2014 Dodge SRT Viper Insurance Cost – 7 Tricks for Best Prices

Want the cheapest insurance rates for your Dodge SRT Viper? Tired of scraping the payment together to buy insurance? Your situation is no different than many other consumers.

With consumers having so many options, it is very difficult to pick the most cost effective insurance company.

It’s a good habit to compare rates yearly because rates are variable and change quite frequently. Just because you found the best rate for SRT Viper insurance at your last renewal there may be better deals available now. There is lot of inaccurate information about insurance on the web, but in this article, you’re going to get some of the best techniques to find cheap insurance.

Lower-cost insurance rates with discounts

Car insurance companies do not advertise every available discount in an easy-to-find place, so we researched both well-publicized as well as the least known savings tricks you should be using when you buy auto insurance online.

• Military Deployment Discount – Being on active deployment in the military can result in better premium rates.
• Policy Bundle Discount – If you can combine your auto and homeowners policy and place coverage with the same company you may earn at least 10 to 15 percent or more.
• Low Mileage Discounts – Fewer annual miles on your Dodge may enable drivers to earn better rates on cars that stay parked.
• No Accidents – Insureds with no claims or accidents can earn big discounts as compared to drivers with a long claim history.
• Telematics Data Discounts – Drivers who elect to allow driving data submission to scrutinize where and when they drive by using a small device installed in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks as long as the data is positive.
• Anti-lock Brake System – Cars and trucks that have steering control and anti-lock brakes are much safer to drive and earn discounts up to 10%.
• Defensive Driver Discount – Taking a course teaching defensive driver skills could cut 5% off your bill and easily recoup the cost of the course.

We need to note that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as medical payments or collision. Just because you may think having all the discounts means you get insurance for free, company stockholders wouldn’t be very happy. But all discounts will definitely reduce the amount you have to pay.

A few of the larger companies and some of the premium reductions they offer are outlined below.

• Geico has discounts for daytime running lights, driver training, anti-theft, good student, anti-lock brakes, and emergency military deployment.
• Mercury Insurance offers discounts including accident-free, good student, age of vehicle, annual mileage, and low natural disaster claims.
• Farmers Insurance may have discounts that include switch companies, youthful driver, teen driver, good student, pay in full, early shopping, and mature driver.
• Auto-Owners Insurance policyholders can earn discounts including mature driver, anti-lock brakes, multi-policy, multiple vehicles, and safe driver.
• Liberty Mutual offers discounts for new graduate, multi-policy, safety features, good student, and hybrid vehicle.
• SAFECO offers premium reductions for teen safety rewards, multi-car, anti-theft, anti-lock brakes, and teen safe driver.
• Progressive includes discounts for continuous coverage, good student, homeowner, online signing, online quote discount, and multi-vehicle.
• USAA may include discounts for good student, loyalty savings, safe driver, family discount, multi-policy, vehicle storage, and military installation.

Before purchasing a policy, check with each company or agent which credits you are entitled to. Discounts may not be available everywhere. For a list of insurance companies who offer online insurance quotes, click here.

Auto insurance companies are expert advertisers

Auto insurance providers like State Farm, Allstate and Geico consistently run television and radio advertisements. All the ads make the same claim that you can save if you move your policy. How is it plausible that every one can give you a lower rate? This is the way they can do it.

Many companies provide the lowest rates for the type of customer that is profitable for them. For example, this type of driver could possibly be a mature driver, owns a home, and has great credit. Someone who meets those qualifications will get a cheap rate quote and most likely will cut their rates if they switch.

Potential customers who don’t measure up to those standards will see more expensive rates and business not being written. If you listen to the ad wording, they say “customers who switch” not “everyone that quotes” save that kind of money. This is how companies can truthfully make those statements.

This really emphasizes why you absolutely need to get as many free auto insurance quotes as possible. Because without a comparison, you cannot know which insurance companies will have the lowest rates for your situation.

Tailor your insurance coverage coverage to you

When buying the best insurance coverage coverage for your vehicles, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that These are some specific questions can aid in determining whether you may require specific advice.

• Can I make deliveries for my home business?
• How can I force my company to pay a claim?
• Do I need roadside assistance coverage?
• What exactly is covered by my policy?
• Does my medical payments coverage pay my health insurance deductible?
• Do I pay less if my vehicle is kept in my garage?
• Are rock chip repairs covered?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Car insurance coverages explained

Learning about specific coverages of car insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages found on most car insurance policies.

Auto liability insurance

This coverage provides protection from damage or injury you incur to a person or their property. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like loss of income, emergency aid and medical services. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like a tree branch falling on your vehicle, hitting a bird, falling objects, damage from a tornado or hurricane and hitting a deer. The maximum amount 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 dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle 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 damage to your Dodge SRT Viper.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Usually these limits are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like chiropractic care, funeral costs and dental work. They are used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Auto collision coverage

This pays for damage to your SRT Viper resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as hitting a parking meter, crashing into a ditch and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Online plus local equals savings

Lower-priced auto insurance can be bought on the web as well as from independent agents, so get free auto insurance quotes from both of them to get a complete price analysis. Some insurance companies do not provide online quoting and many times these small, regional companies provide coverage only through independent agents.

While you’re price shopping online, do not buy poor coverage just to save money. Too many times, an insured dropped liability coverage limits only to regret at claim time they didn’t have enough coverage. The proper strategy is to purchase plenty of coverage at a price you can afford, but do not skimp to save money.

For more information, feel free to visit the resources below:

• What is Covered by GAP Insurance? (Allstate)
• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Tread Depth and Tire Safety (State Farm)
• What is Full Coverage? (Allstate)
• Auto Crash Statistics (Insurance Information Insitute)