Mitsubishi Lancer insurance rates
Shedding light on car insurance prices
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The average insurance costs for a Mitsubishi Lancer is $213 a month — or $2,556 a year. Your actual cost could be more or less depending on your driving record, the number of miles you drive in a year and other factors.
A 2017 Mitsubishi Lancer starts at a base price of $17,795. With the average insurance rate at $2,556 per year, the annual insurance cost–to–base car price ratio is 14.4%.
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The Mitsubishi Lancer has been around since 1973. From 1973 to 2008, there has been over six million models sold worldwide. The compact car is known for its sharp handling, all wheel drive capability and low base price. Mitsubishi will stop production of the Lancer model, by August 2017, to focus more on crossover and SUV models.
Insurance companies determine the insurance cost for a Mitsubishi Lancer based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver’s history and location. Mitsubishi shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. Mitsubishi Lancer shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.
You could save money on car insurance for your Mitsubishi Lancer if it comes equipped with these safety features.
The National Highway Traffic Safety Administration (NHTSA) awarded the Mitsubishi Lancer with a 4-Star Overall Safety Rating. The NHTSA gave four stars, out of five, for all crash tests performed on the Mitsubishi Lancer. The Insurance Institute for Highway Safety (IIHS) rated the small overlap front test as acceptable, the second highest rating. All other crash test performed by IIHS were rated as good, the highest possible rating.
The latest model of the Mitsubishi Lancer include antilock brakes, seat mounted side airbags and electronic stability control.
From a price standpoint, the Mitsubishi Lancer ranks right in the middle of our list of the 360 priciest car models to insure.
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