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 insurance rates for a Mitsubishi Lancer are $1,224 a year including full coverage. Comprehensive insurance costs on average $236, collision costs $356, and liability insurance is $474. Buying just liability costs around $522 a year, with insurance for high-risk drivers costing $2,640 or more. 16-year-old drivers cost the most to insure at $4,736 a year or more.

Average premium for full coverage: $1,224

Policy rates by type of insurance:

Estimates include $500 physical damage insurance deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 U.S. states and for different Lancer trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas are shown to have lower incidents of comprehensive and collision claims than congested cities.

The price range example below illustrates how location impacts car insurance rates.

The examples above highlight why anyone shopping for car insurance should compare rates quotes based on a specific location, rather than relying on rate averages.

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

Additional Rate Information

The chart below breaks down estimated Mitsubishi Lancer insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $723
• Raising to $1,000 deductibles will save around $134 every year
• The estimated price for a good driver age 40 with $500 deductibles is $1,224
• Buying more expensive low deductibles will cost an additional $260 a year
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,640 or more
• Policy cost that insures a teen driver with full coverage may cost $4,736

Insurance rates for a Mitsubishi Lancer also range considerably based on the model year and trim level, your driving record and age, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you are likely paying at a minimum $1,400 to $2,000 extra every year, depending on your age. High-risk driver insurance is expensive and can cost anywhere from 42% to 128% more than the average rate. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles could pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay upwards of $4,700 a year. View Rates by Age

Your home state also has a big influence on Mitsubishi Lancer insurance rates. A middle-age driver might find rates as low as $940 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,750 on average in Michigan, New York, and Louisiana.

Opting for high physical damage deductibles can reduce rates by up to $400 each year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $426 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to figure out exactly what you will pay is to compare rates from as many companies as possible. Every auto insurance company utilizes a different rate formula, so the rates will be varied.

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 Low Cost Mitsubishi Lancer Insurance

Finding cheaper rates on Mitsubishi Lancer insurance consists of being a low-risk driver, having above-average credit, paying for small claims out-of-pocket, and bundling your home and auto policies. Comparison shop every couple of years by quoting rates from direct car insurance companies, and also from insurance agencies where you live.

The items below are a review of the material that was touched on above.

• Drivers who require more liability coverage will pay around $520 per year to raise from a 30/60 limit to the 250/500 level
• Teen drivers pay the highest rates, with premiums being up to $395 each month if full coverage is included
• High-risk drivers who have several accidents or serious violations could be forced to pay on average $1,420 more each year to insure their Lancer
• Increasing comprehensive and collision deductibles can save approximately $400 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.