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.

The average auto insurance rates for a Mitsubishi Lancer are $1,246 annually for full coverage insurance. Comprehensive insurance costs approximately $242, collision costs $382, and liability insurance is $464. A liability-only policy costs around $514 a year, with high-risk insurance costing $2,692 or more. Teens cost the most to insure at $4,802 a year or more.

Average premium for full coverage: $1,246

Policy rates by type of insurance:

Price estimates include $500 deductible amounts, 30/60 split liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 states and for all Lancer models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on the price of auto insurance. Rural locations are shown to have fewer physical damage claims than cities with more traffic congestion.

The example below illustrates how rural and urban location affects auto insurance prices.

The examples above illustrate why everyone should compare rates quotes using their specific location and their own personal driving habits, rather than relying on averaged prices.

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

Additional Rate Analysis

The chart below illustrates estimated Mitsubishi Lancer insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $732
• Raising to $1,000 deductibles will save $142 each year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,246
• Selecting pricier low deductibles costs an additional $272 a year
• Higher-risk drivers with serious driving violations could pay around $2,692 or more
• Policy cost with full coverage for a teen driver for full coverage can cost $4,802

Car insurance rates for a Mitsubishi Lancer also range considerably based on the model year and trim level, your risk profile, and physical damage deductibles and liability limits.

A more mature driver with no driving violations and high physical damage deductibles could pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged in the ballpark of $4,800 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are probably paying anywhere from $1,500 to $2,100 extra every year, depending on your age. Mitsubishi Lancer insurance for high-risk drivers is expensive and can cost anywhere from 44% to 134% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $420 each year, whereas buying more liability protection will push rates upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $417 extra every 12 months. View Rates by Deductible or Liability Limit

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

Because rates have so much variability, the only way to figure out who has the best car insurance rates is to regularly compare rates from as many companies as possible. Every auto insurance company calculates rates differently, so rate quotes will be varied 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 Cheaper Mitsubishi Lancer Insurance

Finding cheaper rates on Mitsubishi Lancer insurance consists of having a good driving record, having a good credit score, being claim-free, and avoiding coverage lapses. Set aside time to shop around at least every other year by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The next list is a condensed summary of the car insurance concepts raised in the charts and tables above.

• High-risk drivers with multiple at-fault accidents could be forced to pay on average $1,450 more per year to buy Mitsubishi Lancer insurance
• It is possible to save around $150 per year simply by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles could save up to $425 each year
• Drivers who purchase increased levels of liability coverage will pay approximately $510 annually to raise from a 30/60 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.