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.

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

Average premium for full coverage: $1,246

Premium estimates by type of coverage:

Rate estimates include $500 deductible amounts, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Rates include averaging for all 50 U.S. states and Lancer models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on car insurance rates. Rural areas are statistically proven to have more infrequent comprehensive and collision claims than congested cities.

The graphic below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences highlight why all drivers should compare rates quotes based on a specific location and their own driving history, rather than using rate averages.

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

More Rate Information

The chart below breaks down 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 every year
• The average price for a 40-year-old good driver with $500 deductibles is $1,246
• Buying low deductibles costs an extra $272 each year
• Unlucky drivers with multiple tickets or accidents could pay upwards of $2,692 or more
• An auto insurance policy to insure a teenage driver may cost $4,802

Auto insurance prices for a Mitsubishi Lancer also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the trim level of your Lancer.

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

More mature drivers with a good driving record and higher deductibles may only pay around $1,200 every 12 months on average, or $100 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will have to pay upwards of $4,800 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying at a minimum $1,500 to $2,100 in extra premium annually, depending on your age. Insurance for high-risk drivers is expensive and can cost around 44% to 134% more than the average rate. View High Risk Driver Rates

Where you choose to live also has a big influence on Mitsubishi Lancer insurance rates. A middle-age driver might find prices as low as $960 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,780 on average in Michigan, New York, and Louisiana.

With such a large range in prices, the best way to figure out exactly what you will pay is to do a rate comparison and see how they stack up. Every auto insurance company utilizes a different rate formula, and quoted prices will be substantially 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

Finding better rates on auto insurance consists of having a good driving record, having a good credit score, refrain from filing small claims, and taking advantage of discounts. Set aside time to compare rates once a year by requesting rates from direct car insurance companies, and also from your local independent and exclusive agents.

The next list is a brief recap of the data that was covered above.

• You may be able to save as much as $150 per year simply by quoting online in advance
• Consumers who require increased levels of liability coverage will pay around $510 per year to raise from 30/60 bodily injury limits to a 250/500 level
• Drivers age 20 and younger are charged the highest prices, with the cost nearing $400 per month if comprehensive and collision insurance is included
• Drivers who tend to receive serious violations may pay on average $1,450 more each year to buy Mitsubishi Lancer insurance

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.