Lower Your 2006 Mitsubishi Lancer Evolution Insurance Cost

Finding the lowest price insurance can appear to be impossible for people that are not comfortable with quoting and online price comparisons. With so many insurance agents and online companies available, how can anyone have a chance to compare every possible option in order to find the cheapest rates?

This information will help you learn the most effective way to quote insurance and some tricks to saving. If you have car insurance now, you will be able to save some money using these tips. Although drivers can benefit by having an understanding of the methods companies use to price insurance differently and use this information to your advantage.

Lower rates by qualifying for discounts

Some insurers do not list all possible discounts in a way that’s easy to find, so we researched some of the best known in addition to some of the lesser obvious discounts that may be available.

  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% for Lancer Evolution insurance depending on your insurance provider.
  • Early Payment Discounts – By making one initial payment rather than paying in monthly installments you could save 5% or more.
  • Accident Forgiveness Coverage – Not really a discount, but some companies like Progressive and Allstate will let one accident slide before raising your premiums if your claims history is clear for a set time period.
  • Driver Training Discounts – Passing a course in defensive driver could possibly earn you a 5% discount and easily pay for the cost of the class.
  • ABS Braking Discount – Vehicles that have anti-lock braking systems are much safer to drive and will save you 10% or more.
  • Passenger Safety Discount – Vehicles equipped with air bags and/or automatic seat belt systems may qualify for discounts of 25 to 30%.
  • Save with More Vehicles Insured – Insuring multiple cars or trucks with one company may reduce the rate for each vehicle.

A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. Some only reduce specific coverage prices like liability and collision coverage. Despite the fact that it seems like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. But any discount will definitely lower your premiums.

To view providers that provide some of the discounts listed above, follow this link.

Insurance is unique, just like you

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

These are some specific questions can aid in determining whether you would benefit from an agent’s advice.

  • Do I need rental car coverage?
  • Is my camper covered by my car insurance policy?
  • What can I do if my company denied a claim?
  • How much liability coverage do I need in my state?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Should I waive the damage coverage when renting a car?

If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form.

Can you really save $492 a year?

Car insurance companies such as 21st Century, Allstate and State Farm endlessly run television, radio, and online ads. All the ads have a common claim about savings if you get a free insurance quote and switch your car insurance coverage to their company. How does each company charge lower premium rates?

Car insurance companies can use profiling for the type of driver that will add to their bottom line. For example, a driver they prefer might be over the age of 35, owns a home, and drives less than 10,000 miles a year. Any driver who fits those characteristics receives the best premium rates and will cut their rates if they switch.

Potential customers who do not match those criteria will get higher premiums which translates to business going elsewhere. The trick companies use is to say “people who switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently make those claims.

This illustrates why you really should get as many free insurance quotes as possible. It’s just not possible to know which car insurance company will have the best auto insurance rates for your profile.

Insurance coverage basics

Having a good grasp of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording.

Liability insurance

This coverage provides protection from injuries or damage you cause to a person or their property. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things like medical expenses, repair bills for other people’s vehicles, loss of income and court costs. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your 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. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive protection

This covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for things like theft, a tree branch falling on your vehicle and vandalism. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses for chiropractic care, funeral costs and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Auto collision coverage

This coverage pays for damage to your Lancer Evolution caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as rolling your car, scraping a guard rail, colliding with another moving vehicle and colliding with a tree. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Save for a rainy day

When trying to cut insurance costs, it’s very important that you do not skimp on coverage in order to save money. Too many times, consumers will sacrifice full coverage only to regret that it was a big error on their part. Your aim should be to buy a smart amount of coverage at the best price, but don’t skip important coverages to save money.

Drivers leave their current company for many reasons like lack of trust in their agent, denial of a claim, being labeled a high risk driver and high rates after DUI convictions. No matter why you want to switch, switching insurance companies is not as hard as you think.

In this article, we covered quite a bit of information on how to get a better price on 2006 Mitsubishi Lancer Evolution insurance. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding cheaper insurance. Consumers could even find that the lowest priced insurance comes from a small local company.

Much more information about insurance can be found at the links below