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• How Much Does it Cost to Insure Your Mitsubishi Vehicle in the Philippines?

How Much Does it Cost to Insure Your Mitsubishi Vehicle in the Philippines?

Got a Mitsubishi vehicle that you need to insure? If you’re wondering how much a Mitsubishi car insurance policy costs, the best way to start is to search and compare quotes for your particular model.

But first, let’s set your expectations right. Car insurance cost in the Philippines—regardless of vehicle make and model—isn’t a fixed price. It varies depending on factors such as the add-ons you’ll get, how much your deductible is, and your vehicle’s model and variant.

To help you get started, here’s a rundown of the cheapest annual premiums for Mitsubishi car insurance in the Philippines.

Where to Get a Free Car Insurance Quote

Below is a list of top car insurance companies and their features. Compare your options and get a free quote from Moneymax!

Car Insurance Company	Features
MAPFRE Insular	10 years of casa eligibility 366 accredited repair shops PHP 5,000,000 maximum total sum insured Overnight accommodation - Yes, up to PHP 3,000 Towing - Yes, up to PHP 5,000 Vehicle removal crane services - Yes, up to PHP 10,000
Malayan Insurance	3 years of casa eligibility 58 casa repair shops PHP 7,500,000 maximum total sum insured Overnight accommodation - Yes, up to PHP 1,000 Towing - Yes, up to PHP 4,000 Vehicle removal crane services - Yes, up to PHP 8,000
New India Assurance	10 years of casa eligibility 30 accredited repair shops PHP 3,500,000 maximum total sum insured Overnight accommodation - Yes, up to PHP 1,500 Towing - Yes, up to PHP 4,000 Vehicle removal crane services - Yes, up to PHP 10,000
Prudential Guarantee	10 years of casa eligibility PHP 3,000,000 maximum total sum insured Overnight accommodation - Yes, up to PHP 2,000 Towing - Yes, up to PHP 5,500 Vehicle removal crane services - Yes, up to PHP 15,000
SGI Philippines	5 years of casa eligibility 36 accredited repair shops PHP 5,000,000 maximum total sum insured Overnight accommodation - Yes, up to PHP 2,000 Towing amount - Yes, up to PHP 5,000 Vehicle removal crane services - PHP 10,000
Stronghold Insurance	10 years of casa eligibility 167 accredited repair shops PHP 3,000,000 maximum total sum insured
The Mercantile Insurance Corporation	10 years of casa eligibility 77 accredited repair shops PHP 5,000,000 maximum total sum insured Overnight accommodation - Yes, up to PHP 2,000 Towing - Yes, up to PHP 5,000 Vehicle removal crane services - Yes, up to PHP 10,000

Mitsubishi Mirage Car Insurance Price

Cheapest Annual Premium: PHP 12,397 (2019 Mitsubishi Mirage GLS 1.2L Gas M/T)

The Mirage is one of Mitsubishi’s best selling models in the Philippines, what with its cheap cost and car insurance price.

The Mitsubishi Mirage is affordable to insure for as low as PHP 12,000+ per year, thanks to its safety features. It’s equipped with dual SRS airbags, brake override system, and emergency stop signal. Mirage once won the ASEAN NCAP Grand Prix Award for Adult Occupancy Protection in the mini car segment.

Another reason for the Mirage’s low car insurance cost is the vehicle’s budget-friendly selling price. Brand-new Mirage cars cost only less than to around PHP 700,000 (depending on the variant), making it one of the cheapest cars in the Philippines. This is why it’s considered one of the bang-for-the-buck options in the automotive market.

Mitsubishi Mirage G4 Car Insurance Price

Cheapest Annual Premium: PHP 14,298 (2019 Mitsubishi Mirage G4 GLS 1.2L Gas M/T)

The Mitsubishi Mirage G4 is the sedan brother of the Mirage hatchback—designed for first-time car buyers who are looking to own a sedan but still want the value for money and fuel economy of the original Mirage.

With 17,835 units sold in 2019^[1], this sedan ranks 9th among vehicle models in the Philippines with the highest record sales in the same year.

The Mitsubishi car insurance cost for the Mirage G4 is not that far from the Mirage. The lowest annual premium for this model is around PHP 14,000.

Mitsubishi Xpander Car Insurance Price

Cheapest Annual Premium: PHP 19,032 (2019 Mitsubishi Xpander GLS 1.5L Gas A/T FWD)

The most popular Mitsubishi model in the Philippines, the Montero Sport is the Japanese automaker’s top-seller in the country, with 19,089 units sold in 2019. It’s also the second best-selling multi purpose vehicle (MPV) next to Toyota Innova. Quite impressive for a vehicle that was only launched in the Philippines in March 2018.

Are you one of the newest owners of this seven-seater MPV? Get it insured for less than PHP 20,000 per year.

Related: The Higher Costs of Lower Premiums

Mitsubishi Montero Sport Car Insurance Price

Cheapest Annual Premium: PHP 27,617 (2019 Mitsubishi Montero Sport GLS 2.4L Diesel M/T)

The Montero Sport continues to perform well in terms of sales despite the sudden unintended acceleration incidents involving its vehicles released from 2009 to 2015. An independent investigation^[2] found that the root cause was human error (i.e., drivers mistakenly stepping on the gas pedal instead of the brake pedal), laying the issue to rest. Current and future Montero Sport owners can rest easy knowing that their vehicle is safe to drive.

Still, there’s no room for complacency—get a Mitsubishi car insurance coverage for your beloved SUV. The cost of insuring your Montero Sport will be worth it when you need it.

Mitsubishi Adventure Car Insurance Price

Cheapest Annual Premium: PHP 16,107 (2019 Mitsubishi Adventure GLS Sport 2.5L Diesel M/T)

The Mitsubishi Adventure is popular as a budget-friendly and reliable family or commercial vehicle, particularly in the Philippine ride-sharing industry.

Mitsubishi is no longer manufacturing this Asian utility vehicle (AUV) model locally. So if you own one, make sure to maintain it regularly to prolong its service life. It’s also smart to buy a Mitsubishi car insurance policy for your Adventure, so you won’t be too burdened financially for repair costs after an accident.

Mitsubishi L300 Car Insurance Price

Cheapest Annual Premium: PHP 12,547 (2019 Mitsubishi L300 Versa Van 2.5L Diesel M/T)

Either for transporting people or goods, you can count on the Mitsubishi L300 to serve its purpose. It’s also one of the cheapest vans to insure in the Philippines. For as low as PHP 12,000+ annually (or around only PHP 1,000+ monthly), you can get a Mitsubishi car insurance policy for your vehicle.

Mitsubishi Lancer Car Insurance Price

Cheapest Annual Premium: PHP 9,804 (2019 Mitsubishi Lancer GLX 1.6L Gas M/T)

The Mitsubishi Lancer may not be as popular as the Mirage and other top-selling models of the Japanese carmaker. But this classic, well-loved compact car is among the most practical options. It’s one of the most affordable vehicles to insure. For less than PHP 10,000 per year, you can get a good Mitsubishi car insurance coverage for your Lancer.

Read more: How to Save Money on Car Insurance Premium

Mitsubishi Strada Car Insurance Price

Cheapest Annual Premium: PHP 22,744 (2019 Mitsubishi Strada GL 2.5L Diesel M/T AWD)

The Mitsubishi Strada is one of the Japanese car manufacturer’s newest models. For the 2019 model year, the Strada received major upgrades to its exterior styling, sporting a sharper, more streamlined look.

Looking for the best Mitsubishi car insurance prices for your pick-up? At Moneymax, you can find an affordable policy for as low as PHP 22,000+ in annual premium.

Final Thoughts

Now that you know how much your Mitsubishi car insurance coverage would cost, take a look at your budget and see how you can qualify for cheaper rates. You may consider increasing your deductible or picking your add-ons carefully. Of course, you should also maintain a good driving record.

Sources:

• ^[1] Here are the 10 best selling cars in the Philippines of 2019 (De Guzman, 2020)
• ^[2] Montero SUA Concern Investigation

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Venus Zoleta

Venus is the Head of Content at Moneymax, with 15+ years of experience in digital marketing, corporate communications, PR, and journalism. She invests in stocks, mutual funds, VUL, and Pag-IBIG MP2. Outside of work, she’s crazy about cats and Korean dramas. Follow Venus on LinkedIn.