Save on 2011 Chrysler 200 Insurance Rates

Finding affordable insurance coverage can be nearly impossible for people who are new to buying insurance online. You have so many choices that it can quickly become a big hassle to compare prices.

The purpose of this post is to instruct you on how to get online quotes and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to save some money using these tips. But consumers must understand how companies price online insurance.

Compare Quotes for Insurance Coverage

When shopping for insurance coverage there are multiple ways to compare rate quotes from insurance coverage companies in your area. The simplest method to compare 2011 Chrysler 200 insurance prices is to get quotes online. This can be accomplished in a couple of different ways.

  1. The most efficient way to get quotes would be an industry-wide quote request form like this one (opens in new window). This method keeps you from doing separate quotes to each individual insurance coverage company. One form gets you price quotes from multiple low-cost companies. This is by far the quickest method.
  2. A different way to analyze rates is to take the time to go to the website of each company and request a quote. For examples sake, we’ll assume you want rates from Geico, Allstate and State Farm. You would have to visit each site to enter your coverage information, which is why most consumers use the first method. To view a list of companies in your area, click here.
  3. The least recommended method to get comparison rates is driving around to and from local insurance agencies. Shopping for insurance coverage online can eliminate the need for a local agent unless you have a need for the professional advice that only a license agent can provide. However, consumers can price shop online but still have the advice of a local agent and we’ll cover that in a bit.

It’s your choice how you get your quotes, but double check that you are using identical coverage limits and deductibles with every price quote. If you enter different deductibles it’s not possible to determine the best price for your Chrysler 200. Having just a slight variation in coverages can mean a large discrepancy in price. And when price shopping your coverage, obtaining a wide range of quotes gives you a better chance of getting lower pricing.

Buyer beware of car insurance advertising tricks

Car insurance companies such as State Farm, Geico and Progressive constantly bombard you with television and radio advertisements. They all seem to make the same claim of big savings if you switch to their company. How do they all make the same claim?

All companies are able to cherry pick for the type of customer that earns them a profit. For example, a preferred risk could be between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile will get the preferred rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who fall outside this ideal profile must pay a more expensive rate which usually ends up with business going elsewhere. The ad wording is “people who switch” not “everyone that quotes” save money. That is how insurance companies can confidently make those claims.

This illustrates why it’s extremely important to get as many quotes as possible. It is impossible to predict which company will fit your personal profile best.

Factors that can influence Chrysler 200 insurance rates

Consumers need to have an understanding of some of the elements that come into play when calculating your insurance coverage rates. When you know what positively or negatively determines base rates allows you to make educated decisions that could result in much lower annual insurance costs.

The list below includes some of the factors companies use to determine premiums.

  • Higher deductibles cost less – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Chrysler. Some examples of claims that would be covered could be running into the backend of another car, damage from fire, and windstorm damage. Physical damage deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The higher the amount the insured has to pay upfront, the bigger discount you will receive for 200 insurance.
  • Proper usage rating affects rates – The more you drive in a year’s time the higher your rate. Almost all companies rate vehicles based upon how you use the vehicle. Autos used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your insurance coverage policy is showing the correct driver usage, because it can save money. If your policy improperly rates your 200 may be wasting your money.
  • Tickets mean higher rates – Whether or not you get tickets has a huge affect on how much you pay. Only having one speeding ticket can boost insurance rates by as much as thirty percent. Careful drivers get better rates than people who have multiple driving citations. Drivers with severe tickets such as reckless driving, hit and run or driving under the influence are required to file a SR-22 with the DMV in their state in order to drive a vehicle legally.
  • Your insurance coverage rates can be influenced by your job – Occupations like judges, social workers and stock brokers have the highest rates because of stressful work requirements and long work days. On the other hand, jobs such as scientists, students and retirees get better rates for 200 insurance.
  • Better credit scores mean better rates – Your credit score is a large factor in determining your rates. So if your credit score is lower than you’d like, you could potentially save money when insuring your 2011 Chrysler 200 by spending a little time repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with poor credit.

Save with discounts on 2011 Chrysler 200 insurance

Insurance can be prohibitively expensive, but discounts can save money and there are some available to cut the cost considerably. Certain discounts will be triggered automatically when you quote, but lesser-known reductions have to be specially asked for in order for you to get them.

  • Multiple Policy Discount – If you have multiple policies with one insurance company you may save at least 10% off all policies.
  • Seat Belt Usage – Requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Service Members Pay Less – Being on active duty in the military can result in better rates.
  • Organization Discounts – Participating in certain professional organizations could qualify you for a break on car insurance for 200 insurance.
  • Discount for New Cars – Adding a new car to your policy is cheaper compared to insuring an older model.
  • Government Employees – Being employed by or retired from a federal job can save as much as 8% for 200 insurance depending on your company.
  • Multiple Vehicles – Buying insurance for multiple vehicles with the same company can get a discount on all vehicles.
  • Accident Free – Claim-free drivers can save substantially as compared to accident-prone drivers.
  • Accident Waiver – Certain companies will allow you to have one accident before your rates go up if you are claim-free for a certain period of time.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will help reduce the cost of coverage.

Insurance companies that may offer these money-saving discounts are:

Before buying, ask each company what discounts are available to you. Some discounts might not apply everywhere.

Tailor your coverage to you

When it comes to choosing the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Each situation is unique.

These are some specific questions could help you determine if your situation would benefit from an agent’s advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • I have a DUI can I still get coverage?
  • Do I need more liability coverage?
  • When does my teenage driver need to be added to my policy?
  • Does my 2011 Chrysler 200 qualify for pleasure use?
  • Why am I required to buy liability insurance?
  • What discounts do I qualify for?
  • Am I covered when driving a rental car?

If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form.

Auto insurance coverage options for a Chrysler 200

Understanding the coverages of auto insurance helps when choosing appropriate coverage for your vehicles. Auto insurance terms can be confusing and even agents have difficulty translating policy wording.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Chrysler 200.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are similar to your liability insurance amounts.

Collision coverages – Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims like backing into a parked car, sideswiping another vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to get cheaper collision coverage.

Liability car insurance – This coverage can cover damages or injuries you inflict on people or other property in an accident. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as legal defense fees, medical services, bail bonds and structural damage. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Medical costs insurance – Medical payments and Personal Injury Protection insurance pay for bills like rehabilitation expenses, X-ray expenses, pain medications, surgery and doctor visits. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from a tornado or hurricane, theft, fire damage, damage from getting keyed and hail damage. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Feed the piggy bank

When trying to cut insurance costs, you should never sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced liability coverage limits only to find out that it was a big mistake. Your goal should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

We covered a lot of information how to shop for 2011 Chrysler 200 insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. Consumers may even find the most savings is with a smaller regional carrier.

Cheaper insurance can be sourced on the web in addition to many insurance agents, so compare prices from both to have the best rate selection. Some car insurance companies do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

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