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.

Average auto insurance rates for a Mitsubishi Lancer are $1,246 annually with full coverage. Comprehensive insurance costs around $242 each year, collision costs $382, and liability costs $464. Liability-only coverage costs as little as $514 a year, with high-risk coverage costing $2,692 or more. Teens receive the highest rates at $4,802 a year or more.

Average premium for full coverage: $1,246

Rate estimates for individual coverage type:

Full coverage includes $500 policy deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and Lancer models.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on insurance rates. Areas with sparse population tend to have fewer collision claims than cities with more traffic congestion.

The graphic below illustrates how location impacts auto insurance rates.

These examples demonstrate why all drivers should compare rates for a specific zip code and their own personal driving habits, instead of making a decision based on averaged prices.

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

Detailed Rate Analysis

The chart below details estimated Mitsubishi Lancer insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $732
• Drivers who choose higher $1,000 deductibles will pay about $142 annually
• The estimated rate for a 40-year-old driver using $500 deductibles is $1,246
• Selecting low deductibles for comprehensive and collision insurance costs an additional $272 annually
• Drivers with serious driving violations could pay at least $2,692 or more
• The cost with full coverage for a 16-year-old driver can be $4,802 a year

Car insurance rates for a Mitsubishi Lancer can also vary considerably based on the trim level of your Lancer, your driving record, and deductibles and policy limits.

More mature drivers with no driving violations and high physical damage deductibles may pay as low as $1,200 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will be charged as much as $4,800 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out at least $1,500 to $2,100 extra per year, depending on your age. Insurance for high-risk drivers can cost from 44% to 134% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $420 annually, whereas increasing liability limits will increase rates. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $417 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Mitsubishi Lancer insurance prices. A 40-year-old driver could pay as low as $900 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,680 on average in Florida, Michigan, and New York.

With so much variability in rates, the best way to find out your exact price is to do a rate comparison from multiple companies. Every company calculates rates differently, so rate quotes can be significantly different between companies.

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 Buy More Affordable Mitsubishi Lancer Insurance

Saving money on insurance for a Mitsubishi Lancer not only requires being a good driver, but also having a good credit score, eliminating unnecessary coverage, and qualifying for all possible discounts. Spend time shopping around at least every other year by obtaining price quotes from direct companies like Progressive and GEICO, and also from local exclusive and independent agents.

The following list is a summary of the car insurance concepts touched on above.

• Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,450 more every year than a safer driver
• You may be able to save up to $150 per year simply by quoting online in advance
• Increasing deductibles could save up to $425 each year
• Insureds who may need an increased level of liability coverage will pay approximately $510 every year to go from a minimum limit to higher 250/500 limits

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.