The national average cost of car insurance for full coverage is $1,674 per year, or $140 monthly, according to Bankrate’s 2021 study of quoted annual premiums. Car insurance for Dodge Challengers tends to be higher than the national average, with premiums averaging $2,074 per year for full coverage. There are a number of contributing factors to the higher costs, including the cost of replacement parts. If you are considering purchasing a Dodge Challenger, you may find it helpful to review the insurance costs up front and compare rates among multiple providers so you can find the insurance provider offering the best options for this model.
Models included in this review:
- Dodge Challenger
How much does it cost to insure a Dodge Challenger?
The average cost of car insurance is $1,674 per year, or $140 monthly, for full coverage, and $565 per year for minimum coverage. Rates on auto insurance for a Dodge Challenger are generally higher than average, which could be due to several reasons, including:
- Crash rate stats: The Dodge Challenger has faced challenges with safety ratings. For example, the National Highway Traffic Safety Administration (NHTSA) reports the 2020 model has one safety recall, one investigation and eight complaints. This could contribute to higher premiums based on higher risk with this model.
- Price of parts: Dodge Challengers are built in North America, but not all parts may be domestic. Replacement cost is typically higher if parts come from overseas, which impacts insurance premiums.
- Safety features: The Dodge Challenger includes multiple standard safety features, including backup cameras, automatic high-beam headlights and adaptive cruise control. There are many safety feature add-ons available too, including traction control.
Car insurance for a Dodge Challenger
Car insurance rates are based on numerous factors, including where you live, your driving record, the make and model of your vehicle, its age and the number of miles you drive each year. Other factors may also contribute, such as your credit score, age and gender, depending on your state’s regulations. While Dodge Challenger insurance averages $2,074 per year for full coverage and $535 annually for minimum coverage, your rates could be more or less depending on your personal factors.
The specific model and trim package you choose will influence insurance costs. Additionally, if you finance your Dodge Challenger, the lender will most likely require you to add comprehensive and collision coverage to the policy.
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Cheapest car insurance companies for Dodge Challengers
Bankrate’s insurance editorial team analyzed premiums for Dodge Challengers from some of the largest carriers by market share: Amica, Erie, Geico, State Farm and USAA. These five providers are also some of the best car insurance companies on the market.
The table below illustrates how much rates can vary from one provider to another. In this case, USAA and Amica offered the lowest average premiums for full coverage, but your rates could be higher or lower depending on personal circumstances.
Average annual premium for full coverage by model
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Dodge Challenger features that impact insurance costs
Enhanced safety features can help decrease insurance premiums and today’s Dodge Challenger owners have more safety equipment to choose from. Common safety features such as airbags and backup cameras now come standard rather than at an additional charge. The Dodge Challenger has other safety features available, which could lead to lower premiums.
- Blind spot monitoring: This system alerts the driver if there is another vehicle or object in the blind spot, either on the side or behind the car.
- Collision warning: The full-speed collision warning system offers both a verbal and visual warning if your car is too close to the vehicle in front of you.
- Electronic stability control: This safety feature helps a driver maintain control and keep steering on course.
Other car insurance coverage for a Dodge Challengers
Minimum coverage may be tempting when purchasing car insurance for a Dodge Challenger because it is typically the least expensive option. However, since minimum coverage does not provide any financial protection against damage to your own vehicle or medical expenses, it helps to purchase additional coverage.
Full coverage not only provides liability protection in case of an at-fault accident, but it includes comprehensive and collision coverage. These cover repair or replacement if your vehicle is damaged from an accident or covered event out of your control. Other ways to build out a policy beyond collision and comprehensive can include adding roadside assistance or rental car reimbursement, which pays to cover a rental car for you while your vehicle is being repaired due to a comprehensive or collision claim.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Dodge Challenger commutes five days a week and drive 12,000 miles annually:
These are sample rates and should only be used for comparative purposes.