Dodge Magnum Insurance Rates

Comparing auto insurance through online rate quotes is easy, plus you may find lower rates. The key is to take the time to get rates from as many companies as possible in order to have all your choices.

Beginners to buying insurance may think purchasing cut-rate Magnum insurance is going to be difficult. Getting cheaper insurance rates can be surprisingly simple. The only requirement is to invest a few minutes to compare quotes from different insurance companies. This can be done by comparing rates here.

Rates are determined by these factors

Insurance premiums for your Dodge Magnum can vary widely based upon several criteria. Including but not limited to:

Your driving record
Credit rating
Your location impacts rates
High miles vs. low miles
Your gender can raise or lower rates
Deductible amount directly impacts your rate
Crash test rating for your Magnum
Whether or not you have claims
Having continuous coverage saves you money
Home ownership saves money

One important consideration that can impact your rates is the age of the vehicle. Newer models have a higher value compared to older Dodge models so repair costs are higher which can inflate annual premiums. Although newer models have more advanced features included like autonomous braking, an advanced theft deterrent system, a telematics system, and adaptive headlights which can lower rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle from the list below.

Auto liability

Liability insurance protects you from damage or injury you incur to other's property or people. Liability coverage pays for claims like pain and suffering, repair costs for stationary objects, and legal defense fees. Liability insurance is relatively cheap so buy higher limits if possible.

Auto collision coverage

This coverage pays for damage to your Dodge resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible in order to get cheaper Magnum insurance rates.

Comprehensive auto coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay. The maximum payout your auto insurance company will pay is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other motorists when they do not carry enough liability coverage. Because many people only carry the minimum required liability limits, it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for immediate expenses like EMT expenses, pain medications, and nursing services. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. PIP is not available in all states and gives slightly broader coverage than med pay.

How Much are Dodge Magnum Insurance Rates?