2012 Chrysler 300 Insurance Rates – 5 Tips to Save

Consumers have options when looking for affordable Chrysler 300 insurance. You can either spend your time contacting agents trying to get quotes or leverage the internet to make rate comparisons.

There is a better way to compare car insurance rates so you’re going to learn the quickest way to compare rates for a new or used Chrysler and get the lowest possible price from local insurance agents and online providers.

You should make it a habit to shop coverage around occasionally due to the fact that insurance prices change regularly. Just because you found the best deal on 300 coverage a few years ago you will most likely find a better rate today. You can find a lot of information about car insurance out there, but by reading this article, you’re going to learn a lot of great tips on how to save money.

Use discounts on car insurance

Buying car insurance is not cheap, but you might already qualify for some discounts that could drop your premiums quite a bit. A few discounts will be applied at the time you complete a quote, but some discounts are required to be inquired about in order for you to get them.

• Drive Safe and Save – Insureds who avoid accidents can save up to 40% or more on their car insurance quote on 300 coverage compared to rates paid by drivers with frequent claims.
• Passive Restraints – Factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
• Professional Memberships – Participating in a civic or occupational organization can get you a small discount on your bill.
• Accident Forgiveness – Not really a discount, but a few companies such as Allstate, Progressive, and Geico will allow you to have one accident before your rates go up with the catch being you have to be claim-free for a specific time period.
• Senior Citizens – Drivers over the age of 55 could receive a small discount on rates on 300 coverage.

You can save money using discounts, but some credits don’t apply to the entire policy premium. A few only apply to the cost of specific coverages such as comp or med pay. So even though it sounds like you could get a free car insurance policy, insurance companies wouldn’t stay in business.

To see a list of car insurance companies with discount car insurance rates, follow this link.

Tailor your insurance coverage coverage to you

When it comes to buying the right insurance coverage for your vehicles, there really is not a best way to insure your cars. Every insured’s situation is different.

These are some specific questions might help in determining whether your personal situation would benefit from professional advice.

• I have good health insurance, so how much medical payments coverage do I need?
• How much liability coverage do I need in my state?
• Am I missing any policy discounts?
• When do I need to add a new car to my policy?
• Are my friends covered when driving my 2012 Chrysler 300?
• What is the difference between comprehensive and collision coverage?
• Is upholstery damage covered by car insurance?

If you can’t answer these questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and can help protect your family.

Specific coverage details

Knowing the specifics of a insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be confusing and reading a policy is terribly boring.

UM/UIM Coverage

This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Chrysler 300.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like rehabilitation expenses, ambulance fees and chiropractic care. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage

Liability insurance

This coverage protects you from damages or injuries you inflict on people or other property by causing an accident. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 25/50/25 that means you have 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. Some companies may use a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things like medical expenses, legal defense fees and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as much as you can afford.

Coverage for collisions

Collision insurance covers damage to your 300 resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like damaging your car on a curb, scraping a guard rail, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as theft, fire damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage on a shoestring budget

In this article, we presented a lot of information how to lower your 2012 Chrysler 300 insurance rates. The most important thing to understand is the more providers you compare, the better chance you’ll have of finding cheap car insurance. You may be surprised to find that the best rates are with the smaller companies.

As you quote car insurance, do not reduce coverage to reduce premium. There have been many cases where consumers will sacrifice uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your objective should be to purchase a proper amount of coverage at the best possible price while still protecting your assets.

Cheaper 2012 Chrysler 300 insurance is available both online in addition to local insurance agencies, so get free car insurance quotes from both of them so you have a total pricing picture. Some companies do not offer the ability to get quotes online and many times these smaller companies provide coverage only through independent agents.

Even more information is located in these articles:

• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Teen Driver Statistics (Insurance Information Insitute)
• All About Airbag Safety (State Farm)
• Shopping for a Safe Car (Insurance Information Insitute)
• Vehicle Safety Ratings (iihs.org)