2006 Dodge Magnum Insurance Quotes – 8 Ways to Save

Looking for cheaper auto insurance rates for your Dodge Magnum? There isn’t anyone who is fond of buying auto insurance, in particular when the prices are way too high. Companies like Allstate, Liberty Mutual and State Farm continually hit you with catchy ads and it can be hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s a good habit to shop coverage around quite often due to the fact that insurance rates change frequently. Even if you got the lowest premium rates for Magnum insurance two years ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because you’re going to learn the best way to reduce your cost while increasing coverage.

If you have a current insurance policy or are just looking to switch companies, you can use this information to shop for the lowest rates while maximizing coverage. Buying car insurance is quite easy. Vehicle owners just need to learn the proper way to compare prices online.

The easiest way to get rate comparisons is to take advantage of the fact most of the larger companies allow for online access to give free rates quotes. The one thing you need to do is provide a little information such as marital status, the type of vehicles you drive, how many miles driven, and your general credit rating. That rating data gets sent immediately to insurance companies and they return cost estimate instantly to find the best rate.

To start a rate quote now, click here then complete the form.

Drivers can save with these eight discounts

Properly insuring your vehicles can get expensive, but there’s a good chance there are discounts that you may not even know about. Certain reductions will be credited when you get a quote, but a few must be inquired about before you get the savings.

• Accident Waiver – Not necessarily a discount, but certain companies allow you one accident before they charge you more for coverage so long as you are claim-free prior to the accident.
• Multi-Vehicle Discounts – Purchasing coverage when you have several vehicles on one policy can reduce rates for all insured vehicles.
• Defensive Driver – Taking part in a class that teaches safe driver techniques could earn you a small percentage discount and make you a better driver.
• Online Discount – A handful of insurance companies will give you a small discount for buying your policy on your computer.
• Early Payment Discounts – If paying your policy premium upfront rather than paying monthly you may reduce your total bill.
• Student Discounts – Performing well in school could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
• Claim Free – Good drivers with no accidents have much lower rates when compared with bad drivers.
• Discounts for Cautious Drivers – Drivers without accidents can save up to 40% or more on their insurance quote for Magnum insurance than drivers with accidents.

Policy discounts save money, but most credits do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, you aren’t that lucky.

Companies and a summarized list of policyholder discounts can be read below.

• State Farm offers premium reductions for accident-free, anti-theft, good student, safe vehicle, multiple autos, defensive driving training, and multiple policy.
• Farmers Insurance discounts include bundle discounts, business and professional, early shopping, homeowner, multi-car, alternative fuel, and youthful driver.
• Progressive policyholders can earn discounts including homeowner, multi-policy, multi-vehicle, good student, online signing, continuous coverage, and online quote discount.
• Geico offers discounts including defensive driver, anti-theft, good student, multi-policy, membership and employees, and air bags.
• Auto-Owners Insurance has discounts for safe driver, air bags, teen driver, mature driver, multi-policy, and paperless.
• The Hartford may include discounts for vehicle fuel type, driver training, air bag, anti-theft, defensive driver, and good student.
• Farm Bureau includes discounts for safe driver, good student, 55 and retired, multi-policy, driver training, youthful driver, and multi-vehicle.
• USAA has savings for defensive driver, annual mileage, driver training, multi-policy, vehicle storage, and loyalty savings.

If you need affordable insurance quotes, ask every insurance company which discounts you may be entitled to. Savings may not be available in your area.

Special considerations

When it comes to buying the best auto insurance coverage for your personal vehicles, there really is no best way to insure your cars. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions may help you determine whether or not you may require specific advice.

• Will my insurance pay for OEM parts?
• Will my rates increase for filing one claim?
• What if I don’t agree with a claim settlement offer?
• Am I covered if I break a side mirror?
• Am I covered when pulling a rental trailer?
• How much underlying liability do I need for an umbrella policy?
• Are my tools covered if they get stolen from my vehicle?
• Are all vehicle passengers covered by medical payments coverage?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Do drivers who switch really save?

Consumers can’t get away from ads that claim the best premium rates by companies like 21st Century, Allstate and State Farm. They all advertise claims that people will save if you change your policy.

That’s great but how can every company charge less that you’re paying now? It’s all in how they say it.

All companies give the best rates for the type of insured that will add to their bottom line. For instance, this type of insured may need to be over the age of 45, has a clear driving record, and does not commute to work. Anyone that hits that “sweet spot” will most likely get cheap prices as well as cut their rates if they switch.

Drivers who cannot meet these criteria will be charged more expensive rates and ends up with business not being written. Company advertisements say “customers that switch” not “all people who quote” save that much when switching. This is how companies can truthfully make those statements. Each company has different criteria, so you really need to get insurance quotes as often as possible. It’s not possible to predict the company that will fit you best based on your risk profile.

Insurance coverages and their meanings

Understanding the coverages of insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on most insurance policies.

Comprehensive (Other than Collision) – This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a broken windshield, damage from getting keyed, hitting a deer, fire damage and rock chips in glass. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverage – Collision coverage pays for damage to your Magnum from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like colliding with another moving vehicle, sustaining damage from a pot hole, driving through your garage door, hitting a parking meter and hitting a mailbox. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical expense insurance – Med pay and PIP coverage kick in for short-term medical expenses for things like surgery, rehabilitation expenses and funeral costs. They can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Liability car insurance – This provides protection from injuries or damage you cause to a person or their property. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage protects against claims such as pain and suffering, emergency aid and court costs. How much coverage you buy is a personal decision, but consider buying as much as you can afford.

Cheaper insurance is a realistic goal

Budget-friendly insurance is available on the web in addition to local insurance agencies, and you should compare price quotes from both to have the best chance of lowering rates. Some companies may not provide online rate quotes and usually these small, regional companies prefer to sell through independent agencies.

While you’re price shopping online, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many cases where an insured cut uninsured motorist or liability limits only to find out that it was a big error on their part. Your goal should be to get the best coverage possible at a price you can afford while still protecting your assets.

Other learning opportunities

• Vehicle Insurance in the U.S. (Wikipedia)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Understanding Your Insurance Deductible (Insurance Information Insitute)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)