Chrysler 300 Insurance

And how you can get started today

Written by Sara East
Written by Sara East

Insurance doesn’t have to be boring. That’s why we hired Sara East to be our BA insurance writer. Maggie specializes in making mundane subjects hella-entertaining.

Chrysler 300 Insurance

The Chrysler 300 is a big, bold sedan that has enough power under the hood to get you wherever you need to go quickly. It's fun to look at and even more fun to drive. The 300 straddles the line between a high-performing family sedan and an entry-level luxury vehicle, so you'll want to make sure you have the proper car insurance.

An independent agent can help you find a Chrysler 300 insurance policy that will offer the protection you need at a price you can afford. They can also make sure you are getting all of the available discounts that you qualify for and answer any questions you may have about car insurance.  

What Kind of Insurance Do You Need for Your Chrysler 300? 

It's important to know that some states have required insurance coverage for all drivers. If you're caught driving without the required insurance, you could lose your license. Mandated coverages are usually only minimum amounts and not sufficient enough coverage for most drivers, which is why there are additional coverage options you can add to your policy for a more comprehensive car insurance package. The following coverages are mandated in most states. 

Bodily injury liability: You spend a majority of your time on the road trying to avoid causing an accident, but sometimes it happens. If you do cause an accident that results in injuries to someone else, bodily injury insurance helps pay for lost wages and medical expenses for covered incidents. 

Every state except Florida and New Hampshire requires drivers to carry bodily injury liability insurance. 

Property damage liability: If you cause an accident that results in injuries for the other person driving, it most likely means that their vehicle sustained damage as well. Property damage liability helps pay to repair or replace the vehicle. It will also pay for damage done to buildings or structures.

Medical payments, or Personal injury protection: No-fault states require all drivers to submit a claim to their insurance in the event of an accident whether you're at fault or not. In these states, you're required to purchase personal injury protection (PIP) coverage to pay for your personal medical expenses resulting from an at-fault accident. If you live in a state where PIP coverage isn't available, you can choose medical payments coverage. 

Uninsured motorist coverage: If you're driving and you're in an accident with an uninsured driver, uninsured and underinsured motorist coverage helps pay for your car repairs or medical bills. In some states, uninsured motorist coverage is required.

Optional coverage: 

  • Collision insurance: If you're in an accident, collision insurance helps to pay for or repair your vehicle. Although collision insurance is optional in most states, it's worth looking into as most auto accidents are a result of a collision.
  • Comprehensive coverage: If your vehicle sustains damage outside of a collision, such as from a natural disaster or vandalism, comprehensive coverage will pay for the damage minus your deductible. 
  • Glass coverage: Driving with a broken windshield is illegal and dangerous. For just a few dollars per month, you can add glass coverage to your policy to help pay for repairs to your windshield and other glass.
  • Gap insurance: If you lease or loan your Chrysler 300 or buy it brand new,  gap insurance helps pay off your car if you're involved in a total loss situation so you don't have to come up with the money on your own. 

What Affects the Cost of Insurance for Your Chrysler 300?

Your age, driving record, location, and your car's safety features and ratings are important criteria that help insurance companies figure out how much to charge you for an auto insurance policy. 

With all vehicles, premiums will vary from model to model, depending on the size of the engine and other factors, such as how the vehicle rates on safety and the likelihood of theft.

Of course, drivers with fewer violations and accidents on their records enjoy lower insurance rates. Having just one violation on your record can add $1800 annually to your Chrysler 300 insurance.

Average insurance rates for Chrysler 300 $1,548
Teens $5,622
High-risk drivers $3,348
High deductible $1,318
Low deductible $1,998

The safety of your Chrysler 300

The Chrysler 300 gets good, but not top safety marks. It was awarded an overall 4 out of 5 star rating from the National Highway Traffic Safety Administration (NHTSA) and also received the top rating of “Good” from the Insurance Institute for Highway Safety (IIHS) in all but one category. In the small overlap front test, it only received a marginal rating.

Standard safety equipment includes anti-lock brakes, stability control, numerous airbags, anti-whiplash headrests, and a security system.

The Chrysler 300 offers a wide variety of advanced safety equipment, but most are optional. A few of the optional safety features include ParkSense® front and rear park assist, adaptive cruise control with stop, LaneSense® lane departure warning with lane keep assist, and advanced brake assist. 

Insurers will often offer discounts for advanced safety features that help prevent accidents or reduce the amount of damage as they help keep claim costs lower.

How location affects your Chrysler 300 car insurance premiums        

Where you live has a great deal to do with your auto insurance rates. Big cities like Los Angeles and New York City will have some of the highest rates. Residents in Los Angeles pay an average of $2,649 and $2,448 in New York City. In general, some states are more expensive for car insurance than others. 

Least expensive states for Chrysler 300 insurance:
North Carolina $892
Virginia $930
Maine $956
Iowa $1,046
Idaho $1,048
Most expensive states for Chrysler 300 insurance:
Texas $1,866
Florida $1,940
Rhode Island $2,068
Kentucky $2,114
Louisiana $2,294

Average cost of Chrysler 300 insurance by model

Not all Chrysler 300 have the same car insurance rates. Here's an example of how average rates vary by model. 

Model Rate
Chrysler 300 Touring 4-Dr Sedan $1,414
Chrysler 300 S V6 4-Dr Sedan $1,504
Chrysler 300 Limited 4-Dr Sedan $1,548
Chrysler 300 C 4-Dr Sedan $1,594
Chrysler 300 SRT-8 4-Dr Sedan $1,638

Top Auto Insurance Carriers for Chrysler 300

When choosing insurance coverage, pay attention to the insurance company's reputation. It's crucial to choose a company that responds to inquiries and pays claims in a timely manner. Unfortunately, not every insurance company has a track record of taking good care of their customers. Your independent insurance agent can recommend insurance companies that they trust to meet their clients' needs. 

Here are four insurance companies that earned high marks in the US Independent Insurance Agent Satisfaction Study by J.D. Power:

  1. Progressive
  2. Safeco
  3. Travelers

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Where to Find Car Insurance for a Chrysler 300

The Chrysler 300 is a striking family sedan that offers great performance and value. If you have one in the garage or are shopping for one, you will need the right Chrysler 300 insurance policy to protect your investment. 

An independent agent will help you find the perfect policy at a price that fits your budget. They will do all of the legwork, shopping numerous companies and presenting you with the best options. Contact an agent today.

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