Cheap Mitsubishi Lancer Evolution Car Insurance in 2024 (Save Money With These 10 Companies)

The top picks for cheap Mitsubishi Lancer Evolution car insurance are Progressive, Auto-Owners, and State Farm, known for their exceptional value and coverage options.

These companies provide competitive premiums and comprehensive policies tailored to high-performance vehicles like the Mitsubishi Lancer Evolution. Explore our comprehensive resource on “Cheapest Car Insurance Companies.”

Our Top 10 Company Picks: Cheap Mitsubishi Lancer Evolution Car Insurance

By choosing one of these insurers, drivers benefit from robust protection and excellent customer service, ensuring that both car and owner are well-cared for. The article explores various factors influencing insurance costs and offers tips on securing the best rates, making it a must-read for Lancer Evolution owners looking to optimize their insurance investments.

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#1 – Progressive: Top Overall Pick

Pros

• Competitive Rates: Progressive offers the cheapest rates for Mitsubishi Lancer Evolution insurance at $105 monthly. Discover insights in our Progressive insurance review & ratings.
• Snapshot Discount: Customers can save significantly by participating in Progressive’s Snapshot program, which tailors rates based on driving behavior.
• High A.M. Best Rating: With an A+ rating, Progressive is recognized for its financial stability and strong ability to meet claims.

Cons

• Program Dependency: Discounts heavily depend on data from the Snapshot program, which might not favor all driving styles.
• Coverage Flexibility: Some users may find the customization options for coverage less flexible compared to other insurers.

#2 – Auto-Owners: Best for Personal Service

Pros

• Superior Customer Service: Auto-Owners is known for its exceptional, personalized customer service.
• High A.M. Best Rating: With an A++ rating, Auto-Owners boasts superior financial stability. See more details in our guide titled “Auto-Owners Insurance Review & Ratings.”
• Dedicated Claims Process: Offers a streamlined and supportive claims process, enhancing the experience for Mitsubishi Lancer Evolution owners.

Cons

• Slightly Higher Rates: Monthly premiums for Auto-Owners are slightly higher at $110 compared to Progressive.
• Limited Availability: Services might not be available as widely, affecting those in certain regions.

#3 – State Farm: Best for Good Student

Pros

• Good Student Discount: State Farm offers discounts that benefit students, making it ideal for younger Mitsubishi Lancer Evolution drivers.
• Diverse Coverage Options: Provides a variety of coverage options to suit different needs and budgets.
• Bundling Discounts: Offers the ability to save through bundling different types of insurance policies. Unlock details in our State Farm insurance review & ratings.

Cons

• Higher Premiums for Some Tiers: Even with discounts, some coverage levels may still have relatively higher premiums.
• Lower A.M. Best Rating: With a B rating, State Farm’s financial strength is good but not as high as some competitors.

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#4 – Travelers: Best for IntelliDrive App

Pros

• IntelliDrive Program: Travelers offers discounts based on driving behavior monitored through their IntelliDrive app, beneficial for safe Mitsubishi Lancer Evolution drivers.
• High A.M. Best Rating: With an A++ rating, Travelers shows excellent financial health, ensuring reliability in claim settlements.
• Flexible Policy Options: Offers a wide range of customizable insurance options that cater to various driver needs. Check out insurance savings in our complete Travelers insurance review & ratings.

Cons

• Program Duration: The IntelliDrive program requires a 90-day monitoring period, which may be seen as intrusive by some drivers.
• Variable Discounts: Savings from the IntelliDrive program can vary significantly based on the data collected, which might not benefit everyone equally.

#5 – American Family: Best for Teen Safe

Pros

• Teen Safe Driver Discounts: American Family offers specific discounts for teens, making it a cost-effective option for families with young Mitsubishi Lancer Evolution drivers.
• Strong Financial Rating: Holds an A rating from A.M. Best, indicating robust financial health and claims-paying ability. See more details in our guide titled, “American Family Insurance Review & Ratings.”
• Supportive Educational Tools: Provides educational resources aimed at improving driving habits, especially for younger drivers.

Cons

• Higher Rates for High-Risk Profiles: Premiums can be higher for drivers with less favorable driving records or younger, less experienced drivers.
• Limited Availability: American Family’s services are not available in all states, which could be a limitation for some policyholders.

#6 – Allstate: Best for Drivewise App

Pros

• Drivewise Discount: Allstate’s Drivewise app offers savings for good driving habits, ideal for Mitsubishi Lancer Evolution owners who are safe drivers.
• Wide Coverage Options: Allstate provides a broad array of coverage options, allowing drivers to tailor their policies to their specific needs.
• High A.M. Best Rating: With an A+ rating, Allstate is well-regarded for financial stability and reliability. Learn more in our complete Allstate insurance review & ratings.

Cons

• Premium Cost: Despite the availability of discounts, Allstate’s base rates, including for Mitsubishi Lancer Evolution, can be on the higher side.
• Discounts Depend on App Data: Savings are contingent on continuous monitoring through the Drivewise app, which might not appeal to all drivers.

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#7 – Nationwide: Best for SmartRide Program

Pros

• SmartRide Discounts: Nationwide offers discounts through its SmartRide program, rewarding safe driving behaviors with lower premiums.
• Flexible Policy Options: Offers extensive customization of policies to meet diverse driver needs, beneficial for Mitsubishi Lancer Evolution owners.
• Strong Financial Rating: Nationwide holds an A+ A.M. Best rating, ensuring financial strength and dependable claim service. Access comprehensive insights in our Nationwide insurance review & ratings.

Cons

• Program Requirements: Participation in the SmartRide program requires data-sharing that might not be comfortable for all.
• Rate Variability: Insurance rates can vary more significantly based on driving data collected through SmartRide.

#8 – Farmers: Best for Affinity Groups

Pros

• Affinity Discounts: Farmers offers unique discounts for members of various professional groups, potentially lowering rates for eligible Mitsubishi Lancer Evolution owners.
• Customizable Coverage: Allows for extensive customization of coverage options, matching specific needs and preferences.
• Dedicated Agent Network: Provides access to a vast network of agents for personalized service and support. Read up on Farmers insurance review & ratings for more information.

Cons

• Higher Premium Rates: Generally, Farmers’ rates, including for performance cars like the Mitsubishi Lancer Evolution, are higher compared to some competitors.
• Complex Policy Options: While customization is a pro, it can also make choosing the right options more complex and daunting for new policyholders.

#9 – Liberty Mutual: Best for RightTrack Program

Pros

• RightTrack Refund: Liberty Mutual’s RightTrack program offers a refund for safe driving, ideal for conscientious Mitsubishi Lancer Evolution drivers.
• Wide International Reach: Provides coverage options across many regions, making it a good choice for drivers who travel or relocate frequently.
• Extensive Discounts: Offers a variety of discounts including for online purchases, paperless billing, and more. Discover more about offerings in our Liberty Mutual insurance review & ratings.

Cons

• Monitoring Period Required: The RightTrack program involves a monitoring period which some might find inconvenient or intrusive.
• Variable Savings: The savings from RightTrack depend heavily on driving behavior, which may not result in significant discounts for everyone.

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#10 – The Hartford: Best for AARP Discounts

Pros

• AARP Member Benefits: Offers exclusive discounts and benefits for AARP members, ideal for older Mitsubishi Lancer Evolution owners.
• High Level of Customer Satisfaction: Known for excellent customer service and high satisfaction rates among policyholders.
• Strong Financial Stability: Maintains an A+ rating from A.M. Best, ensuring a reliable claims process and financial strength. Discover insights in our guide titled, “The Hartford Insurance Review & Ratings.”

Cons

• Age-Specific Benefits: The best benefits are reserved for AARP members, which may limit options for younger drivers.
• Higher Rates Without Discounts: Non-AARP members might find The Hartford’s rates less competitive, particularly for high-performance vehicles like the Mitsubishi Lancer Evolution.

Mitsubishi Lancer Evolution Insurance Rates Breakdown

When considering insurance for your Mitsubishi Lancer Evolution, it’s essential to compare how different insurers price their minimum and full coverage options. This table provides a detailed look at the monthly rates offered by various providers, giving you a clearer idea of the cost implications for each type of coverage.

Mitsubishi Lancer Evolution Car Insurance Monthly Rates by Coverage Level & Provider

The monthly rates for minimum coverage insurance for the Mitsubishi Lancer Evolution start as low as $105 with Progressive and go up to $135 with The Hartford, indicating a significant variation based on the insurer.

For full coverage, which includes comprehensive and collision insurance, the rates start at $190 with Progressive and peak at $250 with The Hartford. Learn more in our “What is included in comprehensive car insurance?”

This comprehensive view highlights the diverse pricing strategies across the market and helps identify which companies offer the most competitive rates for both basic and extensive insurance needs for your Mitsubishi Lancer Evolution.

Factors That Affect the Cost of Mitsubishi Lancer Evolution Car Insurance

Several factors influence the cost of car insurance for a Mitsubishi Lancer Evolution. Firstly, the age and driving experience of the primary driver play a crucial role. Insurance companies typically view younger, less experienced drivers as higher-risk individuals, and therefore charge higher premiums. Additionally, the driver’s location can impact the insurance rate.

If you live in an area with a high population density or a high crime rate, the insurer may consider your car more susceptible to theft or accidents, resulting in higher premiums. Another factor that can affect the cost of insurance is the driving record. If the driver has a history of traffic violations or accidents, insurance companies may see them as a higher risk and charge higher premiums.

On the other hand, a clean driving record and a history of safe driving may result in lower insurance rates.The type and level of coverage chosen also impact the insurance cost. Comprehensive coverage, which protects against theft, vandalism, and damage not caused by a collision, tends to have higher premiums.

On the contrary, choosing a higher deductible, the amount you must pay out of pocket before insurance kicks in, may result in lower insurance rates. Lastly, modifications and upgrades made to the Mitsubishi Lancer Evolution can significantly impact the cost of car insurance.

Insurers may deem certain modifications as increasing the risk of accidents or theft, and therefore charge higher premiums. It’s essential to notify your insurance company of any modifications to ensure accurate coverage and avoid potential issues when making a claim.

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Understanding the Different Types of Car Insurance for a Mitsubishi Lancer Evolution

When selecting car insurance for a Mitsubishi Lancer Evolution, understanding the available coverage types is crucial. The most basic is liability insurance, legally required in most states, covering damages and injuries caused to others in an accident—however, it does not cover damage to your vehicle. See more details in our guide titled “Types of Car Insurance Coverage.”

Collision insurance, which is typically optional unless you are leasing or financing your car, covers damages to your Mitsubishi Lancer Evolution resulting from a collision with another vehicle or object. Comprehensive insurance goes further, covering damages to your vehicle not caused by collisions, such as theft, vandalism, natural disasters, and other incidents.

You might also consider additional coverage options like uninsured/underinsured motorist coverage, medical payments coverage, and personal injury protection. Each of these can provide further financial protection depending on your circumstances. It’s important to balance your coverage needs with your budget when choosing the right options for your Mitsubishi Lancer Evolution.

Tips for Finding Affordable Car Insurance for a Mitsubishi Lancer Evolution

While insuring a high-performance vehicle like the Mitsubishi Lancer Evolution may come with higher premiums, there are several ways to find affordable car insurance rates. Here are some tips to consider:

1. Shop Around: Comparing quotes from multiple insurance companies can help you find the best rates for your Mitsubishi Lancer Evolution. Each insurer may have different criteria and pricing models, so it’s essential to do your research and obtain several quotes.
2. Take Advantage of Discounts: Many insurance companies offer discounts that can help lower your premiums. These may include safe driver discounts, multi-policy discounts, discounts for anti-theft devices or safety features on your Mitsubishi Lancer Evolution, and more. Make sure to explore all available discounts and ask about any that may apply to you.
3. Consider Increasing Your Deductible: Opting for a higher deductible can lower your insurance premiums. However, it’s important to ensure you can comfortably pay the deductible if you need to make a claim.
4. Maintain a Good Credit Score: In many states, insurers use credit scores as a factor in determining insurance rates. Maintaining a good credit score can help you secure lower premiums for your Mitsubishi Lancer Evolution.
5. Bundle Your Insurance Policies: Bundling your car insurance with other policies, such as homeowners or renters insurance, with the same insurer can lead to significant discounts.

By following these tips and exploring all available options, you can improve your chances of finding affordable car insurance for your Mitsubishi Lancer Evolution.

Comparing Car Insurance Quotes for a Mitsubishi Lancer Evolution

When shopping for car insurance for your Mitsubishi Lancer Evolution, it’s crucial to compare quotes from multiple insurance companies. Each insurer has its own pricing model and criteria for determining rates, so obtaining quotes from different providers can help you identify the best coverage options at the most competitive prices.

When comparing quotes, it’s important to look beyond the premiums and consider the level of coverage provided. Evaluate the deductibles, coverage limits, and any additional benefits or discounts offered by each insurance company. It’s also essential to consider the insurer’s reputation for customer service and their financial stability, as you want to ensure they can provide the support you need in case of a claim.

By dedicating time to compare car insurance quotes, you can make an informed decision and secure the best coverage options for your Mitsubishi Lancer Evolution at a reasonable price.

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The Average Cost of Mitsubishi Lancer Evolution Car Insurance in Different States

The cost of car insurance for a Mitsubishi Lancer Evolution can vary significantly depending on the state you reside in. Insurance rates are influenced by state-specific factors, such as the frequency and severity of accidents, local crime rates, and the overall cost of living in the area.

States with higher population densities, such as California and New York, tend to have higher insurance rates for high-performance vehicles like the Mitsubishi Lancer Evolution. Additionally, states with a high number of uninsured drivers may also experience higher insurance premiums.

It’s important to note that insurance rates are also influenced by personal factors such as age, driving history, and the specific coverage options chosen. Therefore, while state averages can provide a general idea, individual rates may vary. For additional details, explore our comprehensive resource titled “How much is car insurance?“

If you are curious about the average cost of Mitsubishi Lancer Evolution car insurance in your state, it’s recommended to reach out to insurance providers and request personalized quotes. This will give you a more accurate estimate based on your specific circumstances.

Common Mistakes to Avoid When Purchasing Car Insurance for a Mitsubishi Lancer Evolution

When purchasing car insurance for your Mitsubishi Lancer Evolution, it’s essential to avoid common mistakes that can potentially lead to higher premiums or inadequate coverage. Here are a few mistakes to steer clear of:

1. Not Comparing Quotes: Failing to obtain quotes from multiple insurance companies can result in missed opportunities for better coverage and lower rates. Comparing quotes allows you to make an informed decision and find the best insurance options for your Mitsubishi Lancer Evolution.
2. Overlooking Discounts: Many insurance companies offer various discounts that can significantly reduce your premiums. Be sure to inquire about available discounts and take advantage of any that apply to you, such as safe driver discounts or multi-policy discounts. Discover insights in our guide titled “Lesser Known Car Insurance Discounts.”
3. Underinsuring Your Mitsubishi Lancer Evolution: While it may be tempting to reduce coverage to lower premiums, it’s important not to underinsure your high-performance vehicle. In the event of an accident or damage, inadequate coverage can leave you with significant out-of-pocket expenses. Assess your coverage needs carefully and aim for adequate protection.
4. Not Disclosing Modifications: If you have made modifications or upgrades to your Mitsubishi Lancer Evolution, be sure to disclose them to your insurance provider. Failing to do so can result in denied claims or disputes when filing for coverage. Accurate and transparent information is essential to ensure proper coverage.

Avoiding these common mistakes can help you secure appropriate coverage and obtain the best insurance rates for your Mitsubishi Lancer Evolution.

How Modifications and Upgrades Impact the Cost of Mitsubishi Lancer Evolution Car Insurance

Modifications and upgrades made to a Mitsubishi Lancer Evolution can significantly impact the cost of car insurance. Insurers may view certain modifications as increasing the risk of accidents or theft, and thus charge higher premiums accordingly.

Common modifications that can affect insurance rates include engine modifications, aftermarket exhaust systems, body kit installations, and upgraded braking systems. Insurers consider these modifications as altering the vehicle’s original specifications, potentially increasing the likelihood of accidents or theft.

When insuring a modified Mitsubishi Lancer Evolution, it’s crucial to inform your insurance company about the modifications made. Failing to disclose modifications can lead to disputes when it comes to filing claims or obtaining proper coverage. Unlock details in our guide titled “The Real Costs Associated With Buying a New Car.”

Insurance companies have different policies regarding modifications, and some may specialize in insuring modified vehicles.

If you have made significant modifications to your Mitsubishi Lancer Evolution, it’s advised to seek out insurers that are knowledgeable about and willing to provide coverage for modified cars. They can accurately assess the risk associated with your specific modifications and provide appropriate coverage options.

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Exploring Discounts and Savings Opportunities for Mitsubishi Lancer Evolution Car Insurance

When it comes to insuring a Mitsubishi Lancer Evolution, there may be several discounts and savings opportunities available that can help lower your insurance premiums. Here are some common discounts to consider:

1. Safe Driver Discounts: Insurance companies often reward safe driving habits by offering discounts to drivers with clean records and no recent accidents or traffic violations. Maintaining a good driving record can help you qualify for these discounts and potentially reduce your premiums.
2. Multi-Policy Discounts: If you have other insurance policies, such as homeowners or renters insurance, you may be eligible for a multi-policy discount by bundling your car insurance with these other policies. This can lead to significant savings in the form of reduced premiums.
3. Anti-Theft Device Discounts: Installing anti-theft devices, such as car alarms, immobilizers, or GPS trackers, on your Mitsubishi Lancer Evolution can help deter theft and lower your insurance rates. Inquire with your insurance provider about any available discounts for anti-theft devices.
4. Good Student Discounts: If you are a student and maintain good grades, you may be eligible for a good student discount. This discount recognizes responsible behavior and can result in lower insurance premiums.
5. Defensive Driving Course Discounts: Completing a defensive driving course can improve your driving skills and knowledge of safe driving practices. Insurance companies often offer discounts to drivers who have taken a recognized defensive driving course.

Remember to ask your insurance provider about any available discounts and savings opportunities specific to Mitsubishi Lancer Evolution car insurance. By exploring these options, you can potentially reduce your insurance costs and secure more affordable coverage. To find out more, explore our guide titled “Best Safe Driver Car Insurance Discounts.”

Is Full Coverage Insurance Necessary for a Mitsubishi Lancer Evolution

Whether full coverage car insurance is necessary for a Mitsubishi Lancer Evolution depends on several factors, including personal preferences, the vehicle’s value, financing or leasing requirements, and the driver’s tolerance for risk.

Full coverage insurance typically includes both comprehensive and collision coverage, in addition to liability insurance. While liability insurance is generally required by law, comprehensive and collision coverage are typically optional.

It’s important to assess the value of your Mitsubishi Lancer Evolution and consider the potential costs of repairs or replacement in case of an accident or other covered incident. If your vehicle has a high value or you have financing or leasing requirements that specify full coverage, purchasing comprehensive and collision coverage may be necessary.

Teen driving can be a wild ride. But if you cover them with Progressive, you could at least get a discount. And maybe some sleep. pic.twitter.com/yXv7l8LOOd

— Progressive (@progressive) June 26, 2024

However, if you own your Mitsubishi Lancer Evolution outright and it has a lower market value, you may choose to opt for liability insurance only. This decision comes with the understanding that you would have to bear out-of-pocket expenses for repairs or replacement in case of any damage not caused by another party.

Ultimately, the decision to purchase full coverage insurance for a Mitsubishi Lancer Evolution is a personal one that should be based on careful consideration of your specific circumstances and preferences.

The Importance of Comprehensive Coverage for a Mitsubishi Lancer Evolution

Comprehensive coverage is an essential aspect of car insurance for a Mitsubishi Lancer Evolution. This type of coverage protects against damages not caused by a collision, such as theft, vandalism, natural disasters, or damage from falling objects. Access comprehensive insights into our guide titled, “What is Affordable coverage?”

For high-performance vehicles like the Mitsubishi Lancer Evolution, which can attract attention and potentially be at a higher risk of theft or vandalism, comprehensive coverage is particularly important. It provides peace of mind knowing that you are protected against these types of non-collision incidents.

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— Progressive (@progressive) April 9, 2024

While comprehensive coverage is generally optional, it may be required if you have financing or leasing agreements for your car. Lenders and lessors often require borrowers to maintain comprehensive coverage to protect the value of the vehicle.

When determining the level of comprehensive coverage you need for your Mitsubishi Lancer Evolution, it’s essential to consider the vehicle’s value, your financial situation, and the potential risks in your area. Assessing these factors will help you make an informed decision and ensure adequate protection for your high-performance car.

Finding affordable car insurance doesn’t have to be a challenge. Enter your ZIP code below into our free comparison tool to find the lowest prices in your area.

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