Lower Your 2001 Dodge Viper Insurance Cost

Looking for lower auto insurance rates for your Dodge Viper? Do you think you bought an overpriced auto insurance policy? It’s a common feeling and many drivers have buyer’s remorse. Because you have many companies to choose from, it’s nearly impossible to pick the most affordable insurance company.

What determines Dodge Viper insurance prices?

One of the most helpful ways to save on insurance is to to have a grasp of the different types of things that play a part in calculating the price you pay for insurance. When you know what positively or negatively positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in much lower annual insurance costs.

• Reduce prices by driving safer cars – Vehicles with good safety scores tend to have better insurance rates. These vehicles result in less severe injuries and fewer serious injuries translates directly to fewer claims which can mean better rates for you. If the Dodge Viper is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
• A lcoverage lapse is a bad thing – Allowing your insurance policy to lapse is a sure-fire way to increase your insurance rates. And not only will insurance be more expensive, being ticketed for driving with no insurance can result in a fine, jail time, or a revoked license.
• Alarm systems lowers premiums – Choosing a vehicle with anti-theft technology or alarm system can earn a premium discount. Systems that thwart theives such as GM’s OnStar, tamper alarm systems and vehicle immobilizers help track and prevent your vehicle from being stolen.
• Pleasure use saves money – Driving a lot of miles every year the more you’ll pay to insure it. Most insurance companies calculate prices based upon how much you drive. Vehicles left parked in the garage cost less to insure than those used for commuting. Incorrect rating for your Viper may be wasting your money. Double check that your insurance policy is showing the proper vehicle usage, because it can save money.
• Car insurance liability insurance limits – The liability section of your policy is the coverage that protects you when a court rules you are at fault for personal injury or accident damage. Liability provides you with a defense in court up to the limits shown on your policy. It is affordable coverage as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
• Don’t buy add-on coverages you don’t need – Insurance companies have many extra coverages you can purchase on your insurance policy. Insurance for rental car reimbursement, towing coverage, and additional equipment coverage are probably not needed. These may sound like a good investment at first, but if you have no use for them eliminate them to save money.
• Job stress can make you pay more – Occupations such as military personnelair traffic controllers and emergency personnel have higher premium rates due to intense work requirements and lengthy work days. Conversely, jobs such as professors, students and homemakers pay lower than average rates on Viper insurance.
• Better drivers pay less – Having a clean driving record has a lot to do with how much you pay for insurance. Drivers with clean records get better prices than bad drivers. Having a single moving violation may cause rates to rise substantially. Drivers who have received multiple tickets such as DWI, reckless driving or hit and run convictions are required to maintain a SR-22 to the state department of motor vehicles in order to prevent their license from being revoked.

Compare insurance coverage quotes online

Performing a rate comparison can take time and effort if you don’t understand the best way to get rate quotes. You can spend your afternoon talking to insurance companies in your area, or you can stay home and use the web for quick rates.

Most of the best insurance companies participate in an industry program that enables customers to enter their policy data once, and each participating company provides a quote. This saves time by eliminating quote forms for each company you want a rate for.

To find out how much you’re overpaying now click here to open in new window.

The only downside to getting quotes like this is buyers cannot specifically choose which insurance companies to get pricing from. So if you prefer to choose specific providers to request quotes from, we have a page of companies who write insurance coverage in your area. Click here for list of insurance companies.

Whichever method you choose, make sure you use the same coverage limits and deductibles for each comparison quote. If your comparisons have different deductibles you will not be able to decipher which rate is best.

Drivers who switch save $423 a year? Really?

Consumers can’t get away from ads for cheaper insurance from companies such as Progressive, Geico, Allstate and State Farm. All the ads advertise claims that you’ll save big if you get a free car insurance quote and switch your policy.

How is it plausible that every one can claim to save you money?

Most companies provide the lowest rates for the type of driver that makes them money. One example of a desirable risk could possibly be over the age of 35, insures multiple vehicles, and does not commute to work. Anybody who fits that profile will probably get cheap prices and have a good chance to save a lot of money.

Insureds who do not match those standards will be charged higher prices and this results in the customer buying from someone else. The ad wording is “customers who switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s the way insurance companies can confidently make it sound like they have such great car insurance rates. Each company has different criteria, so you really need to get car insurance quotes as often as possible. It is impossible to guess which company will fit your personal profile best.

Lower-cost car insurance quotes with discounts

Insuring your fleet can be pricey, but companies offer discounts that may help make it more affordable. Some of these disounts will be visible when you complete an application, but some may not be applied and must be inquired about before being credited.

• Distant Student Discount – Children who live away from home to go to college and leave their car at home could qualify for this discount.
• Telematics Data – People who choose to allow data collection to study when and where they use their vehicle by using a small device installed in their vehicle such as State Farm’s In-Drive may get a rate reduction if they are good drivers.
• Seat Belt Discounts – Using a seat belt and requiring all passengers to use a seat belt can save a little off PIP or medical payments premium.
• Active Service Discounts – Being deployed in the military could mean lower premium rates.
• Driver Safety – Taking a safe driver course could earn you a small percentage discount and easily pay for the cost of the class.
• Renewal Discounts – Some insurance companies give discounts for renewing your policy prior to the expiration date on your current policy. You may see this discount when you get car insurance quotes online.
• ABS Braking Discount – Cars and trucks with anti-lock braking systems can avoid accidents and earn discounts up to 10%.
• Passenger Safety Discount – Cars that have air bags or motorized seat belts could see savings as much as 30%.
• Multiple Policy Discount – When you have multiple policies with the same company you will save at least 10 to 15 percent or more.

Discounts save money, but please remember that most of the big mark downs will not be given to the entire cost. Most cut the price of certain insurance coverages like collision or personal injury protection. So when it seems like all the discounts add up to a free policy, car insurance companies aren’t that generous.

Popular car insurance companies and some of the premium reductions they offer are:

• Farm Bureau policyholders can earn discounts including safe driver, good student, 55 and retired, multi-policy, renewal discount, driver training, and youthful driver.
• Liberty Mutual offers discounts including safety features, good student, hybrid vehicle, preferred payment discount, multi-car, new vehicle discount, and multi-policy.
• State Farm has savings for good driver, student away at school, good student, multiple policy, and Drive Safe & Save.
• Auto-Owners Insurance may offer discounts for anti-lock brakes, teen driver, anti-theft, mature driver, and paperless.
• Geico includes discounts for military active duty, anti-theft, anti-lock brakes, defensive driver, and five-year accident-free.
• SAFECO may include discounts for safe driver, anti-theft, bundle discounts, drive less, teen safety rewards, and homeowner.

When getting free car insurance quotes, it’s a good idea to each company how you can save money. Some discounts listed above may not be available everywhere. For a list of car insurance companies that can offer you the previously mentioned discounts, click here to view.

Tailor your auto insurance coverage to you

When it comes to buying adequate coverage, there really is no best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that could help you determine whether or not you will benefit from professional help.

• What companies insure drivers after a DUI or DWI?
• How high should my uninsured/underinsured coverage be in my state?
• Do I really need UM/UIM coverage?
• I have a DUI can I still get coverage?
• Do I need medical payments coverage since I have good health insurance?
• Is upholstery damage covered by car insurance?
• How much liability do I need to cover my assets?
• Why do I need rental car insurance?
• If my pet gets injured in an accident are they covered?
• Which is better, split liability limits or combined limits?

If you can’t answer these questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.

Parts of your insurance policy

Knowing the specifics of your policy can help you determine appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most insurance policies.

Liability auto insurance – Liability insurance can cover damages or injuries you inflict on people or other property that is your fault. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for things like medical expenses, legal defense fees and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive protection – This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as hitting a bird, hail damage, a tree branch falling on your vehicle and vandalism. The maximum payout your 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.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like chiropractic care, funeral costs and doctor visits. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays for damage to your Viper caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims like crashing into a building, hitting a mailbox, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as damage to your Dodge Viper.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

A little work can save a LOT of money

The cheapest 2001 Dodge Viper insurance can be purchased from both online companies and from local agencies, and you should compare price quotes from both to have the best rate selection. Some companies don’t offer online rate quotes and many times these small insurance companies sell through independent insurance agencies.

You just learned quite a bit of information on how to compare 2001 Dodge Viper insurance prices online. The key thing to remember is the more you quote car insurance, the better likelihood of getting inexpensive car insurance. You may even discover the most savings is with a small mutual company. Regional companies often have lower rates on specific markets compared to the large companies like Allstate or State Farm.

Additional detailed information is available in the articles below:

• Red Light Cameras (State Farm)
• Rental Reimbursement Coverage (Allstate)
• Choosing a Car for Your Teen (State Farm)
• Young Drivers: The High Risk Years Video (iihs.org)