Save on 2007 Dodge Magnum Car Insurance Rates

Looking for cheaper car insurance rates for your Dodge Magnum? Comparing car insurance rates online can seem complicated if you are a beginner to quoting online. But relax because online price shopping is actually quite simple.

Comprehensive Car Insurance Comparison

To find the best car insurance prices, there are several ways to compare quotes from different insurance companies. By far the easiest way to find the cheapest 2007 Dodge Magnum insurance rates is to use the internet to compare rates. This is very easy and can be done using a couple different methods.

The fastest way to find the lowest comparison rates is a comparison rater form like this one (opens in new window). This method saves time by eliminating multiple quote forms for every car insurance company. Taking the time to complete one form will return quotes from car insurance companies with the best prices. Just one form and you’re done.
A more time consuming way to compare rate quotes requires a trip to each company’s website and fill out their own quote form. For examples sake, we’ll assume you want comparison quotes from Nationwide, Esurance and Geico. To find out each rate you need to go to every website and enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but ensure you’re using the exact same information with every price quote. If you have mixed coverages it’s not possible to decipher which rate is best. Quoting even small variations in limits may cause a big price difference. And when comparison shopping, comparing more company’s prices gives you a better chance of getting a lower rate.

Be sure to get all your discounts

Insurance can cost an arm and a leg, but you can get discounts that many people don’t even know exist. Certain discounts will be applied when you purchase, but a few need to be inquired about prior to receiving the credit.

Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you will save up to 20% off your total premium.
Life Insurance Discount – Some companies give lower rates if you buy life insurance.
Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
Memberships – Participating in a professional or civic organization could trigger savings on your policy on Magnum insurance.
Discount for New Cars – Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
Discount for Good Grades – Performing well in school can save 20 to 25%. The discount lasts well after school through age 25.
Sign Online – Certain companies give back up to $50 for buying your policy on their website.
Sign Early and Save – Some insurance companies reward drivers for switching policies prior to your current policy expiring. It can save you around 10%.
Accident Waiver – A handful of insurance companies allow you one accident without raising rates if you are claim-free prior to the accident.

Drivers should understand that many deductions do not apply to the overall cost of the policy. Most only apply to individual premiums such as medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, companies don’t profit that way. But any discount will reduce the cost of coverage.

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

Check with every prospective company what discounts are available to you. Some discounts may not apply in your state.

How do I know if I need professional advice?

When it comes to buying coverage, there really is not a best way to insure your cars. Every insured’s situation is different.

Here are some questions about coverages that may help you determine whether or not you would benefit from an agent’s advice.

Does my insurance cover damage caused when ticketed for reckless driving?
Is my teen driver covered when they drive my company car?
Will my vehicle be repaired with OEM or aftermarket parts?
Is my babysitter covered when using my vehicle?
Is my teenager covered with friends in the car?
Am I covered if hit by an uninsured driver?
Do I need to file an SR-22 for a DUI in my state?
Does coverage extend to a rental car in a foreign country?
Do I need more liability coverage?
Am I better off with higher deductibles on my 2007 Dodge Magnum?

If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.

Insurance coverage breakdown

Knowing the specifics of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Coverage for collisions

Collision coverage will pay to fix damage to your Magnum resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Dodge Magnum.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time these coverages are set the same as your liablity limits.

Liability coverage

Liability insurance provides protection from damage that occurs to a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like legal defense fees, attorney fees and pain and suffering. How much coverage you buy is your choice, but buy as much as you can afford.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance kick in for bills for pain medications, hospital visits, nursing services, prosthetic devices and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as theft, a tree branch falling on your vehicle, hitting a bird and damage from getting keyed. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.