More expensive cars usually mean getting much higher insurance rates. However, no matter how expensive the insurance might get, it is still better to have one than not have any. The reason behind this is quite simple. Being involved in any type of car accident, whether a more or less serious one, you are going to be certain that the insurance company is going to take care of everything. Every car is different and unique; thus, their insurance rates are different too. In this article, we are going to take a closer look at the Dodge Challenger insurance rates and how much are they going to cost you.
If you are shopping for Dodge Challenger insurance, you must be aware of several other things. First of all, you need to know that the number of insurance companies is huge and this is good for you. Your initial step is conducting thorough research and asking for quotes from all the insurance companies. You are always going to find an offer that is cheaper than the rest. However, the cheapest offer does not always mean it is the best one. Other insurance companies may offer more expensive quotes for your Dodge Challenger insurance rates but include better benefits.
Next, you need to know that there are several factors that will affect the price of your insurance rate. For example, age is one of the most important factors and research has shown that more experienced drivers get way lower insurance rates. This means that if you are a driver in your twenties, you should expect higher rates compared to other drivers. Another important factor is your driving record. Insurance companies take notice of drivers who have a clean driving record without any fines. The reason is quite simple; fewer accidents means lower insurance rates.
The Dodge Challenger has been around since the 70s and is one of the most iconic cars ever made. These high-performance cars usually have higher insurance rates compared to daily drives but this is not something unexpected. They are faster, more powerful, and drivers push them to the limits. For example, the average insurance rate for a Dodge Challenger is around $1,650, which means you will have a monthly rate of around $140. Of course, the price for newer models is going to be significantly higher compared to older models. However, for most Challengers, this is going to be the average rate.
Let us break down the price into specific sections. The comprehensive coverage is going to cost around $300, whereas the collisions coverage costs around $500. The liability coverage is also going to cost around $500. This is the average price for a 2020 Dodge Challenger. As mentioned, for older vehicles you should expect lower insurance rates. For a 2011 Dodge Challenger, the average insurance rate is going to cost around $1400, which is significantly lower. This article explained and exemplified everything you need to know about the Dodge Challenger insurance rates, so you can now choose the one you really need.