2007 Chrysler 300 Insurance Rates

Want cheaper insurance coverage rates for your Chrysler 300? No car owner likes buying insurance coverage, especially when they know they could find better rates elsewhere. There are many insurance companies to insure vehicles with, and though it is a good thing to have a choice, it can be more challenging to find the best rates.

Choosing the best insurance company for you is quite easy. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Drivers just need to know the best way to compare prices on the web.

Insurance price influencing factors

Many different elements are used in the calculation when you get a price on insurance. Some are obvious such as traffic violations, although others are less apparent like your continuous coverage and annual miles driven.

  • Lower rates by increasing comp and collision deductibles – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your Chrysler. Some examples of claims that would be covered would be a broken windshield, hitting a deer, and rolling your vehicle. Comp and collision deductibles define how much you are willing to pay out-of-pocket in the event of a claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be for 300 coverage.
  • Obey driving laws and save – Having a single citation may cause rates to rise by as much as twenty percent. Attentive drivers pay less for auto insurance than bad drivers. Drivers who have received serious citations like DUI or willful reckless driving are required to file a proof of financial responsibility form (SR-22) with their state in order to continue driving.
  • Additional coverages that may be costing you – Policies have extra add-on coverages that you can buy if you aren’t careful. Coverages for personal injury protection, towing coverage, and membership fees are examples of these. These may sound like a good investment when you first buy your policy, but your needs may have changed so consider taking them off your policy.
  • Your vocation is a factor – Did you know your job can affect your rates? Occupational choices like military generals, social workers and medical professionals tend to pay higher premiums than the average policyholder because of stressful work requirements and lots of time spent away from family. Conversely, occupations such as actors, athletes and performers generally pay rates lower than average for 300 coverage.
  • Being married can save you money – Your spouse may earn you lower rates on your insurance coverage policy. It generally demonstrates drivers are more mature than a single person and statistics prove drivers who are married are more cautious.

Verify you’re receiving every discount

Companies that sell car insurance don’t always publicize every discount very clearly, so here is a list both well-publicized and the harder-to-find credits available to lower your premiums when you buy insurance coverage online.

  • Organization Discounts – Joining a civic or occupational organization could earn you a nice discount when shopping for insurance.
  • Seat Belts Save – Drivers who require all vehicle occupants to fasten their seat belts could cut 10% or more on medical payment and PIP coverage.
  • Pay Now and Pay Less – By making one initial payment instead of monthly or quarterly installments you can avoid the installment charge.
  • Discounts for Responsible Drivers – Insureds who avoid accidents may save up to 50% more for 300 coverage than drivers with accident claims.
  • Discounts for Multiple Vehicles – Drivers who insure more than one vehicle with one company can reduce rates for all insured vehicles.
  • Driving Data Discount – Policyholders that allow driving data submission to study their driving habits by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they are good drivers.
  • College Student – Older children who attend college more than 100 miles from home and don’t have a car may qualify for this discount.

A little note about advertised discounts, some of the credits will not apply the the whole policy. Some only reduce the cost of specific coverages such as liability and collision coverage. So even though you would think you could get a free insurance policy, it doesn’t quite work that way. Any amount of discount will bring down your overall premium however.

A partial list of companies that have some of the discounts shown above include:

Check with all the companies which discounts can lower your rates. Some of the earlier mentioned discounts may not be available in your state. To view companies with the best insurance discounts, click this link.

When should I discuss my situation with an agent?

When choosing coverage, there really is no one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether or not you would benefit from an agent’s advice.

  • Can I make deliveries for my home business?
  • I have a DUI can I still get coverage?
  • How many claims can I have before being cancelled?
  • Will filing a claim cost me more?
  • Does medical payments coverage apply to all occupants?
  • Who is covered when they drive my 2007 Chrysler 300?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Educate yourself about insurance coverages

Learning about specific coverages of your insurance policy aids in choosing appropriate coverage for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. These are typical coverages found on the average insurance policy.

Collision – Collision coverage covers damage to your 300 caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like hitting a parking meter, scraping a guard rail, rolling your car and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Comprehensive or Other Than Collision – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as a tree branch falling on your vehicle, hail damage, damage from a tornado or hurricane, fire damage and hitting a bird. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical costs insurance – Med pay and PIP coverage pay for expenses for nursing services, EMT expenses, prosthetic devices and hospital visits. The coverages can be used in conjunction with a health insurance plan or if you do not have health coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Liability auto insurance – This provides protection from injuries or damage you cause to a person or their property. It protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against claims like funeral expenses, medical services, emergency aid, attorney fees and repair bills for other people’s vehicles. How much coverage you buy is your choice, but you should buy as large an amount as possible.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Chrysler 300.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.

A fool and his money are soon parted

A few companies do not provide the ability to get a quote online and many times these smaller companies only sell coverage through independent agencies. Cheaper insurance coverage can be sourced both online in addition to local insurance agencies, so you need to compare both so you have a total pricing picture.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. There have been many cases where an insured cut full coverage only to regret that it was a big mistake. The aim is to find the BEST coverage for the lowest price but still have enough coverage for asset protection.

More tips and info about insurance coverage can be read at these sites: