2010 Mitsubishi Lancer Evolution Insurance Quotes – 7 Ideas for Cheaper Rates

Trying to find lower insurance rates for your Mitsubishi Lancer Evolution? Are you a victim of overpriced insurance? Believe me, many consumers feel financially strained by their insurance policy.

Because you have many choices of insurance companies, it can be impossible to pick the most cost effective car insurance company.

How to Compare Car Insurance

There are several ways of comparing price quotes from local car insurance companies. One of the best ways to find competitive 2010 Mitsubishi Lancer Evolution insurance rates involves getting comparison quotes online. This can be accomplished using a couple different methods.

  1. The best way to get quotes is to use a rate comparison form (click to open form in new window). This method saves time by eliminating repetitive form entry for every car insurance company. A single, simple form gets you price quotes direct from many companies.
  2. A slightly less efficient method to obtain and compare quotes online is to manually visit each company website and request a quote. For example, we’ll assume you want rates from State Farm, Farmers and GEICO. To find out each rate you need to go to every website to input your insurance information, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.
  3. The least recommended method to get comparison rates is to spend your day driving to insurance agents’ offices. The ability to buy insurance online eliminates the need for an insurance agent unless you have a need for the professional guidance of a licensed agent. You can, however, comparison shop your insurance online but still have the advice of a local agent and we’ll talk about that later.

Whichever way you use, ensure you are comparing exactly the same coverages on every quote. If you enter unequal deductibles or liability limits you will not be able to determine which rate is truly the best. Having just a slight variation in limits may result in a large different in cost. And when quoting car insurance, remember that having more price comparisons will improve the odds of getting lower pricing.

Save $382 a year? Really?

Insurance companies such as 21st Century, Allstate and State Farm regularly use ads on TV and radio. They all seem to make the same claim that you can save if you move your coverage to them. But how can every company claim to save you money? This is how they do it.

All companies have a preferred profile for the type of driver they prefer to insure. An example of a profitable customer might be profiled as over the age of 40, has no driving citations, and has a high credit rating. A customer who fits that profile will get very good rates and is almost guaranteed to save when switching.

Consumers who do not match the “perfect” profile will have to pay a more expensive rate and this can result in the customer not buying. The ads state “customers who switch” not “people who quote” save that much money. That is how companies can make the claims of big savings.

Because of the profiling, you need to compare many company’s rates. It’s just too difficult to predict which insurance company will have the lowest Mitsubishi Lancer Evolution insurance rates.

How to reduce 2010 Mitsubishi Lancer Evolution insurance rates

Insuring your vehicles can cost a lot, buy you may qualify for discounts to cut the cost considerably. Certain discounts will be triggered automatically at the time of purchase, but a few need to be asked about before you get the savings.

  • Safety Course Discount – Taking a course in driver safety could save 5% or more if your company offers it.
  • No Accidents – Drivers who don’t have accidents pay less as compared to accident-prone drivers.
  • Drive Less and Save – Fewer annual miles on your Mitsubishi could qualify for discounted rates on garaged vehicles.
  • Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Lancer Evolution insurance than drivers with accident claims.
  • Federal Employees – Active or retired federal employment can earn a discount up to 10% on Lancer Evolution insurance with select insurance companies.
  • Student Driver Training – Cut your cost by having your teen driver complete a driver education course in school.
  • Discount for Life Insurance – Some companies give a discount if you purchase life insurance from them.

It’s important to understand that most discount credits are not given to all coverage premiums. A few only apply to individual premiums such as physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, companies don’t profit that way. But any discount will help reduce your premiums.

For a list of insurers with discount insurance rates, follow this link.

Tailor your coverage to you

When it comes to buying adequate coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different so your insurance should reflect that For instance, these questions might point out whether you will benefit from professional help.

  • Do I need more liability coverage?
  • What discounts do I qualify for?
  • How high should deductibles be on a 2010 Mitsubishi Lancer Evolution?
  • Does insurance cover tools stolen from my truck?
  • Am I covered when driving on a suspended license?
  • Do I really need UM/UIM coverage?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does my policy cover me when driving someone else’s vehicle?
  • Who is covered by my policy?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Auto insurance coverages 101

Learning about specific coverages of your auto insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are the usual coverages found on the average auto insurance policy.

Liability auto insurance

This coverage protects you from damage that occurs to other’s property or people. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like loss of income, medical services and court costs. How much coverage you buy is a personal decision, but you should buy as much as you can afford.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for bills for things like rehabilitation expenses, chiropractic care and hospital visits. They are often used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay

Comprehensive auto coverage

Comprehensive insurance pays for 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 claims such as vandalism, rock chips in glass, falling objects and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 2010 Mitsubishi Lancer Evolution.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Collision insurance

This pays for damage to your Lancer Evolution caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with a tree, backing into a parked car, scraping a guard rail and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible in order to get cheaper collision rates.

Have the Midas touch

When trying to cut insurance costs, you should never skimp on coverage in order to save money. In many instances, consumers will sacrifice physical damage coverage only to find out that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at the best price.

You just learned many ideas to shop for 2010 Mitsubishi Lancer Evolution insurance online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced insurance comes from some of the lesser-known companies. Smaller companies can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.

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