Are you researching more affordable Dodge Challenger insurance in Columbia? Nobody that owns a car loves paying for auto insurance, especially when the cost is too high.
Sadly, most consumers kept their policy with the same company for well over three years, and virtually 40% of consumers have never compared rates to find lower-cost insurance. With the average premium in South Carolina being $1,430, drivers could cut their rates by nearly 55% a year just by comparing rates, but most undervalue the large savings they would see if they switched to a cheaper policy. You have so many insurers to pick from, and although it's a good thing to be able to choose, more choices can make it harder to find the best rates for Dodge Challenger insurance in Columbia.
Shopping around for cheaper auto insurance in Columbia is not as difficult as people think. If you are insured now or are shopping for new coverage, you can learn to get lower rates and still have adequate protection. Drivers just need to know the best way to quote multiple rates from many companies at once.
The car insurance companies shown below have been selected to offer price quotes in Columbia, SC. If the list has multiple companies, we recommend you visit several of them in order to find the most competitive rates.
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Information does not factor in specific location information which can raise or lower auto insurance rates considerably.
Dodge Challenger liability-only versus full coverage
The information below shows the comparison of Dodge Challenger insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on a clean driving record, no claims, $1,000 deductibles, single female driver, and no discounts are taken into consideration.
Should you pay for full coverage or liability only?
There is no set rule for phasing out physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let's say your Dodge Challenger replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $6,000 after paying your deductible. If you are paying in excess of $600 annually for full coverage, then it could be time to drop full coverage.
There are some conditions where buying only liability insurance is not a good plan. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Auto insurance premiums based on gender
The example below illustrates the difference between Dodge Challenger car insurance rates for male and female drivers. The prices are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Careless drivers pay higher rates
The chart below illustrates how speeding tickets and at-fault accidents drive up Dodge Challenger car insurance costs for each different age category. The information is based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.
Three good reasons to insure your vehicle
Despite the high cost of buying insurance for a Dodge Challenger in Columbia, buying auto insurance may be required for several reasons.
- Just about all states have compulsory liability insurance requirements which means state laws require a minimum amount of liability if you want to drive legally. In South Carolina these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Challenger with a loan, it's most likely the lender will make it a condition of the loan that you have full coverage to guarantee loan repayment. If coverage lapses or is canceled, the bank may buy a policy for your Dodge at a significantly higher premium and require you to pay for the expensive policy.
- Auto insurance preserves your Dodge Challenger and your assets. Insurance will pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers legal expenses in the event you are sued. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance more than offset the price you pay, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $820 a year so compare quotes from several companies at every renewal to be sure current rates are still competitive.
Companies offer many discounts on Dodge Challenger insurance in Columbia
The price of auto insurance can be rather high, but there's a good chance there are discounts that can help lower your rates. Some of these discounts will be visible when you get a quote, but a few must be requested specifically in order for you to get them. If you check and find you aren't receiving every discount available, you could be paying more than you need to.
- Pay Now and Pay Less - If you can afford to pay the entire bill instead of monthly or quarterly installments you can avoid monthly service charges.
- Seat Belt Discounts - Drivers who always wear seat belts and also require passengers to use their safety belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
- Multi-Vehicle Discounts - Having all your vehicles on the same auto insurance policy may reduce the rate for each vehicle.
- Buy New and Save - Buying a new car instead of a used Challenger can save you some money since new vehicles are generally safer.
- Discount for Passive Restraints - Factory air bags and/or automatic seat belt systems can receive discounts up to 30%.
- Military Rewards - Being deployed with a military unit could qualify you for better rates.
Just know that some credits don't apply to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. Despite the fact that it seems like you would end up receiving a 100% discount, companies wouldn't make money that way.
A list of auto insurance companies and a selection of discounts can be read below.
- Progressive may have discounts that include multi-vehicle, online quote discount, good student, multi-policy, continuous coverage, online signing, and homeowner.
- AAA offers discounts including multi-policy, good student, education and occupation, pay-in-full, AAA membership discount, and good driver.
- Farmers Insurance discounts include business and professional, switch companies, homeowner, early shopping, distant student, teen driver, and youthful driver.
- GEICO offers discounts for military active duty, driver training, air bags, daytime running lights, anti-theft, and defensive driver.
- Esurance has discounts for defensive driver, Pac-12 alumni, multi-policy, emergency road assistance, homeowner, paid-in-full, and good student.
- SAFECO policyholders can earn discounts including drive less, anti-lock brakes, accident prevention training, safe driver, bundle discounts, and teen safety rewards.
- State Farm offers premium reductions for good student, passive restraint, good driver, Drive Safe & Save, and driver's education.
It's a good idea to ask every insurance company which discounts you qualify for. Discounts may not apply to policyholders in Columbia.
Your auto insurance coverage should be tailored to you
When quoting and choosing coverage, there really is no one size fits all plan. You are unique.
These are some specific questions may help you determine whether you will benefit from professional help.
- What is the difference between comprehensive and collision coverage?
- Will filing a claim cost me more?
- What if I total my Dodge Challenger and owe more than it's worth?
- What is medical payments coverage?
- Can my teen driver be rated on a liability-only vehicle?
- Are my custom wheels covered?
- Is other people's property covered if stolen from my vehicle?
- What companies insure drivers after a DUI or DWI?
- Am I covered when driving in Canada or Mexico?
- Am I covered when driving a rental car?
If you can't answer these questions but you know they apply to you, you might consider talking to an agent. To find lower rates from a local agent, complete this form. It's fast, free and may give you better protection.
Buying from insurance agents
A lot of people still prefer to buy from a licensed agent and often times that is recommended Professional agents can answer important questions and help file insurance claims. A good thing about getting free rate quotes online is that you can obtain the best rates but also keep your business local. Supporting local agencies is important especially in Columbia.
To make it easy to find an agent, after completing this simple form, your coverage information is sent to participating agents in Columbia that can provide free Columbia auto insurance quotes for your coverage. There is no need to do any legwork due to the fact that quote results will go instantly to you. In the event you want to quote rates from one company in particular, just go to their quote page and complete a quote there.
Choosing a provider needs to be determined by more than just a low price. Ask your prospective agent these questions:
- Does the company use OEM repair parts?
- Which members of your family are coverage by the policy?
- Does the agency provide any after hours assistance?
- Do they assist clients in filing claims?
- How long has their agency been open in Columbia?
- What is the financial rating for the quoted company?
- How often do they review coverages?
- Which companies can they place coverage with?
After you get good answers to any questions you have in addition to an acceptable price estimate, it's a good possibility that you have found an insurance company that is reputable and can properly service your insurance policy. But remember, it's your coverage and you can terminate coverage whenever you want so don't feel that you're stuck with your new company for any length of time.
Knowing the specifics of your policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.
This coverage will cover damages or injuries you inflict on a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Another option is a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as bail bonds, pain and suffering and emergency aid. How much coverage you buy is a personal decision, but it's cheap coverage so purchase as much as you can afford. South Carolina requires drivers to carry at least 25/50/25 but you should consider buying more liability than the minimum.
This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims like colliding with another moving vehicle, backing into a parked car, driving through your garage door, sideswiping another vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible on your Challenger in order to get cheaper collision rates.
This covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as fire damage, falling objects, damage from getting keyed and a broken windshield. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as damage to your Dodge Challenger.
Since a lot of drivers only purchase the least amount of liability that is required (25/50/25 in South Carolina), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages are identical to your policy's liability coverage.
Medical expense coverage
Medical payments and Personal Injury Protection insurance pay for bills for things like rehabilitation expenses, surgery, hospital visits, funeral costs and prosthetic devices. They are used in conjunction with a health insurance program or if you do not have health coverage. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Persistence is the key to cheaper rates
Some insurance companies do not provide online price quotes and usually these small, regional companies prefer to sell through local independent agents. Lower-priced Dodge Challenger insurance in Columbia can be bought online as well as from independent agents in Columbia, so you should compare both to have the best chance of lowering rates.
You just learned a lot of information how to save on Dodge Challenger insurance in Columbia. The key thing to remember is the more companies you get prices for, the better your comparison will be. Consumers could even find that the lowest premium rates come from a small mutual company.
While you're price shopping online, don't be tempted to buy poor coverage just to save money. There are many occasions where an insured cut collision coverage and discovered at claim time they didn't purchase enough coverage. The aim is to buy enough coverage at the lowest possible cost, not the least amount of coverage.
Helpful learning opportunities
- Auto Crash Statistics (Insurance Information Institute)
- Who Has Affordable Car Insurance for Real Estate Agents in South Carolina? (FAQ)
- What is the Cheapest Car Insurance in Myrtle Beach, South Carolina? (FAQ)
- Who Has Affordable Car Insurance Quotes for College Students in South Carolina? (FAQ)
- What Insurance is Cheapest for Drivers with Bad Credit in South Carolina? (FAQ)
- What is the Cheapest Car Insurance in Goose Creek, South Carolina? (FAQ)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- A Tree Fell on Your Car: Now What? (Allstate)