Dodge Charger Insurance: Insuring American Muscle

One of the most important things that many car shoppers fail to account for is how much their insurance is going to cost them. They're happy to take the brand new 2021 Dodge Charger SRT out for a test-drive, set aside thousands of dollars for a down payment, and rationalize a way to make their monthly payments on time...

...but they forget how much Dodge Charger insurance is going to cost them. Insuring a brand-new Dodge Charger isn't as cheap as insuring the old beater Honda that you used to drive. It's likely going to cost double or even triple of what you would pay for an older, used vehicle.

However, as the saying goes, "You only live once." So, if it makes you happy, then why not?

Your Dodge Charger insurance cost is going to depend on a lot of different factors. Auto insurance rates typically differ based on the model of your vehicle, your driving record, credit score, years of experience behind the wheel, and whether or not other drivers are going to be sharing your policy as well.

In today's article, we're going to discuss how to insure a Dodge Charger so that you can be road-legal and enjoy the awesomeness of American muscle!

What is Dodge Charger Auto Insurance?

If you didn't already know, it's legally required in all 50 states for car owners to purchase auto insurance policies for their cars. While most states only require a limited amount of auto insurance, some states require you to purchase a policy that covers higher amounts of damage coverage.

The most expensive cities and states are areas where there is a higher percentage of vehicular accidents (such as Miami, Florida, or Las Angeles, California), while the cheaper cities tend to be smaller towns and states where there isn't a high percentage of car accidents.

Most states require basic liability insurance, which includes a small amount of property damage coverage and bodily injury liability coverage. These cover the other driver's vehicle repair and medical costs should you be found to be "at-fault" in an accident. Basically, it saves you from getting sued should the worst-case scenario occur.

Factors That Affect Your Dodge Charger Insurance Rates

So, all of that being said, you're probably wondering about some of the different factors that affect your car insurance rates for this popular American sports car.

The Year of Your Dodge Charger

The biggest factor that will affect the cost of your Charger insurance policy is the year of the vehicle. For instance, a 2020 or 2019 Dodge Charger is going to be a lot more expensive to insure than a 2016 or 2017 Dodge Charger. This is because most new cars lose up to 10% as soon as you drive them off of the lot!

If you own a historic or classic model, these can also be expensive to insure since they have a far higher value that depends on their restoration’s depth.

The Trim Model of the Dodge Charger

In general, the smaller your engine is, the less you'll pay for insurance costs. Below, the most common Dodge Charger trim packages are listed in order from least expensive to insure to most expensive to insure:

• SXT/GT (Cheaper insurance costs)

• R/T or Dodge Charger Daytona (Average insurance costs)

• Scatpack or SRT Hellcat Package (Highest insurance costs)

The Color of Your Dodge Charger

If your new charger has a basic silver, white, or black paint color, then you'll usually pay a little bit less than somebody who has a bright red, blue, or green paint color. This is because bright-colored cars are statistically likely to be in more accidents and commit more traffic violations.

How Many Miles You Drive Your Charger

Insurance companies like State Farm (and most other insurers) charge car owners more if they plan on driving their car over 12,000 miles per year (the national average). If you drive less than this, however, you might stand to save a bit of money on your insurance quotes.

Your Driving Record

If you have a clean driving record (no recent accidents, tickets, or tax liens), then you'll get a better insurance rate. However, if you have been in past accidents or have had points added to your license from tickets, then you'll pay more.

Your Age

Drivers under 25-years-old are, by far, the most expensive to insure. Once you hit age 35, though, you'll see a considerable drop in your monthly premium costs. Senior drivers (65 or older) have the best eligibility for cheap insurance.

Your Credit Score

Your credit score also affects your premium costs per month. If you have a low credit score, you're more likely to miss a payment or have your insurance lapse, costing the insurer more time and money to get your account up to date.