When you’re shopping for insurance for your Dodge Challenger, comparing quotes and coverage options from several insurance companies is the best way to find a policy that suits your needs.
While it’s important to find a rate that fits your budget, it’s just as important to make sure that the coverage you’re buying is right for your driving habits.
Depending on your lifestyle, you may require insurance that covers you while driving a rental car or traveling outside of the country.
Regardless of what your specific coverage needs are, the price you pay is influenced by several factors that include your age, gender, driving record, and where you live.
Another major element that influences the cost of your insurance is the make, model, and year of your vehicle.
To ascertain whether the quotes you receive are fair, it’s important to understand how insurance companies calculate risk as it relates to your car.
How Much Does Dodge Challenger Insurance Cost, On Average?
When you’re looking to purchase Dodge Challenger insurance, you’ll probably find that each insurance company quotes a different rate.
Some of these rates may seem incredibly low, while others are expensive and may even seem overpriced.
This sometimes happens because each company may put a different emphasis on the data sets that they use to determine rates, or because some companies may be relying on outdated information to calculate your price.
Regardless of which company you purchase your insurance from, there are several factors that are taken into account when determining your premiums.
You can find a breakdown of these items below.
Safety Rating and Damage Threshold
Your vehicle’s safety ratings and damage thresholds are thoroughly looked at by insurance companies when determining your rate.
If your car has low safety ratings, the risk to your insurance provider is higher and in turn, so are your rates.
The Dodge Challenger has been receiving high safety ratings from the National Highway Traffic Safety Administration (NHSTA) in recent years.
These ratings are likely to result in lower insurance rates from most providers.
|Vehicle Name||Overall Rating||Frontal Crash Rating||Side Crash Rating||Rollover Rating|
|2016 Dodge Challenger 2-Door RWD||5 out of 5 stars||4 out of 5 stars||5 out of 5 stars||4 out of 5 stars|
|2017 Dodge Challenger 2-Door AWD||5 out of 5 stars||4 out of 5 stars||5 out of 5 stars||4 out of 5 stars|
|2018 Dodge Challenger 2-Door AWD||5 out of 5 stars||4 out of 5 stars||5 out of 5 stars||4 out of 5 stars|
Comprehensive & Collision Coverage
Insurance providers also consider the overall cash value of your vehicle when they calculate your insurance rates.
The value of your vehicle depends on the make, model, year, and condition.
Kelley Blue Book (BBB) maintains an up-to-date database of current values for most vehicles based on ZIP code.
The examples below are derived from vehicles in good condition and located in ZIP code 90055, which is in Los Angeles, California.
The Fair Purchase Price is based on KBB values, while the Out-the-door Target Price is the total you would pay for each vehicle including extra taxes and fees.
As you can see, the prices vary considerably for the same model.
This can cause premiums to differ greatly among Dodge Challenger owners.
|Vehicle Name||Fair Purchase Price||Out-the-door Target Price|
|2016 Dodge Challenger SXT Coupe||$22,145||$24,871|
|2017 Dodge Challenger SXT Coupe||$22,307||$25,049|
|2018 Dodge Challenger SXT Coupe||$23,000||$25,814|
Claims Frequency & Potential to Cause Damage
The price of your Dodge Challenger insurance policy also depends on how frequently claims are filed by other Dodge drivers and the dollar amount of those claims.
The vehicle’s potential to cause damages to other vehicles, property, and passengers in the event of an accident reflect heavily on the rates you pay for insurance.
Most companies rely on data collected by the Information Institute of Highway Safety (IIHS), which rates vehicles in multiple insurance loss categories.
In the IIHS’s 2015 to 2017 report, the Dodge Challenger was rated “Substantially Better than Average” for Property Damage, Bodily Injury, and Personal Injury.
It was rated “Average” for Collision and “Substantially Worse than Average” for Comprehensive.
The variation in ratings received in this report may affect insurance rates in different ways, depending on how each insurance provider analyzes the information.
If your vehicle comes loaded with the latest safety features, there’s a good chance you’ll qualify for an insurance discount with most top providers.
The latest Dodge Challenger models come equipped with the following safety features:
- Automatic High Beams
- Parkview®Rear Back-up Camera
- Forward Collision Warning
- Adaptive Cruise Control
- Blind Spot Monitoring
Another factor that’s considered by insurance companies is the likelihood that your vehicle may be stolen.
The National Insurance Crime Bureau (NICB) collects theft information from local police agencies and details theft data in its Hot Wheels Report each year.
Recently, the Dodge Challenger has not appeared in this report, which is a factor that positively influences the rate you pay for insurance.
Getting a Quote: What are the Best Companies for Dodge Challenger Insurance?
Comparing quotes from at least three providers is a necessary step that should be taken when shopping for Dodge Challenger insurance.
It’s also important to compare coverage, discounts and the financial strength of each company.
When you do speak with a representative to purchase your insurance, make sure to ask the following questions:
- Do you offer a good driver or accident-free discount?
- Can other family members drive my vehicle under my policy?
- Will I be eligible for further discounts if I pay in full or set up automatic payments?
- Does my coverage continue if I drive outside of the country?
What to Know About Dodge Challenger
Dodge Challenger has been known as an all-American muscle car since 1970.
In recent years, the vehicle has become known for being manufactured to meet strict safety standards.
The Challenger is a high-performance vehicle that’s consistently fun to drive.
Now that you have a good understanding of how Dodge Challenger insurance rates are calculated, you should feel confident that you can secure the best rate and coverage for your vehicle.
*While we make every effort to keep our site updated, please be aware that “timely” information on this page, such as quote estimates, or pertinent details about companies, may only be accurate as of its last edit day. Huntley Wealth & Insurance Services and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.