- A comprehensive coverage policy for a Mitsubishi Lancer costs an average of $1,672 annually, or roughly $139 monthly.
- The ES Sedan trim level of the Lancer has the lowest annual insurance rates, coming in at $1,602.
- With annual rates of $1,720, the Lancer SEL AWC Sedan has the highest rates.
- The Mitsubishi Lancer is ranked #35 out of 36 vehicles in the compact car class, and its typical auto insurance rates are $336 more expensive than those for the segment as a whole.
In This Article...
How much does a Mitsubishi Lancer Evolution insurance cost?
Key conclusions:
- Around $1,598 per year, or $133 per month, is required for full coverage.
- Cost of a liability-only policy is around $641 per year, or $53 per month.
- Teenage drivers pay the highest rates, which average $5,841 per year or $487 per month.
- By obtaining policy reductions, good drivers can save as much as $659 each year.
- Compared to the average vehicle, Mitsubishi Lancer Evolution insurance costs about $79 more annually.
The insurance for a Mitsubishi Lancer Evolution costs around $79 more year than the average car, or $133 more per month, for full coverage. An older Mitsubishi Lancer Evolution driver may desire liability-only coverage, which costs, on average, $641 annually or $53 monthly. Let’s investigate insurance costs for the Mitsubishi Lancer Evolution, insurance loss trends, and more.
Using our free online tool, you can start comparing quotes for Mitsubishi Lancer Evolution auto insurance rates from some of the best auto insurance providers right away.
Is $100 a lot to pay for auto insurance?
Depending on the source, the national average cost of auto insurance will change. NerdWallet said that the average cost is $1621 per year, whereas The Zebra estimates that it is more like $1502 per year. Regardless of the situation, you’ll probably end up paying more than $100 a month for vehicle insurance. In fact, if you’re a 40-year-old with plenty of experience, a clean driving record, and decent credit, you can anticipate spending about $135 per month.
A number of variables are taken into account while estimating national expenses. Since insurance firms offer a variety of coverage alternatives, the average number must include the most popular kind of coverage. In this scenario, in addition to state-mandated insurance like uninsured motorist coverage and personal injury protection, the national cost statistics also include comprehensive, collision, and liability insurance policies.
Even while your premium rates will be substantially lower if you merely buy the bare minimum of coverage required by law, your actual expenditures in the event of an accident could significantly increase. The minimal insurance will typically cost $676 annually, or around $1000 less than the average cost of insurance in the country. Although these averages can be useful for having a general notion of insurance costs, your own circumstances will have the biggest influence on the premium rates you receive.
Are auto insurance premiums high?
In California, the average cost of full coverage auto insurance is $2,190 annually. The average annual cost of state-mandated coverage is $619. While California’s typical auto insurance prices may help you assess if you are overpaying for coverage, bear in mind that your premium may vary depending on roughly a dozen distinct rating variables, including the kind of automobile you drive, your driving history, claims history, and annual mileage. Your pricing will be significantly influenced by the state in which you reside as well as the coverage kinds and limitations you select.
Are Lancers’ insurance premiums high?
A Mitsubishi Lancer’s typical insurance expenses come to $213 per month or $2,556 annually. Depending on your driving history, how many miles you drive annually, and other factors, your actual cost may be more or lower. To get a quotation, sort vehicle insurance providers by your state.
The basic price of a 2017 Mitsubishi Lancer is $17,795. The yearly insurance costtobase automobile price ratio is 14.4 percent with an average insurance rate of $2,556 per year.
Is older automobile insurance less expensive?
Are insurance rates for older automobiles lower? Yes, the majority of older vehicles are less expensive to insure, particularly for collision and comprehensive coverage. As cars age, their value decreases, which also affects the prospective insurance claims settlements. With a lot of historic or collector cars, this is not the case.
Which costs more to insure, new or used cars?
Be sure to factor insurance costs into your decision to purchase a new car, especially if you intend to finance it. A new car may cost more to insure than an older one because of its value, repair costs, danger of theft, and other variables. If you finance your new automobile, your lender will probably insist that you carry more insurance than is legally required, which will raise your premiums. We’ll go over what to anticipate while purchasing new automobile insurance.
What type of auto insurance is the most expensive?
The Maserati Quattroporte will cost an astounding $5,024 per year or an average of $419 per month to insure, making it the most pricey vehicle in 2021. That represents a 239 percent increase above the national average vehicle insurance rate.
Is $200 a month for auto insurance too much?
Yes, paying $200 a month for auto insurance is a bit pricey, especially for the bare minimum. For state-required minimum coverage, the average monthly premium is roughly $60; for comprehensive coverage, it’s about $166.
Does $500 a month for auto insurance seem excessive?
Drivers may anticipate paying, on average, little over $900, or about $150 per month, for a six-month coverage with a $500 deductible. The most economical policy with a $500 deductible costs about $90 per month from USAA.
What’s the typical monthly automobile payment?
That indicates that the typical monthly car payment is between $650 and $700, according to basic math. A new data study from Edmunds, however, reveals that many automobile purchasers are now taking out loans with $1,000 monthly payments, the highest level the site has ever noted.