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 $1,276 annually for full coverage insurance. Comprehensive insurance costs around $250, collision costs $408, and liability is $460. Liability-only coverage costs around $510 a year, with high-risk coverage costing $2,756 or more. Teen drivers receive the highest rates at $4,894 a year or more.

Average premium for full coverage: $1,276

Rate estimates for individual coverage type:

Full coverage includes $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 states and for all Lancer models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on car insurance rates. Areas with sparse population tend to have fewer physical damage claims than larger metro areas.

The example below illustrates how location impacts auto insurance rates.

These examples illustrate why everyone should compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based on price averages.

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

Additional Rate Information

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

• The lowest rate with discounts is $747
• Raising to $1,000 deductibles will save about $150 each year
• The estimated rate for a 40-year-old driver using $500 deductibles is $1,276
• Choosing pricier low deductibles costs an additional $288 annually
• Drivers with multiple violations and an at-fault accident could pay at least $2,756 or more
• The cost with full coverage for a 16-year-old driver for full coverage can be $4,894

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

A more mature driver with no driving violations and high physical damage deductibles may pay as low as $1,200 every 12 months on average for full coverage. Rates are highest 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 are probably paying at least $1,500 to $2,100 extra per year, depending on your age. Mitsubishi Lancer insurance for high-risk drivers is expensive and can cost from 43% to 131% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce rates by up to $440 annually, whereas buying more liability protection will increase rates. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $414 extra every 12 months. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Mitsubishi Lancer insurance prices. A middle-age driver might find rates as low as $840 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,720 on average in Michigan, New York, and Florida.

With so much variability in rates, the only way to figure out your exact price is to regularly compare rates from multiple companies. Every auto insurance company uses a different rate calculation, 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 consists of having a decent driving record, having a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Spend time shopping around every other policy renewal by getting rate quotes from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.

The following items are a summary of the ideas that were touched on above.

• 16 to 18-year-old drivers are the costliest to insure, costing up to $408 per month if comprehensive and collision insurance is included
• Drivers considered higher risk who have multiple accidents or major violations pay on average $1,480 more every year than a driver with a clean driving record
• Increasing deductibles could save up to $450 each year
• It is possible to save up to $150 per year simply by quoting online well ahead of the renewal date

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.