Save on 2017 Chrysler 200 Insurance Cost

Did you come to the realization that you have an underperforming, overpriced auto insurance policy? Say no more because many drivers have buyer’s remorse. Having so many insurance companies to choose from, it can be hard to choose the most cost effective auto insurance provider.

Discounts for cheaper insurance coverage rates

Insurance coverage is easily one of your largest bills, but there’s a good chance there are discounts that can dramatically reduce your bill. A few discounts will automatically apply when you get a quote, but once in a while a discount must be asked about before you will receive the discount.

  • Sign Early and Save – Some companies give discounts for buying a policy early. This can save 10% or more.
  • Student Discount for Driver Training – Cut your cost by having your teen driver participate in a local driver’s education class if offered at their school.
  • Discounts for Multiple Vehicles – Purchasing coverage when you have multiple vehicles on one policy can get a discount on all vehicles.
  • Passenger Safety Discount – Factory air bags or automatic seat belts could see savings of 20% or more.
  • Federal Government Employee – Having worked for a branch of the government can earn a discount up to 10% for 200 insurance depending on your insurance coverage provider.

Policy discounts save money, but many deductions do not apply to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. Even though it appears all those discounts means the company will pay you, it doesn’t quite work that way.

Auto insurance companies that may offer most of these discounts are:

Check with all the companies to give you their best rates. Some of the earlier mentioned discounts might not apply in every state. If you would like to choose from a list of insurance companies with significant discounts, click here.

How your 200 insurance premiums are determined

Part of the insurance buying process is learning a few of the rating criteria that go into determining the price you pay for insurance. When you know what positively or negatively influences your rates, this allows you to make good choices that may result in lower rates. Many things are taken into consideration when you get a price on insurance. Some are pretty understandable like a motor vehicle report, but other criteria are more obscure like where you live or your commute time.

Shown below are some of the most rate-impacting factors that factor into your rates.

  • Discounts for married drivers – Having a significant other may save some money on insurance. Marriage means you’re more mature it has been statistically shown that being married results in fewer claims.
  • Never let your coverage lapse – Having a lapse in insurance coverage is a sure-fire way to increase your rates. Not only will you pay more, failure to provide proof of insurance could result in a fine, jail time, or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • Traffic violations inflate rates – Careful drivers get better prices than people who have multiple driving citations. Just one ticket could increase your next policy renewal by as much as twenty percent. Drivers who have received license-revoking tickets like reckless driving, hit and run or driving under the influence may find that they have to to file a proof of financial responsibility form (SR-22) with their state DMV in order to continue driving.
  • Liability protection is important – Your policy’s liability coverage is the coverage that protects you when you are found to be at fault for personal injury or accident damage. Your liability coverage provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
  • Extra coverages push up costs – Insurance policies have a lot of add-on coverages that you can buy on your insurance policy. Coverage for things like replacement cost coverage, accidental death, and membership fees may be costing you every month. These may sound like a good investment when talking to your agent, but if they’re wasting money think about removing them and cutting costs.
  • Safer cars save money – Vehicles that have high safety ratings can get you lower premiums. Safe vehicles help reduce the chance of injuries in an accident and any reduction in injury severity means less money paid by your insurance company and lower rates for you. If your Chrysler 200 scored better than four stars on Safercar.gov you may qualify for a discount.

Tailor your auto insurance coverage to you

When buying coverage for your vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions could help you determine if your insurance needs may require specific advice.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does coverage extend to Mexico or Canada?
  • Do I have newly-aquired coverage?
  • How does medical payments coverage work?
  • Am I covered when driving a rental car?
  • At what point should I drop full coverage?
  • What discounts do I qualify for?
  • Where can I find high-risk insurance?

If you’re not sure about those questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Auto insurance policy coverages for a Chrysler 200

Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages found on the average auto insurance policy.

Collision coverage protection

This coverage will pay to fix damage to your 200 from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like backing into a parked car, colliding with a tree, crashing into a building, sustaining damage from a pot hole and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to bring the cost down.

Liability auto insurance

Liability insurance protects you from damage or injury you incur to people or other property in an accident. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against claims like structural damage, medical services, legal defense fees, funeral expenses and emergency aid. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like nursing services, dental work and rehabilitation expenses. The coverages can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Chrysler 200.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like falling objects, hitting a bird, rock chips in glass and hail damage. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Have money to burn

When getting auto insurance quotes online, it’s a bad idea to reduce coverage to reduce premium. Too many times, an insured cut uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to get the best coverage possible at the best price but still have enough coverage for asset protection.

You just learned many tips how you can get a better price on 2017 Chrysler 200 insurance. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your car insurance rates. Consumers could even find that the best rates are with a company that doesn’t do a lot of advertising. They can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.

For more information, take a look at the resources below: