Insuring a vehicle is a must to protect yourself and those around you on the road. Certain makes and models are more expensive, which means they cost more to insure. If you drive a Dodge Challenger, it may be helpful to understand what you might expect to pay for insurance.
What Is the Best Way to Find Out How Much Dodge Challenger Insurance Rates Might Cost?
The easiest and most efficient way to find out how much Dodge Challenger owners are paying for car insurance is to look at average rates.
What Factors Affect Car Insurance Rates?
Several of the key factors that impact the cost of car insurance include your driving history, where you live and park your vehicle, and your age.
What Impacts the Cost of Dodge Challenger Insurance?
When looking at the factors that impact the cost to insure a Dodge Challenger specifically, it’s important to note that the model year or vehicle age is not necessarily a significant factor. The cost does fluctuate slightly between model years, but the vehicle’s age did not directly correlate with the insurance premium. For example, the average rate for a 2020 Challenger was $1692 per year, while the average rate for a 2010 Challenger was $1364, marking only $328 in savings for a 10-year difference in age.
The age of the driver does factor into what you pay for car insurance, although that isn’t specific to those who drive Dodge Challengers. According to Value Penguin, a driver who is 30 years old and drives a Challenger pays about $74 more than a driver of the same vehicle who is 40 years old. Your location can impact what you pay to insure your Challenger as well. Finder.com reports that drivers living in Houston, Texas, pay an average of $1247 more than a driver who resides in Columbus, Ohio.
One of the most significant factors impacting your auto insurance cost for a Dodge Challenger is your previous driving history. Drivers between the ages of 20 and 29 with driving violations on their records see the largest increase in rates. If your Challenger has certain safety features, your insurance cost may go down. Car Insurance Comparison data shows that the model and trim level of the Dodge Challenger you drive impacts the total cost of insurance. Trim levels and models that are more powerful are more expensive to insure.
The cost to insure a Dodge Challenger is also impacted by the vehicle’s safety ratings. Below you can review the safety ratings of one model presented by the Insurance Institute for Highway Safety (IIHS):
- Small overlap front driver-side crash: Marginal.
- Moderate overlap front crash: Good.
- Side crash: Good.
- Roof strength: Acceptable.
- Head restraints and seats: Acceptable.
The IIHS did not report findings for small overlap front passenger-side crash.
In crash test ratings performed and reported by the National Highway Traffic Safety Administration (NHTSA), the Dodge Challenger rated fairly high, which helps to lessen the cost of auto insurance on this particular vehicle. Between 2016 and 2019, the base trim level of the Challenger scored a five-star overall crash rating, with four- and five-star ratings on frontal and rollover crashes.
The Challenger SRT 2 DR RWD models from 2020, 2019, 2018, 2017, and 2016 have no reported ratings. The 2018 Dodge Challenger SRT Demon 2 DR RWD also has no NHTSA reported ratings. The NHTSA awarded the base models of the 2014, 2016, 2018, and 2019 Dodge Challenger with five-star overall safety ratings, which is the highest available score.
Is Shopping Around Important?
When obtaining car insurance, it is always best to request and review several quotes. Comparing insurers helps you get lower rates.
What Is the Average Cost of Insurance For a Dodge Challenger?
Based on data presented by BuyAutoInsurance.com, the average cost to insure a Dodge Challenger in the United States is $1692 per year, which breaks down to approximately $141 each month.
Breaking down the cost by included coverage and model year shows that the price does go down with each model year, although the difference is not substantial. The price for comprehensive coverage ranges between $260 and $404, while collision costs between $400 and $688 per year. Liability coverage will cost between $420 and $524 per year. The total for coverage on a 2020 Dodge Challenger costs approximately $1692. The cost decreases slightly between model years, with a 2011 Challenger coming in at an average of $1396 per year to insure, including comprehensive, collision, and liability coverage.
How Much Do Teen Drivers Pay?
Since the age of the driver is a significant factor in determining auto insurance rates, teenage drivers pay the highest rates on Dodge Challenger models. A teen driver could pay as much as $6184 a year, although teenagers with demonstrated driving skills may pay as little as $994 per year.
What Is the Cost of Liability Insurance for a Dodge Challenger?
Some insurance companies offer liability-only coverage, which will cost an average of $678 per year on a Dodge Challenger. This breaks down to about $57 per month.
Is Insurance on a Dodge Challenger More Expensive than Average Vehicles?
According to reported insurance costs, the price to insure a Dodge Challenger is approximately $173 more annually than the price to insure an average vehicle.
Are Dodge Challengers Expensive to Insure?
BuyAutoInsurance.com also compares the cost to insure a Dodge Challenger to the cost to insure other similar coupes, including the MINI Hardtop two-door, Nissan 370Z, and Audi S5. Including comprehensive, collision, and liability coverage, the average cost for the Nissan comes in at $1676, while the Audi costs approximately $1814 to insure. A MINI Hardtop two-door is cheaper, with an average insurance rate of $1292 per year. Other similar models reported include the Cadillac ATS coupe at $1586 per year, the Infiniti Q60 at $1682 per year, and the Audi TT at $1652 per year.
How Much Does Dodge Challenger Insurance Cost Per Insurance Company?
The Zebra reports that Progressive offers the most affordable coverage for Dodge Challengers. The average cost is $1,135 for six months of coverage.
Sources:
https://www.buyautoinsurance.com/dodge-challenger-insurance-rates/
https://www.valuepenguin.com/dodge-challenger-car-insurance
https://www.thezebra.com/auto-insurance/vehicles/dodge/challenger/
https://www.finder.com/car-insurance/dodge-challenger-insurance-rates
https://www.carinsurancecomparison.com/car-insurance-rates-for-a-dodge-challenger/
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