2005 Dodge Viper Car Insurance Rates

Want cheaper insurance rates for your Dodge Viper? I can’t think of a single person who looks forward to buying insurance, especially knowing their premiums are too high.

With consumers having so many companies to choose from, it can be hard to locate the best insurer.

Lesser-known factors impacting Dodge Viper insurance rates

It’s important that you understand the rating factors that play a part in calculating your insurance coverage rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Shown below are a few of the “ingredients” used by your company to calculate your rates.

  • Where you live is a factor – Residing in a rural area can be a good thing when insuring your vehicles. Drivers who live in large cities have to deal with much more traffic and longer commute times. Fewer people translates into fewer accidents.
  • Protect your assets with liability insurance – The liability section of your policy is the protection when a court rules you are at fault for personal injury or accident damage. It will provide legal defense coverage up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.
  • Better credit means lower rates – Your credit history is a important factor in calculating your insurance coverage rates. Therefore, if your credit history is not that good, you could save money insuring your 2005 Dodge Viper by improving your credit score. Consumers who have high credit scores tend to be less risk to insure than those with lower credit scores.
  • Car features impact rates – Owning a car with an alarm system can help lower your rates. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your vehicle from being stolen.

Pay less for Dodge Viper insurance

The price of auto insurance can be rather high, buy you may qualify for discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at quote time, but a few must be specially asked for in order for you to get them.

  • Clubs and Organizations – Being a member of a qualifying organization could qualify you for a break on insurance on Viper coverage.
  • Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
  • Multi-car Discount – Buying insurance for more than one vehicle with the same company qualifies for this discount.
  • Drivers Education – Require your teen driver to successfully complete driver’s ed class if it’s offered in school.
  • Anti-theft System – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.
  • Senior Discount – Older drivers may be able to get reduced rates on Viper coverage.
  • Early Signing – Some companies give discounts for switching to them prior to your current policy expiration. This can save 10% or more.

A little note about advertised discounts, some credits don’t apply to the entire cost. Most cut the cost of specific coverages such as liability, collision or medical payments. So when it seems like all the discounts add up to a free policy, it doesn’t quite work that way. But any discount will help reduce the cost of coverage.

A partial list of companies that may offer some of the above discounts may include but are not limited to:

Before buying, ask each company what discounts are available to you. Some discounts might not apply everywhere.

Is there deception in advertising?

Progressive, Geico, Allstate and State Farm consistently run television and radio advertisements. All the companies say the same thing of big savings if you change to their company. How does each company make the same claim?

All the different companies have a preferred profile for the driver they prefer to insure. For example, a preferred risk might be between 30 and 50, owns a home, and has great credit. A propective insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save quite a bit of money when switching.

Potential insureds who do not match the requirements will be charged higher rates which leads to business going elsewhere. The ads state “customers that switch” but not “drivers who get quotes” save that much money. That’s why companies can truthfully advertise the savings.

That is why you absolutely need to quote coverage with many companies. You cannot predict which car insurance company will give you the biggest savings on Dodge Viper insurance.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there isn’t really a best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that can help discover whether or not you would benefit from an agent’s advice.

  • Do I pay less if my vehicle is kept in my garage?
  • How much underlying liability do I need for an umbrella policy?
  • Will filing a claim cost me more?
  • Will my rates increase for filing one claim?
  • Am I covered if I crash into my own garage door?
  • What is an SR-22 filing?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area.

Insurance coverage options for a Dodge Viper

Having a good grasp of a insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverage types available from insurance companies.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your Dodge Viper.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like surgery, funeral costs, nursing services and rehabilitation expenses. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against claims from other people, and doesn’t 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. As an example, you may have policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things such as funeral expenses, pain and suffering, medical services and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Auto collision coverage

Collision insurance pays for damage to your Viper caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as driving through your garage door, backing into a parked car, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as damage from getting keyed, a tree branch falling on your vehicle, a broken windshield and hitting a deer. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Shop smart and save

When you buy insurance online, it’s not a good idea to skimp on coverage in order to save money. There are too many instances where drivers have reduced physical damage coverage only to discover later that the few dollars in savings costed them thousands. The aim is to purchase plenty of coverage at a price you can afford while still protecting your assets.

You just read many ways to compare 2005 Dodge Viper insurance prices online. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. You may be surprised to find that the lowest rates come from some of the lesser-known companies. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Progressive and Geico.

The cheapest insurance can be found both online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies don’t offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

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