Things to Know About Insuring Mitsubishi Vehicles
Insuring a Mitsubishi, or any vehicle, involves considering various factors that affect insurance premiums and coverage options. Below are some general things to keep in mind when seeking insurance for a Mitsubishi vehicle:
1. Model and Make Matter:
- Type of Model: Different models have different insurance costs. For instance, insuring a Mitsubishi Mirage may be different from insuring a Mitsubishi Outlander due to differences in vehicle size, cost, and safety features.
- Vehicle Age: Newer models might cost more to insure because their replacement parts are often more expensive.
2. Safety Ratings:
- Crash Test Ratings: Vehicles with higher safety and crash test ratings usually cost less to insure. Check the safety ratings of the Mitsubishi model you’re interested in.
- Safety Features: Enhanced safety features like anti-lock brakes and an advanced airbag system might reduce the insurance premium.
- Mileage: If you drive your Mitsubishi a lot, your insurance premium might be higher due to increased accident risk.
- Purpose: Commercial use vehicles are often more expensive to insure than personal use vehicles.
4. Driver Profile:
- Age and Driving Experience: Young and inexperienced drivers typically face higher premiums.
- Driving Record: A clean driving record can help lower your insurance premium.
- Area Risks: If you live in an area with high accident or theft rates, your insurance might be more expensive.
6. Coverage Types:
- Liability Coverage: Covers damages or injuries you cause to others.
- Collision Coverage: Pays for damages to your Mitsubishi regardless of fault.
- Comprehensive Coverage: Covers non-collision-related damages, such as theft or natural disasters.
- Multi-policy: You might get a discount if you bundle auto insurance with another type of insurance, like home or renters insurance.
- Safety and Security: Some insurers offer discounts for having safety and anti-theft devices installed.
- Good Driver: Maintaining a clean driving record can qualify you for additional discounts.
- Choosing the Deductible: A higher deductible typically means a lower premium, but you’ll pay more out-of-pocket in the event of a claim.
9. Claims Process:
- Customer Service: Consider the insurer’s reputation regarding customer service and claim handling.
- Online Access: Check if the insurance provider allows online management of claims and policies.
10. Specialty Insurance Options:
- Classic or Modified Cars: If your Mitsubishi is a classic or has been modified, you may need specialized coverage.
- Gap Insurance: If you’re leasing or financing your vehicle, consider gap insurance to cover the difference between the car’s actual cash value and the remaining balance on your loan or lease in case it’s totaled.
- Comparing Quotes: Always compare insurance quotes from multiple providers to ensure you’re getting the best deal.
- Periodic Review: Review your insurance needs periodically, especially after significant life changes, to ensure your coverage remains adequate and cost-effective.
Do Mitsubishi Vehicles Cost More to Insure than Other Brands?
In Canada, the cost to insure a vehicle can be influenced by a variety of factors, including the make and model of the vehicle. Here are some considerations specific to Mitsubishi vehicles:
Comparison with Other Brands:
- Generally Moderate: Mitsubishi models, such as the Mitsubishi Mirage, are often perceived as relatively economical to insure when compared to some other brands. This is due in part to their generally affordable repair costs and solid safety features.
- Performance Models: However, if you’re looking at a performance-oriented model, like certain trims of the Mitsubishi Lancer, insurance might be pricier due to the higher repair costs and potentially increased risk associated with sportier vehicles.
Factors Influencing Insurance Costs:
- Repair Costs: The cost of repairs is a crucial factor. If Mitsubishi parts are readily available in Canada and repairs are typically straightforward, this can help to keep insurance premiums lower.
- Safety Ratings: Mitsubishis tend to have moderate to good safety ratings, which can also positively impact insurance costs.
- Theft Rates: Certain models may be targeted for theft more frequently than others, affecting insurance costs. Mitsubishi models are not particularly known for high theft rates in Canada, but it’s wise to check specific models.
Additional Influential Factors:
- Location: Urban areas might have higher insurance costs than rural areas due to increased risk of theft and accidents.
- Driver’s Profile: Age, driving history, and other personal factors continue to be significant determinants in the cost of insurance.
- Multiple Quotes: Always get several insurance quotes, as premiums for the same vehicle and driver can vary widely between insurance companies.
- Discounts: Explore discounts offered by insurance companies, like multi-policy, multi-vehicle, or safe driver discounts.
- Driving Record: Keeping a clean driving record is crucial for maintaining lower insurance premiums.
Models Commonly Found in Canada:
- Mitsubishi Mirage: Often touted as one of the more affordable vehicles to insure due to its smaller size and relatively inexpensive parts.
- Mitsubishi Outlander: A popular SUV, the insurance costs can be influenced by its features, safety ratings, and repair costs.
- Mitsubishi RVR: Its compact size and safety features usually make it relatively affordable to insure.
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
Mitsubishi, known for producing a range of vehicles from compact cars to SUVs, often features several elements that may help in lowering auto insurance costs. Some key factors related to Mitsubishi models that might positively influence insurance premiums include:
1. Safety Features:
- Advanced Safety Technologies: Models with advanced safety features like Forward Collision Mitigation, Lane Departure Warning, and Automatic High Beams might be viewed positively by insurers.
- Good Safety Ratings: Models with higher safety ratings from organizations like the Insurance Institute for Highway Safety (IIHS) and the National Highway Traffic Safety Administration (NHTSA) tend to have lower insurance premiums.
2. Affordability and Repair Costs:
- Cost-Effective Repairs: Mitsubishi parts are relatively affordable and widely available, which can keep repair costs lower.
- Depreciation: Mitsubishi vehicles tend to depreciate at a moderate rate, which can also influence lower comprehensive coverage costs.
3. Low-Theft Rates:
- Less Targeted by Thieves: Vehicles that are less targeted for theft generally cost less to insure. Historically, many Mitsubishi models have not been high on the list of frequently stolen vehicles.
4. Vehicle Type:
- Economical Models: Models like the Mitsubishi Mirage, known for their economical pricing and maintenance, generally attract lower premiums.
- Non-Sport Models: Mitsubishi models that are not sports-oriented typically cost less to insure compared to their sportier counterparts.
5. Engine Size:
- Smaller Engines: Vehicles with smaller, less powerful engines (like some variants of the Mitsubishi Mirage) might be cheaper to insure compared to models with larger, more powerful engines.
6. Model Popularity:
- Mass-Market Appeal: Popular models that are known for their reliability and have a widespread market (like the Mitsubishi Outlander) may benefit from a well-established network of repair services and parts availability, potentially reducing insurance costs.
7. Environmental Factors:
- Fuel Efficiency: While this may not directly lower insurance premiums, models with higher fuel efficiency, like some Mitsubishi vehicles, can offer cost savings in other areas of ownership.
Examples of Mitsubishi Models:
- Mitsubishi Mirage: Known for its economic value and smaller engine, it is typically one of the more affordable cars to insure.
- Mitsubishi Eclipse Cross: With a mix of compact size and SUV functionality, its repair costs and safety features might influence insurance costs.
- Mitsubishi Outlander: As a widely recognized and popular SUV model, its safety features and repairability may be considered positively by insurers.
Mitsubishi Model Factors that Increase Auto Insurance Costs
Certain factors inherent to specific Mitsubishi models (or variants of models) might potentially increase auto insurance costs. Here are some factors that can contribute to higher insurance premiums:
1. High-Performance Models:
- Powerful Engines: Models or trims with more powerful engines, such as sport variants of the Mitsubishi Lancer, might be associated with higher insurance costs due to increased accident risk and repair costs.
- Sport Models: Cars that are designed for performance or are sportier might be seen as higher risk, thus leading to a rise in insurance costs.
2. Expensive Parts or Repairs:
- Imported Parts: Some Mitsubishi models or trims might require imported or more expensive parts for repairs, which can elevate the cost of insurance.
- Specialized Repair Knowledge: Vehicles requiring specialized expertise for repairs could have higher associated insurance costs.
3. Model’s Safety Score:
- Lower Safety Ratings: If any Mitsubishi model has a lower safety score in crash tests conducted by agencies like the IIHS or NHTSA, it may contribute to higher insurance premiums.
4. Historical Claim Data:
- High Claim Rates: Models with a history of frequent claims or higher claim costs may be subjected to higher insurance premiums.
- Theft Rates: While many Mitsubishis have moderate theft rates, any model with a higher rate of theft will usually cost more to insure.
5. Vehicle Size:
- Larger Vehicles: Some larger vehicles, like certain SUVs, might have higher insurance costs due to the potential for causing more damage in an accident (though this can be counteracted by safety features).
6. Newer Models:
- Higher Value: Newer models with a higher market value, such as a recent year Mitsubishi Outlander PHEV, might come with increased comprehensive coverage costs.
7. Advanced Features:
- Expensive Tech: While advanced technology can offer safety benefits, it can also be costly to repair, thus impacting insurance costs. For instance, models with advanced infotainment systems or sophisticated electronic systems may attract higher premiums.
Specific Model Considerations:
- Mitsubishi Lancer Evolution: Being a performance-oriented model, it might be associated with higher premiums due to its performance capabilities and potential repair costs.
- Mitsubishi Outlander PHEV: As a plug-in hybrid, it might be more expensive to repair due to its specialized hybrid technology, potentially increasing insurance costs.
- Young Drivers: High-performance models might particularly see a sharp increase in insurance costs for younger or less experienced drivers.
- Additional Coverage: Depending on the model and its associated risks, additional coverage like collision or comprehensive coverage might be recommended, which will increase premiums.
Tips for Finding Cheap Mitsubishi Car Insurance Rates
Finding affordable car insurance rates for your Mitsubishi doesn’t have to be a complex task. Here are some practical tips to help you locate the most economical rates:
1. Shop Around:
- Compare Multiple Quotes: Obtain quotes from various insurance providers and compare them to find the best deal.
- Online Tools: Utilize online comparison tools that allow you to compare rates from multiple insurers instantly.
2. Consider the Model:
- Choose Wisely: Opt for a Mitsubishi model known for its affordability and low insurance costs, such as the Mirage, over sportier models like certain trims of the Lancer.
3. Leverage Discounts:
- Bundling: Combine multiple policies (e.g., home and auto) or insure multiple vehicles with the same provider to get a discount.
- Safety Features: Ensure the model is equipped with safety features, as some insurers offer discounts for vehicles with advanced safety technologies.
- Defensive Driving Course: Some insurers may offer discounts if you complete a defensive driving course.
4. Adjust Your Policy:
- Raise Deductibles: Consider opting for a higher deductible (the amount you pay out of pocket before insurance kicks in) to lower your premium.
- Limit Coverage: For older vehicles, consider whether comprehensive and collision coverage are cost-effective.
- Policy Adjustments: Review your policy periodically to make sure you’re not over-insured or underinsured.
5. Maintain a Good Driving Record:
- Safe Driving: A history of safe, violation-free driving can significantly lower your insurance premiums.
- Claim-Free History: Some insurers offer discounts or lower rates for drivers who have not made previous insurance claims.
6. Risk Reduction:
- Anti-Theft Devices: Installing anti-theft devices can sometimes qualify you for discounts on your insurance premium.
- Garage Parking: Storing your vehicle in a secure location, like a garage, may also lower your insurance costs.
7. Check Reviews:
- Customer Satisfaction: Look into customer reviews regarding claim processing and customer service when choosing an insurer.
- Financial Stability: Consider the insurer’s financial stability to ensure they can cover claims effectively.
8. Group Insurance:
- Employer-Provided Discounts: Check if your employer has tie-ups with insurance providers offering discounted rates to employees.
- Professional Organizations: Membership in certain organizations or groups might qualify you for additional discounts.
9. Pay Annually:
- Annual Payment: If possible, pay your premium annually instead of monthly to potentially lower the overall cost.
10. Loyalty Can Pay Off:
- Loyalty Discounts: Some insurers reward long-term customers with lower rates.
- Referral Programs: Utilize referral programs, if available, for additional discounts.
11. Teenage Drivers:
- Good Student Discounts: If a young driver on your policy gets good grades, it may qualify for additional discounts.
- Add to Parents’ Policy: Adding a teenage driver to the parents’ policy, instead of having their own, may be more cost-effective.
12. Usage-Based Insurance:
- Drive Less: Consider usage-based insurance if you don’t drive frequently or far distances.
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
Mitsubishi vehicles, like all brands, have experienced certain issues and recalls over the years. It’s important to note that while some models may have known issues, it does not imply that all vehicles within that model range will experience problems. Below are some general issues that have been reported or recalled in various Mitsubishi models, keeping in mind that this is not exhaustive and issues can vary widely by specific year and model:
1. Transmission Issues:
- Some models have experienced issues with their Continuously Variable Transmission (CVT), such as jerking or hesitation during acceleration.
2. Engine Problems:
- Reports have included issues like premature engine wear, oil leaks, and in some instances, engine failure.
3. Rust and Corrosion:
- In certain older models, owners have reported issues related to rust and corrosion, particularly in regions that experience harsh winters and road salt use.
4. Electrical and Electronics Issues:
- Some Mitsubishi models have seen problems related to electrical systems, including issues with power windows, locks, and infotainment systems.
5. Fuel System Issues:
- Certain models have had problems with their fuel pumps, which may cause the engine to stall during driving.
6. Cooling System:
- Some owners have reported issues with the radiator and cooling system, impacting the vehicle’s ability to maintain an optimal operating temperature.
7. Brake System:
- There have been instances where brake components, like the ABS pump, have faced functionality issues or premature wear.
- Various Mitsubishi models have been recalled over the years for issues ranging from faulty airbags (part of the broader Takata airbag recall) to specific concerns with individual models.
9. Steering Issues:
- Problems with power steering components and functionality have been reported in some instances.
- Mitsubishi Lancer: Some older models have experienced issues with excessive oil consumption and transmission hesitations.
- Mitsubishi Outlander: Certain models have been associated with issues like premature wear of the rear differential and electronic issues.
- Mitsubishi Mirage: Some owners have reported issues related to engine performance and the manual transmission.
- Mitsubishi Eclipse: Before its discontinuation, the Eclipse experienced some issues with its automatic transmission and clear coat peeling.
What is the Safety Rating of Mitsubishi?
The safety rating of Mitsubishi vehicles can depend significantly on the specific model and year. Different models might perform differently in safety tests conducted by various organizations. Two renowned bodies that assess vehicle safety are the National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) in the United States.
- Mitsubishi Mirage: Some model years of the Mirage have received 4 out of 5 stars in NHTSA crash tests.
- Mitsubishi Outlander: The Outlander has generally performed well, with some model years receiving a 5-star overall safety rating.
- Mitsubishi Eclipse Cross: This model also has a commendable safety record, with some years securing a 5-star overall rating.
- Mitsubishi Outlander: The Outlander has been recognized by the IIHS and has achieved the “Top Safety Pick+” (the highest rating) in specific model years.
- Mitsubishi Mirage: The Mirage’s performance in IIHS tests has varied, with different model years achieving varying levels of success.
- Mitsubishi Eclipse Cross: The Eclipse Cross has also been subject to IIHS testing and received praise for its crashworthiness in certain aspects.
3. European New Car Assessment Programme (Euro NCAP):
If considering a global perspective and including European models, Euro NCAP also provides safety ratings, and Mitsubishi models have undergone their evaluations.
Mitsubishi incorporates several safety features in their vehicles, such as:
- RISE (Reinforced Impact Safety Evolution) Body: Mitsubishi’s RISE body construction is designed to absorb energy during high-impact collisions.
- Advanced Driver-Assistance Systems: These may include features like Forward Collision Mitigation, Lane Departure Warning, and Automatic High Beams, which are available in models like the Mitsubishi Outlander.
- Airbag Systems: Comprehensive airbag systems to protect occupants in the event of a collision.
- Ratings can fluctuate between different model years due to design changes and technological advancements.
- It’s critical to check the specific model and year when looking into safety ratings to get accurate and relevant information.
Always refer to the most recent and model-specific safety data from trustworthy sources like the NHTSA, IIHS, or Euro NCAP. This ensures that you are viewing the most accurate and up-to-date safety information regarding the specific Mitsubishi vehicle in question.
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?
The ease with which a vehicle can be stolen often depends on its age, model, and the available anti-theft features. Modern Mitsubishi vehicles are equipped with a range of security features designed to deter theft, such as:
1. Immobilizer System:
- The engine immobilizer system prevents the engine from starting without the use of a genuine key specific to the vehicle.
2. Keyless Entry:
- Newer models may be equipped with a smart key system that enhances security by using rolling codes.
3. Anti-Theft Alarm System:
- An alarm system that is triggered when unauthorized entry is attempted.
4. Steering Lock:
- A steering wheel lock that activates once the key is removed from the ignition.
5. Security Window Etching:
- Some owners choose to have their vehicle identification number (VIN) etched into the windows to deter theft.
However, older models of Mitsubishi, like many brands, may be easier targets for theft due to lacking some of the advanced security features found in newer models. Vehicles that do not have smart keys, immobilizers, or alarm systems are inherently more vulnerable to theft.
- Location: Certain areas might have higher vehicle theft rates regardless of the vehicle model.
- Demand for Parts: Vehicles that are stolen often are sometimes those with a high demand for parts in the second-hand market.
- Overall Popularity: Sometimes, sheer numbers of a particular model in circulation can make it a more common target.
Tips to Prevent Theft:
- Park Strategically: Choose well-lit and populated areas to park your vehicle.
- Use Additional Security: Employ steering wheel locks, brake pedal locks, or wheel clamps as an added deterrent.
- Install a Car Alarm: If your vehicle doesn’t already have one, installing an alarm system can deter theft.
- Hide Valuables: Ensure that no valuables are visible from outside the vehicle to make it a less attractive target.
- Tint Windows: Some owners opt for window tinting (within legal limits) to prevent easy visibility into the vehicle.
- Insurance: Ensure you have adequate insurance coverage for 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
Mitsubishi, a Japanese automotive brand, has had a varied reputation over the years and provides a diverse vehicle lineup. Here’s a general overview of the pros and cons associated with Mitsubishi vehicles, keeping in mind that specific aspects can vary widely between different models and model years.
- Budget-Friendly Options: Mitsubishi tends to offer competitively priced vehicles with several budget-friendly options.
- Cost of Ownership: Often cited as having a lower overall cost of ownership compared to some other brands.
- Lengthy Warranty: Mitsubishi offers one of the lengthier standard warranties in the industry.
- Powertrain Warranty: Their powertrain warranty is also notably extensive, providing long-term peace of mind.
3. Fuel Efficiency:
- Economical Options: Several models, like the Mitsubishi Mirage, are known for their impressive fuel efficiency.
4. Compact Models:
- City-Friendly: Smaller models like the Mirage are easy to maneuver and park in urban environments.
5. All-Wheel Drive Options:
- All-Weather Capability: Mitsubishi offers all-wheel-drive options, like their Super All-Wheel Control (S-AWC), providing enhanced stability and traction.
6. Electric and Hybrid Options:
- Eco-Friendly: Mitsubishi has invested in hybrid and electric technology, offering options like the Outlander PHEV.
1. Interior Quality:
- Materials: Some critics note that the interior materials and finishes of some Mitsubishi models might not be as premium as those found in competitors.
- Engine Options: Some consumers and critics feel that the engine options and overall performance of certain models might lack the excitement or power found in competitors.
3. Limited Lineup:
- Variety: Compared to other brands, Mitsubishi offers a somewhat limited vehicle lineup.
4. Resale Value:
- Depreciation: Certain Mitsubishi models may depreciate faster than some competitors.
5. Perception and Branding:
- Brand Reputation: In some markets, Mitsubishi might not carry the same level of prestige or recognition as some other Japanese brands.
6. Technology and Features:
- Innovation: Some consumers feel that certain models lack the latest technological features and innovations compared to rivals.
- Aesthetics: Design is subjective, but some critics and consumers might find the designs of certain models to be less contemporary or appealing than competitors.