How Much Does 2006 Dodge Magnum Insurance Cost?

Finding more affordable car insurance on the web can appear to be problematic for people that are not comfortable with quoting and shopping for insurance online. When there are so many companies, how can anyone have time to compare them all to find the best available price?

You may qualify for discounts

Insurance coverage is not inexpensive, but there are discounts available that many people don’t even know exist. Certain discounts will be applied at the time you complete a quote, but occassionally some discounts must be requested specifically in order for you to get them. If you are not receiving all the discounts you qualify for, you are paying more than you should be.

  • Active Military Service – Being on active duty in the military could be rewarded with lower premium rates.
  • First Accident Forgiveness – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident without raising rates if you have no claims prior to the accident.
  • Theft Deterent System – Cars equipped with anti-theft or alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Drive Safe and Save – Drivers without accidents can save as much as half off their rates for Magnum insurance compared to rates paid by drivers with frequent claims.
  • Paper-free Discount – Many companies will give a small break for signing up on the web.
  • Clubs and Organizations – Affiliation with a qualifying organization is a simple method to lower premiums when getting a auto insurance quote.
  • Senior Discount – Drivers that qualify as senior citizens can possibly qualify for lower premium rates for Magnum insurance.
  • Driver Education Discount – Cut your cost by having your teen driver enroll in driver’s education in high school.

Discounts lower rates, but most discount credits are not given to the overall cost of the policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, it doesn’t quite work that way.

A list of companies and a selection of discounts include:

  • State Farm includes discounts for multiple autos, anti-theft, multiple policy, safe vehicle, and good student.
  • American Family has discounts for early bird, accident-free, mySafetyValet, good driver, and good student.
  • AAA may offer discounts for multi-policy, anti-theft, good driver, multi-car, good student, and pay-in-full.
  • GEICO has savings for anti-theft, air bags, multi-policy, emergency military deployment, federal employee, and defensive driver.
  • Mercury Insurance discounts include location of vehicle, professional/association, type of vehicle, low natural disaster claims, good driver, ease of repair, and multi-car.
  • Farmers Insurance offers discounts for bundle discounts, electronic funds transfer, mature driver, youthful driver, teen driver, and good student.
  • Progressive may include discounts for multi-policy, good student, online signing, continuous coverage, and online quote discount.

Check with each insurance company which discounts you qualify for. Some discounts may not apply to policies in your state. To see a list of companies who offer online insurance coverage quotes, click here to view.

Buy auto insurance online

When shopping for auto insurance there are multiple ways of comparing rates from all the different companies. The easiest way by far to find the lowest 2006 Dodge Magnum rates is to use the internet to compare rates. This can be done in just a few minutes using one of these methods.

  1. The easiest and least time consuming way to get the best comparison quotes is a comparison rater form click here to open form in new window. This form prevents you from having to do boring form submissions for each company. In just a few minutes this one form gets prices estimates instantly. It’s definitely the quickest method.
  2. A more difficult way to get comparison quotes is spending the time to visit the website for every company you want to comare and request a quote. For instance, we’ll assume you want comparison quotes from Farmers, State Farm and Travelers. You would have to go to every website and enter your policy data, which can get rather old.

    To view a list of companies in your area, click here.

The method you choose is up to you, but compare exactly the same deductibles and coverage limits for each comparison quote. If you compare different coverage information it’s impossible to truly determine the lowest rate. Having just a slight variation in insurance coverages or limits may result in a large different in cost. Just keep in mind that comparing more rates from different companies helps improve the odds of finding lower pricing. Not every company does rate quotes online, so you should also compare quotes on coverage from those companies, too.

Five tips to get cheap insurance premiums

Smart consumers have a good feel for some of the factors that are used to determine your policy premiums. If you have a feel for what determines premiums, this empowers consumers to make smart changes that can earn you cheaper rates. Lots of factors are part of the equation when quoting car insurance. Some are obvious like your driving record, but others are less apparent like your vehicle usage or how safe your car is.

The itemized list below are just a few of the factors companies use to determine rates.

  • Raising comp and collision deductibles saves money – The deductibles represent how much money you are required to pay before your insurance pays a claim. Protection for physical damage, aka comp and collision, insures against damage to your car. Examples of some claims that would be covered would be a windshield broken by a bird, damage from fire, and damage caused by road hazards. The larger the amount you choose to pay out-of-pocket, the lower your rates will be for Magnum insurance.
  • Deter theft and lower prices – Driving a car with advanced anti-theft systems can help lower your premiums. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can thwart auto theft and help lower rates.
  • Higher premiums for specific vocations – Did you know that where you work can have an impact on rates? Jobs such as real estate brokers, business owners and financial analysts have higher average rates due to stressful work requirements and lots of time spent at work. Conversely, careers like farmers, historians and retirees receive lower rates for Magnum insurance.
  • Single drivers may get higher premiums – Your spouse can get you a discount compared to being single. Having a spouse may mean you are more financially stable and statistics show married drivers tend to file fewer claims.
  • Rural vs Urban Areas – Residing in smaller towns and rural areas of the country is a positive aspect when shopping for auto insurance. City drivers have to deal with much more traffic and higher rates of accident claims. Lower population means a lower chance of having an accident in addition to fewer liability claims.

There’s no such thing as the perfect insurance policy

When buying proper insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s.

For instance, these questions might point out if your insurance needs will benefit from professional help.

  • Do I need replacement cost coverage on my 2006 Dodge Magnum?
  • Do I need roadside assistance coverage?
  • Exactly who is provided coverage by my policy?
  • What is the ISO rating for a 2006 Dodge Magnum?
  • Does coverage extend to Mexico or Canada?
  • Do I have coverage for damage caused while driving under the influence?
  • When does my teenage driver need to be added to my policy?
  • Should I waive the damage coverage when renting a car?
  • What if I owe more than I can insure my car for?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.

Car insurance coverage breakdown

Understanding the coverages of a car insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Car insurance terms can be confusing and coverage can change by endorsement.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses for doctor visits, nursing services and hospital visits. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Liability car insurance

Liability coverage protects you from damages or injuries you inflict on other people or property. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.

Liability coverage pays for claims such as funeral expenses, legal defense fees and medical services. How much liability should you purchase? That is a decision to put some thought into, but buy as large an amount as possible.

Collision protection

Collision insurance covers damage to your Magnum from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like driving through your garage door, rolling your car, sustaining damage from a pot hole and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a deer, hail damage and damage from flooding. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Final thoughts

When trying to cut insurance costs, you should never reduce coverage to reduce premium. There have been many situations where an insured dropped liability coverage limits only to regret at claim time that it was a big error on their part. The goal is to purchase plenty of coverage for the lowest price and still be able to protect your assets.

Insureds who switch companies do it for any number of reasons including high prices, policy cancellation, extreme rates for teen drivers and delays in responding to claim requests. No matter why you want to switch, choosing a new insurance company is easier than you think.

We just covered some good ideas how to compare 2006 Dodge Magnum insurance car insurance rates online. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding the cheapest auto insurance. You may even discover the best car insurance rates are with the smaller companies.

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