The Dodge Challenger is an exciting muscle car that enthralls car enthusiasts. With a powerful engine and lots of horsepower, you'll need an auto insurance package that can match up.
What Kind of Insurance Do You Need for Your Dodge Challenger?
Some insurance companies will consider the Dodge Challenger a sports car. This means you'll need to purchase sports car insurance which differs from traditional insurance. Sports car or not, some states will require different minimum coverage, and rates will be impacted by a variety of factors related to you personally and your vehicle. While certain coverages aren’t mandatory, it’s always a good idea to weigh the benefits of choosing extra protection for yourself. An independent insurance agent can help you determine which insurance options and how much coverage will be best for you.
Most states mandate the following coverage:
Bodily injury liability: Every accident is caused by a driver, and if that driver is you, then you're responsible for any damage that you cause to another person. Bodily injury liability reimburses third-party drivers and passengers for any injuries and lost wages resulted from an accident where you're at fault.
Property damage liability: Property damage liability coverage pays for damage you cause to another person’s vehicle or property while you are driving.
Many states also require this coverage:
Medical payments/Personal injury protection: Medical payments or (PIP) coverage steps in to pay for expenses associated with medical treatment and lost wages for you and any passengers in the event of an accident.
Uninsured motorist coverage: Unfortunately, 13% of drivers fail to carry insurance while driving. This means that one in ten drivers are driving without insurance. Uninsured and underinsured motorist coverage helps pay for any damage that may be caused if you're in an accident with an uninsured motorist or a driver without sufficient insurance.
Collision insurance: If you fail to carry collision coverage, you may be on the hook for thousands of dollars for repairs out of pocket if you are at fault for a collision with another car or object.
Comprehensive insurance: For anything that isn't covered by collision insurance, comprehensive coverage steps in. This includes incidents such as natural disasters, fires, and storms that can cause significant damage to your Dodge Challenger.
Glass coverage: Replacing a windshield or paying for rock chips and cracks can cost several hundred dollars. Glass coverage usually is available for a low monthly premium, and pays for a repair or replacement at no cost.
Gap insurance: Do you owe more on your Dodge Challenger than it's worth? If the answer is yes, you’ll definitely want to consider buying gap coverage, which covers the difference between what you owe and what the car is worth if a total loss occurs.
What Affects the Cost of Car Insurance for Your Dodge Challenger?
If you put a lot of miles on your car, like 10,000 to 15,000 a year, you might see higher insurance premiums. More time on the road means you're at greater risk of filing an insurance claim from an incident.
Moving and traffic violations result in higher premiums. To no surprise, someone without a history of bad driving incidents appears much less risky to insurance companies. An independent insurance agent can advise you on when any former accidents or traffic violations will fall off and stop affecting your rates.
The value of your car
The more value a car holds, the more an insurance company would have to repair or replace it. Plus, insuring a sports car naturally costs more money because of the features and potential for risks. Depending on the trim, a Dodge Challenger can be considered a highly valuable sports vehicle, which means your premiums will reflect this.
|Average Dodge Challenger Prices|
|2020||$28,095 - $58,995|
|2019||$26,800 - $71,325|
|2018||$25,050 - $106,575|
|2017||$23,850 - $53,600|
|2016||$20,900 - $49,225|
The safety of your Dodge Challenger
Insurers take into consideration the safety rating and features of your vehicle when determining your insurance premiums. The Dodge Challenger earned several five stars from the National Highway Traffic Safety Administration (NHTSA) in a variety of crash tests, but its rankings were more variable by the Insurance Institute of Highway Safety. Combine the Challenger's less than stellar safety ratings with the fact that it's classified as a sports car, and you will most likely be paying a more expensive premium than your typical Toyota or Ford driver.
Where you live with your Dodge Challenger
Where you live also has an impact on your insurance rates. If you live in a more populated city, you are more prone to incidents that could lead to a claim like theft or vandalism. Drivers in small towns are much less likely to experience the same risks.
Average cost to insure a Dodge Challenger
The average annual cost to insure a Dodge Challenger is $1,692, which puts it above the national average, but not extremely expensive to insure. Those costs could be even higher if you are a high-risk driver, since you pose more of a risk to the insurance company.
Which states are most affordable and least affordable for car insurance?
Estimated annual car insurance premiums in the United States:
|Most expensive states:|
|Most affordable states:|
How Can You Save on Dodge Challenger Car Insurance?
Luckily, insurance companies offer plenty of ways to help you save money on car insurance, including:
- Good student discount
- Anti-theft device discount
- Affinity discount
- Good driver discount
- Multi-line discount
- Multi-vehicle discount
If you choose a higher deductible, you can lower your premiums a bit as well.
Top Insurance Companies That Insure the Dodge Challenger
No two insurance companies are exactly alike. It’s important to select an insurer that's reliable, trustworthy, and committed to their customers. The US Independent Insurance Agent Satisfaction Study by J.D. Power awarded the following companies high marks:
Your independent insurance agent can help you choose a company that is the right fit for your car insurance needs.
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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consume report; quote inspector; iihs; nhtsa