Car insurance for Dodge Challengers in 2021
The average cost of full coverage car insurance for Dodge Challenger is $2,074 per year, based on Bankrate’s review of quoted average premiums from Quadrant Information Services. If you are curious how this compares to other models, the 2019 Toyota Camry averages $1,674 per year for the same full coverage.
While the Dodge Challenger insurance cost may be above the national average, the good news is there are several ways drivers can save on their policy premiums. Methods like comparing rates among auto insurance providers and taking advantage of as many discounts as possible are a few examples of how you can lower the Dodge Challenger insurance rates.
How much is insurance for a Dodge Challenger?
The cost of auto insurance for a Dodge Challenger varies depending on the year, model and trim options of the vehicle. Not only does the model influence how much you pay, but if you lease or finance a vehicle, then you could be required to purchase a full coverage policy. Most lenders require the comprehensive and collision coverage a full policy provides. Lenders may also require gap insurance, which covers the gap between how much you owe on your loan versus the depreciated value of the Dodge Challenger if it were totaled in an accident.
|Average annual minimum liability premium||Average annual full coverage premium|
Another factor that makes a difference in how much Dodge Challenger insurance costs is the auto insurer you choose. Each car insurance company assigns its own risk profile to each driver and vehicle. Because of this, premiums can vary greatly from one insurance provider to another, even though the inputs are the same.
|Insurance company||Average annual minimum liability premium||Average annual full coverage premium|
How much does having a Dodge Challenger influence your car insurance rate?
Your choice of vehicle has an impact on the amount you pay for car insurance. For example, a minivan will most likely be less expensive to insure versus a luxury sports car. Crash data, safety features and replacement parts are just a few examples of factors auto insurers use to help determine premiums.
Currently, the 2021 Dodge Challenger earns good to average scores for safety and crashworthiness, according to the IIHS safety ratings.
What factors influence your car insurance other than your vehicle?
While the vehicle you are insuring is a major factor in how much you will pay for auto insurance, you may be surprised at the other factors that determine your rates. Not every state uses every variable listed below, but many do. For example, credit-based insurance scores are used in nearly every state except California, Hawaii, Massachusetts, Michigan and Washington.
- Marital status
- ZIP code
- Driving record
- Miles driven per year
- Credit score
- Prior insurance coverage
- Coverage selections
How can you save money on Dodge Challenger car insurance?
If you are trying to save money on Dodge Challenger insurance rates, there are several tactics you can use for maximum savings.
- Compare multiple carriers. Comparing rates and coverage options of multiple auto insurers is a great way to see which one is offering the lowest rates for the coverage options you need.
- Take advantage of discounts. You should periodically check to see which discounts you qualify with your current carrier or compare the discounts offered by other carriers. Discounts are an easy way to save on premiums and almost all carriers offer them.
- Practice safe habits behind the wheel. Your driving history is a big factor in how much insurance providers charge to insure you. By keeping your driving record clean, it has a positive impact on the rates.
- Raise your deductibles. When you agree to pay more for out-of-pocket costs with claims, the result is a less expensive premium. Just keep in mind that a higher deductible means you would be responsible for more money out of pocket to cover your vehicle’s repairs.
- Improve your credit score. Insurance providers use your credit score to determine how much to charge for premiums in most states. When your credit score is higher, it increases your chances of lower premiums.
Frequently asked questions
Is a Dodge Challenger expensive to insure?
The Dodge Challenger is about 24% more expensive than the national average. The Dodge Challenger costs $2,077 per year for a full coverage car insurance policy, compared to the $1,674 per year national average, based on Bankrate’s assessment of quoted annual premiums from Quadrant Information Services.
What is the best auto insurance provider for the Dodge Challenger?
The best auto insurance provider for the Dodge Challenger depends on factors like your driving needs, personal preferences, coverage selections and vehicle usage. Of the many carriers reviewed, Amica, USAA and State Farm generally provided the lowest rates for minimum coverage auto insurance for a Dodge Challenger; however, you may need higher coverage limits than what the minimum provides.
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, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.