Lower Your 2008 Dodge Magnum Car Insurance Rates

Looking for lower car insurance rates for your Dodge Magnum? Have you fallen victim to overpriced car insurance? Believe me, many consumers feel financially strained by their car insurance policy. With so many options, it can be challenging to pick the best provider.

The purpose of this post is to introduce you to the most effective way to quote insurance. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. Drivers just need to know the most effective way to shop for insurance over the internet.

How to Compare Auto Insurance Costs

There are multiple methods you can shop for 2008 Dodge Magnum auto insurance but one way is less labor-intensive and much quicker. You could waste time driving to local insurance agents in your area, or you could save time and use online quoting to maximize your effort.

Many of the larger companies participate in an industry program that enables customers to submit their information once, and at least one company returns a rated price. This eliminates the need for repetitive form submissions for every auto insurance company. To enter your information into the quoting system, click here to open in new window.

The only drawback to getting quotes like this is you cannot specify which providers you want pricing from. So if you want to select from a list of companies to compare, we have a listing of low cost auto insurance companies in your area. View list of insurance companies.

It’s up to you which method you use, but double check that you are using identical information with each company. If you compare different deductibles it will be next to impossible to make a fair comparison for your Dodge Magnum.

Slick advertising tricks that work

Consumers get pounded daily by advertisements for car insurance savings by companies like Allstate, Geico and Progressive. They all say the same thing about savings if you switch to them.

How can each company claim to save you money? This is how they do it.

All the different companies have a preferred profile for the driver that earns them a profit. An example of a profitable customer could possibly be between 25 and 40, insures multiple vehicles, and drives newer vehicles. A driver who fits that profile gets the lowest rates and is almost guaranteed to pay quite a bit less when switching companies.

Drivers who are not a match for the “perfect” profile will be quoted more money and ends up with business going elsewhere. The ads say “customers who switch” not “everybody who quotes” save money. That’s the way insurance companies can confidently advertise the way they do.

This emphasizes why drivers should compare many company’s rates. It’s impossible to know which company will have the lowest Dodge Magnum insurance rates.

Some factors that can determine what Dodge Magnum insurance costs

An important part of buying insurance is that you know the different types of things that go into determining your car insurance rates. Understanding what determines base rates allows you to make educated decisions that will entitle you to lower car insurance prices.

Listed below are a partial list of the pieces companies use to determine prices.

  • Poor credit can mean higher rates – A driver’s credit score is a large factor in determining your rates. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit ratings. If your credit history is low, you could pay less to insure your 2008 Dodge Magnum by repairing your credit.
  • Too many car insurance claims drive up costs – Insurance companies generally give better rates to people who are claim-free. If you file claims often, you can definitely plan on higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Being married is a good thing – Being married can actually save you money on your car insurance policy. Having a spouse translates into being more responsible it has been statistically shown that drivers who are married are more cautious.
  • Older drivers save more – More mature drivers are more cautious drivers, tend to cause fewer accidents and tend to be better behind the wheel. Teenage drivers are statistically proven to get distracted easily when driving therefore car insurance rates are much higher.
  • Discounts for multiple policies – Some insurers give discounts to people who carry more than one policy. It’s known as a multi-policy discount. Discounts can be five, ten or even twenty percent. Even though this discount sounds good, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible. Drivers may still find better rates by buying insurance from more than one company.

Pay less by taking advantage of discounts

Insurance can cost an arm and a leg, but you can get discounts that you may not even be aware of. Most are applied at the time you complete a quote, but some may not be applied and must be manually applied before being credited. If they aren’t giving you every credit available, you’re paying more than you need to.

  • Driver Safety – Taking a course teaching defensive driving skills could cut 5% off your bill and easily recoup the cost of the course.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.
  • Student in College – Kids in college who are attending college and do not have access to a covered vehicle may be able to be covered for less.
  • One Accident Forgiven – Some insurance companies will allow you to have one accident before raising your premiums if your claims history is clear for a particular time prior to the accident.
  • Lower Rates for Military – Being deployed with a military unit could mean lower rates.
  • Auto/Life Discount – Companies who offer life insurance give a break if you buy life insurance.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less for Magnum coverage than their less cautious counterparts.
  • Drive Less and Save – Fewer annual miles on your Dodge could qualify for lower rates on the low mileage vehicles.
  • Sign Early and Save – Select companies give a discount for switching policies before your current expiration date. It can save you around 10%.
  • New Car Discount – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.

Drivers should understand that most discount credits are not given the the whole policy. Most cut individual premiums such as comp or med pay. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck. Any qualifying discounts will help reduce the cost of coverage.

A partial list of companies that possibly offer these discounts are:

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

Your coverage should be tailored to you

When it comes to choosing the right insurance coverage for your vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different so this has to be addressed. These are some specific questions can aid in determining whether your personal situation will benefit from professional help.

  • Do I have coverage for damage caused while driving under the influence?
  • What is high-risk coverage and where do I buy it?
  • Do all my vehicles need collision coverage?
  • Am I covered when delivering products for my home-based business?
  • How does medical payments coverage work?
  • Am I covered if I hit a deer?
  • Is a new car covered when I drive it off the dealer lot?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.

Specifics of your insurance policy

Knowing the specifics of insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages offered by insurance companies.

Uninsured and underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Comprehensive coverages

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as fire damage, a broken windshield and hitting a bird. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like X-ray expenses, ambulance fees, chiropractic care, dental work and pain medications. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

Collision insurance will pay to fix damage to your Magnum from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as damaging your car on a curb, hitting a mailbox, hitting a parking meter, rolling your car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Liability

Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. This coverage protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like court costs, bail bonds, loss of income and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Better coverage you can count on

We covered many ways to get a better price on 2008 Dodge Magnum insurance. The key thing to remember is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers may even find the lowest premiums are with a smaller regional carrier. They may often insure only within specific states and give getter rates than their larger competitors like Progressive and Geico.

As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. There have been many situations where drivers have reduced full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

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