Cheapest Insurance for a Dodge Challenger in Los Angeles

Insurance quote for Dodge Challenger in Los AngelesNo sane person is fond of buying auto insurance, especially knowing it costs too dang much.

Unimaginable but true, the vast majority of consumers kept buying from the same company for four years or more, and nearly half have never shopped around. The average driver in California could save an average of $469 each year by just comparing rate quotes, but they just assume it’s a time-consuming process to compare other rate quotes. Numerous auto insurance companies battle for your insurance dollar, so it’s not easy to compare every insurer and uncover the absolute lowest rate on Dodge Challenger insurance in Los Angeles.

Best companies for Dodge Challenger insurance

The companies shown below can provide quotes in Los Angeles, CA. If multiple providers are shown, it’s a good idea that you click on several of them to find the most affordable auto insurance rates.

Dodge Challenger insurance coverage information

The information below outlines a range of insurance rates for Dodge Challenger models. Having a good understanding how auto insurance policy rates are calculated is important to be able to make smart choices when buying a policy.

Dodge Challenger Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $348 $546 $500 $30 $150 $1,574 $131
Challenger R/T $384 $630 $500 $30 $150 $1,694 $141
Challenger SRT-8 $420 $712 $500 $30 $150 $1,812 $151
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium costs do not factor in vehicle garaging location which can revise premiums noticeably.

Car insurance deductibles

One of the more difficult decisions when buying car insurance is which comprehensive and collision deductibles to buy. The figures shown below illustrate the differences in premium rates when you choose different physical damage coverage deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second pricing table uses a $1,000 deductible.

Dodge Challenger insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $430 $678 $500 $30 $150 $1,813 $151
Challenger R/T $474 $780 $500 $30 $150 $1,959 $163
Challenger SRT-8 $518 $882 $500 $30 $150 $2,105 $175
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Dodge Challenger insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $266 $426 $500 $30 $150 $1,372 $114
Challenger R/T $292 $490 $500 $30 $150 $1,462 $122
Challenger SRT-8 $320 $556 $500 $30 $150 $1,556 $130
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Estimates do not factor in your specific Los Angeles location which can alter premiums significantly.

Based on this data, using a $250 deductible will cost in the ballpark of $41 more each month or $492 a year than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have more than 18 months between claim filings, you would more than likely save some money by going with a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $163
Average monthly premium for $1,000 deductibles (subtract): – $122
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

An important sidenote is that a higher deductible level results in more money out-of-pocket at claim time. You need some extra savings in the event you have to pay the deductible.

Illustration showing the impact of accidents and violations

The example below illustrates how violations and accident claims influence Dodge Challenger yearly insurance costs for different age groups. Data assumes a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied to the premium.

Cost comparison with and without full coverage

The diagram below illustrates the difference between Dodge Challenger insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

Should you pay for full coverage or liability only?

There is no clear-cut formula that works best for making the decision to drop physical damage coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let’s pretend your Dodge Challenger settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company would pay you is $8,000 after paying your deductible. If you are currently paying more than $800 a year for full coverage, then it may be the right time to buy liability only.

There are a few situations where buying only liability insurance is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Insurance Price Influencing Factors

A large part of saving on insurance is knowing the rating factors that help calculate the price you pay for insurance. If you understand what influences your rates, this empowers consumers to make smart changes that can help you get lower premium levels. Lots of factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like an MVR report, but others are not quite as obvious like where you live or your financial responsibility.

Los Angeles insurance discounts

Companies that sell car insurance don’t always list all possible discounts very well, so the following is a list of both the well known and also the more inconspicuous discounts that may be available.Discount insurance

As a sidenote, some credits don’t apply to the whole policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think you could get a free insurance policy, that’s just not realistic.

The diagram below illustrates the comparison of Dodge Challenger premium costs with and without discounts applied to the policy premium. The premiums assume a male driver, no violations or accidents, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, homeowner, claim-free, and marriage discounts applied.

A list of companies and a partial list of their discounts can be found below.

Before purchasing a policy, check with each insurance company how many discounts you can get. Some discounts may not apply to policies in your state. If you would like to view insurers that offer discounts in California, click this link.

Local Los Angeles insurance agents

Some people just want to have an agent’s advice and doing so can bring peace of mind Good insurance agents are trained to spot inefficiencies and help file insurance claims. An additional benefit of getting online price quotes is the fact that drivers can get the lowest rates and still buy from a local agent. And providing support for local agents is especially important in Los Angeles.

Insurance agency in Los AngelesAfter filling out this form (opens in new window), the coverage information is instantly submitted to agents in your area who will return price quotes for your coverage. You won’t need to do any legwork because quoted prices will be sent immediately to your email address. In the event you want to compare rates from a specific insurance company, just navigate to their website and fill out the quote form the provide.

Finding a good insurer needs to be determined by more than just the price. You should also get answers to these questions.

Upon getting good answers for all questions you ask and an affordable coverage quote, you have narrowed it down to an insurer that is professional and can insure your vehicles.

When in doubt talk to an agent

Always keep in mind that when comparing a policy, there really is not a best way to insure your cars. You are unique.Safe vehicles cost less to insure

These are some specific questions might point out whether you will benefit from professional help.

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and you can get the answers you need.

Affordable auto insurance rates are out there

People change insurance companies for any number of reasons including policy non-renewal, extreme rates for teen drivers, delays in paying claims or poor customer service. Whatever your reason, finding a great new company is not as hard as you think.

The cheapest Dodge Challenger insurance in Los Angeles can be sourced from both online companies and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some auto insurance companies may not have the ability to get quotes online and most of the time these smaller providers work with local independent agents.

When buying insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, someone sacrificed liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your focus should be to get the best coverage possible at the best cost, but do not skimp to save money.

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