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 prices for a Mitsubishi Lancer are $1,246 every 12 months for full coverage. Comprehensive insurance costs an estimated $242, collision insurance costs $382, and liability costs around $464. Liability-only coverage costs as low as $514 a year, and high-risk coverage costs $2,692 or more. Teen drivers cost the most to insure at up to $4,802 a year.

Average premium for full coverage: $1,246

Policy rates broken down by type of insurance:

Includes $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all states and for different Lancer trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can have significant affects on insurance rates. More rural locations are shown to have more infrequent accident claims than larger metro areas. The price range example below illustrates how where you live affects insurance prices.

The examples above show why anyone shopping for car insurance should compare prices for a targeted area and their own driving history, instead of using price averages.

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

Detailed Rate Analysis

The chart below shows average Mitsubishi Lancer insurance rates for other coverage scenarios.

• The lowest rate with discounts is $732
• Using higher $1,000 deductibles will save approximately $142 a year
• The average price for a good driver age 40 who has $500 deductibles is $1,246
• Choosing more expensive low deductibles for physical damage coverage costs an extra $272 every year
• Drivers with multiple violations and an at-fault accident could pay up to $2,692
• Policy cost to insure a teen driver with full coverage can cost as much as $4,802 or more

Insurance rates for a Mitsubishi Lancer also range considerably based on liability limits and deductibles, your driver profile, and the model year and trim level.

Choosing high deductibles could cut rates by as much as $420 every year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $417 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may pay as little as $1,200 a year, or $100 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers should be prepared to pay at least $4,800 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying $1,500 to $2,100 additional every year, depending on your age. High-risk driver insurance can be as much as 44% to 134% more than average. View High Risk Driver Rates

Your home state has a huge impact on Mitsubishi Lancer insurance prices. A driver around age 40 might see rates as low as $820 a year in states like Iowa, Maine, and Idaho, or as much as $1,780 on average in New York, Louisiana, and Michigan.

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 Cheapest Mitsubishi Lancer Insurance

Finding cheaper rates on car insurance requires being a safe and courteous driver, having above-average credit, avoid buying unnecessary coverage, and possibly raising deductibles. Take the time to comparison shop at every other renewal by obtaining price quotes from direct carriers, and also from several local insurance agents.

Below is a recap of the concepts that were touched on in the above illustrations.

• Higher risk drivers that have major violations or accidents pay on average $1,450 more annually for auto insurance
• Teenage drivers are expensive to insure, costing up to $400 each month if full coverage is included
• Drivers can save approximately $150 per year just by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $425 each year
• Drivers can save approximately $150 per year just by shopping early and online

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.