How Much Does 2006 Dodge Magnum Car Insurance Cost?

Finding the lowest cost car insurance can appear to be problematic for drivers who are new to price shopping on the internet. With such a large choice of online companies available, how are we expected to have a chance to compare every car insurance company to find the lowest price available?

It’s smart to shop coverage around as often as possible because car insurance prices go up and down regularly. Despite the fact that you may have had the lowest rates on Magnum coverage last year you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about car insurance online but you can learn some excellent ideas to buy car insurance cheaper.

Cheap auto insurance quotes with discounts

Buying auto insurance is not cheap, but there may be some discounts that can help lower your rates. Certain reductions will be credited at the time of quoting, but some discounts are required to be specifically requested in order for you to get them.

  • Discount for New Cars – Buying a new car model is cheaper compared to insuring an older model.
  • Bundled Policy Discount – If you have multiple policies and insure them with the same company you could get a discount of at least 10% off all policies.
  • Active Military Service – Having a family member in the military may lower your auto insurance rates slightly.
  • One Accident Forgiven – This isn’t a discount exactly, but a few companies such as Liberty Mutual and Geico may permit one accident before raising your premiums if you have no claims for a particular time prior to the accident.
  • Own a Home – Just being a homeowner can earn you a little savings because owning a home is proof of financial responsibility.

Drivers should understand that most discounts do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like medical payments or collision. Just because it seems like you can get free auto insurance, company stockholders wouldn’t be very happy. But any discount should definitely cut the cost of coverage.

The best auto insurance companies and their offered discounts can be found below.

  • Farm Bureau may include discounts for renewal discount, good student, youthful driver, 55 and retired, safe driver, and multi-policy.
  • Liberty Mutual policyholders can earn discounts including new vehicle discount, teen driver discount, safety features, exclusive group savings, and preferred payment discount.
  • State Farm has discounts for driver’s education, multiple policy, safe vehicle, good driver, and good student.
  • Auto-Owners Insurance discounts include good student, paid in full, multiple vehicles, multi-policy, and safe vehicle.
  • Geico includes discounts for emergency military deployment, multi-policy, seat belt use, good student, federal employee, daytime running lights, and five-year accident-free.
  • SAFECO offers premium reductions for bundle discounts, safe driver, multi-car, accident prevention training, and teen safety rewards.

If you are trying to find low cost auto insurance quotes, ask every company which discounts they offer. Some of the earlier mentioned discounts may not be offered in your state.

Decisions you make can impact your insurance premiums

The best way to find cheaper insurance is to take a look at some of the factors that aid in calculating the rates you pay for insurance. When you know what positively or negatively determines premiums, this allows you to make good choices that could help you find lower premium levels. Lots of factors are used in the calculation when premium rates are determined. Some are obvious like your driving record, but other factors are not as apparent like where you live or how safe your car is.

  • Discounts for married couples – Your spouse may cut your premiums when shopping for insurance. It means you’re more responsible it has been statistically shown that married drivers tend to file fewer claims.
  • Reduce prices by driving vehicles with better crash test results – Safer cars get lower rates. Vehicles engineered for safety reduce occupant injuries and any reduction in injury severity means less claims paid and cheaper rates on your policy. If your Dodge Magnum has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
  • If you don’t need it don’t buy it – There are many extra add-on coverages that can waste your money when buying insurance. Coverage for things like roadside assistance, towing coverage, and Farm Bureau memberships could be just wasting money. They may seem good when deciding what coverages you need, but if you have no use for them consider taking them off your policy.
  • Battle of the sexes – The statistics show that females take fewer risks when driving. However, this does not mean women are better drivers. Both genders get in fender benders in similar percentages, but males have costlier accidents. Men also tend to receive more major tickets like DUI and reckless driving.
  • Driving citations increase costs – Even a single speeding ticket can increase rates twenty percent or more. Attentive drivers tend to pay less for car insurance compared to bad drivers. Drivers who have gotten serious citations like DUI, reckless driving or excessive speeding are required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
  • Age of drivers impacts premiums – More mature drivers tend to be more responsible, tend to file fewer claims , and usually have better credit.Drivers with little experience are known to be easily distracted when driving with friends so they pay higher insurance rates.
  • Alarm systems save money – Buying a car with advanced anti-theft systems can help lower your premiums. Anti-theft features like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help stop vehicle theft.
  • Liability insurance – Liability coverage will afford coverage if you are found liable for causing personal injury or damage in an accident. This coverage provides legal defense coverage which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so drivers should carry high limits.

Tailor your insurance coverage coverage to you

When choosing adequate coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions can aid in determining whether your personal situation could use an agent’s help.

  • What is no-fault insurance?
  • Does my insurance cover my expensive audio equipment?
  • Do I have coverage for damage caused while driving under the influence?
  • How high should deductibles be on a 2006 Dodge Magnum?
  • Do I pay less if my vehicle is kept in my garage?
  • Does coverage extend to a rental car in a foreign country?
  • Do I have coverage if my license is suspended?
  • Do I need medical payments coverage since I have good health insurance?
  • Should I have a commercial auto policy?
  • What is roadside assistance coverage?

If you can’t answer these questions, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form.

The auto insurance bait and switch

State Farm, Geico and Progressive endlessly run ads in print and on television. They all seem to make an identical promise that people will save just by moving to them. How does every company charge you less for car insurance? It’s all in the wording.

All the different companies have an ideal profile for the right customer that will add to their bottom line. A good example of a desirable insured might have to be between the ages of 30 and 45, has never had a claim, and insures a new vehicle. Anybody who fits those characteristics will probably get cheap prices and will save if they switch.

People who do not meet those standards may be required to pay higher premium rates which results in the customer not purchasing. If you listen to the ad wording, they say “customers that switch” not “everybody who quotes” will save that much if they switch. This is how companies can make it sound like they have such great car insurance rates. This illustrates why you need to compare as many free auto insurance quotes as you can. It is just not possible to predict which company will have better rates than you’re paying now.

Specific coverage details

Learning about specific coverages of auto insurance can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability coverages

Liability coverage will cover injuries or damage you cause to a person or their property that is your fault. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability insurance covers things such as medical services, pain and suffering, legal defense fees, emergency aid and attorney fees. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for prosthetic devices, nursing services, chiropractic care and hospital visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Collision coverage

Collision coverage covers damage to your Magnum resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as crashing into a building, hitting a parking meter, sustaining damage from a pot hole and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Comprehensive auto insurance

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like rock chips in glass, hitting a deer, damage from flooding, a tree branch falling on your vehicle and falling objects. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Dodge Magnum.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Quote often and quote early

We’ve covered some good ideas how to shop for 2006 Dodge Magnum insurance online. The key thing to remember is the more companies you get premium rates for, the better chance you’ll have of finding cheap auto insurance. Drivers may discover the most savings is with some of the smallest insurance companies.

Cheaper 2006 Dodge Magnum insurance can be sourced from both online companies and with local insurance agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who may not provide online price quotes and many times these regional insurance providers work with local independent agents.

Drivers leave their current company for any number of reasons including an unsatisfactory settlement offer, not issuing a premium refund, being labeled a high risk driver or lack of trust in their agent. It doesn’t matter what your reason, switching companies can be less work than you think.

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