Cheapest Insurance for a Dodge Challenger in Los Angeles

No 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.

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.

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.

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.

• Women tend to cost less – The statistics show females are less aggressive when driving. It does not mean men are WORSE drivers than women. Women and men have accidents at a similar rate, but the men tend to have higher claims. They also receive more costly citations like DUI and reckless driving. Male teenagers are most likely to cause an accident and therefore pay the highest rates.

  The chart below illustrates the comparison of Dodge Challenger insurance costs for male and female drivers. Data assumes no claims or violations, full coverage, $250 deductibles, marital status is single, and no other discounts are factored in.

• Save by driving less – The higher the mileage driven annually the more it will cost to insure it. Many insurance companies charge to insure your cars partially by how you use the vehicle. Vehicles that have low annual miles receive better premium rates than vehicles that are driven to work every day. It’s a smart idea to ensure your vehicle rating is rated on annual mileage, because improper ratings can cost you money. An incorrectly rated Challenger may be costing you higher rates.
• Maintain insurance coverage – Driving with no insurance can get your license suspended and you will pay a penalty because you let your coverage have a gap. In addition to paying higher premiums, getting caught without coverage might get you fines or a revoked license. You will then be forced to provide proof of insurance in the form of an SR-22 filing with the California motor vehicle department to get your license reinstated.
• Premiums are affected by your address – Living in areas with lower population can save you money if you are looking for the lowest rates. Fewer drivers and short commutes means less chance of accidents and lower theft and vandalism rates. People in densely populated areas regularly have more road rage incidents and much longer commute distances. More time on the road means a statistically higher chance of an accident.
• Claim-free discounts can add up – Auto insurance companies in California award lower rates to people who do not file claims often. If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Insurance coverage is intended for larger claims.
• Theft deterrents systems cut insurance rates – Choosing a vehicle that has an advanced theft prevention system can earn a premium discount. Advanced theft deterrents such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart vehicle theft.

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.

• Employee of Federal Government – Federal government employees could qualify for a slight premium decrease depending on your company.
• Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class if it’s offered in school.
• No Accidents – Los Angeles drivers who stay claim-free pay much less in comparison with drivers with a long claim history.
• Own a Home and Save – Simply owning a home can help you save on insurance due to the fact that maintaining a home requires personal responsibility.
• Safe Drivers – Drivers who don’t get into accidents could pay up to 40% less than their less cautious counterparts.
• Good Students Pay Less – Getting good grades can earn a discount of 20% or more. The good student discount can last until age 25.
• Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can receive discounts of 20 to 30 percent.
• Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
• Telematics Data Discounts – Policyholders that allow their company to analyze vehicle usage through the use of a telematics system such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction as long as the data is positive.

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.

• American Family discounts include good driver, bundled insurance, defensive driver, TimeAway discount, good student, multi-vehicle, and early bird.
• State Farm offers premium reductions for Drive Safe & Save, driver’s education, multiple policy, defensive driving training, safe vehicle, and passive restraint.
• 21st Century may offer discounts for theft prevention, automatic seat belts, driver training, student driver, homeowners, and defensive driver.
• Travelers may have discounts that include new car, home ownership, payment discounts, driver training, and continuous insurance.
• GEICO has discounts for membership and employees, good student, anti-lock brakes, multi-vehicle, military active duty, anti-theft, and multi-policy.

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.

After 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.

• What company do they have the most business with?
• Do they have a Better Business Bureau rating in Los Angeles?
• Which companies do they recommend if they are an independent agency?
• Are they primarily personal or commercial lines agents in Los Angeles?
• Is there a 24/7 contact number?
• Is the coverage adequate for your vehicle?
• Do you have coverage for a rental car if your vehicle is in the repair shop?

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.

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

• How much underlying liability do I need for an umbrella policy?
• What discounts do I qualify for?
• What if I owe more than I can insure my car for?
• Does my insurance cover my expensive audio equipment?
• Should I buy only the required California minimum liability coverage?
• What is covered by UM/UIM coverage?

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.

To read more, feel free to browse the articles below:

• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• Who Has Affordable Car Insurance Rates for Drivers Under 25 in Los Angeles? (FAQ)
• Who Has the Cheapest Car Insurance for High School Students in Los Angeles? (FAQ)
• What Does No-Fault Insurance Cover? (Allstate)
• Shopping for a Safe Car (Insurance Information Institute)
• All About Airbag Safety (State Farm)
• Winter Driving (Insurance Information Institute)