2008 Dodge Magnum Car Insurance Quotes – 5 Discounts for Cheaper Rates

Searching for cheaper insurance rates for your Dodge Magnum? No sane person looks forward to paying premiums for insurance, in particular when the cost is too high.

There are many insurers to purchase coverage from, and although it’s a good thing to have a selection, it can be more challenging to find the best rates for your vehicles.

Consumers need to get comparison quotes periodically because prices are rarely the same from one policy term to another. Even if you got the best rates for Magnum coverage six months ago there may be better deals available now. Forget all the misinformation about insurance because you’re going to learn the tricks you need to know to find lower rates on insurance.

Earn discounts to get lower-cost car insurance quotes

Some insurers do not list all possible discounts very well, so the following list contains some of the more common in addition to some of the lesser obvious car insurance savings.

  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and will save you 10% or more.
  • New Car Discount – Insuring a new car can cost up to 25% less since newer vehicles have better safety ratings.
  • Payment Discounts – If you pay your bill all at once as opposed to paying monthly you could save up to 5%.
  • Federal Employees – Active or retired federal employment may reduce rates when you quote insurance coverage for Magnum coverage with select insurance companies.
  • Early Switch Discount – A few larger companies allow discounts for renewing your policy before your current policy expires. The savings is around 10%.

As a disclaimer on discounts, some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like collision or personal injury protection. Even though it may seem like you could get a free car insurance policy, insurance companies wouldn’t stay in business.

Popular car insurance companies and their possible discounts are shown below.

  • Progressive offers discounts including online signing, multi-vehicle, multi-policy, homeowner, online quote discount, and continuous coverage.
  • MetLife discounts include good student, claim-free, multi-policy, good driver, and defensive driver.
  • Mercury Insurance offers premium reductions for good driver, multi-policy, anti-theft, multi-car, accident-free, and professional/association.
  • Nationwide has savings for business or organization, multi-policy, accident-free, family plan, Farm Bureau membership, anti-theft, and easy pay.
  • Geico may include discounts for emergency military deployment, military active duty, multi-vehicle, multi-policy, daytime running lights, five-year accident-free, and driver training.
  • AAA policyholders can earn discounts including good student, education and occupation, anti-theft, multi-policy, multi-car, and good driver.

When comparing rates, check with every company to give you their best rates. All car insurance discounts may not apply in your area. To see companies who offer cheap car insurance quotes, follow this link.

Tailor your car insurance coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is no one size fits all plan. Everyone’s situation is unique so this has to be addressed. These are some specific questions might help in determining if your insurance needs would benefit from professional advice.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Does my personal policy cover me when driving out-of-state?
  • Should I bundle my homeowners policy with my auto?
  • Is my nanny covered when driving my vehicle?
  • Does my insurance cover my expensive audio equipment?
  • What is the rate difference between pleasure use and commuting?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.

Specifics of your auto insurance policy

Learning about specific coverages of your auto insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types found on the average auto insurance policy.

Liability – This coverage can cover damages or injuries you inflict on other people or property that is your fault. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers claims like court costs, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as high a limit as you can afford.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Dodge Magnum.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like X-ray expenses, pain medications and doctor visits. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Collision coverages – This coverage pays for 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 like rolling your car, hitting a parking meter and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision) – This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, hitting a bird and hail damage. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Don’t throw your cash in the trash

When buying insurance coverage, never skimp on coverage in order to save money. Too many times, drivers have reduced liability limits or collision coverage only to regret at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy a smart amount of coverage at the lowest possible cost, but don’t skip important coverages to save money.

We just covered a lot of techniques to save on 2008 Dodge Magnum insurance. The key concept to understand is the more rate quotes you have, the better likelihood of getting cheap insurance coverage. Consumers could even find that the biggest savings come from some of the lesser-known companies. Smaller companies can often provide lower rates in certain areas than their larger competitors like State Farm or Progressive.

More affordable insurance coverage is attainable online and from local insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance providers do not provide online price quotes and most of the time these smaller providers work with local independent agents.

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