Dodge Challenger Insurance Rates
When you’re shopping for auto insurance for your Dodge Challenger, comparing insurance prices and coverage options from several insurance companies is the best way to find the right policy.
Regardless of what your specific insurance coverage needs are, the price of your auto insurance rate is influenced by several factors that include your age, gender, driving record, and where you live.
Another significant element that influences the cost of your insurance is the year, make and model year.
How Much Is A Dodge Challenger Car Insurance Policy?
The Challenger is a high-performance vehicle that’s been known as an all-American muscle car since 1970.
When you’re looking to purchase Dodge Challenger insurance, you’ll probably find that each insurance company quotes a different insurance premium.
Most people start with more well-known companies such as State Farm, Geico, or Progressive. While you’re gathering quotes, be sure to check out the smaller, independent agencies as well for lower rates as well.
Regardless of which company you purchase your insurance from, several factors are taken into account when determining your premiums.
While it’s important to find a car insurance quote that fits your budget, it’s just as essential to make sure that the coverage you’re buying is right for your driving habits.
Depending on your lifestyle, you may require insurance that covers you while driving a rental car or traveling outside of the country.
To ascertain whether the quotes you receive are fair, it’s crucial to understand how car insurance companies calculate risk as it relates to your car.
You can find a breakdown of these items below.
Dodge Challenger Safety Rating and Damage Threshold
Your vehicle’s safety ratings and damage thresholds are thoroughly looked at by insurance companies when determining your rate.
If your car has low safety ratings, the risk to your insurance provider is higher, and in turn, so are your rates.
Challenger insurance might have above-average costs due to its sports car classification.
In recent years, the vehicle has become known for being manufactured to meet strict safety standards. The Dodge Challenger has received high safety ratings from the National Highway Traffic Safety Administration (NHSTA).
These ratings are likely to result in lower insurance rates from most providers.
|Vehicle Name||Overall Rating||Frontal Crash Rating||Side Crash Rating||Rollover Rating|
|2016 Dodge Challenger 2-Door RWD||5 out of 5 stars||4 out of 5 stars||5 out of 5 stars||4 out of 5 stars|
|2017 Dodge Challenger 2-Door AWD||5 out of 5 stars||4 out of 5 stars||5 out of 5 stars||4 out of 5 stars|
|2018 Dodge Challenger 2-Door AWD||5 out of 5 stars||4 out of 5 stars||5 out of 5 stars||4 out of 5 stars|
If your vehicle comes loaded with standard safety features (air bags and seatbelts) and newer safety features (anti-theft, stability control, side curtain air bags), there’s a good chance you’ll qualify for an insurance discount with most top providers.
The latest Dodge Challenger models come equipped with the following safety features:
- Automatic High Beams
- Parkview®Rear Back-up Camera
- Forward Collision Warning
- Adaptive Cruise Control
- Blind Spot Monitoring
Comprehensive & Collision Coverage
Insurance providers also consider the overall cash value of your vehicle when they calculate your challenger insurance costs.
The value of your vehicle depends on the make, model, year, and condition.
Kelley Blue Book (BBB) maintains an up-to-date database of current values for most vehicles based on ZIP code.
The examples below are derived from vehicles in good condition and located in ZIP code 90055, which is in Los Angeles, California.
The Fair Purchase Price is based on KBB values, while the Out-the-door Target Price is the total you would pay for each vehicle, including extra taxes and fees.
As you can see, the prices vary considerably for the same model. The Challenger comes with several different trim packages, each affecting your monthly premium prices. They are the SXT, GT, R/T, R/T Scat Pack, SRT8 and SRT Hellcat, the latter containing a high powered Hemi engine.
This can cause premiums to differ significantly among Dodge Challenger owners.
|Vehicle Name||Fair Purchase Price||Out-the-door Target Price|
|2016 Dodge Challenger SXT Coupe||$22,145||$24,871|
|2017 Dodge Challenger SXT Coupe||$22,307||$25,049|
|2018 Dodge Challenger SXT Coupe||$23,000||$25,814|
Claims Frequency & Potential to Cause Damage
The price of your Dodge Challenger insurance policy also depends on how frequently claims are filed by other Dodge motorists and the dollar amount of those claims.
The vehicle’s potential to cause damages to other vehicles, property, and passengers in the event of an accident reflects heavily on the rates you pay for insurance.
Most companies rely on data collected by the Information Institute of Highway Safety (IIHS), which rates vehicles in multiple insurance loss categories.
In the IIHS’s 2015 to 2017 report, the Dodge Challenger was rated “Substantially Better than Average” for Property Damage, Bodily Injury or Liability Coverage, and Personal Injury.
It was rated “Average” for Collision and “Substantially Worse than Average” for Comprehensive or full coverage.
The variation in ratings received in this report may affect insurance rates in different ways, depending on how each insurance provider analyzes the information.
Another factor considered is the likelihood of theft.
The National Insurance Crime Bureau (NICB) collects stolen car information from local police agencies, and details theft data in its Hot Wheels Report each year.
Recently, the Dodge Challenger has not appeared in this report, which is a factor that positively influences the rate you pay for insurance.
Getting a Quote: What are the Best Companies for Dodge Challenger Insurance?
Comparing quotes from at least three providers is a necessary step that should be taken when shopping for Dodge Challenger insurance.
It’s also important to compare coverage, discounts, and the financial strength of each company.
When you do speak with a representative to purchase your insurance, make sure to ask the following questions:
- Do you offer a safe driver or accident-free discount?
- Can other family members drive my vehicle under my policy?
- Will I be eligible for further discounts if I pay in full or set up automatic payments?
- Does my coverage continue if I drive outside of the country?
Now that you have a good understanding of how Dodge Challenger insurance rates are calculated, you should feel confident that you can secure the best price and coverage for your vehicle.