Car Insurance Rates for a Dodge Challenger in Jersey City

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Would you prefer to buy cheaper Dodge Challenger insurance in Jersey City? Are you frustrated by the wide range of car insurance providers available to you? Consumers have so many providers available that it can be hard work to find lower prices on Dodge Challenger insurance. Jersey City is an awesome place to live, but high car insurance prices can make it very difficult to pay other bills every month.

How to find cheaper quotes for Dodge Challenger insurance in Jersey City

The recommended way to get discount Dodge Challenger insurance is to regularly compare quotes from providers that insure vehicles in Jersey City. This can be done by completing these steps.

  • First, gain an understanding of what is in your policy and the modifications you can make to prevent rate increases. Many rating criteria that cause rate increases like getting speeding tickets and a less-than-favorable credit score can be eliminated by paying attention to minor details. This article gives information to get cheaper rates and find possible discounts that are available.
  • Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive or Allstate, while independent agencies can provide price quotes for a wide range of companies. Get quotes now
  • Third, compare the quotes to your existing policy and see if there is a cheaper rate. If you find a lower rate and decide to switch, ensure coverage does not lapse between policies.
  • Fourth, provide notification to your current company of your intent to cancel your current car insurance policy and submit payment and a completed application for your new coverage. Be sure to store the certificate verifying proof of insurance in an easily accessible location in your vehicle.

One bit of advice is to try to compare the same coverage limits and deductibles on every quote request and and to get price estimates from as many companies as you can. This helps ensure a fair price comparison and a good representation of prices.

Insurance for Dodge ChallengerUnbelievably, the vast majority of drivers have purchased from the same company for four years or more, and roughly 40% of drivers have never shopped around. American insurance shoppers can save hundreds of dollars each year just by getting comparison quotes, but they don't know the rate savings if they replace their high priced policy.

Consumers should take time to take a look at other company's rates before your policy renews due to the fact that insurance rates are variable and change quite frequently. Just because you found the lowest rate on Dodge Challenger insurance in Jersey City a couple years back a different company probably has better prices today. There is a lot of wrong information about Challenger insurance out there, but you can learn some proven techniques to lower your car insurance premiums.

Why Informed Consumers Pay Less for Dodge Challenger Insurance

Multiple criteria are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious like an MVR report, although others are more obscure like your vehicle usage or your commute time. An important part of buying insurance is that you know some of the things that are used to determine your premiums. If you know what determines base rates, this enables informed choices that can earn you cheaper rates.

  • Liability protection limits should be high - Liability coverage will provide protection when a jury decides you are liable for personal injury or accident damage. This coverage provides legal defense coverage up to the limits shown on your policy. It is affordable coverage when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Good credit means lower costs - Having a good credit rating is a big factor in calculating your premium rate. If your credit score can use some improvement, you could save money insuring your Dodge Challenger by repairing your credit. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have worse credit.
  • Bundle home and auto and save - Many insurance companies apply lower prices to buyers that have more than one policy such as combining an auto and homeowners policy. This can amount to ten percent or more. Even if you're getting this discount drivers will still want to get quotes from other companies to help ensure you have the lowest rates.
  • Is your vehicle theft-ready? - Choosing to buy a car that has a built-in theft deterrent system can save you some money. Advanced theft deterrents such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder auto theft.
  • Filing insurance claims can cost more - If you are the type of insured that files lots of claims don't be surprised to see either a policy non-renewal or much higher rates. Car insurance companies in New Jersey provide the best rates to insureds who are not frequent claim filers. Your insurance policy is intended to be relied upon for larger claims.
  • A insurance policy lapse can increase prices - Having a gap between insurance policy dates will be a guaranteed way to increase your rates. Not only will rates go up, not being able to provide proof of insurance could earn you a steep fine or even jail time.

Dodge Challenger insurance statistics and information

The premium table below showcases different insurance costs for Dodge Challenger models. Having insight into how car insurance premiums are established can help you make decisions on which insurance to purchase.

Dodge Challenger Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $500 $994 $706 $42 $212 $2,454 $205
Challenger R/T $550 $1144 $706 $42 $212 $2,654 $221
Challenger SRT-8 $602 $1296 $706 $42 $212 $2,858 $238
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Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Rate quotes do not factor in garaging location in Jersey City which can revise rates greatly.

An analysis of deductible level

When comparing auto insurance rates, the most common question is how high should the physical damage coverage deductibles be. The data tables below illustrate the difference in cost when you choose different physical damage coverage deductibles. The first pricing table uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Dodge Challenger insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $520 $880 $544 $32 $162 $2,163 $180
Challenger R/T $574 $1014 $544 $32 $162 $2,351 $196
Challenger SRT-8 $626 $1146 $544 $32 $162 $2,535 $211
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Dodge Challenger insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $380 $594 $544 $32 $162 $1,712 $143
Challenger R/T $418 $684 $544 $32 $162 $1,840 $153
Challenger SRT-8 $458 $774 $544 $32 $162 $1,970 $164
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in the specific area where the vehicle is garaged which can change premium rates significantly.

Using the premium rates above, we can conclude that using a $100 deductible would cost the average driver about $43 more each month or $516 annually than quoting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you average at least 9 months between claim filings, you would probably save some money if you elect the higher deductible.

Dodge Challenger insurance rates: Men versus women

The chart below illustrates the comparison of Dodge Challenger car insurance costs for male and female drivers. The data is based on no claims or driving violations, full coverage, $250 deductibles, single status, and no discounts are applied to the premium.

Dodge Challenger full coverage rates compared to liability only

The diagram below shows the comparison of Dodge Challenger annual premium costs with full physical damage coverage compared to only buying liability only. The premiums assume no claims or driving violations, $500 deductibles, single status, and no other discounts are factored in.

When to switch to liability coverage only

There is no clear-cut formula for phasing out full coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let's assume your Dodge Challenger settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after the policy deductible has been paid. If premium cost is more than $400 annually to have full coverage, then you might consider buying liability only.

There are some circumstances where only buying liability is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

Discount Jersey City auto insurance rates

Some providers don't always publicize every discount very clearly, so the next list breaks down a few of the more well known as well as some of the hidden credits available to bring down your rates.Cheaper auto insurance with discounts

  • College Student - Kids who are enrolled in a college that is more than 100 miles from Jersey City and do not take a car to college may be able to be covered for less.
  • Senior Citizen Discount - If you're over the age of 55, you can get a slight reduction on a Jersey City auto insurance quote.
  • Discounts for Seat Belt Usage - Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Discount for Passive Restraints - Cars that have air bags or motorized seat belts may qualify for discounts as much as 30%.
  • Auto/Life Discount - Not all auto insurance companies offer life insurance, but some may give you a break if you buy auto and life insurance together.
  • Good Driver Discount - Safe drivers can get discounts for up to 45% lower rates than less cautious drivers.
  • Federal Government Employee - Active or former government employment may qualify for a discount when you quote Jersey City auto insurance but check with your company.
  • No Claim Discounts - Drivers who don't have accidents are rewarded with significantly better rates on Jersey City auto insurance quote as opposed to insureds who have frequent claims or accidents.

Drivers should understand that some credits don't apply to the entire cost. Most only reduce specific coverage prices like medical payments or collision. So even though you would think you could get a free auto insurance policy, you're out of luck.

The diagram below shows the difference between Dodge Challenger auto insurance costs with and without discounts applied to the premium. The data is based on a female driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, claim-free, marriage, and multi-car discounts applied.

Some of the insurance companies that may include these discounts include:

If you need lower rates, check with each insurance company to give you their best rates. Depending on the company, some discounts might not be available to policyholders in Jersey City. To see a list of companies with discount auto insurance rates in Jersey City, click this link.

What is the best auto insurance company in Jersey City?

Ending up with the right insurance provider can be difficult considering how many companies sell coverage in Jersey City. The company rank data below can help you pick which car insurance companies to look at shopping prices with.

Top Auto Insurance Companies in Jersey City
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Mercury Insurance 87 96 100 87% A+ 93.4
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Insure.com Best Car Insurance Companies

Persistence will pay off

Low-cost Dodge Challenger insurance in Jersey City is attainable both online and also from your neighborhood Jersey City agents, so you need to quote Jersey City auto insurance with both in order to have the best chance of saving money. Some insurance providers do not offer online quoting and these regional insurance providers work with local independent agencies.

Insureds switch companies for a number of reasons such as questionable increases in premium, unfair underwriting practices, policy non-renewal or even lack of trust in their agent. Regardless of your reason for switching companies, switching car insurance companies can be easier than you think.

When shopping online for car insurance, do not buy lower coverage limits just to save a few bucks. Too many times, an insured dropped physical damage coverage to discover at claim time that it was a big error on their part. Your goal should be to get the best coverage possible at the best possible price and still be able to protect your assets.

How to buy affordable Dodge Challenger insurance in Jersey City

Really, the only way to find discount Dodge Challenger insurance in Jersey City is to do an annual price comparison from different companies who sell auto insurance in New Jersey. You can compare prices by following these guidelines.

  1. Try to understand auto insurance and the things you can change to prevent high rates. Many factors that result in higher prices like traffic citations and your credit history can be rectified by making minor changes to your lifestyle.
  2. Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agents can quote prices from multiple sources.
  3. Compare the new rates to your existing rates and see if you can save money. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
  4. Give notification to your agent or company of your intention to cancel the current policy. Submit a down payment and signed policy application to your new company or agent. When you receive it, store the proof of insurance paperwork in an easily accessible location.

A tip to remember is to try to compare the same level of coverage on each price quote and and to get rates from as many auto insurance providers as possible. This ensures the most accurate price comparison and a complete price analysis.

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