Did you know that Dodge Charger insurance is often more expensive than insurance for comparable four-door sedan muscle cars? However, by selecting the appropriate trim level and avoiding supercharged engines, you may keep your Dodger insurance premiums reasonable.
However, by selecting the appropriate trim level and avoiding supercharged engines, you may keep your Dodger insurance premiums reasonable. Let’s take a look at a few things to think about when shopping for Dodge Charger insurance.
The Dodge Charger is a well-known American sports automobile that is often regarded as one of the last great sports sedans. The 2019 Dodge Charger SXT will cost $4,792 per year to insure, which works out to around $399 per month.
State Farm is the cheapest insurer for this fancy automobile. A 2019 Dodge Charger SXT is expected to cost roughly $21,284.
Dodge Chargers are not the most costly cars to insure, but they will almost certainly cost you more than a Toyota Camry, which is the national average.
When it comes to car insurance costs, the type and model of your vehicle can have a big impact.
A powerful car, such as a Dodge Charger, costs more than a normal budget car, such as a Toyota Camry, and hence can easily carry higher car insurance prices.
How Much Is the Average Price of Car insurance for the Dodge Charger?
The Dodge Charger is a fun automobile to drive, but it has higher car insurance rates than other cars in its class.
In general, the Charger costs $700 more to insure per year than the average car. When insuring your Dodge Charger, you can expect to pay around $173 per month or $2,076 per year.
When you compare the yearly cost-to-base car price of 4% for the United States to 7.4% for the Dodge Charger on a base price of $27,995, you can see that the Charger has a 3.4 percent higher insurance cost.
When you compare the market worth of a Dodge Charger to the cost of auto insurance over a six-year period, you’ll notice a steady rise.
The automobile insurance premiums in the table below indicate a full-coverage policy for a 30-year-old male driving a Dodge Charger SXT trim rear-wheel-drive.
The rates were gathered from major insurers in major cities such as New York, Chicago, Dallas, and Los Angeles.
- The yearly insurance cost for a 2014 Dodge Charger with a market value of $11,865 is $4,011.
- The yearly insurance cost for a 2015 Dodge Charger with a market value of $15,267 is $4,178.
- The yearly insurance cost for a 2016 Dodge Charger with a market value of $16,516 is $4,338.
- The yearly insurance cost for a 2017 Dodge Charger with a market value of $17,962 is $4,052.
- The yearly insurance cost for a 2018 Dodge Charger with a market value of $18,590 is $4,615.
- The yearly insurance cost for a 2019 Dodge Charger with a market value of $21,284 is $4,792.
Look for sophisticated safety or driver-assist systems when selecting the trim and add-on packages for your Dodge Charger to help minimize your insurance prices.
Expect your insurance rates to rise if you have trim levels or extras that boost the Charger’s power and performance or enhance its overall value.
A Dodge Charger costs $4,406 per year on average to insure. The cost of insurance will vary depending on the model year and the value of the car. Newer models are frequently more expensive, which is why insurance premiums have been constantly rising.
The 2014 Dodge Charger was the cheapest to insure of the cars tested, costing $4,011, or $781 less than the 2019 Dodge Charger.
The cost of insurance for the 2020 Dodge Charger was not known, although a newer model is likely to be more expensive.
The Most Affordable Insurance Carriers for the Dodge Charger
As we previously stated, insuring a 2019 Dodge Charger SXT with a base price of $21,284 will cost you around $399 per month or $4,792 per year.
When it comes to the Dodge Charger’s higher luxury versions, State Farm has the cheapest rates.
While State Farm has the cheapest Dodge Charger insurance, Allstate is one of the most costly insurance companies. For the 2019 Charger, Allstate will cost you around $7,528 per year ($2,736 more than State Farm).
Progressive is in the middle, with a monthly premium of $464 (approximately $65 more than State Farm) and a yearly premium of $5,568.
Also, see How Much Does Car Insurance Cost?
What Is the Most Expensive Dodge Charger to Insure?
Because the 2019 Dodge Charter GT grades are the most powerful of the Charger trims, they have a higher insurance rate.
The price and value of an automobile rise as more powerful engines, bigger tires, beefed-up suspension, and steering systems are added, as do your insurance premiums.
The Dodge Charger SXT trim has a market value of $33,664, while the ferocious Dodge Charger SRT Hellcat (part of the GT-line of Chargers) has a market value of $54,948.
The Dodge Charger GT has a more powerful engine and is more pricey. Distinct types of trim might have different sets of vehicle features, which can affect the car’s worth.
It can also assist insurers in estimating the cost of a claim in the event of an accident.
The insurance premiums for people who own the 2019 Dodge Charger SXT trim level have increased by $21,284 over those who own the 2019 Dodge Charger SXT trim level.
When shopping for a Dodge Charger trim in the GT Line, keep in mind that these more expensive and powerful trims come with higher monthly car payments as well as higher insurance rates.
What Are the Insurance Rates for a Dodge Charger Compared to Other Muscle Cars?
In general, insurance costs for the 2019 Dodge Charger are higher than those for other muscle vehicles, with an average of $4,792 per year.
However, because the Dodge Charger is the only four-door sports sedan on the market, it’s difficult to make a side-by-side comparison.
The same sample driver, a 30-year-old male residing in a large city driving a 2019 Dodge Charger STX with an annual rate of $4,792, was used to compare insurance rates to similar muscle cars.
If the same driver drives a 2019 Chevrolet Camaro 1SS, annual insurance costs are around $4,675. The 2019 Dodge Charger costs $117 per year, or $9 per month cheaper.
The cheapest comparative rates were obtained with the 2019 Ford Mustang, which had annual insurance premiums as low as $4,378. For our 30-year-old male driver, those figures translate to $414 less per year and $35 less per month.
Conclusion
In comparison to other models, the Dodge Charger has a low insurance cost. It is statistically proven to be a high theft rate for vehicle.
The cost of Dodge Charger auto insurance is determined by the insurer you choose. While the average cost of insurance for the model is $1,447 per year, depending on the carrier you choose, you may spend more or less.
When deciding vehicle insurance premiums for each car type, insurance companies evaluate several factors. Insurance costs are greater for high-value automobile models and those with a high theft and crash rate.
Most insurance providers use factors like automobile type and theft rate to calculate their costs.
References
- https://www.valuepenguin.com
- https://www.bankrate.com
- https://www.moneygeek.com
- https://www.caranddriver.com
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