2004 Mitsubishi Lancer Evolution Insurance Quotes – 5 Tips for Cheaper Rates

Overpriced Mitsubishi Lancer Evolution insurance can empty your savings account and force you to prioritize other expenses. Doing a price comparison is a smart way to cut your insurance bill.

You have multiple auto insurance companies to insure vehicles with, and though it is a good thing to be able to choose, it can be more challenging to find the lowest rates.

This article will tell you the most effective way to quote insurance. If you currently have car insurance, you will be able to reduce your rates substantially using this information. But vehicle owners must comprehend the methods companies use to determine prices and apply this information to your search.

Save with discounts on 2004 Mitsubishi Lancer Evolution insurance

Insurance can be prohibitively expensive, but you may find discounts that you may not even be aware of. Larger premium reductions will be automatically applied at the time of quoting, but some must be specifically requested in order for you to get them.

  • Organization Discounts – Belonging to a professional or civic organization is a good way to get lower rates when shopping for car insurance for Lancer Evolution insurance.
  • Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you could get a discount of at least 10% off all policies.
  • Safety Course Discount – Completing a course in driver safety could save 5% or more depending on where you live.
  • New Vehicle Savings – Buying coverage on a new vehicle can save up to 30% since new cars are generally safer.
  • Low Mileage Discounts – Fewer annual miles on your Mitsubishi can qualify you for lower rates on the low mileage vehicles.

As a disclaimer on discounts, most discounts do not apply the the whole policy. A few only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates adding up those discounts means a free policy, car insurance companies aren’t that generous. But all discounts will reduce the amount you have to pay.

To see a list of companies offering car insurance discounts, follow this link.

Do drivers who switch really save $432 a year?

Insurance companies such as 21st Century, Allstate and State Farm constantly bombard you with ads on TV and radio. They all seem to have a common claim that you’ll save big if you switch to them. But how can every company make almost identical claims?

Insurance companies have a preferred profile for the type of driver that is profitable for them. For example, a desirable insured might be between 30 and 50, has no tickets, and chooses high deductibles. Any new insured who matches those parameters is entitled to the best price and most likely will save quite a bit of money when switching.

Potential customers who fall outside these standards will be charged a more expensive rate and ends up with business going elsewhere. The ad wording is “people who switch” not “everybody who quotes” save that kind of money. This is how companies can make those claims.

That is why you absolutely need to get a wide range of price quotes. It’s not possible to predict the company that will fit your personal profile best.

Tailor your coverage to you

When it comes to choosing proper insurance coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different so this has to be addressed. These are some specific questions may help highlight whether or not you will benefit from professional help.

  • What are the financial responsibility laws in my state?
  • What if I don’t agree with a claim settlement offer?
  • Who is covered when they drive my 2004 Mitsubishi Lancer Evolution?
  • What is roadside assistance coverage?
  • Should I have combined single limit or split liability limits?
  • When should I drop full coverage on my 2004 Mitsubishi Lancer Evolution?
  • When should my teen driver be added to my policy?
  • I have a DUI can I still get coverage?
  • Do I need rental car coverage?
  • Exactly who is provided coverage by my policy?

If you can’t answer these questions but a few of them apply, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

Coverages available on your policy

Having a good grasp of a auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverage types available from auto insurance companies.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Mitsubishi Lancer Evolution.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Liability insurance

This coverage provides protection from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which stand for a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is a combined single limit or CSL which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as repair costs for stationary objects, pain and suffering, emergency aid, bail bonds and medical expenses. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like damage from getting keyed, hitting a bird, hail damage and damage from flooding. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage

Collision insurance will pay to fix damage to your Lancer Evolution resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as crashing into a ditch, colliding with another moving vehicle, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also increase the deductible to get cheaper collision coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as ambulance fees, prosthetic devices, X-ray expenses, hospital visits and dental work. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Final considerations

Low-cost 2004 Mitsubishi Lancer Evolution insurance can be bought from both online companies and with local insurance agents, and you need to price shop both to have the best rate selection. Some companies do not offer online quoting and usually these smaller companies provide coverage only through local independent agents.

Throughout this article, we presented quite a bit of information on how to reduce insurance prices online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. Consumers may even find the best price on insurance is with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Progressive or Geico.

More detailed insurance information is located by following these links: