Finding better insurance prices for a Chrysler 300M can be an all-consuming task, but you can learn our car insurance buying tips and make it easy. There are both good and bad ways to buy car insurance and we’ll show you the proper way to get price quotes for your Chrysler and get the lowest price either online or from local insurance agents.
It’s a good idea to compare prices on a regular basis since insurance rates are rarely the same from one policy term to another. Even if you think you had the best deal on 300M coverage a year ago there may be better deals available now. Ignore everything you know about car insurance because we’re going to demonstrate the things you must know in order to reduce your cost while improving coverage.
Why your Chrysler 300M might be costing you more
Smart consumers have a good feel for the factors that help determine the rates you pay for car insurance. Understanding what controls the rates you pay empowers consumers to make smart changes that can help you get much lower annual insurance costs.
- Liability coverage protects you – Liability insurance will protect you if a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
- More people means more accidents – Living in a small town has it’s advantages when buying car insurance. Drivers who live in large cities have congested traffic and longer commutes to work. Less people living in that area means fewer accidents as well as less vandalism and auto theft.
- Rates may be higher depending on your occupation – Occupations like doctors, architects and dentists are shown to have the highest average rates in part from job stress and long work hours. Other occupations like farmers, historians and retirees pay the least on 300M coverage.
- Credit scores impact car insurance rates – A driver’s credit score is a huge factor in determining what you pay for car insurance. People with good credit tend to be more responsible than drivers who have lower credit ratings. If your credit history is low, you could be paying less to insure your Chrysler 300M by spending a little time repairing your credit.
- Safe vehicles cost less to insure – Vehicles with good safety scores can get you lower premiums. Safer cars protect occupants better and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If your Chrysler 300M earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
Comprehensive Car Insurance Comparison Quotes
Performing a rate comparison can take hours if you don’t utilize the best way to get rate quotes. You can spend your afternoon talking about coverages with insurance companies in your area, or you can utilize the web to achieve your goal.
Many popular insurance companies enroll in a system that enables customers to submit their information once, and every company can give them a price for coverage. This prevents consumers from doing repetitive form submissions to every company.
To compare pricing click here to open in new window.
The only drawback to pricing coverage this way is that you can’t choose which providers you want pricing from. So if you want to choose specific insurance companies to compare rates, we have a page of low cost car insurance companies in your area. View list of insurance companies.
However you get your quotes, make absolute certain that you use apples-to-apples coverage limits on every quote you get. If the quotes have different liability limits it’s not possible to find the best deal for your Chrysler 300M.
The car insurance bait and switch
Consumers can’t ignore all the ads for cheaper car insurance from companies such as State Farm, GEICO and Progressive. They all make the same claim that you’ll save big if you switch your policy.
How does each company make the same claim?
All companies have a certain “appetite” for the type of customer they prefer to insure. A good example of a profitable customer might be profiled as over the age of 50, insures multiple vehicles, and has a short commute. A propective insured that hits that “sweet spot” will get very good rates and therefore will pay quite a bit less when switching companies.
Potential customers who fall outside the “perfect” profile will be charged higher rates and this can result in the customer not buying. Company advertisements say “people who switch” not “everybody who quotes” save that much money. This is how companies can advertise the way they do. That is why you need to compare many company’s rates. Because you never know which car insurance company will fit your personal profile best.
These discounts can slash car insurance rates
Companies offering auto insurance do not advertise every discount in an easy-to-find place, so we took the time to find both well-publicized and the more hidden discounts you could be receiving. If they aren’t giving you every credit possible, you are paying more than you should be.
- Seat Belt Usage – Requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
- College Student – Any of your kids who attend school more than 100 miles from home and do not have a car can receive lower rates.
- Anti-lock Brake System – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
- Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
- Discount for New Cars – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
- Defensive Driving Course – Successfully completing a driver safety course could cut 5% off your bill depending on where you live.
Keep in mind that most credits do not apply to the overall cost of the policy. Most cut individual premiums such as comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way.
For a list of companies with discount car insurance rates, follow this link.
When might I need the advice of an agent?
When buying adequate coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different.
For instance, these questions might help in determining whether you would benefit from professional advice.
- If my Chrysler 300M is totaled, can I afford another vehicle?
- Can I afford low physical damage deductibles?
- What are the financial responsibility laws in my state?
- Is my nanny covered when driving my vehicle?
- Does my policy cover me when driving someone else’s vehicle?
- What is the minimum liability in my state?
If you don’t know the answers to these questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form. It only takes a few minutes and may give you better protection.
Compare but don’t skimp
Throughout this article, we presented a lot of ways to save on Chrysler 300M insurance. It’s most important to understand that the more providers you compare, the higher your chance of finding lower rates. Consumers could even find that the most savings is with a small local company.
Cheap Chrysler 300M insurance is available from both online companies and with local insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance providers do not offer online quoting and most of the time these small, regional companies sell through independent agents.
As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where an insured cut liability coverage limits to discover at claim time they didn’t purchase enough coverage. Your goal should be to get the best coverage possible at an affordable rate.
