Cheaper 2005 Dodge Magnum Car Insurance Rates

Locating the cheapest insurance for your Dodge Magnum could be an all-consuming task, but you can learn our insurance buying tips and make it easy.

There are more efficient ways to compare insurance rates so you’re going to learn the absolute fastest way to price shop coverage for your Dodge and find the lowest possible price from both online companies and local agents.

You need to check insurance prices yearly due to the fact that insurance rates change quite often. Just because you had the best deal for Magnum coverage on your last policy there is a good chance you can find better rates now. You’ll find quite a bit of inaccurate information about insurance online, so I’m going to show you the easiest ways to find cheap insurance.

Compare Auto Insurance Costs

Performing a rate comparison is a ton of work if you aren’t aware of the most efficient way to do it. You could spend your day discussing policy coverages with insurance companies in your area, or you could save time and use the internet to get rates in a matter of minutes.

Most of the best insurance companies take part in a program where insurance shoppers complete one form, and each participating company can give them a price based on the submitted data. This prevents consumers from doing repetitive form submissions to every company.

To find out how much you’re overpaying now click here to start a free quote.

The one downside to pricing coverage this way is you can’t choose which carriers you want pricing from. If you would rather choose from a list of companies for rate comparison, we put together a list of the cheapest auto insurance companies in your area. Click to view list.

It’s up to you which method you use, but make sure you use identical quote information with every price quote. If you have unequal deductibles or liability limits it will be impossible to determine which rate is truly the best.

Pay less by taking advantage of discounts

Car insurance is not cheap, but there are discounts available to help offset the cost. A few discounts will automatically apply when you get a quote, but some may not be applied and must be asked for prior to receiving the credit. If you aren’t receiving every discount available, you are throwing money away.

  • Low Mileage – Low mileage vehicles can qualify you for better rates on cars that stay parked.
  • Life Insurance – Larger companies have a break if you buy life insurance from them.
  • New Vehicle Savings – Insuring a new car can be considerably cheaper compared to insuring an older model.
  • Federal Government Employee – Employees or retirees of the government can earn a discount up to 10% for Magnum coverage with a few insurance coverage companies.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Defensive Driver – Successfully completing a course teaching defensive driving skills could cut 5% off your bill and easily recoup the cost of the course.
  • Sign Online – A few companies give back up to $50 just for signing your application online.
  • Multiple Policy Discount – When you have multiple policies with one insurance company you could get a discount of 10% to 20% off each policy.

Keep in mind that most discount credits are not given to the entire cost. A few only apply to specific coverage prices like comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way. But all discounts will reduce your premiums.

To see a list of insurers offering insurance coverage discounts, click here.

Your coverage should be tailored to you

When it comes to choosing the right insurance coverage, there really is no “best” method to buy coverage. Every situation is different.

For instance, these questions can aid in determining whether or not you may require specific advice.

  • How much liability insurance is required?
  • Can I make deliveries for my home business?
  • What discounts do I qualify for?
  • What if I total my 2005 Dodge Magnum and owe more than it’s worth?
  • Are rental cars covered under my policy?
  • Do I have any recourse if my insurance company denies a claim?
  • Will my insurance pay for OEM parts?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form. It is quick, free and you can get the answers you need.

Car insurance coverage basics

Learning about specific coverages of a car insurance policy aids in choosing which coverages you need for your vehicles. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Liability – This coverage will cover injuries or damage you cause to other’s property or people. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as structural damage, repair costs for stationary objects, loss of income and emergency aid. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.

Collision – Collision coverage will pay to fix damage to your Magnum caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like crashing into a building, scraping a guard rail, sideswiping another vehicle, damaging your car on a curb and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

UM/UIM Coverage – This provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Dodge Magnum.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.

Medical costs insurance – Med pay and PIP coverage provide coverage for bills such as pain medications, rehabilitation expenses, chiropractic care and surgery. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, damage from flooding, rock chips in glass, damage from getting keyed and damage from a tornado or hurricane. The maximum payout your car insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.