Lower Your 2015 Mitsubishi Lancer Evolution Insurance Rates

When searching for more affordable insurance, are you baffled by the dozens of car insurance sources in your area? You’re not alone. You have so many choices that it is a difficult situation to find the best premium rates.

It’s a good idea to do price comparisons occasionally because car insurance prices are rarely the same from one policy term to another. If you had the best price for Lancer Evolution insurance a couple years back there is a good chance you can find better rate quotes now. There is a lot of wrong information about car insurance out there, but in just a couple of minutes you can learn some of the best techniques to reduce your car insurance bill.

Pricing more affordable coverage is simple if you know the tricks. Basically, every driver who buys car insurance will be able to cut their insurance bill. Although drivers must know how big insurance companies price insurance differently and apply this information to your search.

How to buy car insurance

To get cheap auto insurance quotes, there a variety of ways to compare prices from local car insurance companies. One of the best ways to compare rates is to use the internet to compare rates. This can be done in a couple minutes as outlined below.

Probably the best way consumers can analyze rates is to use a rate comparison form click here to open form in new window. This method saves time by eliminating a different quote for each company you want a rate for. One simple form gets coverage cost estimates from all major companies. This is perfect if you don’t have a lot of time.

A less efficient way to get quotes online requires a trip to the website of each company to complete a price quote. For instance, we’ll pretend you want to get rates from Liberty Mutual, 21st Century and American Family. In order to compare rates, you need to go to every website and type in your information over and over, which is why the first method is more popular. For a list of companies in your area, click here.

The most difficult way to get comparison rates is going to insurance agencies in your area. The internet has made agencies unnecessary unless you have a need for the peace of mind of a local agency. Although, it is possible get prices online but buy from a local insurance agent.

Whichever method you choose, do your best to enter the exact same coverage limits for each quote you get. If you are comparing different coverage information it will be nearly impossible to truly determine the lowest rate. Just a small difference in insurance coverages may result in large price differences. Just remember that comparing more company’s prices increases your odds of finding a lower rate. Some insurance companies are not set up to provide quotes online, so it’s important to also get rates from those companies as well.

Car insurance quotes and discounts

Companies don’t always advertise the entire discount list very well, so the below list has a few of the more well known and also the more inconspicuous credits available to bring down your rates.

• Bundle and Save – If you combine your auto and home policies and insure them with the same company you could get a discount of at least 10% off all policies.
• Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save a little off the personal injury premium cost.
• Responsible Drivers – Insureds who avoid accidents can get discounts for up to 45% lower rates for Lancer Evolution insurance than drivers with accidents.
• Fewer Miles Equal More Savings – Keeping the miles down on your Mitsubishi may allow you to get lower premium rates due to less chance of an accident.
• One Accident Forgiven – Not really a discount, but some insurance companies will let one accident slide before your rates go up if you are claim-free for a set time period.
• Active Service Discounts – Having an actively deployed family member may qualify for rate reductions.
• Home Ownership Discount – Being a homeowner can save a few bucks because it is proof that your finances are in order.

Remember that some credits don’t apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, it’s just not the way it works.

A list of companies and their possible discounts are detailed below.

• State Farm offers premium reductions for good student, good driver, multiple autos, Drive Safe & Save, safe vehicle, accident-free, and multiple policy.
• Liberty Mutual offers discounts for good student, safety features, multi-policy, multi-car, newly retired, teen driver discount, and new vehicle discount.
• American Family may have discounts that include good driver, Steer into Savings, mySafetyValet, air bags, bundled insurance, and defensive driver.
• Progressive may offer discounts for multi-policy, homeowner, online signing, online quote discount, good student, and multi-vehicle.
• Farmers Insurance may include discounts for switch companies, homeowner, multi-car, bundle discounts, early shopping, and good student.
• Auto-Owners Insurance discounts include anti-theft, paperless, teen driver, group or association, safe vehicle, mature driver, and company car.
• SAFECO offers discounts including homeowner, teen safety rewards, bundle discounts, safe driver, and anti-theft.

When getting a coverage quote, ask all the companies which discounts they offer. Some discounts listed above may not apply in your area. To see companies that offer some of these discounts, follow this link.

Situations that may require an agent’s advice

When choosing the best auto insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.

For example, these questions may help you determine if your situation would benefit from an agent’s advice.

• Can my teen driver be rated on a liability-only vehicle?
• Is a blown tire covered by insurance?
• I have good health insurance, so how much medical payments coverage do I need?
• Why do I only qualify for high-risk insurance?
• How can I find cheaper teen driver insurance?
• Why am I required to get a high-risk car insurance policy?
• Should I have a commercial auto policy?
• Am I covered if hit by an uninsured driver?
• Is other people’s property covered if stolen from my vehicle?

If you’re not sure about those 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, take a second and complete this form.

Information about specific coverages

Understanding the coverages of a car insurance policy helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Collision insurance

Collision insurance will pay to fix damage to your Lancer Evolution from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like hitting a parking meter, damaging your car on a curb, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses like funeral costs, rehabilitation expenses and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Comprehensive coverage

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

Comprehensive can pay for things like hitting a deer, fire damage, hail damage, vandalism and a tree branch falling on your vehicle. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability insurance

This will cover damage or injury you incur to other people or property by causing an accident. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage protects against things such as repair costs for stationary objects, pain and suffering, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your Mitsubishi Lancer Evolution.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Frequently these limits are identical to your policy’s liability coverage.