View 2003 Mitsubishi Lancer Evolution Insurance Quotes

Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Believe me when I say there are lots of people in the same boat.

Many insurers compete to insure your vehicles, so it’s not easy to compare every company and uncover the absolute lowest price

If you have car insurance now, you stand a good chance to be able to cut costs considerably using this information. Choosing the best insurance company for you is easy if you know what you’re doing. But consumers must comprehend how the larger insurance companies price online insurance and apply this information to your search.

More discounts equal less premium

The cost of insuring your cars can be expensive, but there could be available discounts that you may not know about. Some trigger automatically at the time you complete a quote, but a few must be asked about prior to getting the savings.

  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount for Lancer Evolution coverage with a few auto insurance companies.
  • Accident Waiver – A handful of insurance companies will allow you to have one accident before raising your premiums if you are claim-free prior to the accident.
  • Claim Free – Good drivers with no accidents pay less when compared to accident-prone drivers.
  • Life Insurance Discount – Companies who offer life insurance give a break if you buy a life insurance policy as well.

Consumers should know that most discounts do not apply to the entire cost. Some only reduce the cost of specific coverages such as comp or med pay. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any qualifying discounts will cut your overall premium however.

A partial list of companies that may offer some of the above discounts are:

Before buying, ask every prospective company which discounts they offer. All car insurance discounts may not be available in your state.

How to Get Insurance

There are multiple methods to shop for 2003 Mitsubishi Lancer Evolution insurance, and some are easier and takes less work. You could waste time driving to insurance companies in your area, or you could use the web to accomplish the same thing much quicker.

Many of the larger companies participate in a marketplace where insurance shoppers enter their coverage request one time, and every company returns a competitive quote for coverage. This eliminates the need for quote forms for each company.

To access this free quoting program, click here to start a free quote.

The single downside to doing it this way is you can’t choose which carriers you will receive quotes from. If you wish to select from a list of companies for rate comparison, we put together a list of companies who write insurance in your area. Click to view list.

It doesn’t matter which method you choose, just be sure to compare identical coverage limits and deductibles for every quote you compare. If you have higher or lower deductibles it will be very difficult to determine the best price for your Mitsubishi Lancer Evolution. Quoting even small variations in limits can result in a big premium difference. Keep in mind that comparing more company’s prices helps locate the best price.

Factors that can influence Mitsubishi Lancer Evolution insurance rates

Consumers need to have an understanding of the different types of things that help determine the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

The following are some of the factors that factor into premiums.

  • Theft deterrents lower rates – Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your car from being stolen.
  • Extra add-on coverages are wasting money – There are quite a few extra coverages you can purchase if you aren’t careful. Things like rental car reimbursement, better glass coverage and additional equipment coverage are some examples. These may sound like a good investment when you first buy your policy, but now you might not need them so remove them from your policy.
  • Poor credit can mean higher rates – A driver’s credit rating is a huge factor in determining your rates. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit ratings. Therefore, if your credit rating can use some improvement, you could save money insuring your 2003 Mitsubishi Lancer Evolution by improving your credit score.
  • Do you have enough liability coverage? – The liability section of your policy provides coverage if a jury decides you are liable for damages from an accident. Liability provides for a legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Safer occupants lowers premiums – Vehicles with high crash test scores can get you lower premiums. Safe vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you. If your Mitsubishi earned at least four stars on it may be receiving lower rates.
  • Discounts for multiple policies – Many insurance companies will award you with lower prices to insureds who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to 10 percent or more. Even with this discount, it’s in your best interest to compare rates to confirm you are receiving the best rates possible. You may still find better rates by splitting coverages up.
  • Small claims can cost you – Insurance companies award discounts to insureds who file claims infrequently. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Car insurance is designed for major claims that would cause financial hardship.
  • Traffic citations inflate rates – Good drivers tend to pay less for car insurance than people who have multiple driving citations. Even one ticket can increase rates twenty percent or more. Drivers who get severe violations like DWI, reckless driving or hit and run convictions may be required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.

It’s not one size fits all

When it comes to choosing the best auto insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can aid in determining whether you could use an agent’s help.

  • Do I have coverage if my license is suspended?
  • Do I need motorclub coverage?
  • I have a DUI can I still get coverage?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Does coverage extend to my business vehicle?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I need added coverage for expensive stereo equipment?
  • Am I covered if I drive in a foreign country?
  • How can I get my company to pay me more for my totalled car?
  • Do I need roadside assistance coverage?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Misconceptions in insurance coverage advertisements

Insurance coverage providers like GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. They all make an identical promise of big savings if you switch to them. How does each company make almost identical claims? It’s all in the numbers.

All companies have a preferred profile for the type of customer that makes them money. For example, a profitable customer might be between 30 and 50, owns a home, and has a high credit rating. A customer that hits that “sweet spot” receives the best rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who fall outside this ideal profile must pay more money and ends up with the customer not buying. Company advertisements say “customers who switch” not “people who quote” save that kind of money. That’s the way companies can truthfully claim big savings.

This illustrates why it’s extremely important to get as many comparisons as possible. Because you never know the company that will have the lowest Mitsubishi Lancer Evolution insurance rates.

Coverages available on your insurance policy

Understanding the coverages of your insurance policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages found on most insurance policies.

Auto liability insurance

Liability coverage provides protection from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as court costs, funeral expenses, medical expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but buy higher limits if possible.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for bills like nursing services, dental work, hospital visits, doctor visits and rehabilitation expenses. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Mitsubishi Lancer Evolution.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Most of the time these coverages do not exceed the liability coverage limits.

Auto collision coverage

Collision insurance pays for damage to your Lancer Evolution caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with a tree, damaging your car on a curb and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Comprehensive auto coverage

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hail damage, vandalism, hitting a bird, fire damage and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage on a shoestring budget

Discount 2003 Mitsubishi Lancer Evolution insurance can be sourced both online and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

In this article, we presented many ideas to get a better price on insurance. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the best prices are with a small mutual company. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.

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