2012 Mitsubishi Lancer Insurance Analysis

The 2012 Mitsubishi Lancer is a sporty, small sedan that still carries with it a reputation that can hurt its insurance rates.

2012 Mitsubishi Lancer

The Mitsubishi Lancer has been around since 1973, but most didn’t really pay attention to it until further in to the 90s and later. Today, there are 7 different versions of the 2012 Mitsubishi Lancer available:

• DE
• ES
• SE
• GT
• Ralliart
• GSR
• MR

2012 Mitsubishi Lancer Safety

The 2012 Mitsubishi Lancer has been named by the Insurance Institute for Highway Safety (IIHS) as a Top Safety Pick for 5 years running. Earning such high marks on the tests given by the IIHS 5 years in a row speaks very highly for how much Mitsubishi values the safety of their vehicles. Of the 7 versions of the Mitsubishi Lancer that are available, only the Ralliart model failed to receive the Top Safety Pick award.

To earn this Top Safety Pick distinction a vehicle has to receive a “good” rating in the following 4 categories:

Frontal Crash Tests

Side Impact Tests

Roof Strength Tests (rollover crashes)

Seat/head restraints

The “good” rating is the highest rating that the IIHS gives to vehicles. For vehicles that do not meet the criteria for a “good” rating, they given “acceptable”, “marginal”, and “poor” ratings.

2012 Mitsubishi Lancer Insurance Potential

There are several things going for this 2012 Mitsubishi model that will keep its insurance low.

First, the vehicle is not expensive. The 2012 Lancer starts at $16,000, meaning that not only is the vehicle inexpensive, but the replacement parts are also. Insurance companies like inexpensive parts, and they love after-market parts. Because the Mitsubishi Lancer has been around since well before I was born, after-market parts are not hard to come by for insurance companies.

Second, as a Top Safety Pick from the Insurance Institute for Highway Safety, this vehicle is going to provide the occupants of the vehicle with excellent protection in the event of an accident. More protection means less medical bills for the insurance companies to have to pay out on your insurance.

Third, the vehicle is small. Smaller vehicles create less damage when their drivers crash into things; meaning less money the insurance company will have to pay out to another party.

Even with all of these good points, the Mitsubishi Lancer did not make the list as one of the top 20 vehicles that are least expensive to insure. Why?

Because of the reputation the vehicle has. Lancers are known for being racing cars and are very popular with younger drivers. Neither of which insurance companies like to insure.

Regardless of reputation though, a 2012 Mitsubishi Lancer will still have a decent insurance premium because of the dominant good qualities it still has.