Mitsubishi Auto Insurance

Find out about discounts, safety ratings, and other important information which can save you money on car insurance.

Mitsubishi is a Japanese automobile manufacturing company which is headquartered in Tokyo. It was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. Its origin goes back to 1917 when the Mitsubishi Shipbuilding Company, Ltd. designed and produced Japan's first series-production automobile. This model was built entirely by hand but eventually proved to be too expensive compared to its American and European rivals which mass produced their vehicles. It was discontinued in 1921 after only 22 cars had been built.

In 1934, Mitsubishi Shipbuilding merged with the Mitsubishi Aircraft Company and together they produced aircraft engines and other parts. They proceeded to manufacture railroad cars, ships and aircraft. It wasn't until 1937 that they designed and made a prototype sedan for use by the military. After the war, the victorious Allied powers ordered the Japanese conglomerate to dismantle itself into three regional companies.

Beginning in the early 1960s, Japan's economy was improving and wages were increasing. The idea of an automobile for the Japanese family was gaining in popularity. Mitsubishi introduced the Mitsubishi 500, a sedan designed and aimed for the mass market. The Minica kei car was offered in 1962 and the first of the Colt line of cars debuted in 1963.

When Mitsubishi decided to expand into foreign markets they did so by forging alliances with well-known, established automakers. In 1971, they sold 15% of their shares to the American car manufacturer, Chrysler. The first Mitsubishi-designed car sold in the U.S. was the Dodge Colt.

In 1982, Mitsubishi began selling its own brand of cars in America. The Tredia sedan and the Cordia and Starion coupes were the first models sold through actual Mitsubishi dealers. Today, Mitsubishi offers customers a wide range of cars and crossovers. Soon to arrive is the Mitsubishi i, the company's first electric car. The EPA has rated it as the #1 vehicle in fuel economy.

Mitsubishi automobiles are generally considered reasonably priced vehicles and therefore, purchasing car insurance for one of these models should not be terribly expensive. Whenever you are looking for insurance coverage, it makes sense to contact several different companies and compare quotes. Agents use various factors to determine the rates you will be charged. The make and model of the car will be considered but your personal information is normally weighed the heaviest. Where you reside, your age, the type of driving you do, and your credit score all can affect what you will pay.

To help lower the cost of your car insurance, we suggest the following:

  • Maintain a clean driving record. The more speeding tickets, citations, DUIs etc. you have, the more you will pay.
  • Take advantage of discounts. Most insurance companies offer various ones, including safe driver, good student, and low mileage. Also consider bundling your policies with the same company (life, home, car, renter's, etc.).
  • Make sure your credit report is accurate and up-to-date.

Mitsubishi theft risk
There were three Mitsubishi models which made the list of the Top 100 Most Stolen Vehicles. These were the Mitsubishi Galant, the Mitsubishi Mirage, and the Mitsubishi Eclipse. The Mirage model is an older vehicle which is no longer in production. As with most car brands, older vehicles tend to be more attractive to the professional car thief simply because they normally do not have sophisticated alarms and safety features. Car insurance premiums normally increase only slightly if there is a risk of theft.

Crash test results for Mitsubishi
Most Mitsubishi models did not perform well when it came to rear collision test results. The Insurance Institute for Highway Safety named one Mitsubishi model to its list of Top Safety Picks of 2012. To be included, cars must receive a “good” rating in all categories of testing: high-speed front and side crash tests, a rollover test, and evaluations of seat/head restraints for protection against neck injuries in rear impact collisions. The Mitsubishi model which made the list is:

  • Small cars: Mitsubishi Lancer (except the Ralliart and Evolution models)

Average Mitsubishi auto insurance premiums
Remember that the cost of insuring your car will depend on different factors. The make and model will be considered in the calculations but so will your personal information and driving history. The following quotes are simply estimates of what you might pay for an annual premium and are solely intended to assist you in planning for and budgeting your insurance costs.

The average cost to insure a Mitsubishi automobile is $1485. As expected, the sportier model Eclipse Spyder will cost around $1860 for an annual premium. The basic Eclipse model generally runs about $1690. The Lancer is considered the least expensive model to insure. You can expect to pay just under $1200 for a yearly policy. The Galant averages about $1485 and the Mitsubishi Outlander comes in at around $1300.