2005 Dodge Stratus Insurance Rates – 10 Tips to Save

Looking for better insurance coverage rates for your Dodge Stratus? Scraping up a payment for pricey Dodge Stratus insurance can overdraw your savings account and possibly require you to analyze your spending habits. Comparing price quotes is recommended to ensure you are getting the best deal.

There is such a variety of insurers to pick from, and even though it’s nice to have a selection, it makes it harder to compare company pricing.

It’s a good habit to shop coverage around occasionally since prices go up and down regularly. Despite the fact that you may have had the lowest price for Stratus coverage at your last renewal there is a good chance you can find better rate quotes now. Forget all the misinformation about insurance coverage because I’m going to teach you one of the easiest ways to find better rates and still maintain coverage.

Buying car insurance is quite easy. If you currently have car insurance, you should be able to cut costs considerably using this information. Consumers only need an understanding of the proper methods to compare price quotes on the web.

Lower rates by qualifying for these ten discounts

Some insurers don’t always advertise every possible discount in a way that’s easy to find, so we researched both well-publicized as well as the least known discounts that you may qualify for.

• Renewal Discounts – Some car insurance companies provide a discount for switching policies before your current coverage expires. Ten percent is about the average savings.
• Multi-line Discount – Companies who offer life insurance give a discounted price on car insurance if you buy life insurance.
• Fewer Miles Equal More Savings – Driving less could earn lower car insurancerates on the low mileage vehicles.
• Theft Deterent Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and therefore earn up to a 10% discount.
• Early Payment Discounts – By making one initial payment rather than paying in monthly installments you could save up to 5%.
• Government Employee Discount – Simply working for the federal government could provide a small rate reduction for Stratus coverage depending on your car insurance provider.
• Driver’s Education for Students – Require your teen driver to sucessfully take a drivers education course if offered at their school.
• Senior Discount – If you’re over the age of 55, you can get a small discount on rates for Stratus coverage.
• Multi-Vehicle Discounts – Buying a policy with multiple vehicles with the same car insurance company can get a discount on all vehicles.
• Own a Home – Being a homeowner may earn you a small savings due to the fact that maintaining a home requires a higher level of personal finance.

Keep in mind that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as collision or personal injury protection. Despite the appearance that having all the discounts means you get insurance for free, companies don’t profit that way.

Insurance companies that may include most of the discounts above include:

• State Farm
• Farmers Insurance
• Geico
• American Family
• Nationwide
• Progressive

If you want inexpensive insurance quotes, ask all the companies which discounts can lower your rates. Depending on the company, some discounts may not apply to policies in your state. If you would like to view car insurance companies with the best car insurance discounts, click this link.

Auto insurance is unique, just like you

When buying coverage for your vehicles, there really is no cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can help discover if your insurance needs might need an agent’s assistance.

• Does my 2005 Dodge Stratus need full coverage?
• Do I need replacement cost coverage?
• Does my 2005 Dodge Stratus qualify for pleasure use?
• If my 2005 Dodge Stratus is totaled, can I afford another vehicle?
• Why does it cost so much to insure a teen driver?
• What is high-risk coverage and where do I buy it?
• Do I need added coverage for expensive stereo equipment?
• Can I afford low physical damage deductibles?
• At what point should I drop full coverage?
• Am I covered when driving someone else’s vehicle?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and may give you better protection.

Do drivers who switch really save?

Consumers constantly see and hear ads that promise big savings from the likes of State Farm and Allstate. All the ads advertise the message that people will save if you switch your policy.

How can each company charge you a lower premium?

Insurance companies have an ideal profile for the right customer that will be a good risk. A good example of this type of insured should be a married female, has no prior claims, and has a short commute. Any customer who fits that profile receives the best prices and most likely will cut their rates substantially.

Consumers who fall outside these stringent criteria will be charged a more expensive rate and this can result in business going elsewhere. The ad wording is “drivers that switch” not “everyone who quotes” save that much money. That is how companies can make it sound like they have such great prices. Different companies use different criteria so drivers should get insurance quotes as often as possible. It’s impossible to know which insurance companies will fit you best based on your risk profile.

Insurance policy coverages for a 2005 Dodge Stratus

Learning about specific coverages of insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on the average insurance policy.

Comprehensive or Other Than Collision

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things like theft, a broken windshield, damage from flooding, hitting a bird and rock chips in glass. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like EMT expenses, surgery, doctor visits, rehabilitation expenses and prosthetic devices. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

This coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability car insurance

This provides protection from damages or injuries you inflict on people or other property in an accident. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage pays for claims like emergency aid, medical expenses and funeral expenses. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Coverage for collisions

Collision insurance pays for damage to your Stratus resulting from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like rolling your car, hitting a parking meter, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

More quotes mean more savings

Cost effective 2005 Dodge Stratus insurance can be found from both online companies as well as from independent agents, so you should be comparing quotes from both to get a complete price analysis. Some auto insurance companies do not provide online price quotes and usually these smaller companies work with independent agencies.

We just presented a lot of techniques to shop for 2005 Dodge Stratus insurance online. The key concept to understand is the more you quote insurance, the better likelihood of getting cheap insurance. You may even find the lowest premium rates come from some of the smallest insurance companies. Some small companies can often provide lower prices in certain areas than their larger competitors like Allstate or State Farm.

For more information, feel free to visit these articles:

• Child Safety FAQ (iihs.org)
• Prepare your Teens for Safe Driving (InsureUonline.org)
• What is a Telematics Device? (Allstate)
• Avoiding Deer Collisions (Insurance Information Insitute)