Compare Quotes from Top Providers and Save now!

Buying and insuring a used Mitsubishi Lancer

Buying auto insurance is an essential component of financial planning. If you are thinking of buying a used car, you are probably also wondering about its insurance costs. The Mitsubishi Lancer is a compact car launched by Japanese manufacturer Mitsubishi in 1973. If we compare the auto insurance costs of the Lancer with other compacts, such as the Honda Civic, we find that the Lancer costs slightly more than the others to insure. The cost of the used Lancer is also higher than that of the used Civic.


Insuring a used Lancer is the cheapest in Maine, where the annual average insurance is $986. If we compare this to Maine’s insurance average ($827), it is significantly higher. Maine is a state where auto insurance usually costs less than $900. On the other hand, Michigan suffers from high auto insurance rates. The average annual insurance rate of the Lancer in Michigan is $2525. The Lancer is, however, available for a median price of only $6,000 here. This is the lowest median price charged in any state for the used Lancer. If we consider percentages, the insurance cost in Michigan accounts for 42% of the median price.

In Missouri, the Lancer costs around $9,790 and insuring it will cost you an average of $1517, i.e., 15% of the cost. The median price is low in this state, and the insurance average is also relatively low.

Consider the median price and insurance average of the Lancer in the five states listed in the table below. The insurance percentage is the percentage of the median price spent on insurance every year.

State Insurance Average ($) Median Price ($) Insurance Percentage (%)
Michigan 2,525 6,000 42
Missouri 1,517 9,790 15
Oklahoma 2,222 10,888 20
Kansas 1,366 10,975 12
Nebraska 1,220 10,995 11

In Michigan, your upfront costs will be lower than your long term costs. But in Nebraska, you have to spend only $1220 on insuring your car every year. The best option for drivers from Nebraska would be to buy the car from Michigan and have it shipped back home. Even if you add auto transport insurance costs and shipping costs, you might still end up saving a significant percentage of your upfront costs.

Average Yearly Insurance Premium $1,620
Mitsubishi Lancer MSRP $19,530
Estimated Monthly Income to Afford a Mitsubishi Lancer Car including Insurance $370

Mitsubishi Lancer - Average Insurance Price by Segment

Male $2,510
Male Married $1,960
Female $1,200
Female Married $1,150
Teenage Boy $5,200
Teenage Girl $2,370

Mitsubishi Lancer Safety Features - 2013

Side airbags: front and rear head curtain airbags and front seat-mounted torso airbags Driver knee airbag: a separate airbag in the lower instrument panel designed to minimize knee injuries in frontal crashes Electronic stability control Antilock brakes Daytime running lights

Expensive States for Insuring Mitsubishi Lancer

RankStateAverage Insurance of Mitsubishi LancerMSRPEstimated Monthly Income to Afford a Mitsubishi Lancer including Insurance Cost
1 Louisiana $2,800 $19,300 $390
2 Oklahoma $2,700 $19,300 $390
3 Michigan $2,700 $19,300 $390
4 Wyoming $2,300 $16,600 $340
5 Montana $2,300 $19,300 $380
6 Hawaii $2,300 $20,600 $410
7 California $2,300 $19,300 $380
8 West Virginia $1,900 $19,300 $380
9 Alabama $1,900 $19,900 $390
10 Rhode Island $1,800 $19,100 $370

Cheap States for Insuring Mitsubishi Lancer

RankStateAverage Insurance of Mitsubishi LancerMSRPEstimated Monthly Income to Afford a Mitsubishi Lancer including Insurance Cost
1 Maine $1,000 $19,300 $360
2 Iowa $1,100 $19,300 $360
3 Idaho $1,100 $23,300 $430
4 New Hampshire $1,100 $19,300 $360
5 Arizona $1,200 $17,000 $320
6 Indiana $1,200 $19,300 $360
7 Vermont $1,200 $19,300 $360
8 Illinois $1,300 $20,200 $380
9 North Carolina $1,300 $18,300 $350
10 Nevada $1,300 $19,300 $370

Mitsubishi Lancer - Remaining States under Study

RankStateAverage Insurance of Mitsubishi LancerMSRPEstimated Monthly Income to Afford of Mitsubishi Lancer including Insurance Cost
1 Ohio $1,300 $18,700 $350
2 South Carolina $1,300 $19,200 $360
3 Wisconsin $1,300 $19,300 $370
4 Arkansas $1,400 $19,300 $370
5 Colorado $1,400 $21,900 $410
6 Kansas $1,400 $19,300 $370
7 Minnesota $1,400 $19,300 $370
8 Nebraska $1,400 $19,300 $370
9 Tennessee $1,400 $19,300 $370
10 Washington $1,400 $19,300 $370
11 Florida $1,500 $19,700 $380
12 Maryland $1,500 $19,300 $370
13 Mississippi $1,500 $19,300 $370
14 North Dakota $1,500 $17,800 $340
15 New Mexico $1,500 $19,300 $370
16 Utah $1,500 $19,300 $370
17 Virginia $1,500 $20,000 $380
18 Massachusetts $1,600 $19,400 $370
19 Missouri $1,600 $19,300 $370
20 Oregon $1,600 $20,300 $390
21 Pennsylvania $1,600 $21,900 $420
22 Alaska $1,700 $20,300 $390
23 Delaware $1,700 $19,300 $370
24 New York $1,700 $19,300 $370
25 Texas $1,700 $16,600 $320
26 Connecticut $1,800 $22,800 $440
27 Georgia $1,800 $19,300 $370
28 Kentucky $1,800 $22,900 $440
29 New Jersey $1,800 $19,300 $370

Mitsubishi Lancer Models Comparison

Model Style Cylinders MSRP Average Premium of Mitsubishi Lancer models Est. Monthly Income to Afford a Mitsubishi Lancer including Insurance Cost
Lancer DE 4 Door Sedan 4 cyl. $19,500 $1,450 $370
Lancer ES 4Door Hatchback 4 cyl. $19,500 $1,490 $370
Lancer ES 4Door Sedan 4 cyl. $19,500 $1,480 $370
Lancer Ralliart 4Door Sedan 4 cyl. $19,500 $1,870 $380
Lancer Ralliart 4Door Hatchback 4 cyl. $19,500 $1,870 $380

Mitsubishi Lancer vs Small Sedan Insurance Comparision