2014 Dodge Challenger Insurance Cost – 10 Ways to Save

Searching for the cheapest insurance rates for your Dodge Challenger? Tired of scraping nickels together to buy insurance? You have the same problem as many other drivers.

Companies like State Farm and GEICO constantly blast consumers with fancy advertisements and consumers find it hard to separate fact from fiction and find the best price available.

It’s a good idea to shop coverage around occasionally because prices change regularly. Even if you think you had the best price on Challenger coverage six months ago the chances are good that you can find a lower rate today. There is lot of inaccurate information about insurance on the web, but we’re going to give you a lot of great tips on how to find affordable insurance.

Ten discounts to earn cheap insurance rates

Some insurers do not list their entire list of discounts in an easy-to-find place, so the list below gives a summary of both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance online.

  • Active Service Discounts – Being on active duty in the military could be rewarded with lower rates.
  • Online Discount – Some of the larger companies will provide an incentive for buying your policy on the web.
  • Drive Less and Save – Fewer annual miles on your Dodge could be rewarded with cheaper prices.
  • Drive Safe and Save – Accident-free drivers can get discounts for up to 45% lower rates on Challenger coverage than drivers with accident claims.
  • Telematics Discount – Drivers who elect to allow their company to look at when and where they use their vehicle by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm may get a rate reduction if they are good drivers.
  • Pay Early and Save – By paying your policy upfront rather than paying monthly you can actually save on your bill.
  • Air Bags and Passive Restraints – Vehicles equipped with air bags can get savings as much as 30%.
  • Accident Forgiveness Coverage – Not really a discount, but some insurance companies allow you one accident without the usual rate increase so long as you haven’t had any claims for a certain period of time.
  • Good Student – Performing well in school can earn a discount of 20% or more. This discount can apply up until you turn 25.
  • Employee of Federal Government – Being employed by or retired from a federal job may qualify for a discount when you quote insurance on Challenger coverage with certain companies.

You can save money using discounts, but some of the credits will not apply to all coverage premiums. A few only apply to individual premiums such as collision or personal injury protection. Even though it appears all the discounts add up to a free policy, insurance companies aren’t that generous. Any qualifying discounts should help lower your overall bill.

Larger insurance companies and a selection of discounts can be found below.

  • State Farm has discounts for accident-free, safe vehicle, multiple policy, good driver, and defensive driving training.
  • Esurance discounts include DriveSense, Pac-12 alumni, online shopper, Switch & Save, and good student.
  • Progressive offers discounts including good student, online quote discount, multi-vehicle, homeowner, and online signing.
  • Liberty Mutual has savings for multi-car, safety features, good student, new move discount, multi-policy, preferred payment discount, and new vehicle discount.
  • Auto-Owners Insurance offers discounts for paid in full, safe driver, student away at school, multi-policy, anti-lock brakes, and paperless.
  • GEICO policyholders can earn discounts including air bags, defensive driver, federal employee, seat belt use, emergency military deployment, anti-theft, and membership and employees.

When quoting, ask each insurance company to apply every possible discount. A few discounts might not be offered on policies in your area. If you would like to choose from a list of insurance companies with the best insurance discounts, click here to view.

Save $495 a year! What?

Respected companies like State Farm and Allstate seem to constantly run ads in print and on television. They all seem to make the point about how much you will save just by switching your policy. It sounds good, but how can they all say the same thing? It’s all in the wording.

Insurance companies have specific guidelines for the type of customer that is profitable for them. An example of a preferred risk might have to be a female over age 40, owns a home, and drives a lower-performance vehicle. Anyone that fits those parameters will get very good auto insurance rates and most likely will save when they switch companies.

Drivers who don’t qualify for those criteria will be charged a higher rate which translates to business going elsewhere. The ads say “customers who switch” not “all people who quote” save that much when switching. That’s why companies can truthfully state the savings.

Different companies use different criteria so drivers must compare price quotes frequently. It is impossible to guess the company that will have better premium rates than you’re paying now.

Tailor your auto insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out whether or not you will benefit from professional help.

  • Is rental equipment covered for theft or damage?
  • Can I make deliveries for my home business?
  • What can I do if my company won’t pay a claim?
  • Am I covered if I wreck a rental car?
  • When should my teen driver be added to my policy?
  • Should I put collision coverage on all my vehicles?
  • Should I rate my 2014 Dodge Challenger as pleasure use or commute?
  • Does my policy cover my teen driver if they drive my company car?
  • Are my friends covered when driving my car?
  • Is my trailer covered?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Coverage specifics

Understanding the coverages of a auto insurance policy can help you determine the right coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types offered by auto insurance companies.

Liability insurance – Liability coverage protects you from damage or injury you incur to people or other property by causing an accident. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like legal defense fees, emergency aid, repair bills for other people’s vehicles, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your 2014 Dodge Challenger.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for expenses for things like funeral costs, dental work, prosthetic devices and surgery. They are often used to fill the gap from your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive protection – This pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as vandalism, theft, a tree branch falling on your vehicle, damage from flooding and rock chips in glass. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision coverage – This 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 and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as driving through your garage door, colliding with another moving vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Summing up your car insurance search

In this article, we covered many ideas to shop for 2014 Dodge Challenger insurance online. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your prices. Drivers may discover the lowest premium rates are with a company that doesn’t do a lot of advertising. These companies can often provide lower prices in certain areas as compared to the big name companies such as GEICO and State Farm.

There are still a few companies who do not offer internet price quotes small insurance companies provide coverage only through independent insurance agents. Lower-priced car insurance is possible on the web in addition to local insurance agencies, and you should compare rates from both to get a complete price analysis.

As you restructure your insurance plan, it’s very important that you do not buy poor coverage just to save money. There have been many situations where someone sacrificed liability limits or collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to get the best coverage possible at the best cost and still be able to protect your assets.

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