Mitsubishi Colt insurance group
Find out the average cost of insurance for a Mitsubishi Colt based on the model version, the driver's age and their location.
The Mitsubishi Colt is an affordable supermini vehicle, suitable for first-time drivers. It’s not the most powerful or glamorous vehicle, but it’s one of the more reliable cars on the road with a good fuel economy. In this guide, you’ll discover all you need to know about insuring this vehicle.
What insurance group does the Mitsubishi Colt fall under?
All vehicles are given a specific car insurance group that range from 1 (cheapest) to 50 (most expensive), which helps determine the cost of your premium. Mitsubishi Colt models fall into insurance group ranging between 10 and 26, meaning the car insurance will be on the cheap side compared to other vehicles.
The costs may vary slightly between different Mitsubishi Colt insurance groups, due to a number of different factors related to the vehicle. As an example, a 30-year-old driver in an average postcode could pay around £721 for cover on a Mitsubishi Colt 1.1 CZ1 3d that is in insurance group 10 or around £882 for a Mitsubishi Colt 1.5 CZT Black Hawk 3d that is in insurance group 26. This comparison is a good example of premium pricing when one car is in a much higher insurance group.
Mitsubishi Colt insurance cost by location
The table above shows the average cost of Mitsubishi Colt insurance based on its insurance group and your age. There are other factors that affect the cost of your car insurance premiums though. One of these is your location.
To show the impact of your address, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Mitsubishi Colt 1.1 Black 5d.
- Expensive: £879 (London SE1)
- Average: £743 (Newcastle NE1)
- Cheap: £540 (Galashiels TD1)
Which factors affect my Mitsubishi Colt insurance rate?
Along with its insurance group, here are some other key factors to have the biggest impact on your insurance premium costs:
- Engine type and capacity. A car with a bigger engine will typically cost more to insure. For example, it may cost £855 to insure a Mitsubishi Colt 1.1 CZ1 3d, while you may pay £882 for a Mitsubishi colt 1.5 CZT Black Hawk 3d. So, in this example, you’ll pay £27 more for a Mitsubishi Colt with an engine that’s 0.4 litres bigger.
- Driver location. Your location plays a key role as far as the cost of your insurance. For example, a 30-year-old in central London may pay £932 for insurance for a Mitsubishi Colt 1.3 CZ2 3d, while the same 30-year-old in Newcastle may only pay £781. Motorists in London are more likely to make a claim than those in Newcastle and that’s why the price is so much more to insure a Mitsubishi Colt there.
- Driver age. Statistically, the youngest drivers represent the biggest risk to insurers, and that’s why they are likely to pay more insurance. The average 20-year-old driver in London may pay £1,689 for the Mitsubishi Colt 1.5 Elegance 5d Auto, while the average 40-year-old Londoner will only pay £885. This obscene difference between these two ages is relatively normal regardless of the car being insured.
Other factors that influence the cost of your insurance include:
- Your driving history and activity;
- Your no-claims discount;
- Your annual mileage;
- Your car’s security and any extra anti-theft precautions;
- Your marital status;
- Your credit history and job;
- Your car’s safety rating score;
- The model and age of your car.
How can I save on my Mitsubishi Colt premiums?
Whilst car insurance is a compulsory purchase, you don’t need it to empty your bank account. Here are some ideas to help you lower the cost of your premium.
- Limit your car usage (where possible). You’ll be asked for your annual mileage when applying for car insurance. The lower your mileage, the less you’ll pay for your insurance premiums.
- Pay annually rather than monthly. If you choose to pay annually, you will avoid having to pay interest on your premiums.
- Install extra safety precautions. These will make you less of a risk in the eyes of an insurance company, and they will be happy to lower your premium as a result.
- Don’t just accept your renewal quote. Shop around for the best deal when it is time to renew your insurance. There is likely to be a cheaper deal than what’s offered by your current provider.
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