Compare 2003 Mitsubishi Lancer Evolution Insurance Rates

Trying to find the cheapest car insurance rates for your Mitsubishi Lancer Evolution? Have you had enough of trying to scrape together enough money to insure your Mitsubishi every month? You’re in the same situation as millions of other vehicle owners.

Due to the large number of car insurance companies to choose from, it can be impossible to locate a lower cost insurance company.

It is always a good idea to do rate comparisons quite often because car insurance prices are constantly changing. Just because you had the best deal for Lancer Evolution insurance a couple years back there is a good chance you can find better premium rates now. Block out anything you think you know about car insurance because you’re about to learn one of the easiest ways to lower your rates without sacrificing coverage.

Choosing the best insurance company for you is not rocket science. In a nutshell, every driver who has to buy auto insurance most likely will be able to find lower rates. Although car owners do need to know the way companies market on the web.

Compare free car insurance quotes

Most larger insurance companies give prices from their websites. This process is quite easy as you just type in your personal and coverage information as requested by the quote form. Once entered, their quoting system orders your driving record and credit report and generates pricing information based on these and other factors. Being able to quote online helps simplify price comparisons, but having to visit a lot of sites and type in your information is a waste of time. But it’s also necessary to perform this step if you are searching for the lowest price.

Isn’t there an easier way to compare rates?

A more efficient way to find lower prices makes use of a single form that obtains quotes from a bunch of companies at once. It saves time, requires less work, and makes rate comparisons much simpler. As soon as the form is sent, it is rated and you can select your choice of the returned quotes. If the quotes result in lower rates, you can simply submit the application and buy the new coverage. It only takes a few minutes and may result in a nice savings.

To save time and find out what other companies charge, simply click here to open in new window and submit your coverage information. To compare your current rates, we recommend you duplicate identical to your current policy. This makes sure you will receive rate comparison quotes for similar insurance coverage.

Why your insurance costs might be higher

Multiple criteria are part of the equation when you get a price on insurance. A few of the factors are predictable such as your driving history, but others are less obvious like your continuous coverage or your commute time.When buying insurance coverage it’s important to understand a few of the rating criteria that help calculate the rates you pay for insurance coverage. If you know what impacts premium levels, this enables informed choices that could help you find lower rates.

Shown below are some of the items utilized by car insurance companies to help set your prices.

  • Car plus home equals more savings – Many insurers afford better rates to clients who buy several policies from them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even if you’re getting this discount it’s in your best interest to compare rates to help ensure you have the lowest rates.
  • Tickets mean higher prices – Careful drivers get better prices compared to bad drivers. Even a single driving citation can increase rates substantially. Drivers who have gotten dangerous violations such as DUI, reckless driving or excessive speeding may face state-mandated requirements to prove financial responsibility with the DMV in their state in order to prevent their license from being revoked.
  • Too many policy claims and you’ll pay more – Companies provide discounts to drivers who do not rely on their insurance for small claims. If you’re an insured who likes to file claims you can pretty much guarantee either higher rates or even cancellation. Your insurance policy is designed for claims that you cannot pay yourself.
  • Older drivers pay less – Inexperience drivers are proven to be less responsible when driving so insurance coverage rates are higher. Mature drivers are more responsible, file fewer claims .
  • Marriage discount – Having a significant other can get you a discount on your insurance coverage bill. Having a significant other may mean you are more mature it has been statistically shown that married drivers get in fewer accidents.

Insurance companies offer many discounts

Companies that sell car insurance don’t always list all possible discounts in a way that’s easy to find, so the below list has a few of the more common as well as some of the hidden discounts you could be receiving when you buy car insurance online. If you don’t get every credit possible, you may be paying too high a price.

  • Defensive Driver – Taking part in a driver safety class could earn you a small percentage discount and easily recoup the cost of the course.
  • Mature Driver Discount – Drivers over the age of 55 are able to get lower premium rates for Lancer Evolution insurance.
  • Bundled Policy Discount – If you combine your homeowners and auto policies and place coverage with the same company they may give you a discount of 10% to 20% off each policy.
  • Braking Control Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Online Discount – Some insurance companies will provide an incentive for buying a policy and signing up over the internet.
  • Telematics Discount – Drivers who elect to allow their insurance company to scrutinize driving manner through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive might get better premium rates as long as they are good drivers.
  • Student in College – Any of your kids who are attending college and do not take a car to college may qualify for this discount.

It’s important to understand that most discounts do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you could get a free insurance policy, company stockholders wouldn’t be very happy.

Large insurance companies and some of the discounts include:

  • Farm Bureau policyholders can earn discounts including renewal discount, driver training, safe driver, multi-vehicle, multi-policy, youthful driver, and good student.
  • MetLife may include discounts for accident-free, good driver, multi-policy, defensive driver, good student, and claim-free.
  • Progressive may offer discounts for homeowner, good student, online quote discount, continuous coverage, and online signing.
  • AAA has savings for multi-car, good student, pay-in-full, good driver, anti-theft, education and occupation, and multi-policy.
  • American Family discounts include accident-free, good student, air bags, bundled insurance, good driver, Steer into Savings, and mySafetyValet.
  • GEICO offers discounts for defensive driver, driver training, emergency military deployment, multi-vehicle, daytime running lights, seat belt use, and anti-lock brakes.
  • State Farm includes discounts for Drive Safe & Save, anti-theft, passive restraint, good student, accident-free, and multiple autos.

If you need lower rates, check with each company or agent which discounts can lower your rates. Some discounts listed above may not be available in your area. If you would like to view insurers that offer some of these discounts, click here.

Do I just need basic coverages?

When buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether you could use an agent’s help.

  • Can my teen drive my company car?
  • Am I insured when driving a different vehicle?
  • Is there coverage for injuries to my pets?
  • Will my insurance pay for OEM parts?
  • Can I rate high risk drivers on liability-only vehicles?
  • What if I owe more than I can insure my car for?
  • When should I buy a commercial auto policy?
  • Am I covered if I hit a deer?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.

Insurance policy coverages for a Mitsubishi Lancer Evolution

Understanding the coverages of a insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the normal coverages offered by insurance companies.

Comprehensive coverage

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, damage from a tornado or hurricane, falling objects and theft. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Coverage for liability

This coverage will cover injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as emergency aid, medical services, loss of income, repair bills for other people’s vehicles and attorney fees. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like doctor visits, prosthetic devices and dental work. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist coverage

This provides protection from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Mitsubishi Lancer Evolution.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Coverage for collisions

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims such as scraping a guard rail, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Saving money is sweet as honey

While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped physical damage coverage only to regret at claim time that the savings was not a smart move. Your focus should be to purchase a proper amount of coverage at the best cost but still have enough coverage for asset protection.

We covered many ideas to reduce 2003 Mitsubishi Lancer Evolution insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from the least-expected company. Regional companies often have lower premium rates on specific markets than the large multi-state companies such as Allstate or State Farm.

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