Dodge Challenger Insurance

How to Insure a Theft Magnet Like the Dodge Challenger

(Finding the right coverage for your Challenger)

Like a few other Dodge vehicles, it can be hard to keep the Dodge Challenger out of the hands of thieves. In 2013, this popular sports car was ranked number 3 in its class for vehicle thefts by the National Crime Information Bureau. This exciting muscle car enthralls thieves as well as enthusiasts. 

That makes the right level of Challenger insurance coverage a must. But there are other factors that may affect this beloved car's insurance premiums, including the fact that it is a muscle car with a powerful engine and lots of horsepower. The more valuable and powerful a vehicle is, the better your auto insurance must be. 

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The Dodge Challenger and Auto Theft

Despite its loud, powerful engine, thieves still found a way to steal 782 in 2012, according to the National Insurance Crime Bureau. The National Highway Safety Administration reports that 3.1 Challengers for every 1,000 on the road were stolen that year. In 2013, that number rose to 4.4 vehicles per 1,000.

Also, car theft appears to be on the rise, according to new national crime figures from the FBI. In fact, the number of stolen vehicle cases increased 1% in 2015 over the previous year. Other types of property crimes have dropped over the past decade by about 19%, but vehicle theft has only decreased by 2%.

Owning a vehicle on the "most stolen" list carries a certain amount of risk. You want to make sure that your vehicle is protected and you do not incur financial hardship should your Challenger fall prey to theft. The easiest way to do this is to keep your Challenger’s insurance policy up to date.

And yes, it's harder to steal newer vehicles, but with car thefts on the rise, you'll want to keep your car from being stolen. 

Hot cars like the Challenger are easy to spot when they're parked outside, so one of the best ways to keep your Challenger out of a thief's grasp is to park it in the garage, if you have one. There are also other preventive measures you can take.

For starters, make sure you keep your keys on your person. Never leave them in the car, and always lock your car when you leave it. A warning device is helpful too, even if it only draws attention should someone try to break into your vehicle. 

Tracking devices are great and allow police to recover your vehicle via GPS tracking. Even better, if your vehicle is equipped with an immobilizing device, like a kill switch or fuel cut off sensor, a would-be thief will likely look elsewhere. 

Having these devices installed in your car can help qualify your Challenger for insurance discounts.  

Is the Sporty Challenger as Safe to Drive as It Is Fun?

A car is stolen every 46 seconds in America, and it could be your Dodge Challenger. So with the issue of theft addressed, the next question is safety. The 2016 Dodge Challenger coupe received the highest safety rating from the National Highway Traffic Safety Administration. 

It also received an acceptable rating from the Insurance Institute for Highway Safety. The Challenger’s safety features include anti-lock brakes, traction control, seven airbags throughout the vehicle and seatbelt pretensioners. Safety features are an important factor when determining your auto insurance rates. 

A car designed to keep both the driver and passengers safe during a collision will result in fewer medical bills that need to be covered. This usually translates into a lower insurance premium.

Ownership and Challenger Insurance Costs

Owning a Challenger over a five-year period costs around $34,000 for the base model. Fuel is a majority of the cost, topping out at around $1,500, while insurance runs between $900 and $1,400 annually, depending on the model. 

Maintenance increases from just under $200 to just over $1,500 at the end of year five as some of the major components will need to be repaired or replaced.

While the safety rating is one factor to be considered for your insurance premium, the bigger engine, manual transmission and speed of the vehicle are factors as well. Muscle cars with large engines and manual transmissions are typically driven by more aggressive drivers. 

Also, the fact that the Challenger is loaded with metal makes it a heavy car. This could affect insurance rates further, since a car that large and fast has the potential to do significant damage should an accident occur.

Also, don't forget other factors that are in play. The fact that the Challenger is on the “most stolen list” has an impact, as well as its history with other drivers. Lastly, your age, criminal history, gender, location and driving habits are all used to help determine the amount of insurance you pay.

Getting the Best Challenger Insurance Coverage

Shopping around for insurance is important before making a final decision. An independent agent can help you compare quotes and go over your options to find the best policy that fits your needs. Contact a local agent to find the most affordable Challenger insurance rates.

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