Buy Cheap Mitsubishi Auto Insurance in 2024
Mitsubishi drivers will pay around $135/mo for a full coverage insurance policy, though rates will vary slightly based on the model. Owners of Mitsubishi Mirages will easily find cheap Mitsubishi auto insurance, as full coverage for a Mitsubishi Mirage is an average of only $125/mo.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...
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UPDATED: Jan 24, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jan 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Mitsubishi drivers pay around $134 a month for full coverage auto insurance
- However, factors like chosen Mitsubishi model, driving profile, and demographics affect rates
- Teen and high-risk drivers tend to pay higher rates for Mitsubishi insurance, but you can still find cheap Mitsubishi auto insurance by comparing quotes, coverage options, and eligible discounts from multiple insurers
If you recently purchased a Mitsubishi, it’s vital to identify the best cheap Mitsubishi auto insurance coverage you need to protect you and your vehicle. Because your rates depend on various factors, like age, car model, and driving profile, the best way to buy cheap auto insurance for your Mitsubishi is to compare quotes and coverage options from several insurers.
Though some states only require liability insurance, you should consider carrying full coverage auto insurance to avoid out-of-pocket expenses after an accident. Keep reading to learn how you can buy the cheapest Mitsubishi auto insurance and find the right coverage for you.
Mitsubishi Auto Insurance Coverages
While most states, except New Hampshire and Virginia, require drivers to carry at least liability car insurance, it’s important to consider your unique situation and determine if you need additional coverage. (For more information, read our “Buy Cheap New Hampshire Auto Insurance“)
For example, if you have a brand Mitsubishi with a high MSRP, you should consider full coverage auto insurance — consisting of comprehensive and collision coverage — to protect your vehicle. In addition, your lender may require you to carry full coverage if you have a car loan or lease.
Insurance companies also offer optional add-on coverages to maximize your policy’s value. Here are some additional coverages you’ll find with many auto insurance companies:
- Auto insurance roadside assistance: Roadside assistance comes to the rescue if you need a jump-start, fuel delivery, or a tow. Learn more: Does auto insurance cover roadside assistance?
- Rental car reimbursement coverage: If your car is in the shop after a covered claim, rental car reimbursement pays for your rental car up to a certain daily limit.
- Gap insurance: You should consider gap insurance if you have a car loan or lease. Gap insurance pays the difference between your insurance payout and car loan balance if you total your car.
However, all the coverages listed above will increase your monthly auto insurance rates, so ensure you only pay for the coverage you need.
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Mitsubishi Auto Insurance Rates
How much does Mitsubishi auto insurance cost? Insurance companies consider various factors when setting Mitsubishi auto insurance rates, like your chosen model, your personal driving profile, and more. So, you should always shop around and compare quotes if you want to buy cheap Mitsubishi auto insurance.
For example, teen drivers pay higher average Mitsubishi auto insurance rates because of their driving inexperience, roughly $491 monthly for full coverage. However, young Mitsubishi drivers should see their rates drop to around $304 a month when they turn 20. Keep reading to learn how to get cheap auto insurance for teenagers.
Take a look at the table below to see what factors insurance companies consider when setting Mitsubishi auto insurance rates:
Factors that Impact Auto Insurance Rates
| Factor Insurance Companies Consider when Adjusting Rates | Average Percent Affect on Auto Insurance Rates |
|---|---|
| Driving Record and Claim History | 35% |
| Age, Martial Status, and Gender | 25% |
| Car Make/Model | 18% |
| Insurance Carrier & Policy Options | 9% |
| Location | 8% |
| Credit | 3% |
| Occupation | 2% |
As you can see, insurers evaluate several factors before they offer you an auto insurance quote. So, comparing quotes and average rates by driving profile is essential if you want to buy the best Mitsubishi auto insurance at an affordable rate.
Mitsubishi Auto Insurance by Age
Age is a significant factor insurance companies consider when setting auto insurance rates. Insurers always monitor who files claims and maintain detailed statistics to evaluate risk. The average car insurance rates by age vary, so generally, teen and young adult drivers pay higher auto insurance rates because of their driving inexperience and a higher likelihood of engaging in risky driving behavior.
Check out the table below to see how Mitsubishi auto insurance rates vary by age:
Mitsubishi Average Monthly Auto Insurance Rates by Model and Driving Age
| Vehicle Model | 20-Year-Old-Driver | 30-Year-Old-Driver | 40-Year-Old-Driver | 50-Year-Old-Driver | 60-Year-Old-Driver |
|---|---|---|---|---|---|
| 2023 Mitsubishi Outlander Sport | $290 | $133 | $128 | $117 | $114 |
| 2023 Mitsubishi Outlander | $303 | $139 | $134 | $122 | $119 |
| 2023 Mitsubishi Mirage | $282 | $130 | $125 | $114 | $111 |
| 2023 Mitsubishi Lancer | $343 | $158 | $152 | $138 | $135 |
As you can see, teen drivers pay around $491 monthly to insure a Mitsubishi, though rates improve as teen drivers age.
On the other hand, Mitsubishi auto insurance for seniors is the lowest of all demographics, costing $120 monthly for full coverage. Senior drivers often pay lower rates because of their driving experience, though some companies consider them high risk because of age-related health concerns. Read on to learn more about how you can buy cheap auto insurance for senior citizens.
Mitsubishi Auto Insurance Rates by Vehicle Model
Insurers also consider the Mitsubishi model you chose when determining what to charge you for auto insurance. Some models cost more than others to repair or replace because of high MSRP or expensive repair parts.
For example, the Mitsubishi Mirage is a compact hatchback with average monthly auto insurance rates of around $125 monthly. In contrast, the company’s high-performance sports car, the Mitsubishi Lancer, costs $152 a month to insure.
Learn more:
Take a look at the table below to compare Mitsubishi auto insurance rates by model:
Mitsubishi Average Monthly Auto Insurance Rates by Model and Coverage Type
| Vehicle Model | Comprehensive | Collision | Liability | Full Coverage |
|---|---|---|---|---|
| 2023 Mitsubishi Mirage | $24 | $44 | $42 | $125 |
| 2023 Mitsubishi Outlander Sport | $29 | $53 | $32 | $128 |
| 2023 Mitsubishi Outlander | $32 | $56 | $32 | $134 |
| 2023 Mitsubishi Lancer | $33 | $61 | $42 | $152 |
You could also buy cheap Mitsubishi auto insurance by purchasing an older Mitsubishi model. Because your vehicle depreciates in value over time, insurance companies charge lower rates to insure older vehicles because a hypothetical payout would be lower than with a new model.
While a brand new Mitsubishi Lancer would cost about $152 monthly for full coverage, you could insure a 2013 Lancer for around $116 a month, a savings of about 24%.
Mitsubishi Auto Insurance by Company
The Mitsubishi auto insurance company you choose also impacts how much you’ll pay for coverage because all companies weigh factors differently when setting rates. Take a look at the table below to see the average full coverage rates from the top insurance companies in the United States:
Average Monthly Full Coverage Rates for the Top Auto Insurance Companies
| Insurance Company | Average Full Coverage Rates |
|---|---|
| Geico | $80 |
| State Farm | $86 |
| Travelers | $99 |
| Progressive | $105 |
| Nationwide | $115 |
| American Family | $116 |
| Farmers | $138 |
| Allstate | $160 |
| Liberty Mutual | $173 |
| National Average | $119 |
As you can see, you’ll generally find low average rates with Geico, State Farm, and Progressive.
However, you should still compare quotes from the top auto insurance companies because some companies have better rates for certain demographics and driving profiles. For example, State Farm offers the cheapest average rates for drivers with an accident, whereas Geico has the best rates for drivers with a clean record. You can read our Geico auto insurance review and State Farm auto insurance review to learn more.
How to Save on Your Mitsubishi Auto Insurance Rates
There are various ways for Mitsubishi drivers to lower rates for affordable Mitsubishi auto insurance, listed below:
- Compare quotes. Some auto insurance companies offer better overall rates or better rates for certain driving profiles, so make sure you know how to get multiple quotes before buying auto insurance.
- Reduce coverage. Add-on coverages like Gap insurance or rental car reimbursement increase your monthly rates. If you no longer need certain coverages, you could drop them to lower your auto insurance rates.
- Increase deductible. An auto insurance deductible is an amount you pay before your insurer pays out a claim, so higher deductibles come with lower rates. Consider increasing your deductible to lower your rates. However, never increase your deductible to an amount you can’t afford out of pocket.
- Find discounts. Most insurance companies have auto insurance discounts to help policyholders save on their rates. Find an insurance company offering various discounts tailored to your needs to buy cheap Mitsubishi auto insurance.
By following the tips above, drivers can easily buy cheap Mitsubishi car insurance that fits their needs and budget.
The Final Word on Buying Cheap Mitsubishi Auto Insurance
With relatively affordable auto insurance rates, you can easily buy the best Mitsubishi auto insurance at a cheap rate by comparing quotes and coverage options across various companies. On average, Mitsubishi drivers pay around $134 monthly for full coverage, but you can always find cheap Mitsubishi auto insurance by shopping around.
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Frequently Asked Questions
Is Mitsubishi auto insurance expensive?
No, Mitsubishi auto insurance is usually affordable. By comparing quotes from different insurance providers and exploring available discounts, you can potentially find cheap Mitsubishi insurance options.
What factors affect the cost of Mitsubishi auto insurance?
Several factors influence the cost of auto insurance for a Mitsubishi vehicle, including the model, year, location, driver’s age, driving history, annual mileage, and coverage options chosen. These factors can vary among insurance providers, so it’s recommended to compare quotes to find the best rate.
How can I reduce the cost of Mitsubishi auto insurance?
Here are some tips to potentially lower your Mitsubishi auto insurance premiums:
- Maintain a clean driving record.
- Opt for a higher deductible, if financially feasible.
- Consider bundling your auto insurance with other policies.
- Install safety features in your vehicle.
- Inquire about available discounts, such as good driver or multi-car discounts.
Are there any downsides to cheap Mitsubishi auto insurance?
While cheap auto insurance can save you money upfront, it may come with certain drawbacks:
- Limited coverage: Lower-cost policies might offer minimal coverage, which may not fully protect you in certain situations.
- Higher deductibles: Cheap insurance policies may have higher deductibles, meaning you’ll need to pay more out of pocket in case of an accident or claim.
- Customer service quality: Some cheaper insurance providers may not provide the same level of customer service or claims support as more established companies.
What are the advantages of cheap Mitsubishi auto insurance?
There are several potential benefits of affordable auto insurance:
- Cost savings: Cheap insurance can help you save money on your premiums, leaving you with more in your pocket for other expenses.
- Legal compliance: It’s a legal requirement in most jurisdictions to have auto insurance, so affordable coverage allows you to meet these obligations.
- Financial protection: While cheap insurance may have limitations, it still provides some level of financial protection in case of an accident or damage.
Is a Mitsubishi Mirage expensive to insure?
No, full coverage for a Mitsubishi Mirage is only an average of $125/mo.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading fina...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.