Save Money on Dodge Challenger Insurance in Philadelphia

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Insurance for Dodge ChallengerWant a free price quotes on lower-priced Dodge Challenger insurance in Philadelphia? Vehicle owners who just recently started comparing insurance rates on the internet could find buying cheap Challenger insurance is harder than it needs to be.

Inconceivable but true, nearly 70% of consumers have been with the same company for more than four years, and 38% of customers have never even shopped around for cheaper coverage. Many drivers in Philadelphia could save $686 a year by just comparing rate quotes, but they won't spend time to save money by comparing rate quotes.

It's a good habit to shop coverage around every six months due to the fact that insurance prices are variable and change quite frequently. Just because you found the lowest quotes on Dodge Challenger insurance in Philadelphia a year ago you can probably find a lower rate today. There is a lot of wrong information about Challenger insurance out there, but I'm going to show you some proven techniques to find cheap auto insurance in Philadelphia.

Smart Consumers Save Money

Lots of things are part of the calculation when quoting car insurance. Most are fairly basic like your driving record, but some are not quite as obvious like your continuous coverage or how safe your car is.

Small coverages can add up - Policies have extra add-on coverages that may not really be needed if you aren't careful. Insurance for things like rental car reimbursement, high-cost glass coverage, and additional equipment coverage may be wasting your money. The coverages may be enticing at first, but your needs may have changed so eliminate the coverages to reduce your premium.

What are good liability coverage limits? - A critical coverage on your policy, liability insurance will provide protection if ever a jury decides you are liable for damages caused by your negligence. Your policy's liability insurance provides you with a defense in court which can cost a lot. Liability insurance is pretty cheap compared to other policy coverages, so do not skimp.

Experienced drivers pay less - Mature drivers are more responsible, tend to cause fewer accidents, and are generally more financially stable. Drivers with little experience are proven to be inattentive and easily distracted when at the wheel of a vehicle therefore insurance rates are much higher.

The next chart uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Your location is a factor - Living in smaller towns and rural areas of the country can be a good thing if you are looking for the lowest rates. People who live in big cities have traffic congestion and much longer commute distances. Lower population means fewer accidents in addition to fewer liability claims.

Deter theft and pay less - Purchasing a vehicle with an alarm system can save you some money. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart auto theft.

Choose high crash test ratings and save - Safe vehicles can get you lower premiums. These vehicles reduce the chance of injuries and fewer serious injuries means your insurance company pays less and more competitive rates for policyholders. If your Dodge Challenger earned at least four stars on Safercar.gov or an "acceptable" rating on iihs.org you may pay a lower rate.

Having a spouse can lower premiums - Having a wife or husband may cut your premiums on insurance. Having a significant other is viewed as being more stable financially and statistics show married drivers tend to file fewer claims.

Multiple policies with one company can save - Lots of insurers provide lower prices to people who buy several policies from them such as combining an auto and homeowners policy. If you currently are using one company, drivers will still want to comparison shop to help guarantee you have the best rates. It's possible to still save even more than the discount by buying from different companies

Many insurance companies like 21st Century, Allstate and State Farm allow consumers to get coverage price quotes online. Getting online rates for Dodge Challenger insurance in Philadelphia is pretty painless as all you need to do is type in the coverages you want as requested by the quote form. Once entered, the company's rating system sends out for reports for credit and driving violations and provides a quote based on the data you entered.

Using the web to get rate quotes for Dodge Challenger insurance in Philadelphia makes it a lot easier to compare rates and it's absolutely necessary to get many rate quotes if you are searching for the lowest auto insurance rates.

To save time and find out if lower rates are available, consider comparing rates from the companies shown below. If you have your current policy handy, we recommend you replicate the coverage information as close as possible to your current policy. Doing this guarantees you are getting an apples-to-apples comparison for similar coverage.

The providers in the list below provide free quotes in Philadelphia, PA. If several companies are displayed, it's highly recommended you compare several of them in order to find the cheapest rates.

Dodge Challenger insurance rate analysis

The information shown next covers different coverage costs for Dodge Challenger models. Having knowledge of how rate quotes are formulated is important for you to make smart choices when buying a car insurance policy.

Dodge Challenger Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $224 $420 $420 $24 $126 $1,214 $101
Challenger R/T $246 $484 $420 $24 $126 $1,300 $108
Challenger SRT-8 $270 $546 $420 $24 $126 $1,386 $116
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Estimates do not factor in specific garaging location which can revise price quotes significantly.

Policy deductibles

A question often asked by Philadelphia drivers is which deductibles should you choose. The rates below may help to illustrate the rate differences between high and low deductibles. The first pricing table uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.

Dodge Challenger insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $356 $602 $372 $22 $112 $1,489 $124
Challenger R/T $392 $694 $372 $22 $112 $1,617 $135
Challenger SRT-8 $430 $786 $372 $22 $112 $1,747 $146
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Dodge Challenger insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $198 $318 $372 $22 $112 $1,022 $85
Challenger R/T $218 $366 $372 $22 $112 $1,090 $91
Challenger SRT-8 $238 $414 $372 $22 $112 $1,158 $97
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rates do not factor in specific location which can increase or decrease insurance rates considerably.

Based on the above data, using a $100 deductible costs approximately $44 more each month or $528 annually than opting for the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 20 months between claim filings, you would more than likely save some money if you opt for a higher deductible. The numbers below show how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $135
Average monthly premium for $1,000 deductibles (subtract): - $91
Monthly savings from raising deductible: $44
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $44
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more when you do file a claim. That will require some available funds in the event you have to pay the deductible.

How much more does full coverage cost?

The diagram below shows the difference between Dodge Challenger auto insurance costs with full coverage and liability only. The information is based on no violations or claims, $1,000 deductibles, single marital status, and no discounts are applied.

Deciding between full coverage and liability only

There is no set guideline to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's pretend your Dodge Challenger claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after you pay the deductible. If you are paying more than $700 a year for full coverage, then it may be the right time to buy liability only.

There are a few cases where dropping physical damage coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not buy liability only.

Auto insurance in Pennsylvania serves several purposes

Even though Philadelphia Challenger insurance rates can get expensive, buying auto insurance serves a purpose in several ways.

First, just about all states have minimum mandated liability insurance limits which means the state requires a specific level of liability in order to get the vehicle licensed. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you took out a loan on your Dodge Challenger, it's most likely the lender will stipulate that you have physical damage coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the lender may insure your Dodge for a much higher rate and require you to pay for it.

Third, auto insurance preserves not only your car but also your financial assets. It also can pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of having auto insurance more than offset the price you pay, particularly if you ever have a claim. According to a 2015 survey, the average American driver is currently overpaying as much as $855 a year so compare rate quotes once a year at a minimum to save money.

Cheap Philadelphia auto insurance rates with discounts

Some insurance providers don't necessarily list all possible discounts in an easy-to-find place, so we break down both well-publicized and the harder-to-find credits available to you.Save money with discounts

  • Organization Discounts - Being in qualifying employment or professional organizations could qualify you for a break on your next auto insurance statement.
  • Smart Student Discounts - A discount for being a good student can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Multi-Vehicle Discounts - Buying a policy with primary and secondary vehicles on one policy qualifies for this discount.
  • Military Discounts - Being on active deployment in the military could mean lower auto insurance rates.
  • Seat Belts Save more than Lives - Forcing all vehicle occupants to buckle up can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
  • Discounts for Federal Employees - Being employed by or retired from a federal job could qualify for a slight premium decrease with select insurance companies.
  • Telematics Devices - Drivers that enable driving data submission to study where and when they drive by using a telematic data system such as Allstate's Drivewise and State Farm's In-Drive system could see a rate decrease if they show good driving skills.
  • Air Bag Discount - Vehicles equipped with air bags or motorized seat belts may get savings of up to 25% or more.
  • ABS Braking Discount - Cars, trucks, and SUVs that have anti-lock braking systems have fewer accidents so companies give up to a 10% discount.
  • Claim-Free Discount - Good drivers with no accidents can earn big discounts compared to accident-prone drivers.

As a footnote on discounts, many deductions do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So when the math indicates you could get a free auto insurance policy, insurance companies wouldn't stay in business.

The information below illustrates the difference between Dodge Challenger insurance costs with and without discounts applied to the premium. The price estimates are based on a female driver, no violations or accidents, Pennsylvania state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, marriage, safe-driver, and homeowner discounts applied.

The best auto insurance companies and a partial list of their discounts are shown below.

  • State Farm includes discounts for good student, accident-free, safe vehicle, good driver, student away at school, multiple policy, and anti-theft.
  • Progressive has savings for online quote discount, good student, multi-policy, online signing, continuous coverage, and multi-vehicle.
  • Travelers offers discounts including student away at school, driver training, payment discounts, new car, and multi-car.
  • American Family may have discounts that include multi-vehicle, good student, good driver, early bird, and mySafetyValet.
  • Liberty Mutual policyholders can earn discounts including exclusive group savings, newly married, teen driver discount, good student, hybrid vehicle, new vehicle discount, and new move discount.

When quoting, ask each insurance company to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in your area. If you would like to view providers with the best discounts in Pennsylvania, click here to view.

Local insurance agents

Some consumers still prefer to sit down and talk to an agent and doing so can bring peace of mind One of the great benefits of price shopping on the web is the fact that drivers can get cheap car insurance rates and still choose a local agent.

Philadelphia insurance agentsFor easy comparison, once you complete this short form, your information gets sent to agents in your area who will give competitive quotes for your coverage. You never need to search for any insurance agencies since rate quotes are delivered instantly to you. It's the lowest rates and a licensed agent to talk to. If you wish to compare rates from one company in particular, you can always find their quoting web page and give them your coverage information.

Choosing the best insurance company is decision based upon more than just the premium amount. Some important questions to ask are:

  • Which companies can they place coverage with?
  • Do you qualify for any additional discounts?
  • Do they review policy coverages at every renewal?
  • If they are an independent agency in Philadelphia, which companies do they recommend?
  • How long has their agency been open in Philadelphia?
  • Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
  • Is the agent CPCU or CIC certified?
  • Will you work with the agent or an assistant?

Multiple types of auto insurance agents in Philadelphia

If you are wanting to purchase car insurance from a good Philadelphia insurance agent, it's important to understand the types of insurance agents and how they differ in how they can insure your vehicles. Agencies in Philadelphia can either be independent (non-exclusive) or exclusive.

Exclusive Car Insurance Agents

Agents that elect to be exclusive can only write with one company and examples are State Farm or Allstate. Exclusive agencies are unable to give you multiple price quotes so they are skilled at selling on more than just price. They are trained well on what they offer which helps them sell insurance even at higher premiums. Many people buy from the same agent for years partially due to the brand instead of buying on price only.

Shown below is a list of exclusive agents in Philadelphia who can help you get comparison quotes.

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Independent Agents (or Brokers)

Agents that elect to be independent are not limited to a single company so they can write business with any number of different companies and help determine which has the cheapest rates. If they quote lower rates, your policy is moved internally and you don't have to do anything.

If you are trying to find cheaper rates, we recommend you include several independent agencies to have the best price comparison. Many write coverage with companies that do not advertise much that can offer cheaper rates than bigger companies.

Below is a short list of independent agencies in Philadelphia who can help you get comparison quotes.

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You can find cheap coverage

Consumers who switch companies do it for a number of reasons such as poor customer service, questionable increases in premium, denial of a claim or an unsatisfactory settlement offer. No matter why you want to switch, switching companies is pretty simple and you could end up saving a buck or two.

The cheapest Dodge Challenger insurance in Philadelphia is attainable on the web as well as from insurance agents, so you should compare both to have the best chance of lowering rates. A few companies may not provide the ability to get a quote online and many times these regional insurance providers only sell coverage through independent insurance agents.

As you go through the steps to switch your coverage, you should never skimp on coverage in order to save money. There are many occasions where an accident victim reduced liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The goal is to get the best coverage possible for the lowest cost, not the least amount of coverage.

More detailed auto insurance information can be read by following these links: