Mitsubishi Lancer Insurance Rates

It might seem like a difficult task when you begin shopping around for Mitsubishi Lancer Evolution insurance rates. You should know that the average Mitsubishi Evo price range comes to $1,598 a year for full insurance coverage.

There are several individual factors that ultimately make up your rate, such as the specific model you drive. For example, Evo 9 insurance costs are different than Mitsubishi Evo 8 insurance rates because there are differences between the two.

We have prepared this in-depth guide to help you as you begin your search for Mitsubishi Lancer Evolution insurance. By reading through it, you will learn helpful information as it pertains to securing a policy that meets your needs and budget.

Take advantage of our free online quote tool to start comparing Lancer Evo insurance rates now.

U.S. average insurance prices for a Mitsubishi Lancer are $1,246 every 12 months for full coverage insurance. Comprehensive costs on average $242 each year, collision costs $382, and liability is $464. A policy with just liability insurance costs around $514 a year, with coverage for high-risk drivers costing around $2,692. 16-year-old drivers pay the highest rates at $4,802 a year or more.

Average premium for full coverage: $1,246

Price estimates by individual coverage:

Rate estimates include $500 policy deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and Lancer models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on insurance rates. Rural areas have more infrequent physical damage claims than congested cities.

The graphic below illustrates how your location can change car insurance rates.

The ranges above illustrate why all drivers should compare rates quotes based on a specific location and their own driving history, instead of using rate averages.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below illustrates estimated Mitsubishi Lancer insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $732
• Raising to $1,000 deductibles will save around $142 each year
• The average price for the average middle-age driver with $500 deductibles is $1,246
• Buying low deductibles increases the price to $1,518
• At-risk drivers with multiple tickets or accidents could pay upwards of $2,692 or more
• The price to insure a teen driver may cost $4,802

Insurance prices for a Mitsubishi Lancer are also quite variable based on deductibles and policy limits, your risk profile, and the trim level of your Lancer.

Opting for high physical damage deductibles can reduce prices by up to $420 every year, whereas increasing liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $417 more per year. View Rates by Deductible or Liability Limit

More mature drivers with a clean driving record and higher deductibles may pay as little as $1,200 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay upwards of $4,800 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are probably paying at a minimum $1,500 to $2,100 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 44% to 134% more than the average rate. View High Risk Driver Rates

The state you live in also has a big influence on Mitsubishi Lancer insurance prices. A middle-age driver might find prices as low as $820 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,680 on average in Michigan, New York, and Florida.

Since prices can be so different, the only way to figure out exactly what you will pay is to do a rate comparison and see which company has the best price. Every auto insurance company utilizes a different rate formula, so the prices may be quite different.

Insurance Rates by Trim Level and Model Year

Rates assume 2015 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Shop for the Best Mitsubishi Lancer Insurance

Getting lower rates on car insurance consists of being a good driver, having good credit, not filing small claims, and bundling your home and auto policies. Invest the time to shop around every couple of years by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following list is a brief recap of the material that was illustrated above.

• Policyholders who require an increased level of liability coverage will pay around $510 annually to raise from a low limit to a 250/500 level
• Drivers age 16 to 20 pay the highest prices, as much as $400 a month if they have full coverage
• Higher risk drivers who tend to receive serious violations pay on average $1,450 more each year than a safer driver
• Increasing physical damage deductibles could save as much as $425 each year

As you can see from some of the information we’ve gone over to this point, there are several individual factors that influence Mitsubishi Lancer Evolution insurance costs.

If you want to bypass the theoretical part of shopping for insurance, take advantage of our free quote tool below to start comparing quotes from multiple companies right now.

What are the safety ratings of the Mitsubishi Lancer Evolution?

When quoting a driver, insurance companies will look at the safety features and ratings of the model you drive. They do this in order to determine the risk of injury to you as well as the risk of damage to your Mitsubishi Lancer Evolution.

One way you can end up saving money on Mitsubishi Evo 8 insurance is by pointing to the fact that it received positive crash test results.

Take a look at the following safety ratings of the Mitsubishi Lancer Evolution as determined by the Insurance Institute for Highway Safety (IIHS).

• Small overlap front (driver-side): Acceptable
• Small overlap front (passenger-side): N/R
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

As you can see from these results, the Mitsubishi Lancer Evolution received mostly favorable marks in all parts of the vehicle that were tested.

Mitsubishi Lancer Evolution Compared Against Other Vehicles in the Same Class

Classified as a small four-door sedan, the Mitsubishi Lancer Evolution is on the lighter end of the weight spectrum. 

While this may pose some problems because smaller vehicles are widely considered to be more dangerous, your Evo 9 insurance cost can still be affordable if it’s safer than other comparable models.

Take a look at the following small sedans to see how their average insurance rates compare to the Mitsubishi Lancer Evolution.

• Chevrolet Cruze
• Nissan Juke
• Toyota Corolla

To this point, we have gone into excessive detail about Mitsubishi Lancer Evo insurance. Do you believe there are any details we might have missed or any topics you want to know more about? If not, be sure to use our free online tool to start comparing Mitsubishi Lancer Evolution insurance quotes from multiple companies today.