Dodge Magnum Insurance Rates

Finding cheaper auto insurance online is easy and there is a good chance you can save money. The key is to compare as many rate quotes as possible in order to have every option.

Consumers who are new to the process of shopping for insurance may think buying cheap Magnum insurance is very challenging. Finding a lower price on Magnum insurance is not rocket science. You just have to take a little time getting comparison quotes from different insurance companies. It is quite easy and can be accomplished by comparing rates here.

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Car insurance premiums for a Dodge Magnum will vary greatly based upon several criteria. Some of these factors include:

Your driving record
Your credit history
The size of your community
How many miles you drive
Men typically pay more than women
Deductible amount directly impacts your rate
Safety rating of your Magnum
Your claim history
Having continuous coverage saves you money
Whether you own your home

An additional factor which can affect Magnum insurance rates is the year of the vehicle. Newer models have a higher actual cash value than older models so repair costs are higher which will push premiums up. Although more recent Dodge vehicles may have safety features included like sideview assist mirrors, pedestrian detection, lane departure warning system, and tire pressure monitors so those may lower rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle below.

Liability coverage

Liability insurance will cover damage that occurs to other people or property that is your fault. Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Liability insurance is relatively cheap so you should buy as much as you can afford.

Collision coverage

This will pay to fix damage to your Dodge caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder. Magnum collision insurance is rather expensive coverage, so consider dropping it from older vehicles. You can also raise the deductible in order to get cheaper Magnum insurance rates.

Comprehensive coverage

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage. The maximum amount you'll receive from a claim is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle's occupants from other motorists when they are uninsured or don't have enough coverage. 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 should not be overlooked.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as nursing services, prosthetic devices, and dental work. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. PIP is only offered in select states and gives slightly broader coverage than med pay.

How Much are Dodge Magnum Insurance Rates?