Save Money on Dodge Charger Insurance in Denver

Finding cheaper Denver auto insurance quotes online can seem complicated if you are one of the millions of people new to online car insurance quotes. Don’t let that bother you because online price shopping is actually quite simple.

Surprisingly, a recent survey revealed that a large majority of consumers have remained with the same car insurance company for a minimum of four years, and virtually 40% of consumers have never taken the time to shop around. Colorado drivers could save 35% every year, but they feel it’s too difficult to compare other rate quotes.

You need to shop coverage around yearly because car insurance prices change frequently. Despite the fact that you may have had the best deal on Dodge Charger insurance in Denver at your last renewal you will most likely find a better premium rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out one of the easiest ways to find the best coverage while lowering your premiums.

Most major insurance companies like GEICO, State Farm and Progressive provide prices for coverage directly from their websites. Getting Dodge Charger insurance prices online is possible for anyone because it’s just a matter of typing in the amount of coverage you want on the page. Once you submit the form, their rating system will obtain credit information and your driving record and generates a price based on the data you entered.

This simplifies rate comparisons, and it’s also necessary to have as many quotes as possible in order to find the most affordable auto insurance rates.

To get comparison pricing now, take a look at the companies shown below. If you have coverage now, it’s recommended you replicate deductibles and limits exactly as shown on your declarations page. Doing this assures you will be getting a fair comparison based on the exact same insurance coverage.

The car insurance companies shown below have been selected to offer free quotes in Denver, CO. If more than one company is shown, we suggest you click on several of them to get the best price comparison.

Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Premium costs do not factor in the specific area where the vehicle is garaged which can change price quotes noticeably.

Comparison of full coverage and liability-only policies

The example below examines Dodge Charger insurance costs with and without physical damage coverage. The premiums assume no driving violations, no at-fault accidents, $500 deductibles, single female driver, and no other discounts are factored in.

When to stop paying for full coverage

There is no definitive guideline to stop buying full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Dodge Charger claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after the deductible is paid. If you are currently paying more than $400 a year to have full coverage, then it might be time to buy liability only.

There are some circumstances where buying only liability insurance is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Deductible analysis

When comparing car insurance rates, the most common question is how high should the physical damage coverage deductibles be. The comparison tables below help summarize the rate differences between high and low comp and collision deductibles. The first rate estimation uses a $100 deductible and the second pricing table uses a $1,000 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Table data does not factor in garaging location in Denver which can change prices greatly.

Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $43 more each month or $516 annually than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have more than 21 months between claims, you would save more money if you choose a higher deductible.

Insurance protects more than just your car

Despite the high cost of buying insurance for a Dodge Charger in Denver, paying for insurance may be required for several reasons.

First, just about all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability insurance coverage in order to drive the car. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your car has a lien holder, more than likely the lender will force you to carry insurance to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Dodge for a lot more money and force you to pay for the expensive policy.

Third, insurance preserves both your assets and your Dodge Charger. It will also provide coverage for hospital and medical expenses incurred in an accident. As part of your policy, liability insurance also covers legal expenses if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.

The benefits of insuring your Charger more than cancel out the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $750 every year so we recommend shopping around at least once a year to ensure rates are inline.

Do you qualify for discounts on Dodge Charger insurance in Denver?

Not many people think insurance is cheap, but you might already qualify for some discounts that may help make it more affordable. Certain discounts will be triggered automatically when you complete an application, but some discounts are required to be inquired about prior to getting the savings.

• Discount for Low Mileage – Low mileage vehicles could earn lower prices due to less chance of an accident.
• Air Bag Discount – Options like air bags and/or automatic seat belt systems may get savings of more than 20%.
• Driver Safety – Taking time to complete a course in defensive driver could save 5% or more and make you a better driver.
• Clubs and Organizations – Participating in a qualifying organization could earn you a nice discount on your next car insurance statement.
• Discounts for New Vehicles – Adding a new car to your policy can cost up to 25% less since newer models are generally safer.

Consumers should know that some credits don’t apply to the whole policy. A few only apply to specific coverage prices like medical payments or collision. Even though it appears all those discounts means the company will pay you, it just doesn’t work that way.

Insurance companies that may offer policyholders most of the discounts above include:

• Farm Bureau
• Liberty Mutual
• State Farm
• Auto-Owners Insurance
• GEICO
• SAFECO

It’s a good idea to ask each company or agent how many discounts you can get. Some discounts listed above may not apply in your area. If you would like to see a list of insurers that offer many of these discounts in Colorado, click here.

Comparing rates from local Denver car insurance agents

A lot of people would rather talk to an insurance agent and that is not a bad decision The best thing about comparing rate quotes online is you can get cheap rate quotes and still choose a local agent. Putting coverage with local insurance agents is still important in Denver.

After completing this quick form, the coverage information is transmitted to participating agents in Denver who will give competitive quotes to get your business. There is no reason to search for an agent since rate quotes are delivered to you directly. You can most likely find cheaper rates AND a local agent. If you want to get a rate quote from a specific company, feel free to visit that company’s website and give them your coverage information.

Two different types of car insurance agents

If you are wanting to purchase auto insurance from a reliable insurance agent, there are two types of insurance agents that differ in how they can insure your vehicles. Auto insurance agencies can be classified as either exclusive or independent (non-exclusive).

Independent Auto Insurance Agents (or Brokers)

These agents are not employed by one company and that enables them to quote your coverage through lots of different companies and find the cheapest rate. If you want to switch companies, your agent can switch companies which requires no work on your part.

If you need lower rates, you need to get several quotes from independent agents to have the best price comparison. Most can insure with small mutual carriers that can offer cheaper rates than bigger companies.

Listed below is a list of independent insurance agencies in Denver that may be able to provide free price quotes.

• All Insurance Agency
  67 Knox Ct – Denver, CO 80219 – (303) 935-3661 – View Map
• Moody Insurance Agency
  8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600 – View Map
• Longevity Insurance Brokers
  100 Fillmore St – Denver, CO 80206 – (720) 209-4598 – View Map

View more Denver agents

Exclusive Agencies

These agents can usually just insure with one company like American Family, State Farm, and Allstate. Exclusive agents are unable to provide rate quotes from other companies so it’s a take it or leave it situation. Exclusive insurance agents are well trained on the products they sell and that allows them to sell at a higher price point. Consumers sometimes buy from the same agent for years mainly due to the prominence of the brand and strong financial ratings.

Listed below are exclusive insurance agencies in Denver that are able to give price quotes.

• American Family Insurance – Matthew Ditzenberger
  1485 S Colorado Blvd #300c – Denver, CO 80222 – (303) 756-8038 – View Map
• Stephanie Sponder – State Farm Insurance Agent
  671 E 19th Ave – Denver, CO 80203 – (303) 744-0757 – View Map
• Beth Bales – State Farm Insurance Agent
  3650 S Yosemite St #408 – Denver, CO 80237 – (303) 993-2727 – View Map

View more Denver agents

Picking a insurance agent requires more thought than just the bottom line cost. Agents should be asked these questions:

• Is their price quote a firm figure or are their hidden costs?
• Do they prorate repair cost based on vehicle mileage?
• What company do they have the most business with?
• Do they make recommendations based only on price?
• Can glass repairs be made at your home?
• How many years of experience in personal auto insurance do they have?
• Are they involved in claim handling?

It’s not one size fits all

When choosing the right insurance coverage for your personal vehicles, there really is no one-size-fits-all type of policy. Everyone’s situation is unique.

These are some specific questions may help you determine if your situation could use an agent’s help.

• How can I get high-risk coverage after a DUI?
• Is a driver training discount available?
• Should I drop comprehensive coverage on older vehicles?
• Which companies are cheaper for teen drivers?
• Can my teen drive my company car?
• What is the difference between personal and commercial auto insurance policies?
• Am I covered when driving a rental car?

If it’s difficult to answer those questions, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form.

Cheaper coverage is out there

You just learned some good ideas how to shop for Dodge Charger insurance online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even be surprised to find that the most savings is with a smaller regional carrier.

Cheap Dodge Charger insurance in Denver is available on the web in addition to many Denver insurance agents, and you should compare rates from both in order to have the best chance of saving money. There are still a few companies who do not offer rates over the internet and most of the time these small, regional companies prefer to sell through local independent agencies.

Consumers leave their current company for a number of reasons such as not issuing a premium refund, delays in paying claims, high rates after DUI convictions or an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding a new company is not as hard as you think.

Other articles

• What to do at the Scene of an Accident (Insurance Information Institute)
• Who Has Affordable Denver Car Insurance with Multiple Speeding Tickets? (FAQ)
• Who Has Affordable Denver Auto Insurance Quotes for a Toyota Camry? (FAQ)
• How Much is Auto Insurance for Uber Drivers in Denver? (FAQ)
• Teen Driver Statistics (Insurance Information Institute)
• Vehicle Safety Ratings (iihs.org)
• How Can I Save Money on Auto Insurance? (Insurance Information Institute)
• Shopping for a Safe Car (Insurance Information Institute)