Car insurance for Mitsubishi

How much does it cost to insure a Mitsubishi?

While the 2023 national averages are $622 per year for minimum coverage and $2,014 for full coverage, Mitsubishi Mirage owners pay just slightly more than this, averaging $663 per year for minimum coverage and $2,237 for full coverage. Depending on the Mitsubishi model you have and your other personal factors, your rates may differ significantly from this.

Multiple factors will play a role in determining your own rate, including the following:

• Safety features: Standard safety features on the Mirage, such as the seven-airbag safety system and rear-view cameras, can help make your car safer and easier to drive. Your insurer looks at your vehicle's features that may help you avoid an accident or minimize damage and injuries if you have one.
• Cost to repair: Cars with parts that are available domestically tend to be cheaper to repair than those that are made with imported parts. Most Mitsubishi parts come from the company's plants in Japan, which may be one reason why insuring them is slightly more expensive than average. 
• Crash ratings: Mixed safety ratings may bring up the cost of insurance for Mitsubishi models. The 2021 Mirage, for instance, earned a Marginal rating in small overlap front tests by the Insurance Institute for Highway Safety (IIHS) — the second-lowest score possible. The same model received just four stars in crash tests conducted by the National Highway Traffic Safety Administration (NHTSA). 
• Make, model and trim level: It's not surprising that the make and model of the car you purchase helps determine your insurance cost. More expensive models, such as the Mitsubishi Outlander PHEV, may be more expensive to repair, and lead to higher claims payouts if they are totaled. This is also true for trim level—more expensive trims may cause higher repair costs, and thus higher premiums. Additionally, some cars tend to be targeted more often by car thieves, which can increase your premium.
• Personal factors: Your own situation impacts costs. An accident or ticket on your driving record, a high rate of crashes in your area or a poor credit rating (in most states) can all drive up the cost of coverage regardless of the car you drive. 

Car insurance rates for Mitsubishi Mirage

Although premium rates are highly personalized depending on the factors we've discussed above and more, Bankrate analyzed 2023 data from Quadrant Information Systems to determine the average car insurance rates paid by owners of a 2021 Mitsubishi Mirage. 

Note that the types and amount of coverage you purchase will play a significant role in your rate. Generally, you will pay the least for minimum insurance. It does not, however, nearly as much financial protection as a full coverage insurance policy could.

Mitsubishi Mirage cost by state

Insurance costs vary by state. Your state of residence is one of the largest factors in determining your insurance costs. Rates can vary by state based on the number of claims, weather patterns, cost of living or the percentage of uninsured drivers in the region, among other factors. Your state's minimum car insurance requirements can also impact rates, as states with high minimum coverage limits typically have higher minimum coverage costs.

Average car insurance cost for Mitsubishi by company

The Mirage’s low MSRP — starting at less than $20,000 for 2024 models — makes it a great economical option for drivers on a budget searching for a vehicle. However, Mitsubishi insurance can be more expensive than the national average for passenger vehicles. Owners of the Mirage may want to consider getting quotes from USAA, Auto-Owners or Nationwide in their search for the cheapest premium for minimum and full coverage. You can compare these average rates for the Mirage to give you a starting point as you look for coverage for your own Mitsubishi vehicle.

Average cost of car insurance for Mitsubishi Mirage by carrier

Other car insurance coverage for Mitsubishi

When looking for the best auto insurance for your Mitsubishi, one of the first things you’ll want to consider is the type and amount of coverage you want to purchase. Most states require at least a minimum amount of liability insurance. This is typically the cheapest car insurance option, but it doesn’t offer much protection. 

Many insurance professionals recommend considering higher liability limits and add-on coverage options like comprehensive and collision coverage to cover damage to your vehicle. When these coverage options are added in, it is usually referred to as a full coverage car insurance policy.

Here are some other common type of optional coverage you may want to consider:

• Uninsured/underinsured motorist: These coverage types will pay for repairs and medical bills if you're in an accident caused by someone who has no insurance, or not enough insurance, to cover costs. It will also typically pay if you are involved in a hit-and-run accident. This coverage is mandatory in some, but not all, states. Keep in mind that underinsured motorist coverage is separate from uninsured motorist coverage, and that uninsured motorist coverage for car repairs or medical bills are separate policy types. 
• Medical payments: Medical payments, or MedPay, covers medical bills for you and your passengers in an accident, regardless of who is at fault. It may also be used if you are hit by a car when you are a pedestrian. Coverage limit is usually $10,000 or less.
• Personal injury protection (PIP): PIP coverage, which is mandatory in no-fault states, allows you to file a claim with your own insurance company for medical costs following a car accident, along with additional expenses such as replacement services and lost wages. Be aware that if you don’t live in a no-fault state, PIP coverage may not be available. 
• Roadside assistance: This optional coverage pays if you need a tow or need simple, on-the-spot repairs on the road, such as a flat tire or a dead battery.
• Gap insurance: If your car is totaled, this coverage will pay the difference between what the car is worth and what you owe on it to your lender. It's generally available for those with a car that is three years old or less.
• Rental car reimbursement: This coverage helps to cover the cost of a rental car while your vehicle is being repaired following a covered claim. This coverage may be useful if you only own one car and rely on it as your primary mode of transportation.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Mitsubishi Mirage, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.