Lower Your 2005 Dodge Magnum Insurance Quotes

Cutting costs on car insurance is always difficult for consumers new to buying insurance online. Drivers have so many options that it can quickly become a ton of work to compare prices.

How to Compare Insurance Costs

Most major insurance companies such as State Farm, Geico and Progressive give prices on their websites. Getting quotes is quite simple as you simply enter your coverage information as detailed in the form. Upon sending the form, the company’s rating system obtains your driving and credit reports and provides a quote.

Quoting online streamlines rate comparisons, but the process of having to visit each company’s website and repetitively enter the same data into a form can get tiresome after awhile. But it’s very important to get many rate quotes if you are searching for better prices.

Rate comparisons made easy

The preferred way to compare rates uses one form that gets price quotes from many companies. It’s a real time-saver, eliminates repetitive work, and makes price shopping online much more enjoyable. As soon as the form is sent, it is rated with multiple companies and you can pick any one of the quotes that you receive.

If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. The entire process can be completed in a matter of minutes and you’ll know if lower rates are available.

To use this form to compare rates, click here to open in new window and enter your information. If you currently have coverage, we recommend you complete the form with the coverages exactly as shown on your declarations page. Using the same limits helps guarantee you’re receiving an apples-to-apples comparison for similar insurance coverage.

Don’t miss out on these money-saving discounts

Car insurance is not cheap, but there could be available discounts that you may not even be aware of. Most are applied when you quote, but lesser-known reductions have to be asked for before you get the savings.

  • Senior Discount – If you’re over the age of 55, you may receive reduced rates on Magnum insurance.
  • Sign Early and Save – Some insurance companies reward drivers for switching to them before your current policy expires. It can save you around 10%.
  • Safe Driver Discount – Insureds without accidents may receive a discount up to 45% less on Magnum insurance than drivers with accident claims.
  • Lower Rates for Military – Being deployed with a military unit may qualify for rate reductions.
  • Passive Restraints and Air Bags – Cars that have air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Good Students Pay Less – This discount can be rewarded with saving of up to 25%. The good student discount can last until age 25.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like liability, collision or medical payments. So when it seems like you can get free auto insurance, insurance coverage companies aren’t that generous. But any discount will help reduce the amount you have to pay.

Car insurance companies that may have some of the above discounts include:

Before buying, ask each company which discounts you may be entitled to. Some discounts might not be offered in your state.

Factors influencing Dodge Magnum insurance rates

An important part of buying insurance is that you know some of the elements that come into play when calculating the price you pay for car insurance. Having a good understanding of what influences your rates allows you to make educated decisions that may reward you with lower car insurance prices.

  • Liability insurance protects assets – Your policy’s liability coverage will protect you if you are found liable for damages caused by your negligence. Liability provides legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Rates may be higher depending on your occupation – Did you know your car insurance rates can be affected by your occupation? Occupations like real estate brokers, business owners and dentists are shown to have the highest average rates because of high stress levels and lengthy work days. Other occupations such as farmers, historians and performers pay the least on Magnum insurance.
  • Your location is important – Residing in a rural area can save you money when talking about car insurance. Fewer people means reduced accidents as well as less vandalism and auto theft. City drivers have traffic congestion and a longer drive to work. More time commuting means higher likelihood of an accident.
  • Never go without insurance – Allowing your coverage to lapse will be a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a license revocation or jail time.You may then be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • Marriage pays dividends – Having a wife or husband can get you a discount on your car insurance policy. Having a spouse translates into being more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Don’t buy coverages you don’t need – There are a ton of extra coverages that can waste your money when buying car insurance. Coverages like personal injury protection, accident forgiveness and membership fees may be wasting your money. These coverages may sound good at first, but your needs may have changed so get rid of them and save.
  • How credit affects car insurance rates – Credit history is a large factor in your rate calculation. So if your credit rating is not that good, you could save money insuring your 2005 Dodge Magnum by improving your credit score. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with lower credit scores.
  • Claim-free discounts can add up – Insurance companies provide lower rates to insureds who do not file claims often. If you tend to file frequent claims, you can expect either higher rates or even cancellation. Car insurance is designed for the large, substantial claims.

Do I need special coverages?

When it comes to buying coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

For instance, these questions can aid in determining whether you would benefit from professional advice.

  • Can my teen drive my company car?
  • Do I need an umbrella policy?
  • What discounts do I qualify for?
  • Should I drop comprehensive coverage on older vehicles?
  • Do I have coverage when pulling a U-Haul trailer?
  • When can I cancel my policy?
  • Am I covered if I crash into my own garage door?
  • Why does it cost so much to insure a teen driver?
  • Do I have coverage if my license is suspended?
  • When should I drop full coverage on my 2005 Dodge Magnum?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Switch companies and save? Really?

Insurance companies such as State Farm, Geico and Progressive consistently run television and radio advertisements. They all seem to have a common claim that you can save if you change your policy. But how can every company make almost identical claims?

All companies have a preferred profile for the right customer that is profitable for them. For instance, a driver they prefer could possibly be between 25 and 40, owns a home, and has excellent credit. A customer getting a price quote that hits that “sweet spot” will get very good rates and therefore will save when they switch companies.

Potential customers who are not a match for the requirements will have to pay higher premiums which usually ends up with the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “people who quote” save money. This is how insurance companies can advertise the savings.

Because of the profiling, it is so important to compare many company’s rates. It’s just too difficult to predict which company will provide you with the cheapest Dodge Magnum insurance rates.

Coverages available on your insurance policy

Knowing the specifics of insurance can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Liability insurance

Liability coverage can cover damage or injury you incur to people or other property. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: 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 $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like attorney fees, pain and suffering, structural damage, repair costs for stationary objects and emergency aid. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like fire damage, damage from a tornado or hurricane, damage from getting keyed, theft and rock chips in glass. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your Dodge Magnum.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Insurance for medical payments

Coverage for medical payments and/or PIP kick in for expenses for funeral costs, X-ray expenses, chiropractic care, ambulance fees and doctor visits. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision insurance will pay to fix damage to your Magnum from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like damaging your car on a curb, colliding with a tree and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Power to the consumer

Consumers change insurance companies for many reasons like policy non-renewal, extreme rates for teen drivers, being labeled a high risk driver and even delays in paying claims. It doesn’t matter what your reason, choosing a new company is pretty easy and you might even save some money in the process.

In this article, we covered many ways to save on 2005 Dodge Magnum insurance. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. You may even discover the lowest priced insurance coverage comes from the smaller companies.

Lower-priced insurance can be found online as well as from independent agents, and you need to price shop both so you have a total pricing picture. Some insurance companies don’t offer you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

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