How Much Does 2003 Mitsubishi Lancer Evolution Insurance Cost?

Trying to find cheaper insurance for a Mitsubishi Lancer Evolution could be an all-consuming task, but you can follow our car insurance buying tips to find lower rates. There is a right way and a wrong way to compare car insurance rates and you need to know the quickest way to quote coverages for your Mitsubishi and get the cheapest rates.

It’s a great practice to compare premium rates periodically because prices are usually higher with each renewal. Just because you found the best rates on Lancer Evolution insurance last year there is a good chance you can find better premium rates now. There is a lot of bad information regarding car insurance on the web, but you can learn some of the best techniques to lower your car insurance premiums.

Are you qualifying for every discount?

Some insurers do not advertise every policy discount very well, so we break down some of the best known and also the more inconspicuous credits that you can use to lower your rates. If you don’t get every credit available, you’re paying more than you need to.

• Military Rewards – Being deployed in the military may qualify for rate reductions.
• No Claims – Good drivers with no accidents have much lower rates as opposed to accident-prone drivers.
• Driving Data Discount – Drivers who elect to allow data collection to spy on vehicle usage through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease if they show good driving skills.
• Save with More Vehicles Insured – Drivers who insure multiple vehicles with the same company may reduce the rate for each vehicle.
• Government Employees – Active or former government employment can save as much as 8% on Lancer Evolution insurance depending on your company.

Don’t be shocked that most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like liability and collision coverage. Even though it may seem like all those discounts means the company will pay you, you’re out of luck.

Some of the insurance companies that may offer policyholders these money-saving discounts are:

• State Farm
• Farmers Insurance
• Progressive
• Geico
• Auto-Owners Insurance
• The Hartford
• Farm Bureau
• USAA

Double check with each company which discounts you may be entitled to. Some discounts listed above might not apply in your area.

The quickest method to get rate comparisons takes advantage of the fact car insurance companies participate in a system to give free rates quotes. All consumers are required to do is provide a little information including daily mileage, if your license is active, types of safety features, and which vehicles you own. Your details is automatically sent to many of the top insurers and you will get price comparisons immediately.

When in doubt talk to an agent

When choosing the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different.

For example, these questions might point out whether you will benefit from professional help.

• Why do I need rental car insurance?
• Do I have coverage when pulling a U-Haul trailer?
• What is roadside assistance coverage?
• Is my dog or cat covered if injured in an accident?
• Should I bundle my homeowners policy with my auto?
• Do I need replacement cost coverage?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and you can get the answers you need.

Car insurance coverages and their meanings

Understanding the coverages of your policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Liability auto insurance – Liability coverage will cover damage or injury you incur to people or other property that is your fault. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things like medical services, structural damage, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense insurance – Med pay and PIP coverage pay for bills such as pain medications, chiropractic care and dental work. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision – This pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with another moving vehicle, damaging your car on a curb, sustaining damage from a pot hole, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers – This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your 2003 Mitsubishi Lancer Evolution.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive (Other than Collision) – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hail damage, falling objects, damage from a tornado or hurricane and damage from flooding. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

At the end of the day…

The cheapest 2003 Mitsubishi Lancer Evolution insurance can be sourced on the web in addition to local insurance agencies, so you need to quote insurance with both in order to have the best price selection to choose from. A few companies do not offer online rate quotes and many times these regional carriers only sell through independent agencies.

Insureds leave their current company for many reasons like being labeled a high risk driver, high prices, lack of trust in their agent and not issuing a premium refund. It doesn’t matter what your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

You just read quite a bit of information on how to reduce 2003 Mitsubishi Lancer Evolution insurance rates online. The key concept to understand is the more companies you get auto insurance rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with a smaller regional carrier.

To read more, feel free to visit the resources below:

• Auto Crash Statistics (Insurance Information Insitute)
• A Tree Fell on Your Car: Now What? (Allstate)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Auto Insurance Learning Center (State Farm)
• What is Covered by GAP Insurance? (Allstate)