Find Cheaper Dodge Charger Insurance in Newark

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If you want to save money, the best way to get more affordable auto insurance rates is to compare prices at least once a year from providers in Newark.

  1. Gain an understanding of individual coverages and the steps you can take to lower rates. Many factors that result in higher rates like traffic citations and poor credit can be improved by making minor driving habit or lifestyle changes.
  2. Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can provide prices for a wide range of insurance providers.
  3. Compare the new rates to your existing rates to determine if you can save on Charger insurance in Newark. If you find better rates, make sure there is no lapse between the expiration of your current policy and the new one.
  4. Give proper notification to your current agent or company to cancel your current policy. Submit the completed application along with a down payment to the new company. Once received, put the certificate verifying proof of insurance with the vehicle registration.

One tip to remember is to use the same coverage limits and deductibles on every price quote and and to compare as many companies as you can. This provides a fair rate comparison and the best rate selection.

Insurance quote for Dodge Charger in NewarkIt's an obvious assumption that insurance companies want to keep you from shopping around. Drivers who shop around once a year will most likely move their business because there is a good probability of finding a more affordable policy premium. A recent study showed that consumers who compared rates regularly saved an average of $72 a month compared to those who never shopped for cheaper rates.

If finding the cheapest rates on insurance is your ultimate goal, then having some insight into the best way to quote and compare coverages can help you succeed in finding affordable rates.

If you have insurance now, you will definitely be able to find better prices using these methods. Shopping around for the cheapest protection in Newark is not as hard as you may think. But New Jersey vehicle owners must learn how the larger insurance companies market on the web and use it to your advantage.

First Step: Get free Dodge Charger insurance quotes

The are a couple different ways to compare rate quotes from companies that offer auto insurance in New Jersey. The easiest way to compare Dodge Charger insurance prices is simply to get online rate quotes. When comparing auto insurance rates, know that obtaining a wide range of quotes increases the chance that you will find a better price.

The companies shown below provide free quotes in New Jersey. To locate cheap auto insurance in NJ, we suggest you get price quotes from several of them in order to get a fair rate comparison.

Statistics and details

The coverage information displayed below outlines estimates of prices for Dodge Charger models. Having a good grasp of how insurance policy premiums are calculated is important to be able to make smart choices when comparing insurance rates.

Dodge Charger Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $458 $848 $726 $44 $218 $2,294 $191
Charger $458 $848 $726 $44 $218 $2,294 $191
Charger AWD $458 $848 $726 $44 $218 $2,294 $191
Charger 3.5 AWD $458 $848 $726 $44 $218 $2,294 $191
Charger SXT $458 $848 $726 $44 $218 $2,294 $191
Charger SXT AWD $458 $848 $726 $44 $218 $2,294 $191
Charger Rallye $458 $848 $726 $44 $218 $2,294 $191
Charger R/T $458 $976 $726 $44 $218 $2,422 $202
Charger Rallye AWD $458 $976 $726 $44 $218 $2,422 $202
Charger R/T AWD $504 $976 $726 $44 $218 $2,468 $206
Charger SRT-8 $504 $976 $726 $44 $218 $2,468 $206
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can raise or lower coverage rates greatly.

Deductible comparison

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The following tables sum up the rate fluctuation of buying low and high insurance deductibles. The first data table uses a $250 deductible and the second price grid uses a $500 deductible.

Dodge Charger insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $466 $738 $600 $36 $180 $2,045 $170
Charger $466 $738 $600 $36 $180 $2,045 $170
Charger AWD $466 $738 $600 $36 $180 $2,045 $170
Charger 3.5 AWD $466 $738 $600 $36 $180 $2,045 $170
Charger SXT $466 $738 $600 $36 $180 $2,045 $170
Charger SXT AWD $466 $738 $600 $36 $180 $2,045 $170
Charger Rallye $466 $738 $600 $36 $180 $2,045 $170
Charger R/T $466 $848 $600 $36 $180 $2,155 $180
Charger Rallye AWD $466 $848 $600 $36 $180 $2,155 $180
Charger R/T AWD $514 $848 $600 $36 $180 $2,203 $184
Charger SRT-8 $514 $848 $600 $36 $180 $2,203 $184
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Dodge Charger insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Charger 3.5 $380 $594 $600 $36 $180 $1,790 $149
Charger $380 $594 $600 $36 $180 $1,790 $149
Charger AWD $380 $594 $600 $36 $180 $1,790 $149
Charger 3.5 AWD $380 $594 $600 $36 $180 $1,790 $149
Charger SXT $380 $594 $600 $36 $180 $1,790 $149
Charger SXT AWD $380 $594 $600 $36 $180 $1,790 $149
Charger Rallye $380 $594 $600 $36 $180 $1,790 $149
Charger R/T $380 $684 $600 $36 $180 $1,880 $157
Charger Rallye AWD $380 $684 $600 $36 $180 $1,880 $157
Charger R/T AWD $418 $684 $600 $36 $180 $1,918 $160
Charger SRT-8 $418 $684 $600 $36 $180 $1,918 $160
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in your specific Newark location which can affect insurance rates noticeably.

Using the data above, we can ascertain that using a $250 deductible costs an average of $22 more each month or $264 annually than opting for the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 11 months between claims, you would come out ahead going with the higher deductible. The table below shows the way we made this calculation.

Average monthly premium for $250 deductibles: $174
Average monthly premium for $500 deductibles (subtract): - $152
Monthly savings from raising deductible: $22
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 11 months

An important thing to remember is that higher deductibles means you will have to cover more of the damage yourself when you have a physical damage claim. That will necessitate some extra savings in the event you have to pay the higher deductible.

Violations and accidents raise rates

The illustration below shows how traffic citations and accidents can increase Dodge Charger insurance costs for different age groups. The premiums assume a married male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Yearly auto insurance costs for men versus women

The chart below compares Dodge Charger premium costs for male and female drivers. The prices are based on no claims or violations, full coverage, $250 deductibles, single status, and no additional discounts are factored in.

Do you need full coverage?

The information below shows the comparison of Dodge Charger car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Jersey. The price estimates are based on no violations or claims, $500 deductibles, single status, and no policy discounts are applied.

When to drop comprehensive and collision

There is no set guideline to stop buying comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Dodge Charger replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after paying your deductible. If premium cost is more than $800 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are a few cases where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Three reasons to insure your Dodge vehicle

Even though it's not necessarily cheap to insure a Dodge in Newark, paying for insurance serves a purpose in several ways.

  • Almost all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability if you drive a vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If your Dodge Charger has a lienholder, almost all lenders will force you to have full coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank may buy a policy for your Dodge for a lot more money and require you to fork over for the much more expensive policy.
  • Insurance safeguards both your Dodge and your assets. Insurance will pay for hospital and medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay attorney fees in the event you are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of carrying enough insurance definitely exceed the cost, specifically if you ever have a liability claim. On average, a vehicle owner in Newark is currently overpaying as much as $855 a year so we recommend shopping around at least once a year to save money.

Informed Drivers Know How to Quote Insurance Cheaper

Many factors are used in the calculation when premium rates are determined. Some are pretty understandable such as traffic violations, although some other factors are not quite as obvious like your vehicle usage or how financially stable you are. The best way to find cheaper insurance is to take a look at the different types of things that come into play when calculating your insurance rates. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find big savings.

The items below are some of the most rate-impacting factors insurance companies consider when setting rates.

Five star safety rating saves money - Vehicles with high crash test scores tend to be cheaper to insure. Safer cars reduce the chance of injuries and lower injury rates means less money paid by your insurance company and more competitive rates for policyholders. If the Dodge Charger has at least four stars on Safercar.gov it may cost less to insure.

Rates are affected by your address - Residing in less populated areas of the country has it's advantages when talking about insurance. Urban drivers have more traffic problems and more severe claims. Less people living in that area means a lower chance of having an accident and lower theft and vandalism rates.

Certain jobs raise premiums - Occupational choices like real estate brokers, executives, and stock brokers generally pay the highest rates in part from intense work situations and lots of time spent away from family. On the flip side, occupations like actors, students and the unemployed receive lower rates.

Use but don't abuse your insurance - Companies in New Jersey generally give the lowest premiums to policyholders that do not abuse their auto insurance. If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Your insurance policy is intended for the bigger claims that can't be paid out-of-pocket.

Loss statistics for a Dodge Charger - Insurers analyze claim trends for every vehicle to help calculate premium costs. Vehicles that have higher loss trends will have a higher cost to insure.

The next table shows the historical insurance loss data for Dodge Charger vehicles. For each policy coverage, the loss probability for all vehicles as a whole is equal to 100. Values that are 100 or less suggest a positive loss record, while values that are 100 or greater show a trend for more claims or tendency to have larger claims.

Dodge Charger Insurance Claim Statistics
Specific Dodge 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
BETTER
AVERAGE
WORSE

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

Don't neglect these discounts on Dodge Charger insurance in Newark

Buying car insurance is not cheap, but you may find discounts to help bring down the price. Certain discounts will be applied at the time of quoting, but less common discounts must be manually applied before being credited.Cheaper car insurance with discounts

  • Paperwork-free - Certain larger companies may give you up to $50 for buying your policy online.
  • Good Driver Discount - Insureds who avoid accidents can save as much as half off their rates than their less cautious counterparts.
  • Multi-policy Discount - If you insure your home and vehicles with one company they may give you a discount of 10% to 20% off each policy.
  • Early Signing - Some insurance companies reward drivers for signing up before your current Charger insurance policy expires. It could save around 10% when you buy Newark car insurance online.
  • No Charge for an Accident - This one isn't a discount, but companies like State Farm and Allstate may permit one accident without getting socked with a rate hike with the catch being you have to be claim-free for a set time period.
  • Multiple Vehicles - Buying coverage for multiple cars with one company may reduce the rate for each vehicle.
  • Driver Training Discounts - Successfully completing a course in driver safety could possibly earn you a 5% discount and easily pay for the cost of the class.

A little disclaimer on discounts, most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. Even though it appears it's possible to get free car insurance, companies don't profit that way. But all discounts will positively reduce the premium cost.

The illustration below illustrates the difference between Dodge Charger auto insurance costs with and without discounts being applied to the rates. The price estimates are based on a female driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, multi-policy, claim-free, and safe-driver discounts applied.

The best car insurance companies and their offered discounts include:

  • AAA includes discounts for good student, AAA membership discount, education and occupation, pay-in-full, anti-theft, and good driver.
  • Progressive has discounts for multi-policy, online signing, continuous coverage, online quote discount, good student, and homeowner.
  • State Farm offers discounts for student away at school, accident-free, multiple policy, good driver, and passive restraint.
  • Esurance offers discounts including paid-in-full, multi-policy, anti-theft, multi-car, and Switch & Save.
  • Nationwide may include discounts for accident-free, good student, defensive driving, easy pay, multi-policy, and family plan.

Before you buy a policy, ask all companies you are considering which discounts can lower your rates. Depending on the company, some discounts might not apply in your area. If you would like to choose from a list of insurers who offer online Dodge Charger insurance quotes in Newark, click here to view.

There's no such thing as the perfect insurance policy

When it comes to your policy, there really is no cookie cutter policy. Each situation is unique and a cookie cutter policy won't apply.Higher deductibles save money These are some specific questions could help you determine whether your personal situation would benefit from professional advice.

  • Is a fancy paint job covered?
  • Does coverage follow the driver or the vehicle?
  • What policy terms are available?
  • How do I insure my teen driver?
  • Does every company file a SR-22 automatically?
  • How can I get the company to pay a claim?

If you don't know the answers to these questions, you might consider talking to an agent. If you don't have a local agent, fill out this quick form or click here for a list of insurance companies in your area.

Shop online but buy locally

A lot of people prefer to buy from a licensed agent and that is a personal choice. One of the best bonuses of comparing insurance prices online is the fact that you can find cheap insurance rates and still buy from a local agent. And providing support for neighborhood agents is especially important in Newark.

Insurance agency in NewarkTo help locate an agent, after submitting this quick form, your insurance data is transmitted to participating agents in Newark who want to provide quotes to get your business. There is no need to find an agent on your own as quotes are delivered immediately to your email address. Get lower rates without a big time investment. If you want to quote rates for a specific company, feel free to jump over to their website to submit a rate quote request.

If you prefer to buy insurance from an insurance agent, you must know there are a couple different types of agents and how they operate. Insurance agents may be either independent (non-exclusive) or exclusive.

Independent Insurance Agencies or Brokers

These agents do not have single company limitations and that gives them the ability to insure with a variety of different insurance companies and find the cheapest rate. If prices rise, the business is moved internally and the insured can keep the same agent.

When comparing rates, you will want to contact at least one independent agent so that you can do a thorough price comparison. Most also write with lesser-known insurance companies that may have much lower rates than larger companies.

Featured below is a short list of independent insurance agents in Newark who may be able to give you free insurance quotes.

More Newark agents

Exclusive Insurance Agencies

Agents that choose to be exclusive can usually just insure with one company like Farmers Insurance, State Farm, Allstate, and AAA. These agents are not able to give you multiple price quotes so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable in insurance sales and that enables them to sell even at higher rates. Some consumers prefer to purchase coverage from exclusives mostly because of loyalty to the company and the convenience of having a single billing for all their coverages.

Listed below are exclusive insurance agencies in Newark that can give you price quote information.

More Newark agents

Finding the right insurance agency should depend on more than just the bottom line cost. Any agent in Newark should be willing to answer these questions.

  • How will an accident affect your rates?
  • Will high miles depreciate repair valuations?
  • Is the agency covered by Errors and Omissions coverage?
  • Is assistance available after office hours?
  • Do they feel the quoted coverages are adequate?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?

After getting answers to your satisfaction to your questions and an acceptable price quote, it's possible that you found an insurance agency that will properly service your insurance policy. But remember, you are entitled to cancel coverage for any reason so never feel that you are obligated to any specific company for the entire policy term.

How much can you save?

Lower-priced Dodge Charger insurance in Newark can be purchased from both online companies and also from your neighborhood Newark agents, and you should be comparing both to get a complete price analysis. Some insurance providers may not have internet price quotes and these small, regional companies sell through independent agents.

When shopping online for insurance, it's very important that you do not reduce coverage to reduce premium. Too many times, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at the lowest possible cost, not the least amount of coverage.

Much more information about insurance in New Jersey is located at these links: