2011 Dodge Challenger Car Insurance Cost – 9 Tricks for Best Prices

Having to pay for overpriced insurance can diminish your funds and possibly require you to analyze your spending habits. Doing a price comparison can save money and help to lower your monthly bill.

Popular companies such as State Farm, Geico and Farmers Insurance all claim big savings, bombarding you with TV and radio ads and it can be hard to ignore the promise of big savings and find the best price available.

If you currently have car insurance, you stand a good chance to be able to save some money using these tips. Finding the best rates is not rocket science. Although car owners can benefit from knowing the way insurance companies price online insurance.

Do you qualify for discount insurance?

Some providers don’t always advertise the complete list of policy discounts very well, so the list below details some of the best known as well as the least known discounts that you can inquire about if you buy insurance online. If you are not receiving all the discounts you qualify for, you could be paying more than you need to.

• Defensive Driver Discounts – Completing a defensive driving course could cut 5% off your bill and easily pay for the cost of the class.
• Early Signing – A few companies allow discounts for buying a policy prior to your current policy expiring. You could save around 10% when you buy insurance online.
• Payment Discounts – If you can afford to pay the entire bill instead of paying each month you can avoid the installment charge.
• Passenger Safety Discount – Cars that have air bags or automatic seat belts may qualify for discounts of more than 20%.
• Low Mileage Discounts – Low annual miles could be rewarded with discounted prices on garaged vehicles.
• Seat Belts Save – Requiring all passengers to buckle their seat belts can save up to 15% on medical payment and PIP coverage.
• Good Students Pay Less – Getting good grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
• Safe Driver Discounts – Accident-free drivers can save up to 40% or more on their insurance quote on Challenger insurance compared to rates paid by drivers with frequent claims.
• Senior Citizens – Drivers that qualify as senior citizens may qualify for lower premium rates on Challenger insurance.

Drivers should understand that most discounts do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as collision or personal injury protection. Even though the math looks like it’s possible to get free car insurance, insurance companies aren’t that generous.

Companies and some of the discounts can be read below.

• American Family policyholders can earn discounts including accident-free, air bags, good student, early bird, defensive driver, and Steer into Savings.
• Farm Bureau may have discounts that include renewal discount, multi-vehicle, good student, multi-policy, youthful driver, driver training, and 55 and retired.
• State Farm has savings for passive restraint, good student, safe vehicle, multiple policy, Drive Safe & Save, and Steer Clear safe driver discount.
• Travelers offers premium reductions for IntelliDrive, driver training, multi-policy, multi-car, continuous insurance, student away at school, and save driver.
• The Hartford may offer discounts for air bag, driver training, bundle, defensive driver, anti-theft, and vehicle fuel type.
• Geico discounts include anti-theft, membership and employees, federal employee, driver training, emergency military deployment, multi-policy, and defensive driver.
• Progressive includes discounts for multi-vehicle, online signing, online quote discount, homeowner, good student, and continuous coverage.

If you need lower rates, check with each insurance company how you can save money. Some discounts listed above might not be offered on policies in your state. To choose companies with significant discounts, follow this link.

What insurance coverages do I need?

When choosing adequate coverage, there is no best way to insure your cars. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions can help discover if you would benefit from an agent’s advice.

• Can my teen driver be rated on a liability-only vehicle?
• Should I buy more coverage than the required minimum liability coverage?
• What can I do if my company denied a claim?
• Do all my vehicles need collision coverage?
• When can I cancel my policy?
• What if I owe more than I can insure my car for?
• Should I buy full coverage?
• Is my vehicle covered by my employer’s policy when using it for work?
• How do I buy GAP insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Coverages available on your insurance policy

Having a good grasp of your insurance policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most insurance policies.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Comprehensive insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, a broken windshield and hail damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for pain medications, X-ray expenses, EMT expenses, doctor visits and nursing services. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay

Auto collision coverage

This coverage pays for damage to your Challenger resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a parking meter, sustaining damage from a pot hole, hitting a mailbox and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Liability coverages

Liability coverage will cover damages or injuries you inflict on a person or their property. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims like attorney fees, bail bonds and legal defense fees. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

More quotes mean more savings

Lower-priced insurance can be purchased both online and from local insurance agents, so you need to shop insurance with both to get a complete price analysis. Some insurance providers may not have internet price quotes and most of the time these small, regional companies sell through local independent agencies.

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. In many cases, an insured dropped liability coverage limits only to regret at claim time that it was a big mistake. Your goal should be to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.

To learn more, feel free to browse the articles below:

• What Does No-Fault Insurance Cover? (Allstate)
• How to Avoid Buying a Flooded Car (Insurance Information Insitute)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Should I Purchase an Umbrella Liability Policy? (Insurance Information Insitute)
• Car Insurance: When not to Skimp (BankRate.com)