2006 Mitsubishi Lancer Evolution Insurance Rates

Baffled by the wide range of auto insurance choices that you can choose from? Vehicle owners have such a vast assortment of choices available that it can really be more work than you anticipated to find a more affordable company.

It’s a good habit to compare rates periodically since insurance prices are variable and change quite frequently. Just because you had the best deal on Lancer Evolution coverage a year ago there may be better deals available now. Forget all the misinformation about auto insurance because you’re about to learn the proper way to lower your rates without sacrificing coverage.

Verify you’re getting every discount

Insurance coverage is not an enjoyable expense, but you might already qualify for some discounts that many people don’t even know exist. Certain credits will be shown when you quote, but a few must be requested specifically before they will apply.

  • Auto/Life Discount – Not all insurance coverage companies offer life insurance, but some may give you lower premium rates if you buy life insurance from them.
  • Telematics Data – Drivers who agree to allow their insurance company to scrutinize driving patterns by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive might see lower rates if they have good driving habits.
  • Multiple Policy Discount – When you have multiple policies and insure them with the same company you could get a discount of approximately 10% to 15%.
  • Drivers Education – Teen drivers should complete a driver education course if it’s offered in school.
  • Early Payment Discounts – By paying your policy upfront instead of paying each month you may have a lower total premium amount.
  • College Student Discount – Any of your kids who are enrolled in higher education away from home and do not take a car to college may be able to be covered for less.
  • Safety Restraint Discount – Forcing all vehicle occupants to wear their seat belts can save up to 10 percent (depending on the company) off the medical payments premium.

Consumers should know that most discounts do not apply to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. So even though you would think you would end up receiving a 100% discount, you won’t be that lucky.

Auto insurance companies that may have some of the above discounts include:

If you need lower rates, check with every prospective company which discounts they offer. All car insurance discounts may not be available in every state. For a list of insurance companies that have a full spectrum of discounts, click this link.

How much is insurance coverage?

Many insurance companies like Progressive, Allstate and GEICO provide prices online. Getting online rates is very simple as all you need to do is type in your coverage preferences on the page. Upon sending the form, their rating system orders reports for credit and driving violations and returns pricing information based on these and other factors.

Quoting online makes it simple to compare prices but the time it takes to visit several different sites and type in your information can get tiresome after awhile. But it is imperative to compare as many rates as possible in order to find the lowest insurance coverage rates.

The smarter way to find better insurance coverage pricing uses one simple form that analyzes rates from several companies at one time. It saves time, reduces the work, and makes online quotes a little more enjoyable. Immediately after submitting the form, it is quoted with multiple companies and you can pick your choice of the resulting price quotes.

If the quotes result in lower rates, you can click and sign and purchase coverage. The entire process can be completed in less than 10 minutes and may save quite a bit of money.

In order to find out if lower rates are available, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended that you enter coverages and limits as close as possible to your current policy. Doing this assures you are getting comparison quotes based on similar coverages.

Find cheaper auto insurance with these tips

It’s important that you understand the factors that go into determining your policy premiums. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that can earn you cheaper rates.

Listed below are some of the major factors used by insurance companies to determine your prices.

  • Youthful vs. older drivers – Drivers with little experience tend to be easily distracted behind the wheel and because of this, their auto insurance rates are much higher. Adding a young driver onto a policy can be quite pricey. More experienced drivers are proven to be safer behind the wheel, are lower risk to insure and get fewer tickets.
  • Rates may be lower depending on your occupation – Did you know that where you work can have an impact on rates? Careers like judges, social workers and financial analysts usually pay higher rates than average due to intense work requirements and incredibly demanding work hours. On the other hand, jobs such as actors, historians and retirees get better rates on Lancer Evolution coverage.
  • Accidents are costly – Only having one ticket could increase your next policy renewal by twenty percent. Drivers who don’t get tickets pay lower auto insurance prices as compared to careless drivers. People who have license-revoking violations like DUI or willful reckless driving may find that they have to to submit a SR-22 or proof of financial responsibility with their state in order to legally drive a vehicle.
  • Men drivers tend to cost more – Statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. They both are responsible for auto accidents in similar numbers, but the men tend to have more serious accidents. Men also receive more major tickets such as reckless driving.
  • Pay more if you have a long commute – Choosing to live in a small town can save you money when talking about auto insurance. Residents of big cities have to deal with much more traffic and higher rates of accident claims. Less people means fewer accidents and lower theft and vandalism rates.
  • Liability coverage preserves assets – Your policy’s liability coverage will provide protection when you are ruled to be at fault for damages caused by your negligence. It will provide for a legal defense which can be incredibly expensive. Liability is cheap compared to other policy coverages, so buy as much as you can afford.

When should I discuss my situation with an agent?

When buying adequate coverage, there isn’t really a best way to insure your cars. Everyone’s situation is unique.

For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.

  • Does having multiple vehicles earn me a discount?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • What is the rate difference between pleasure use and commuting?
  • Am I covered if I hit my neighbor’s mailbox?
  • What happens if I owe more than my 2006 Mitsubishi Lancer Evolution is worth?
  • When do I need to add a new car to my policy?
  • Why is insurance for a teen driver so high?
  • Is upholstery damage covered by car insurance?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, fill out this quick form.

Car insurance 101

Understanding the coverages of your insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Liability insurance

This protects you from damage or injury you incur to a person or their property that is your fault. It protects you from claims by other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability 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. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims like funeral expenses, attorney fees, legal defense fees and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Auto collision coverage

This coverage covers damage to your Lancer Evolution from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like hitting a parking meter, sustaining damage from a pot hole, crashing into a ditch, sideswiping another vehicle and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like theft, vandalism and hitting a deer. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical costs insurance

Coverage for medical payments and/or PIP pay for expenses such as EMT expenses, funeral costs and hospital visits. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your 2006 Mitsubishi Lancer Evolution.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are similar to your liability insurance amounts.

What is YOUR best insurance company?

People who switch companies do it for any number of reasons including denial of a claim, policy non-renewal, questionable increases in premium and even an unsatisfactory settlement offer. Regardless of your reason for switching companies, switching insurance coverage companies is pretty easy and you might even save some money in the process.

As you restructure your insurance plan, it’s not a good idea to sacrifice coverage to reduce premiums. In many instances, an accident victim reduced uninsured motorist or liability limits only to find out that they should have had better coverage. The aim is to buy the best coverage you can find for the lowest price while still protecting your assets.

We just showed you some good ideas how to compare 2006 Mitsubishi Lancer Evolution insurance premium rates online. The most important thing to understand is the more quotes you get, the better your comparison will be. You may even find the biggest savings come from a small local company.

Even more information can be found in the articles below: