Did you know that Dodge Charger insurance is often more expensive than insurance on comparable four-door sedan muscle cars? However, by selecting the right trim level and avoiding supercharged engines, you can keep your Dodger’s insurance premiums reasonable.
However, by selecting the right trim level and avoiding supercharged engines, you can keep your Dodger’s insurance premiums reasonable. Let’s take a look at some things to think about when shopping for Dodge Charger insurance.
The Dodge Charger is a well-known American sports car that is often considered one of the last great sports sedans. Insuring the 2019 Dodge Charger SXT will cost $4,792 per year, which works out to about $399 per month.
State Farm is the cheapest insurer for this luxury car. A 2019 Dodge Charger SXT is expected to cost approximately $21,284.
Dodge Chargers aren’t the most expensive cars to insure, but they will almost certainly cost you more than a Toyota Camry, which is the national average.
When it comes to auto insurance costs, the type and model of your vehicle can have a big impact.
A powerful car, like a Dodge Charger, costs more than a regular economy car, like a Toyota Camry, and therefore can easily command higher car insurance prices.
How much is the average price of car insurance for the Dodge Charger?
The Dodge Charger is a fun car to drive, but it has higher car insurance rates than other cars in its class.
Overall, the Charger costs $700 more to insure per year than the average car. By insuring your Dodge Charger, you can expect to pay around $173 per month or $2,076 per year.
When you compare the annual cost of the car’s base price of 4% for the United States to the 7.4% for the Dodge Charger with a base price of $27,995, you can see that the Charger has a 3.4% higher insurance cost .
When you compare the market value of a Dodge Charger to the cost of auto insurance over a six-year period, you’ll notice a steady increase.
The auto insurance premiums in the table below indicate a full coverage policy for a 30-year-old male driving a rear-wheel drive Dodge Charger SXT.
Rates were obtained from major insurers in major cities such as New York, Chicago, Dallas, and Los Angeles.
- The annual cost of insurance for a 2014 Dodge Charger with a market value of $11,865 is $4,011.
- The annual cost of insurance for a 2015 Dodge Charger with a market value of $15,267 is $4,178.
- The annual cost of insurance for a 2016 Dodge Charger with a market value of $16,516 is $4,338.
- The annual cost of insurance for a 2017 Dodge Charger with a market value of $17,962 is $4,052.
- The annual cost of insurance for a 2018 Dodge Charger with a market value of $18,590 is $4,615.
- The annual cost of insurance for a 2019 Dodge Charger with a market value of $21,284 is $4,792.
Look for sophisticated safety or driver assistance systems when selecting trim packages and accessories for your Dodge Charger to help minimize your insurance costs.
Expect your insurance rates to go up if you have trim levels or extras that increase the Charger’s power and performance or improve its overall value.
Insuring a Dodge Charger costs $4,406 per year on average. The cost of insurance will vary depending on the model year and value of the car. Newer models are often more expensive, which is why insurance premiums have been rising steadily.
The 2014 Dodge Charger was the cheapest of the cars tested to insure, costing $4,011, or $781 less than the 2019 Dodge Charger.
The cost of insurance for the 2020 Dodge Charger is unknown, although a newer model will likely be more expensive.
The most affordable insurance companies for the Dodge Charger
As we said earlier, insuring a 2019 Dodge Charger SXT with a base price of $21,284 will cost you around $399 per month or $4,792 per year.
When it comes to the most luxurious versions of the Dodge Charger, State Farm has the cheapest rates.
While State Farm has the cheapest Dodge Charger insurance, Allstate is one of the most expensive insurance companies. For the 2019 Charger, Allstate will set you back about $7,528 per year ($2,736 more than State Farm).
Progressive is in the middle, with a monthly premium of $464 (about $65 more than State Farm) and a yearly premium of $5,568.
What is the most expensive Dodge Charger to insure?
Because the 2019 Dodge Charter GT grades are the most powerful of the Charger models, they carry a higher insurance rate.
A car’s price and value increase as more powerful engines, larger tires, beefed-up suspension and steering systems are added, as do its insurance premiums .
The Dodge Charger SXT model has a market value of $33,664, while the ferocious Dodge Charger SRT Hellcat (part of the GT line of Chargers) has a market value of $54,948.
The Dodge Charger GT has a more powerful engine and is more expensive. Different types of trim can have different sets of vehicle features, which can affect the value of the car.
It can also help insurers estimate the cost of a claim in the event of an accident.
Insurance premiums for those who own the 2019 Dodge Charger SXT trim level have increased by $21,284 compared to those who own the 2019 Dodge Charger SXT trim level.
When shopping for a Dodge Charger model in the GT lineup, keep in mind that these more expensive and powerful models come with higher monthly car payments as well as higher insurance rates.
What are the insurance rates for a Dodge Charger compared to other muscle cars?
In general, insurance costs for the 2019 Dodge Charger are higher than other powerful vehicles, averaging $4,792 per year.
However, because the Dodge Charger is the only four-door sports sedan on the market, it’s hard to make a side-by-side comparison.
The same sample driver, a 30-year-old man from a large city who drives a 2019 Dodge Charger STX with an annual rate of $4,792, was used to compare insurance rates with similar muscle cars.
If the same driver drives a 2019 Chevrolet Camaro 1SS, annual insurance costs are around $4,675. The 2019 Dodge Charger is $117 per year, or $9 per month cheaper.
The cheapest comparative rates were on the 2019 Ford Mustang, which had annual insurance premiums as low as $4,378. For our 30-year-old male driver, those numbers translate to $414 less per year and $35 less per month.
Compared to other models, the Dodge Charger has a low cost of insurance. It has been statistically proven to be a high rate of vehicle theft.
The cost of Dodge Charger auto insurance is determined by the insurer you choose. While the average cost of insurance for the model is $1,447 per year, depending on the company you choose, you can spend more or less.
When deciding vehicle insurance premiums for each type of car, insurance companies evaluate a number of factors. Insurance costs are higher for high value car models and those with a high rate of thefts and crashes.
Most insurance providers use factors like car type and theft rate to calculate your costs.