2014 Mitsubishi Lancer Evolution Insurance Cost – 7 Discounts for Cheapest Prices

Have you fallen victim to an expensive insurance coverage policy? Trust us when we tell you you’re not alone. Lots of insurers contend for your hard-earned dollar, and it can be difficult to compare rates and get the best coverage at the lowest rate

It’s important to compare rates at least once a year because prices are usually higher with each renewal. Just because you had the best rates for Lancer Evolution coverage six months ago you can probably find a better rate quote now. You can find a lot of misleading information regarding insurance coverage out there, but by reading this article, you’re going to learn some great ways to save money.

If you are insured now or need a new policy, you will benefit by learning to find better prices while maximizing coverage. Finding affordable coverage is not rocket science. Vehicle owners just need to know the tricks to shop for car insurance online.

Compare auto insurance price quotes

Finding cheap auto insurance prices is not a difficult process. All that’s required is to spend a little time comparing rate quotes from different insurance companies. This can be done by following the guidelines below.

The most efficient way to compare a lot of rates at once is an all-inclusive rate comparison (click to open form in new window). This method keeps you from doing repetitive form submissions for every prospective company. Completing one form gets you price quotes from many national carriers.

A more difficult way to get quotes online requires you to visit each individual company website and request a quote. For examples sake, let’s assume you are doing a rate comparison from Liberty Mutual, Allstate and American Family. To get rate quotes you would need to navigate to each company’s site to enter the same coverage data repeatedly, which can get old fast. To view a list of companies in your area, click here.

The hardest way to price shop rates is going to each insurance agency near you. The ability to buy insurance online can eliminate the need for a local agent unless you prefer the advice and guidance that you can only get from talking to an agent. It is possible to price shop your coverage online but buy the policy through an agent.

Which method you use is up to you, but try to use apples-to-apples coverages for each comparison quote. If you are comparing different values for each quote you can’t possibly truly determine the lowest rate.

Seven discounts for cheaper car insurance quotes

Not many people think insurance is cheap, but you might find some hidden discounts that many consumers don’t even know exist. Larger premium reductions will be automatically applied at the time of quoting, but some discounts are required to be specially asked for in order for you to get them.

  • Senior Citizen Rates – Drivers over the age of 55 can possibly qualify for a slight reduction on a car insurance quote for Lancer Evolution coverage.
  • Buy New and Save – Buying insurance on a new vehicle can get you a discount since new model year vehicles are generally safer.
  • Passive Restraints and Air Bags – Factory options such as air bags can get savings of 20% or more.
  • Own a Home and Save – Owning a house may earn you a small savings because it requires personal responsibility.
  • Discount for Life Insurance – Insurance carriers who offer life insurance give better prices if you take out life insurance from them.
  • Defensive Driver Discount – Passing a class that teaches defensive driver techniques could possibly earn you a 5% discount and easily recoup the cost of the course.
  • More Vehicles More Savings – Having more than one vehicle on one policy can reduce rates for all insured vehicles.

As a sidenote, many deductions do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you can get free auto insurance, nobody gets a free ride.

Larger car insurance companies and some of the premium reductions they offer include:

  • State Farm has savings for driver’s education, Steer Clear safe driver discount, multiple autos, safe vehicle, accident-free, and good student.
  • Geico policyholders can earn discounts including seat belt use, anti-theft, daytime running lights, multi-policy, military active duty, membership and employees, and anti-lock brakes.
  • Allstate includes discounts for safe driver, good payer, defensive driver, multi-policy, farm vehicle, and new car.
  • SAFECO may have discounts that include safe driver, accident prevention training, homeowner, bundle discounts, teen safety rewards, anti-theft, and drive less.
  • Farm Bureau offers discounts including multi-vehicle, youthful driver, safe driver, 55 and retired, and multi-policy.
  • Progressive offers premium reductions for homeowner, good student, online signing, online quote discount, multi-policy, and continuous coverage.
  • AAA may include discounts for good driver, multi-car, pay-in-full, good student, anti-theft, education and occupation, and AAA membership discount.

If you need lower rates, check with all companies you are considering which discounts you qualify for. A few discounts may not apply to policyholders in your state. To see insurers that offer multiple discounts, click here.

You may need specialized car insurance coverage

When buying the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions can aid in determining if you will benefit from professional help.

  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is my state a no-fault state?
  • Is business property covered if stolen from my car?
  • Am I covered when driving a rental car?
  • Is my teenager covered with friends in the car?
  • Is my camper covered by my car insurance policy?
  • Can my teen drive my company car?
  • Which companies will insure high-risk drivers?
  • Do I have coverage when pulling a U-Haul trailer?
  • Am I covered if I wreck a rental car?

If you can’t answer these questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It is quick, free and may give you better protection.

What auto insurance coverages do you need?

Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages available from auto insurance companies.

Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Collision coverages – Collision insurance will pay to fix damage to your Lancer Evolution caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like scraping a guard rail, driving through your garage door, crashing into a building, rolling your car and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible in order to get cheaper collision rates.

Coverage for liability – Liability coverage will cover damages or injuries you inflict on a person or their property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as loss of income, structural damage, repair costs for stationary objects, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage pay for immediate expenses such as dental work, surgery, ambulance fees and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive insurance – This will pay to fix 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 such as damage from a tornado or hurricane, hitting a deer and hail damage. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

The best insurance company isn’t always the cheapest

Some auto insurance companies don’t offer online quoting and most of the time these small insurance companies only sell through independent agents. Cheaper 2014 Mitsubishi Lancer Evolution insurance can be bought from both online companies and with local insurance agents, so compare prices from both in order to have the best price selection to choose from.

When searching for cheap car insurance quotes, you should never skimp on coverage in order to save money. There are too many instances where someone sacrificed liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy enough coverage at the lowest possible cost, but don’t skip important coverages to save money.

Helpful learning opportunities

Comments About 2014 Mitsubishi Lancer Evolution Insurance

  1. Bruce Harrington

    This is too expensive. I’m in the north part of Norfolk, VA. Got quotes with AIG Insurance, Safeco, and a few others for my Mitsubishi and I’m now saving $27 a month. Bought it from an online quote.

  2. Ryan Mcdaniel

    I’m in the north part of Worcester, MA. Quoted quotes with American Family, MetLife, and Western Auto Insurance for my 2014 Mitsubishi Lancer Evolution and I think I saved around $50 each month. Even increased coverage a bit. Can still barely afford it.

  3. Josefina Salinas

    Good site, thanks. From north side of Tulsa, OK. Quoted quotes from GMAC, Amica, Sentry, and a couple others for my 2014 Mitsubishi Lancer Evolution and I’m now saving $20 a month. Insured with Encompass before. I even had a DUI years ago. I used their website to get prices.

  4. Ariel Hendrix

    Went with Sentry for my Mitsubishi and am saving around $290 a year. Even increased coverage a bit.

  5. Lenna Zamora

    This is too expensive. I live in a small town just outside of Saint Louis, Missouri. Quoted with Mercury, Eastwood, Progressive, and Auto-Owners for my Lancer Evolution and saved just over $510 a year. Thankfully I have a good driving record.

  6. Theodora Stein

    Well-written and thought out article. Located in Warwick, RI. Not sure of all the companies but I ended up saving about $30 each month. I have a couple other vehicles on the policy.

  7. Marya Hopper

    Progressive and State Farm had the best prices I found in Nebraska.

  8. Dennise Higgins

    Just a quick comment on my experience. I live east of Juneau, AK. I quoted with 21st Century, American Family, and some I forget for my 2014 Mitsubishi Lancer Evolution and saved $569 a year. They have a lot of discounts available. Not sure if rates are cheaper online or through an agent.

  9. Sharen Hooper

    Does Progressive have low rates for teen drivers?

  10. Yer Cole

    If you have a good history and are close to Hartford, CT, check out Progressive. I saved quite a bit. Was with USAA. I even had a DUI years ago. :P

  11. Wiley Merrill

    I’m in the suburbs of Jersey City, New Jersey. Quoted prices online for a 2014 Mitsubishi Lancer Evolution. Ended up at about $520 savings annually. Went with Progressive. Left GEICO to switch. Even increased my liability limits.