How Much Does 1995 Dodge Neon Insurance Cost?

Want lower car insurance rates for your Dodge Neon? Confused by the crazy number of car insurance companies? You’re not alone. People have so many companies to choose from that it can be a ton of work to find lower rates.

If you have car insurance now, you will most likely be able to cut costs considerably using this information. This information will help you learn how car insurance quotes work and some tricks to saving. But consumers must learn the methods companies use to sell online and take advantage of how the system works.

Factors that can influence Dodge Neon insurance rates

Consumers need to have an understanding of the rating factors that come into play when calculating your insurance rates. Understanding what determines base rates enables informed choices that may reward you with much lower annual insurance costs.

The list below includes some of the items insurance companies consider when setting rates.

  • High deductibles save money – Physical damage deductibles represent how much money you are required to spend in the event of a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some examples of claims that would be covered are colliding with a building, damage caused by hail, and rolling your vehicle. The more expense the insured has to pay upfront, the less your insurance will be on Neon coverage.
  • How many coverages with the same company – Some insurance companies will give a discount to people who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible.
  • Optional equipment can affect rates – Choosing a vehicle with anti-theft technology or alarm system can save you a little every year. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart car theft.
  • Rural vs Urban Areas – Living in a rural area can save you money when insuring your vehicles. Drivers in populated areas regularly have traffic congestion and much longer commute distances. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Your age impacts your rates – More mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations. Young drivers are statistically proven to be less responsible when driving and because of this, their insurance rates are much higher.

Lots of discounts mean lots of savings

Companies offering auto insurance do not list every discount very clearly, so we took the time to find some of the more common and also the lesser-known insurance coverage savings.

  • Save with a New Car – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use a seat belt could save 15% off the personal injury premium cost.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts can get savings up to 30%.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts as compared to drivers who are more careless.
  • Low Mileage Discounts – Keeping the miles down on your Dodge can qualify you for lower rates on the low mileage vehicles.
  • Defensive Driving Course – Taking part in a defensive driving course could cut 5% off your bill depending on where you live.

Consumers should know that some of the credits will not apply to the entire cost. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like adding up those discounts means a free policy, insurance coverage companies aren’t that generous.

Companies that may offer these money-saving discounts are:

Before buying, ask each company which discounts you may be entitled to. Savings may not apply in your area.

Can you really save $456 a year?

Companies like Progressive, GEICO, Allstate and State Farm continually stream ads in print and on television. All the ads make an identical promise of big savings after switching your policy. How can each company make the same claim?

Different companies are able to cherry pick for the driver that earns them a profit. For example, a driver they prefer could possibly be a mature driver, a clean driving record, and drives less than 7,500 miles a year. A customer who fits that profile will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Drivers who don’t meet the “perfect” profile will have to pay higher rates which leads to business going elsewhere. The ad wording is “people who switch” not “people who quote” save that much. That’s the way insurance companies can confidently advertise the way they do. Because of the profiling, you absolutely need to compare many company’s rates. You cannot predict which insurance companies will fit your personal profile best.

Situations that might require an agent

When it comes to choosing adequate coverage for your vehicles, there really is not a cookie cutter policy. Coverage needs to be tailored to your specific needs.

These are some specific questions might point out if your situation will benefit from professional help.

  • Does insurance cover damages from a DUI accident?
  • Is extra glass coverage worth it?
  • Should I waive the damage coverage when renting a car?
  • Does having multiple vehicles earn me a discount?
  • Do I really need UM/UIM coverage?
  • Do I have coverage when using my vehicle for my home business?
  • What is no-fault insurance?
  • Why do I need rental car insurance?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Auto insurance coverages explained

Learning about specific coverages of your auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.

Comprehensive auto insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like damage from flooding, damage from getting keyed and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for liability

This coverage can cover damage that occurs to people or other property by causing an accident. This insurance protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage protects against things like medical expenses, loss of income and legal defense fees. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from a collision 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 can pay for claims such as scraping a guard rail, sustaining damage from a pot hole and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Coverage for medical expenses

Coverage for medical payments and/or PIP kick in for bills such as nursing services, EMT expenses and pain medications. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your 1995 Dodge Neon.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

More comparisons equals lower rates

The cheapest 1995 Dodge Neon insurance is attainable both online as well as from independent agents, and you need to comparison shop both to get a complete price analysis. Some companies don’t offer you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

Consumers who switch companies do it for a number of reasons such as lack of trust in their agent, high rates after DUI convictions, policy cancellation and even not issuing a premium refund. Whatever your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

As you prepare to switch companies, don’t be tempted to skimp on coverage in order to save money. There are many occasions where an insured cut liability coverage limits only to discover later that it was a big mistake. The aim is to find the BEST coverage at an affordable rate, not the least amount of coverage.

More articles