Best Insurance for a Dodge Charger in Miami

Insurance rates Dodge Charger in MiamiThe best way to get low-cost Dodge Charger insurance in Miami is to do an annual price comparison from different companies who can sell car insurance in Florida.

First, try to comprehend coverages and the modifications you can make to prevent expensive coverage. Many rating criteria that result in higher rates such as at-fault accidents, careless driving, and an imperfect credit rating can be remedied by improving your driving habits or financial responsibility.

Second, compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while agents who are independent can provide price quotes from many different companies. Start a quote

Third, compare the new quotes to your current policy to see if a cheaper price is available. If you can save money and make a switch, verify that coverage does not lapse between policies.

Fourth, give notification to your current company of your decision to cancel the current policy and submit the required down payment along with the signed application for your new coverage. As soon as you have the new policy, store the proof of insurance paperwork somewhere easily accessible.

The most important part of shopping around is to try to use the same liability limits and deductibles on each price quote and and to compare as many different insurance providers as possible. Doing this helps ensure an accurate price comparison and maximum price selection.

A recent survey discovered that over 70% of drivers kept their coverage with the same insurance company for more than four years, and practically 40% of insurance customers have never quoted insurance rates at all. With the average insurance premium being $2,160, Florida drivers could save almost $1,130 each year just by shopping around, but they just don’t understand the big savings they would realize if they switch to a new company.

Quoting and comparing rates for cheaper auto insurance coverage in Miami is quite easy. If you are already insured or just want a better rate, you can use these techniques to find the best rates without sacrificing coverage. You just have to understand the most time-saving way to shop their coverage around over the internet.

Compare Miami Dodge Charger insurance price quotes online

The companies in the list below are our best choices to provide quotes in Florida. In order to find cheap auto insurance in Florida, we suggest you get price quotes from several of them in order to get a fair rate comparison.

Statistics and details

The premium information shown next highlights different coverage prices for Dodge Charger models. Learning more about how prices are formulated can assist in making informed decisions when shopping around for a new policy.

Dodge Charger Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $390 $724 $678 $40 $202 $2,034 $170
Charger $390 $724 $678 $40 $202 $2,034 $170
Charger AWD $390 $724 $678 $40 $202 $2,034 $170
Charger 3.5 AWD $390 $724 $678 $40 $202 $2,034 $170
Charger SXT $390 $724 $678 $40 $202 $2,034 $170
Charger SXT AWD $390 $724 $678 $40 $202 $2,034 $170
Charger Rallye $390 $724 $678 $40 $202 $2,034 $170
Charger R/T $390 $832 $678 $40 $202 $2,142 $179
Charger Rallye AWD $390 $832 $678 $40 $202 $2,142 $179
Charger R/T AWD $428 $832 $678 $40 $202 $2,180 $182
Charger SRT-8 $428 $832 $678 $40 $202 $2,180 $182
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate quotes do not factor in specific location information which can impact premium rates substantially.

The diagram below illustrates how choosing a deductible and can impact Dodge Charger insurance costs for different insured age categories. The prices are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.

Gender-based auto insurance rates by age

The diagram below illustrates the comparison of Dodge Charger auto insurance rates for male and female drivers. The premiums assume no claims, a clean driving record, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are applied.

It may be expensive, but it’s not optional

Even though Miami Charger insurance rates can get expensive, maintaining insurance serves an important purpose.

First, most states have minimum liability requirements which means the state requires a specific minimum amount of liability coverage in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you took out a loan on your Dodge Charger, almost every bank will force you to carry insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your Dodge at a more expensive rate and force you to pay for the expensive policy.

Third, insurance safeguards not only your car but also your financial assets. Insurance will pay for medical bills for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance outweigh the cost, especially when you need to use it. The average driver in Florida is overpaying over $855 a year so you should quote your policy with other companies at least once a year to make sure the price is not too high.

Components of Your Dodge Charger Insurance Costs

The best way to find cheaper insurance is to take a look at the rating factors that are used to determine the level of your policy premiums. When consumers understand what impacts premium levels, this enables you to make decisions that could result in big savings.

Shown below are some of the items insurance companies consider when setting rates.

Safer vehicles save money – Vehicles that have high safety ratings are cheaper to insure. The safest vehicles help reduce the chance of injuries in an accident and any reduction in injury severity translates directly to fewer claims and thus lower rates. If your Dodge scored better than four stars on or an “acceptable” rating on you may pay a lower rate.

Accidents are costly – Careful drivers get better rates than bad drivers. Only having one speeding ticket could increase your next policy renewal by twenty percent. Drivers who get severe violations such as DUI or reckless driving may be required to prove financial responsibility with their state DMV in order to continue driving.

The chart below illustrates how speeding tickets and at-fault claims can affect Dodge Charger insurance costs for different age groups of insureds. The premiums assume a single male driver, full coverage, $100 deductibles, and no discounts are applied.

Employer and insurance premiums – Did you know your career choice can influence rates? Occupations such as military generals, social workers, and financial analysts generally pay higher rates than average because of high stress and lots of time spent at work. Other occupations like scientists, engineers and the unemployed receive lower rates.

If you don’t need it don’t buy it – There are quite a few additional extra coverages that can add up on your Charger policy. Coverages like roadside assistance, accident forgiveness, and extra equipment coverage are examples of these. These coverages may sound good when deciding what coverages you need, but if you have no use for them eliminate them to save money.

Fast cars cost more to insure – The performance of the car or truck you drive makes a significant difference in how high your rates are. The lowest base rates are usually found on small economy passenger vehicles, but many other things help determine your insurance rates.

The following chart assumes a married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. The data compares Dodge Charger rates compared to other makes and models that have different risk factors.

Raise your coverage deductibles for better costs – Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your vehicle. Some examples of covered claims are colliding with a building, collision with an animal, and rolling your vehicle. Physical damage deductibles are the amount of money you are willing to pay before your insurance pays a claim. The larger the amount the insured is willing to pay, the lower your rates will be.

Your address can affect price – Living in less populated areas of the country has definite advantages when it comes to insurance. City drivers have more aggressive driving styles and higher rates of accident claims. Fewer drivers means a lower chance of having an accident and lower theft and vandalism rates.

Marriage is a factor – Having a wife or husband may earn you lower rates when buying insurance. It usually means you are more mature and responsible and it’s proven that drivers who are married file infrequent claims.

Loss probability for a Dodge Charger – Auto insurance companies analyze the history of losses as a tool for profitable underwriting. Models that the data determines to have higher number or severity of losses will have higher rates. The table below illustrates the historical insurance loss data for Dodge Charger vehicles.

For each coverage category, the loss probability for all vehicles as a whole is set at 100. Percentage values below 100 represent a good loss history, while percentage values above 100 point to more claims or statistically larger claims.

Insurance Loss Ratings for Dodge Charger Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Charger 2WD 148 142 160 176 178 159
Dodge Charger 4WD 124 129 115 107 110 138
Dodge Charger HEMI 156 106 202 118 127 111

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

These discounts can lower Dodge Charger insurance rates

Companies offering auto insurance don’t always list every discount they offer in a way that’s easy to find, so the list below gives a summary of a few of the more well known as well as some of the hidden credits available to bring down your rates.Discount auto insurance

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability and collision coverage. Even though it appears it’s possible to get free car insurance, it just doesn’t work that way.

The example below compares Dodge Charger car insurance costs with and without discounts applied to the premium. The premiums assume a male driver, no accidents, no driving violations, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-car, marriage, multi-policy, and safe-driver discounts applied.

Large auto insurance companies and a summarized list of policyholder discounts can be found below.

Check with all companies you are considering to apply every possible discount. A few discounts may not apply in Miami. For a list of insurers that offer discounts in Miami, follow this link.

Exclusive versus independent insurance agents

Some people still prefer to get professional advice from a licensed agent and doing that can be a smart decision Experienced insurance agents can make sure you are properly covered and help you file claims. One of the best bonuses of comparing insurance prices online is the fact that drivers can get the lowest rates and still buy from a local agent. And buying from local insurance agents is important especially in Miami.

Miami insurance agentsTo make it easy to find an agent, after completing this quick form, your information is transmitted to agents in your area who can give free rate quotes to get your business. It makes it easy because there is no need to find an agent due to the fact that quote results will go immediately to your email address. If you wish to compare prices from a particular provider, don’t hesitate to navigate to their website and submit a quote form there.

Types of auto insurance agents in Miami

If you prefer to buy auto insurance from a reliable insurance agent, you should know the types of agencies and how they work. Insurance agencies in Miami are classified as either independent or exclusive depending on the company they work for. Either one can write policy coverage, but it’s worth learning how they differ because it can factor into your agent selection.

Independent Agents (or Brokers)

Independent agencies are not employed by any specific company so they can write business through many different auto insurance companies and help determine which has the cheapest rates. If they find a cheaper price, an independent agent can move your coverage without you having to go to a different agency.

When comparing rates, you will definitely want to get insurance quotes from several independent insurance agents for maximum quote selection. Most also write with lesser-known insurance companies who may have lower rates.

Listed below are Miami independent agencies who can help you get price quote information.

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Exclusive Agencies

Agents of this type normally can only provide a single company’s rates and examples are Allstate, State Farm and Farmers Insurance. Exclusive agents cannot provide prices from multiple companies so they have no alternatives for high prices. Exclusive insurance agents are very knowledgeable in insurance sales which helps offset the inability to provide other markets. Consumers often buy insurance from these agents partially due to the brand name and strong financial ratings.

Below are Miami exclusive insurance agents willing to provide price quote information.

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Deciding on an insurance agency requires more thought than just a cheap price. Any agent in Miami should have no problem answering these questions:

If you receive good responses to any questions you have and an affordable coverage quote, you may have just found an insurance agent that is reliable enough to properly service your auto insurance policy. Just remember policyholders can cancel a policy any time you want so don’t feel you’re contractually obligated to any specific agency indefinitely.

Florida auto insurance companies

Finding the highest-rated insurance company is difficult considering how many choices drivers have in Miami. The ranking information below could help you decide which auto insurers you want to consider comparing rates with.

Miami, Florida Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Cover all your bases

When searching for cheaper Miami car insurance quotes, don’t be tempted to skimp on coverage in order to save money. There have been many cases where someone sacrificed full coverage to discover at claim time that it was a big error on their part. Your objective should be to purchase plenty of coverage at the best cost, but do not sacrifice coverage to save money.

Insureds switch companies for many reasons like an unsatisfactory settlement offer, lack of trust in their agent, high prices and extreme rates for teen drivers. Whatever your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

You just read a lot of techniques to lower your Dodge Charger insurance auto insurance rates in Miami. The most important thing to understand is the more price quotes you have, the better likelihood of getting inexpensive Miami car insurance quotes. You may even find the best auto insurance rates are with a smaller regional carrier.

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