Averagely, drivers of Mitsubishi Lancer cars pay approximately $94 monthly for liability and $177 annually in full coverage premiums; the cheapest policy we found offered by MetroMile at as little as $23 monthly premiums.
Car insurance premiums depend on many different factors, so it is wise to compare policies and prices before making your choice. Some of these elements include:
1. The type of vehicle you drive
Your Mitsubishi car can have an enormous effect on your insurance rates, ranging from its model year, repair costs and luxurious features to age and age of your car itself. More expensive cars like the Lancer Evolution typically command higher insurance premiums due to higher repair and replacement costs; thus driving this type of car has an additional effect.
No matter the model of car you drive, it is always advisable to shop around for car insurance quotes in order to find the most competitive rates. One effective method of doing this is using a comparison tool such as Jerry. With its quick search feature you can instantly compare multiple quotes from top insurers and save both time and money by eliminating phone or email inquiries for quotes from different providers.
The cost of car insurance for a Mitsubishi Lancer can depend on many factors, including your driving record, ACV of vehicle, deductibles and coverage limits you select and any deductible waivers or waivers chosen. A 40-year-old male in Indiana, Ohio or Vermont could pay as little as $970 annually with a $500 deductible while drivers in high risk states could incur upwards of $3840 for full coverage policies with similar deductibles and coverage levels.
Your driving record, age and location all have an effect on the price of Mitsubishi car insurance policies; some factors may even outweigh factors like make and model of vehicle. When searching for insurance providers to compare, remember each provider uses their own algorithm for calculating rates.
Aspire offers some of the cheapest Mitsubishi car insurance plans at rates as low as $37 monthly for liability only coverage, while Hugo, NationalGeneral and MetroMile may also offer affordable solutions. In contrast, MetLife typically charges up to $1,708 annually for full coverage policies.
2. Your driving record
Mitsubishi Lancer car insurance prices can depend on its model year, your age and driving record, physical damage deductibles and liability limits - as well as where you reside and the risk profile that applies. Comparing prices using national averages may not give a more accurate representation.
You could qualify for discounted Mitsubishi Lancer insurance rates if your driving record is spotless; however, insurance costs could still be significant. On the other hand, having had accidents or speeding tickets on your record will result in premiums being higher compared with someone with no such incidents on record.
Your driving history is one of the main factors influencing your car insurance rate. An accident or conviction could increase it up to 50%; to minimize its effect, be a safe and responsible driver by adhering to speed limits, keeping a clean record, and not drinking and driving.
An important element that determines your Mitsubishi Lancer car insurance price is how much you drive annually. Frequent travelers will experience higher premiums compared to someone who commutes daily; to reduce premiums further, consider driving less or getting mileage-based policies such as Mile Auto or MetroMile.
Holding onto an expensive or rare vehicle can increase the cost of Mitsubishi Lancer car insurance significantly, particularly if any modifications have been made to it. Before making modifications of any kind to your vehicle, always consult with your insurer first before doing anything drastic.
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3. Your location
Mitsubishi Lancer car insurance prices can differ widely depending on where you reside, with drivers in Oregon typically paying less for coverage than drivers in Louisiana due to driving habits and accident risks in each state, plus factors like population density and rainfall averages. The key to finding affordable Mitsubishi car insurance rates is shopping around and comparing quotes from multiple providers; doing this will allow you to save money without compromising service or protection quality.
Age can have a major effect on Mitsubishi Lancer car insurance prices. Young drivers typically face higher rates as they have yet to establish a safe driving record, while as you get older your rates tend to decrease; for instance a 40-year-old could save as much as $169 each month in comparison with their 20-year-old counterpart in terms of auto insurance costs.
If you have been charged with driving infractions, this will also have an effect on your Mitsubishi Lancer insurance rates. A speeding ticket, for instance, could increase it by approximately $104 each month - this amount represents $23 more than the national average rate. Likewise, being involved in an accident will cause your Mitsubishi Lancer car insurance rates to surge accordingly.
Assuming you drive safely and within the limits of your policy, maintaining a clean driving record and staying within its boundaries can significantly lower the costs associated with Mitsubishi Lancer insurance rates. By doing this, you may avoid incurring more costly insurance premiums due to accidents or DUI convictions.
For affordable Mitsubishi Lancer car insurance, consider seeking quotes from providers offering usage-based or pay-per-mile policies. This form of car insurance is great for drivers who drive less frequently but want to save money; its rates may change over time though; so, if switching over is on your agenda, make sure you compare quotes frequently before committing.
4. The vehicle’s safety features
Mitsubishi Lancers are popular cars among motorists for their combination of safety features, affordability and handling. Mitsubishi's RISE Body construction design adds extra protection for drivers and passengers in an event of collision by dissipating impact energy from any potential impacts.
Mitsubishi's cutting-edge safety technologies also include forward collision and lane departure warning to keep drivers aware of their surroundings, and seven airbags including a driver's knee bag for added peace of mind - features that may prove particularly helpful during Ontario winter driving conditions.
Although vehicle safety features play an integral part in determining insurance rates, other elements may also have an effect on costs. For instance, having multiple traffic violations or accidents in your past could increase premiums more than having an excellent driving history would. It is wise to get quotes from multiple insurers so as to find the best possible offer.
Making changes to improve your driving skills and avoid tickets or accidents will not only help to lower your insurance rates, but can save up to $119 every month over drivers with one ticket or accident on their record. For even further savings, telematics programs provide monitoring of driving behavior with discounts awarded for safe driving habits.
Mitsubishi is a Japanese automotive manufacturing company founded in 1917. Since then, they have produced an assortment of SUVs, sedans and sports cars under their own brand name of Mitsu/Shishi; its name derives from two Japanese words meaning three and water chestnut. Mitsubishi logo features water chestnut image; while their corporate colors include white and green hues.
The Mitsubishi Lancer is an attractive small sedan starting at $17,795. Known for its spacious interior and technological features, Mitsubishi also offers various financing solutions to buyers.