How Much Does 2008 Mitsubishi Lancer Evolution Insurance Cost?

Trying to find cheaper car insurance rates for your Mitsubishi Lancer Evolution? Drivers who are new to the process of comparing auto insurance prices on the internet might discover locating affordable car insurance is tougher than they thought.

Do you qualify for discount auto insurance?

Auto insurance is easily one of your largest bills, but you may be missing some discounts that can drop the cost substantially. Most are applied at quote time, but some discounts are required to be specially asked for before being credited.

  • Theft Deterent System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and qualify for as much as a 10% discount.
  • Passive Restraints and Air Bags – Options like air bags or motorized seat belts could see savings up to 30%.
  • Sign Online – A handful of insurance companies will give you a small discount for buying your policy on the internet.
  • Military Rewards – Being on active deployment in the military may qualify for rate reductions.
  • Early Switch Discount – A few auto insurance companies give discounts for buying a policy before your current coverage expires. It can save you around 10%.
  • Accident-Free Discounts – Drivers with accident-free driving histories pay much less as compared to frequent claim filers.
  • Safety Course Discount – Taking part in a safe driver class may get you a small discount and also improve your driving technique.
  • Homeowners Pay Less – Simply owning a home may trigger a policy discount on auto insurance because it requires personal responsibility.
  • Low Mileage Discounts – Fewer annual miles on your Mitsubishi could earn cheaper auto insurancerates.

A little note about advertised discounts, most credits do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as medical payments or collision. Despite the appearance that adding up those discounts means a free policy, it doesn’t quite work that way.

A list of companies and some of their more popular discounts are detailed below.

  • Progressive may have discounts that include online quote discount, online signing, multi-policy, continuous coverage, good student, homeowner, and multi-vehicle.
  • GEICO offers premium reductions for multi-policy, anti-theft, seat belt use, good student, and daytime running lights.
  • State Farm has savings for good driver, good student, multiple autos, anti-theft, safe vehicle, accident-free, and passive restraint.
  • Esurance offers discounts for anti-theft, good driver, renters, emergency road assistance, safety device, paid-in-full, and defensive driver.
  • The Hartford policyholders can earn discounts including anti-theft, air bag, driver training, good student, bundle, vehicle fuel type, and defensive driver.

When quoting, ask every company how many discounts you can get. Some credits may not be offered in your area.

Lower your insurance premiums

Multiple criteria are used when you quote your car insurance policy. A few of the factors are predictable such as your driving record, but other criteria are not quite as obvious like where you live or your vehicle rating.It’s important that you understand some of the things that aid in calculating the rates you pay for insurance. When you understand what controls the rates you pay, this allows you to make educated decisions that may reward you with cheaper rates.

Listed below are some of the major factors insurance companies consider when setting prices.

  • Liability claims can be big – Your policy’s liability coverage provides coverage in the event that you are determined to be liable for physical damage or personal injury to other. Liability insurance provides you with a defense in court starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not cut corners here.
  • Remove unneeded incidental coverages – Insurance policies have a lot of additional extra coverages that you can get tricked into buying if you aren’t careful. Coverages like roadside assistance, towing, and additional equipment coverage may be costing you every month. They may seem good when deciding what coverages you need, but your needs may have changed so get rid of them and save.
  • Higher physical damage deductibles reduce prices – Coverage for physical damage, termed comprehensive and collision coverage on your policy, insures against damage to your Mitsubishi. Some examples of covered claims are a broken side mirror, hitting a deer, and burglary. Deductibles for physical damage state the amount of money the insured will be required to pay before a claim is paid by your company. The higher the amount the insured has to pay upfront, the less your insurance will be on Lancer Evolution insurance.
  • Prices may be lower depending on your job – Occupations such as lawyersair traffic controllers and dentists generally have higher premium rates attributed to intense work situations and extremely grueling work hours. Conversely, careers such as actors, historians and performers pay lower than average rates on Lancer Evolution insurance.

What insurance coverages do I need?

When it comes to buying coverage for your vehicles, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs.

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

  • How much liability insurance is required?
  • How high should my medical payments coverage be?
  • Can I drive in Mexico and have coverage?
  • Am I covered when driving a rental car?
  • Does my medical payments coverage pay my health insurance deductible?
  • Should I bundle my homeowners policy with my auto?
  • Is motorclub coverage worth it?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.

Is there deception in advertising?

Companies like Progressive, GEICO, Allstate and State Farm regularly use ads on TV and radio. They all advertise the message about how much you will save if you move your policy. It sounds good, but how can they all give you a better price? Here is how they do it.

All the different companies quote their cheapest rates for the type of driver that makes them money. An example of this type of insured might have to be between 30 and 50, has few claims, and drives less than 5,000 miles a year. Any customer that matches those criteria will get low prices and as a result will probably save money with a new company.

Potential insureds who cannot meet these criteria will be quoted higher premium rates which leads to the prospect going elsewhere. The trick is to say “drivers who switch” not “all people who quote” save the amount stated. This is how companies can truthfully make it sound like they have such great prices.

Each company has different criteria, so you really need to get a wide range of price quotes. It is impossible to predict with any certainty which company will fit your personal profile best.

Auto insurance coverage information

Learning about specific coverages of your policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be confusing and reading a policy is terribly boring.

Collision – This covers damage to your Lancer Evolution resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as damaging your car on a curb, crashing into a ditch, colliding with another moving vehicle, hitting a mailbox and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.

Coverage for uninsured or underinsured drivers – This provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Mitsubishi Lancer Evolution.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like X-ray expenses, pain medications, doctor visits and dental work. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive insurance – This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as vandalism, hitting a bird, damage from getting keyed, theft and hitting a deer. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability insurance – Liability insurance provides protection from injuries or damage you cause to people or other property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against things like emergency aid, structural damage, legal defense fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is your choice, but buy as much as you can afford.

Stretch your dollar

The cheapest 2008 Mitsubishi Lancer Evolution insurance can be sourced on the web in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who do not offer the ability to get a quote online and most of the time these smaller providers work with independent agents.

Throughout this article, we presented a lot of ways to save on 2008 Mitsubishi Lancer Evolution insurance. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding cheap car insurance. You may be surprised to find that the best prices are with an unexpected company.

Drivers change insurance companies for a variety of reasons including an unsatisfactory settlement offer, unfair underwriting practices, lack of trust in their agent and even questionable increases in premium. It doesn’t matter why you want to switch switching companies is pretty easy and you might even save some money in the process.

For more information, link through to the resources below: