Things to Know About Insuring Mitsubishi Vehicles
If you’re looking to insure your Mitsubishi vehicle, here are a few things to keep in mind:
- Insurance rates for Mitsubishi vehicles vary depending on the model, age, and other factors. Generally, newer and more expensive Mitsubishi models will be more expensive to insure, while older and more affordable models will be cheaper.
- Some of the factors that can affect insurance rates include the vehicle’s safety features, the driver’s age and driving history, the location where the vehicle is kept, and the level of coverage chosen.
- Mitsubishi offers a range of vehicles, including sedans, SUVs, and crossovers, each with its own unique features and capabilities. This means that the insurance rates will also vary between models.
- Mitsubishi offers a number of safety features on its vehicles, including advanced airbags, anti-lock brakes, and stability control. These features can help lower insurance rates as they can reduce the likelihood of accidents.
- To get the best insurance rates for your Mitsubishi vehicle, it’s important to shop around and compare quotes from different insurers. It’s also a good idea to check for any available discounts or promotions that may be available for Mitsubishi drivers, such as safe driver discounts or bundling discounts for multiple policies.
- In addition to standard insurance coverage options like liability, collision, and comprehensive coverage, Mitsubishi also offers extended warranty and service plans that can help protect your vehicle and provide peace of mind. These plans can be customized to fit your specific needs and budget.
Do Mitsubishi Vehicles Cost More to Insure than Other Brands?
It’s difficult to generalize about insurance rates for Mitsubishi vehicles compared to other brands, as insurance rates are affected by a variety of factors, including the specific make and model of the vehicle, the driver’s age and driving history, the location where the vehicle is kept, and the level of coverage chosen.
That being said, Mitsubishi vehicles are generally considered to be affordable and reliable, and many of them come with advanced safety features that can help lower insurance rates. As a result, insurance rates for Mitsubishi vehicles may be competitive with those for other similar brands and models.
To get an accurate idea of insurance rates for a specific Mitsubishi model compared to other brands, it’s important to compare quotes from multiple insurers, taking into account all relevant factors such as the driver’s age, driving record, location, and coverage needs.
The Average Cost of Mitsubishi Car Insurance in Canada?
The average cost of Mitsubishi car insurance in Canada will depend on a variety of factors, including the make and model of the Mitsubishi vehicle, the age and driving history of the driver, the location where the vehicle is registered and driven, and the level of coverage chosen.
That being said, here is a general breakdown of average Mitsubishi car insurance rates by province in Canada:
- Alberta: $1,250 – $1,650
- British Columbia: $1,600 – $2,100
- Manitoba: $1,000 – $1,200
- New Brunswick: $900 – $1,100
- Newfoundland and Labrador: $1,200 – $1,400
- Northwest Territories: $1,400 – $1,500
- Nova Scotia: $900 – $1,100
- Nunavut: $1,600 – $1,800
- Ontario: $1,500 – $2,000
- Prince Edward Island: $800 – $1,000
- Quebec: $700 – $1,000
- Saskatchewan: $1,000 – $1,200
- Yukon: $1,300 – $1,500
The table below shows the Mitsubishi car insurance cost for a sample driver.
|City||Average Mitsubishi Car Insurance Cost*|
It’s important to keep in mind that these are only rough estimates and that the actual cost of Mitsubishi car insurance will vary depending on many individual factors. To get a more accurate quote, it’s best to contact multiple insurers and compare quotes based on your specific needs and circumstances.
Mitsubishi Model Factors that Lower Auto Insurance Costs
There are several Mitsubishi model related factors that can help lower auto insurance costs:
- Safety features: Many Mitsubishi models come with advanced safety features, such as anti-lock brakes, airbags, and stability control. These features can help reduce the risk of accidents and injuries, and may lead to lower insurance premiums.
- Anti-theft features: Some Mitsubishi models are equipped with anti-theft features, such as alarms and immobilizers, which can help prevent theft and reduce the risk of insurance claims.
- Vehicle size: Generally speaking, larger and heavier vehicles are considered safer than smaller, lighter vehicles, as they offer more protection in the event of an accident. Some Mitsubishi models, such as the Outlander SUV, are larger and may be less expensive to insure as a result.
- Driver assistance technologies: Many Mitsubishi models come with driver assistance technologies, such as lane departure warning and forward collision warning. These features can help prevent accidents and may lead to lower insurance rates.
- Repair costs: In general, vehicles with higher repair costs are more expensive to insure, as insurers may have to pay more in the event of a claim. Some Mitsubishi models, such as the Mirage and the Eclipse Cross, are known for being affordable to repair, which may help lower insurance costs.
Mitsubishi Model Factors that Increase Auto Insurance Costs
Here are some Mitsubishi model related factors that could increase auto insurance costs:
- High-performance models: Mitsubishi has several high-performance models, such as the Lancer Evolution and the 3000GT, which may be more expensive to insure due to their increased risk of accidents and higher repair costs.
- Luxury features: Some Mitsubishi models may come equipped with luxury features, such as premium sound systems, leather seats, and high-end electronics, which can increase the cost of repair or replacement and therefore insurance rates.
- Model age: As a general rule, newer cars tend to be more expensive to insure than older cars. This is because they have higher replacement and repair costs.
- Vehicle value: The value of a Mitsubishi vehicle can also impact insurance rates. More expensive models, such as the Outlander PHEV and the Eclipse Cross, may be more expensive to insure due to their higher value.
- Frequency of insurance claims: The frequency of insurance claims for a specific Mitsubishi model may also impact insurance rates. If a particular model is associated with a higher frequency of claims or accidents, then insurance companies may charge higher rates for that model.
Tips for Finding Cheap Mitsubishi Car Insurance Rates
Here are some tips for finding cheap Mitsubishi car insurance rates, which take into account Mitsubishi model-related factors:
- Choose a model with lower repair costs: Some Mitsubishi models, such as the Mirage and the Eclipse Cross, are known for being affordable to repair, which may help lower insurance costs. Choosing a Mitsubishi model with lower repair costs can help lower insurance premiums.
- Opt for a higher deductible: Increasing your insurance deductible can lower your monthly premium. However, it’s important to make sure that you can afford to pay the higher deductible if you need to file a claim.
- Consider a telematics program: Many insurance companies offer telematics programs that monitor your driving habits and offer discounts based on safe driving behaviors. If you drive a Mitsubishi model with advanced safety features, such as lane departure warning and forward collision warning, you may be able to take advantage of this type of program.
- Shop around for quotes: It’s always a good idea to shop around and compare quotes from multiple insurers. This can help you find the best deal on Mitsubishi car insurance based on your specific needs and circumstances.
- Bundle your policies: If you have multiple insurance policies, such as homeowners insurance or renters insurance, you may be able to save money by bundling them with your Mitsubishi car insurance policy.
- Drive safely: Avoiding accidents and traffic violations can help keep your insurance premiums low. This is especially important if you drive a Mitsubishi model that is associated with a higher risk of accidents, such as a high-performance model.
Some Interesting Facts About Mitsubishi:
All Mitsubishi Models
Here are some interesting facts about Mitsubishi:
- Mitsubishi is a Japanese multinational automotive manufacturer that was founded in 1870 as a shipping company. It began producing cars in 1917.
- The Mitsubishi Group of companies is made up of over 40 individual companies that operate in a range of industries, including automotive, electronics, and finance.
- The word “Mitsubishi” is made up of two parts: “mitsu,” which means “three,” and “hishi,” which means “water chestnut.” The three diamond logo of Mitsubishi represents a water chestnut with three leaves.
- Mitsubishi has been involved in several automotive partnerships over the years, including a long-standing partnership with Chrysler, which lasted from the 1970s until 2017.
- In addition to producing cars, Mitsubishi has also been involved in the production of aircraft, ships, and railway systems.
- Mitsubishi is known for producing several iconic sports cars, including the Lancer Evolution and the 3000GT. These models have become popular among car enthusiasts for their performance and handling.
- Mitsubishi has also been a pioneer in electric and hybrid vehicle technology, producing the i-MiEV electric car and the Outlander PHEV hybrid SUV.
- The Mitsubishi brand has a strong presence in several countries, including the United States, Canada, Australia, and many countries in Europe and Asia.
- Mitsubishi has a long history of innovation and has won several awards for its products and technologies, including the Automotive Brand Contest award and the Japan Car of the Year award.
- Mitsubishi has a commitment to sustainability and has set a goal of achieving carbon neutrality by 2050. The company is investing in renewable energy and working to reduce its carbon footprint across all of its operations.
What is the Average Maintenance Cost of a Mitsubishi in Canada?
The average maintenance cost of a Mitsubishi in Canada will depend on several factors, including the make and model of the Mitsubishi vehicle, the age of the vehicle, the type of maintenance required, and the location where the vehicle is serviced.
That being said, here is a general breakdown of average Mitsubishi maintenance costs by province in Canada:
- Alberta: $550 – $700
- British Columbia: $600 – $800
- Manitoba: $500 – $700
- New Brunswick: $450 – $650
- Newfoundland and Labrador: $500 – $700
- Northwest Territories: $600 – $800
- Nova Scotia: $450 – $650
- Nunavut: $700 – $900
- Ontario: $550 – $750
- Prince Edward Island: $450 – $650
- Quebec: $500 – $700
- Saskatchewan: $550 – $750
- Yukon: $600 – $800
Known Issues With Mitsubishi Vehicles
Like all vehicles, Mitsubishi vehicles have had some common issues reported by owners over the years. Here are some of the most notable issues:
- Transmission issues: Some Mitsubishi models, such as the Lancer and Outlander, have been reported to have transmission problems. Symptoms may include slipping gears, hesitation or rough shifting, and loss of power.
- Electrical issues: Some Mitsubishi models have had electrical problems, such as faulty sensors, malfunctioning instrument panels, and issues with the charging system.
- Fuel system problems: Some Mitsubishi models have had fuel system problems, such as fuel leaks, faulty fuel pumps, and issues with the fuel injection system.
- Suspension issues: Some Mitsubishi models have had issues with the suspension system, such as worn or damaged ball joints, worn or damaged control arms, and issues with the shocks and struts.
- Oil leaks: Some Mitsubishi models have had problems with oil leaks, which may be caused by a faulty oil pan gasket, oil filter, or oil pump.
What is the Safety Rating of Mitsubishi?
The safety ratings of Mitsubishi vehicles can vary depending on the specific make and model. Here are the safety ratings of some popular Mitsubishi models according to the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS):
- Mitsubishi Outlander: The 2022 Mitsubishi Outlander has received a 5-star overall safety rating from the NHTSA. It has also been named a Top Safety Pick+ by the IIHS, which is the highest safety rating that the organization awards.
- Mitsubishi Eclipse Cross: The 2022 Mitsubishi Eclipse Cross has received a 5-star overall safety rating from the NHTSA. It has also been named a Top Safety Pick by the IIHS, which is the second-highest safety rating that the organization awards.
- Mitsubishi Mirage: The 2022 Mitsubishi Mirage has received a 4-star overall safety rating from the NHTSA. It has not yet been rated by the IIHS.
- Mitsubishi Outlander PHEV: The 2022 Mitsubishi Outlander PHEV has not yet been rated by the NHTSA or the IIHS.
Does Mitsubishi Get Stolen a Lot in Canada?
According to data from the Insurance Bureau of Canada (IBC), some Mitsubishi models have been listed among the most stolen vehicles in Canada in recent years. However, it’s important to note that theft rates can vary depending on a variety of factors, including the specific make and model of the vehicle, the location where it is kept, and the type of theft prevention measures in place.
Here are some examples of Mitsubishi models that have been listed among the most stolen vehicles in Canada in recent years, according to IBC data:
- Mitsubishi Lancer
- Mitsubishi RVR
- Mitsubishi Outlander
Is Mitsubishi Easy to Steal?
There is no definitive answer to why Mitsubishi vehicles are among the most stolen in Canada, but there are some factors that may contribute to this trend:
- Popularity: Some Mitsubishi models, such as the Lancer and Outlander, have been popular with car enthusiasts, which can increase their desirability among thieves.
- Older models: Some of the most stolen Mitsubishi models are older models that may not have advanced anti-theft features, such as immobilizers or alarms. Thieves may find it easier to steal these older models.
- Availability of parts: Mitsubishi vehicles may be popular among car thieves because replacement parts are readily available and relatively inexpensive.
- Geographic location: The prevalence of car theft can vary depending on geographic location. Some areas may have higher rates of car theft due to factors such as population density, crime rates, and ease of access to major highways.
- Lack of anti-theft devices: Mitsubishi owners who do not use anti-theft devices, such as steering wheel locks, can make their vehicles more vulnerable to theft.
List of Most Frequently Stolen Mitsubishi Vehicles in Canada
According to the Insurance Bureau of Canada (IBC), the following are the most frequently stolen Mitsubishi vehicles in Canada:
- 2017 Mitsubishi RVR
- 2018 Mitsubishi RVR
- 2019 Mitsubishi RVR
- 2015 Mitsubishi Lancer
- 2016 Mitsubishi RVR
- 2015 Mitsubishi RVR
- 2017 Mitsubishi Lancer
- 2018 Mitsubishi Outlander
- 2016 Mitsubishi Outlander
- 2018 Mitsubishi Mirage
Pros and Cons of Mitsubishi Vehicles
Like all vehicles, Mitsubishi vehicles have their own set of pros and cons. Here are some of the most notable ones:
- Affordability: Mitsubishi vehicles are generally more affordable than many of their competitors, which can make them a great option for drivers on a budget.
- Warranty: Many Mitsubishi vehicles come with a 10-year/160,000-kilometer powertrain warranty, which is one of the best in the industry.
- Fuel efficiency: Mitsubishi has been a pioneer in electric and hybrid vehicle technology, and many of its models are known for being fuel-efficient.
- Advanced safety features: Many Mitsubishi models come with advanced safety features, such as lane departure warning and forward collision warning, which can help prevent accidents and keep drivers safe.
- Sporty styling: Mitsubishi is known for producing several iconic sports cars, such as the Lancer Evolution and the 3000GT, which have become popular among car enthusiasts for their performance and styling.
- Quality concerns: Some Mitsubishi models have had issues with quality and reliability over the years, which can lead to higher repair costs and lower resale value.
- Limited model range: Mitsubishi has a more limited model range compared to some of its competitors, which can limit choices for consumers.
- Outdated technology: Some Mitsubishi models may not have the most up-to-date technology and features compared to other vehicles in their class.
- Safety concerns: While many Mitsubishi models come with advanced safety features, some models have had lower safety ratings than their competitors, which can raise safety concerns for some drivers.
- Resale value: Mitsubishi vehicles may have lower resale value compared to some of their competitors, which can make them less appealing to some buyers.
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