How Much Does 2000 Dodge Neon Insurance Cost?

Searching for better auto insurance rates for your Dodge Neon? Shopping for low-cost auto insurance on the web may be intimidating for consumers not familiar with online price comaprisons. When there are so many companies in the marketplace, how can anyone possibly compare every company to locate the lowest rates?

Don’t miss these discounts

Car insurance can cost a lot, but discounts can save money and there are some available that you may not even be aware of. Certain discounts will be applied at the time you complete a quote, but a few must be requested specifically before they will apply.

  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Multiple Cars – Buying insurance for all your vehicles with the same company can get a discount on all vehicles.
  • Government Employees – Employees or retirees of the government can save as much as 8% on Neon insurance with a few car insurance companies.
  • Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Clubs and Organizations – Belonging to certain professional organizations could qualify you for a break on car insurance on Neon insurance.
  • Seat Belt Usage – Buckling up and requiring all passengers to wear their seat belts could save 15% on the medical payments or PIP coverage costs.
  • No Accidents – Good drivers with no accidents can save substantially when compared with accident-prone drivers.

It’s important to note that many deductions do not apply to the overall cost of the policy. Some only reduce individual premiums such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way. But any discount will reduce the cost of coverage.

To see a list of insurers offering car insurance discounts, click this link.

Factors that can influence Dodge Neon insurance rates

An important part of buying insurance is that you know the different types of things that help determine the rates you pay for auto insurance. Having a good understanding of what determines base rates empowers consumers to make smart changes that could result in big savings.

The following are some of the factors used by your company to calculate premiums.

  • One company can mean more discounts – Some companies will award you with lower prices to insureds who have multiple policies with them. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, it’s in your best interest to compare rates to ensure the best deal.
  • An active claims history can cost you – If you are a frequent claim filer, you can expect higher rates. Companies award cheaper rates to insureds who are claim-free. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Don’t get talked into coverage you don’t need – There are a ton of additional coverages that can waste your money if you aren’t careful. Insurance for vanishing deductibles, accident forgiveness and additional equipment coverage may be costing you every month. These may sound like a good investment initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • No coverage gaps is important – Letting your insurance expire is a quick way to increase your auto insurance rates. Not only will rates go up, failure to provide proof of insurance might get you a revoked license or a big fine.

When might I need help?

When buying adequate coverage for your vehicles, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining if your insurance needs might need an agent’s assistance.

  • What happens if I owe more than my 2000 Dodge Neon is worth?
  • Do I need rental car coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Should I have a commercial auto policy?
  • Are my friends covered when driving my car?
  • Can I make deliveries for my home business?
  • Do I have any recourse if my insurance company denies a claim?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form.

Do insurance companies bend the truth?

GEICO, State Farm and Progressive continually stream ads on television and other media. All the companies make the same claim about savings after switching your coverage to them. How do they all say the same thing? It’s all in the numbers.

Insurance companies have a preferred profile for the driver that earns them a profit. A good example of a driver they prefer could possibly be between 25 and 40, owns a home, and has a short commute. A propective insured that hits that “sweet spot” will get the preferred rates and most likely will cut their rates substantially.

Potential customers who don’t measure up to the requirements must pay a more expensive rate and ends up with the customer not buying. Company advertisements say “customers that switch” not “everyone that quotes” save that much money. This is how insurance companies can confidently claim big savings.

This illustrates why it’s extremely important to get a wide range of price quotes. It’s just too difficult to predict which insurance company will give you the biggest savings on Dodge Neon insurance.

Car insurance coverage information

Knowing the specifics of your car insurance policy helps when choosing which coverages you need for your vehicles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy.

Comprehensive coverage (or Other than Collision)

This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as fire damage, hail damage and hitting a deer. The most your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as funeral costs, hospital visits, doctor visits and EMT expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured Motorist or Underinsured Motorist insurance

This coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your 2000 Dodge Neon.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Auto liability

Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as medical services, repair bills for other people’s vehicles, attorney fees, loss of income and court costs. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Collision insurance

This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like backing into a parked car, damaging your car on a curb, sustaining damage from a pot hole and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

Shop smart and save

The cheapest 2000 Dodge Neon insurance can be bought on the web and also from your neighborhood agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not provide online price quotes and these small insurance companies work with independent agents.

As you shop your coverage around, never reduce needed coverages to save money. There are too many instances where an insured cut physical damage coverage and found out when filing a claim that they should have had better coverage. Your goal should be to find the BEST coverage at a price you can afford.

Throughout this article, we presented a lot of techniques to get a better price on insurance. The most important thing to understand is the more times you quote, the better chance you’ll have of finding lower rates. You may be surprised to find that the best price on insurance is with a small local company.

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