How Much Does 2016 Chrysler 300 Insurance Cost?

Did budget coverage turn out to be an expensive insurance coverage policy? Say no more because many drivers have buyer’s remorse. Many car insurance companies vie for your business, so it can be very hard to choose a insurer to discover the definitive lowest rate

You need to compare premium rates on a regular basis because insurance coverage prices change quite often. Even if you got the best deal on 300 insurance a couple years back you may be paying too much now. Forget all the misinformation about insurance coverage because it’s time to teach you the proper way to save money, get proper coverage and the best rates.

If you have a current auto insurance policy or need a new policy, you can learn to cut your premiums while maintaining coverages. Choosing the best insurance company for you is easy if you know what you’re doing. Drivers just need to learn how to find the lowest price over the internet.

Quote insurance coverage online

Shopping for lower insurance coverage rates can be exhausting if you don’t utilize the easiest way. You can waste a lot of time talking about coverages with agents in your area, or you could save time and use the web to get prices fast.

Most of the larger companies participate in a marketplace where prospective buyers send in one quote, and at least one company can provide price quotes for coverage. This saves time by eliminating quote forms for each company you want a rate for.

To find out what other companies charge click here (opens in new window).

The one disadvantage to pricing coverage this way is you cannot specify the companies you want to price. So if you want to select individual companies to request quotes from, we put together a list of companies who write insurance coverage in your area. View list of insurance companies.

It doesn’t matter which method you choose, just be certain you are entering nearly identical quote information for each price quote. If you have higher or lower deductibles it will be very difficult to find the best deal for your Chrysler 300.

Lower rates by qualifying for discounts

Companies do not list every discount in a way that’s easy to find, so the below list has some of the best known as well as some of the hidden credits that you can use to lower your rates.

Federal Employees – Simply working for the federal government may reduce rates when you quote car insurance on 300 insurance with a few insurance companies.
Mature Driver Discount – Drivers that qualify as senior citizens can possibly qualify for better insurance rates on 300 insurance.
Passive Restraints – Vehicles equipped with air bags or motorized seat belts can get savings of 20% or more.
Data Collection Discounts – Drivers who elect to allow their insurance company to monitor when and where they use their vehicle by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they exhibit good driving behavior.
Distant Student Discount – Youth drivers who are attending college and do not have a car may be able to be covered for less.
Driver’s Ed – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education in school.

Discounts lower rates, but most credits do not apply to the overall cost of the policy. A few only apply to individual premiums such as comprehensive or collision. Even though the math looks like all the discounts add up to a free policy, it’s just not the way it works.

A list of companies and a partial list of their discounts include:

Farm Bureau may have discounts that include youthful driver, multi-vehicle, safe driver, multi-policy, 55 and retired, and driver training.
MetLife policyholders can earn discounts including multi-policy, claim-free, good student, defensive driver, accident-free, good driver
Progressive offers premium reductions for multi-policy, homeowner, online signing, multi-vehicle, online quote discount, continuous coverage, and good student.
AAA has discounts for education and occupation, anti-theft, good driver, multi-car, AAA membership discount, and pay-in-full.
American Family may include discounts for TimeAway discount, good driver, Steer into Savings, early bird, multi-vehicle, bundled insurance, and mySafetyValet.
Geico discounts include defensive driver, military active duty, seat belt use, air bags, and multi-vehicle.
State Farm may offer discounts for accident-free, good student, driver’s education, anti-theft, and multiple autos.

When getting a coverage quote, ask each company how many discounts you can get. Some credits might not apply in your area. To see providers that offer many of these discounts, click here.

Insurance is unique, just like you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different so your insurance needs to address that. For example, these questions might help in determining if you would benefit from an agent’s advice.

When can my company non-renew my policy?
Should I drop comprehensive coverage on older vehicles?
Is a fancy paint job covered?
Am I missing any policy discounts?
Do all my vehicles need collision coverage?
How much can I save by bundling my policies?
Am I covered if I drive in a foreign country?
Can I afford to pay high deductible claims out of pocket?
Does coverage extend to my business vehicle?
Can my teen driver be rated on a liability-only vehicle?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

Auto insurance 101

Learning about specific coverages of your policy can help you determine the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are typical coverages found on the average car insurance policy.

Coverage for liability

This coverage protects you from damages or injuries you inflict on a person or their property. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability insurance covers claims like structural damage, attorney fees, legal defense fees, medical expenses and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as dental work, doctor visits, EMT expenses and pain medications. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision coverage

Collision insurance pays for damage to your 300 resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as colliding with a tree, sustaining damage from a pot hole, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like vandalism, hitting a bird, fire damage and a broken windshield. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chrysler 300.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.