Mitsubishi Lancer Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• It costs more to insure a Mitsubishi Lancer than the average car.
• Liability only auto insurance rates for a Lancer average about $96 per month, while full coverage typically runs around $210.
• The lowest insurance carrier for a Lancer is Hugo, who offers liability only coverage for sometimes as low as $39 a month, on average.

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Lancer Overview

The Mitsubishi Lancer is a great budget-friendly car for drivers of all types, with 2017 models starting at $17,795. With two different trim levels currently offered, there's a style for every driver.

We analyzed thousands of car insurance quotes on Compare.com, and we've found that Mitsubishi Lancer auto insurance prices average out to about $203 per month. But how does that fare against its competitors?

How Much is Car Insurance for a Mitsubishi Lancer?

You can see in the table above that when you compare the Mitsubishi Lancer to other vehicles, insurance premiums are above average. Lancer drivers normally pay around $210 a month for full coverage, which has comprehensive and collision coverages in addition to liability, and about $96 monthly for liability only insurance (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).

When compared to other models, the Lancer is more expensive, with rates about 17% higher than the other vehicle types offered by Mitsubishi. Likewise, Lancer coverage is above average when compared to other vehicles of a similar body style, with both full coverage and liability only insurance averaging more expensive prices than other cars.

Generally, they're just more expensive to insure than the average vehicle, no matter which make, body style, or model you compare it to.

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Who has the Cheapest Car Insurance for a Mitsubishi Lancer?

Looking for a car insurance policy for your Mitsubishi Lancer? You might be wondering which company offers the lowest rates. Although there will never be one carrier that has the most affordable rates for everyone, the lowest average rates for liability only insurance are sometimes just $37 a month from Aspire. With car insurance as cheap as $39 a month, Hugo is the next cheapest insurance company.

NationalGeneral, MetroMile, and Mile Auto finish off the rest of the top 5. But just because these five companies offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your Mitsubishi Lancer.

Insurance carriers use multiple factors and complex formulas to calculate premiums. By getting quotes from a variety of car insurance companies at once, you can guarantee you're finding the lowest rate.

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What Factors Affect Car Insurance Rates for a Mitsubishi Lancer?

There are a range of variables that auto insurance carriers take a look at to choose how much they charge -- and every carrier uses a different formula, so there's not just one company that's the most affordable for everyone.

Here are just a few of the variables car insurers will look at, with individual breakdowns of how each one affects your rates:

Vehicle Age

The Mitsubishi Lancer has been around for a while -- that means vehicle age will likely make a difference in what you end up paying for insurance. Generally, newer cars are going to cost more to insure because they're worth more, but as they age, insurance costs will gradually go lower.

Based on the above table, the Mitsubishi Lancer does not follow this trend, as the cheapest models to insure are those that are 1 year old or less, while on average, the most expensive Lancers are 4 to 5 and 8 to 10 years old.

Your Age

Age is another variable that makes a big difference in how much you pay for car insurance. Based on the information in the table above, drivers with more experience on the road pay less than young Lancer drivers. Mitsubishi Lancer drivers under 18 actually pay more than twice as much as those 25 or older.

Car insurance prices continue to decrease as you get older, with the cheapest age group being 55-64 for Lancer drivers.

Your Gender

Because women are less likely to get into accidents and get tickets, they are less likely to file a claim with insurance. When it comes to Lancer drivers specifically, women pay around $86 monthly for insurance and men pay about $103.

Where You Live

You may think it's obvious that things like how old you are and what vehicle you drive play a role in your car insurance premiums, but you may not realize that where you live is equally important. Because auto insurance is regulated on a state-by-state basis, rates can fluctuate quite a bit from state to state.

For example, the average Mitsubishi Lancer owner from New York pays around $226 per month for liability coverage, while the same driver from California will pay less than 50% of that price, on average. The chart shows average prices for the 10 largest states by population, just to give you a good idea of how much premiums can change from state to state.

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Mitsubishi Lancer Car Insurance Discounts

Regardless of what state you call home, what car you drive, or how old you are, using as many discounts as possible when it comes to your car insurance policy is always in your best interest.

Not every auto insurance carrier will offer the same discounts, but there are a few that are relatively universal. These include discounts like:

• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher safety ratings
• Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution
• Multi-policy discounts for bundling your home and auto policies with the same insurance company
• Pay-in-full discounts for drivers who choose to pay their entire policy rate up front, rather than in monthly installments

While taking advantage of discounts is always a smart way to save money on your insurance, sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like avoiding lapses in coverage, not having recent insurance claims, and driving safely.

While you can't control every single aspect of your auto insurance profile (like some of the pieces we mentioned above), there is quite a bit that you do have control over. Below are just a few of the ones you can use to your advantage when it comes to saving some cash:

Your Driving Record

You've almost certainly observed ads from insurance companies offering big discounts for good drivers. It checks out that your car insurance rates will increase if you get cited for speeding or get into an accident. But exactly how much can it cost you for these infractions?

Looking at the table above, you'll notice that accidents will usually cost Lancer drivers more than tickets, but both will result in higher than average rates. Mitsubishi Lancer drivers with one ticket will pay an average of $104 a month, while drivers with a single accident on their record pay about $119 every month (up $23 from the $96/mo. overall average). The rates only go up the more accidents you have or tickets you get.

How Much You Drive

Another factor that impacts your auto insurance prices is how much you drive each year. Those who drive less are less likely to get into accidents, so they'll usually be offered less expensive premiums. In the above table, you can see that Mitsubishi Lancer owners who drive 10,000 miles or more pay $94 for insurance, while those who drive fewer than 2,500 miles per year pay an average of $88 monthly.

But if you don't drive much because have a second vehicle or you work from home, you might consider a usage-based or pay-per-mile car insurance policy. With these kinds of policies, you pay a small base rate each month, with your final monthly bill being calculated based on the number of miles you drove.

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How Do Mitsubishi Lancers Compare to Other Vehicles?

If you're considering making a Mitsubishi Lancer your next vehicle, it might be helpful to do your homework. Auto insurance is just one cost that's associated with buying a new car, but it's certainly one that's worth taking into consideration.

Check out the table below to see how the Mitsubishi Lancer compares:

With an MSRP that's less than half of the going rate for a new vehicle, the Mitsubishi Lancer is a fantastic value when it comes to price. While the average vehicle price in the U.S. is $41,879, the Lancer comes in at just $17,795.

Unlike the Lancer's lower price, auto insurance prices run above average when compared to other vehicles on the market. Full coverage insurance for a Mitsubishi Lancer is about $88 per month more than average, while liability only coverage is per month.

When it comes to usage, Mitsubishi Lancer drivers are pretty close to the national average in annual miles driven, with 11,617 miles a year for all vehicles compared to the Lancer's 12,186 each year.

Mitsubishi Lancer Car Insurance Costs by Model Year

You've seen how different factors can have an impact on how much the average driver pays for car insurance. But if you're considering buying a new Lancer, having a good idea of exactly how much you'll pay can be extremely valuable as you weigh your options.

Choose Your Model

2017 Mitsubishi Lancer Car Insurance 2016 Mitsubishi Lancer Car Insurance 2015 Mitsubishi Lancer Car Insurance 2014 Mitsubishi Lancer Car Insurance 2013 Mitsubishi Lancer Car Insurance 2012 Mitsubishi Lancer Car Insurance 2011 Mitsubishi Lancer Car Insurance 2010 Mitsubishi Lancer Car Insurance 2009 Mitsubishi Lancer Car Insurance 2008 Mitsubishi Lancer Car Insurance 2006 Mitsubishi Lancer Car Insurance 2005 Mitsubishi Lancer Car Insurance

2017 Mitsubishi Lancer Car Insurance

The average cost to insure a 2017 Lancer with liability only coverage is $139 a month, while full coverage runs around $257 per month.

AnswerFinancial has rates as cheap as just $29 monthly for the 2017 Mitsubishi Lancer.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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2016 Mitsubishi Lancer Car Insurance

It costs about $108 per month for liability or $218 for a full coverage policy for the 2016 Mitsubishi Lancer.

We found AnswerFinancial offered the lowest policy, with rates sometimes as cheap as $30 monthly.

If you want to know exactly how much you can expect to pay for your Lancer, just enter your ZIP code below and get several free quotes in minutes.

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2015 Mitsubishi Lancer Car Insurance

2015 Lancer drivers can expect to pay an average of $81 a month for liability or $218 for full coverage.

Liberty Mutual offered the cheapest policy we found, with rates sometimes as little as $22 per month.

Interested in what your car insurance price could look like? Get a variety of free customized quotes by just entering your ZIP code below.

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2014 Mitsubishi Lancer Car Insurance

On average, drivers who own a 2014 Mitsubishi Lancer can expect to pay $94 to $207 a month for liability only and full coverage insurance, respectively.

Looking for the most affordable policy? MetroMile offered liability only coverage for as little as just $27 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2013 Mitsubishi Lancer Car Insurance

You can expect full coverage for a 2013 Lancer to run around $208 a month, while liability only coverage will average about $92 monthly.

With premiums as low as $24 per month, Elephant offered the cheapest policy we found for the 2013 Mitsubishi Lancer.

Interested in what your auto insurance premium will be? Enter your ZIP code below to get several free customized quotes.

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2012 Mitsubishi Lancer Car Insurance

On average, drivers who own a 2012 Mitsubishi Lancer can expect to pay $129 to $225 a month for liability only and full coverage car insurance, respectively.

With rates as low as just $23 monthly, Elephant offered the most affordable policy we found.

If you want to know just how much your price will be, just enter your ZIP code below and get free quotes in minutes.

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2011 Mitsubishi Lancer Car Insurance

You can expect full coverage for a 2011 Lancer to run around $213 per month, while liability only coverage will average about $108 a month.

If you're looking for the lowest possible 2011 Mitsubishi Lancer insurance policy, Hugo offered the lowest policy we found, with rates as little as $22 monthly.

Interested in exactly how much you'll pay? Enter your ZIP code below to get multiple personalized quotes for free.

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2010 Mitsubishi Lancer Car Insurance

It costs around $107 per month for liability or $206 for a full coverage policy for the 2010 Mitsubishi Lancer.

With prices sometimes as cheap as $23 a month, Elephant offered the cheapest policy we found for the 2010 Mitsubishi Lancer.

If you want to know just how much your premium will be, just enter your ZIP code below and get several free quotes in minutes.

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2009 Mitsubishi Lancer Car Insurance

The average cost to insure a 2009 Lancer with liability only coverage is $110 monthly, while full coverage runs about $192 per month.

We found Oasis offered the lowest policy, with rates sometimes as little as $23 monthly.

These average rates are a great starting point if you're in the market for a 2009 Mitsubishi Lancer, but there are a variety of different things that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2008 Mitsubishi Lancer Car Insurance

2008 Mitsubishi Lancer drivers can expect to pay an average of $96 per month for liability or $177 for full coverage.

MetLife offered the most affordable policy we found, with rates as low as just $23 a month.

If you want to find the best prices for auto insurance for a 2008 Mitsubishi Lancer, enter your ZIP code below and compare an array of personalized quotes in just a few minutes.

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2006 Mitsubishi Lancer Car Insurance

On average, drivers who own a 2006 Lancer can expect to pay $90 to $180 per month for liability only and full coverage insurance, respectively.

Looking for the lowest policy? MetroMile offered liability only coverage for sometimes as low as $20 a month.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

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2005 Mitsubishi Lancer Car Insurance

It costs around $88 monthly for liability or $183 for a full coverage policy for the 2005 Mitsubishi Lancer.

With premiums as cheap as $24 a month, Commonwealth Casualty offered the most affordable policy we found.

Want something more accurate than national averages? Just enter your ZIP code below to get lots of personalized quotes for free.

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Mitsubishi Lancer Insurance FAQs

Is a Mitsubishi Lancer expensive to insure?

Liability insurance runs an average of $96 monthly, while full coverage will cost you around $210. When compared to the national average of all vehicles, rates come in on the more expensive end of the spectrum.

How can I get the best price on car insurance for my Mitsubishi Lancer?

The only way to confirm you're getting the cheapest price on auto insurance is to check prices regularly and compare quotes from quite a few carriers. It's recommended to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from several companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Mitsubishi Lancer affect my insurance premiums?

You've probably heard the old adage that red cars cost more to insure than cars of other colors, but that's actually a myth. Even though there are many variables insurance carriers think about when they calculate how much you'll pay, the color of your vehicle is not one of them.

Do I need to have insurance before I buy a Mitsubishi Lancer?

Before you can legally drive your new (or new to you) Mitsubishi Lancer off the dealership lot, you'll need to have an auto insurance policy in place. As part of the buying process, some dealerships might offer you an insurance policy, but the best thing to do when buying a an car is to let your car insurance carrier know ahead of time.

What car insurance discounts can I get for my Mitsubishi Lancer?

You will find a variety of discounts out there for auto insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are based less on your Lancer and more on you, but if your Lancer has safety features like anti-lock brakes, anti-theft systems, airbags, and other features, it may be eligible for certain discounts. The only way to find out which discounts you might get is to talk with your insurance agent and ask about their discounts, since they differ quite a bit from company to company.