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About Mitsubishi Lancer

The Mitsubishi Lancer is a popular Sedan model manufactured by the Japanese automaker, Mitsubishi Motors. The car first debuted at the automotive scene in 1973 and is currently being manufactured as the 9th generation Lancer. In India, the basic price of a Lancer lies within a range of INR. 7-8 lakhs. Some of the noted features of this Sedan model include power steering, power windows front, adjustable steering, anti-theft alarm, and advanced entertainment and communication systems.

ARAI Mileage

13.7 kmpl

Engine Displacement

Upto 1998 cc

Boot Space

420 liters

Max Power


Max Torque





Tachometer, Electronic Multi Tripmeter, Fabric Upholstery, Glove Compartment, Digital Clock.


Front Fog Lights, Adjustable headlights, Power Adjustable Exterior Rear View Mirror, Rear Window Defogger, Tinted Glass

Mitsubishi Lancer Variants

  • Lancer 1.5 CNE
  • Lancer 1.5 Exel
  • Lancer 1.8 SFXi
  • Lancer GLXD
  • Lancer 2.0 SFXd

Mitsubishi Lancer Car Insurance Plans

The premium for your car insurance could depend on a number of factors such as the model of the car, the year it was bought, and its present condition. Furthermore, the insurance plan that you buy for your four-wheeler could also influence your insurance amount.

There are two types of insurance plans for you to choose from:

  1. Third Party Insurance Plan: Having a third party insurance is compulsory for two-wheeler as well as four-wheeler vehicle owners, under the Motor Vehicles Act of 1988. This car insurance plan helps cover the costs incurred due to third-party liabilities. Almost all the insurance providers offer a third-party insurance. Since this insurance plan offers coverage for third-party liabilities only, the premium on these insurances is affordable.
  2. Comprehensive Insurance Plan: A comprehensive insurance plan is an insurance plan that offers all-inclusive insurance coverage, including a third-party coverage. A comprehensive insurance plan can protect you from expenses incurred for self or co-passenger in the case of any accidents. A comprehensive insurance also offers coverage for losses incurred due to natural calamities and any other repair or replacement cost for parts of your vehicle. Since the coverage is vast in a comprehensive car insurance plan, its premium is comparatively high than the premium of third-party car insurance.

Why Choose Car Insurance For Mitsubishi Lancer?

Besides offering monetary compensation for the damages caused to your car, the Car Insurance available at Finserv Markets also offers the following benefits: -

  • Cashless Settlement-Get cashless repairs done for your car across 4000+ network garages.
  • Roadside Assistance- Get 24/7 roadside assistance which includes services such as emergency repairs, towing facilities, storage facilities, etc.
  • Car Hire – Hire a temporary car within your insurance claim in the event of a theft or a major car accident involving your car
  • Online Insurance Renewal- Renew car insurance online within a few minutes with minimal documentation at Finserv Markets.

To check the car insurance premiums for policies available on Finserv MARKETS, use the car insurance calculator. The tool helps you determine the premiums and compare the prices of car insurance plans offered by other insurers as well. That way, you will be able to make an informed decision.

Inclusions in Mitsubishi Car Insurance Policy

A Mitsubishi Lancer Car Insurance policy offers coverage for-

  • Self and co-passenger coverage in case of accidents
  • Loss or damage to your Lancer due to man-made disasters (burglary, housebreaking, vandalism, etc.)
  • Loss or damage to your Lancer due to any natural calamity (earthquake, floods, cyclones, etc)
  • Loss or damage to your Lancer due to any act of civil disobedience (riots, strikes, etc.)
  • Losses incurred due to the theft of your Lancer Car
  • Third-party legal liabilities

Exclusions in Mitsubishi Car Insurance Policy

Your Mitsubishi Lancer Car Insurance policy does not provide coverage for-

  • Normal repair and wear and tear of your vehicle
  • Damages caused when driving under the influence of drugs or any hallucinogens
  • Damages caused when driving without a valid license
  • Damages caused when driving under the influence of alcohol
  • Damages caused when the Mitsubishi car insurance policy has expired or lapsed
  • Third-party related when-
  • Driving without a valid driver’s license
  • Driving under the influence of any intoxicants
  • Damages arising out of the electrical/mechanical breakdown of your car

How to Apply For Mitsubishi Car Insurance?

You can apply online for a car insurance at Finserv Markets with these easy steps-

Step 1: Choose a suitable coverage for your car insurance

Step 2: Fill the application form by submitting details such as vehicle number, vehicle model, year bought, etc.

Step 3: Get your car insurance application assessed by our insurance agent

Step 4: Once your application gets approved, make the payment to activate your car insurance policy.

Claim Process For Mitsubishi Lancer Insurance

The car insurance claim process for your Mitsubishi Lancer Car Insurance is extremely simple. Instead of physically filing an insurance claim, with Finserv Markets You get the chance to upload all forms and documents online for a hassle-free claim application. All you have to do is follow these easy steps-

Step 1: Register your car insurance claim online

Step 2: Upload relevant documents

Step 3: Get your claim assessed by our insurance agent

Check Out Car Insurance Plans Available at Finserv MARKETS

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