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 rates for a Mitsubishi Lancer are $1,246 a year including full coverage. Comprehensive insurance costs an estimated $242 each year, collision costs $382, and liability 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 broken down by type of coverage:

Prices are based on $500 deductible amounts, minimum liability limits, and includes additional medical/uninsured 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 can have significant affects on the price of auto insurance. More rural locations are statistically proven to have lower incidents of comprehensive and collision claims than congested cities.

The graphic below illustrates how where you live affects insurance prices.

These rate differences highlight why all drivers should compare rates quotes for a targeted area, instead of using rate averages.

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

Additional Rate Analysis

The chart below breaks down estimated Mitsubishi Lancer insurance rates for other coverage scenarios.

• The best full coverage rate is $732
• Raising to $1,000 deductibles will save approximately $142 every year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,246
• Buying low deductibles will cost an additional $272 every year
• At-risk drivers with multiple tickets or accidents could pay up to $2,692 or more
• An auto insurance policy that insures a teen driver can cost as much as $4,802

Auto insurance prices for a Mitsubishi Lancer also have a wide range based on the trim level and model year, your driving record and age, and liability limits and deductibles.

If you have a few violations or you caused an accident, you are likely paying $1,500 to $2,100 in extra premium annually, 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

More mature drivers with a good driving record and higher comprehensive and collision deductibles may pay as little as $1,200 every 12 months on average, or $100 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will have to pay at least $4,800 a year. View Rates by Age

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

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

With such a large range in prices, the best way to figure out which insurance company is cheapest is to do a rate comparison and see which company has the best price. 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 Find Affordable Mitsubishi Lancer Insurance

Finding better rates on car insurance consists of having a good driving record, maintaining a good credit score, refrain from filing small claims, and qualifying for all possible discounts. Comparison shop every couple of years by obtaining price quotes from direct car insurance companies, and also from your local car insurance providers.

The next list is a brief review of the material that was touched on in the above illustrations.

• Policyholders who want increased levels of liability coverage will pay around $510 per year to raise from 30/60 bodily injury limits to the 250/500 level
• Drivers age 20 and younger are the costliest to insure, with the cost nearing $400 per month if the policy includes full coverage
• Higher risk drivers with DUI or reckless driving convictions could be charged and average of $1,450 more annually to buy Mitsubishi Lancer insurance
• Increasing policy deductibles can save approximately $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.