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 $1,842 per year for 2024 models, Mitsubishi car insurance rates range from $1,782 a year for a Mitsubishi Outlander Sport up to $1,916 per year for the Mitsubishi Mirage G4.
When compared to the U.S. national average car insurance rate of $1,883, the average rate for Mitsubishi models costs 2.2% less 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 Premium | Cost Per Month |
|---|---|---|
| Mitsubishi Eclipse Cross | $1,820 | $152 |
| Mitsubishi Lancer 2017 and prior model years | $1,796 | $150 |
| Mitsubishi Mirage | $1,900 | $158 |
| Mitsubishi Mirage G4 | $1,916 | $160 |
| Mitsubishi Outlander | $1,848 | $154 |
| Mitsubishi Outlander PHEV | $1,784 | $149 |
| Mitsubishi Outlander Sport | $1,782 | $149 |
How do Mitsubishi insurance rates compare?
When compared to other Japanese automakers, insurance for Mitsubishi cars and SUVs averages 5.4% cheaper per year than Toyota, 6.9% more expensive than Honda, 6.3% cheaper than Nissan, 1.8% more expensive than Subaru, and 1.5% more expensive than Mazda.
When compared to the Korean brands of Hyundai and Kia, average Mitsubishi insurance rates are 1% cheaper than Hyundai, and 0.7% 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 $1,842 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 $1,842 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 |
|---|---|---|
| Mitsubishi | $1,842 | -- |
| Acura | $1,783 | -$59 |
| Audi | $2,449 | $607 |
| BMW | $2,487 | $645 |
| Cadillac | $2,039 | $197 |
| Chevrolet | $1,917 | $75 |
| Dodge | $2,359 | $517 |
| Ford | $1,978 | $136 |
| Genesis | $2,267 | $425 |
| GMC | $1,973 | $131 |
| Honda | $1,720 | -$122 |
| Hyundai | $1,861 | $19 |
| Infiniti | $1,990 | $148 |
| Jaguar | $2,337 | $495 |
| Jeep | $2,072 | $230 |
| Kia | $1,829 | -$13 |
| Land Rover | $2,484 | $642 |
| Lexus | $2,106 | $264 |
| Lincoln | $2,095 | $253 |
| Mazda | $1,814 | -$28 |
| Mercedes-Benz | $2,743 | $901 |
| Nissan | $1,962 | $120 |
| Subaru | $1,809 | -$33 |
| Tesla | $2,301 | $459 |
| Toyota | $1,945 | $103 |
| Volkswagen | $1,771 | -$71 |
| Volvo | $2,122 | $280 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Insurance cost is averaged for all models for the 2024 model year for each automobile manufacturer. Updated February 22, 2024
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 2024 model year, the cheapest Mitsubishi to insure is the Mitsubishi Outlander Sport, costing $1,782 per year, or around $149 per month.
Taking second place honors is the Mitsubishi Outlander PHEV at an average insurance cost of $1,784 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 2024 Mitsubishi vehicles to insure
- Mitsubishi Outlander Sport – (midsize SUV) Insurance costs $1,782 per year ($149 per month)
- Mitsubishi Outlander PHEV – (midsize SUV) Insurance costs $1,784 per year ($149 per month)
- Mitsubishi Eclipse Cross – (small SUV) Insurance costs $1,820 per year ($152 per month)
- Mitsubishi Outlander – (small SUV) Insurance costs $1,848 per year ($154 per month)
- Mitsubishi Mirage – (small SUV) Insurance costs $1,900 per year ($158 per month)