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Mitsubishi Lancer Insurance Rates [Comprehensive Guide]

Mitsubishi Lancer insurance rates cost $1,516 a year, or around $126 a month on average. A liability-only policy costs around $609 a year. Good drivers can save as much as $2,338 a year over higher-risk drivers.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Jul 25, 2020

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Key takeaways:

  • Full coverage costs around $1,516 a year or $126 each month
  • A liability-only policy costs around $608 a year or $51 each month
  • Highest rates are for teenage drivers at around $5,541 a year or $462 each month
  • Good drivers can save as much as $625 a year by earning policy discounts
  • Mitsubishi Lancer insurance costs around $3 less per year than the average vehicle

Mitsubishi Lancer insurance rates are right around the average for vehicles in the country with full coverage costing around $1,516 a year or $126 a month. The highest rates are for teens who will pay around $5,541 a year or $462 a month.

Good drivers can save up to $625 a year in policy discounts by remaining safe and claim-free. Let’s take a closer look at Mitsubishi Lancer insurance rates, crash test ratings, and more.

You can start comparing quotes for Mitsubishi Lancer car insurance rates from some of the best car insurance companies by using our free online tool now.

Mitsubishi Lancer Insurance Cost

The average Mitsubishi Lancer car insurance costs are $1,516 a year or $126 a month.

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Are Mitsubishi Lancers Expensive to Insure?

The chart below details how Mitsubishi Lancer insurance rates compare to other sedans like the Volkswagen Passat, Honda Accord, and Toyota Avalon.

Vehicle Comprehensive Collision Liability Total
Volkswagen Passat $332 $600 $390 $1,480
Honda Accord $280 $500 $372 $1,310
Toyota Avalon $320 $536 $338 $1,330
Mazda 3 $308 $562 $372 $1,400
Cadillac CTS $320 $626 $398 $1,502
Audi S4 $370 $744 $338 $1,588

However, there are a few things you can do to find the cheapest Mitsubishi insurance rates online.

What Impacts the Cost of Mitsubishi Lancer Insurance?

The Mitsubishi Lancer trim and model you choose can impact the total price you will pay for Mitsubishi Lancer car insurance coverage.

Age of the Vehicle

Older Mitsubishi Lancer models generally cost less to insure. For example, auto insurance for a 2017 Mitsubishi Lancer costs $1,516, while 2010 Mitsubishi Lancer insurance costs are $1,246, a difference of $270.

Model Year Comprehensive Collision Liability Total
2017 Mitsubishi Lancer $332 $610 $416 $1,516
2016 Mitsubishi Lancer $320 $586 $430 $1,494
2015 Mitsubishi Lancer $304 $564 $442 $1,468
2014 Mitsubishi Lancer $292 $524 $452 $1,426
2013 Mitsubishi Lancer $280 $494 $456 $1,388
2012 Mitsubishi Lancer $268 $442 $460 $1,328
2011 Mitsubishi Lancer $250 $408 $460 $1,276
2010 Mitsubishi Lancer $242 $382 $464 $1,246

Driver Age

Driver age can have a significant impact on the cost of Mitsubishi Lancer auto insurance. For example, 20-year-old drivers pay approximately $1,854 each year for their Mitsubishi Lancer auto insurance than 30-year-old drivers.

Driver Location

Where you live can have a large impact on Mitsubishi Lancer insurance rates. For example, drivers in Los Angeles may pay $216 a year more than drivers in Houston.

Your Driving Record

Your driving record can have an impact on the cost of Mitsubishi Lancer car insurance. Teens and drivers in their 20’s see the highest jump in their Mitsubishi Lancer car insurance with violations on their driving record.

Mitsubishi Lancer Safety Ratings

Your Mitsubishi Lancer auto insurance rates are influenced by the Mitsubishi Lancer’s safety ratings. See the breakdown below:

Test Type Rating
Small overlap front: driver-side Acceptable
Small overlap front: passenger-side Not Tested
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety

Mitsubishi Lancer Crash Test Ratings

Good Mitsubishi Lancer crash test ratings can lower your Mitsubishi Lancer auto insurance rates. See Mitsubishi Lancer crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2017 Mitsubishi Lancer 4 DR FWD 4 stars 4 stars 4 stars 4 stars
2017 Mitsubishi Lancer 4 DR AWD 4 stars 4 stars 4 stars 4 stars
2016 Mitsubishi Lancer 4 DR FWD 4 stars 4 stars 4 stars 4 stars
2016 Mitsubishi Lancer 4 DR AWD 4 stars 4 stars 4 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration

Mitsubishi Lancer Safety Features

The Mitsubishi Lancer safety features play a vital role in keeping passengers safe in crashes, but they can also help lower your Mitsubishi Lancer auto insurance rates. The Mitsubishi Lancer’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Integrated Turn Signal Mirrors
  • Traction Control

Mitsubishi Lancer Insurance Loss Probability

Another contributing factor that affects Mitsubishi Lancer car insurance rates is the loss probability for each type of coverage.

Insurance Coverage Category Loss Rate
Collision 53%
Property Damage 46%
Comprehensive 27%
Personal Injury 92%
Medical Payment 118%
Bodily Injury 72%
Source: Insurance Institute for Highway Safety

Mitsubishi Lancer Finance and Insurance Cost

If you are financing a Mitsubishi Lancer, you will pay more if you purchase Mitsubishi Lancer auto insurance at the dealership, so be sure to shop around and compare Mitsubishi Lancer auto insurance quotes from the best companies using our FREE tool below.

Enter your zip code below to view companies that have cheap auto insurance rates.

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Ways to Save on Mitsubishi Lancer Insurance

There are several ways you can save even more on your Mitsubishi Lancer car insurance rates. Take a look at the following five tips:

  • Re-Check Mitsubishi Lancer Quotes Every 6 Months
  • Understand that Your Insurer Can Change Your Mitsubishi Lancer Auto Insurance Rates Mid-Term for Other Reasons
  • Remove Unnecessary Insurance Once Your Mitsubishi Lancer is Paid Off
  • Purchase a Roadside Assistance Program for Your Mitsubishi Lancer
  • Avoid the Temptation to File a Claim for Minor Incidents

Top Mitsubishi Lancer Insurance Companies

Who is the top car insurance company for Mitsubishi Lancer insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Mitsubishi Lancer auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Mitsubishi Lancer offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute

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About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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