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Dodge Chargers have been appealing to drivers since its first 1996 model, and these iconic cars have many fans. Finding the best Dodge car insurance for them can take some work, but fortunately, Bankrate has done much of that work for you so that you can make an informed choice when it comes time to purchase your own policy. The average cost of car insurance for a Dodge Charger is $2,077 per year for full coverage, although your own rate may differ based on factors such as your driving history and the age of the car.
Models included in this review:
- Dodge Charger
How much does it cost to insure a Dodge?
The 2021 average cost of car insurance in the U.S. is $1,674 for full coverage, according to data from Quadrant Information Services, which is significantly less than the Charger’s annual average of $2,077.
Multiple factors go into determining your auto insurance rate. Some are related to you, the car owner: your driving history, your insurance history, your age (in most states). Others are related to the car: its age, make and model, and more, including the following:
- Crash rate stats: The Insurance Institute for Highway Safety (IIHS), which assesses the safety of cars in the U.S., gives the Dodge Charger a “good” rating — the highest possible — in most areas. However, the Charger earned low marks for its headlights, which provided inadequate visibility in their tests. The Charger’s configuration for a child seat received a “marginal” rating due to its deep placement in the seat and the force needed to attach it. These ratings will figure into your premium rate, as they impact safety.
- Price of parts: A car that can be fixed without the use of imported parts often has cheaper repair costs than a car that needs expensive foreign parts. The Dodge Charger is made in Canada and most of its components are North American made, meaning that your premium cost shouldn’t reflect a higher price due to expensive parts.
- Safety features: A car with excellent safety features is less likely to be in many accidents. 2021 Dodge Chargers earned a high five-star overall safety rating from the National Highway Traffic Safety Administration (NHTSA), due to features such as optional forward collision and lane departure warnings, as well as a blind spot monitoring system and advanced brake assist.
Car insurance for a Dodge Charger
As noted above, multiple factors go into determining what you will pay for your Dodge Charger car insurance. In most states, you are required to carry minimum liability coverage. You can, however, opt for more robust coverage from most providers by adding on collision and comprehensive coverage, which pays for damage to your car in an accident, as well as medical costs.
One factor to consider is your car’s age. An older car, for example, may not need collision and comprehensive since the premium would likely exceed the cost to repair or replace it.
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Cheapest car insurance companies for a Dodge Charger
Although individual rates will vary from averages due to personal characteristics, inexpensive policies for Dodge Chargers can generally be found from Amica, Erie, Geico, State Farm and USAA. Each of these insurers are among the best car insurance companies, as determined by Bankrate’s team of insurance experts’ analysis and data gathered from Quadrant Information Services.
Average annual premium for full coverage by model
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How can you save money on Dodge Charger car insurance?
Though insurance can be expensive for a Dodge Charger, you may be able to lower your premium with the following tips:
- Bundle and stack discounts: Often, the most significant discounts offered by insurance companies are multi-policy and multi-car discounts. Bundling your home and auto insurance with the same company could also equate to high savings. Adding some of the best car insurance discounts — such as deals for maintaining a clean driving record or for being a member of a certain professional group — may also help you save.
- Consider liability only: If you need to insure an older car, you might be able to drop full coverage and save by having liability-only insurance. You could consider 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 money on premiums. However, before you increase your deductible, make sure you can afford the out-of-pocket if you need to make a claim.
- Shop before you buy: Before you commit to a car, you may want to get car insurance quotes from different carriers for the same coverage types and levels to compare for the best rate. Analyzing your insurance quotes can also help you decide if you can afford to buy the car.
- Keep your grades up: As a younger driver, average rates for auto insurance are higher due to younger drivers being considered a higher risk for accidents. However, if you’re a student, you may earn a discount on your premium costs if you keep your grades up. Usually, a “B” or better average will earn a discount.
- Maintain a good driving record: Your insurance premium usually increases if you make a claim on your policy, so it pays to have a clean driving record. If you’re a good driver, you can save on premiums with some insurers by installing a telematics device or app that transmits data to your insurer on your driving skills. The safer you drive, the better a discount you will typically receive.
Dodge Charger features that impact insurance costs
Dodge Chargers are considered “muscle cars” — cars that deliver more in the way of power and performance than an average vehicle. That, along with other factors common to the Chargers, may impact insurance costs.
- V-8 engine: The high-performance engine that is available for Dodge Chargers may indicate to your insurer that you’re likely to go faster and engage in risky behaviors while driving, which could increase your premium.
- On demand all-wheel drive: Charger SXT and GT models feature the ability to switch to all wheel drive when the weather demands it. This safety feature may save you money by lowering your risk of winter accidents.
- Blind spot monitoring system: Your Charger sends an alert when a car enters your blind spot, helping you avoid side-impact accidents.
- Rear back-up camera: This feature can help you avoid fender benders and parking lot accidents, lowering your risk.
- Airbags: Front, side-curtain and pelvic-thoracic airbags, along with front head restraints, make it less likely that you and your passengers will sustain serious injuries in an accident. The increased safety may lead your insurer to offer better rates.
Other car insurance coverage for a Dodge Charger
Although most states mandate that you carry liability coverage, there are other optional types of insurance that can provide you with more financial protection in the event of an accident. The most common are collision and comprehensive. While liability protects the other driver and car in an accident, these two types of insurance cover your car and passengers following an accident or other causes of loss, such as vandalism or theft, regardless of fault.
Other types of insurance worth considering are uninsured and underinsured motorist coverage, which covers you if you’re involved in an accident with a driver who has no insurance, or not enough insurance to cover costs.
If you have a new car, you may also want to consider new car replacement insurance, which ensures that you’d have enough in your claim payout to purchase a replacement vehicle if you’re in an accident. A similar option is gap insurance, which pays the difference between what your totaled new car is worth and what you owe on your car loan.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. 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 Charger, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.