2015 Mitsubishi Lancer Evolution Insurance Rates – 5 Savings Tips

Want the cheapest insurance rates for your Mitsubishi Lancer Evolution? Cutting costs on insurance is nearly impossible for consumers not familiar with comparison shopping online. You have so many choices that it can easily become a challenge to locate the lowest price.

The quickest way to get rate comparisons is to know the fact most insurance companies pay for the opportunity to compare their rates. The one thing you need to do is provide the companies a bit of rating information such as distance driven, whether you are single or married, if you are currently licensed, and your education level. The rating information is instantly sent to multiple top-rated companies and they respond with quotes within a short period of time.

Do insurance companies bend the truth?

Companies like Progressive, Allstate and Geico constantly bombard you with ads on TV and radio. All the ads make an identical promise that you’ll save big if you switch your policy. How do they all say the same thing? This is how they do it.

Insurance companies have a preferred profile for the right customer that is profitable for them. For instance, a desirable insured could possibly be over the age of 50, owns a home, and drives newer vehicles. Any new insured that hits that “sweet spot” receives the best rates and as a result will probably save when switching.

Drivers who fall outside the requirements will have to pay a more expensive rate and ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “people who quote” save money. That’s the way companies can truthfully state the savings.

Because of the profiling, it is so important to compare many company’s rates. It is impossible to predict which company will provide you with the cheapest Mitsubishi Lancer Evolution insurance rates.

Discounts are basically free money

The cost of insuring your cars can be expensive, but there could be available discounts that you may not even be aware of. Certain discounts will be applied at quote time, but a few need to be specifically requested prior to receiving the credit.

  • Accident Free – Good drivers with no accidents pay much less when compared with bad drivers.
  • Homeowners Pay Less – Being a homeowner may trigger a insurance policy discount because owning a home is proof that your finances are in order.
  • Anti-theft System – Cars that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
  • Discount for New Cars – Adding a new car to your policy can save up to 30% since new cars are generally safer.
  • Early Signing – A few companies offer discounts for switching to them prior to your current policy expiration. This can save 10% or more.

Drivers should understand that most discount credits are not given to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, companies wouldn’t make money that way. But any discount will reduce your premiums.

Companies that possibly offer these benefits include:

Double check with each insurance company which discounts they offer. Savings might not be offered in your area.

Which insurance is the “right” coverage?

When buying the best insurance coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different.

For instance, these questions might point out if you would benefit from an agent’s advice.

  • Does medical payments coverage apply to all occupants?
  • When can I cancel my policy?
  • Do I pay less if my vehicle is kept in my garage?
  • Am I covered if I crash into my own garage door?
  • Is my nanny covered when driving my vehicle?
  • Where can I get insurance after a DUI in my state?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form.

Auto insurance coverage breakdown

Having a good grasp of your policy can be of help when determining appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Collision protection

Collision insurance covers damage to your Lancer Evolution caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with a tree, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as damage from getting keyed, a tree branch falling on your vehicle, damage from flooding, falling objects and hail damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

UM/UIM Coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Normally these coverages are identical to your policy’s liability coverage.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like nursing services, chiropractic care and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible

Liability insurance

This can cover damage that occurs to other people or property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like court costs, attorney fees, structural damage and medical expenses. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Don’t throw your cash in the trash

Low-cost 2015 Mitsubishi Lancer Evolution insurance can be sourced on the web and with local insurance agents, so you should be comparing quotes from both to get a complete price analysis. A few companies do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

In this article, we presented a lot of ways to shop for insurance online. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding lower rates. You may be surprised to find that the lowest rates come from a lesser-known regional company.

People leave their current company for a variety of reasons including being labeled a high risk driver, delays in responding to claim requests, policy non-renewal and poor customer service. Regardless of your reason for switching companies, finding a great new company is actually quite simple.

Much more information about insurance coverage can be read at the links below