Buy Cheap Mitsubishi Auto Insurance in 2023

If you recently purchased a Mitsubishi, it’s vital to identify the 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 cheap 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 auto insurance, it’s important to consider your unique situation and determine if you need additional coverage.

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:

• Roadside assistance: Roadside assistance comes to the rescue if you need a jump-start, fuel delivery, or a tow.
• Rental car reimbursement: 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.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

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 you can buy cheap auto insurance for teen drivers.

Take a look at the table below to see what factors insurance companies consider when setting Mitsubishi auto insurance rates:

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 cheap Mitsubishi auto insurance.

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 auto insurance rates vary by age, 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:

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 drivers.

Mitsubishi Auto Insurance 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.

Take a look at the table below to compare Mitsubishi auto insurance rates by model:

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 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:

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.

How to Save on Your Mitsubishi Auto Insurance Rates

There are various ways for Mitsubishi drivers to lower their auto insurance rates even more, listed below:

• Compare quotes. Some auto insurance companies offer better overall rates or better rates for certain driving profiles. So, you save on auto insurance by getting multiple quotes.
• 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 auto 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 cheap Mitsubishi auto insurance 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 lower rates by shopping around.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption