2004 Mitsubishi Lancer Evolution Insurance Quotes – 7 Ways to Save

Looking for the cheapest auto insurance rates for your Mitsubishi Lancer Evolution? Have you had enough of being strong-armed to buy car insurance? You’re in the same situation as the majority of other car owners.

Consumers have many insurers to buy insurance from, and although it’s a good thing to have multiple companies, lots of choices makes it harder to locate the cheapest rates.

Consumers need to check auto insurance prices periodically since rates are usually higher with each renewal. Even if you got the lowest price for Lancer Evolution insurance on your last policy there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to demonstrate how to use online quotes to save money, get proper deductibles and limits, all at the lowest rate.

Compare Quotes for Insurance Coverage

All major insurance coverage companies like Allstate and Progressive give price estimates online. Getting online quotes is pretty easy as you just enter the amount of coverage you want into a form. When complete, their system obtains your credit score and driving record and returns a price based on these and other factors. Being able to quote online simplifies rate comparisons, but the time required to go to multiple sites and fill out multiple forms can be a bit tiresome and repetitive. But it’s very important to have as many quotes as possible in order to get the lowest possible prices on insurance coverage.

A less time-consuming method to find better insurance coverage pricing is to use a quote form that gets price quotes from more than one company. This type of form saves time, eliminates form submissions, and makes online shopping a lot less work. Immediately after you send the form, it is quoted with multiple companies and you can pick any of the quote results. If a lower price is quoted, you can click and sign and buy the policy. It only takes a few minutes and you will find out if you’re overpaying now.

If you want to find out how much you’re overpaying now, click here to open in a new tab and enter your information. If you have coverage now, it’s recommended you replicate your coverages just like they are on your policy. Doing this guarantees you will have comparison quotes using the same coverage and limits.

Advertising myths

Companies like Allstate and Progressive consistently run ads on TV and radio. All the ads make the same claim that you can save if you change your policy. How does each company say the same thing? This is how they do it.

Different companies have a certain “appetite” for the type of customer that is profitable for them. An example of a driver they prefer could be between the ages of 30 and 50, has no driving citations, and drives newer vehicles. A propective insured who meets those qualifications gets the lowest rates and is almost guaranteed to cut their rates substantially.

Drivers who don’t qualify for the requirements will be charged more money and ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can claim big savings. That is why you absolutely need to quote coverage with many companies. It is impossible to predict which insurance companies will fit your personal profile best.

More discounts equal less premium

Companies that sell car insurance don’t always advertise all their discounts in an easy-to-find place, so the following is a list of both well-publicized and the more hidden savings tricks you should be using.

  • Defensive Driver – Taking a course in driver safety can save you 5% or more and easily recoup the cost of the course.
  • Government Employees – Employees or retirees of the government may qualify you for a discount for Lancer Evolution insurance with a few car insurance companies.
  • Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you may save 10% to 20% off each policy.
  • Safe Driver Discount – Drivers who avoid accidents can get discounts for up to 45% lower rates for Lancer Evolution insurance than less cautious drivers.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears you could get a free car insurance policy, you won’t be that lucky.

Car insurance companies that possibly offer these money-saving discounts include:

Double check with all companies you are considering which discounts they offer. All car insurance discounts might not apply in every state.

It’s not one size fits all

When buying adequate coverage for your personal vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help you determine if your insurance needs would benefit from an agent’s advice.

  • Is my ex-spouse still covered by my policy?
  • Can I afford to pay high deductible claims out of pocket?
  • Does my policy cover me when driving someone else’s vehicle?
  • Should I have a commercial auto policy?
  • Does my car insurance cover rental cars?
  • Do I need rental car coverage?
  • Is my dog or cat covered if injured in an accident?
  • How high should my medical payments coverage be?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.

Auto insurance coverages

Knowing the specifics of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are typical coverages offered by car insurance companies.

Comprehensive (Other than Collision) – This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims like vandalism, hitting a bird, rock chips in glass, a broken windshield and fire damage. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability car insurance – Liability coverage can cover damage or injury you incur to people or other property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like bail bonds, medical services, court costs, loss of income and legal defense fees. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Protection from uninsured/underinsured drivers – This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 2004 Mitsubishi Lancer Evolution.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like scraping a guard rail, hitting a mailbox, colliding with a tree, sideswiping another vehicle and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as dental work, surgery and nursing services. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Cheaper insurance is a realistic goal

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. In many cases, an insured dropped physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your focus should be to get the best coverage possible at an affordable rate while not skimping on critical coverages.

In this article, we presented a lot of tips how to compare 2004 Mitsubishi Lancer Evolution insurance prices online. The key concept to understand is the more rate quotes you have, the higher the chance of saving money. Drivers may discover the best price on insurance is with some of the smallest insurance companies. Some small companies may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.

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