Do you get exhausted from scraping nickels together each month for car insurance? You are no different than many other Minnesota drivers.
It’s an obvious conclusion that auto insurance companies don’t want you comparing rates. People who get price quotes annually will presumably buy a new policy because they stand a good chance of finding discount prices. A recent survey found that people who regularly compared rates saved about $3,450 over four years compared to other drivers who never shopped around.
If finding the cheapest rates on Dodge Charger insurance in Minneapolis is your ultimate target, understanding how to choose a company and compare coverages can save time and money.
Numerous car insurance companies battle for your insurance dollar, so it can be very hard to choose a insurer to find the cheapest price on Dodge Charger insurance in Minneapolis.
Dodge Charger insurance rates and statistics
The price information displayed below showcases estimates of insurance prices for Dodge Charger models. Being more informed about how car insurance premiums are determined is important for making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Charger 3.5 AWD||$164||$316||$448||$26||$134||$1,088||$91|
|Charger SXT AWD||$164||$316||$448||$26||$134||$1,088||$91|
|Charger Rallye AWD||$164||$362||$448||$26||$134||$1,134||$95|
|Charger R/T AWD||$180||$362||$448||$26||$134||$1,150||$96|
|Get Your Own Custom Quote Go|
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can change coverage rates significantly.
Insurance discounts help lower rates for Dodge Charger insurance in Minneapolis
Insurance can cost an arm and a leg, but you might already qualify for some discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but once in a while a discount must be requested specifically prior to receiving the credit.
- Senior Discount – Drivers over the age of 55 are able to get better insurance rates.
- Auto/Life Discount – Select insurance companies reward you with a small discount if you purchase a life policy as well.
- Theft Deterrent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and will qualify for a discount on a Minneapolis auto insurance quote.
- Telematics Data – Minneapolis drivers who agree to allow companies to analyze driving manner by using a telematic data system such as Drivewise from Allstate or Snapshot from Progressive may see discounts as long as the data is positive.
- Online Discount – Some larger companies give back up to $50 for completing your application on the internet.
- Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts could see savings of 20% or more.
- Claim-Free Discount – Drivers who don’t have accidents can save substantially as opposed to frequent claim filers.
We need to note that most of the big mark downs will not be given to all coverage premiums. Some only reduce the cost of specific coverages such as medical payments or collision. Even though it appears all the discounts add up to a free policy, companies wouldn’t make money that way.
The chart below compares Dodge Charger auto insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no claims, a clean driving record, Minnesota state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, multi-policy, homeowner, and safe-driver discounts applied.
Large insurance companies and a summarized list of policyholder discounts are:
- Farm Bureau policyholders can earn discounts including driver training, 55 and retired, multi-vehicle, youthful driver, good student, and safe driver.
- Liberty Mutual offers discounts for multi-policy, new graduate, newly married, good student, hybrid vehicle, newly retired, and new move discount.
- State Farm may offer discounts for multiple autos, anti-theft, driver’s education, passive restraint, safe vehicle, and Drive Safe & Save.
- Auto-Owners Insurance discounts include group or association, multiple vehicles, multi-policy, company car, student away at school, safe driver, and anti-lock brakes.
- GEICO may have discounts that include multi-vehicle, membership and employees, anti-lock brakes, federal employee, anti-theft, and five-year accident-free.
- SAFECO offers premium reductions for accident prevention training, anti-lock brakes, safe driver, homeowner, bundle discounts, and teen safety rewards.
If you need cheaper Minneapolis auto insurance quotes, ask every company which discounts can lower your rates. Some of the discounts discussed earlier may not apply in Minneapolis. For a list of insurers that offer some of these discounts in Minneapolis, click here to view.
Auto insurance coverage options for a Dodge Charger
Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement.
Comprehensive (Other than Collision)
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as damage from a tornado or hurricane, fire damage and damage from flooding. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Liability insurance provides protection from damage or injury you incur to other people or property in an accident. 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. Your policy might show values of 30/60/10 that translate to $30,000 in coverage for each person’s injuries, a total of $60,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability coverage pays for things such as emergency aid, bail bonds and legal defense fees. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford. Minnesota requires drivers to carry at least 30/60/10 but you should think about purchasing more coverage.
The next chart shows why minimum state limits may not be adequate coverage.
This will pay to fix damage to your Charger resulting from a collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as hitting a mailbox, hitting a parking meter, backing into a parked car, scraping a guard rail and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible on your Charger to save money on collision insurance.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Dodge Charger.
Since a lot of drivers only purchase the least amount of liability that is required (Minnesota limits are 30/60/10), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Medical expense insurance
Coverage for medical payments and/or PIP provide coverage for expenses for things like surgery, X-ray expenses, nursing services and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
Compare rates regularly to save
In this article, we covered many ideas to reduce Dodge Charger insurance car insurance rates online in Minneapolis. The key thing to remember is the more companies you get premium rates for, the better your comparison will be. You may even be surprised to find that the biggest savings come from some of the smallest insurance companies.
When getting Minneapolis auto insurance quotes online, make sure you don’t reduce coverage to reduce premium. In many cases, someone sacrificed full coverage only to discover later that it was a big mistake. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.
People leave their current company for a number of reasons such as policy non-renewal, extreme rates for teen drivers, lack of trust in their agent and even policy cancellation. It doesn’t matter why you want to switch switching insurance companies is easier than you think.
Steps to buying cheaper Dodge Charger insurance in Minneapolis
The preferred way to get affordable auto insurance rates is to compare prices annually from insurers who sell insurance in Minneapolis. Rate comparisons can be done by completing these steps.
- Step 1: Read about the different coverages in a policy and the things you can control to keep rates low. Many risk factors that drive up the price such as tickets, at-fault accidents, and poor credit history can be rectified by making minor changes in your lifestyle.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and State Farm, while independent agencies can give you price quotes for a wide range of companies.
- Step 3: Compare the new rates to the price on your current policy and see if you can save money. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
- Step 4: Tell your current company of your intent to cancel the current policy. Submit any necessary down payment along with the completed application to your new insurance company. Don’t forget to place your new certificate verifying proof of insurance along with your vehicle registration.
One key aspect when comparing rates is that you’ll want to compare identical coverages on every quote request and and to get price estimates from as many auto insurance providers as possible. This helps ensure a fair rate comparison and the best price quote selection.
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