Car insurance for Dodge Chargers in 2021

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Dodge Chargers are not the most expensive car to insure, but by comparison, they will likely cost you more than the national average for a Toyota Camry. When car insurance companies price policies, one of the most important factors that can influence rates is the make and model of vehicle you drive. A powerful car like a Dodge Charger has a higher price tag than a standard economy car, like the Toyota Camry, and can easily carry higher car insurance premiums accordingly.

The average cost of full coverage car insurance for Dodge Charger is $2,077 per year, based on Bankrate’s review of quoted average premiums from Quadrant Information Services. Whether you are purchasing a new car or shopping for insurance for your current Dodge Charger, experts recommend you get more than one quote from insurers. This way, you will be able to compare multiple insurance companies rates and coverage offerings to find a policy that best suits your needs.

How much is insurance for a Dodge Charger?

The cost of insurance for a Dodge Charger will depend largely on the year, model and trim option you choose. Below are the national 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, you may be recommended the better financial protection that full coverage auto insurance provides.

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

Each insurance company sets their own rates, so car insurance costs and coverage options can vary widely by insurer. The table below shows how rates for different car insurance companies may compare, including liability-only and full coverage.

Provider Average annual minimum liability coverage premium Average annual full coverage premium
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

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

The average cost of full coverage car insurance on a national level is $1,674 annually, 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.

What factors influence your car insurance other than your car?

The type of car you drive is one factor, but it is 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
  • Annual mileage
  • 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.

Frequently asked questions

Why do some cars cost more to insure than others?

Insurance companies typically associate vehicle make and model with a level of risk. If a car is more likely to be stolen, will cost more to repair when involved in an accident or does not have many safety features, it could cost more to insure than other vehicles that are less likely to present significant risk.

Is a Dodge Charger a sports car on insurance?

Each insurance company has a different definition of a sports car. Factors that may be used to determine if your car is a sports car include if it is a two-door or four-door, the engine size, if it is turbo charged and the height and weight. Your insurance company can help provide guidance on the exact specifications regarding sports cars and your Dodge Charger insurance.

Are Dodge Chargers expensive to maintain?

Costs to maintain a car like the Dodge Charger can vary by factors such as your location, how you drive and how many miles you drive each year. Depreciation, fuel costs, repairs, maintenance, taxes and fees can all be different for each person. Another item of consideration is the model and trim package you choose for your Dodge Charger, which can also make a difference on the cost to purchase and to insure.

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 2019 Dodge Charger, 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.

Written by
Mandy Sleight
Insurance Contributor
Mandy Sleight has been a licensed insurance agent since 2005. She has three years of experience writing for insurance websites such as Bankrate.com, MoneyGeek and The Simple Dollar. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products.
Edited by
Insurance Editor