2004 Mitsubishi Lancer Evolution Insurance Rates

Buyers have lots of choices when searching for affordable Mitsubishi Lancer Evolution insurance. You can either spend your time driving around trying to get quotes or save time using the internet to compare rates.

There are more efficient ways to compare car insurance rates so we’re going to tell you the absolute fastest way to get price quotes on a Mitsubishi and locate the lowest possible price from both online companies and local agents.

Ways to get car insurance price quotes

Most of the larger companies such as Progressive, Allstate and Geico allow you to get price estimates on the web. Doing online quotes is possible for anyone as you just type in your required coverages as detailed in the form. When the form is submitted, the quote system requests your driving record and credit report and gives you a price quote.

This makes it a lot easier to compare rates but the time it takes to visit many different websites and fill out multiple forms is monotonous and tiresome. But it’s very important to perform this step if you want to get a better rate.

A better way to get multiple rate quotes utilizes a single form to get prices from several different companies. It saves time, reduces the work, and makes online shopping much more enjoyable and efficient. Once the form is submitted, it is rated with multiple companies and you can pick your choice of the price quotes you receive.

If a lower price is quoted, you simply finish the application and buy the new coverage. It takes just a few minutes to complete and you will know how your current rates stack up.

If you want to fill out one form to compare multiple rates now, click here to open in a new tab and input your coverage information. If you currently have coverage, we recommend you copy the coverages identical to your current policy. This helps ensure you’re receiving a price comparison for similar coverage.

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Insurance companies offer lots of discounts

Some insurers don’t always publicize all available discounts very well, so the next list breaks down some of the best known in addition to some of the lesser obvious credits available to you.

• Drive Safe and Save – Drivers who don’t get into accidents can save as much as half off their rates on Lancer Evolution coverage than drivers with accidents.
• Save with More Vehicles Insured – Buying coverage for multiple cars on a single policy could earn a price break for each car.
• Discounts for Government Workers – Active or retired federal employment could cut as much as 10% off on Lancer Evolution coverage with a few insurance companies.
• Defensive Driver Discount – Completing a defensive driver course can save you 5% or more and easily recoup the cost of the course.
• Early Renewal Discounts – A few companies give discounts for buying a new policy before your current policy expires. It can save you around 10%.
• Discount for Passive Restraints – Vehicles with factory air bags or motorized seat belts can receive discounts as much as 30%.
• Clubs and Organizations – Joining a civic or occupational organization could qualify you for a break on your next insurance statement.
• Include Life Insurance and Save – Insurance carriers who offer life insurance give better insurancerates if you take out auto and life insurance together.
• Early Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can avoid monthly service charges.
• Policy Bundle Discount – When you have multiple policies with one company you could earn a discount of at least 10% off all policies.

Don’t be shocked that some credits don’t apply the the whole policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy.

Companies and the discounts they provide include:

• Farm Bureau has savings for 55 and retired, multi-policy, driver training, multi-vehicle, youthful driver, renewal discount, and safe driver.
• Liberty Mutual may include discounts for newly retired, preferred payment discount, new vehicle discount, safety features, hybrid vehicle, good student, and multi-policy.
• State Farm discounts include accident-free, multiple autos, safe vehicle, student away at school, driver’s education, defensive driving training, and Steer Clear safe driver discount.
• Auto-Owners Insurance may offer discounts for anti-lock brakes, paid in full, mature driver, student away at school, and paperless.
• Geico policyholders can earn discounts including multi-vehicle, five-year accident-free, federal employee, driver training, anti-theft, and seat belt use.
• SAFECO offers discounts for safe driver, teen safety rewards, multi-car, drive less, and anti-theft.

When getting a coverage quote, ask every insurance company which discounts can lower your rates. Discounts may not apply everywhere. To locate providers that offer multiple discounts, click here to view.

Lower your insurance premiums

Lots of factors are considered when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but others are more transparent like where you live or how financially stable you are.

Shown below are some of the most rate-impacting factors companies use to determine your premiums.

• Do safer cars cost less to insure? – Vehicles with high crash test scores can get you lower premiums. The safest vehicles result in less severe injuries and any reduction in injury severity translates directly to fewer claims which can result in lower premiums. If your Mitsubishi earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
• Defend yourself with liability coverage – The liability section of your policy provides coverage if you are responsible for causing personal injury or damage in an accident. Your liability coverage provides legal defense coverage to attempt to prove you were not liable. This coverage is very inexpensive compared to comp and collision, so buy as much as you can afford.
• Lower rates come with age – Older drivers are more cautious drivers, statistically cause fewer accidents and get fewer tickets.Teenage drivers have a tendency to be more careless when driving therefore auto insurance rates are much higher.
• Do you need those extra coverages? – Insurance policies have a lot of extra bells and whistles you can purchase if you aren’t diligent. Insurance for rental car coverage, towing, and motor club memberships could be just wasting money. They may seem good when buying your policy, but now you might not need them so remove them and pocket the money.
• Responsible drivers have lower costs – Attentive drivers pay less for auto insurance as compared to careless drivers. Even one speeding ticket can increase rates by twenty percent. People who have multiple violations such as DUI or willful reckless driving may face state-mandated requirements to file a SR-22 with their state DMV in order to continue driving.
• Your employer can affect rates – Did you know your career choice can influence rates? Occupational choices like real estate brokersairline pilots and stock brokers usually pay the highest average rates attributed to intense work requirements and lots of time spent away from family. Conversely, jobs like farmers, students and homemakers get better rates on Lancer Evolution coverage.
• Long commutes cost more – The more miles you rack up on your Mitsubishi each year the higher the price you pay to insure it. Most insurance companies charge rates based upon how you use the vehicle. Vehicles that have low annual miles receive lower rates as compared to vehicles used primarily for driving to work. Verify your auto insurance policy is rated on how each vehicle is driven. An incorrectly rated Lancer Evolution is throwing money out the window.

Do I just need basic coverages?

When choosing the best car insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s.

For example, these questions may help you determine whether or not you could use an agent’s help.

• How much underlying liability do I need for an umbrella policy?
• What should my uninsured motorist coverage limits be in my state?
• Is my business laptop covered if it gets stolen from my vehicle?
• Is my babysitter covered when using my vehicle?
• When should I drop full coverage on my 2004 Mitsubishi Lancer Evolution?
• Does my insurance cover my expensive audio equipment?
• Do I have newly-aquired coverage?

If it’s difficult to answer those questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

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The largest companies are not always cheapest

Drivers can’t get away from ads that promise big savings from companies such as Progressive, Allstate and Geico. All the ads make an identical promise that you’ll save big after switching your coverage to them.

It sounds good, but how can they all charge you less for car insurance?

Insurance companies quote their cheapest rates for the driver that makes them money. A good example of a profitable risk profile might be described as over age 30, has never had a policy lapse, and drives less than 5,000 miles a year. A customer getting a price quote who matches those parameters will get a cheap rate quote as well as save when they switch companies.

Potential customers who do not meet those standards may be forced to pay higher prices which results in the customer not purchasing. The wording the ads use say “people that switch” not “all people who quote” save that much when switching. That is how companies can truthfully make claims that they all have the best premium rates.

Because every company is different, you absolutely need to get price quotes at each policy renewal. It’s impossible to know the company that will have the best car insurance rates at this point in time.

Insurance policy coverages for a 2004 Mitsubishi Lancer Evolution

Understanding the coverages of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Mitsubishi Lancer Evolution.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like nursing services, dental work, X-ray expenses and pain medications. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive coverage

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

Comprehensive can pay for claims such as a broken windshield, vandalism, damage from flooding and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto collision coverage

Collision insurance will pay to fix damage to your Lancer Evolution resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like crashing into a building, crashing into a ditch, hitting a parking meter, scraping a guard rail and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Auto liability insurance

This can cover damage that occurs to other people or property that is your fault. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that means you have 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 one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as medical expenses, repair costs for stationary objects, medical services, pain and suffering and legal defense fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Compare but don’t skimp

Consumers leave their current company for many reasons like policy non-renewal, delays in responding to claim requests, high rates after DUI convictions and poor customer service. Regardless of your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

Budget-conscious 2004 Mitsubishi Lancer Evolution insurance is possible online as well as from independent agents, so you need to quote auto insurance with both in order to have the best price selection to choose from. A few companies do not offer rates over the internet and these smaller providers prefer to sell through local independent agents.

As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. In many instances, an insured cut collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage for the lowest cost, but do not skimp to save money.

Additional learning opportunities

• Medical Payments Coverage (Liberty Mutual)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• What is a Telematics Device? (Allstate)
• Event Data Recorders FAQ (iihs.org)

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