How Much Does 2014 Chrysler 200 Insurance Cost?

Paying for high-priced Chrysler 200 insurance can dry up your budget and force you to cut corners elsewhere. Comparing price quotes can lower your rates and help to make sure you’re not throwing money away.

People have multiple insurers to pick from, and though it is a good thing to have a selection, having more insurance companies makes it harder to compare rates and find the lowest cost car insurance.

Shopping for the lowest cost insurance is simple if you know the tricks. If you are insured now or are just looking to switch companies, you can use this information to find better prices and still get good coverage. Consumers just need to learn the best way to compare price quotes on the web.

These discounts can lower your insurance rates

The cost of insuring your cars can be expensive, but there could be available discounts to help bring down the price. Some discounts will apply at the time you complete a quote, but some need to be inquired about before they will apply.

  • Pay Upfront and Save – By making one initial payment rather than paying monthly you could save up to 5%.
  • Discounts for Safe Drivers – Insureds who avoid accidents may save up to 50% more on 200 insurance than their less cautious counterparts.
  • Student Discount for Driver Training – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course if offered at their school.
  • E-sign Discounts – A few insurance companies will discount your bill up to fifty bucks for completing your application on your computer.
  • Bundle and Save – If you have multiple policies and place coverage with the same company they may give you a discount of approximately 10% to 15%.
  • No Charge for an Accident – This one isn’t a discount, but a few companies such as Liberty Mutual, Allstate and State Farm permit an accident before raising your premiums if your claims history is clear prior to the accident.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it appears all those discounts means the company will pay you, you aren’t that lucky.

Larger insurance companies and some of the premium reductions they offer are included below.

  • State Farm has savings for multiple autos, good driver, defensive driving training, student away at school, multiple policy, and Drive Safe & Save.
  • Progressive has discounts for good student, multi-policy, homeowner, continuous coverage, and online signing.
  • Progressive may include discounts for multi-policy, good student, homeowner, online quote discount, continuous coverage, and multi-vehicle.
  • MetLife policyholders can earn discounts including good student, multi-policy, good driver, accident-free, defensive driver, and claim-free.
  • Farm Bureau offers premium reductions for youthful driver, safe driver, good student, multi-policy, and 55 and retired.
  • GEICO may offer discounts for driver training, military active duty, multi-vehicle, air bags, daytime running lights, anti-lock brakes, and multi-policy.
  • SAFECO discounts include accident prevention training, teen safety rewards, multi-car, drive less, and teen safe driver.

Check with every insurance company how you can save money. Some discounts listed above may not apply to policies in your area. To see a list of insurance companies who offer online insurance quotes, click this link.

Quote Chrysler 200 insurance cheaper

It’s important that you understand the rating factors that come into play when calculating your premiums. When you know what positively or negatively positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to lower rates.

  • Lower prices with alarm systems – Owning a car with anti-theft technology or alarm system can save you some money. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop auto theft and help lower rates.
  • Increase comp and collision deductibles and save – Physical damage coverage, aka comp and collision, covers your vehicle from damage. Examples of some claims that would be covered could be collision with another vehicle, damage caused by hail, or theft. Comp and collision deductibles define how much you are willing to pay out-of-pocket if a covered claim is submitted. The more money the insured is willing to pay, the bigger discount you will receive on 200 insurance.
  • Teenage drivers pay high premiums – Inexperience drivers have been known to be easily distracted when driving with friends and because of this, their insurance coverage rates are much higher. If you’ve ever had to add a young driver onto a policy can be quite pricey. Older people are shown to be more cautious, tend to file fewer claims and receive fewer citations.
  • Higher rates for tough jobs – Did you know your job can affect your rates? Careers like military personnel, business owners and medical professionals tend to pay higher average rates attributed to high stress and long work hours. On the flip side, careers such as scientists, students and homemakers pay lower than average rates on 200 insurance.
  • Single vs. married – Getting married may cut your premiums on your insurance coverage policy. It translates into being more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Lower premiums for safer vehicles – Vehicles that have high safety ratings tend to have lower insurance rates. Safer cars help reduce the chance of injuries in an accident and lower rates of occupant injuries means your insurance company pays less passed on to you as lower rates. If your Chrysler 200 earned at least four stars on Safercar.gov it may cost less to insure.
  • Do you really need roadside assistance? – Policies have extra bells and whistles that can add up if you don’t pay attention. Insurance for things like rental car reimbursement, accident forgiveness, and extra equipment coverage may not be needed and are just wasting money. They may seem like a good idea when you first buy your policy, but now you might not need them so remove them and pocket the money.

Different people need different insurance coverages

When choosing proper insurance coverage for your vehicles, there really is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover if you may require specific advice.

  • Is my 2014 Chrysler 200 covered for smoke damage?
  • Does car insurance cover theft of personal property?
  • Are split liability limits better than a combined single limit?
  • Do I benefit by insuring my home with the same company?
  • I have good health insurance, so how much medical payments coverage do I need?
  • What exactly is covered by my policy?
  • Am I covered if I break a side mirror?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of insurance companies in your area. It only takes a few minutes and can provide invaluable advice.

Car insurance coverage options for a Chrysler 200

Understanding the coverages of your policy aids in choosing which coverages you need and proper limits and deductibles. Car insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverage types found on the average car insurance policy.

Comprehensive car insurance

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as rock chips in glass, vandalism, falling objects and damage from flooding. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

This provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family and damage to your 2014 Chrysler 200.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits are set the same as your liablity limits.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance provide coverage for bills like surgery, ambulance fees and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Auto collision coverage

Collision coverage pays for damage to your 200 resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims like sustaining damage from a pot hole, sideswiping another vehicle, hitting a parking meter, colliding with a tree and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.

Auto liability

Liability insurance protects you from damages or injuries you inflict on people or other property that is your fault. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy 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 a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as legal defense fees, court costs and bail bonds. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

A penny saved is a penny earned

In this article, we presented quite a bit of information on how to compare 2014 Chrysler 200 insurance car insurance rates online. The key thing to remember is the more price quotes you have, the higher your chance of finding the cheapest insurance coverage. You may be surprised to find that the best car insurance rates are with the least-expected company. They may have significantly lower premium rates on certain market segments as compared to the big name companies such as Progressive and GEICO.

When searching for the cheapest insurance coverage quotes, it’s a bad idea to skimp on coverage in order to save money. Too many times, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase plenty of coverage at the best possible price but still have enough coverage for asset protection.

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