View 2016 Chrysler 300 Car Insurance Cost

Searching for lower insurance rates for your Chrysler 300? Are you regretting the purchase of an underperforming, overpriced insurance policy? Believe me when I say there are many consumers feeling the pinch from expensive insurance.

Multiple insurers compete for your business, so it can be very hard to choose a insurance company and get the definite best rate

It’s smart to shop coverage around at least once a year due to the fact that insurance prices are constantly changing. Despite the fact that you may have had the best price for 300 insurance at your last renewal there may be better deals available now. Forget anything you know (or think you know) about insurance because we’re going to show you how to use online quotes to find better rates and still maintain coverage.

If you currently have car insurance, you should be able to reduce your rates substantially using this information. Finding the best rates is quite easy. Although drivers do need to understand the methods companies use to determine prices and apply this information to your search.

Why smart buyers pay less for Chrysler 300 insurance

Many different elements are used when you get your auto insurance bill. Some factors are common sense like your driving record, although others are more obscure like your vehicle usage or your commute time.Smart consumers have a good feel for some of the elements that aid in calculating your policy premiums. When you understand what influences your rates, this helps enable you to make changes that will entitle you to lower rates.

The list below includes most of the major factors utilized by car insurance companies to help set your premiums.

  • Safer occupants lowers prices – Vehicles that have high safety ratings cost less to insure. Highly rated vehicles reduce injuries and reduced instances of injuries means your insurance company pays less which can result in lower premiums.
  • How many miles do you drive? – Driving a lot of miles annually the higher your rates will be. The majority of insurers calculate prices based on their usage. Cars used primarily for pleasure use cost less to insure compared to those used for work or business. It’s a smart idea to ensure your car insurance policy is showing the correct usage. A policy that improperly rates your 300 is throwing money out the window.
  • Avoid traffic tickets – Even one speeding ticket or other violation can increase rates twenty percent or more. Attentive drivers pay less for auto insurance compared to drivers with tickets. Drivers who have flagrant violations like DUI or reckless driving may find they need to maintain a SR-22 with their state’s licensing department in order to legally drive.
  • Responsible credit means lower costs – Having a bad credit score can be a huge factor in calculating your premium rate. If your credit score could use some work, you could pay less to insure your 2016 Chrysler 300 by spending a little time repairing your credit. People that have high credit ratings tend to file fewer claims and have better driving records than drivers with worse credit.

Low cost car insurance

Comparing car insurance rates can take hours if you aren’t aware of the easiest way. You can waste a lot of time talking about coverages with local insurance agents in your area, or you could save time and use the internet to get prices fast.

Most car insurance companies take part in a program where prospective buyers send in one quote, and at least one company can provide price quotes based on that data. This prevents consumers from doing quote forms for each company you want a rate for.

To enter your information into the quoting system, click here (opens in new window).

The one downside to using this type of form is buyers cannot specifically choose the providers you will receive quotes from. If you wish to select specific insurance companies to compare prices, we have a listing of the cheapest car insurance companies in your area. View list of insurance companies.

How you compare quotes is your choice, just make sure you compare apples-to-apples coverage information on every quote you get. If each company quotes different limits and deductibles on each one it’s impossible to make an equal comparison. Having just a slight variation in insurance coverages may result in large price differences. And when price shopping your coverage, obtaining a wide range of quotes will increase your chances of finding the best rates. Some companies don’t provide online rate quotes, so you should also compare rates from the smaller companies as well.

Do drivers who switch really save $449 a year?

Big name companies like GEICO, State Farm and Progressive seem to constantly run ads on TV and radio. All the ads say the same thing that drivers will save a bundle if you just switch your insurance coverage policy to them. Is it even possible that every company can save you money?

Many companies give the cheapest rates for the type of driver that makes them money. One example of this type of risk profile may be over the age of 45, has had continuous coverage, and drives less than 7,500 miles a year. Anyone who matches that profile will get low car insurance rates and will probably save quite a bit of money when switching.

Insureds who fall short of those criteria will be charged higher premiums which usually ends up with the customer buying from someone else. The ads state “people who switch” not “everyone that quotes” save the amount stated. That’s the way companies can truthfully make claims that they all have the best premium rates.

That is why drivers must get price quotes at each policy renewal. It is just not possible to predict which company will give you lower car insurance rates than your current company.

Do you qualify for discounts?

Companies offering auto insurance do not advertise every policy discount very well, so the next list breaks down both well-publicized and the harder-to-find insurance savings.

  • Active Service Discounts – Being on active duty in the military could be rewarded with lower premium rates.
  • Senior Citizen Discount – Older drivers could receive lower premium rates for 300 insurance.
  • Drivers Education – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education if offered at their school.
  • Discounts for Cautious Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates for 300 insurance than their less cautious counterparts.
  • College Student – Kids who are enrolled in higher education away from home without a vehicle on campus could get you a discount.
  • Multi-car Discount – Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.

Discounts save money, but please remember that most discount credits are not given to the entire cost. Most only apply to the cost of specific coverages such as collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, that’s just not realistic.

A few popular companies and a summarized list of policyholder discounts are included below.

  • State Farm may offer discounts for student away at school, safe vehicle, good student, anti-theft, Drive Safe & Save, and multiple autos.
  • Liberty Mutual may have discounts that include hybrid vehicle, teen driver discount, new move discount, newly married, multi-policy, and good student.
  • American Family offers premium reductions for air bags, early bird, bundled insurance, accident-free, good driver, good student, and defensive driver.
  • Progressive may include discounts for good student, continuous coverage, online signing, homeowner, multi-policy, and multi-vehicle.
  • Farmers Insurance discounts include good student, teen driver, youthful driver, electronic funds transfer, multi-car, and business and professional.
  • Auto-Owners Insurance includes discounts for multiple vehicles, safe vehicle, company car, paid in full, teen driver, student away at school, and good student.
  • SAFECO has discounts for safe driver, bundle discounts, homeowner, teen safe driver, and anti-theft.

When getting free auto insurance quotes, it’s a good idea to each company or agent which discounts you may be entitled to. Some of the earlier mentioned discounts may not be offered in every state. For a list of insurance companies who offer cheap insurance quotes, click this link.

Don’t assume everyone needs the same car insurance coverage

When it comes to buying adequate coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions can help discover if your insurance needs would benefit from professional advice.

  • What discounts do I qualify for?
  • Does my 2016 Chrysler 300 qualify for pleasure use?
  • Is my custom paint covered by insurance?
  • When should my teen driver be added to my policy?
  • How can I get high-risk coverage after a DUI?
  • When would I need rental car insurance?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Detailed coverages of your car insurance policy

Having a good grasp of your car insurance policy can help you determine the right coverages at the best deductibles and correct limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverage types found on the average car insurance policy.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chrysler 300.

Because many people only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Usually these coverages are similar to your liability insurance amounts.

Liability coverages – This provides protection from damage that occurs to people or other property in an accident. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like loss of income, emergency aid and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Comprehensive insurance – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as vandalism, a tree branch falling on your vehicle and hail damage. The highest amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for expenses for things like surgery, rehabilitation expenses and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as sideswiping another vehicle, hitting a mailbox, crashing into a ditch, backing into a parked car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to get cheaper collision coverage.

Pennies from heaven

Cost effective 2016 Chrysler 300 insurance can be sourced both online and from local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers don’t offer internet price quotes and many times these smaller companies only sell coverage through independent agents.

When buying insurance coverage, do not skimp on critical coverages to save a buck or two. There have been many situations where someone sacrificed uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

Additional information