Compare 2006 Dodge Magnum Insurance Cost

Trying to find lower auto insurance rates? Buyers have many options when searching for the best price on Dodge Magnum insurance. They can either spend hours struggling with agents getting price quotes or utilize the internet to find the lowest rates. There are more efficient ways to compare auto insurance rates so we’re going to tell you the best way to compare rates for your Dodge and obtain the lowest price from both online companies and local agents.

It’s a good habit to do rate comparisons every six months due to the fact that insurance rates are variable and change quite frequently. Even if you think you had the best rates on Magnum coverage a few years ago you can probably find a lower rate today. So just forget all the misinformation about auto insurance because we’re going to show you the best way to find lower rates on auto insurance.

What determines your Dodge Magnum insurance premium

Smart consumers have a good feel for the different types of things that go into determining your auto insurance rates. Knowing what controls the rates you pay enables informed choices that may reward you with better auto insurance rates.

Listed below are a partial list of the pieces auto insurance companies consider when setting rates.

  • Theft deterrents lower rates – Purchasing a vehicle with a theft deterrent system can get you a discount on your auto insurance. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping auto theft.
  • Men pay higher rates – The statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Women and men have accidents at about the same rate, but the men tend to have more serious accidents. Men also statistically have more aggressive citations like reckless driving and DUI.
  • A clean driving record saves money – Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Even a single citation may increase your cost by as much as thirty percent. If you have severe violations such as hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.
  • Pay less if you’re married – Getting married can actually save you money on your policy. Having a significant other is viewed as being more mature and it’s proven that married drivers get in fewer accidents.
  • Never let your coverage lapse – Allowing your coverage to lapse is a sure-fire way to bump up your auto insurance costs. Not only will rates go up, getting caught without coverage may earn you a license revocation or jail time.
  • Better credit means lower rates – Your credit rating is a huge factor in calculating your auto insurance rates. People with high credit ratings tend to be more responsible than drivers with lower credit ratings. If your credit score can use some improvement, you could save money insuring your 2006 Dodge Magnum by spending a little time repairing your credit.
  • Claim-free discounts can add up – Auto insurance companies generally give lower rates to drivers who do not file claims often. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Car insurance is designed for the large, substantial claims.
  • Lower rates come with age – Teenage drivers have a tendency to be less responsible when driving so they pay higher auto insurance rates. Having to add a teen driver onto a policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.

Don’t overlook these discounts

Auto insurance companies don’t always list every discount very clearly, so we break down some of the more common and the more hidden auto insurance savings. If you’re not getting every credit you qualify for, you are throwing money away.

  • Claim Free – Drivers who don’t have accidents can earn big discounts when compared with accident-prone drivers.
  • Club Memberships – Belonging to a civic or occupational organization could trigger savings on your policy on Magnum coverage.
  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. This discount can apply until age 25.
  • Lower Rates for Military – Being deployed with a military unit could be rewarded with lower premiums.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems can avoid accidents and qualify for as much as a 10% discount.
  • Low Mileage Discounts – Fewer annual miles on your Dodge could be rewarded with discounted rates on garaged vehicles.
  • Safety Course Discount – Taking part in a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Multiple Vehicles – Buying insurance for multiple vehicles on the same auto insurance policy could earn a price break for each car.

Keep in mind that some of the credits will not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like you would end up receiving a 100% discount, it doesn’t quite work that way.

Car insurance companies that may have these benefits include:

Double check with every prospective company what discounts are available to you. Savings might not be offered in your state.

Can switching companies really save?

Consumers can’t ignore all the ads for the lowest price auto insurance by companies like Allstate, GEICO and Progressive. They all seem to have a common claim that you can save after switching to them.

How do they all make the same claim?

All the different companies can use profiling for the type of customer they prefer to insure. A good example of a driver they prefer might be profiled as between the ages of 40 and 55, insures multiple vehicles, and drives less than 10,000 miles a year. A customer getting a price quote who matches those parameters will get very good rates and as a result will probably save a lot of money.

Potential customers who do not match these standards will have to pay higher premiums and ends up with business going elsewhere. The ads say “customers that switch” not “people who quote” save that much. This is how companies can make the claims of big savings. Because of the profiling, you need to get as many quotes as possible. It’s impossible to know which insurance companies will give you the biggest savings on Dodge Magnum insurance.

Is my situation unique?

When it comes to choosing coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

  • Can I drive in Mexico and have coverage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Am I covered when pulling a rental trailer?
  • Where can I find high-risk insurance?
  • How much underlying liability do I need for an umbrella policy?
  • When should I not file a claim?

If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and may give you better protection.

Auto insurance policy coverages for a 2006 Dodge Magnum

Having a good grasp of auto insurance can be of help when determining the best coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Comprehensive insurance

This coverage covers 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 coverage pays for claims such as a tree branch falling on your vehicle, damage from a tornado or hurricane and falling objects. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Dodge Magnum.

Since many drivers 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 very important.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for expenses such as chiropractic care, surgery, prosthetic devices, EMT expenses and doctor visits. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability

This provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as emergency aid, bail bonds, legal defense fees, attorney fees and medical services. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

Collision insurance

Collision coverage pays for damage to your Magnum from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a ditch, rolling your car, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. You can also increase the deductible to get cheaper collision coverage.

A penny earned…

Cheaper 2006 Dodge Magnum insurance can be sourced on the web and also from your neighborhood agents, and you should be comparing both to get a complete price analysis. Some insurance providers may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

We just covered many ideas to compare insurance prices online. The most important thing to understand is the more companies you get rates for, the better your comparison will be. Drivers may discover the lowest rates come from a lesser-known regional company.

Insureds change insurance companies for a number of reasons such as questionable increases in premium, policy cancellation, not issuing a premium refund or even policy non-renewal. It doesn’t matter why you want to switch finding a great new company is not as difficult as it may seem.

Additional car insurance information can be found at these links: