Insurance rates Dodge Challenger in DenverAre you sick of overpaying and want more affordable Dodge Challenger insurance in Denver? Buying low-cost Denver Dodge Challenger insurance quotes is difficult for drivers who are beginners to quoting and comparing rates and buying insurance on the internet. When there are so many companies in the marketplace, how can drivers be able to compare every company to locate cheaper insurance prices?

Remarkably, a study showed that nearly 70% of consumers kept buying from the same company for at least four years, and just short of a majority have never even compared rates from other companies. Consumers in Colorado can save as much as 35% each year just by getting comparison quotes, but they assume it's a waste of time to save money by comparing rate quotes.

If you are already insured, you will surely be able to reduce the price you pay using these techniques. Quoting and comparing rates for the lowest-priced car insurance in Denver is not as difficult as people think. Although Colorado drivers must learn how big insurance companies determine premium rates and take advantage of how the system works.

Companies offering cheap Dodge Challenger rate quotes in Denver, CO

The companies shown below are our best choices to provide price quotes in Colorado. If several companies are displayed, it's a good idea that you visit several of them to find the most competitive car insurance rates.

Dodge Challenger Insurance Rates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $294 $556 $448 $26 $134 $1,458 $122
Challenger R/T $212 $360 $408 $24 $122 $1,126 $94
Challenger SRT-8 $198 $376 $382 $22 $114 $1,092 $91
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price estimates do not factor in specific location information which can raise or lower insurance rates significantly.

Difference between liability only and full coverage rates

The diagram below examines Dodge Challenger insurance costs with full coverage compared to only the Colorado minimum liability coverage. The costs are based on no claims or driving citations, $250 deductibles, married female driver, and no discounts are factored in.

Are you wasting money on full coverage?

There isn't a steadfast formula for excluding physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let's pretend your Dodge Challenger book value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $4,000 after you pay the deductible. If premium cost is more than $400 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where removing full coverage is not financially feasible. If you haven't paid off your loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Auto insurance deductibles

When comparing auto insurance rates, the most common question is what deductibles to buy. The figures shown below may help to illustrate how much more rates are when you select higher and lower comp and collision deductibles. The first rate table uses a $250 physical damage deductible and the second price grid uses a $500 deductible.

Dodge Challenger insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $342 $538 $396 $24 $118 $1,443 $120
Challenger R/T $376 $620 $396 $24 $118 $1,559 $130
Challenger SRT-8 $412 $702 $396 $24 $118 $1,677 $140
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Dodge Challenger insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Challenger SE $278 $434 $396 $24 $118 $1,250 $104
Challenger R/T $306 $500 $396 $24 $118 $1,344 $112
Challenger SRT-8 $334 $566 $396 $24 $118 $1,438 $120
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in specific location which can decrease or increase prices considerably.

Based on these figures, using a $250 deductible will cost you about $18 more each month or $216 every year than selecting the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at least 14 months between claim filings, you would probably be better off if you decide on a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $250 deductibles: $130
Average monthly premium for $500 deductibles (subtract): - $112
Monthly savings from raising deductible: $18
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

Dodge Challenger insurance costs by gender and age

The diagram below shows the comparison of Dodge Challenger yearly insurance costs for male and female drivers. The prices are based on a clean driving record, no claims, comp and collision included, $1,000 deductibles, drivers are single, and no discounts are factored in.

Lower rate quotes on Dodge Challenger insurance in Denver with these auto insurance discounts

Auto insurance can be pricey, but you may be missing some discounts to help offset the cost. Some of these discounts will be visible at the time you complete a quote, but once in a while a discount must be asked about before being credited.

As a sidenote, most discount credits are not given to your bottom line cost. A few only apply to individual premiums such as liability, collision or medical payments. Despite the appearance that you could get a free auto insurance policy, it doesn't quite work that way. Any amount of discount should definitely cut your overall premium however.

To see a list of providers that can offer you the previously mentioned discounts in Colorado, click this link.

When should I discuss my situation with an agent?

When it comes to coverage, there really isn't a perfect coverage plan. Every situation is different.

These are some specific questions can help discover if you would benefit from professional advice.

If you're not sure about those questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form.

Can't I compare rates from local Denver auto insurance agents?

Some consumers still like to buy from a local agent and that is recommended in a lot of cases The best thing about comparing car insurance online is you can get cheap car insurance rates and still have an agent to talk to.

Find insurance agent in DenverAfter filling out this form (opens in new window), your insurance coverage information gets sent to local insurance agents in Denver who will gladly provide quotes to get your business. There is no reason to leave your computer because quoted prices will be sent directly to your email. You can most likely find cheaper rates AND an agent nearby. If you wish to get a price quote from a specific insurance company, just visit that company's website to submit a rate quote request.

Finding the right insurer requires more thought than just a cheap price quote. Here are some questions you might want to ask.

If you need to find an insurance agent, it helps to know the two types of insurance agents and how they differ in how they can insure your vehicles. Agencies in Denver are either independent agents or exclusive agents.

Exclusive Insurance Agents

Exclusive insurance agents can only provide one company's prices and some examples include Farmers Insurance, Allstate, or State Farm. These agents are not able to provide other company's prices so they have to upsell other benefits. Exclusive agents receive a lot of sales training on their products and sales techniques and that allows them to sell at a higher price point. Consumers often choose to use a exclusive agent mainly due to the brand legacy rather than having the cheapest rates.

Below is a short list of exclusive agencies in Denver who can help you get price quotes.

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Independent Agents

Agents of this type can sell policies from many different companies so they have the ability to put coverage with any number of different companies and find you the best rates. To transfer your coverage to a different company, your policy is moved internally and you stay with the same agent. If you are comparing rate quotes, we recommend you get some free quotes from independent agents in order to compare the most rates. A lot of them also have access to mutual insurance companies that many times have cheaper rates.

Below is a list of independent agents in Denver that are able to give rate quotes.

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Can you really save $461 a year?

GEICO, State Farm and Progressive endlessly run ads in print and on television. All the companies make the same claim of big savings after switching your insurance policy to them. How do they all offer you a better deal on Dodge Challenger insurance in Denver? It's all in how they say it.

Most companies require specific criteria for the type of driver that is profitable for them. For instance, this type of insured might be between 25 and 40, has had continuous coverage, and drives less than 5,000 miles a year. Any person who matches that profile will get low premium rates and therefore will save if they switch.

Potential insureds who don't measure up to this stringent profile may be forced to pay higher prices and the customer buying from a different company. The ads state "drivers that switch" not "everyone who quotes" save that much money. That's why companies can truthfully make the claims of big savings. This really emphasizes why it's extremely important to get Denver car insurance quotes as often as possible. It is impossible to predict which company will fit your personal profile best.

One last note

As you go through the steps to switch your coverage, it's a bad idea to reduce coverage to reduce premium. There are too many instances where an insured cut liability coverage limits only to regret that the few dollars in savings costed them thousands. The aim is to purchase a proper amount of coverage at the best possible price and still be able to protect your assets.

Throughout this article, we presented many ways to lower your Dodge Challenger insurance premium rates in Denver. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Drivers may even discover the most savings is with a small mutual company.

There are still a few companies who may not offer online quoting and many times these smaller providers only sell through independent insurance agencies. Cheaper Dodge Challenger insurance in Denver can be sourced online and from local agencies, and you should compare rates from both to have the best selection.

Much more information about car insurance in Colorado can be found below: