Cheap Dodge Charger Insurance in Indianapolis

Inconceivable but true, a large majority of drivers renewed their policy with the same company for over three years, and almost half have never shopped around. Many consumers in the United States could save an average of as much as $859 each year, but they just assume it’s a time-consuming process to find affordable insurance by shopping around.

The best way to get cheaper Dodge Charger insurance in Indianapolis is to compare prices annually from insurance carriers who provide car insurance in Indiana.

First, gain an understanding of individual coverages and the things you can control to keep rates low. Many policy risk factors that are responsible for high rates such as accidents, traffic tickets, and an unfavorable credit rating can be amended by improving your driving habits or financial responsibility.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from one company like GEICO and State Farm, while independent agents can provide rate quotes from multiple insurance companies.

Third, compare the new rate quotes to your existing policy and determine if cheaper Charger coverage is available in Indianapolis. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.

Fourth, notify your current company of your intention to cancel your current car insurance policy and submit the signed application along with the required initial payment for your new policy. When you receive it, put the new proof of insurance paperwork in your vehicle.

An important note is to try to use the same amount of coverage on every quote and and to get price quotes from every insurance company. Doing this ensures an apples-to-apples comparison and a complete rate analysis.

The best way we recommend to compare rate quotes for Dodge Charger insurance in Indianapolis is to know auto insurance companies will pay a fee to compare their rates. To get started, all you need to do is give them some information such as if you require a SR-22, if it has an alarm system, if the car is leased, and coverage limits. That information is instantly sent to insurance carriers in your area and you receive quotes almost instantly.

To start a rate quote now, click here and enter your zip code.

The companies in the list below can provide quotes in Indianapolis, IN. If several companies are displayed, we suggest you visit as many as you can in order to get a fair rate comparison.

Rates and information analytics

The data table shown below outlines a range of insurance prices for Dodge Charger models. Having a good grasp of how auto insurance prices are calculated is important for making informed decisions when comparing rate quotes.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Rates do not factor in specific Indianapolis garaging location which can decrease or increase coverage prices substantially.

Should you raise deductibles?

When shopping for insurance, a common question is what deductibles to buy. The rates shown below help summarize the differences in premium rates of buying low and high insurance deductibles. The first rate table uses a $250 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Price information does not factor in the specific area where the vehicle is garaged which can raise or lower rates considerably.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $25 more each month or $300 a year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 30 months between claim filings, you would most likely save money going with the higher deductible.

Illustration showing the impact of accidents and violations

The information below highlights how speeding tickets and accidents can affect Dodge Charger insurance rates for each different age group. The costs are based on a married male driver, full coverage, $500 deductibles, and no discounts are factored in.

Insurance rates based on gender in Indianapolis

The chart below shows the difference between Dodge Charger yearly insurance costs for male and female drivers. Data assumes no driving violations, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are single, and no policy discounts are applied.

Does full coverage make sense?

The diagram below shows the comparison of Dodge Charger yearly insurance costs with liability coverage only compared to full coverage. The data assumes no violations or accidents, $250 deductibles, drivers are single, and no discounts are applied.

Should you be buying full coverage?

There is no set rule of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s say your Dodge Charger book value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $4,000 after the deductible is paid. If you are paying in excess of $400 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some cases where eliminating full coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Cheaper Indianapolis car insurance rates with discounts

Some providers don’t always advertise every available discount very clearly, so we took the time to find a few of the more well known and the more hidden discounts you could be receiving when you buy Indianapolis auto insurance online. If you’re not getting every credit available, it’s possible you qualify for a lower rate.

• Auto/Life Discount – If the company offers life insurance, you could get a discounted price on car insurance if you buy a life policy as well.
• Discount for Multiple Policies – If you can bundle your homeowners and auto insurance and place coverage with the same company you could get a discount of at least 10 to 15 percent or more.
• Accident Free – Claim-free drivers can save substantially when compared to insureds who have frequent claims or accidents.
• Early Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you can avoid monthly service charges.
• ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control have fewer accidents so companies give up to a 10% discount.
• Renewal Discounts – A few car insurance companies offer discounts for switching companies before your current Charger insurance policy expires. Ten percent is about the average savings.
• More Vehicles More Savings – Having more than one vehicle on a single policy qualifies for this discount.
• Senior Discount – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums.
• Federal Government Employee – Federal government employees could cut as much as 10% off depending on your car insurance provider.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

The information below shows the difference between Dodge Charger insurance premiums with and without discounts applied to the premium. The premiums assume a female driver, no claims or violations, Indiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, claim-free, homeowner, safe-driver, and marriage discounts applied.

A few popular companies and some of their more popular discounts are:

• State Farm may offer discounts for safe vehicle, Steer Clear safe driver discount, student away at school, anti-theft, multiple policy, Drive Safe & Save, and multiple autos.
• American Family may include discounts for Steer into Savings, TimeAway discount, mySafetyValet, bundled insurance, accident-free, and air bags.
• AAA policyholders can earn discounts including pay-in-full, education and occupation, AAA membership discount, multi-car, anti-theft, and good student.
• GEICO offers discounts including emergency military deployment, federal employee, membership and employees, good student, daytime running lights, and anti-lock brakes.
• Mercury Insurance has discounts for annual mileage, location of vehicle, anti-theft, age of vehicle, type of vehicle, and good driver.
• Farmers Insurance offers discounts for homeowner, alternative fuel, switch companies, business and professional, pay in full, teen driver, and distant student.
• Progressive has savings for multi-policy, good student, continuous coverage, homeowner, online signing, and multi-vehicle.

It’s a good idea to ask every prospective company which discounts you may be entitled to. A few discounts may not be available in your area. For a list of companies that offer discounts in Indianapolis, follow this link.

Auto insurance protects more than just your car

Even though Indianapolis Charger insurance rates can get expensive, insuring your vehicle may be required for several reasons.

• The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability in order to be legal. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Charger has a lienholder, almost every bank will require that you buy full coverage to guarantee their interest in the vehicle. If the policy lapses, the lender may insure your Dodge at a much higher rate and require you to reimburse them for the much more expensive policy.
• Auto insurance preserves your Dodge and your assets. It will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance are without a doubt worth the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $865 each year so compare quotes from several companies each time the policy renews to save money.

Buying from insurance agents

Some consumers prefer to have an agent’s advice and that is not a bad decision The best thing about getting free rate quotes online is that you can obtain cheap rate quotes and still have an agent to talk to. Buying from local agencies is still important in Indianapolis.

To help locate an agent, after submitting this simple form, your insurance data is emailed to local insurance agents in Indianapolis that can provide free Indianapolis auto insurance quotes for your business. You won’t need to contact any insurance agencies as quotes are delivered immediately to your email address. You can find better rates and work with a local agent. In the event you want to compare rates from a specific car insurance provider, feel free to jump over to their website and fill out the quote form the provide.

If you are wanting to purchase car insurance from an insurance agent, you need to know there are two different agency structures that differ in how they can insure your vehicles. Car insurance agents in Indianapolis can be described as either exclusive or independent agents depending on their company appointments.

Independent Car Insurance Agents (or Brokers)

Agents that elect to be independent can sell policies from many different companies so as a result can place your coverage with multiple insurance companies depending on which coverage is best. If they quote lower rates, an independent agent can move your coverage and you don’t have to do anything. When comparing rate quotes, we highly recommend that you include rate quotes from several independent agencies to maximize your price options. They also have the ability to place coverage with small mutual carriers which can be an advantage.

Listed below is a short list of independent agents in Indianapolis that can possibly get you price quotes.

• A1 Insurance
  4030 S Emerson Ave E – Indianapolis, IN 46203 – (317) 787-4995 – View Map
• Gregory and Appel Insurance
  1402 N Capitol Ave #400 – Indianapolis, IN 46202 – (317) 634-7491 – View Map
• Walker and Associates Insurance Agency
  7364 E Washington St – Indianapolis, IN 46219 – (317) 353-8000 – View Map

More insurance agents

Exclusive Car Insurance Agents

These agents work for only one company such as Farmers Insurance, State Farm, or Allstate. These agents are unable to provide prices from multiple companies so you need to shop around if the rates are high. Exclusive agencies are well schooled on sales techniques which helps them sell insurance even at higher premiums. Some people will only buy from exclusive agents mostly because of the brand name rather than having low rates.

Shown below is a short list of exclusive agents in Indianapolis willing to provide price quote information.

• Charlotte Adams-Jones – State Farm Insurance Agent
  5034 E 56th St – Indianapolis, IN 46226 – (317) 252-5933 – View Map
• Farmers Insurance
  2229 Martin Luther King Jr St – Indianapolis, IN 46208 – (317) 925-5557 – View Map
• Allstate Insurance: Jorge Herrera
  2346 S Lynhurst Dr Ste 304 – Indianapolis, IN 46241 – (317) 246-7203 – View Map

More insurance agents

Finding the right auto insurance agent needs to be determined by more than just the quoted price. Here are some questions you should ask.

• Do they get extra compensation for selling add-on coverages?
• Is the agent properly licensed in Indiana?
• What insurance companies do they recommend if they are an independent agent?
• Does the agent have professional designations like CIC, CPCU or AIC?
• Does the agent help file claims?
• Do they feel the quoted coverages are adequate?

Car insurance coverages for a Dodge Charger

Learning about specific coverages of insurance helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Comprehensive insurance

This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, hitting a deer and theft. The highest amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like hospital visits, prosthetic devices, ambulance fees, dental work and surgery. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage

Collision protection

This coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims such as sideswiping another vehicle, colliding with a tree, rolling your car, sustaining damage from a pot hole and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible on your Charger in order to get cheaper collision rates.

Auto liability insurance

This will cover damages or injuries you inflict on other people or property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/10 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Another option is one number which is a combined single limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against claims like loss of income, emergency aid, repair bills for other people’s vehicles, legal defense fees and court costs. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford. Indiana requires drivers to carry at least 25/50/10 but drivers should carry higher limits.

The illustration below shows why buying minimum limits may not be high enough to adequately cover claims.

Coverage for uninsured or underinsured drivers

This gives you protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Dodge Charger.

Since many Indiana drivers only carry the minimum required liability limits (which is 25/50/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these limits do not exceed the liability coverage limits.