2012 Mitsubishi Lancer Evolution Insurance Cost

Looking for the cheapest insurance coverage rates for your Mitsubishi Lancer Evolution? Cutting costs on insurance coverage is always hard for people who are new to shopping for insurance online. Drivers have so many companies to choose from that it can quickly become a ton of work to find lower rates.

It’s smart to get comparison quotes on a regular basis because prices fluctuate regularly. Despite the fact that you may have had the lowest rates for Lancer Evolution coverage two years ago you can probably find a better price now. Forget anything you know (or think you know) about insurance coverage because you’re about to find out one of the best ways to find better coverage at a better price.

Insurance Coverage Quote Comparison

When shopping for insurance coverage there are multiple ways of comparing price quotes and find the best price. The best way to find the cheapest 2012 Mitsubishi Lancer Evolution insurance rates consists of shopping online. This is very easy and can be done using a couple different methods.

The first (and easiest) way to get the best comparison quotes would be an industry-wide quote request form click here to open form in new window. This easy form keeps you from doing multiple quote forms to each individual insurance coverage company. One quote request gets you price quotes direct from many companies. This is by far the quickest method.

A different way to compare prices requires a trip to the website for every company you want to comare and request a quote. For instance, let’s assume you want to compare USAA, Farmers and American Family. To find out each rate you need to spend time on each company’s site to input your insurance information, which is why the first method is more popular.

To view a list of companies in your area, click here.

The hardest method of comparing rate quotes is driving around to local insurance agencies. The internet makes this process obsolete unless you require the personal advice that only a license agent can provide. Drivers can price shop online and get advice from an agent in your area and we’ll cover that in a bit.

However you get your quotes, make sure you use the exact same coverages for each price quote. If the quotes have different liability limits it’s not possible to determine the best price for your Mitsubishi Lancer Evolution. Quoting even small variations in insurance coverages may cause a big price difference. And when comparing insurance coverage rates, know that comparing more company’s prices gives you a better chance of getting a better price.

Discounts are basically free money

Companies that sell car insurance don’t list every discount very well, so here is a list some of the more common as well as the least known savings tricks you should be using.

  • Distant Student – Kids in college who live away from home and do not have a car may be able to be covered for less.
  • Multi-policy Discount – If you have multiple policies with the same insurance company you may earn approximately 10% to 15%.
  • Own a Home – Being a homeowner can help you save on auto insurance because owning a home shows financial diligence.
  • Low Mileage Discounts – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use a seat belt could save 15% off your medical payments premium.
  • E-sign – Some insurance companies give back up to $50 for buying your policy on their website.
  • Passive Restraints and Air Bags – Vehicles with factory air bags and/or automatic seat belt systems can get savings up to 30%.
  • No Claims – Drivers with accident-free driving histories pay much less as compared to bad drivers.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
  • Good Student – Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.

As a disclaimer on discounts, most discount credits are not given to the entire cost. Some only apply to the price of certain insurance coverages like medical payments or collision. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way.

Car insurance companies that possibly offer these benefits include:

Double check with each company which discounts you may be entitled to. All car insurance discounts may not be available everywhere.

Which insurance is the “right” coverage?

When choosing proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different.

For example, these questions might point out whether your personal situation might need professional guidance.

  • Should I get collision insurance on every vehicle?
  • What if I don’t agree with a claim settlement offer?
  • What is medical payments coverage?
  • Why is insurance for a teen driver so high?
  • When do I need to add a new car to my policy?
  • Can I rate high risk drivers on liability-only vehicles?
  • What companies insure drivers after a DUI or DWI?
  • Do I pay less if my vehicle is kept in my garage?
  • When should my teen driver be added to my policy?
  • Does my 2012 Mitsubishi Lancer Evolution need full coverage?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Why your Mitsubishi Lancer Evolution insurance rates may be high

Consumers need to have an understanding of some of the elements that go into determining the rates you pay for auto insurance. Having a good understanding of what influences your rates allows you to make educated decisions that will entitle you to better auto insurance rates.

  • Low deductibles can be expensive – Physical damage deductibles define the amount you are willing to pay in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, protects your car from damage. A few examples of covered claims could be running into the backend of another car, collision with an animal, and burglary. The higher the amount you have to pay, the lower your rates will be for Lancer Evolution coverage.
  • Older drivers pay less – Young drivers are statistically proven to be more careless in a vehicle so auto insurance rates are higher. Mature drivers are viewed as being more responsible, tend to file fewer claims and get fewer tickets.
  • Men pay higher rates – Statistics demonstrate women are more cautious behind the wheel. However, don’t assume that men are WORSE drivers than women. They both are in accidents at a similar rate, but the males cause more damage and cost insurance companies more money. They also have more aggressive citations such as DWI and reckless driving.
  • Drive less and save money – The more you drive every year the higher your rates will be. Most companies apply a rate based on their usage. Vehicles not used for work or commuting qualify for better rates compared to those used for work or business. Having the wrong rating on your Lancer Evolution can cost quite a bit. Ask your agent if your auto insurance policy is rated on the correct driver usage.
  • Policy add-ons can waste money – There are a ton of extra coverages that can waste your money on your auto insurance policy. Things like vanishing deductibles, accident forgiveness and additional equipment coverage may be costing you every month. They may seem good initially, but now you might not need them so remove them from your policy.
  • High crash test scores lower rates – Vehicles with good safety scores can get you lower premiums. The safest vehicles protect occupants better and lower injury rates translates into savings for insurance companies passed on to you as lower rates. If your Mitsubishi Lancer Evolution has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
  • More than one policy can earn a discount – Some insurers provide better rates to policyholders who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even though this discount sounds good, it’s in your best interest to compare rates to ensure the best deal. Drivers may still find better rates by buying insurance from more than one company.

Are you falling for claims of savings?

Companies like State Farm, Allstate and GEICO continually stream ads on television and other media. All the ads say the same thing of big savings after switching your coverage to them. How do they all make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the type of driver that is profitable for them. For example, a driver they prefer could be between the ages of 40 and 55, has no tickets, and drives less than 10,000 miles a year. Any driver who fits that profile will qualify for the lowest rates and most likely will save when switching.

Potential insureds who are not a match for the requirements will be quoted a higher premium which usually ends up with the customer not buying. The ads say “drivers who switch” not “people who quote” save money. That’s why insurance companies can make those claims. This emphasizes why it is so important to get a wide range of price quotes. It’s not possible to predict which company will provide you with the cheapest Mitsubishi Lancer Evolution insurance rates.

Insurance coverage options for a 2012 Mitsubishi Lancer Evolution

Having a good grasp of insurance aids in choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Auto liability – Liability insurance protects you from damage that occurs to other’s property or people in an accident. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for things like pain and suffering, court costs and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as funeral costs, prosthetic devices and doctor visits. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Collision coverages – This will pay to fix damage to your Lancer Evolution caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as sideswiping another vehicle, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2012 Mitsubishi Lancer Evolution.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive insurance – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as damage from flooding, theft and a broken windshield. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

One last thing

Insureds leave their current company for a variety of reasons including denial of a claim, poor customer service, high prices or even an unsatisfactory settlement offer. It doesn’t matter what your reason, finding the right insurance coverage provider is not as hard as you think.

When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice physical damage coverage only to regret at claim time they didn’t have enough coverage. Your focus should be to purchase plenty of coverage at an affordable rate while still protecting your assets.

You just learned a lot of ways to compare 2012 Mitsubishi Lancer Evolution insurance prices online. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers could even find that the best prices are with some of the smallest insurance companies.

Even more information can be found at these sites: