Find Cheaper Dodge Charger Insurance in Montgomery

Discount Dodge Charger insuranceWant to learn how to buy low-cost Dodge Charger insurance in Montgomery? Trying to find cheaper insurance for a Dodge Charger in Alabama can normally be difficult, but you can learn the following methods to save time.

There are more efficient ways to find auto insurance online and you need to know the best way to quote coverages on a Dodge and get the best price possible from both online companies and Montgomery agents.

Score discounts to get cheaper Montgomery auto insurance quotes

Companies that sell car insurance do not list every possible discount in an easy-to-find place, so the following is a list of both well-publicized and the harder-to-find credits available to bring down your rates.

You should keep in mind that some of the credits will not apply to the entire policy premium. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like adding up those discounts means a free policy, it doesn't quite work that way.

A few companies that have these discounts include:

Double check with each company which discounts you qualify for. Depending on the company, some discounts might not apply in every state. For a list of companies that offer discounts in Alabama, click here to view.

Finding cheap auto insurance prices is actually quite simple. Consumers just need to spend a few minutes on the computer comparing free Montgomery auto insurance quotes to find out which insurance company has affordable Montgomery auto insurance quotes.

The companies in the list below are our best choices to provide free rate quotes in Alabama. If multiple companies are listed, we recommend you get prices from several of them in order to get a fair rate comparison.

Dodge Charger Insurance Rate Estimates in Montgomery, AL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $350 $698 $548 $32 $164 $1,792 $149
Charger $280 $512 $396 $24 $118 $1,330 $111
Charger AWD $358 $710 $510 $30 $152 $1,760 $147
Charger 3.5 AWD $252 $430 $396 $24 $118 $1,220 $102
Charger SXT $296 $514 $570 $34 $170 $1,584 $132
Charger SXT AWD $298 $476 $434 $26 $130 $1,364 $114
Charger Rallye $158 $276 $404 $24 $122 $984 $82
Charger R/T $242 $442 $434 $26 $130 $1,274 $106
Charger Rallye AWD $262 $552 $510 $30 $152 $1,506 $126
Charger R/T AWD $218 $430 $510 $30 $152 $1,340 $112
Charger SRT-8 $354 $686 $510 $30 $152 $1,732 $144
Get Your Own Custom Quote Go

Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alabama minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Prices do not factor in vehicle location which can influence premium rates considerably.

How much more does full coverage cost?

The illustration below illustrates the comparison of Dodge Charger car insurance costs with full coverage and liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, married female driver, and no discounts are factored in.

When to buy liability coverage only

There is no set rule for dropping full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let's assume your Dodge Charger replacement cost is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying the physical damage deductible. If you are currently paying more than $300 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are a few cases where buying only liability insurance is not a good idea. If you haven't paid off your loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Physical damage deductibles

One of the more difficult decisions when buying car insurance is how high should the physical damage deductibles be. The rates below can help you understand the rate difference when you select higher and lower policy deductibles. The first set of prices uses a $100 deductible and the second data table uses a $500 deductible.

Dodge Charger insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $364 $618 $422 $24 $126 $1,579 $132
Charger $364 $618 $422 $24 $126 $1,579 $132
Charger AWD $364 $618 $422 $24 $126 $1,579 $132
Charger 3.5 AWD $364 $618 $422 $24 $126 $1,579 $132
Charger SXT $364 $618 $422 $24 $126 $1,579 $132
Charger SXT AWD $364 $618 $422 $24 $126 $1,579 $132
Charger Rallye $364 $618 $422 $24 $126 $1,579 $132
Charger R/T $364 $710 $422 $24 $126 $1,671 $139
Charger Rallye AWD $364 $710 $422 $24 $126 $1,671 $139
Charger R/T AWD $402 $710 $422 $24 $126 $1,709 $142
Charger SRT-8 $402 $710 $422 $24 $126 $1,709 $142
Get Your Own Custom Quote Go
Dodge Charger insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $266 $418 $422 $24 $126 $1,256 $105
Charger $266 $418 $422 $24 $126 $1,256 $105
Charger AWD $266 $418 $422 $24 $126 $1,256 $105
Charger 3.5 AWD $266 $418 $422 $24 $126 $1,256 $105
Charger SXT $266 $418 $422 $24 $126 $1,256 $105
Charger SXT AWD $266 $418 $422 $24 $126 $1,256 $105
Charger Rallye $266 $418 $422 $24 $126 $1,256 $105
Charger R/T $266 $480 $422 $24 $126 $1,318 $110
Charger Rallye AWD $266 $480 $422 $24 $126 $1,318 $110
Charger R/T AWD $294 $480 $422 $24 $126 $1,346 $112
Charger SRT-8 $294 $480 $422 $24 $126 $1,346 $112
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alabama minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rates do not factor in vehicle location which can decrease or increase premium rates greatly.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $28 more each month or $336 annually than opting for the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at a minimum 14 months between claim filings, you would save money if you elect the higher deductible. The illustration below shows an example of how you can make your own decision.

Average monthly premium for $100 deductibles: $135
Average monthly premium for $500 deductibles (subtract): - $107
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

One big caveat is that a higher deductible level means you will have to pay more when you file a claim. It will be required that you have some savings in the event you need to pay the higher deductible in order to repair your vehicle.

How to Lower Your Insurance Prices

Smart consumers have a good feel for the rating factors that help determine the level of your policy premiums. When you understand what influences your rates, this enables you to make decisions that could help you find lower rates. Multiple criteria are used in the calculation when you get your auto insurance bill. Some are obvious such as your driving history, but some are not quite as obvious such as whether you are married or your vehicle rating.

Shown below are some of the major factors utilized by car insurance companies to help set your rate level.

Bad credit will cost you - Your credit score is likely to be a major factor in determining what you pay for auto insurance. Consumers who have very good credit scores tend to be more responsible than drivers who have poor credit. So if your credit score is low, you could pay less to insure your Dodge Charger by taking the time to improve your credit score.

Your career may increase rates - Did you know your career choice can influence rates? Occupations like fire fighters, airline pilots, and miners tend to pay higher premium rates in part from intense work-related stress and long work days. Other jobs such as scientists, athletes and retirees have the lowest average rates.

Pay more for higher performance vehicles - The performance of the car you are insuring makes a substantial difference in the rate you pay. Due to the fact that the Dodge Charger is a sports car, insuring your vehicle will cost much more as compared to the average rate in Montgomery. Economy passenger cars usually have the lowest premiums, but the cost you end up paying is determined by many additional factors.

Drive a safer car and pay less - Safe vehicles tend to be cheaper to insure. Vehicles engineered for safety reduce occupant injuries and reduced instances of injuries translates into savings for insurance companies passed on to you as lower rates.

Dodge Charger insurance loss data - Insurers study historical loss data when setting rates for each model. Models that have increased claim numbers or amounts will have higher premium rates.

The information below illustrates the collected loss data for Dodge Charger vehicles. For each policy coverage, the claim amount for all vehicles, regardless of make or model, is set at 100. Values that are 100 or less indicate a favorable loss history, while percentages above 100 show a trend for more claims or larger claims.

Insurance Loss Ratings for Dodge Charger Vehicles

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Charger 2WD 148 142 160 176 178 159
Dodge Charger 4WD 124 129 115 107 110 138
Dodge Charger HEMI 156 106 202 118 127 111

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Do I need special coverages?

When it comes to buying proper insurance coverage, there really is no cookie cutter policy. Everyone's situation is a little different.

For example, these questions may help you determine whether your personal situation would benefit from an agent's advice.

If you can't answer these questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form. It only takes a few minutes and can provide invaluable advice.

Local agents and insurance

Some people still prefer to have an agent's advice and that is OK! Good insurance agents are trained to spot inefficiencies and help you file claims. One of the great benefits of comparing insurance prices online is that you can find lower car insurance rates but also keep your business local. Supporting local insurance agents is especially important in Montgomery.

For easy comparison, once you complete this form (opens in new window), your insurance data gets sent to agents in your area that can provide free Montgomery auto insurance quotes for your business. It's much easier because you don't need to find an agent due to the fact that quote results will go directly to you. If you need to quote rates from a specific insurance company, you would need to visit that company's website and complete a quote there.

Picking an insurance company requires more thought than just the quoted price. Any agent in Montgomery should be forthright in answering these questions:

Why you need to buy car insurance

Despite the high cost of buying insurance for a Dodge Charger in Montgomery, maintaining insurance may not be optional for several reasons.

First, almost all states have minimum liability requirements which means the state requires specific limits of liability coverage in order to be legal. In Alabama these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your Charger, most lenders will have a requirement that you buy full coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Dodge at a much higher premium rate and force you to reimburse them for it.

Third, insurance safeguards both your vehicle and your personal assets. It will also cover medical bills for yourself as well as anyone injured by you. As part of your policy, liability insurance also covers legal expenses in the event you are sued. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of carrying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer overpays more than $855 a year so you should quote rates at every renewal to ensure rates are inline.

Cover all your bases

People switch companies for many reasons like denial of a claim, high rates after DUI convictions, questionable increases in premium or being labeled a high risk driver. Whatever your reason, finding a new company is not as hard as you think.

We just covered many tips how you can save on Dodge Charger insurance in Montgomery. It's most important to understand that the more rate quotes you have, the higher your chance of finding the cheapest Dodge Charger rate quotes. Consumers may even find the lowest premium rates come from a lesser-known regional company.

When searching for cheaper Montgomery auto insurance quotes, make sure you don't buy lower coverage limits just to save a few bucks. There are too many instances where drivers have reduced liability coverage limits only to regret they didn't have enough coverage. Your aim should be to find the BEST coverage for the lowest price, not the least amount of coverage.

For more information, feel free to visit these articles: