Compare 2014 Dodge SRT Viper Insurance Cost

Want cheaper insurance rates for your Dodge SRT Viper? Nobody I know enjoys paying for insurance, especially when the prices are way too high.

Consumers have so many car insurance companies to pick from, and even though it’s nice to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.

Consumers need to get comparison quotes as often as possible because insurance rates are adjusted regularly by insurance companies. Just because you had the lowest rate for SRT Viper coverage on your last policy other companies may now be cheaper. Forget anything you know (or think you know) about insurance because we’re going to demonstrate the right way to reduce your cost while improving coverage.

Choosing the best insurance company for you is quite easy. Essentially every driver who is shopping for insurance stands a good chance to be able to lower their premiums. Although drivers do need to learn how the larger insurance companies sell insurance online and use this information to your advantage.

Are you receiving every discount?

Companies don’t list all their discounts very clearly, so the following is a list of both the well known as well as the least known savings tricks you should be using when you buy insurance coverage online.

• E-sign Discounts – Certain companies give back up to $50 for buying your policy on the internet.
• Good Grades Discount – Getting good grades can get you a discount of up to 25%. Most companies allow this discount up to age 25.
• Own a Home and Save – Owning your own home or condo can save you money because of the fact that having a home shows financial diligence.
• Student Driver Training – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education if offered at their school.
• Full Payment Discount – By paying your policy upfront instead of making monthly payments you may have a lower total premium amount.

Consumers should know that some of the credits will not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, insurance coverage companies aren’t that generous. Any amount of discount will cut your policy premiums.

A few companies that possibly offer most of the discounts above may include but are not limited to:

• 21st Century
• State Farm
• AAA
• Liberty Mutual
• Progressive

When getting free insurance coverage quotes, it’s a good idea to every company which discounts they offer. Some credits may not be available in your state. If you would like to see a list of providers who offer insurance coverage discounts, follow this link.

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Four things that impact your insurance rates

Many things are used when you get a price on insurance. Some factors are common sense like your driving record, but other criteria are not quite as obvious such as your marital status or your commute time.The best way to find cheaper car insurance is to take a look at the different types of things that help calculate your car insurance rates. If you have some idea of what influences your rates, this allows you to make educated decisions that could result in much lower annual insurance costs.

• Rural vs Urban Areas – Being located in less populated areas of the country may provide you with better prices when trying to find low car insurance rates. Fewer drivers on the road means reduced accidents in addition to lower liability claims Urban drivers regularly have traffic congestion and longer commutes to work. Spending more time driving means more chance of being in an accident.
• Married drivers get cheaper costs – Having a spouse can get you a discount on your car insurance policy. Having a spouse generally demonstrates drivers are more mature and responsible and statistics show drivers who are married are more cautious.
• Do you need those extra coverages? – There are a ton of extra bells and whistles that can waste your money on your car insurance policy. Insurance for things like roadside assistance, death and dismemberment, and extra life insurance coverage may be wasting your money. These may sound like a good investment when deciding what coverages you need, but if you’ve never needed them in the past eliminate them to save money.
• Your car’s features help determine prices – Choosing a vehicle with a theft deterrent system can get you a discount on your car insurance. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder your car from being stolen.

When in doubt talk to an agent

When it comes to choosing adequate coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. These are some specific questions might point out whether your personal situation would benefit from professional advice.

• What is the minimum liability in my state?
• Who is covered when they drive my 2014 Dodge SRT Viper?
• Do I pay less for low miles?
• Does my medical payments coverage pay my health insurance deductible?
• Do all my vehicles need collision coverage?
• Why am I be forced to buy a membership to get insurance from some companies?
• 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 then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Drivers who switch save $476 a year? Really?

Respected companies like Geico, State Farm and Progressive seem to constantly run television and radio advertisements. All the companies state the claim that drivers can save some big amount just by switching your auto insurance policy to them. How do they all charge you less for car insurance? Here is how they do it.

Different companies give the best rates for a prospective insured that makes them money. An example of this type of risk profile could possibly be married and over the age of 30, is a homeowner, and insures a new vehicle. A customer getting a price quote who matches that profile will probably get cheap car insurance rates and therefore will cut their rates substantially.

Potential customers who cannot meet this ideal profile will be quoted higher rates which leads to business going elsewhere. If you listen closely, the ads state “people that switch” not “everybody who quotes” can save as much as they claim. That’s why companies can advertise the savings. This illustrates why it’s extremely important to get insurance coverage quotes from several different companies. It is just not possible to predict the company that will fit your personal profile best.

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Specific coverages for a 2014 Dodge SRT Viper

Knowing the specifics of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2014 Dodge SRT Viper.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for bills for things like prosthetic devices, rehabilitation expenses, funeral costs and surgery. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive insurance – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things like vandalism, falling objects, hitting a bird and theft. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision – This coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a mailbox, hitting a parking meter, sideswiping another vehicle, crashing into a building and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Liability car insurance – Liability coverage provides protection from injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers claims like repair bills for other people’s vehicles, emergency aid, repair costs for stationary objects, legal defense fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.

One last thing

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. There are too many instances where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. The goal is to buy enough coverage at the best price but still have enough coverage for asset protection.

Budget-friendly insurance is definitely available on the web and from local agencies, so you need to shop insurance coverage with both in order to have the best chance of saving money. Some insurance providers do not provide the ability to get quotes online and these regional insurance providers only sell coverage through independent agents.

To learn more, take a look at the following helpful articles:

• Distracted Driving (Insurance Information Insitute)
• Should I Buy a New or Used Car? (Allstate)
• Speed and Speed Limit FAQ (iihs.org)
• Airbag FAQ (iihs.org)
• How do I File a Claim? (Insurance Information Insitute)

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