Best Ways to Save on Plano Dodge Charger Insurance

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Dodge Charger insurance policy image courtesy of QuoteInspector.com

We don't have to tell you that auto insurance companies don't want you to look for a cheaper policy. Insureds who do rate comparisons will, in all likelihood, buy a new policy because there are good odds of finding a lower-cost company. A recent survey discovered that drivers who compared price quotes annually saved approximately $3,400 over four years compared to other drivers who didn't regularly shop around.

If finding budget-friendly rates on car insurance is why you're reading this, then having some knowledge of the best way to shop and compare auto insurance can help simplify the process.

Insurance rates Dodge Charger in PlanoThe most effective way to find lower priced car insurance rates in Plano is to compare prices once a year from companies that insure vehicles in Texas.

First, try to learn about coverages and the things you can change to keep rates in check. Many policy risk factors that drive up the price like traffic violations, accidents, and a lousy credit rating can be improved by making lifestyle changes or driving safer. Read the full article for more ideas to get lower rates and find possible discounts that are available.

Second, get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices for many different companies.

Third, compare the quotes to the premium of your current policy to see if a cheaper price is available. If you find better rates and make a switch, make sure coverage is continuous and does not lapse.

Fourth, notify your company or agent of your intention to cancel your existing policy and submit the signed application along with the required initial payment to your new agent or company. Immediately upon receiving it, place your new proof of insurance paperwork in your glove compartment.

A crucial key to this process is to use identical deductibles and limits on each price quote and and to get prices from every company you can. Doing this ensures a fair price comparison and the best price quote selection.

If you are insured now or are looking for a new policy, take advantage of these tips to find better prices without sacrificing coverage. Shopping for the lowest-priced insurance policy in Plano is easy to do. Consumers just have to learn the fastest way to compare rates from multiple carriers.

Lower rate quotes by receiving discounts

Not many people think insurance is cheap, but companies offer discounts that can drop the cost substantially. A few discounts will automatically apply at the time of purchase, but some discounts are required to be specially asked for before you will receive the discount.

  • Drive Less and Save - Low annual miles can qualify you for cheaper prices.
  • Home Ownership Discount - Owning a home in Plano can help you save on auto insurance since owning and maintaining a home requires personal responsibility.
  • Accident Free - Insureds who avoid accidents and claims get the best auto insurance rates compared to bad drivers.
  • Employee of Federal Government - Simply working for the federal government can save as much as 8% with a few auto insurance companies.
  • Early Payment Discounts - If paying your policy premium upfront instead of making monthly payments you may have a lower total premium amount.
  • Distant Student - Children who attend college more than 100 miles from Plano and do not have access to a covered vehicle can be insured at a reduced rate.
  • Savings for New Vehicles - Insuring a new Charger can cost up to 25% less because new model year vehicles are generally safer.
  • Good Students Pay Less - Maintaining excellent grades can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Driver Safety - Taking time to complete a course teaching driver safety skills could cut 5% off your bill and also improve your driving technique.

One last thing about discounts, most credits do not apply to the entire policy premium. The majority will only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like you could get a free auto insurance policy, companies wouldn't make money that way.

The information below illustrates the difference between Dodge Charger insurance costs with and without policy discounts. The information is based on a male driver, no claims, a clean driving record, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, homeowner, marriage, claim-free, and multi-car discounts applied.

Some of the insurance companies that possibly offer most of these discounts may include but are not limited to:

If you want the cheapest Dodge Charger rate quotes, ask all the companies which discounts can lower your rates. Some discounts listed above may not apply everywhere.

Most larger insurance companies such as Progressive, Allstate and GEICO give prices directly from their websites. The process is quite easy as you simply enter your required coverages on the page. When the form is submitted, the quote system makes automated requests for information on your driving record and credit history and returns a price based on the data you entered.

Being able to quote online for Dodge Charger insurance in Plano simplifies rate comparisons, and it is imperative to do this in order to get a better rate.

To quickly use this form to compare rates, compare quotes from the companies shown below. If you currently have coverage, we recommend you complete the form with the coverage information exactly as shown on your declarations page. This helps ensure you will get an apples-to-apples comparison for the exact same coverage.

The car insurance companies shown below offer free rate quotes in Texas. If you wish to find cheap auto insurance in Texas, we suggest you compare several of them to get a more complete price comparison.

Insurance statistics and figures

The price information shown below covers a range of coverage costs for Dodge Charger models. Having a better idea how insurance policy rates are calculated can help customers make smart choices when buying a policy.

Dodge Charger Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $370 $584 $476 $28 $142 $1,600 $133
Charger $370 $584 $476 $28 $142 $1,600 $133
Charger AWD $370 $584 $476 $28 $142 $1,600 $133
Charger 3.5 AWD $370 $584 $476 $28 $142 $1,600 $133
Charger SXT $370 $584 $476 $28 $142 $1,600 $133
Charger SXT AWD $370 $584 $476 $28 $142 $1,600 $133
Charger Rallye $370 $584 $476 $28 $142 $1,600 $133
Charger R/T $370 $672 $476 $28 $142 $1,688 $141
Charger Rallye AWD $370 $672 $476 $28 $142 $1,688 $141
Charger R/T AWD $408 $672 $476 $28 $142 $1,726 $144
Charger SRT-8 $408 $672 $476 $28 $142 $1,726 $144
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rates do not factor in your specific Plano location which can revise auto insurance rates noticeably.

An analysis of deductible level

One common question asked by Plano drivers is where should you set your physical damage deductibles. The rates shown below sum up the costs and benefits between high and low comp and collision deductibles. The first set of rates uses a $250 deductible for physical damage and the second pricing table uses a $500 deductible.

Dodge Charger insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $370 $584 $476 $28 $142 $1,625 $135
Charger $370 $584 $476 $28 $142 $1,625 $135
Charger AWD $370 $584 $476 $28 $142 $1,625 $135
Charger 3.5 AWD $370 $584 $476 $28 $142 $1,625 $135
Charger SXT $370 $584 $476 $28 $142 $1,625 $135
Charger SXT AWD $370 $584 $476 $28 $142 $1,625 $135
Charger Rallye $370 $584 $476 $28 $142 $1,625 $135
Charger R/T $370 $672 $476 $28 $142 $1,713 $143
Charger Rallye AWD $370 $672 $476 $28 $142 $1,713 $143
Charger R/T AWD $408 $672 $476 $28 $142 $1,751 $146
Charger SRT-8 $408 $672 $476 $28 $142 $1,751 $146
Get Your Own Custom Quote Go
Dodge Charger insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $300 $472 $476 $28 $142 $1,418 $118
Charger $300 $472 $476 $28 $142 $1,418 $118
Charger AWD $300 $472 $476 $28 $142 $1,418 $118
Charger 3.5 AWD $300 $472 $476 $28 $142 $1,418 $118
Charger SXT $300 $472 $476 $28 $142 $1,418 $118
Charger SXT AWD $300 $472 $476 $28 $142 $1,418 $118
Charger Rallye $300 $472 $476 $28 $142 $1,418 $118
Charger R/T $300 $542 $476 $28 $142 $1,488 $124
Charger Rallye AWD $300 $542 $476 $28 $142 $1,488 $124
Charger R/T AWD $332 $542 $476 $28 $142 $1,520 $127
Charger SRT-8 $332 $542 $476 $28 $142 $1,520 $127
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Price information does not factor in garaging location in Plano which can change price quotes noticeably.

Using the premium rates above, we can conclude that using a $250 deductible costs roughly $17 more each month or $204 for a full year than choosing the higher $500 deductible. Because you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you have at least 15 months between claim filings, you would probably be better off if you opt for a higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $138
Average monthly premium for $500 deductibles (subtract): - $121
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have a comprehensive or collision claim. You need to make sure you have some extra savings in the event you have to pay more for the deductible.

The example below demonstrates how deductibles and can increase or decrease Dodge Charger insurance costs for different age groups. The price estimates are based on a single female driver, full coverage, and no other discounts are factored in.

How violations and accidents impact rates

The illustration below illustrates how traffic citations and at-fault accidents can raise Dodge Charger insurance costs for different categories of driver ages. The data is based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are factored in.

How You Can Control Dodge Charger Insurance Costs

Many things are considered when you get your auto insurance bill. Some are obvious like an MVR report, although others are more obscure such as your credit history and annual miles driven.

Listed below are some of the factors used by your company to calculate your rate level.

Only buy extra coverages you need - Policies have extra coverages that you can get tricked into buying if you aren't diligent. Coverage for things like replacement cost coverage, accidental death, and extra life insurance coverage are some examples. They may sound like good ideas when discussing your needs, but if you have no use for them eliminate them to save money.

Safer cars save money - Safe vehicles are cheaper to insure. Vehicles built for safety help reduce the chance of injuries in an accident and reduced instances of injuries means less money paid by your insurance company passed on to you as lower rates. If your Dodge Charger has at least four stars on Safercar.gov or an "acceptable" rating on iihs.org it may be receiving lower rates.

Advanced alarms and GPS tracking - Selecting a car model with an alarm system can save you some money. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent auto theft and help lower rates.

Does car insurance cost more for guys? - Statistics have proven that men are more aggressive behind the wheel. That doesn't necessarily mean that females are better at driving than males. Females and males have fender benders at a similar rate, but males have accidents that have higher claims. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 cause the most accidents and are penalized with high auto insurance rates.

The illustration below illustrates the difference between Dodge Charger car insurance rates for male and female drivers. Data assumes no driving violations, no at-fault accidents, comp and collision included, $500 deductibles, drivers are single, and no discounts are applied.

Maintain auto insurance coverage - Not maintaining insurance is illegal and you will pay a penalty because you let your insurance lapse. And not only will your rates increase, not being able to provide proof of insurance could earn you fines or a revoked license.

Insurance loss probability for a Dodge Charger - Auto insurance companies factor in historical loss data as a tool for profitable underwriting. Models that historically have a trend towards higher claims will cost more for coverage.

The data below shows the historical loss data for Dodge Charger vehicles. For each type of coverage, the statistical loss for all vehicles, regardless of make, model or trim level, is set at 100. Percentage values below 100 suggest a positive loss record, while percentage numbers above 100 indicate more frequent losses or statistically larger losses.

Dodge Charger Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Charger 2WD 148 142 160 176 178 159
Dodge Charger 4WD 124 129 115 107 110 138
Dodge Charger HEMI 156 106 202 118 127 111
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

There's no such thing as the perfect insurance policy

Always remember that when buying the best insurance coverage for your personal vehicles, there really isn't a one size fits all plan. Each situation is unique and your insurance should be unique as well. These are some specific questions might point out if you will benefit from professional help.

  • What is an umbrella policy?
  • At what point should I drop full coverage?
  • Do I need medical payments coverage since I have good health insurance?
  • How much cheaper are high deductibles?
  • Is a blown tire covered by insurance?
  • Why do I only qualify for high-risk insurance?
  • When should I have rental car coverage?
  • Does car insurance cover theft of personal property?

If you're not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It's fast, free and can provide invaluable advice.

Shop online but buy locally

A small number of people would prefer to buy from a local agent and that can be a great decision Professional agents are trained to spot inefficiencies and help file insurance claims. A nice benefit of getting free rate quotes online is that drivers can save money and get lower premium rates and also buy local. Supporting local agencies is important particularly in Plano.

Plano insurance agentsTo help locate an agent, after submitting this quick form, the coverage information is immediately sent to insurance agents in Plano who will give you bids for your insurance coverage. You won't need to contact any insurance agencies since price quotes are sent immediately to you. If you have a need to compare rates for a specific company, you just need to find their quoting web page and fill out the quote form the provide.

Choosing the best insurance company is decision based upon more than just the price. These are some valid questions you should ask.

  • If your car is in the repair shop, do you have coverage for a rental car?
  • What discounts might you be missing?
  • Is every driver in your family covered?
  • Can you choose the body shop in case repairs are needed?
  • Is there a local claims center in Plano?
  • Are there any discounts for paying up front?
  • What insurance companies do they recommend if they are an independent agent?

Why you need quality insurance for your Dodge vehicle

Even though it can be expensive, maintaining insurance is mandatory in Texas but it also protects more than you think.

First, just about all states have mandatory insurance requirements which means state laws require specific limits of liability coverage if you drive a vehicle. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your car has a loan, most lenders will have a requirement that you buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank or lender will purchase a policy for your Dodge at a much higher premium rate and require you to reimburse them the higher premium.

Third, auto insurance protects not only your vehicle but also your assets. It will also cover most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of buying enough insurance more than cancel out the cost, specifically if you ever have a liability claim. According to a 2015 survey, the average American driver is currently overpaying as much as $850 per year so we recommend shopping around once a year at a minimum to save money.

Best auto insurance company in Plano

Selecting the top car insurance provider can be a challenge considering how many choices drivers have in Texas. The company ratings displayed below could help you decide which car insurance providers you want to consider when comparing rate quotes.

Top 10 Plano Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Top 10 Plano Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Cheaper car insurance is a realistic goal

As you quote Plano auto insurance, never buy poor coverage just to save money. In many cases, an insured dropped full coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.

In this article, we presented many ways to find lower-cost Dodge Charger insurance in Plano. The key thing to remember is the more times you quote, the higher your chance of finding affordable Plano auto insurance quotes. Consumers may even find the best price on car insurance is with an unexpected company. Smaller companies may often insure only within specific states and give better rates compared to the large companies like State Farm and Allstate.

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