Mitsubishi Montero Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Mitsubishi Montero costs less than most other SUVs to insure.
• Full coverage auto insurance for a Montero comes in at around $136 a month, on average, while liability only insurance usually runs about $77.
• At as cheap as $42 monthly for liability only coverage, Hugo is the most affordable insurance carrier for a Montero.

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Montero Overview

Coming in with a base MSRP of $36,159 for 2006 models, the Mitsubishi Montero is on the more expensive end of the spectrum.

We ran through thousands of car insurance quotes on Compare.com, and we've determined that, on average, Mitsubishi Montero auto insurance prices run around $91 a month. Compared to other vehicles in the market, how do Montero car insurance premiums stack up?

How Much is Car Insurance for a Mitsubishi Montero?

Looking at the table above, you can see that when you compare the Mitsubishi Montero to other vehicles, insurance rates are more affordable than average. On average, Montero drivers can expect to pay about $136 monthly for full coverage, which has comprehensive and collision coverages in addition to liability, and about $77 per month for liability only insurance (learn more about the difference with our guide "State Minimum vs. Full Coverage").

When you compare it to other models, the Montero is less expensive, with premiums more than 10% lower than Mitsubishi's other vehicle offerings. Compared to SUV offerings from other brands, auto insurance for a Montero is also more affordable, with liability only insurance rates coming in around $3 less and $15 less for full coverage.

Overall, they're just more affordable to insure than the average vehicle, no matter what model, body style, or make they are.

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Who has the Cheapest Car Insurance for a Mitsubishi Montero?

Are you looking for a car insurance policy for your Mitsubishi Montero? You're likely wondering which company offers the most affordable rates. Even though costs will typically be pretty different from between drivers, the lowest average rates for liability only insurance are as cheap as just $34 a month from Safeway. With car insurance sometimes as cheap as $42 per month, Dashers is the next cheapest insurance carrier.

Hugo, Oasis, and AmericanAlliance finish off the rest of the top 5. That being said, just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest carriers for you and your unique insurance profile.

Auto insurance companies take a variety of different variables into consideration when calculating how much to charge you. By reviewing quotes from lots of auto insurance carriers at once, you can be confident you're finding the most affordable rate.

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What Factors Affect Car Insurance Rates for a Mitsubishi Montero?

There are several attributes that insurance companies take a look at to calculate how much they charge for a policy -- and every company uses a different algorithm, so there's not a singular carrier that's the cheapest for everyone.

The sections below show a wide array of factors car insurance carriers use to determine rates:

Vehicle Age

The Mitsubishi Montero has been around for a while -- that means vehicle age will likely play a role in what you end up paying for auto insurance. Usually, it costs more to insure newer cars because they're worth more, but as they age, insurance costs will gradually go down.

Since a new model has not been added to the market for at least 5 years, the Montero won't really fit this trend. However, as you can see in the table above, the most expensive Mitsubishi Monteros to insure are those that are 15 years old or more, while the cheapest models are Monteros that are 11 to 14 years old, on average.

Your Age

Age makes a significant difference in how much car insurance companies will charge you. In the table above, you'll see that drivers with more experience on the road have less expensive prices compared to drivers who are under 18. Mitsubishi Montero drivers under 18 actually pay more than twice as much as those 25 or older.

Insurance prices continue to go lower as you get older, with drivers aged 55-64 making up the cheapest age group for the Montero.

Your Gender

Because women are less likely to get tickets and get into collisions, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to charge women less than men. The Mitsubishi Montero sticks to the norm, where men pay about $3 more than women monthly for insurance.

Where You Live

You may already know that things like what vehicle you drive and how old you are play a role in your auto insurance rates, but you may not realize that where you live matters, too. Car insurance is regulated on a state-by-state basis, so prices differ quite a bit from state to state.

For example, the average Mitsubishi Montero owner from New York pays around $201 a month for liability coverage. Meanwhile, on average, the same driver from California will pay less than 50% of that price. The chart shows average premiums for the top 10 most populous states, just to give you a good idea of how much rates can change across states.

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Mitsubishi Montero Car Insurance Discounts

No matter your home state, your age, or your car, it's always the smart move to take advantage of as many insurance discounts as possible when shopping around for a policy.

While no two car insurance companies offer the same exact discounts, there are a few that you'll find with most insurers. These include discounts like:

• Multi-vehicle discounts for adding more than one car to your auto policy
• Pay-in-full discounts for agreeing to pay your entire policy price at once, rather than in monthly installments
• Defensive driving discounts for drivers who take a defensive driving class through a certified school or institution
• Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like anti-lock brakes or air bags)

These are just a few of the discounts auto insurance carriers offer, and sometimes, it's actually having a profile that looks good to insurance companies that get you the best rates.

Although you can't control every single aspect of your insurance profile (like some of the pieces we mentioned above), you can influence some of it. Below are just a few of the ones you can use to your advantage in order to save money on car insurance:

Your Driving Record

You've almost certainly noticed ads from insurance carriers promoting large savings for good drivers. It shouldn't come as a surprise that your auto insurance premiums will go higher if you get into an accident or get speeding tickets. But exactly how much can these infractions cost you?

As you can tell from the table above, accidents will usually cost Montero drivers more than tickets, but both will result in higher than normal rates. Mitsubishi Montero drivers with one ticket will pay an average of $93 monthly, while drivers with a single accident on their record pay about $93 each month (up $16 from the $77/mo. overall average). The rates only go up the more tickets you get or collisions you have.

How Much You Drive

The total amount of miles you drive annually affects your car insurance prices. Those who are on the roads less are less likely to get tickets, so they'll normally end up spending less on insurance. In the above table, you can see that Mitsubishi Montero owners who drive 10,000 miles or more pay $80 for auto insurance, while those who drive fewer than 2,500 miles a year pay an average of $71 per month.

If you drive less often than the average driver or work from home, you might consider learning about usage-based or pay-per-mile car insurance policies. With these plans, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

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How Do Mitsubishi Monteros Compare to Other Vehicles?

If you're considering purchasing a Mitsubishi Montero, you're probably wondering how it compares to other vehicles. Auto insurance is just one cost that comes with a new car purchase, but it's guaranteed to be one that's worth considering carefully.

Visit the table below to see how the Mitsubishi Montero compares:

Overall, the Mitsubishi Montero has an average MSRP and is on par with the going rate for a new vehicle. The national average vehicle price is $29,878, and the Montero comes in close to that at $36,159. And since there hasn't been a new Montero model on the market in the last few years, used prices will be even lower.

Likewise, insurance rates are pretty average when compared to the rest of the vehicle market. Full coverage insurance for a Mitsubishi Montero is about $53 a month cheaper than average, while liability only coverage is $15 higher a month.

When it comes to usage, Mitsubishi Montero owners drive about the same amount annually as the national average, with 10,946 miles every year compared to 11,617 for all vehicles.

Mitsubishi Montero Car Insurance Costs by Model Year

You've seen how different variables can have an impact on what you'll pay for car insurance. If you're in the market for a new car, truck, or SUV and the Montero is on your wishlist, having a good idea of how much you'll likely pay can be extremely helpful as you weigh your options and compare it to other vehicles on your shortlist.

Choose Your Model

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2006 Mitsubishi Montero Car Insurance

On average, drivers who own a 2006 Montero can expect to pay $96 to $116 monthly for liability only and full coverage insurance, respectively.

If you're looking for the most affordable 2006 Mitsubishi Montero insurance policy, Dairyland offered the most affordable policy we found, with rates sometimes as low as $42 per month.

Want to know exactly how much you'll pay? Get multiple personalized quotes for free by just entering your ZIP code below.

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2005 Mitsubishi Montero Car Insurance

You can expect full coverage for a 2005 Mitsubishi Montero to run around $153 monthly, while liability only coverage will average about $71 a month.

We found Commonwealth Casualty offered the cheapest policy, with rates as little as $36 per month.

While these are good estimates of what the average driver might pay to insure a 2005 Mitsubishi Montero, these premiums might differ based on your driver profile. Just enter your ZIP code below, to get free personalized quotes in minutes.

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2004 Mitsubishi Montero Car Insurance

It costs around $80 monthly for liability or $106 for a full coverage policy for the 2004 Montero.

Dashers offered the lowest policy we found, with rates sometimes as little as $32 a month.

If you want to know just how much your premium will be, just enter your ZIP code below and get free quotes in minutes.

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2003 Mitsubishi Montero Car Insurance

2003 Mitsubishi Montero drivers can expect to pay an average of $77 per month for liability or $138 for full coverage.

Looking for the most affordable policy? Arrowhead offered liability only coverage for as low as just $22 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

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2002 Mitsubishi Montero Car Insurance

The average cost to insure a 2002 Montero with liability only coverage is $74 per month, while full coverage runs about $130 a month.

MetLife has rates as low as $16 monthly for the 2002 Mitsubishi Montero.

If you want to know just how much your rate will be, get free quotes in minutes by just entering your ZIP code below.

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2001 Mitsubishi Montero Car Insurance

It costs around $81 per month for liability or $141 for a full coverage policy for the 2001 Mitsubishi Montero.

With prices as little as just $21 a month, Gainsco offered the cheapest policy we found.

What could your car insurance price look like? All you need to do is enter your ZIP code below and you'll be on your way to comparing a range of personalized quotes from the nation's top insurance companies.

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2000 Mitsubishi Montero Car Insurance

The average cost to insure a 2000 Montero with liability only coverage is $78 monthly, while full coverage runs about $144 per month.

With premiums sometimes as little as $16 a month, Mile Auto offered the lowest policy we found for the 2000 Mitsubishi Montero.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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1999 Mitsubishi Montero Car Insurance

You can expect full coverage for a 1999 Mitsubishi Montero to run around $142 per month, while liability only coverage will average about $75 a month.

MetLife has prices sometimes as low as $23 monthly for the 1999 Mitsubishi Montero.

Interested in what your auto insurance premium will be? Just enter your ZIP code below to get a variety of customized quotes for free.

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1998 Mitsubishi Montero Car Insurance

1998 Montero drivers can expect to pay an average of $64 a month for liability or $102 for full coverage.

With rates sometimes as cheap as $24 monthly, Mercury offered the cheapest policy we found.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

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1997 Mitsubishi Montero Car Insurance

On average, drivers who own a 1997 Mitsubishi Montero can expect to pay $72 to $159 per month for liability only and full coverage insurance, respectively.

If you're looking for the lowest possible 1997 Mitsubishi Montero insurance policy, Kemper offered the lowest policy we found, with rates as little as $22 a month.

If you want to know exactly how much you can expect to pay for your Montero, get free quotes in minutes by just entering your ZIP code below.

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1996 Mitsubishi Montero Car Insurance

It costs around $51 per month for liability or $86 for a full coverage policy for the 1996 Montero.

Mercury offered the most affordable policy we found, with rates as low as just $23 monthly.

If you want more accurate quotes of how much you can expect to pay, get free quotes in minutes by just entering your ZIP code below.

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1995 Mitsubishi Montero Car Insurance

The average cost to insure a 1995 Mitsubishi Montero with liability only coverage is $102 a month, while full coverage runs about $222 monthly.

With premiums as cheap as $24 per month, Kemper offered the lowest policy we found for the 1995 Mitsubishi Montero.

Want to know just how much you'll pay? Get lots of free personalized quotes by just entering your ZIP code below.

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1994 Mitsubishi Montero Car Insurance

1994 Montero drivers can expect to pay an average of $64 a month for liability or $96 for full coverage.

We found Mapfre offered the most affordable policy, with rates as low as $32 monthly.

If you want to find the best prices for car insurance for a 1994 Mitsubishi Montero, enter your ZIP code below and compare a lot of personalized quotes in just a few minutes.

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Mitsubishi Montero Insurance FAQs

Is a Mitsubishi Montero expensive to insure?

Liability insurance runs an average of $77 per month, while full coverage will cost you around $136. Compared to the national average of all SUVs, rates come in on the more affordable end of the spectrum.

How can I get the best price on car insurance for my Mitsubishi Montero?

There's only one way to confirm you're getting the cheapest rates -- regularly shopping around and getting quotes. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from an array of carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) for free.

Does the color of my Mitsubishi Montero affect my insurance prices?

You might have heard the old adage that red cars cost more to insure than cars of other colors, but that's actually not the case. There are quite a few factors auto insurance companies look at when they offer you a premium, but the color of your Montero is not on that list.

Do I need to have insurance before I buy a Mitsubishi Montero?

Before you can legally drive your new (or new to you) car off the dealership lot, you'll need to have a valid car insurance policy. Some dealerships may offer you an insurance policy as part of the car-buying process, but the easiest thing to do is to let your auto insurance company know ahead of time.

What car insurance discounts can I get for my Mitsubishi Montero?

You will find many different discounts out there for insurance. Many of them (like "multi-policy discounts" and "pay-in-full discounts") are based less on your Mitsubishi Montero and more on you, but if your Montero has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may be eligible for certain discounts. The only way to know for sure is to reach out to your insurance carrier and ask about which discounts they offer.