Mitsubishi Motors is headquartered in Japan, and has roots back to 1917 when Mitsubishi Shipbuilding Co. Ltd. manufactured a hand-built, seven passenger automobile, of which only 22 were produced.
Following a detour into military production during World War II, which was common for Japanese automakers, Mitsubishi was split into three separate companies. These three companies are represented by the three diamonds in their current logo.
Today, Mitsubishi is one-third owned by Nissan, and is attempting to revitalize the brand with models like the Outlander, Mirage, and Eclipse Cross.
How much does Mitsubishi insurance cost?
At an average cost of $1,625 per year for 2022 models, Mitsubishi car insurance rates range from $1,408 a year for a Mitsubishi Eclipse Cross up to $1,768 per year for the Mitsubishi Outlander PHEV.
When compared to the U.S. national average car insurance rate of $1,567, the average rate for Mitsubishi models costs 3.7% more per year.
The table below breaks out average auto insurance cost for Mitsubishi models. Rates are shown for both annual and monthly terms.
|Model||Annual Cost||Monthly Cost|
|Mitsubishi Eclipse Cross||$1,408||$117|
|Mitsubishi Lancer (2017 and prior)||$1,672||$139|
|Mitsubishi Mirage G4||$1,728||$144|
|Mitsubishi Outlander PHEV||$1,768||$147|
|Mitsubishi Outlander Sport||$1,548||$129|
How do Mitsubishi insurance rates compare?
When compared to other Japanese automakers, insurance for Mitsubishi cars and SUVs averages 4.7% more expensive per year than Toyota, 11% more expensive than Honda, 0.2% more expensive than Nissan, 11.1% more expensive than Subaru, and 15.3% more expensive than Mazda.
When compared to the Korean brands of Hyundai and Kia, average Mitsubishi insurance rates are 5.7% more expensive than Hyundai, and 6.8% more expensive than Kia.
The next chart visualizes the comparison between Mitsubishi car insurance cost and other Asian manufacturers. Average Mitsubishi rates are shown by the orange bar at $1,625 per year, with competing Asian automakers shown alphabetically in blue.
As shown in the chart, insuring a Mitsubishi could cost a little more than most other Japanese and Korean automotive brands. However, the values shown are averages across all models, so it’s important to compare rates between specific models when factoring in insurance cost into your purchase decision.
The next table does a more thorough comparison by including additional luxury and non-luxury automakers.
Average Mitsubishi car insurance cost is shown in the first row of the table, again at $1,625 per year.
Each comparison brand includes the average auto insurance cost across all models, plus the difference in cost between that brand and Mitsubishi.
|Automotive Brand||Insurance Cost||Difference|
As with the Asian brand comparison, Mitsubishi insurance rates tend to be higher than most mainstream automakers. However, when compared to luxury brands like Lexus, Acura, BMW, and Mercedes-Benz, the average Mitsubishi rate looks pretty affordable.
This stands to reason, however, since the MSRP for Mitsubishi models is considerably less than the majority of luxury models. Car insurance rates are not entirely based on the cost of the vehicle, but more expensive models do tend to have higher rates than cheaper models.
What is the cheapest Mitsubishi car insurance?
For the 2022 model year, the cheapest Mitsubishi to insure is the Mitsubishi Eclipse Cross, costing $1,408 per year, or around $117 per month.
Taking second place honors is the Mitsubishi Outlander Sport at an average insurance cost of $1,548 per year.
The rest of the top five cheapest Mitsubishi vehicles to insure are shown in the list below. Both annual and monthly average rates are shown, along with the vehicle segment each model belongs to.
Top five cheapest 2022 Mitsubishi vehicles to insure
- Mitsubishi Eclipse Cross – (small SUV) Insurance costs $1,408 per year ($117 per month)
- Mitsubishi Outlander Sport – (midsize SUV) Insurance costs $1,548 per year ($129 per month)
- Mitsubishi Outlander – (small SUV) Insurance costs $1,640 per year ($137 per month)
- Mitsubishi Mirage – (small SUV) Insurance costs $1,658 per year ($138 per month)
- Mitsubishi Mirage G4 – (small car) Insurance costs $1,728 per year ($144 per month)