If you're shopping for lower-cost insurance, are you baffled by the number of insurance providers available to you? There are so many choices that it can really be a ton of work to find the best rates for Dodge Challenger insurance in Buffalo. Buffalo is a great city to live in, but expensive insurance rates can make it difficult for lots of drivers to affordably buy enough coverage.
How to save money on Dodge Challenger insurance in Buffalo
If saving the most money is your goal, then the best way to get low-cost car insurance rates is to regularly compare quotes from providers who sell insurance in Buffalo.
- First, learn about how auto insurance works and the measures you can control to keep rates in check. Many rating factors that cause high rates such as speeding tickets, accidents and an imperfect credit score can be improved by being financially responsible and driving safely.
- Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO or State Farm, while independent agencies can provide rate quotes from multiple insurance companies.
- Third, compare the price quotes to the price on your current policy to determine if you can save on Challenger insurance. If you can save money, ensure coverage does not lapse between policies.
- Fourth, notify your current company to cancel your current auto insurance policy. Submit a down payment along with a signed application for the new policy. Immediately upon receiving it, store the proof of insurance certificate with the vehicle registration.
An essential thing to point out is to use the same coverage limits and deductibles on every price quote and and to get rates from as many carriers as you can. Doing this helps ensure a level playing field and a complete selection of prices.
Smart shoppers know that car insurance companies don't want their customers to go rate shopping. Drivers who shop around once a year are inclined to buy a different policy because there is a high probability of finding a policy with more affordable rates. A study discovered that people who did price comparisons regularly saved an average of $72 a month compared to people who don't make a habit of comparing rates.
If finding budget-friendly car insurance is your intention, then having an understanding of how to get free comparison quotes and analyze car insurance can save time, money, and frustration.
If you are already insured, you stand a good chance to be able to find the best rates using the concepts covered in this article. Quoting and buying affordable car insurance in Buffalo is simple if you know the tricks. Although New York drivers need to have an understanding of the way insurance companies charge you for coverage and use it to find better rates.
To find the best car insurance quotes, there are several ways to compare rate quotes from many available car insurance companies in New York. One of the best ways to compare rates is to jump online and get quotes. Just keep in mind that comparing all the rates in your area gives you a better chance of getting a better price. Some smaller insurers do not give Buffalo Challenger insurance quotes online, so you also need to get rates from the smaller companies as well.
The companies shown below offer free rate quotes in New York. To buy cheap auto insurance in NY, we suggest you visit two to three different companies to get the cheapest price.
Dodge Challenger coverage statistics
The rate table below highlights estimates of insurance prices for Dodge Challenger models. Learning how insurance prices are determined is important for making informed coverage decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New York minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Rate quotes do not factor in garaging location in Buffalo which can decrease or increase insurance rates substantially.
How high should deductibles be?
When comparing insurance rates, the most common question is how high should the deductibles for physical damage be. The premium rates below help summarize the price difference when you select higher and lower insurance deductibles. The first price estimate table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can raise or lower prices noticeably.
Based on these figures, using a $250 deductible will cost you approximately $14 more each month or $168 a year than choosing the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 18 months between claims, you would come out ahead by selecting a higher deductible.
How to calculate deductible break even period
|Average monthly premium for $250 deductibles:||$99|
|Average monthly premium for $500 deductibles (subtract):||- $85|
|Monthly savings from raising deductible:||$14|
|Difference between deductibles ($500 - $250):||$250|
|Divide difference by monthly savings:||$250 / $14|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||18 months|
One big caveat is that raising deductibles to get cheaper rates means you will have to pay more of your own money when you have a claim. You will want to have enough extra savings in the event you need to pay more for the deductible.
The illustration below demonstrates how choosing different deductibles and can impact Dodge Challenger premium costs for different age groups. The premium estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.
Cost of full coverage in Buffalo
The chart below illustrates the difference between Dodge Challenger insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in New York. The premiums assume no violations or accidents, $100 deductibles, marital status is single, and no policy discounts are applied.
When to stop buying physical damage coverage
There isn't a steadfast formula for phasing out full coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let's say your Dodge Challenger replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $3,000 after you pay the deductible. If it's costing you more than $300 annually for your policy with full coverage, then it's probably a good time to buy liability coverage only.
There are a few cases where buying only liability insurance is not in your best interest. If you haven't satisfied your loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if you can't afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Car insurance just makes sense
Despite the high cost of buying insurance for a Dodge Challenger in Buffalo, insuring your vehicle is mandatory in New York but it also protects more than you think.
First, almost all states have mandatory insurance requirements which means you are required to carry specific limits of liability protection if you don't want to risk a ticket. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your car has a loan, almost every bank will make it mandatory that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the bank or lender will purchase a policy for your Dodge at a more expensive rate and make you pay for the expensive policy.
Third, insurance safeguards both your Dodge Challenger and your personal assets. It will also pay for medical bills for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.
The benefits of buying car insurance more than offset the price you pay, particularly if you ever have a claim. The average driver in America is currently overpaying as much as $869 every year so you should quote rates every year to help ensure money is not being wasted.
Verify you're getting every discount
Companies that sell car insurance don't always advertise every possible discount in a way that's easy to find, so here is a list some of the more common and also the more inconspicuous credits available to lower your premiums when you buy Buffalo auto insurance online.
- E-sign Discounts - Some of the larger companies will discount your bill up to fifty bucks shop Buffalo auto insurance digitally online.
- Save with a New Car - Putting auto insurance coverage on a new Challenger can cost up to 25% less since newer vehicles have better safety ratings.
- Discounts for Cautious Drivers - Drivers who avoid accidents can save up to 40% or more on their Buffalo auto insurance quote compared to rates paid by drivers with frequent claims.
- Auto/Home Discount - If you can combine your auto and home policy with one company you could earn a discount of at least 10 to 15 percent or more.
- 55 and Retired - If you're over the age of 55, you can possibly qualify for a slight reduction on a Buffalo auto insurance quote.
- Discount for Life Insurance - Some insurance companies give lower auto insurance rates if you buy some life insurance too.
- Seat Belt Discounts - Requiring all passengers to buckle up could cut 10% or more off the PIP or medical payment premium.
- Accident Forgiveness - Not really a discount, but a few companies such as Liberty Mutual and GEICO will allow you to have one accident before raising your premiums if your claims history is clear for a specific time period.
- Low Mileage Discounts - Fewer annual miles on your Dodge can qualify you for discounted rates on garaged vehicles.
- Drivers Ed for Students - Have your child successfully take a driver's education course in school or through a local driver safety program.
As a footnote on discounts, most credits do not apply to your bottom line cost. Most only apply to individual premiums such as physical damage coverage or medical payments. Just because you may think you can get free auto insurance, it's just not the way it works.
The information below compares Dodge Challenger premium costs with and without discounts applied to the rates. The rate quotes are based on a male driver, no violations or claims, New York state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, safe-driver, multi-car, claim-free, and marriage discounts applied.
Companies and a selection of discounts are shown below.
- State Farm may have discounts that include driver's education, multiple autos, defensive driving training, student away at school, multiple policy, Drive Safe & Save, and good driver.
- GEICO discounts include seat belt use, multi-policy, membership and employees, military active duty, defensive driver, emergency military deployment, and air bags.
- Allstate offers premium reductions for good student, eSmart discount, farm vehicle, teenSMART discount, and passive restraint.
- SAFECO has savings for accident prevention training, drive less, homeowner, bundle discounts, safe driver, and anti-theft.
- Farm Bureau policyholders can earn discounts including 55 and retired, driver training, good student, multi-vehicle, renewal discount, and safe driver.
- Progressive offers discounts including multi-vehicle, online signing, multi-policy, good student, and homeowner.
- AAA includes discounts for multi-car, AAA membership discount, good student, education and occupation, pay-in-full, good driver, and anti-theft.
Check with each company how many discounts you can get. Some discounts listed above might not be available to policyholders in Buffalo. To view auto insurance companies that offer many of these discounts in New York, follow this link.
When do I need an agent's advice?
When quoting and choosing coverage online or from an agent for your personal vehicles, there really is not a one size fits all plan. Your financial needs are unique and your car insurance should unique, too. These are some specific questions can aid in determining whether you may require specific advice.
- What states are considered no-fault?
- Is upholstery damage covered by car insurance?
- Can I rent a car in Mexico?
- What if an uninsured driver hits me?
- Which is better, split liability limits or combined limits?
- I don't drive much so do I pay less?
If it's difficult to answer those questions, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.
Neighborhood insurance agents
Many drivers just prefer to buy from a licensed agent and we recommend doing that A nice benefit of getting online price quotes is the fact that you can find better rates and still buy from a local agent. Buying insurance from local insurance agencies is definitely important in Buffalo.
Upon completion of this simple form, your insurance coverage information gets sent to agents in your area that can provide free Buffalo auto insurance quotes for your coverage. You don't have to contact any agents due to the fact that quote results will go immediately to your email address. You can get cheaper car insurance rates without having to waste a lot of time. If you need to get a price quote from a specific company, you can always find their quoting web page and complete a quote there.
When researching a reliable insurance agent, it helps to know the two different types of agents and how they function. Car insurance agents are considered either independent agents or exclusive agents.
Independent Car Insurance Agents (or Brokers)
Independent agencies are not restricted to one company so as a result can place your coverage with an assortment of companies and help determine which has the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier which is easy for the insured. If you need cheaper car insurance rates, we highly recommend that you get some free quotes from several independent agencies to ensure the widest selection of prices. They often place coverage with mutual insurance companies who may have lower rates.
Shown below are independent agencies in Buffalo that can give you comparison quotes.
- MandT Insurance Agency Inc.
285 Delaware Ave - Buffalo, NY 14202 - (716) 853-7960 - View Map
- GPA Insurance Inc
520 Lee Entrance # 120 - Buffalo, NY 14228 - (716) 681-1556 - View Map
- Niagara Montauk Insurance
1547 Hertel Ave - Buffalo, NY 14216 - (716) 800-4282 - View Map
Agents of this type can usually just insure with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents are unable to provide other company's prices so always compare other rates. Exclusive agents are well schooled on their company's products and that allows them to sell at a higher price point. Some people will only use the same agent partially due to the brand legacy instead of buying on price only.
Below is a list of exclusive insurance agents in Buffalo who can help you get price quote information.
- George Ihle III - State Farm Insurance Agent
7718 Buffalo Ave - Niagara Falls, NY 14304 - (716) 283-9100 - View Map
- Lou Santiago - State Farm Insurance Agent
557 Niagara St - Buffalo, NY 14201 - (716) 883-5500 - View Map
- Progressive Insurance - Buffalo Service Center
6699 Transit Road - Buffalo, NY 14221 - (716) 810-1500 - View Map
Choosing an auto insurance agent requires more thought than just a cheap price quote. Before buying a policy in Buffalo, get answers to these questions.
- Which company do they place the most coverage with?
- Does the company have a local claim office in Buffalo?
- Will they give you a referral list?
- Are all drivers listed on the coverage quote?
- Do they write coverage based solely on cost?
- Does the company allow you to choose your own collision repair facility?
Upon getting good feedback to any questions you may have as well as a price you're happy with, you may have found an insurance agent that can be trusted to adequately provide car insurance. But remember, it's your policy and you can terminate your policy at any time so don't assume that you are permanently stuck with a specific agent indefinitely.
Car insurance coverage basics
Knowing the specifics of your policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Shown next are the normal coverages available from car insurance companies.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Dodge Challenger.
Due to the fact that many New York drivers have only the minimum liability required by law (New York limits are 25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages are set the same as your liability limits.
Comprehensive car insurance
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as theft, damage from getting keyed and hitting a deer. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.
This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision can pay for things like scraping a guard rail, backing into a parked car and crashing into a building. This coverage can be expensive, so you might think about dropping it from older vehicles. It's also possible to increase the deductible on your Challenger in order to get cheaper collision rates.
This coverage can cover damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/10 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $10,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage protects against things like legal defense fees, bail bonds, repair bills for other people's vehicles and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but it's cheap coverage so purchase as much as you can afford. New York requires minimum liability limits of 25/50/10 but you should consider buying more coverage.
The illustration below shows why buying the state minimum limits may not provide adequate coverage.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for prosthetic devices, ambulance fees, chiropractic care and doctor visits. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
One last thing about your coverage
Budget-friendly insurance in Buffalo is available both online as well as from independent agents in Buffalo, so you should compare both in order to have the best price selection to choose from. Some insurance companies do not provide online price quotes and most of the time these small, regional companies only sell coverage through independent agencies.
We covered a lot of information how to find cheaper Dodge Challenger insurance in Buffalo. The key concept to understand is the more quotes you get, the better chance you'll have of finding the cheapest Dodge Challenger rate quotes. You may even find the lowest premium rates come from the least-expected company. Smaller companies can often provide lower prices in certain areas as compared to the big name companies such as Allstate or State Farm.
When searching for cheaper Buffalo auto insurance quotes, never buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced physical damage coverage and discovered at claim time that the savings was not a smart move. The ultimate goal is to buy enough coverage at the best possible price, but do not sacrifice coverage to save money.
Steps to saving on Dodge Challenger insurance in Buffalo
If you want to save money, the best way to get more affordable Dodge Challenger insurance in Buffalo is to do an annual price comparison from providers in New York.
First, it will benefit you to learn about how insurance works and the factors you can control to keep rates down. Many rating factors that result in higher rates like traffic violations and a not-so-good credit rating can be remedied by improving your driving habits or financial responsibility.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can quote prices for many different companies.
Third, compare the quotes to your existing rates to see if a cheaper rate is available in Buffalo. If you find a lower rate, ensure there is no coverage lapse between policies.
Fourth, tell your current agent or company of your intent to cancel the current policy and submit a completed policy application and payment to your new carrier. Be sure to place the new certificate of insurance in an easily accessible location in your vehicle.
The most important part of shopping around is to make sure you enter identical deductibles and limits on every quote and and to compare every company you can. Doing this provides the most accurate price comparison and plenty of rates choose from.
Additional information can be read at the links below
- Choosing a Car for Your Teen (State Farm)
- Who Has Cheap Car Insurance for a Subaru Impreza in Buffalo? (FAQ)
- How Much are Buffalo Car Insurance Rates for a Ford F-150? (FAQ)
- Who Has Cheap Buffalo Car Insurance Quotes for Uber Drivers? (FAQ)
- What Car Insurance is Cheapest for Teenage Females in Buffalo? (FAQ)
- Airbag FAQ (iihs.org)
- Collision Coverage (Liberty Mutual)