We don’t have to tell you that car insurance companies want to keep you from comparing rates. Insureds who shop around at least once a year are likely to move their business because there is a good probability of finding a lower-priced policy. A recent insurance study discovered that consumers who made a habit of comparing rate quotes saved about $72 a month compared to people who never compared prices.
If finding the lowest price for auto insurance in Greensboro is your objective, then having an understanding of the best way to compare insurance can help simplify the process.
The best way we recommend to get discount Dodge Challenger insurance is to compare prices annually from providers that insure vehicles in Greensboro. Drivers can shop around by following these guidelines.
- Step 1: It will benefit you to learn about the different coverages in a policy and the factors you can control to drop your rates. Many things that cause high rates such as accidents, traffic violations, and a poor credit score can be remedied by making minor changes in your lifestyle. Later in this article we will cover instructions to find cheap prices and get discounts that may be overlooked.
- Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while agents who are independent can quote prices from many different companies.
- Step 3: Compare the new rates to your existing coverage and determine if cheaper Challenger coverage is available. If you find a lower rate and decide to switch, verify that coverage does not lapse between policies.
The most important part of shopping around is that you’ll want to compare identical coverages on each quote and and to look at as many companies as feasibly possible. This provides an accurate price comparison and the best price selection.
Keep in mind that comparing more prices helps locate a lower rate than you’re paying now. Not every company does price estimates online, so it’s recommended that you also compare price quotes from them, too.
The companies shown below are our best choices to provide free rate quotes in Greensboro, NC. If your goal is to find the best cheap car insurance in Greensboro, NC, we recommend you visit two to three different companies to get a more complete price comparison.
You may qualify for discounts for Dodge Challenger insurance in Greensboro
Insuring your fleet can be pricey, but there are discounts available that you may not even be aware of. Certain discounts will be applied at the time of purchase, but some may not be applied and must be specifically requested before they will apply.
- Life Insurance – Not all companies offer life insurance, but some may give you better rates if you take out a life insurance policy as well.
- Driver Safety – Participating in a class that teaches driver safety techniques could possibly earn you a 5% discount depending on where you live.
- Fewer Miles Equal More Savings – Driving less could earn discounted prices on garaged vehicles.
- ABS Brakes – Cars and trucks equipped with ABS or steering control have fewer accidents and therefore earn up to a 10% discount.
- Paperless Signup – Some of the larger companies will give you a small discount for signing up on the internet.
- Safe Driver Discounts – Safe drivers can save as much as half off their rates than their less cautious counterparts.
- Active Military Service – Being deployed with a military unit could be rewarded with lower insurance rates.
As a disclaimer on discounts, some credits don’t apply to all coverage premiums. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like you can get free auto insurance, companies wouldn’t make money that way.
The illustration below illustrates the difference between Dodge Challenger premium costs with and without discounts applied to the rates. The data assumes a male driver, no tickets, no at-fault accidents, North Carolina state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, safe-driver, homeowner, and multi-car discounts applied.
If you would like to see a list of providers with the best discounts in North Carolina, click this link.
Insurance coverage analysis
The premium information below highlights estimates of coverage prices for Dodge Challenger models. Understanding how auto insurance prices are figured can benefit drivers when making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Challenger SE | $224 | $308 | $368 | $22 | $110 | $1,032 | $86 |
| Challenger R/T | $248 | $354 | $368 | $22 | $110 | $1,102 | $92 |
| Challenger SRT-8 | $270 | $402 | $368 | $22 | $110 | $1,172 | $98 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in Greensboro location which can impact coverage prices considerably.
Car insurance rates based on gender
The illustration below compares Dodge Challenger insurance costs for male and female drivers. The premium estimates are based on no violations or accidents, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are factored in.
Full coverage versus liability-only
The information below visualizes the comparison of Dodge Challenger annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in North Carolina. The data is based on no accidents, no driving violations, $250 deductibles, drivers are not married, and no discounts are applied.
When to stop paying for full coverage
There is no exact formula of when to drop full coverage, but there is a general convention. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s pretend your Dodge Challenger claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying your policy deductible. If premium cost is more than $500 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are some conditions where dropping full coverage is not recommended. If you still have a lienholder on your title, you have to carry full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not eliminate full coverage.
Informed Drivers Can Slash Their Insurance Prices
One of the most helpful ways to save on insurance is to to have a grasp of some of the things that come into play when calculating the level of your policy premiums. If you understand what impacts premium levels, this allows you to make good choices that will entitle you to cheaper rates. Many things are taken into consideration when premium rates are determined. Some of the criteria are obvious such as your driving record, but other factors are more obscure like your vehicle usage or how financially stable you are.
Listed below are some of the factors that factor into your prices.
Driving citations can be expensive – Having a clean driving record has a lot to do with how much you pay for insurance. Careful drivers get better prices than bad drivers. Even one citation may cause rates to rise by twenty percent. People who have serious violations such as reckless driving, hit and run or driving under the influence may find that they have to to file a proof of financial responsibility form (SR-22) with their state’s licensing department in order to continue driving.
The chart below illustrates how violations and at-fault claims drive up Dodge Challenger premium costs for different age groups. The rates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
Save money by raising deductibles – Deductibles for physical damage define how much you are willing to pay if a claim is determined to be covered. Physical damage protection, otherwise known as comp (or other than collision) and collision, protects your car from damage. A few examples of covered claims would be collision with another vehicle, vandalism, and having a roll-over accident. The more of the claim the insured has to pay upfront, the better rate you will receive.
Married drivers get better premiums – Your spouse may cut your premiums on your policy. Having a spouse demonstrates that you tend to be more mature than a single person and it’s statistically proven that drivers who are married are more cautious.
Your address can affect premiums – Residing in less populated areas of the country can save you money when trying to find low car insurance rates. People in densely populated areas regularly have much more traffic and more severe claims. Lower population translates into fewer accident claims.