Dodge Challenger Insurance Costs: What A Good Deal Looks Like

The average cost of Dodge Challenger insurance is $2,496 per year or about $208 per month based on data compiled by car insurance comparison site The Zebra. This is for what's considered a "full coverage" insurance policy, which includes comprehensive, collision, and liability coverage.

Keep in mind that car insurance rates tend to vary based on a variety of factors, including where you live, your age, and your driving record.

How much is insurance for a Dodge Challenger?

As noted above, car insurance comparison site The Zebra reports that Dodge Challenger drivers can expect to pay about $208 per month for full coverage insurance (roughly $2,496 annually). The average cost of car insurance for all vehicles is $1,759 per year, according to The Zebra, which equates to about $147 per month.

This means that, on average, you're paying about $737 more per year or about $61 more per month for Dodge Challenger car insurance compared with other vehicles. That's a hefty amount, but you might see some variation in average rates depending on different factors, including the age of your Challenger, where you live, and your annual mileage.

What factors determine Dodge Challenger insurance costs?

Car insurance rates vary depending on two general sets of factors, including specific vehicle features and universal factors that apply to everyone.

Vehicle features

Here are some specific vehicle features that can affect your car insurance costs:

Purchase price Vehicle model year Make and model Engine size

Vehicle size Safety features Safety ratings Safety issues

A general rule of thumb is more expensive vehicles will have higher insurance rates. This is because the insurance company would typically have to pay more to repair or replace an expensive vehicle if it were involved in a covered event.

Some of the factors that affect a vehicle's purchase price include its make and model, its engine size, how old the vehicle is, and the actual size of the vehicle. Newer models and larger vehicles are typically more expensive. And having a bigger engine could also increase the overall price.

Additionally, a larger engine might mean more horsepower and higher overall speeds. This is seen as riskier for insurers because cars that can reach higher speeds are often associated with more violations and accidents.

So if you were to look at different Dodge Challenger models and trim levels, you might expect the Dodge Challenger SRT Hellcat or Scat Pack trims to have higher insurance costs than the SXT. This is because the SRT Hellcat and Scat Pack trims are more expensive than the SXT.

It's also important to consider your car's safety features, safety ratings, and any potential safety issues. Cars with higher safety ratings could provide lower insurance rates because they might pose less of a risk for insurance companies. And certain safety features, such as anti-lock brakes, could qualify you for a discount with different insurance providers.

You can check vehicle ratings on the Insurance Institute for Highway Safety (IIHS) website, which includes information about crash test ratings and other safety-related tests.

For safety issues or recalls, use the National Highway Traffic Safety Administration (NHTSA) website.

Universal factors

Here are some universal factors that can affect your car insurance costs:

Age Gender Location Marital status Credit score Driving record

Years of driving experience Coverage and deductible limits Claims history Insurance history Annual mileage Vehicle use

Most car insurance quotes ask for certain information, including your age, gender, location, marital status, and more. These are common questions you have to answer, and they can all affect your overall auto insurance rates.

Unfortunately, you can't control some of these factors, including your age and, to some extent, where you live. And the fact of the matter is a teen driver will typically have higher rates than a 40-year-old driver with a clean driving record. You might also find your insurance rates are higher if you live in a busy city compared with a suburban neighborhood.

But it's possible to have some sort of control over certain factors that affect your car insurance rates. For example, you can practice defensive driving habits and try to avoid violations and accidents as much as possible. This could help you achieve a clean driving history, which is a big factor in determining your rates.

You can also select lower coverage limits and higher deductibles. This means you would have less overall financial protection if there were an accident, but you would also typically pay lower insurance premiums.

Keep in mind that finding a balance between having sufficient coverage for your peace of mind and paying lower premiums is often a wise strategy. It makes sense to want more affordable rates, but having enough car insurance to protect you financially is also important.

How can you save on Dodge Challenger insurance?

Consider these tips to help save on Dodge Challenger auto insurance costs:

Go with used vs. new

New cars are almost guaranteed to cost more than used cars of the same make and model. Knowing that more expensive cars tend to have higher insurance rates, it might make sense to look into used cars if you want to find lower rates.

And if saving money is your top priority, simply choosing to buy a used Dodge Challenger over a new one could save you thousands of dollars on the purchase price.

Don't forget safety features

Many car insurance companies offer discounts if your vehicle has certain safety features or equipment installed. This could include daytime running lights, anti-lock brakes, or an anti-theft system.

It's common for many new vehicles to have these types of safety features installed, though you can also find plenty of older models that have anti-lock brakes. If you're making a decision between buying a used versus new vehicle, don't forget to consider whether a car has specific safety features that could help decrease your auto insurance rates.

Consider your coverage limits and deductibles

There's not one right amount of car insurance coverage that works for everyone. Some people might want higher coverage limits to give them more peace of mind as they drive. Others may prefer taking lower limits and higher deductibles because their premiums would be more affordable.

If you want the cheapest rates possible, go for the lowest coverage limits and highest deductibles. Better yet, remove any coverage or policy add-on that's not required in your state. Most states require some liability insurance, and some also require underinsured or uninsured motorist coverage.

But be aware you might end up paying much more money than you're saving on premiums if you're involved in an accident, and you don't have enough insurance to cover the related expenses.

Look for discounts

Most auto insurance companies provide different discounts to help lower car insurance rates. But not all companies provide the same type or number of discounts, so it's on you to look into available discounts from each provider.

Here are some common car insurance discounts:

• Multi-policy
• Multi-vehicle
• Homeowner
• Safe driver
• Military
• Federal employee
• Good student
• Safety equipment
• Defensive driving course

Practice safe driving habits

One of the factors that have a large impact on your insurance cost is your driving history. Your driving history is a record of your driving-related events, which often includes accidents and traffic violations.

Being involved in an accident, even if it wasn't your fault, could cause your car insurance rates to increase. And speeding tickets or other similar violations are commonly taken into consideration when insurers determine your rates.

Practicing safe driving habits, such as driving defensively, isn't a sure way to avoid accidents and citations. But it could help, which in turn could help you maintain lower insurance rates.

Use comparison shopping tools

Two of the most common ways to get car insurance quotes include speaking with insurance agents or going through free quote processes directly on provider websites. There's nothing necessarily wrong with these approaches, but it's often easier to use an insurance comparison tool to find multiple rates at once.

Comparison shopping tools and sites for car insurance are designed to find available rates in your area after you fill in the required information, including your name, location, gender, and age.

This is the same type of information you would have to provide during an individual quote process, but a comparison shopping tool provides you with multiple rates rather than just one rate from one company. Using this method, you can quickly and efficiently compare available coverage in your area to help find the cheapest rates.

FAQs

Bottom line

Dodge Challenger insurance costs more than average compared to other vehicles. The reasons insuring a Challenger is more expensive are likely the same reasons why you bought it: It’s fast, it’s powerful, it’s a sports car. But keep in mind that insurance rates tend to vary by location, driving record, and other factors, so your rates may not be as high as you might expect.

Even so, you should always shop around. Using a car insurance comparison tool is often the quickest and easiest way to compare coverage and find the cheapest rates. The best car insurance will get you the coverage you need at a price you can manage.