How Much Does 2004 Mitsubishi Lancer Evolution Insurance Cost?

Buyers have lots of choices when searching for low-cost Mitsubishi Lancer Evolution insurance. You can either spend your time contacting agents to get rate comparisons or save time using the internet to compare rates.

There are both good and bad ways to find car insurance online so we’re going to tell you the quickest way to get price quotes on a Mitsubishi and locate the lowest possible price either online or from local insurance agents.

If you have a policy now or are shopping for new coverage, you will benefit by learning to shop for the lowest rates and possibly find even better coverage. The purpose of this post is to help educate you on the most effective way to quote insurance. Drivers only need to know how to shop for insurance coverage over the internet.

Learn how to lower your insurance prices

Multiple criteria are considered when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, although some other factors are not as apparent like your continuous coverage or how financially stable you are.

Don’t abuse claims – If you are a frequent claim filer, you can look forward to either policy cancellation or increased premiums. Car insurance companies generally give cheaper rates to insureds who do not rely on their insurance for small claims. Your insurance policy is intended for major claims that would cause financial hardship.
Where do you drive? – The higher the mileage driven in a year the higher your rates will be. Most companies calculate prices based upon how the vehicle is primarily used. Cars not used for work or commuting get more affordable rates than cars that get driven a lot. Make sure your policy is rated on the correct usage for each vehicle. An improperly rated Lancer Evolution may be wasting your money.
Rental and towing coverage may not be needed – There are many extra add-on coverages that you can buy if you aren’t diligent. Coverages for coverage for rental cars, high-cost glass coverage, and membership fees may be wasting your money. They may seem good at first, but if you’ve never needed them in the past think about removing them and cutting costs.
Which gender costs less? – Over the last 50 years, statistics have shown that women are safer drivers than men. The data does not necessarily mean that women are BETTER drivers than men. Both sexes are responsible for auto accidents at a similar rate, but men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets like DUI and reckless driving. Youthful male drivers are several times more likely to be in an accident and therefore pay the highest rates.
Allowing your policy to lapse raises insurance coverage rates – Going without insurance is a sure-fire way to increase your insurance coverage rates. And not only will insurance be more expensive, failure to provide proof of insurance might get you fines and jail time.

Discounts for lower-cost auto insurance rates

Auto insurance can be pricey, but there could be significant discounts that can dramatically reduce your bill. Some of these disounts will be visible at the time you complete a quote, but lesser-known reductions have to be requested specifically before you will receive the discount.

Senior Citizen Rates – Drivers that qualify as senior citizens may be able to get a small decrease in premiums for Lancer Evolution insurance.
Home Ownership Discount – Just being a homeowner can earn you a little savings because it requires a higher level of personal finance.
Low Miles Discount – Fewer annual miles on your Mitsubishi can earn lower prices due to less chance of an accident.
Discount for Life Insurance – Select insurance carriers reward you with a discounted rate on car insurance if you buy a life insurance policy as well.
Telematics Data – Drivers that enable driving data collection to scrutinize where and when they drive remotely like Allstate’s Drivewise might get better premium rates as long as the data is positive.
Pay Early and Save – By making one initial payment rather than paying monthly you can avoid monthly service charges.
Theft Deterent – Anti-theft and alarm system equipped vehicles are stolen less frequently and therefore earn up to a 10% discount.
Multiple Vehicles – Having primary and secondary vehicles with one company may reduce the rate for each vehicle.
ABS Braking Discount – Cars, trucks, and SUVs with ABS braking systems or traction control are safer to drive and qualify for as much as a 10% discount.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. Some only apply to individual premiums such as medical payments or collision. Even though it may seem like you could get a free auto insurance policy, it just doesn’t work that way.

To locate insurance companies offering auto insurance discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.

Here are some questions about coverages that might help in determining if your situation might need professional guidance.

Are there companies who specialize in insuring high-risk drivers?
How can I get high-risk coverage after a DUI?
Should I bundle my homeowners policy with my auto?
Am I covered when delivering products for my home-based business?
Does my policy cover my teen driver if they drive my company car?
If my 2004 Mitsubishi Lancer Evolution is totaled, can I afford another vehicle?
Does my medical payments coverage pay my health insurance deductible?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form. It’s fast, free and you can get the answers you need.

Educate yourself about car insurance coverages

Knowing the specifics of a car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be ambiguous and reading a policy is terribly boring.

Comprehensive or Other Than Collision

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like hitting a bird, damage from a tornado or hurricane, fire damage, a tree branch falling on your vehicle and hail damage. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2004 Mitsubishi Lancer Evolution.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage

This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like scraping a guard rail, crashing into a ditch, rolling your car and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to save money on collision insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like hospital visits, chiropractic care, rehabilitation expenses, dental work and ambulance fees. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

Liability insurance will cover damage that occurs to other’s property or people in an accident. This insurance protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like bail bonds, structural damage, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Shop Smart and Save

Insureds switch companies for any number of reasons including high prices, poor customer service, high rates after DUI convictions or policy cancellation. Whatever your reason, finding a great new company can be easier than you think.

The cheapest 2004 Mitsubishi Lancer Evolution insurance is definitely available on the web and with local insurance agents, and you should be comparing both to get a complete price analysis. Some companies do not provide rate quotes online and these regional insurance providers work with independent agents.

We covered a lot of techniques to lower your 2004 Mitsubishi Lancer Evolution insurance prices. It’s most important to understand that the more providers you compare, the higher your chance of finding affordable insurance. Drivers may discover the lowest prices come from the smaller companies.