Want to learn a better way to compare cheaper Dodge Challenger insurance in St. Louis? Expensive Dodge Challenger insurance in St. Louis can drain your savings account and make it hard to pay other bills. Comparing rates annually is an excellent way to lower your bills every month.
It's hard to fathom, but most car insurance policyholders in Missouri renewed their policy with the same company for a minimum of four years, and approximately 40% of consumers have never compared rates with other companies. Many consumers in the United States could save themselves about 46.5% a year, but they underestimate the actual amount they would save if they bought a different policy.
Because you have many companies and agents to choose from, it's difficult to locate a lower cost car insurance provider.
Smart consumers take time to compare premium rates occasionally because insurance rates change regularly. Despite the fact that you may have had the best premium rates on Dodge Challenger insurance in St. Louis two years ago you can probably find a better price now. Block out anything you think you know about car insurance because we're going to show you the best methods to save money, get proper coverage and the best rates.
When shopping for Dodge Challenger insurance in St. Louis there are multiple ways to compare rate quotes from many available insurance companies in Missouri. The easiest way to lower the rate you pay for Dodge Challenger insurance consists of shopping online.
Comparison shopping price quotes online is easy and it takes the place of having to make phone calls or go to all the different St. Louis insurance agencies. Comparing Dodge Challenger insurance rate quotes online has reduced the need for local agents unless your situation requires the professional abilities of a licensed agent. You can, however, price shop online but have a local agent actually write the policy. When price shopping your coverage, obtaining a wide range of quotes will enable you to find better pricing.
The companies shown below provide free quotes in St. Louis, MO. If multiple providers are shown, it's highly recommended you get price quotes from several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Missouri minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in specific location which can raise or lower prices greatly.
Annual premiums for males versus females
The information below shows the difference between Dodge Challenger annual premium costs for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.
Full coverage or liability only
The information below shows the comparison of Dodge Challenger insurance premiums with full physical damage coverage compared to only buying liability only. The data is based on no tickets, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are taken into consideration.
Should you pay for full coverage or liability only?
There is no exact rule to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
For example, let's assume your Dodge Challenger claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after paying your policy deductible. If you are paying more than $300 annually for your policy with full coverage, then it might be time to buy liability only.
There are some scenarios where dropping physical damage coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.
Poor driving habits will raise your auto insurance rates
The information below shows how speeding tickets and at-fault fender-benders drive up Dodge Challenger insurance rates for different insured age categories. The rates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
Buyer beware of auto insurance advertising tricks
Auto insurance providers like State Farm, GEICO and Progressive continually stream television, radio, and online ads. All the ads seem to make the promise about how much you will save if you switch your policy. How does every company offer drivers better rates? Here is the trick they use.
All companies quote the lowest rates for the type of driver that is profitable for them. An example of this type of driver may be over the age of 50, has a clear driving record, and drives a lower-performance vehicle. Any new insured that fits those parameters will most likely get cheap premium rates and will probably save quite a bit of money when switching.
Drivers who fall short of these stringent criteria will have to pay higher prices and this can result in business going elsewhere. If you listen closely, the ads state "drivers that switch" not "everybody who quotes" save that much money. That's the way companies can truthfully make it sound like they have such great prices.
Because of these techniques, you absolutely need to compare rate quotes every year. It is just not possible to predict the company that will provide you with the cheapest Dodge Challenger insurance in St. Louis.
Here's why auto insurance is not optional
Even though St. Louis Challenger insurance rates can get expensive, maintaining insurance serves an important purpose.
First, almost all states have minimum mandated liability insurance limits which means you are required to carry specific limits of liability in order to get the vehicle licensed. In Missouri these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a lienholder, almost all lenders will make it a condition of the loan that you have full coverage to guarantee loan repayment. If you default on your policy, the lender may insure your Dodge for a much higher rate and force you to pay the higher premium.
Third, insurance safeguards both your vehicle and your personal assets. It will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance are without a doubt worth the cost, especially with large liability claims. According to a 2015 survey, the average American driver is overpaying over $800 each year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.
Get cheaper Dodge Challenger insurance in St. Louis with discounts
Car insurance is not cheap, but there could be significant discounts that you may not know about. Many of these discounts will be applied automatically when you complete an application, but some may not be applied and must be specifically requested before you get the savings.
- Multiple Policy Discount - If you can combine your home and auto policy with one company you could get a discount of at least 10% off all policies.
- Telematics Devices - Policyholders that allow data collection to monitor when and where they use their vehicle by installing a telematics device like In-Drive from State Farm and Progressive's Snapshot might see lower rates if their driving habits are good.
- Discount for Life Insurance - Not all companies offer life insurance, but some may give you lower premium rates if you buy a life policy as well.
- Active Military Service - Having a family member in the military could trigger a small discount.
- Multiple Vehicles - Drivers who insure multiple vehicles with the same company can reduce the rates for all insured vehicles.
It's important to note that most discount credits are not given to your bottom line cost. Most only cut specific coverage prices like comprehensive or collision. Just because you may think you would end up receiving a 100% discount, insurance companies wouldn't stay in business. Any amount of discount should help reduce your policy premiums.
Companies and their offered discounts can be read below.
- Progressive has discounts for online signing, continuous coverage, multi-policy, homeowner, and good student.
- SAFECO may have discounts that include anti-theft, multi-car, safe driver, bundle discounts, homeowner, and teen safety rewards.
- American Family offers premium reductions for accident-free, defensive driver, Steer into Savings, good student, air bags, and TimeAway discount.
- MetLife offers discounts including claim-free, accident-free, good student, multi-policy, and defensive driver.
- GEICO offers discounts for good student, anti-theft, driver training, air bags, five-year accident-free, and military active duty.
- The Hartford may offer discounts for bundle, defensive driver, anti-theft, driver training, air bag, and good student.
If you need affordable St. Louis car insurance quotes, ask all companies you are considering which discounts you qualify for. Some credits may not apply to policies in your state. To view insurance companies that can offer you the previously mentioned discounts in St. Louis, follow this link.
When to get advice from a local insurance agent
Many people just want to talk to an insurance agent and there is nothing wrong with that. One of the benefits of getting free rate quotes online is that you can obtain cheap car insurance quotes and still choose a local agent. And supporting local insurance agents is important particularly in St. Louis.
To find an agent, once you fill out this short form, your insurance data is emailed to local insurance agents in St. Louis that provide free St. Louis car insurance quotes to get your business. You never need to drive around because quoted prices will be sent immediately to you. You can find lower rates AND a local agent. If you want to get a price quote from a specific car insurance provider, you would need to visit that company's website and fill out their quote form.
Exclusive agents vs. Independent agents
If you want to buy car insurance from a local St. Louis insurance agent, it helps to know the two different types of agents and how they can quote your rates. St. Louis agents can be classified as either independent or exclusive.
Independent Agencies or Brokers
Agents in the independent channel can quote rates with many companies so as a result can place your coverage with lots of companies depending on which coverage is best. If you are not satisfied with one company, your agent can just switch to a different company which requires no work on your part. When comparing rates, it's a good idea to get rate quotes from several independent insurance agents to get the best comparison.
Below are St. Louis independent agents that may be able to give free rate quotes.
Agents in the exclusive channel can only provide pricing for a single company and examples are American Family, State Farm, and Allstate. Exclusive agents cannot provide other company's prices so they really need to provide good service. Exclusive agencies are well trained in insurance sales which helps overcome the inability to quote other rates.
Below are St. Louis exclusive agents who can help you get comparison quotes.
Angela Rule - State Farm Insurance Agent
5153 Lemay Ferry Rd - St. Louis, MO 63129 - (314) 892-1903 - View Map
Finding the right auto insurance agent shouldn't rely on just the premium amount. Any agent in St. Louis should be willing to answer these questions.
- What company holds the largest book of business for them?
- What will you get paid if your car is a total loss? How is that amount determined?
- Will high miles depreciate repair valuations?
- Does the company use OEM repair parts?
- Do they regularly work with personal auto policies in St. Louis?
- Which insurance companies are they affiliated with?
- How are they compensated?
Specifics of your car insurance policy
Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Below you'll find typical coverages offered by car insurance companies.
This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like hitting a parking meter, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. It's also possible to raise the deductible on your Challenger to save money on collision insurance.
Uninsured Motorist or Underinsured Motorist insurance
This coverage gives you protection when the "other guys" are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries and damage to your Dodge Challenger.
Since a lot of drivers only carry the minimum required liability limits (25/50/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.
Comprehensive coverage (or Other than Collision)
This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things like hail damage, hitting a deer, theft and hitting a bird. The most you'll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Liability coverage will cover damage that occurs to a person or their property that is your fault. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/10 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things like medical services, medical expenses, structural damage, repair bills for other people's vehicles and pain and suffering. How much liability should you purchase? That is your choice, but buy as much as you can afford. Missouri state law requires minimum liability limits of 25/50/10 but drivers should carry more coverage.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage kick in for bills like pain medications, nursing services, X-ray expenses, ambulance fees and rehabilitation expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Persistence will pay off
When you buy St. Louis car insurance online, make sure you don't reduce coverage to reduce premium. There have been many situations where someone dropped physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to get the best coverage possible at the best possible price, but do not skimp to save money.
We just showed you some good ideas how to shop for Dodge Challenger insurance online. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest car insurance rates are with a smaller regional carrier. Some small companies may often insure only within specific states and give getter rates than their larger competitors like Progressive or GEICO.
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