Automobile

Dodge Charger Insurance

Did you know that the Dodge Charger insurance is generally higher than other four-door sedan muscle cars? However, you can keep your Dodger insurance costs low by choosing the proper trim level and avoiding the super-powerful engines. Let’s look at several factors to consider when looking for Dodge Charger insurance.

How Much Is the Average Price of Car insurance for the Dodge Charger?

While the Dodge Charger is a fun car to drive, this mid-range sedan comes with a higher cost of car insurance rates than other cars in this class. In general, the Charger costs about $700 more per year to insure than the average vehicle. Expect to pay about $173 per month or $2,076 a year when insuring your Dodge Charger. When you compare the annual nation’s cost-to-base car price of 4% to the Dodge Charger’s 7.4% on a base price of $27,995, you can see that the Charger has a 3.4% higher insurance cost.

When you look at a six-year history of Dodge Charger market value versus car insurance costs, you’ll see a steady increase over the years. In the list below, the car insurance costs represent a full-coverage policy for a 30-year old male driving a Dodge Charger rear-wheel-drive SXT trim. The rates were pulled from top insurers in large cities such as Los Angeles, Chicago, Dallas, and New York.

  • 2014 Dodge Charger with a market value of $11,865 has a yearly insurance cost of $4,011.
  • 2015 Dodge Charger with a market value of $15,267 has a yearly insurance cost of $4,178.
  • 2016 Dodge Charger with a market value of $16,516 has a yearly insurance cost of $4,338.
  • 2017 Dodge Charger with a market value of $17,962 has a yearly insurance cost of $4,052.
  • 2018 Dodge Charger with a market value of $18,590 has a yearly insurance cost of $4,615.
  • 2019 Dodge Charger with a market value of $21,284 has a yearly insurance cost of $4,792.

    When choosing the trim and add-on packages to your Dodge Charger, look for advanced safety or driver-assist features to help lower your insurance costs. When you have trim levels or options that increase the power and performance or increase the overall value of the Charger, expect your insurance rates to increase as well.

    Top Features of the Dodge Charger

    The modern Dodge Charger, now in its seventh generation with six trims to choose from, is a four-door muscle-car sedan. No other auto brand offers a four-door muscle car at this time. The original Dodge Charger, released in 1966, was produced as a two-door coupe before being transformed into a sports-car-like powerful four-door sedan.

    The Dodge Charger offers many features that make it an attractive car for those who like driving a fast, powerful, and sophisticated car. The Charger has several powertrain options, including a V-8 engine with an output of 700 horsepower. Drivers enjoy the sporty handling and fine-tuned suspension, as well as a modern and roomy interior. Keep in mind that these features can also make the Dodge Charger more expensive to insure.

    The Dodge Charger is the only four-door muscle car currently made in the United States. The four doors give easy access to the rear seats, and there’s plenty of room for up to five people. However, Dodge also offers the two-door Challenger muscle car if you’re looking for a smaller vehicle. You can also shop from other car manufacturers to see what types of muscle cars they offer to fit your budget and lifestyle.

    The Most Affordable Insurance Carriers for the Dodge Charger

    As we saw previously, the 2019 Dodge Charger SXT with a base price of $21,284 will cost you about $399 a month or $4,792 annually to insure. When choosing the higher luxury trims of the Dodge Charger, State Farm offers the most affordable rates.

    While State Farm offers the lowest rates to insure the Dodge Charger, Allstate is one of the most expensive insurance carriers. If you go with Allstate, expect to pay about $7,528 annually ($2,736 more than State Farm) for the 2019 Charger. In the middle, you’ll find Progressive, which charges about $464 per month (about $65 more than State Farm), or $5,568 annually.

    What Is the Most Expensive Dodge Charger to Insure?

    The 2019 Dodge Charter GT trims come with a higher insurance rate because they are the most powerful of the Charger trims. When you add more powerful engines, wider tires, beefed-up suspension, and steering systems, the price and the value of the car increases, as does your insurance rates. As a comparison of market values, the Dodge Charger SXT trim carries a value of $33,664, while the ferocious Charger SRT Hellcat (part of the GT-line of Chargers) has a market value of $54,948.

    That increase of $21,284 increases the insurance rates substantially over those who own the 2019 Dodge Charger SXT trim level. When shopping for a Dodge Charger trim in the GT Line, make sure to factor in the cost of extra monthly car payments as well as higher insurance rates for these more expensive and powerful trims.

    How Does the Dodge Charger’s Insurance Rates Compare to Other Muscle Cars?

    Generally, the 2019 Dodge Charger insurance rates come in higher than other muscle cars, with an average rate of $4,792 per year. Keep in mind, however, that the Dodge Charger is the only four-door sports sedan on the market, so it’s hard to make a side-by-side comparison.

    Insurance rates were compared to similar muscle cars using the same sample driver, a 30-year-old male living in a large city driving a 2019 Dodge Charger STX with an annual rate of $4,792. If the same driver has a 2019 Chevrolet Camaro 1SS, insurance rates run only about $4,675 annually. That’s only $117 a year or $9 a month less than the 2019 Dodge Charger.

    The cheapest comparison rates were found with the 2019 Ford Mustang, which came in with rates as low as $4,378 per year to insure. Those numbers equal $414 less per year and $35 less per month for our 30-year-old male driver.

    The Dodge Charger is a unique car in the class of muscle cars. Choose your trim level, packages, and optional features wisely to get the best Dodge Charger insurance rates.

    Sources:

    https://www.finder.com/car-insurance/dodge-charger-insurance-rates#

    https://www.valuepenguin.com/dodge-charger-car-insurance

    https://www.thezebra.com/auto-insurance/vehicles/dodge/charger/

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