Cheaper 1995 Dodge Viper Insurance Rates

Drivers have lots of choices when trying to find the lowest priced Dodge Viper insurance. You can either spend your time driving around to compare prices or save time using the internet to find the lowest rates. There are both good and bad ways to buy insurance and you need to know the absolute fastest way to compare rates for your Dodge and locate the lowest possible price either online or from local insurance agents.

It’s smart to price shop coverage at least once a year because rates tend to go up over time. Even if you think you had the lowest price on Viper coverage a year ago other companies may now be cheaper. Starting now, block out anything you think you know about insurance because I’m going to teach you the easiest way to save on insurance.

Impacting insurance rates for a Dodge Viper

It’s important that you understand some of the elements that go into determining the rates you pay for insurance coverage. Having a good understanding of what controls the rates you pay enables informed choices that can help you get lower insurance coverage prices.

Listed below are a few of the “ingredients” insurance coverage companies consider when setting your rates.

  • Don’t sacrifice liability coverage – Liability coverage is the coverage that protects you when you are found liable for causing damage or personal injury in an accident. Liability provides legal defense starting from day one. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
  • Increase deductibles and save – Your deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Physical damage coverage, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a building, vandalism, and windstorm damage. The more money you are required to pay out-of-pocket, the lower your rates will be on Viper coverage.
  • Pleasure use or commuting – The higher the mileage driven in a year the higher your rates will be. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Vehicles left parked in the garage receive lower rates compared to those used for work or business. Improper usage on your Viper can result in significantly higher rates. Make sure your insurance coverage declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Careers like real estate brokers, executives and financial analysts have higher average rates attributed to high stress levels and lengthy work days. Conversely, occupations such as farmers, engineers and homemakers get better rates on Viper coverage.
  • Optional equipment can affect rates – Owning a car with an alarm system can get you a discount on your insurance coverage. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent auto theft.
  • More claims means more premium – If you file claims often, you can expect either higher rates or even cancellation. Insurance companies generally give lower rates to policyholders who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Bundling policies can get discounts – Most insurance companies will award you with lower prices to insureds who have multiple policies with them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even though this discount sounds good, you still need to comparison shop to confirm you are receiving the best rates possible.

More discounts equal less premium

Companies do not list all available discounts in a way that’s easy to find, so we break down some of the more common and the harder-to-find auto insurance savings. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.

  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks just for signing your application online.
  • Multiple Policy Discount – If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Discount for Good Grades – A discount for being a good student can save 20 to 25%. This discount can apply up until you turn 25.
  • Save with a New Car – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Claim Free – Drivers who don’t have accidents pay much less compared to accident-prone drivers.

It’s important to understand that most credits do not apply to the entire policy premium. Some only apply to individual premiums such as physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, auto insurance companies aren’t that generous.

To see a list of companies with the best auto insurance discounts, click this link.

Do insurance coverage companies bend the truth?

Consumers can’t ignore all the ads that promise big savings by Allstate and Progressive. All the ads make the same claim that you’ll save big if you change to their company.

But how can every company make almost identical claims? This is how they do it.

Insurance companies have a certain “appetite” for the type of driver that makes them money. For instance, a profitable customer might be between 30 and 50, is a homeowner, and has a high credit rating. A customer that hits that “sweet spot” will get the preferred rates and as a result will probably save quite a bit of money when switching.

Consumers who do not match the requirements will be charged a higher premium which usually ends up with the customer not buying. The ads say “customers that switch” not “everybody who quotes” save that much. That is how companies can advertise the savings. That is why it is so important to get quotes from several different companies. It’s impossible to know which insurance companies will give you the biggest savings on Dodge Viper insurance.

It’s not one size fits all

When choosing the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining whether you will benefit from professional help.

  • Can I make deliveries for my home business?
  • Should I waive the damage coverage when renting a car?
  • Should I buy additional glass protection?
  • What are the best liability limits?
  • Where can I get insurance after a DUI in my state?
  • Will filing a claim cost me more?
  • Do I need medical payments coverage since I have good health insurance?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Is my teen driver covered when they drive my company car?
  • Does my insurance cover my expensive audio equipment?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, free and you can get the answers you need.

Auto insurance specifics

Understanding the coverages of your policy helps when choosing which coverages you need and the correct deductibles and limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring.

Coverage for liability

This coverage protects you from injuries or damage you cause to people or other property that is your fault. It protects you against claims from other people, and does not provide coverage for 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. You might see values of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against claims such as repair bills for other people’s vehicles, bail bonds and pain and suffering. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like nursing services, hospital visits and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage pays for damage to your Viper from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as hitting a parking meter, crashing into a ditch, damaging your car on a curb, sustaining damage from a pot hole and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Uninsured and underinsured coverage

This gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Dodge Viper.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as damage from a tornado or hurricane, a tree branch falling on your vehicle, hitting a bird, rock chips in glass and a broken windshield. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Saving money is sweet as honey

We just showed you a lot of techniques to lower your 1995 Dodge Viper insurance rates. The key concept to understand is the more times you quote, the better your chances of lowering your rates. You may even discover the lowest premiums are with a small local company.

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage for the lowest price while still protecting your assets.

Insureds switch companies for any number of reasons including extreme rates for teen drivers, policy cancellation, an unsatisfactory settlement offer or even policy non-renewal. It doesn’t matter what your reason, finding the right auto insurance provider can be less work than you think.

Additional information