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.

Average insurance rates for a Mitsubishi Lancer are $1,224 a year including full coverage. Comprehensive insurance costs around $236 each year, collision costs $356, and liability is $474. Liability-only coverage costs around $522 a year, with high-risk coverage costing $2,640 or more. 16-year-old drivers receive the highest rates at $4,736 a year or more.

Average premium for full coverage: $1,224

Rate estimates for individual coverage type:

Rate estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Lancer models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on the price of insurance. Areas with sparse population tend to have a lower frequency of comprehensive and collision claims than congested cities.

The graphic below illustrates how location helps determine auto insurance rates.

These examples highlight why all drivers should compare rates quotes for a specific zip code and risk profile, instead of using rate averages.

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

Detailed Rate Analysis

The chart below breaks down estimated Mitsubishi Lancer insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $723
• Raising to $1,000 deductibles will save about $134 every year
• The average rate for a 40-year-old driver using $500 deductibles is $1,224
• Buying low deductibles will cost an extra $260 every year
• At-risk drivers with multiple tickets or accidents could pay at least $2,640 or more
• The cost for full coverage for a teen driver can be $4,736

Car insurance rates for a Mitsubishi Lancer can also vary considerably based on your driver profile, the model of your Lancer, and deductibles and policy limits.

More mature drivers with no driving violations and high deductibles may pay as little as $1,100 every 12 months on average for full coverage. Rates are highest for teen drivers, where even good drivers will be charged as much as $4,700 a year. View Rates by Age

Where you live also has a big influence on Mitsubishi Lancer insurance prices. 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 every year, whereas increasing liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will cost as much as $426 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying at least $1,400 to $2,000 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 42% to 128% more than the average rate. View High Risk Driver Rates

With so much variability in rates, the best way to figure out your exact price is to do a rate comparison and see which company has the best rate. Every auto insurance company utilizes a different rate formula, so rate quotes can be significantly different from one company to the next.

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 the Best Mitsubishi Lancer Insurance

Saving money on car insurance consists of having a good driving record, having above-average credit, not filing small claims, and qualifying for all possible discounts. Invest time comparing rates every other policy renewal by obtaining price quotes from direct car insurance companies like GEICO and Progressive, and also from several local insurance agents.

The next list is a brief recap of the ideas that were covered in the charts and tables above.

• Drivers age 20 and younger are the costliest to insure, as much as $395 per month if full coverage is included
• Higher risk drivers who tend to receive serious violations pay on average $1,420 more every year to buy Mitsubishi Lancer insurance
• Increasing deductibles can save around $400 each year
• You may be able to save up to $140 per year simply by quoting online in advance

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.