Cheaper 2014 Dodge Challenger Insurance Cost

Want the cheapest auto insurance rates for your Dodge Challenger? Are you at wits end from scraping nickels together each month for auto insurance? You have the same problem as many other people. Multiple insurance companies compete to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the lowest rate possible.

It is always a good idea to do price comparisons on a regular basis because prices are variable and change quite frequently. Just because you had the best deal for Challenger insurance six months ago there may be better deals available now. Ignore everything you know about auto insurance because we’re going to demonstrate how to use the internet to properly buy coverages while reducing your premium.

Earn discounts to get lower-cost insurance coverage rates

Car insurance can cost a lot, but there may be some discounts that you may not know about. Certain discounts will be applied when you purchase, but a few need to be specially asked for before you will receive the discount. If you check and find you aren’t receiving every discount you deserve, you may be paying too high a price.

• Fewer Miles Equal More Savings – Low mileage vehicles could earn substantially lower rates.
• Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you can avoid monthly service charges.
• Mature Driver Discount – Mature drivers can possibly qualify for lower premium rates for Challenger insurance.
• Renewal Discounts – A few insurance coverage companies give discounts for switching policies prior to your current policy expiration. It could save around 10% when you buy insurance online.
• Theft Prevention System – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
• Safety Restraint Discount – Drivers who always wear seat belts and also require passengers to buckle up can save up to 10 percent (depending on the company) off PIP or medical payments premium.
• Auto/Life Discount – Select insurance coverage companies reward you with a small discount if you purchase life insurance from them.
• Telematics Data Discounts – Insureds who allow their company to study vehicle usage by using a small device installed in their vehicle such as Progressive’s Snapshot might see lower rates if their driving habits are good.
• Drivers Education – Cut your cost by having your teen driver enroll and complete driver’s education in school.
• Defensive Driver Discount – Taking part in a class that teaches driver safety techniques could save 5% or more and easily pay for the cost of the class.

Discounts lower rates, but some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

A list of insurance coverage companies and their possible discounts are shown below.

• Geico policyholders can earn discounts including emergency military deployment, seat belt use, driver training, defensive driver, daytime running lights, and five-year accident-free.
• USAA offers discounts including driver training, family discount, defensive driver, multi-policy, annual mileage, and military installation.
• Progressive offers discounts for multi-vehicle, good student, online quote discount, online signing, continuous coverage, homeowner, and multi-policy.
• American Family offers premium reductions for bundled insurance, good driver, mySafetyValet, defensive driver, and Steer into Savings.
• Esurance discounts include online shopper, anti-lock brakes, DriveSense, multi-policy, good student, multi-car, and paid-in-full.
• Farmers Insurance may offer discounts for alternative fuel, electronic funds transfer, pay in full, early shopping, and good student.
• State Farm may have discounts that include safe vehicle, good driver, multiple policy, passive restraint, and Drive Safe & Save.

When getting free insurance quotes, it’s a good idea to all companies you are considering which discounts you may be entitled to. Discounts may not apply to policies in every state. If you would like to see a list of providers that offer the discounts shown above, click here to view.

Tailor your insurance coverage to you

When buying coverage, there really is no one size fits all plan. Every situation is different and your policy should reflect that. For instance, these questions may help you determine whether your personal situation would benefit from professional advice.

• Who is covered by my policy?
• Should I have a commercial auto policy?
• Does my medical payments coverage pay my health insurance deductible?
• Is my nanny covered when driving my vehicle?
• Is motorclub coverage worth it?
• Do I need to file an SR-22 for a DUI in my state?
• Does insurance cover tools stolen from my truck?
• Is my Dodge Challenger covered if I use it for business?
• When should my teen driver be added to my policy?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

Coverages available on your auto insurance policy

Knowing the specifics of your auto insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by auto insurance companies.

Comprehensive insurance

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as damage from flooding, hitting a deer, theft and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with another moving vehicle, scraping a guard rail, backing into a parked car, rolling your car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Liability insurance

Liability coverage protects you from damages or injuries you inflict on other people or property in an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability insurance covers claims like medical services, loss of income, attorney fees, funeral expenses and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for expenses for things like X-ray expenses, hospital visits, rehabilitation expenses, surgery and prosthetic devices. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Save your hard earned cash

While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, an accident victim reduced physical damage coverage and found out when filing a claim they didn’t purchase enough coverage. The goal is to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

Some auto insurance companies do not provide online rate quotes regional insurance providers only sell coverage through independent insurance agencies. Budget-conscious 2014 Dodge Challenger insurance is available from both online companies as well as from independent agents, and you need to price shop both to have the best chance of lowering rates.

Additional information can be found at these links:

• Help Your Teen Be a Better Driver (State Farm)
• What Does No-Fault Insurance Cover? (Allstate)
• Drunk Driving Statistics (Insurance Information Insitute)
• Understanding Limits and Deductibles (Allstate)