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Mitsubishi Lancer Insurance Cost Estimate

Key takeaways:

  • Full coverage costs around $1,516 a year or $126 each month
  • A liability-only policy costs around $608 a year or $51 each month
  • Highest rates are for teenage drivers at around $5,541 a year or $462 each month
  • Good drivers can save as much as $625 a year by earning policy discounts
  • Mitsubishi Lancer insurance costs around $3 less per year than the average vehicle

Mitsubishi Lancer insurance rates are $126 per month for full coverage and $51 per month for liability-only coverage. Read more to learn how you can save money on Mitsubishi Lancer insurance rates.

You can start comparing quotes for Mitsubishi Lancer auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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Mitsubishi Lancer Insurance Cost

The average Mitsubishi Lancer auto insurance rates are $1,516 a year or $126 a month.

Are Mitsubishi Lancers Expensive to Insure?

The chart below details how Mitsubishi Lancer insurance rates compare to other sedans like the Nissan Maxima, Nissan Versa, and Hyundai Elantra.

Vehicle Comprehensive Collision Liability Total
Nissan Maxima $372 $630 $390 $1,550
Nissan Versa $268 $542 $390 $1,358
Hyundai Elantra $280 $562 $372 $1,372
Honda Civic $280 $656 $420 $1,536
Ford Focus $244 $536 $398 $1,336
Infiniti Q50 $344 $686 $398 $1,586
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However, there are a few things you can do to find the cheapest Mitsubishi insurance rates online.

What Impacts the Cost of Mitsubishi Lancer Insurance?

The Mitsubishi Lancer trim and model you choose can impact the total price you will pay for Mitsubishi Lancer insurance coverage.

Age of the Vehicle

The average Mitsubishi Lancer auto insurance rates are higher for newer models. For example, auto insurance for a 2017 Mitsubishi Lancer costs $1,516, while 2010 Mitsubishi Lancer insurance costs are $1,246, a difference of $270.

Model Year Comprehensive Collision Liability Total
2017 Mitsubishi Lancer $332 $610 $416 $1,516
2016 Mitsubishi Lancer $320 $586 $430 $1,494
2015 Mitsubishi Lancer $304 $564 $442 $1,468
2014 Mitsubishi Lancer $292 $524 $452 $1,426
2013 Mitsubishi Lancer $280 $494 $456 $1,388
2012 Mitsubishi Lancer $268 $442 $460 $1,328
2011 Mitsubishi Lancer $250 $408 $460 $1,276
2010 Mitsubishi Lancer $242 $382 $464 $1,246
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Driver Age

Driver age can have a significant impact on the cost of Mitsubishi Lancer auto insurance. For example, 20-year-old drivers pay approximately $1,854 each year for their Mitsubishi Lancer auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Mitsubishi Lancer insurance rates. For example, drivers in Los Angeles may pay $1,303 a year more than drivers in Indianapolis.

Your Driving Record

Your driving record can have an impact on the cost of Mitsubishi Lancer auto insurance. Teens and drivers in their 20’s see the highest jump in their Mitsubishi Lancer auto insurance with violations on their driving record.

Mitsubishi Lancer Safety Ratings

The Mitsubishi Lancer’s safety ratings will affect your Mitsubishi Lancer auto insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side A
Small overlap front: passenger-side Not Tested
Moderate overlap front G
Side G
Roof strength G
Head restraints and seats G
Source: Insurance Institute for Highway Safety
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Mitsubishi Lancer Crash Test Ratings

Mitsubishi Lancer crash test ratings can impact your Mitsubishi Lancer auto insurance rates. See Mitsubishi Lancer crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2017 Mitsubishi Lancer 4 DR FWD 4 stars 4 stars 4 stars 4 stars
2017 Mitsubishi Lancer 4 DR AWD 4 stars 4 stars 4 stars 4 stars
2016 Mitsubishi Lancer 4 DR FWD 4 stars 4 stars 4 stars 4 stars
2016 Mitsubishi Lancer 4 DR AWD 4 stars 4 stars 4 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Mitsubishi Lancer Safety Features

Most drivers don’t realize that not only do Mitsubishi Lancer safety features play a vital role in keeping passengers safe in crashes, but they can also help lower Mitsubishi Lancer auto insurance rates. The Mitsubishi Lancer’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Integrated Turn Signal Mirrors
  • Traction Control

Mitsubishi Lancer Insurance Loss Probability

The lower percentage means lower Mitsubishi Lancer auto insurance costs; higher percentages mean higher Mitsubishi Lancer auto insurance costs. Compare the following Mitsubishi Lancer auto insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury.

Insurance Coverage Category Loss Rate
Collision 53%
Property Damage 46%
Comprehensive 27%
Personal Injury 92%
Medical Payment 118%
Bodily Injury 72%
Source: Insurance Institute for Highway Safety
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Mitsubishi Lancer Finance and Insurance Cost

When financing a Mitsubishi Lancer, most lenders will require your carry higher Mitsubishi Lancer coverage options including comprehensive coverage, so be sure to shop around and compare Mitsubishi Lancer auto insurance rates from the best companies using our FREE tool below.

Ways to Save on Mitsubishi Lancer Insurance

There are many ways that you can save on Mitsubishi Lancer auto insurance to get the best value possible. Below are five scenarios you can explore to help keep your Mitsubishi Lancer auto insurance rates low.

  • Check for Organization-Based Discounts, like Alumni or Employer Discounts
  • Buy Winter Tires for Your Mitsubishi Lancer
  • Get Cheaper Mitsubishi Lancer Insurance Rates as a Full-Time Parent
  • Move to an Area with Better Weather
  • Ask About Discounts for People with Disabilities

Top Mitsubishi Lancer Insurance Companies

Who is the top auto insurance company for Mitsubishi Lancer insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Mitsubishi Lancer auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Mitsubishi Lancer offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Mitsubishi Lancer Insurance Quotes Online

You can start comparing quotes for Mitsubishi Lancer auto insurance rates from some of the best auto insurance companies by using our free online tool now.

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