Cheap 2008 Dodge Challenger Insurance Rates

People new to comparison shopping online will discover purchasing the cheapest auto insurance is harder than they anticipated.

Why your Dodge Challenger insurance rates may be high

Consumers need to have an understanding of the rating factors that help determine the price you pay for car insurance. Having a good understanding of what controls the rates you pay empowers consumers to make smart changes that may reward you with big savings.

The following are a few of the “ingredients” used by your company to calculate rates.

  • Being married can save on car insurance – Having a spouse helps lower the price on car insurance. Having a significant other means you’re more responsible it has been statistically shown that drivers who are married are more cautious.
  • Rate your vehicle for proper use – Driving more miles every year the higher your rates will be. Most companies rate vehicles based on how the vehicle is used. Autos not used for work or commuting get more affordable rates as compared to vehicles used primarily for driving to work. Improper usage on your Challenger can cost quite a bit. Ask your agent if your car insurance coverage properly reflects the proper vehicle usage.
  • Poor driving leads to higher costs – Only having one moving violation can boost insurance rates by twenty percent. Careful drivers receive lower rates than bad drivers. Drivers with serious tickets like reckless driving, hit and run or driving under the influence are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to continue driving.
  • Your stress level may be raising your rates – Jobs such as real estate brokers, business owners and dentists are shown to have the highest average rates in part from stressful work requirements and long work hours. Other professions such as actors, historians and the unemployed pay the least on Challenger coverage.
  • Do you qualify for a multi-policy discount? – Most insurance companies will give a discount to people who consolidate policies with them. It’s known as a multi-policy discount. Discounts can amount to 10 percent or more. Even though this discount sounds good, you may still want to compare rates to ensure the best deal.
  • High credit ratings translate to low rates – Credit rating is a important factor in determining what you pay for car insurance. People with good credit tend to be more responsible than drivers who have lower ratings. If your credit rating can use some improvement, you could be paying less to insure your 2008 Dodge Challenger by improving your rating.

Fast and Easy Auto Insurance Quotes

When shopping for auto insurance there are multiple ways of comparing rate quotes from auto insurance companies in your area. The best method to find competitive 2008 Dodge Challenger insurance rates is to use the internet to compare rates. This can be accomplished in just a few minutes using one of these methods.

  • The most efficient way to compare a lot of rates at once would be an industry-wide quote request form click here to open form in new window. This form keeps you from doing separate quotes for each company you want a rate for. A single form will return price quotes from multiple companies. This is perfect if you don’t have a lot of time.
  • A slightly less efficient method to compare prices is to manually visit the website for each individual company and request a quote. For example, we’ll assume you want rates from Allstate, 21st Century and GEICO. You would have to go to every website to enter your coverage information, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

  • The hardest way to get comparison rates is driving around to different agent offices. Buying insurance online can eliminate the need for a local agent unless you require the trained guidance that only a license agent can provide. You can, however, find lower rates online and get advice from an agent in your area.

Which method you use is up to you, but compare exactly the same deductibles and coverage limits with every price quote. If you compare different values for each quote you will not be able to decipher which rate is best. Having just a slight variation in insurance coverages may cause a big price difference. And when quoting auto insurance, remember that comparing a large number of companies helps you find the best offered rates.

How to reduce Dodge Challenger insurance rates

Auto insurance companies don’t always publicize all available discounts very well, so here is a list some of the best known and also the lesser-known ways to save on auto insurance.

  • Organization Discounts – Participating in a qualifying organization could qualify you for a break when buying auto insurance on Challenger coverage.
  • Senior Discount – If you qualify as a senior citizen, you may receive a small decrease in premiums on Challenger coverage.
  • Driver’s Ed – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Life Insurance Discount – Some companies give lower rates if you buy a life insurance policy as well.
  • Bundle and Save – If you have multiple policies with one company you may save up to 20% off your total premium.

Consumers should know that some of the credits will not apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. Even though it may seem like all those discounts means the company will pay you, companies don’t profit that way.

A partial list of companies that may have these discounts include:

It’s a good idea to ask all companies you are considering what discounts are available to you. Some discounts might not apply in your area.

Tailor your coverage to you

When buying coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s needs are different.

For example, these questions can aid in determining if you would benefit from professional advice.

  • How much liability insurance is required?
  • What is PIP insurance?
  • What if I owe more than I can insure my car for?
  • Do I get a pro-rated refund if I cancel my policy early?
  • Does my liability insurance cover pulling a trailer or camper?
  • Do I have coverage if my license is suspended?
  • Why am I required to buy high-risk coverage?
  • Is a new car covered when I drive it off the dealer lot?
  • Is upholstery damage covered by car insurance?
  • Will my rates increase for filing one claim?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.

Coverages available on your policy

Understanding the coverages of a auto insurance policy can be of help when determining the right coverages for your vehicles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Collision insurance

This will pay to fix damage to your Challenger resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as rolling your car, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive coverage

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as falling objects, hitting a bird, theft, damage from getting keyed and damage from a tornado or hurricane. The maximum amount your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2008 Dodge Challenger.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for bills like dental work, pain medications and hospital visits. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Auto liability insurance

Liability insurance provides protection from damage or injury you incur to a person or their property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like repair bills for other people’s vehicles, legal defense fees, structural damage, loss of income and funeral expenses. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.

Cheaper insurance is a realistic goal

While you’re price shopping online, make sure you don’t buy poor coverage just to save money. There have been many situations where someone sacrificed collision coverage only to find out that their decision to reduce coverage ended up costing them more. The aim is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

Throughout this article, we presented a lot of ways to shop for 2008 Dodge Challenger insurance online. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even find the most savings is with some of the smallest insurance companies.

Cheap insurance is available online and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

Additional information can be found at these links: