2001 Dodge Viper Insurance Rates – 8 Ways to Save

Paying for high-priced Dodge Viper insurance can take a big chunk out of your bank account and force you to prioritize other expenses. Shopping your coverage around is a smart way to lower your monthly bill. Since consumers have many insurance companies to choose from, it’s difficult to locate the lowest price car insurance company.

Consumers should take time to shop coverage around at least once a year since rates are variable and change quite frequently. Just because you found the lowest price on Viper insurance last year there is a good chance you can find better rates now. Forget all the misinformation about insurance coverage because you’re about to find out the things you must know in order to get good coverage at a lower rate.

Finding the best rates is not rocket science. If you have a policy now or need new coverage, you can use these tips to get lower rates and still get good coverage. Consumers just need to understand the tricks to shop over the internet.

The quickest way to compare policy rates utilizes the fact car insurance companies participate in online systems to compare rate quotes. To get started, all you need to do is give them rating details including whether you are married, whether your vehicle is owned or leased, which vehicles you own, and how much coverage you want. Your insurance information is automatically sent to all major companies and you get price estimates with very little delay.

Misconceptions in insurance coverage advertisements

Drivers get pounded daily by advertisements for the lowest price auto insurance by companies like Progressive, GEICO, Allstate and State Farm. All the companies make an identical promise about savings if you move to them.

How can each company say the same thing? It’s all in the numbers.

All the different companies are able to cherry pick for the type of customer that earns them a profit. For instance, a preferred risk could be between 30 and 50, has no tickets, and has a high credit rating. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and as a result will probably pay quite a bit less when switching companies.

Consumers who are not a match for these standards will be quoted higher rates which leads to business going elsewhere. The ad wording is “drivers who switch” not “people who quote” save that much money. That is how companies can truthfully advertise the way they do. This emphasizes why it is so important to compare many company’s rates. It’s just too difficult to predict which insurance coverage company will provide you with the cheapest Dodge Viper insurance rates.

Save with discounts on 2001 Dodge Viper insurance

Auto insurance companies don’t necessarily list all available discounts in a way that’s easy to find, so here is a list some of the best known as well as the least known car insurance savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Fewer Miles Equal More Savings – Driving fewer miles can earn discounted rates on garaged vehicles.
  • Federal Government Employee – Active or retired federal employment may qualify you for a discount on Viper insurance with certain companies.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save up to 15% off the personal injury premium cost.
  • Claim Free – Drivers who don’t have accidents pay less compared to frequent claim filers.
  • Auto/Home Discount – When you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
  • Club Memberships – Being a member of a professional or civic organization could qualify you for a break when shopping for car insurance on Viper insurance.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Some only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies don’t profit that way.

Car insurance companies who might offer these benefits include:

Check with all companies you are considering how you can save money. Discounts might not be offered everywhere.

Tailor your coverage to you

When it comes to choosing proper insurance coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions may help highlight whether your personal situation would benefit from professional advice.

  • When should I not file a claim?
  • Am I covered if my car is in a flood?
  • Can I make deliveries for my home business?
  • Does my car insurance cover rental cars?
  • How much can I save by bundling my policies?
  • When would I need rental car insurance?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Insurance coverage options for a 2001 Dodge Viper

Knowing the specifics of insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverages found on most insurance policies.

Collision coverage – This pays for damage to your Viper caused by collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like colliding with another moving vehicle, crashing into a ditch, scraping a guard rail and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for expenses for things like doctor visits, dental work, pain medications, chiropractic care and prosthetic devices. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Coverage for liability – Liability insurance can cover injuries or damage you cause to people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for claims such as pain and suffering, structural damage, medical expenses and emergency aid. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.

Comprehensive coverage – This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, a broken windshield, theft and falling objects. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Dodge Viper.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

In Summary

Cheap 2001 Dodge Viper insurance can be purchased both online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

You just read many ideas to save on insurance. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. Drivers may discover the lowest priced insurance coverage comes from the smaller companies. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.

Other resources