Compare Cheap Mitsubishi Lancer Insurance Quotes

If you want to buy Mitsubishi Lancer insurance coverage then a policy will cost $126 per month ($1,516 per year) on average. Mature drivers with good driving records may find rates as low as $891 a year.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 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 car insurance rates are influenced by a number of factors, such as the age of the driver. Mature drivers with clean records have the most favorable rates, while teenagers pay the most at $5,541 a year, or $462 each month.

In order to help you understand how Mitsubishi Lancer insurance rates are determined, we have constructed this helpful article. Read through it to learn how to find cheap Mitsubishi Lancer rates that won’t hurt your wallet.

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 auto insurance rates for a Mitsubishi Lancer cost $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 MINI Hardtop 4 Door, Buick Regal, and Nissan Maxima.

Vehicle Comprehensive Collision Liability Total
MINI Hardtop 4 Door $294 $566 $398 $1,416
Buick Regal $306 $536 $398 $1,398
Nissan Maxima $372 $630 $390 $1,550
Lincoln MKZ $320 $686 $450 $1,636
Subaru Legacy $370 $506 $338 $1,350
Chevrolet Cruze $308 $594 $372 $1,432
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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?

You might have noticed that there is a multitude of factors that impact Mitsubishi Lancer car insurance rates. Your age, location, driving record, and model year all play a role in what you will ultimately pay to insure the Mitsubishi Lancer.

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
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Driver Age

Driver age can have a significant impact on the cost of Mitsubishi Lancer auto insurance. For example, 20-year-old drivers pay as much as $1,921 more each year for their Mitsubishi Lancer auto insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Mitsubishi Lancer insurance rates. For example, drivers in Houston may pay $1,118 a year more than drivers in Columbus.

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 rates with violations on their driving record.

Mitsubishi Lancer Safety Ratings

Your Mitsubishi Lancer car insurance rates are tied to the safety ratings of the Mitsubishi Lancer. See the breakdown below:

Test Type Rating
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
Source: Insurance Institute for Highway Safety
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Mitsubishi Lancer Crash Test Ratings

Mitsubishi Lancer crash test ratings will affect your Mitsubishi Lancer car insurance rates.

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
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Mitsubishi Lancer Safety Features

Having a variety of safety features on your Mitsubishi Lancer can help lower your Mitsubishi Lancer insurance costs. 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

The lower percentage means lower Mitsubishi Lancer car insurance rates; higher percentages mean higher Mitsubishi Lancer auto insurance rates. Insurance loss probability on the Mitsubishi Lancer fluctuates between 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
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Mitsubishi Lancer Finance and Insurance Cost

If you are financing a Mitsubishi Lancer, most lenders will require your carry higher Mitsubishi Lancer coverage options including comprehensive coverage, so be sure to shop around and compare Mitsubishi Lancer car insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Mitsubishi Lancer Insurance

You have more options at your disposal to save money on your Mitsubishi Lancer car insurance costs. For example, try these five tips:

  • Move to an Area with a Lower Cost of Living
  • Make Sure You’re Raising a Safe Driver
  • Spy on Your Teen Driver
  • Buy a Dashcam for Your Mitsubishi Lancer
  • Carpool to Work Instead of Driving Your Mitsubishi Lancer

Top Mitsubishi Lancer Insurance Companies

Several insurance companies offer competitive rates for the Mitsubishi Lancer based on factors like discounts for safety features. Take a look at these top car insurance companies that are popular with Mitsubishi Lancer drivers organized by market share.

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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Compare Free Mitsubishi Lancer Insurance Quotes Online

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.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

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Average Monthly Car Insurance Rates by State