Mitsubishi Insurance

When most Americans hear the name Mitsubishi, a 19th century shipping firm and coal mining company is probably not the first thing that comes to mind. Yet that was a part of the Japanese automaker's long history. Mitsubishi became one of the first Japanese car companies in 1917. The company diversified in many different areas up until World War II, when it mainly built fighter planes. Today, you can obtain affordable auto insurance for a number of Mitsubishi makes.

Mitsubishi is a large corporation today, owning everything from Japan's largest bank to nuclear power plants. Nevertheless, Americans recognize the name first and foremost as an automaker. Popular brands of Mitsubishi on the road today include the Mitsubishi Lancer and the Mitsubishi Eclipse.

Mitsubishi safety rating effects on auto insurance

Mitsubishi vehicles did not receive high marks when it came to rear crash test results. In fact, they scored poorly, with only the Mitsubishi Outlander and Mitsubishi Lancer models receiving good ratings. In fact, the Lancer and Outlander models made the Insurance Institute for Highway Safety's Top Safety Picks list.

When it comes to theft, the newer Mitsubishi models generally have lower risks than older models. Three Mitsubishi models made the Top 100 Most Stolen Vehicles List:

1. The Mitsubishi Galant
2. Mitsubishi Mirage
3. Mitsubishi Eclipse

Of the three, the Eclipse is the only new model manufactured by Mitsubishi.

Average Mitsubishi auto insurance premiums

Insurance costs for Mitsubishi vary, but no model exceeds $2,000 per year. In fact, the average cost of insurance for a Mitsubishi is $1,483 annually. The model with the highest insurance expense is the Mitsubishi Eclipse Spyder, with an annual cost of $1,855. The Mitsubishi Eclipse, however, costs $1,689.

The Mitsubishi Lancer has the lowest insurance cost of all of the models, with yearly premiums of $1,194. The Mitsubishi Outlander and Raider cost $1,301 and $1,379 respectively. Right in the middle of the Mitsubishi models when it comes to insurance costs is the Galant, which costs $1,482 per year.