Dodge Charger Car Insurance Rates for 2022
As a Dodge Charger owner, you have invested quite a bit in your car.
Unless you drive a large number of miles annually, odds are that the second-largest expense related to your vehicle is your car insurance.
It pays to shop different insurance companies and take into account all the coverage options, discounts, and premium car insurance rates each provider offers before choosing your Dodge Charger insurance policy.
How Much Does Dodge Charger Insurance Cost?
The best car insurance companies look at several variables before setting your insurance rates.
Factors such as your driving record and history, your annual mileage, vehicle safety features, and age, all come into play when insurers create risk assessments before assigning car insurance rates.
However, the most critical variable is the make and model of your vehicle.
Are Dodge Chargers Expensive to Insure?
Overall, Dodge Charger insurance is probably a little bit more expensive than other car models.
Just like the Ford Mustang, insurance companies generally rate the muscle-car category as a higher loss risk than ordinary sedans. Despite being a sports car, the Dodge Charger is still a mid-priced vehicle, so you should be able to find an affordable rate.
How To Get The Best Dodge Charger Insurance Rates
We will discuss how vehicle safety ratings, loss reports, MSRP, and overall market value determine your eventual car insurance costs and what steps you can take to reduce your cost of insurance.
Remember that every car model is unique and many factors go into the final determination. To further evaluate the Dodge Charger, let’s take a look at the following:
Dodge Charger Safety Ratings and Damage Threshold
The safer the vehicle, the less eventual chance of an expensive hospital or medical claim.
The National Highway Traffic Safety Administration helps consumers make informed decisions when purchasing cars.
It rates vehicles on overall safety and then further breaks down crash test results into the following categories: frontal safety, side-impact, and rollover potential.
These five-star safety ratings are also used by insurance providers to solidify their risk assessments.
The Dodge Charger performed quite well in all safety tests. This should provide peace of mind to the purchaser and may also result in lower insurance rates.
|Vehicle Name||Overall Rating||Frontal Crash Rating||Side Crash Rating||Rollover Rating|
|2016 Dodge Charger 4DR RWD||5 out of 5 Stars||4 out of 5 Stars||5 out of 5 Stars||5 out of 5 Stars|
|2017 Dodge Charger 4DR AWD||5 out of 5 Stars||4 out of 5 Stars||5 out of 5 Stars||5 out of 5 Stars|
|2018 Dodge Charger 4DR AWD||5 out of 5 Stars||4 out of 5 Stars||5 out of 5 Stars||5 out of 5 Stars|
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Dodge Charger Comprehensive Coverage & Collision Coverage
When insurance carriers look at setting comprehensive and collision coverage rates, they also take into account the market value of the vehicle also known as the MSRP.
In the event of a total loss, the payout after the deductible of an expensive vehicle is higher than a more economical car.
Looking at Kelly Blue Book values for Phoenix, Arizona (85001 ZIP Code), the Dodge Charger is an average cost vehicle unless you purchase a fully loaded model or one with a Hemi V8 engine.
Because Arizona’s sales tax, DMV fees, and document fees are higher than other states, your out-the-door price is higher, thereby impacting your insurance rates.
|Vehicle Name||Fair Purchase Price||Out-the-door Target Price|
|2016 Dodge Charger 4DR RWD||$18,472||$21,501|
|2017 Dodge Charger 4DR AWD||$22,890||$26,415|
|2017 Dodge Charger Daytona 392 4DR RWD||$36,059||$41,059|
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Fortunately, Dodge parts are easy to find which can lower insurance prices compared to a BMW or Mercedes which require offshore parts. As you can see, your Dodge Charger insurance rates can vary drastically, depending upon the trim style and add-on options of your vehicle.
Dodge Charger Claims Frequency & Potential to Cause Damage
Another statistic frequently used by insurance providers is the Insurance Institute for Highway Safety’s Insurance Loss Report.
This study takes into account the frequency of claims for a car class, as well as the dollar amount of those claims, with the average rating as 100.
The Dodge Charger scored poorly across all categories (in the large four-door car division), with ratings that were “substantially worse” and “worse than average.” This may contribute to a higher insurance premium when carriers set rates.
Dodge Charger Insurance Discounts
Thankfully, most insurance companies offer some discount, either for safe driving or safety features. This is where your driving history comes into play.
To take advantage of all the discounts offered by your provider obtain a full list of the safety equipment on your vehicle before setting up your premium.
Look beyond the standard anti-lock brakes and passive restraint systems and see if your car is equipped with items such as rearview cameras and blind-spot warning systems.
These could save you significant money in the long-run through insurance discounts.
Dodge Charger Theft Rate
Fortunately, the Dodge Charger does not appear on the National Insurance Crime Bureau’s list of Top Ten Stolen Vehicles.
Most thieves aim for Toyota or Honda cars, as they are easier to chop and sell.
However, it is still a coveted car and may attract thieves. Insurance companies look at theft potential when insuring a vehicle, so it may pay to purchase an alarm system to reduce Dodge Charger insurance rates, and attempt to offset the possible increase in price.
Factors That Affect Premiums For Dodge Chargers
Auto insurance rates for a Dodge Charger depend a lot on several factors including your driving record, your trim package, and your coverage choices.
- Coverage Options: Comprehensive coverage protects you from vandalism or fires whereas collision coverage protects you in the case of a collision with another car or object. When you get full coverage expect to pay more for insurance coverage.
- Model Year and Trim Package: An SRT Hellcat trim package will increase your premiums because it increases your MSRP as well as risk assessment due to its premium engine. The SXT model has a less powerful engine, lowering the cost of your car insurance.
- Credit Score: Insurers don’t worry whether you’ll pay the bill, but they know your credit score impacts your risk tolerance. Lower credit scores tend to increase auto insurance quotes.
- Location: Insurance costs more in New York and California than it does in Maine or New Hampshire.
- Safety Features: Cars with airbags and antilock brakes help lower your car insurance costs, but look for newer more tech-savvy options such as a backup camera or impact sensors to lower your auto insurance premiums.
What Are The Best Companies For Dodge Charger Insurance?
Before you settle on an insurance company, make sure you’ve done your research and do some comparison shopping to find the best and cheapest car insurance quotes.
Gather at least three quotes and check how your potential carriers have been rated in customer satisfaction and financial strength. Check out well-known companies such as State Farm, Geico, Allstate as well as lesser-known companies to find cheap auto insurance.
Also, make sure to check out discounts offered by asking your provider some of the following questions:
- Do you have multi-policy and multi-vehicle discounts?
- Are there discounts for safe driving courses?
- Can I receive a lower rate for a locked parking facility?
- Are there options for pre-paying, e-bill, or paperless billing that may reduce my final rate?
What To Know About The Dodge Charger
The first Dodge Charger first became available to buyers in 1966, although there was an earlier version which was a show car.
It has appeared throughout the years with a variety of body designs and door styles. Currently, it’s designed as a four-door sedan, but the attitude of a fast-paced muscle car remains.
The Charger is built for owners who enjoy the thrill of driving a high-performance vehicle with a powerful engine.
With greater insight into how insurance companies rate the Dodge Charger, you should be better equipped to find a policy that is the right fit for you regarding coverage and budget.