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 2022 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!
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.
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No doubt, sports cars are more expensive not only in terms of price but also in terms of insurance costs.
Dodge Charger, a popular American sports car, has an average insurance cost of $2,400 per year or $200 monthly.
That's almost 2.5 times the national average.
However, these values are only an average as the real values vary according to different individual factors and companies.
For your convenience, please find more information below.
Year | Average cost per month | Average cost per year |
---|---|---|
2010 | $190 | $2,300 |
2011 | $195 | $2,350 |
2012 | $200 | $2,400 |
2013 | $200 | $2,400 |
2014 | $300 | $3,600 |
2015 | $325 | $3,900 |
2016 | $325 | $3,900 |
2017 | $340 | $4,100 |
2018 | $340 | $4,100 |
2019 | $350 | $4,200 |
2020 | $350 | $4,200 |
2021 | $355 | $4,250 |
2022 | $373 | $4,476 |
As we mentioned above, insurance rates for your Charger are going to differ greatly, depending on a number of different factors.
But if you're looking for an average number: $3,552 per year.
On average, we found that a new Dodge Charger costs $700 more to insure per year than a typical 4-cylinder economy sedan. They're definitely not the cheapest cars to insure . This is likely due to the following factors:
Chargers are typically driven by younger individuals.
Chargers are sports cars that are more likely to be involved in reckless accidents and drivers are more likely to receive tickets for traffic violations.
Dodge Chargers are more expensive than economy cars. The higher the value of the vehicle, the higher the insurance premiums will be.
However, keep in mind that this is merely an average number obtained from a nation-wide study of Dodge Charger drivers. You could pay a lot less if you have a great driving record, you're in your mid-thirties and have a good credit score. You could also pay a lot more if you're under 25, don't have great credit, and have a prior accident on your record.
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 biggest factor that will affect the cost of your Charger insurance policy is the year of the vehicle. For instance, a 2022 or 2021 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.
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)
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.
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.
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.
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 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.
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I just noticed the Geico Mobile app deducts points from their customer if someone tailgates you, it deducts points from the customer. If you driving on a Main Rd, and someone is getting ready to run a stop sign, and you have to stop even though you have the right of way, the Geico Mibile App detects this, like a car was in front of you. So the Mobile App needs some improvements. When I drive. My ex-husband always tells me, I'm too far away from cars, and I need to get closer, Geico Mobile App has detected me, Like I'm close on cars, and a lot of times, I think the app is detected the cars in back of you, are surrounding you. But not necessarily you while you are driving, the app needs to improve in being able to distinguish the difference in your car from what another car behind you is doing. Because I get tailgated a lot when driving, the mobile app detected this as it was my fought.
I have Progressive and was Rear ended by a guy that also had Progressive Insurance His Fault In Minnesota took over 4 months to be contacted for est then they send me a check no explanation of why they didn't cover mechanical repairs caused by accident and decided $60 hr for auto body labor -I charge $120 hr I restore Classic cars - lost my business
I been a loyal customer of Geico for 30 years. On Christmas Day 2021, I was stopping at a red light to make a left turn. I was stopped next to a police car, when an elderly driver approaching from the opposite direction crossed several lanes and hit me head on. It was purely the elderly lady’s fault. A few days later, the Geico adjuster gave my car a cursory look over, and estimated the hangar to be $6500. All body shops were booked until February, so my car was towed to my house so it wouldn’t incur additional storage fees. On the 3rd week following the accident, I contacted the body shop of my choice, who sent a tow truck to pick up my car, at which time the tow truck driver noticed that as a cause of the accident, the driveshaft was pushed into the engine and made a huge hole in the engine. At that point I notified my Geico claims adjuster, who, a couple days later, went down and wrote a supplemental report totaling my car, (this was on a Thursday). He indicated it would take 3days before they would issue a check. I contacted him on The following Monday, when he indicated he should have the check on Wednesday, and would hand deliver it to me. Wednesday came, and after 4 phone calls and a few texts, I never received a check, and he and his boss stopped returning my calls. All other parties, the body shop, storage facility, etc. received payment, I have not! They say they care, and want to provide great service, but the do not live up to their word. I’ve been without a car now for 33 days. I purchased one, but can’t take delivery till I receive the check from Geico. The adjuster has also been aware of this. Geico, our adjuster, and his manager do not appear to have have a sense of urgency. Being loyal customer for 30 years appears to not make a difference. I’m planning on insuring my Vehicles, including my RV with a company who has my back!!!!!
I was a loyal GEICO customer for 15 years, with a pristine unblemished driving history and high coverage levels [and had never filed a previous claim]. I recently had a minor fender bender that was deemed by GEICO Claims to be '100% my fault.' Shortly thereafter, I received a form follow-up letter from GEICO stating that, for that reason, GEICO would not pay for damage repairs to my vehicle. A shocker to me. Does an insurance policy with these terms really represent meaningful protection? Thank G-d that it was a minor accident. I now do business with a carrier that has my back. BUYER BEWARE! It was definitely an eye opener for me. An elderly 86 y.o. male driver, with minimal situational awareness swerves abruptly into my lane, dragging his driver side panel against my front passenger side bumper. No witnesses, other than this unintelligible elderly male driver, his wife and a police officer that showed up on the scene twenty minutes later to record statements. The icing on the cake --- The 'final' verdict was rendered by Claims Adjuster #2, that contacted me several weeks after I was informed by Claims Adjuster #2, that the case was closed, and that the fault was clearly that of the elderly gentleman, and that they would be receiving no claims monies [Again, a complete absence of anything resembling 'no-fault coverage' on either side].
We had Allstate roadside assistance through their SUV insurance coverage and were always delighted by their fair service and treatment.