2014 Chrysler 300 Car Insurance Rates – 8 Savings Tips

Being forced to pay for expensive auto insurance premiums can diminish your budget and possibly require postponing other expenditures. Performing a price comparison can be a smart way to make sure you’re not throwing money away.

Many insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurers and get the best coverage at the best price available.

It’s smart to check auto insurance prices as often as possible due to the fact that insurance prices are rarely the same from one policy term to another. Despite the fact that you may have had the best rates on 300 insurance last year you can probably find a better rate quote now. Ignore everything you know about auto insurance because you’re going to learn the easiest way to lower your annual insurance bill.

You may qualify for discounts

Some insurers don’t always publicize every available discount very well, so here is a list both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy insurance online. If you are not receiving all the discounts you deserve, you could be getting lower rates.

  • Multi-Vehicle Discounts – Buying coverage for all your vehicles with the same auto insurance company can get a discount for every vehicle.
  • Anti-lock Brakes – Vehicles with ABS braking systems or traction control can avoid accidents and will save you 10% or more.
  • Smart Student Discounts – Performing well in school may save you up to 25%. This discount can apply up until you turn 25.
  • Government Employee Discount – Being employed by or retired from a federal job could qualify for a slight premium decrease on 300 insurance with select insurance companies.
  • Driver Training Discounts – Taking part in a driver safety course could cut 5% off your bill and easily pay for the cost of the class.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles help deter theft and that can save you a little bit as well.
  • Bundled Policy Discount – When you combine your home and auto insurance with the same company you may earn over 10 percent off each policy depending on the company.
  • Auto/Life Discount – Some companies give a break if you buy a life policy as well.

As is typical with insurance, most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears adding up those discounts means a free policy, auto insurance companies aren’t that generous.

A list of auto insurance companies and their possible discounts are shown below.

  • Progressive has savings for good student, multi-policy, multi-vehicle, continuous coverage, homeowner, online quote discount, and online signing.
  • The Hartford policyholders can earn discounts including bundle, anti-theft, driver training, defensive driver, air bag, good student, and vehicle fuel type.
  • Mercury Insurance offers premium reductions for location of vehicle, multi-policy, anti-theft, accident-free, and multi-car.
  • Geico offers discounts including anti-theft, five-year accident-free, air bags, daytime running lights, anti-lock brakes, emergency military deployment, and defensive driver.
  • AAA may have discounts that include AAA membership discount, good student, anti-theft, good driver, education and occupation, and multi-policy.
  • State Farm has discounts for safe vehicle, anti-theft, multiple policy, good student, accident-free, multiple autos, and good driver.

When getting a coverage quote, ask every insurance company which discounts they offer. Discounts may not be offered in your area. If you would like to view insurers that offer the discounts shown above, click here to view.

There’s no such thing as the perfect car insurance policy

When choosing proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can aid in determining if you would benefit from professional advice.

  • When should I not file a claim?
  • Does my 2014 Chrysler 300 qualify for pleasure use?
  • Am I getting all the discounts available?
  • Can I drive in Mexico and have coverage?
  • What is medical payments coverage?
  • Does coverage extend to my business vehicle?
  • Am I covered when using my vehicle for business?
  • Will I lose any money if I cancel my policy before it expires?
  • Is my 2014 Chrysler 300 covered for flood damage?
  • How do I insure my teen driver?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and may give you better protection.

Insurance specifics

Understanding the coverages of your policy can help you determine the right coverages for your vehicles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Liability coverage

This provides protection from damages or injuries you inflict on a person or their property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like loss of income, medical services, emergency aid, repair costs for stationary objects and court costs. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Chrysler 300.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision protection

Collision coverage covers damage to your 300 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like sideswiping another vehicle, colliding with another moving vehicle, hitting a parking meter, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. You can also bump up the deductible to save money on collision insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like doctor visits, nursing services, rehabilitation expenses and X-ray expenses. The coverages 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 also covers getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverage

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like fire damage, vandalism and falling objects. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

The bottom line

We covered a lot of techniques to shop for 2014 Chrysler 300 insurance online. The key concept to understand is the more companies you get premium rates for, the higher the chance of saving money. You may even find the best auto insurance rates are with an unexpected company. Smaller companies often have lower premium rates on specific markets compared to the large companies like State Farm, Geico and Nationwide.

As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. There are too many instances where an insured cut full coverage to discover at claim time that the savings was not a smart move. Your objective should be to find the BEST coverage for the lowest cost, but do not skimp to save money.

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