How Much Does It Cost to Insure a Dodge Charger?

Last Updated on January 22, 2023

The Dodge Charger is one of America’s most popular vehicles. According to our research, the average Dodge Charger driver in the United States pays around $1,959 per year for full coverage car insurance.

The average American pays around $1,450 per year for full coverage car insurance. However, the Dodge Charger has comparable insurance premiums to other vehicles in its class. And, many drivers pay significantly less for Dodge Charger insurance by shopping around and comparing premiums.

Keep reading to find out everything you need about the cost of insuring a Dodge Charger.

Best Insurance Companies for Dodge Charger Owners

It Costs $1,959 Per Year, On Average, to Insure a Dodge Charger

We compared quotes from dozens of providers across the United States. We requested quotes in all 50 states for a range of model driver profiles. We checked prices for younger, inexperienced drivers and older, experienced drivers. We checked how prices changed based on age, gender, driving history, and location.

After compiling all of this data, we found the average Dodge Charger driver in the United States pays around $1,959 per year for full coverage car insurance, or around $160 per month.

However, because of state insurance laws, Dodge Charger model years, and other factors, some drivers pay significantly less than this amount, while others pay significantly more. Drivers with a 2023 Dodge Charger, for example, can pay over $3,000 per year for insurance, while drivers with an older Dodge Charger could pay under $1,500 per year.

By comparing quotes and checking premiums, you can save hundreds per year on Dodge Charger car insurance.

Most Important Dodge Charger Car Insurance Factors

Dodge Charger drivers in Florida pay more than $3,103 per year for car insurance, on average, while the same drivers in Maine pay less than $1,800 per year. State insurance laws, driving history, and other factors impact the price of Dodge Charger car insurance.

Here are some of the most important things insurers consider when calculating Dodge Charger insurance premiums:

Coverage Limits: Most Dodge Charger owners carry full coverage car insurance to protect the full value of their vehicle. However, some drivers carry liability limits over $1 million, while others carry liability coverage to meet minimum insurance requirements. Depending on coverage limits, you could pay more or less for Dodge Charger car insurance.

Driving History & Experience: How old were you when you got your license? How many accidents do you have in the last 3 to 7 years? Do you have any DUIs, speeding tickets, or citations in the last five years? Insurers pull your driving record to determine risk. If you have a history of accidents and citations, you’re a higher-risk driver than someone with a clean record.

Location: Location impacts the price of Dodge Charger insurance in multiple ways. Insurers consider your ZIP code, for example. Some ZIP codes have high population densities, while others have high crime rates, increasing the risk of vehicle theft or vandalism. Insurers also charge different rates based on state insurance laws. Each state has its own insurance system, and insurers must work within the boundaries of this system. States with strict insurance laws and high minimum requirements have higher Dodge Charger insurance premiums than states with lower insurance limits.

Annual Mileage & Vehicle Usage: Many insurers charge different rates for pleasure vehicles than ordinary commuter vehicles. The average American drives around 14,000 miles per year. If you drive significantly fewer miles per year on your Dodge Charger, you could save hundreds per year on car insurance. Some Dodge Charger owners only drive their cars in the summer, for example, while others use a different car to commute.

Model Year & Vehicle Value: When you buy full coverage car insurance on a Dodge Charger, the insurer is agreeing to cover the full value of the vehicle up to a maximum limit. A new Dodge Charger has a much higher value than an old Dodge Charger, all else being equal. The average Dodge Charger owner in the United States pays around $1,959 per year for full coverage car insurance. Still, those who drive newer model-year Dodge Chargers could pay significantly more than that amount. Our analysis included all Dodge Charger model years going back 5 to 10 years.

Insurance Company: Some insurance companies are known for offering competitive prices on Dodge Chargers, while others charge comparatively high rates. Based on your insurance company, you could pay higher or lower rates for your Dodge Charger.

Discounts, Payment Method, and Other Factors: Overall, insurers consider hundreds of factors when calculating how much you’ll pay to insure a Dodge Charger. Some Dodge Charger owners qualify for safety equipment discounts or good student discounts. Other Dodge Charger owners save money by paying for their policy in full upfront instead of going month-to-month.

Best Insurance Companies for Dodge Charger Owners

Some insurers have a proven track record of charging cheaper than average rates for Dodge Chargers. They like having Dodge Chargers to balance the insurance pool. Other companies dissuade Dodge Charger owners by charging comparatively high rates.

Here are some of the best insurance companies for Dodge Charger owners:

  1. USAA
  2. Erie
  3. Nationwide
  4. GEICO
  5. State Farm
  6. Progressive
  7. American Family

However, the best insurance company for a Dodge Charger varies based on your state. Some insurance companies have a strong regional presence and charge cheaper rates, for example. That’s why it’s important to compare Dodge Charger insurance quotes in your ZIP code.

Final Word – Dodge Charger Insurance Cost

According to our research, the average Dodge Charger owner in the United States pays around $1,959 per year for full-coverage car insurance. However, you could pay significantly more or less based on your ZIP code, vehicle value, annual mileage, and hundreds of other factors.

By comparing quotes from top insurers in your area, you can find the best possible Dodge Charger insurance for your unique driver profile and coverage preferences.

James Shaffer
James Shaffer James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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