How Much Does Mitsubishi Car Insurance Cost in the Philippines?

by Venus Zoleta, on category "Car Insurance"

July 22, 2019


Mitsubishi Car Insurance Cost in the Philippines | Moneymax

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.

Lowest Annual Premium Cost per Mitsubishi Model

Mitsubishi Model

Cheapest Annual Premium

Car Trim

Mitsubishi MiragePHP 14,6362019 Mitsubishi Mirage GLS 1.2L Gas A/T

Mitsubishi Mirage G4

PHP 14,7342019 Mitsubishi Mirage G4 GLS 1.2L Gas A/T
Mitsubishi Montero SportPHP 28,3512019 Mitsubishi Montero Sport GLS 2.4L Diesel A/T
Mitsubishi AdventurePHP 16,1072019 Mitsubishi Adventure GLS Sport 2.5L Diesel M/T
Mitsubishi L300PHP 12,5472019 Mitsubishi L300 Versa Van 2.5L Diesel M/T
Mitsubishi LancerPHP 9,8042019 Mitsubishi Lancer GLX 1.6L Gas M/T
Mitsubishi StradaPHP 19,0322019 Mitsubishi Strada GL 2.5L Diesel M/T
Mitsubishi XpanderPHP 19,0322019 Mitsubishi Xpander GLS 1.5L Gas A/T

Mitsubishi Mirage Car Insurance Price

Cheapest Annual Premium: PHP 14,636 (2019 Mitsubishi Mirage GLS 1.2L Gas A/T)

Mitsubishi Car Insurance Price - Mitsubishi Mirage

The Mirage is Mitsubishi’s second-best-selling model, with 14,810 units sold in 2018. This hatchback also ranks 10th among vehicle models in the Philippines with the highest record sales in the same year.

The Mitsubishi Mirage is affordable to insure for as low as PHP 14,000+ 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.

Read more: 20 Cheapest Cars You Can Buy Under P700,000

Mitsubishi Mirage G4 Car Insurance Price

Cheapest Annual Premium: PHP 14,734 (2019 Mitsubishi Mirage G4 GLS 1.2L Gas A/T)

Mitsubishi Car Insurance Price - Mitsubishi Mirage G4

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.

Likewise, the Mitsubishi car insurance cost for the Mirage G4 is quite the same with Mirage. The lowest annual premium for this model is around PHP 14,000.

Manufactured locally, the Mirage G4 is currently the second best-selling mini subcompact car in the Philippines, next to Toyota Wigo.

Read more: How Much Does Toyota Car Insurance Cost in the Philippines?

Mitsubishi Montero Sport Car Insurance Price

Cheapest Annual Premium: PHP 28,351 (2019 Mitsubishi Montero Sport GLS 2.4L Diesel A/T)

Mitsubishi Car Insurance Price - Mitsubishi Montero Sport

The most popular Mitsubishi model in the Philippines, the Montero Sport is the Japanese automaker’s top-seller in the country, with 16,156 units sold in 2018. It’s also the second best-selling sport utility vehicle (SUV) next to Toyota Fortuner.

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 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.

Read more:

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. The second best-selling multi-purpose vehicle (with 9,346 units sold in 2018) in the Philippines, the L300 van is also among the cheapest Mitsubishi models to insure. 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)

Mitsubishi Car Insurance Price - Mitsubishi Lancer

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.

Mitsubishi Strada Car Insurance Price

Cheapest Annual Premium: PHP 19,032 (2019 Mitsubishi Strada GL 2.5L Diesel M/T)

Mitsubishi Car Insurance Price - Mitsubishi Strada

The Mitsubishi Strada is one of the Japanese car manufacturer’s newest models. In 2018, it’s the fourth best-selling pick-up truck with a sales record of 4,725 units.

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 19,000+ in annual premium.

Mitsubishi Xpander Car Insurance Price

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

Mitsubishi Car Insurance Price - Mitsubishi Xpander

Mitsubishi Philippines launched its latest MPV model, the Xpander, in March 2018. In only nine months in the market, the subcompact seven-seater posted a sales record of 13,502—immediately making it the top-selling model in its category.

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

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, pick your add-ons carefully, and of course, maintain a good driving record.

car ins in the Philippines

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