The Lancer GT pairs a familiar sedan name with a larger engine. In Singapore, a larger engine means a higher road tax bill and a Category B COE. This guide puts figures on those and on car insurance.
The insurance prices are examples for one stated driver, read on 20 October 2026. They are a guide to the market, not your quote.
The car behind the figures
Our quote form prices the Lancer GT with a 2,360cc engine. It is the version most insurers quote.
The new-car list read for this guide has no Lancer GT on sale now. So there is no list price, power figure or body type here. You will most likely be buying used.
Category B COE
The Lancer GT's 2,360cc engine is above 1,600cc. That puts it in Category B. In the October 2026 1st round, Category B closed at S$130,100.
On a used car, the COE goes with the car. The key question is when it runs out. The COE page has the latest round results.
Road tax at 2,360cc
LTA's formula gives this engine S$1,634.38 a year before any age surcharge. It was checked on 2026-10-19.
The surcharge on older cars is a percentage of that base:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
With a base this high, each step adds up. The road tax page has the formula.
What you'll pay to insure it
The Mitsubishi Lancer GT price page prices this standard case:
- Car: Lancer GT, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 to 19 years of driving
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no add-ons
10 insurers price it, across 15 plans. The lowest premium is S$836.07, on a plan that allows any workshop or an authorised one. The insurer whose lowest plan is dearest asks at least S$2,672.67. That is S$1,836.60 more, or 220% on top. All prices include 9% GST.
Six insurers on the panel have no online price for this model. That is a fair share of the market. With fewer insurers quoting, the gaps between them can be large, as they are here.
Excess on the plans
Ten of the 15 plans carry an S$600 excess. Three carry S$800, one S$500, and one, the dearest, none at all. Three of the plans are estimates, so their price can move once your details are in.
There is a jump between the lowest plan and the next. The second-lowest, an estimate, is S$1,117.23. So the lowest price stands apart from the rest of the field.
How the price moves
The price page shows the lowest price with one change at a time:
- No NCD (0%): S$1,117.23, S$281.16 more
- 20% NCD: S$1,117.23, S$281.16 more
- Driver aged 27, 3 years of driving, 30% NCD: S$1,117.23, S$281.16 more
- Driver aged 65, 20 or more years of driving: S$836.07, the same
- New car, registered this year: S$861.03, S$24.96 more
- Car 8 years old: S$764.82, S$71.25 less
Losing the NCD lifts the lowest price by 34%. A young driver pays that same lowest price.
For an older driver, the lowest price stays put, though nine insurers price that case rather than ten. For an older car, the lowest price drops. Remember these are lowest prices only.
Pros and cons on insurance cost
- For: a lowest premium 14% below the average of six similar cars
- For: an older car costs less to insure at the lowest price
- Against: only ten insurers price it
- Against: a wide gap between the lowest plan and the rest
Similar cars, side by side
The price page compares six cars with engines of a similar size, same driver and car age:
- Toyota Camry: S$841.31
- Toyota Alphard: S$764.82
- Toyota Vellfire: S$764.82
- Honda Odyssey: S$811.71
- Audi RS 3 Sedan: S$1,310.08
- Audi RS 3 Sportback: S$1,310.08
The six average S$967.14 at their lowest. The Lancer GT is 14% below that. Three of them, the Alphard, the Vellfire and the Odyssey, cost less to insure. The Camry costs slightly more. The two Audi models cost a good deal more. More Mitsubishi models are on the Mitsubishi car insurance page.
Costs you work out yourself
These depend on you:
- Parking: season parking at home, plus at work and in town
- Petrol: your mileage, the engine and the pump price
- ERP: your routes and when you drive them
- Servicing: an older car needs wear parts replaced; ask for the history
- Depreciation: what you pay against the COE years left
Before you put down a deposit
A used Lancer GT is worth checking with care:
- The COE expiry date: it tells you how long the car can stay on the road
- The registration date: it decides when the road tax surcharge starts
- The service record: ask what has been replaced and what is due
- Your own insurance quotes: with six insurers not pricing it online, get quotes before you buy
Summary of yearly costs we can show
For the Mitsubishi Lancer GT (2,360cc), dated as shown:
- Road tax: S$1,634.38 a year before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: from S$836.07 a year (20 October 2026)
- Insurance, no NCD: from S$1,117.23
- Insurance, a car 8 years old: from S$764.82
- COE: Category B, S$130,100 in the October 2026 1st round
Before you buy: car insurance for the Mitsubishi Lancer GT
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Mitsubishi Lancer GT to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.