Even though Fiat acquired them in 2014, Chrysler still remains one of the top three American auto manufacturers. In addition to their own line of vehicles, they are the parent company of Jeep, Dodge and RAM trucks. Chrysler is the seventh largest automaker in the world when measured in production volume. Over the past 90 years, they have manufactured some of America's most popular cars.
Even today, they continue to make some of the best-selling cars in the industry when you compare production volume to ownership levels in American households. In 2015, Automotive News ranked RAM, Jeep, Dodge and Chrysler vehicles in the top 10 for North American car brands. Jeep, Dodge and RAM were among the top 20 brands in sales for North America that same year.
In terms of individual vehicle ownership, 11 million people in the US owned or leased a Chrysler in 2015, according to a Nielsen Survey. Furthermore, 3.1% of those households said they had an annual income of more than $200,000, and a little more than 6.25% of Americans reported living in a home where a family member's most recently acquired vehicle was a Chrysler. And if you rent a vehicle from a major car rental agency, Fortune Magazine says it's more than likely going to be a Chrysler.
Their consumer popularity also makes Chrysler brand vehicles popular among thieves. Since Chrysler vehicles are targets of theft, you will want to make sure your vehicle, and finances, are properly covered with the right Chrysler insurance.
With such a storied history and solid track record, it's no wonder the Chrysler brand is so popular with American consumers. These cars are also popular with another group as well: thieves. In 2008, the Dodge Charger was number 4 on the list of vehicles that were stolen most often in the United States. In 2014, it was number 6 on the list; 680 were stolen. This list is published every year by the National Insurance Crime Bureau and is known as the “Hot Wheels” list.
So how do you prevent theft? There are four things to keep in mind.
Also, be sure to check your auto insurance. It is a good idea to have comprehensive insurance on your vehicle in case it is stolen or vandalized. Speak to a Trusted Choice® agent about obtaining this type of coverage. If your vehicle is prone to theft, you will want to make sure your insurance policy is adequate.
So what does it cost to own one of these Chrysler vehicles that are so popular with auto thieves? Here is the breakdown for the base models. Keep in mind, the largest impact occurs the first year when the vehicle is affected most by depreciation.
Chrysler 200. Sales of this popular Chrysler model surged in 2015 to 15,108. That's an 85.2% increase over the 2014 number of 8,159. The generous leg room and sleek styling make it the perfect mid-size sedan for consumers, and great eye candy for would-be car thieves. It has great acceleration, too. No wonder it made the 2015 top 30 best-seller list. Owning a Chrysler 200 over a five-year period costs around $38,700. The biggest costs after depreciation are fuel (approximately $1,500) and taxes ($2,400). Also, this sleek mid-size sedan gets 18 mpg in the city and 29 on the highway, so long-distance travel can definitely impact fuel cost over the ownership life of the car. Expect to pay $600 to $700 per year for insurance over a five-year period.
Chrysler 300. The cost of ownership for the crown jewel of Chrysler is about $47,000 over a five-year span. Again, fuel and taxes make up the larger portion of ownership costs after depreciation, with a possible maintenance increase in year three or four. Gas mileage runs 18 city/27 highway, so long-distance travel can help lower fuel cost for lifetime ownership. Auto insurance for the Chrysler 300 averages $700 to $800 over five years. This vehicle is similar to the Dodge Charger under the skin; it looks and acts almost the same. The exterior, however, boasts a quite different look. It was updated in 2015 with better suspension and new voice controls for the driver.
These are the estimated ownership costs for some of the most popular Chrysler vehicles. The insurance costs shown above are estimates, too. Remember, there are several factors that influence your overall insurance rate, such as:
If your vehicle is prone to theft because of the model or area of the country where you live, you are likely pay a higher insurance rate. The good news is it that only affects one part of your auto insurance policy, comprehensive coverage. Steering wheel locks, GPS, and other theft-deterrent features could lower your insurance premiums. Ultimately, though, it is always best to speak with a Trusted Choice independent insurance agent to get the best rates and right amount of coverage.
So no matter whether you drive a Chrysler 300 or a Dodge Charger, Trusted Choice agents are your best option for finding the coverage you need. Your agent can make comparison shopping easy by helping you determine your coverage needs and then obtaining quotes from multiple agencies so you can shop for value. Be sure to ask your Trusted Choice agent about your specific circumstances, as each situation is unique. This will help you get the best Chrysler insurance policy possible. Contact your local agent today.