How to Compare El Paso Dodge Charger Insurance

The easiest way to find low-cost Dodge Charger insurance is to compare prices at least once a year from companies who sell auto insurance in El Paso.

• First, take a little time to learn about the different coverages in a policy and the things you can change to keep rates down. Many rating criteria that cause high rates such as accidents, careless driving, and a poor credit rating can be remedied by making minor driving habit or lifestyle changes. Keep reading for more details to help keep rates affordable and find additional discounts.
• Second, compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like Progressive or State Farm, while independent agencies can provide rate quotes for a wide range of companies. Compare rates now
• Third, compare the price quotes to your current policy premium and see if there is a cheaper rate. If you find a lower rate and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.

The key thing to know about shopping around is that you’ll want to compare the same physical damage deductibles and liability limits on every quote request and and to get quotes from every company you can. This enables the most accurate price comparison and a thorough price selection.

It’s a fact that auto insurance companies want to keep you from shopping around. Insureds who get comparison quotes once a year will, in all likelihood, switch insurance companies because they have a good chance of finding a more affordable policy premium. A study showed that consumers who compared rates once a year saved an average of $865 annually compared to drivers who didn’t regularly shop around.

If finding the most affordable Dodge Charger insurance is why you’re here, knowing how to compare car insurance can help simplify the process.

If you already have coverage, you will be able to lower your rates using the tips covered below. This article’s goal is to introduce you to the most effective way to quote insurance and how you can save the most money. Nevertheless, Texas consumers do need to know how companies market on the web because rates are impacted by many factors.

When quoting car insurance, remember that comparing more rates from different companies helps you find the best price. Some regional insurers cannot provide online rate quotes, so you should also compare prices from the smaller companies as well.

The companies shown below provide comparison quotes in El Paso, TX. If multiple companies are listed, we suggest you visit several of them in order to find the most competitive rates.

Discounts for affordable insurance rates

Some companies don’t necessarily list every possible discount very well, so here is a list some of the more common and also the lesser-known credits available to lower your premiums when you buy El Paso car insurance online. If you do not check that you are getting every discount available, you’re just leaving money on the table.

• Accident-Free Discounts – Good drivers with no accidents pay less compared to frequent claim filers.
• Drive Less and Save – Driving fewer miles can qualify you for slightly better rates than normal.
• Club Memberships – Belonging to a civic or occupational organization in El Paso could trigger savings on your policy.
• Discounts for Safe Drivers – Drivers who avoid accidents may save up to 50% more than drivers with accident claims.
• Early Switch Discount – A few larger companies give discounts for switching to them prior to the expiration date on your current Charger insurance policy. This discount can save up to 10%.
• Government Employee Discount – Federal government employees could provide a small rate reduction with a few insurance companies.
• Good Grades Discount – This discount can save 20 to 25%. This discount can apply up to age 25.

A little note about advertised discounts, most credits do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like you could get a free insurance policy, that’s just not realistic.

The illustration below illustrates the comparison of Dodge Charger insurance costs with and without discounts. The price estimates are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, claim-free, marriage, and multi-policy discounts applied.

A list of insurance companies and a selection of discounts are:

• State Farm policyholders can earn discounts including defensive driving training, driver’s education, Drive Safe & Save, student away at school, and Steer Clear safe driver discount.
• GEICO discounts include multi-policy, multi-vehicle, military active duty, daytime running lights, driver training, emergency military deployment, and seat belt use.
• Liberty Mutual has savings for multi-car, good student, teen driver discount, preferred payment discount, and new graduate.
• The Hartford offers discounts including air bag, anti-theft, defensive driver, good student, driver training, vehicle fuel type, and bundle.
• MetLife includes discounts for claim-free, defensive driver, good student, multi-policy, accident-free, good driver
• Progressive may have discounts that include online quote discount, online signing, multi-policy, multi-vehicle, and continuous coverage.

It’s a good idea to ask all companies you are considering how many discounts you can get. Some of the earlier mentioned discounts might not apply in El Paso.

Analysis of coverages

The rate information shown below highlights different insurance costs for Dodge Charger models. Learning how prices are determined can assist in making informed decisions.

Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can decrease or increase insurance rates significantly.

Policy deductibles

One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The rates below can help show how much more you’ll pay between high and low physical damage coverage deductibles. The first data table uses a $100 deductible for physical damage and the second rate table uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Price estimates do not factor in garaging location in El Paso which can change premium rates considerably.

We can estimate from the data above that using a $100 deductible could cost the average driver approximately $31 more each month or $372 for a full year than requesting the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to go at least 13 months between claims, you would probably be better off if you opt for a higher deductible.

The information below shows how choosing a deductible and can raise or lower Dodge Charger insurance costs for different age groups. The data assumes a single female driver, full coverage, and no discounts are applied.

Driving violations and accidents

The chart below illustrates how speeding tickets and accidents can affect Dodge Charger insurance costs for different ages of insureds. The information is based on a single female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Dodge Charger insurance costs by gender and age in El Paso

The information below shows the comparison of Dodge Charger insurance rates for male and female drivers. The rate quotes are based on no claims or violations, full coverage, $100 deductibles, marital status is single, and no discounts are applied.

Full coverage rates compared to liability-only

The information below shows the comparison of Dodge Charger car insurance rates with full physical damage coverage compared to only buying liability only. The premiums are based on no violations or claims, $250 deductibles, single status, and no additional discounts are factored in.

When to drop full coverage

There isn’t a written rule for phasing out physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

For example, let’s say your Dodge Charger settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after the deductible is paid. If you are paying in excess of $200 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are a few situations where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Find More Affordable Car Insurance with These Tips

Many different elements are considered when premium rates are determined. Most are fairly basic like an MVR report, but other factors are not quite as obvious such as your marital status or your vehicle rating. Consumers need to have an understanding of a few of the rating criteria that come into play when calculating the level of your policy premiums. When you understand what influences your rates, this allows you to make good choices that may reward you with better car insurance rates.

Shown below are some of the most rate-impacting factors that factor into premiums.

• Never let your car insurance expire – Having an insurance coverage lapse is a quick way to bump up your car insurance costs. Not only will you pay higher rates, the inability to provide proof of insurance might get you a revoked license or a big fine. Then you may be required to file a SR-22 with the Texas DMV.
• You may save more by combining policies – The majority of car insurance companies give better rates to buyers who have multiple policies with them in the form of a multi-policy discount. Discounts can add up to 10 percent or more. Even if you’re getting this discount you still need to compare Dodge Charger rates in El Paso to make sure you are getting the best deal.
• Does your job raise your premiums? – Did you know that where you work can have an impact on rates? Occupations like real estate brokers, architects, and financial analysts generally pay the highest average rates due to high stress levels and lots of time spent away from family. Conversely, professions such as scientists, engineers and homemakers get better rates.
• Your spouse saves you money – Having a wife or husband helps lower the price on your car insurance bill. Having a significant other may mean you are more financially stable and statistics prove being married results in fewer claims.
• Is your vehicle theft-ready? – Selecting a car model with an alarm system can help lower your premiums. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent auto theft and help lower rates.

• Is your car, truck or SUV built for speed? – The performance of the car, truck or SUV you need insurance for makes a huge difference in your car insurance bill. The lowest premiums are usually found on economy passenger cars, but the final cost of insurance is determined by many other factors.

  The next chart uses these variables: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Dodge Charger car insurance rates compared to other models that have different performance risks.

• Higher coverage deductibles lower premiums – Physical damage deductibles state the amount of money you are willing to pay out-of-pocket in the event of a claim. Protection for physical damage, aka comp and collision, protects your car from damage. Examples of some claims that would be covered could be colliding with a stationary object, vandalism, and having a roll-over accident. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive.
• Drivers with high credit save on car insurance – Your credit history can be a huge factor in your rate calculation. So if your credit is lower than you’d like, you could pay less to insure your Dodge Charger if you improve your credit rating. Insureds with very good credit scores tend to file fewer claims and have better driving records than those with poor credit scores.

• Dodge Charger claim probability – Insurers use claims history when setting premium prices. Vehicles that have increased claim numbers or amounts will cost more for specific coverages. The data below shows the actual insurance loss data for Dodge Charger vehicles.

  For each coverage category, the statistical loss for all vehicles, regardless of manufacturer or model, is set at 100. Values that are below 100 are indicative of better than average losses, while numbers shown that are more than 100 show a trend for more claims or a tendency for losses to be larger than average.

  
  

  Auto Insurance Loss Data for Dodge Charger Models

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Dodge Charger 2WD	148	142	160	176	178	159
  Dodge Charger 4WD	124	129	115	107	110	138
  Dodge Charger HEMI	156	106	202	118	127	111

  BETTER

  AVERAGE

  WORSE

  Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years