About Mitsubishi Car Insurance
Mitsubishi is known for producing reliable vehicles with affordable price tags, so Mitsubishi car insurance quotes tend to be reasonably priced. The below page should give you a good idea of what you can expect to pay for Mitsubishi car insurance in Canada, broken down by the model you drive.
You should consider comparing car insurance rates with MyChoice to save on car insurance for your Mitsubishi today. Get instant quotes from multiple providers and see which plan works best for you.
How Much Does it Cost to Insure Your Mitsubishi in Canada?
On average, it costs around $1,263 per year to insure your Mitsubishi in Canada. The price will vary depending on your Mitsubishi model, year make, region you’re living in and your driving history.
Here’s how much it would cost you on average to insure your Volvo in the following cities in Canada:
| City | Average Annual Insurance Premium |
|---|---|
| Toronto, ON | $2,099 |
| Mississauga, ON | $2,272 |
| Ottawa, ON | $1,412 |
| Peterborough, ON | $1,216 |
| Sarnia, ON | $1,372 |
| Edmonton, AB | $1,386 |
| Canmore, AB | $1,224 |
| Montreal, QC | $785 |
| Corner Brook, NL | $1,097 |
| Halifax, NS | $1,300 |
| Moncton, NB | $891 |
How Mitsubishi Car Insurance Costs Compare to Similar Vehicle Brands
When selecting a vehicle, many potential buyers often weigh the insurance rates of different brands, including Mitsubishi, against each other. Insurance costs can significantly influence the decision-making process.
Based on internal customer quote data, our analysis shows that Mitsubishi’s insurance costs are moderately priced compared to other similar car brands. While Mitsubishi’s rates are lower than Toyota and Nissan’s, they are slightly higher than those of Honda and Subaru. This makes Mitsubishi a reasonable option for buyers seeking a balance between affordability and vehicle features. Here’s a brief comparison:
| Car Model | Average Annual Insurance Premium |
|---|---|
| Mitsubishi | $1,263 |
| Nissan | $1,304 |
| Toyota | $1,355 |
| Honda | $1,181 |
| Subaru | $1,117 |
Mitsubishi Car Insurance Rates Through The Years
Over the past few years, Mitsubishi vehicle insurance rates have seen an upward trend after an initial period of stability. While premiums were relatively lower in 2021 at $914, they increased steadily to $1,003 in 2022, $1,230 in 2023, and $1,263 in 2024.
Below is an updated breakdown of Mitsubishi insurance premiums in recent years:
Mitsubishi Car Insurance Rates by Model & Year Make
When insuring your Mitsubishi, the model you choose significantly impacts the insurance rates. Our detailed analysis below provides a comprehensive view of the insurance costs for various Mitsubishi models from different years.
A Brief History of Mitsubishi
Yataro Iwasaki founded the Mitsubishi Shipping Company in 1873. In 1917, the company became Mitsubishi Motors Corporation and soon began exporting cars worldwide. It quickly outgrew the local Japanese market, and now Mitsubishi has a formidable presence in thirty countries, including Canada.
In 2016, another giant of Japanese innovation, Nissan, purchased a 34% share of Mitsubishi and incorporated it into the Renault-Nissan Alliance, including the South Korean company Renault Samsung Motors.
Mitsubishi has partnered with prominent car manufacturers, including Suzuki, Volkswagen, and Volvo. The company tends to excel in these collaborative efforts, using the opportunities to widen its sphere of influence.
Most Popular Mitsubishi Vehicles
Mitsubishis are popular vehicles in Canada, and while a few are more common than others, you are sure to see many models on the road.
If you are wondering which Mitsubishi is right for you, this list is an excellent starting point:
Mitsubishi Insurance FAQs
Are Mitsubishi Vehicles Safe to Drive?
The Mitsubishi brand is popular in Canada, and there are plenty of models on the road today. The vehicles have few safety concerns, making them a solid choice for families.
Mitsubishi vehicles also generally drive well. These cars are also noted for superb traction control and comfortable driving, making them an excellent choice for harsh Ontario winters.
Which Mitsubishi model is the least expensive to insure?
According to our internal data, the 2024 Mitsubishi Eclipse is the least expensive model to insure in Canada, with an average annual premium of $955.
Is insurance mandatory for Mitsubishi vehicles in Canada?
Car insurance in Canada is mandatory for all vehicle types, including Mitsubishis. You must have proof of insurance to register your vehicle.