Car Insurance Quotes for a Dodge Challenger in Colorado Springs

Want to learn how to save money and find the cheapest Dodge Challenger insurance in Colorado Springs? Feel like you have an under-performing, overpriced car insurance policy? It’s a common feeling and there are many Colorado Springs consumers feeling the pinch from expensive car insurance.

It’s well known that car insurance companies don’t want policyholders to compare prices from other companies. People who shop around for cheaper rates are highly likely to switch car insurance companies because there is a good chance of finding coverage at a cheaper rate. A recent car insurance study revealed that people who routinely shopped around saved an average of $860 a year compared to people who never compared rates.

If finding discount rates on insurance in Colorado Springs is why you’re reading this, then having an understanding of how to shop and compare coverages can make the process more efficient.

Due to the fact that there are so many choices for buying lower-cost insurance for a Dodge Challenger in Colorado Springs, it is hard for the average consumer to find the best company.

Finding the cheapest car insurance coverage in Colorado Springs can be much easier if you know how to start. Virtually every driver who is looking for cheaper car insurance will be able to lower their premiums. But Colorado vehicle owners do need to understand the way insurance companies calculate your policy premium.

Don’t overlook these Dodge Challenger insurance discounts

Some insurers don’t list the entire discount list very clearly, so the list below gives a summary of some of the best known and also the lesser-known credits that may apply to you. If you don’t get every credit you qualify for, you could be saving more on your insurance.

• Drive Less and Save – Driving fewer miles could qualify for slightly better premium rates than normal.
• Telematics Devices – People who choose to allow companies to study when and where they use their vehicle by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction if their driving habits are good.
• Paperless Signup – A handful of insurance companies will give a small break just for signing your application online.
• Government Employee Discount – Having worked for a branch of the government may reduce rates when you quote Colorado Springs auto insurance with certain companies.
• Save with a New Car – Buying a new car instead of a used Challenger may earn a small discount since newer vehicles are generally safer.
• College Student Discount – Kids who are enrolled in higher education away from home and don’t have a car may be insured at a cheaper rate.
• Payment Discounts – If you pay your bill all at once rather than spreading payments over time you can actually save on your bill.
• Air Bag Discount – Vehicles with factory air bags and/or automatic seat belt systems could see savings up to 30%.

As a sidenote, many deductions do not apply to all coverage premiums. Most cut individual premiums such as medical payments or collision. Just because it seems like you could get a free insurance policy, you’re out of luck.

The chart below shows the comparison of Dodge Challenger insurance prices with and without discounts applied to the policy premium. Data assumes a male driver, a clean driving record, no claims, Colorado state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, multi-car, marriage, and safe-driver discounts applied.

A list of insurance companies and some of their more popular discounts are included below.

• State Farm includes discounts for multiple autos, student away at school, good student, Drive Safe & Save, and accident-free.
• Progressive offers discounts including online quote discount, continuous coverage, online signing, homeowner, multi-vehicle, good student, and multi-policy.
• Travelers offers premium reductions for payment discounts, save driver, home ownership, multi-policy, and IntelliDrive.
• American Family discounts include defensive driver, multi-vehicle, air bags, early bird, good driver, and good student.
• Liberty Mutual has savings for multi-car, new move discount, preferred payment discount, teen driver discount, good student, newly married, and new graduate.

When comparing rates, check with every company which discounts you may be entitled to. Some discounts may not apply to policyholders in every state. To see insurers who offer insurance discounts in Colorado Springs, click here.

It’s important to know that comparing all the rates in your area gives you a better chance of getting the best rates. Not every company does online price quotes, so it’s important to also get prices from them, too.

The companies shown below provide price comparisons in Colorado. In order to find cheaper auto insurance in Colorado, we recommend you click on several of them in order to get a fair rate comparison.

Facts and figures for Dodge Challenger insurance

The information displayed below highlights a range of insurance prices for Dodge Challenger models. Learning as much as possible about how auto insurance prices are formulated can be valuable when making informed purchases.

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in specific garaging location which can revise price quotes greatly.

Deductible analysis

A question often asked by Colorado Springs drivers is which deductible level should you buy. The tables below sum up the price difference when you buy lower versus higher physical damage coverage deductibles. The first data table uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rates do not factor in specific location which can affect premium rates considerably.

We can estimate from the data above that using a $100 deductible costs roughly $47 more each month or $564 a year averaged for all Challenger models than quoting the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 19 months between claim filings, you would more than likely save some money if you choose the higher deductible. The numbers below show how you can do this calculation yourself.

An important thing to remember is that higher deductibles results in more money out-of-pocket when you have a physical damage claim. It will be required that you have some savings in the bank in order to pay the deductible to have repairs made.

The example below highlights how deductible choice and can change Dodge Challenger insurance rates for each age group. The rates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Age-based car insurance rates by gender

The chart below illustrates the comparison of Dodge Challenger insurance premiums for male and female drivers. The data assumes no claims or violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are factored in.

Full coverage rates vs. liability-only in Colorado Springs

The illustration below compares Dodge Challenger insurance costs with full physical damage coverage compared to only buying liability only. Data assumes a clean driving record, no at-fault accidents, $1,000 deductibles, drivers are single, and no other discounts are factored in.

Should you pay for full coverage or liability only?

There is no exact rule of when to exclude comp and collision coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s say your Dodge Challenger settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, you would only receive $8,000 after paying your policy deductible. If premium cost is more than $800 annually for comprehensive and collision coverage, then it could be time to drop full coverage.

There are some circumstances where dropping full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage in place.

Should I contact an insurance agent?

A lot of people still like to buy from a local agent and that can be a great decision A good thing about getting online price quotes is that you can obtain better rates and still choose a local agent.

To help locate an agent, after submitting this short form, the quote information is sent to local insurance agents in Colorado Springs who will give you bids for your insurance coverage. There is no need to contact an agency as quotes are delivered straight to your inbox. You can find the lowest rates AND a local agent. If you wish to get a rate quote from a particular provider, you can always jump over to their website and fill out their quote form.

Finding the right provider needs to be determined by more than just the premium amount. Ask your prospective agent these questions:

• Will they make sure you get an adequate claim settlement?
• How are they compensated?
• If your car is totaled, how to they determine the replacement cost?
• Do they offer rental car reimbursement?
• Is auto insurance their primary focus in Colorado Springs?
• What is the agency’s Better Business Bureau rating?

Insurance agent types

If you want an insurance agent, there are two different agency structures and how they can write your policy. Car insurance agencies can be described as either exclusive or independent.

Exclusive Agents

Agents in the exclusive channel can only write with one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. They are unable to compare other company’s rates so keep that in mind. These agents receive a lot of sales training in insurance sales and that enables them to sell even at higher rates.

Listed below are Colorado Springs exclusive insurance agencies willing to provide rate quotes.

View more Colorado Springs agents

Independent Agents

These type of agents can quote rates with many companies and that enables them to quote your coverage amongst many companies depending on which coverage is best. If your premiums go up, they simply switch companies in-house which makes it simple for you. When searching for an agent, we highly recommend that you include at a minimum one independent agency to have the best price comparison.

The following is a list of independent insurance agents in Colorado Springs who can help you get price quotes.

View more Colorado Springs agents

What is the best auto insurance company in Colorado?

Insuring your vehicle with a high-quality insurance company can be a challenge considering how many companies sell insurance in Colorado Springs. The ranking information shown next can help you select which car insurance companies you want to consider putting your business with.

Top 10 Colorado Springs Car Insurance Companies Overall

1. USAA
2. American Family
3. State Farm
4. The Hartford
5. AAA Insurance
6. GEICO
7. The General
8. Titan Insurance
9. Progressive
10. Mercury Insurance

Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. GEICO
5. Liberty Mutual
6. Progressive
7. Allstate
8. Titan Insurance
9. The Hartford
10. Mercury Insurance

A conclusion for your auto insurance search

When buying insurance coverage, make sure you don’t reduce coverage to reduce premium. There are too many instances where an insured dropped physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your objective should be to purchase plenty of coverage at the best cost while not skimping on critical coverages.

We covered many ways to shop for Dodge Challenger insurance online. The key concept to understand is the more providers you compare, the higher your chance of finding affordable Colorado Springs auto insurance quotes. Consumers could even find that the best price on auto insurance is with some of the smallest insurance companies. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

How to find lower priced Dodge Challenger insurance in Colorado Springs

The easiest way to get affordable Dodge Challenger insurance in Colorado Springs is to do an annual price comparison from providers in Colorado.

• Step 1: Take a little time to learn about auto insurance and the things you can control to prevent expensive coverage. Many factors that cause rate increases such as speeding tickets, careless driving and a negative credit rating can be improved by being financially responsible and driving safely.
• Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for many different companies. Compare rates now
• Step 3: Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you find better rates and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Notify your current company of your decision to cancel your current car insurance policy and submit a signed application and payment to your new carrier. Make sure you place the new certificate verifying coverage in an accessible location in your vehicle.

A good tip to remember is to use similar coverage information on every quote request and and to compare as many auto insurance providers as possible. This helps ensure a fair price comparison and the best price quote selection.

Other learning opportunities

• Child Safety FAQ (iihs.org)
• Who Has Affordable Colorado Springs Car Insurance Rates for Drivers Under 25? (FAQ)
• Who Has Affordable Colorado Springs Car Insurance for Felons? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Chevrolet Traverse in Colorado Springs? (FAQ)
• Who Has Affordable Auto Insurance for a School Permit in Colorado Springs? (FAQ)
• Who Has the Cheapest Car Insurance for Young Drivers in Colorado Springs? (FAQ)
• Safety Belts FAQ (iihs.org)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Understanding Your Insurance Deductible (Insurance Information Institute)