Car Insurance for 21 Year Old Male Challenger Car
When it comes to auto insurance for a Dodge Challenger, it pays to shop around. Different companies have different Dodge Challenger insurance quotes. Additionally, your driver profile and the model year of your car impact your insurance rates. The best way to find the most affordable policy for your car is to compare prices from multiple insurance providers.
Key Takeaways
Auto insurance for a Dodge Challenger is expensive. The average annual cost is $1,567 — that's $140 more than the average rate for the average car model, which is $1,427 per year.
Dodge Challenger insurance costs can fluctuate by as much as $617 per year based on your insurer.
The cost to insure a Dodge Challenger can change by $404 annually, depending on the model. Insurance rates tend to be lower for older models.
How Much It Costs to Insure a Dodge Challenger and the Cheapest Company
Dodge Challenger insurance rates can vary widely among different auto insurance providers, so it's important to compare many quotes to find the cheapest average insurance rate. The average cost to insure a Dodge Challenger is $1,567 per year. Some insurers may offer lower rates, while others may have higher premiums. At the low end is USAA, with a $1,238 average annual rate. The most expensive insurer for a Dodge Challenger is Allstate at $1,855 per year or $617 more than USAA.
The Average Annual Cost of Dodge Challenger Insurance by Company
MoneyGeek gathered Dodge Challenger insurance rates from different auto insurance providers based on a sample driver profile. In this case, the driver has 100/300/100 liability insurance with comprehensive and collision coverage.
The Average Cost to Insure a Dodge Challenger by Company
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Is a Dodge Challenger Expensive to Insure?
Car insurers use various factors when creating a Dodge Challenger insurance quote. Typically, cars with high value and those designated as sports or electric cars have more expensive rates than the average car model.
The Dodge Challenger is expensive to insure, given its sports car designation. Insurers deem sports car drivers more likely to engage in risky behavior, which increases the probability of getting in an accident. Dodge Challengers also have high theft rates. According to the most recent data from the National Insurance Crime Bureau, Dodge Challengers are among America's 10 most stolen vehicles.
The Best Car Insurance Company for a Dodge Challenger
Cost is important to consider in Dodge Challenger auto insurance. Still, it's only one of the many factors to take into account when searching for the best insurance company for you.
MoneyGeek evaluated companies based on a unique scoring system based on affordability, customer complaints, customer satisfaction and financial stability, and found that:
- The best option for Dodge Challenger insurance is USAA. USAA policies are only available to current or former military members and their families, though.
- The second-best option is GEICO, a great option for drivers who don't qualify for USAA.
How Much It Costs to Insure a Dodge Challenger by Model Year
Because the value of cars depreciates over time, the older your model, the lower your Dodge Challenger insurance costs. The oldest version, the 2011 Dodge Challenger, costs an average of $1,293 per year to insure. A 2020 Dodge Challenger has an average annual premium of $1,697 — that's a $404 difference.
It's important to keep in mind that the average cost of car insurance can range widely for different insurance companies and models. For example, drivers are charged an average of $1,279 per year from USAA for a 2020 Dodge Challenger. Below is a list of other auto insurance rates based on model year. The cheapest options may differ depending on your Dodge Challenger model and prospective provider.
The Average Cost to Insure a Dodge Challenger by Model Year
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How Expensive Is It to Insure a Dodge Challenger Compared to Other Cars?
It's expensive to insure a Dodge Challenger. The average insurance for a Dodge Challenger costs $1,567 per year, which is $140 more than the typical rate for the average car model. However, keep in mind that these costs are still well below those associated with other luxury-brand vehicles.
How Much It Costs to Insure a Dodge Challenger for 16- to 25-Year-Olds
Car insurance providers tend to charge young drivers high rates, given their inexperience. For example, an 18-year-old driver pays an average of $5,116 per year for Dodge Challenger auto insurance. MoneyGeek's base driver, a 40-year-old, typically pays $1,568 for a similar policy. Find more average premiums for young drivers aged 16 to 25 below.
Teens looking for ways to save money on their Dodge Challenger insurance cost should consider joining their parents' policy. Young drivers are charged extremely high rates if they buy a separate policy, but the cost is lower if they're on their parents' insurance.
The Average Cost to Insure a Dodge Challenger by Driver Age
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Age
Average Annual Rates
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16
$6,559
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17
$5,810
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18
$5,116
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19
$3,664
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20
$3,270
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21
$2,589
-
22
$2,385
-
23
$2,182
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24
$2,048
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25
$1,858
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40
$1,567
How Does Location Affect the Cost of Dodge Challenger Insurance?
The rates in this article are national averages. They may serve as a guide for drivers looking for Dodge Challenger insurance rates, but other factors — like your location — also impact premiums. If you want to know more about car insurance rates in individual states, check out MoneyGeek's state page analysis.
FAQs About Dodge Challenger Insurance
Auto insurance rates depend on various factors, including the model of your vehicle. Find out more about Dodge Challenger insurance costs through the frequently asked questions below.
The average cost of insurance for a Dodge Challenger is $1,567 per year. Your individual rate will be different based on your car model year, location, driver profile and choice of insurer.
Yes, the Dodge Challenger is more expensive to insure than other car models because it's a sports car with high theft rates.
Yes, the Dodge Challenger is designated as a sports car. This designation plays a significant role in the high insurance rate for this vehicle.
The average car insurance cost for the 2020 Dodge Challenger is $1,679 per year.
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Methodology
MoneyGeek conducted the study using insurance rates from different car insurance providers for a Dodge Challenger SXT across all available model years. Rates are for a full coverage policy with:
- $100,000 in bodily injury liability insurance per person
- $300,000 in bodily injury liability insurance per accident
- $100,000 in property damage liability insurance per accident
- Comprehensive and collision insurance with a $1,000 deductible
These rates reflect average costs to help guide drivers looking for Dodge Challenger insurance. While these prices can help you know what to expect, they do not represent your specific rates.
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Car Insurance for 21 Year Old Male Challenger Car
Source: https://www.moneygeek.com/insurance/auto/dodge-challenger-insurance/