Buyers have a choice when searching for low-cost Dodge Magnum insurance. You can either waste hours calling around trying to get quotes or use the internet to find the lowest rates. There is a right way and a wrong way to buy auto insurance so we’re going to tell you the proper way to get price quotes for your Dodge and find the cheapest rates.
It’s a good idea to price shop coverage at least once a year since rates change quite often. Despite the fact that you may have had the lowest rates on Magnum insurance two years ago there may be better deals available now. You can find a lot of misleading information regarding auto insurance online, so we’re going to give you the easiest ways to quit paying high auto insurance rates.
Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have a car insurance policy, you will be able to cut costs considerably using this strategy. Although consumers do need to learn how big insurance companies market on the web and use this information to your advantage.
Low Cost Auto Insurance
The are a couple different ways to compare rate quotes and find the best price. One of the best ways to find the cheapest Dodge Magnum insurance rates consists of obtaining rate quotes online. This is very easy and can be done in several different ways.
- The most efficient way to get quotes for comparison is a comparison rater form click to view form in new window. This type of form saves time by eliminating separate quotes to each individual auto insurance company. One form will return price quotes from several companies. This is perfect if you don’t have a lot of time.
- A different way to find lower rates requires you to visit the website for each individual company and complete a new quote form. For example, we’ll pretend you want comparison quotes from Nationwide, GEICO and Travelers. To find out each rate you need to spend time on each company’s site and enter your policy data, which is why the first method is quicker.
For a list of links to insurance companies in your area, click here.
Whichever method you choose, make absolute certain that you use identical quote information for each price quote. If you are comparing different limits and deductibles on each one you will not be able to determine the lowest rate for your Dodge Magnum. Just a small difference in coverages may result in large price differences. Just remember that obtaining a wide range of quotes gives you a better chance of getting a lower rate.
Are you getting all your discounts?
Auto insurance companies do not advertise all available discounts very well, so here is a list both well-publicized as well as the least known auto insurance savings.
- Drive Safe and Save – Safe drivers may receive a discount up to 45% less on Magnum insurance than their less cautious counterparts.
- Safety Course Discount – Taking a course teaching defensive driving skills could cut 5% off your bill and easily recoup the cost of the course.
- Pay Upfront and Save – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
- Senior Citizens – Older drivers may receive a small decrease in premiums on Magnum insurance.
- Theft Prevention Discount – Vehicles with anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
- College Student – Youth drivers who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
Drivers should understand that many deductions do not apply to your bottom line cost. Most only reduce specific coverage prices like comp or med pay. So when it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous.
Elements that influence Dodge Magnum rates
Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for auto insurance. Knowing what influences your rates helps enable you to make changes that could result in better auto insurance rates.
The list below includes some of the factors that factor into premiums.
- High credit ratings translate to low rates – Your credit score is a large factor in calculating your auto insurance rates. Therefore, if your credit history is lower than you’d like, you could pay less to insure your Dodge Magnum by repairing your credit. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with poor credit.
- Liability coverage protects you – Liability insurance is the coverage that protects you in the event that you are found to be at fault for personal injury or accident damage. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.
- Pay less after the wedding – Being married actually saves money on your policy. Having a significant other is viewed as being more mature and statistics show married couples file fewer claims.
- Do you have a high stress job? – Did you know your job can affect your rates? Jobs such as doctors, social workers and stock brokers tend to pay the highest rates in part from high stress levels and lots of time spent at work. On the other hand, occupations like farmers, students and homemakers have the lowest average rates on Magnum insurance.
- Do men or women drive better? – Statistics demonstrate women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. They both have accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations such as DWI and reckless driving.
- Your location is important – Living in small towns and rural areas can save you money when buying auto insurance. Urban drivers regularly have traffic congestion and much longer commute distances. Lower population translates into fewer accidents as well as less vandalism and auto theft.
- More claims means more premium – Companies generally give lower rates to insureds who do not rely on their insurance for small claims. If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
When might I need an agent?
When buying coverage, there is no single plan that fits everyone. Everyone’s needs are different.
For instance, these questions may help highlight whether or not you might need an agent’s assistance.
- Are my friends covered when driving my Dodge Magnum?
- Which companies will insure high-risk drivers?
- Should I file a claim if it’s only slightly more than my deductible?
- Is my custom paint covered by insurance?
- Is a new car covered when I drive it off the dealer lot?
- Do I need PIP (personal injury protection) coverage in my state?
- What is the difference between comprehensive and collision coverage?
- Can I afford to pay high deductible claims out of pocket?
If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form.
Buyer beware of auto insurance advertising tricks
Companies like Progressive, GEICO, Allstate and State Farm constantly bombard you with television and radio advertisements. All the ads make the same claim about savings if you switch to their company. But how can every company make the same claim?
Different companies have a certain “appetite” for the type of driver that makes them money. A good example of a preferred risk could possibly be between 25 and 40, insures multiple vehicles, and has great credit. A customer getting a price quote who meets those qualifications gets the lowest rates and as a result will probably pay quite a bit less when switching companies.
Consumers who are not a match for these standards must pay higher prices and ends up with the customer not buying. The ad wording is “customers that switch” but not “drivers who get quotes” save that kind of money. That is how insurance companies can make those claims. This illustrates why you need to quote coverage with many companies. Because you never know the company that will give you the biggest savings.
A tidy conclusion
Cheap Dodge Magnum insurance is attainable both online and also from your neighborhood agents, so you should compare both to have the best rate selection. There are still a few companies who may not provide online price quotes and most of the time these small, regional companies sell through independent agents.
Throughout this article, we presented quite a bit of information on how to lower your Dodge Magnum insurance rates. The key concept to understand is the more you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from a lesser-known regional company.
Insureds who switch companies do it for any number of reasons including policy cancellation, being labeled a high risk driver, questionable increases in premium or delays in paying claims. No matter why you want to switch, finding the right auto insurance provider is easier than you think.
