Cheap 2005 Dodge Magnum Car Insurance Rates

Trying to find lower insurance coverage rates for your Dodge Magnum? Are you overwhelmed by the sheer number of insurance coverage providers? Many other drivers are as well. Vehicle owners have such a vast assortment of providers available that it can be a difficult situation to locate the lowest insurance coverage rates.

Are you earning every discount?

Companies that sell car insurance don’t always publicize every possible discount very well, so the next list breaks down a few of the more common and the more hidden credits that may apply to you.

  • Seat Belts Save more than Lives – Requiring all passengers to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Employee of Federal Government – Having worked for a branch of the government may reduce rates when you quote auto insurance for Magnum coverage with some auto insurance companies.
  • Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
  • Save with More Vehicles Insured – Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
  • Discounts for Cautious Drivers – Accident-free drivers could pay up to 40% less for Magnum coverage than drivers with accidents.
  • Distant Student Discount – Any of your kids who attend college more than 100 miles from home and leave their car at home could qualify for this discount.
  • Telematics Discount – Insureds that choose to allow companies to track vehicle usage by using a telematics device such as Progressive’s Snapshot might see lower rates if they have good driving habits.
  • Paper-free Discount – Certain companies will give you a small discount for completing your application on the internet.
  • Home Ownership Discount – Owning a house can help you save on auto insurance because owning a home demonstrates responsibility.

A little disclaimer on discounts, most discount credits are not given the the whole policy. The majority will only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like adding up those discounts means a free policy, companies don’t profit that way.

A list of auto insurance companies and some of the discounts are shown below.

  • State Farm offers discounts including good driver, accident-free, anti-theft, multiple autos, multiple policy, and driver’s education.
  • Geico offers discounts for multi-policy, driver training, multi-vehicle, emergency military deployment, and anti-lock brakes.
  • Allstate policyholders can earn discounts including premier discount, EZ pay plan discount, auto/life discount, new car, premier plus, FullPay discount, and 55 and retired.
  • SAFECO has discounts for homeowner, anti-lock brakes, teen safety rewards, teen safe driver, safe driver, and drive less.
  • Farm Bureau discounts include renewal discount, driver training, safe driver, youthful driver, good student, multi-policy, and multi-vehicle.
  • Progressive may have discounts that include continuous coverage, online quote discount, online signing, multi-vehicle, and good student.
  • AAA offers premium reductions for multi-policy, AAA membership discount, pay-in-full, education and occupation, anti-theft, and good student.

If you want low cost auto insurance quotes, ask every company what discounts are available to you. Some of the discounts discussed earlier may not apply to policies everywhere. For a list of providers that have a full spectrum of discounts, click this link.

Why your insurance prices might be higher

Lots of factors are part of the calculation when you get your auto insurance bill. Some of the criteria are obvious like your driving record, but others are not as apparent such as whether you are married or how financially stable you are.A large part of saving on insurance coverage is knowing the factors that play a part in calculating your insurance coverage rates. If you understand what determines premiums, this enables informed choices that could help you find lower rates.

The items below are some of the things utilized by car insurance companies to help set your prices.

  • Incidental coverages could be costing you – There are a lot of add-on coverages that can waste your money but may not be useful. Coverages like replacement cost coverage, towing coverage, and term life insurance could be just wasting money. They may sound like good ideas when buying your policy, but your needs may have changed so remove them from your policy.
  • Maintain insurance coverage coverage – Having an insurance coverage lapse is a fast way to increase your insurance coverage rates. And not only will your rates increase, not being able to provide proof of insurance will get you fines or a revoked license.
  • Five star safety rating saves money – Vehicles with good safety scores can get you lower premiums. The safest vehicles reduce occupant injuries and any reduction in injury severity translates directly to fewer claims which can result in lower premiums. If your Dodge Magnum earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Big city or small town – Living in less populated areas can be a good thing if you are looking for the lowest rates. City drivers tend to have more road rage incidents and longer commute times. Less people means less chance of accidents and a lower car theft rate.
  • Cautious drivers have lower costs – Getting just one ticket may cause rates to rise twenty percent or more. Drivers who don’t get tickets get better rates as compared to careless drivers. Drivers who get careless violations such as hit and run, DWI or reckless driving convictions may be required to complete a SR-22 with their state DMV in order to keep their license.
  • Qualify for multi-policy discounts – Lots of insurance companies provide discounts for people who carry more than one policy in the form of a multi-policy discount. This can amount to five, ten or even twenty percent. Even with this discount, you still need to shop around to confirm you are receiving the best rates possible.

When in doubt talk to an agent

When choosing the right insurance coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is unique.

These are some specific questions can help discover if your situation may require specific advice.

  • What are the financial responsibility laws in my state?
  • Does having multiple vehicles earn me a discount?
  • How can I get my company to pay me more for my totalled car?
  • Is my camper covered by my car insurance policy?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Do I need special endorsements for business use of my vehicle?
  • Does insurance cover tools stolen from my truck?
  • Does my insurance cover a custom paint job?
  • Should I buy full coverage?
  • Is other people’s property covered if stolen from my vehicle?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Auto insurance coverage specifics

Having a good grasp of your auto insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Medical costs insurance

Med pay and PIP coverage kick in for immediate expenses like nursing services, chiropractic care, surgery and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as hitting a deer, a broken windshield, damage from a tornado or hurricane and theft. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Dodge Magnum.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.

Coverage for collisions

This coverage will pay to fix damage to your Magnum caused by collision with an object or car. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things such as backing into a parked car, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Liability coverages

This will cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as repair costs for stationary objects, funeral expenses, medical services and court costs. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Make a quick buck

People who switch companies do it for a number of reasons such as delays in responding to claim requests, lack of trust in their agent, denial of a claim and even not issuing a premium refund. It doesn’t matter why you want to switch finding a new company is easier than you think.

Budget-friendly auto insurance is definitely available on the web as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money. A few companies may not offer online rate quotes and many times these smaller companies sell through local independent agents.

When trying to cut insurance costs, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced liability limits or collision coverage only to discover later that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage at a price you can afford, but do not sacrifice coverage to save money.

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