How much is insurance for a Dodge Charger?

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One of the many factors that go into determining car insurance rates is the type of car you drive. If you choose a fast and flashy car with a high price tag, expect to pay higher car insurance premiums. On the other hand, a safe and inexpensive car could be less expensive.

Whether you’re purchasing a new car or shopping for your current insurance rates, it’s always a good idea to get more than one quote for a vehicle. This way, you’ll be able to compare multiple insurance companies and their coverage offerings to know if you’re paying a reasonable price.

How much does having a Dodge Charger influence your car insurance rate?

The average cost of car insurance on a national level is $1,738, but to insure a Dodge Charger, the average rate increases to $2,077. Rates for insurance will vary depending on the model year, trim package and value of the car. Your rate could be higher or lower depending on your location, driving history and available discounts.

For example, the market value of the 2020 Dodge Charger SXT is $29,995, but the 2020 Dodge Charger SRT Hellcat Widebody MSRP is $72,095. The bigger engine, greater horsepower and cost to repair are all higher on the Hellcat, which will increase car insurance rates compared to the SXT.

How much is insurance for a Dodge Charger?

The cost of insurance will depend on the year, model and trim option you choose in your Dodge Charger. Below are the average annual rates for minimum liability coverage and full coverage. If the Charger is newer and still has market value or if you have a loan or lease on the car, it’s best to choose full coverage for better protection.

Average annual minimum premium Average annual full coverage premium
$537 $2,077

Each insurance company sets their own rates, so car insurance costs will vary from carrier to carrier. The table below shows rates for different car insurance companies, including liability-only and full coverage. As you can see, some insurance companies offer better rates for the Dodge Charger than others:

Provider Average annual minimum coverage Average annual full coverage
Allstate $640 $2,922
Amica $345 $1,550
American Family $680 $2,227
Auto-Owners $367 $1,559
Chubb $530 $2,677
Farmers $755 $2,225
Geico $382 $1,800
Nationwide $617 $1,706
Progressive $507 $1,788
State Farm $496 $1,752
Travelers $642 $2,099
USAA $355 $1,369

What factors influence your car insurance other than your car?

The type of car you drive is one factor, but it’s not the only one determining the cost of auto insurance. Here are some other considerations insurance companies use to figure out your premiums:

  • Age
  • Credit score (in some states)
  • Coverage limits
  • Discount eligibility
  • Gender
  • Household driving record
  • How far you commute to work or school
  • How many miles you drive in a year
  • Location
  • Marital status
  • Other vehicles in the household

Because there are many other factors, you might get higher or lower rates than average that may surprise you if you were just expecting your rate to depend on your vehicle.

How can you save money on Dodge Charger car insurance?

Though insurance can be pricey on a Dodge Charger, there are some ways you can offset the higher cost of owning this type of vehicle. Here are a few ways to save on your car insurance:

  • Bundle and stack discounts: The biggest discounts offered by insurance companies are the multi-policy and multi-car discount. Insuring your home or renters plus autos in the household with the same company could equal big savings.
  • Consider liability only: If you have an older car, you might be able to drop full coverage and get savings with liability only. The Insurance Information Institute recommends coinciding this option if your car’s value is less than 10 times the cost of insurance.
  • Increase your deductible: If you have comprehensive and collision coverage, increasing the deductible can save you on premium each month. But, make sure you can afford to pay the deductible if you need to use the coverage.
  • Pay attention to mileage: If you drive less than the national average of 13,500 miles per year, you might be able to get a reduced rate for being on the road less. The same is true depending on how far your commute is to work or school.
  • Shop before you buy: Before you commit to a car, get quotes from different carriers with the same coverages to compare for the best rate. This can also help you decide if you can afford to buy the car.

FAQ

Why is insurance more for a Dodge Charger?

Cars with higher book value, bigger engines and more horsepower like the Dodge Charger will command higher insurance premiums. This is due to a higher risk of accidents plus the increased cost of repairs if the vehicle is damaged.

Why do some cars cost more to insure than others?

Insurance companies base their individual car premiums on risk. If a car is more likely to be stolen, will cost more to repair when involved in an accident or doesn’t have many safety features, it will cost more to insure than other vehicles.

Is a Dodge Charger a sports car on insurance?

Each insurance company has a different definition of a sports car. Factors used to determine if your car is a sports car include if it’s a two door or four door, what the engine size is, if it’s turbo charged and what the height and weight are. Ask your insurance company if your Dodge Charger qualifies.

Are Dodge Chargers expensive to maintain?

Costs to maintain a car like the Dodge Charger vary by location, how you drive the car and how many miles you drive it each year. Depreciation, fuel costs, repairs, maintenance, taxes and fees will all be different for each person. The model and trim package you choose for your Dodge Charger will also make a difference.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 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 coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2020 Quadrant Information Services data.