Mirage Insurance

What You Need to Know to Properly Insure Your Mitsubishi Mirage

(Learn about coverage options and why you need it)

Mitsubishi Mirage

The Mitsubishi Mirage has swept into the automobile market as one of the most affordable subcompact hatchbacks available. With its exceptional fuel economy, the Mitsubishi Mirage is a great choice for the financially conscious car shopper. Driving any car comes with a number of risks which is why it's important to have proper insurance. Start by using our find-an-agent tool to be matched with a local independent insurance agent who can help you shop for coverage that will meet your needs. 

What Type of Insurance Do You Need for a Mitsubishi Mirage?

Are you comfortable with the different insurance options available to you? Car insurance can be overwhelming with a variety of required and optional coverages.  Every state has minimum requirements for insurance coverage so your insurance agent can make sure you have the coverage required. In addition, they can recommend additional coverage you may benefit from. 

The following coverages are mandated in most states

Bodily injury liability: It's very possible that at some point in your life you'll cause an accident. If that happens, bodily injury liability insurance pays for any injuries sustained by the other driver. State laws require a minimum amount of this coverage. 

Property damage liability: Sometimes you run into things that aren't other vehicles. If you accidentally get in an accident with a mailbox, fence, or someone's trailer parked on the road, property damage liability pays for the damage that was caused. States also mandate a minimum amount of this coverage. 

Some states also require the following coverage:

Medical payments/Personal injury protection: If you or a passenger in your car are injured in an accident, it can lead to high medical costs. While your health insurance would step in, personal injury protection (PIP) or medical payments coverage can help pay for any additional incurred costs.

Uninsured motorist coverage: It may come as a surprise to learn that one in eight drivers are driving without insurance. If you're in an accident with someone who doesn't have insurance, it's unlikely they'll pay for the damage to your vehicle or any injuries you sustain. Uninsured motorist coverage provides reimbursement for these costs.  

Optional coverage options to consider

Collision coverage: Collisions with other vehicles or objects can result in hefty bills in repairs. Collision insurance is highly recommended by most insurance agents because it helps pay for the costs associated with a collision. 

Comprehensive coverage: Your car can be damaged in a number of ways outside of colliding with another vehicle. From hail storms to being vandalized or an unfortunate encounter with a deer, comprehensive insurance covers claims that collision insurance does not. 

Glass coverage: Windshield repair can be expensive and inconvenient. Usually, the price to replace a windshield is less than the deductible, which means it's not worth making a claim. But it is still a big amount of money to pay out of pocket. Glass coverage is a great option for windshield replacement that usually has minimal to no deductible. 

Gap insurance: If you owe more on your Mitsubishi Mirage than it's worth, gap insurance can help pay in the event that you experience an accident that results in a total loss. Gap insurance covers the difference between what the car is worth and what you owe. 


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What Affects the Cost of Insurance for Your Mitsubishi Mirage?

Annual mileage: Everyone drives a different amount of miles each year which will affect the cost of your insurance premiums. The more often you're on the road the greater chance of getting in an accident, so insurance premiums account for that risk. 

Driving record: How does your driving record look? Do you have violations? If so, you'll notice higher rates on your insurance premiums until the violations fall off your record. Your insurance agent can help you understand the time frame of how long certain violations will stay on your record. 

Vehicle value: We mentioned earlier that the Mitsubishi Mirage is one of the most affordable new cars on the market. It only comes in two models, hatchback or sedan, and automatic or manual. A manual hatchback will only run you $15,000 while an automatic sedan will run you $17,290. Since it costs insurance companies more money to replace expensive cars, the cheaper your car, the better insurance rates you'll get. In addition, as a car's value decreases so will its insurance cost, so you may be able to save money on a Mitsubishi Mirage that is a few years old. 

Model Year Average cost of a Mitsubishi Mirage
2020 $13,995 - $17,745
2019 $10,175 - $12,350
2018 $8,475 - $10,475
2017 $7,600 - $8,775

Vehicle safety

Insurance companies will take the safety of your vehicle into consideration when setting premium costs. The Insurance Institute for Highway Safety (IIHS) gave the Mitsubishi Mirage a "good" rating in the side, year, and roof crash tests which is their highest rating designation. The Mitsubishi Mirage also received four-out-of-five stars by the National Highway Traffic Safety Administration (NHTSA) overall crash rating. 

Where you live with your Mitsubishi Mirage

Where you reside with your car will have an influence on the cost of your insurance premium. Drivers who live in more populated areas will generally have higher premiums than those who live in rural towns due to increased risk for incidents like collisions or theft. 

For example, drivers in Chicago may pay $487 a year less than drivers in Los Angeles.

Additional factors that affect your Mitsubishi Mirage insurance premiums

In addition to the above factors, the following will also be taken into consideration when setting your car insurance premium.

  • Safety features like anti-theft devices
  • Your age
  • Your gender
  • The deductibles you choose
  • Your credit rating

What Is the Average Cost to Insure a Mitsubishi Mirage?

Average annual cost to insure a Mitsubishi Mirage  $1,248
Teens $4,561
High-risk drivers $2,658
High deductibles $1,076
Low deductibles $1,571

Which states are most affordable and least affordable for car insurance? 

Estimated annual Mitsubishi Mirage insurance premiums in the United States:

Most expensive states:
Michigan $2,170
Louisiana $1,848
Kentucky $1,702
Rhode Island $1,666
Florida $1,562
Most affordable states:
Maine $770
North Carolina $720
Virginia $746
Ohio $862
Idaho $966

Top Insurance Carriers That Insure the Mitsubishi Mirage

No two insurance companies are exactly alike, meaning it’s important to select an insurer that fits your needs. The US Independent Insurance Agent Satisfaction Study by J.D. Power awarded the following companies high marks: 

  1. Auto-Owners Insurance
  2. Geico
  3. Shelter
  4. Progressive
  5. State Farm

Get a Mitsubishi Mirage Quote

An independent insurance agent can help you get the most affordable quote available for your Mitsubishi Mirage. Your agent will shop quotes from top insurance companies, finding you the best rate. Your agent can help you understand how to balance premium costs and insurance levels so you get the best value for your dollar. 

Reach out to a TrustedChoice.com agent today to get a quote for insurance on your Mitsubishi Mirage. An independent insurance agent can shop dozens of insurance companies and help you get the right type of auto insurance.

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