Updated: January 15, 2025
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Age and model year significantly affect how much you’ll pay to insure your Dodge Challenger SRT Hellcat. For a full coverage policy, a 16-year-old driver will pay an annual average of $9,079 for a 2015 model and $10,688 for a 2022 model. Meanwhile, a 40-year-old will pay around $1,998 for the 2015 model and $2,348 for the 2022 model.
To help drivers find the best policy for their needs, MoneyGeek evaluated each insurance provider’s affordability, service quality and claims experience.
Insuring a Dodge Challenger SRT Hellcat averages $2,270 per year or $189 per month. This high cost is due to its status as a sports car and its relatively high theft rate.
Nationwide offers the cheapest full coverage for a Dodge Challenger SRT Hellcat at $1,843 per year. The most expensive option is Progressive at $2,927 per year, a potential savings of $1,084.
Insuring a 2015 Dodge Challenger SRT Hellcat costs around $1,998 annually, while a 2022 model costs approximately $2,348 per year. Newer models generally have higher insurance costs due to their higher market value.
When insuring a Dodge Challenger SRT Hellcat, both affordability and coverage quality are crucial considerations. Here’s a breakdown of the cheapest insurers for both full and minimum coverage, emphasizing affordability:
Full Coverage
1. Nationwide: Offers the most affordable full coverage policy overall, with an average annual premium of $1,843. This makes it the best option for cost-conscious drivers seeking comprehensive protection.
2. Travelers: Though slightly more expensive than Nationwide, Travelers provides excellent claims service and the second cheapest rate at an average of $1,897 per year. Their strong customer service ratings offer a good balance between cost and service quality.
3. State Farm: Offers full coverage at $1,948 annually. While slightly higher than Nationwide and Travelers, it remains an affordable option with strong claims and service quality.
- For a 2015 Dodge Challenger SRT Hellcat, Travelers offers the best rate at $1,523 annually.
- For a 2022 model, Nationwide again presents the most affordable rate at $1,758.
Minimum Coverage
1. GEICO: Provides the cheapest minimum coverage policy at an average cost of $515 per year. This is ideal for those looking to satisfy legal requirements without comprehensive coverage.
2. Progressive: The most expensive option for minimum coverage at $842 annually, which highlights the importance of comparing rates to ensure affordability.
Important Considerations
- Younger drivers, particularly 16-year-olds, face significantly higher insurance costs. Using State Farm’s full coverage for a 16-year-old with a 2022 model ($7,077 annually) compared to Progressive's $22,355, underscores potential savings by choosing more affordable providers.
- Insurance rates vary by factors such as age, car model year, and location. Drivers should compare local providers to find the best deals specific to their area.
In summary, Nationwide and GEICO stand out for their affordability in full and minimum coverage policies respectively, while Travelers and State Farm offer good options for those balancing cost and service quality. Comparing rates and considering additional factors like age and model year can lead to significant savings when insuring a Dodge Challenger SRT Hellcat.
For insuring a Dodge Challenger SRT Hellcat, Travelers stands out as the best car insurance provider based on MoneyGeek's analysis. They offer a MoneyGeek score of 90 out of 100 and provide excellent claims experience ratings. The average annual premium for full coverage with Travelers is $1,897.
If affordability is the main concern, Nationwide offers the cheapest rate for a 2022 model at $1,758 annually. However, if you're insuring a 2015 model, Travelers is again the most affordable at $1,523 per year.
In summary:
- For overall best coverage with a strong balance of cost, claims management, and customer service, choose Travelers ($1,897 per year for full coverage).
- For the most affordable option specifically for a 2022 model, Nationwide is the best choice at $1,758 annually.
Age plays a significant role in determining car insurance premiums due to differences in risk levels associated with different age groups. For a high-performance vehicle like the Dodge Challenger SRT Hellcat, the impact of age on premiums is particularly pronounced given the car's sports car status and associated risks, including its higher likelihood of theft. Here's how age affects premiums for this specific model:
Insurance Costs by Age
1. 16-Year-Old Driver:
- 2015 Dodge Challenger SRT Hellcat: $9,079 annually
- 2022 Dodge Challenger SRT Hellcat: $10,688 annually
- Av**erage Full Coverage Rate: $9,**970 annually for teens
2. 40**-Year-Old Driver:**
- 2015 Dodge Challenger SRT Hellcat: $1,998 annually
- 2022 Dodge Challenger SRT Hellcat: $2,348 annually
- Average Full Coverage Rate: $2,203 annually for this age group
Explanation of Age-Related Rate Differences
- Higher Risk for Younger Drivers: Teens, particularly 16-year-olds, face significantly higher insurance rates due to their lack of driving experience and statistically higher likelihood of accidents. As a result, insurers charge much more to mitigate potential losses.
- Decreasing Rates with Age: As drivers gain experience and demonstrate responsible driving behavior, their insurance rates typically decrease. By the time drivers reach their 30s and 40s, they usually benefit from substantially lower premiums due to their lower risk profiles.
- Rate Stabilization: Rates tend to stabilize as drivers enter their mid-20s, reflecting insurers’ increased confidence in their driving reliability. For those aged 40, rates are near their lowest, thanks in part to a lengthy driving history.
How Rates Decrease Over Time
Starting with very high rates for 16-year-olds, premiums gradually decrease as they move into their 20s and beyond, reflecting increased stability and experience. By their 30s and early 40s, drivers enjoy some of the best rates available, contingent upon a clean driving record and consistent insurance history.
These age-related factors, in conjunction with the specific characteristics and risks associated with the Dodge Challenger SRT Hellcat, heavily influence insurance costs. While younger drivers bear higher costs, exploring different insurers can help mitigate expenses, with providers like Nationwide and Travelers offering competitive rates. Additionally, adding teen drivers to family policies may provide further savings by aggregating risks under a single policy umbrella. Selecting the right insurer and policy is crucial for managing these costs effectively.
Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Dodge Challenger SRT Hellcat.
These rates were updated to reflect the average cost of car insurance for a Dodge Challenger SRT Hellcat as of 2023.
The average annual cost of insuring a Dodge Challenger SRT Hellcat is $2,270, but rates vary depending on the insurer. If you are looking for the most affordable car insurance, comparing rates from different providers is essential. Nationwide offers the cheapest full coverage policy at an average of $1,843 per year, while Progressive's same coverage is $2,927 per year on average, making it the most expensive option.
For minimum coverage policies, GEICO has the lowest rate at an average of $515 per year, while Progressive is the highest at $842.
| Nationwide | $1,843 |
| Travelers | $1,897 |
| State Farm | $1,948 |
| GEICO | $2,273 |
| Farmers | $2,286 |
| Allstate | $2,698 |
| Progressive | $2,927 |
The Dodge Challenger SRT Hellcat is an expensive car to insure due to its sports car status and relatively high theft rate. Sports cars are more costly to insure because drivers are statistically more likely to partake in risky behavior when driving these models.
The most recent data from the National Highway Traffic Safety Administration (NHTSA) shows that thieves target the Dodge Challenger SRT Hellcat more frequently than other cars. Cars that are stolen more often are riskier to insure, so insurers charge higher rates to compensate for the potential losses.
When considering your options to insure your Dodge Challenger SRT Hellcat, it’s important to consider more than just cost. MoneyGeek’s analysis takes affordability, claims management and customer experience into account. We found that the best car insurance companies for a Dodge Challenger SRT Hellcat are as follows:
Travelers offers the best claims experience ratings of all the insurers in our study, and their rates are the second cheapest, meaning you will get excellent service at a lower cost.
Excellent affordability and customer satisfaction score
Ranks highly in claims experience
Offers gap insurance
Lacks option for Total Loss Deductible Waiver
Doesn't offer Original Equipment Manufacturer (OEM) coverage
Travelers stands out for its excellent customer service and affordable rates. This insurer offers various add-on coverages to their policyholders, such as New Car Replacement, Accident Forgiveness and Roadside Assistance.
We recommend Dodge Challenger SRT Hellcat drivers opt for New Car Replacement coverage for extra protection in the event your car is totaled within the first five years, allowing you to get a new car of the same make and model.
Travelers Responsible Driver Plan also provides accident forgiveness, meaning your premiums won't increase after an accident within a certain period of safe driving. With Travelers’ roadside assistance coverage, you’ll receive coverage for flat tire changes, towing and lockout services. Add-ons like this will give you extra peace of mind on long road trips.
Offers affordable premium rates
Provides Roadside Assistance Coverage
Ranks low in claims management
Lacks Gap Insurance or Original Equipment Manufacturer (OEM) coverage
State Farm is MoneyGeek’s runner-up option for insuring your Dodge Challenger SRT Hellcat. This company provides a variety of helpful coverages, such as roadside assistance, car rental and travel expenses and deductible reimbursements in the event of an accident.
State Farm’s Roadside Assistance add-on offers mechanical labor for up to an hour, towing service to the nearest repair shop and locksmith labor if your key is lost, stolen or locked inside your car. With Car Rental and Travel Expenses coverage, State Farm will reimburse the cost of a rental car if your vehicle needs repairs after a covered loss and up to $500 of your deductible if you get into an accident in your rental car. The company will also cover up to $500 of meals, accommodations and transportation costs if the accident occurs more than 50 miles away from your home.
The average annual cost of a full coverage policy for a 2015 Dodge Challenger SRT Hellcat is $1,998, while the same coverage for a 2022 model is more expensive at $2,348, a difference of $350. This difference is due to the fact that the average cost of car insurance generally depreciates as cars age and their value decreases.
| 2022 | $2,348 |
| 2021 | $2,420 |
| 2020 | $2,306 |
| 2019 | $2,252 |
| 2018 | $2,169 |
| 2017 | $2,084 |
| 2016 | $2,048 |
| 2015 | $1,998 |
The average cost of car insurance will vary by your provider and the model year of your car. For the 2015 Dodge Challenger SRT Hellcat, Travelers is the most affordable option at $1,523 per year on average for a full coverage policy. Nationwide offers the lowest rate for the 2022 model, at $1,758.
| Nationwide | $1,758 |
| Farmers | $2,104 |
| Travelers | $2,126 |
| State Farm | $2,156 |
| GEICO | $2,530 |
| Allstate | $2,887 |
| Progressive | $3,832 |
When determining the cost of insurance for a Dodge Challenger SRT Hellcat, insurers will consider your age. Generally, car insurance policies for teens and young adults cost more than those for drivers in their 30s and 40s. For a Dodge Challenger SRT Hellcat, the average full coverage rate for a 16-year-old is $9,970 per year, while a 40-year-old driver pays an average of only $2,203 per year. As teen drivers get older, their rates gradually reduce before stabilizing in their 20s.
By comparing providers, teen drivers can save a lot of money on their premiums. For instance, State Farm’s full coverage policy for a 16-year-old driving a 2022 Dodge Challenger SRT Hellcat is $7,077 annually, while Progressive's rate is $22,355. These high costs are for individual plans, but adding teen drivers to a family policy can significantly reduce teen car insurance costs.
| State Farm | $7,077 |
| Nationwide | $7,222 |
| Travelers | $8,971 |
| Farmers | $9,784 |
| GEICO | $11,837 |
| Allstate | $12,299 |
| Progressive | $22,355 |
Factors like age, car make and model all impact your premium costs, but your location may be even more significant. The cheapest car insurance providers differ from state to state, with Florida having the most expensive premiums and Idaho having the least. It’s crucial to research and find the most affordable insurers in your area so that you can compare quotes for your Dodge Challenger SRT Hellcat.
| Alabama | Nationwide | $709 | $59 |
| Alaska | State Farm | $699 | $58 |
| Arizona | Root Insurance Company | $682 | $57 |
| Arkansas | State Farm | $629 | $52 |
| California | AAA California | $1,001 | $83 |
| Colorado | American National P&C | $541 | $45 |
| Connecticut | GEICO | $693 | $58 |
| Delaware | State Farm | $881 | $73 |
| District of Columbia | GEICO | $662 | $55 |
| Florida | State Farm | $1,058 | $88 |
| Georgia | Country Financial | $665 | $55 |
| Hawaii | GEICO | $565 | $47 |
| Idaho | American National P&C | $299 | $25 |
| Illinois | Country Financial | $663 | $55 |
| Indiana | American Family | $555 | $46 |
| Iowa | State Farm | $509 | $42 |
| Kansas | Nationwide | $670 | $56 |
| Kentucky | Nationwide | $790 | $66 |
| Louisiana | Louisiana Farm Bureau | $1,048 | $87 |
| Maine | Concord Group | $521 | $43 |
| Maryland | Progressive | $938 | $78 |
| Massachusetts | State Farm | $483 | $40 |
| Michigan | GEICO | $898 | $75 |
| Minnesota | State Farm | $797 | $66 |
| Mississippi | Direct General Insurance | $723 | $60 |
| Missouri | Nationwide | $909 | $76 |
| Montana | Progressive | $437 | $36 |
| Nebraska | American National P&C | $405 | $34 |
| Nevada | CSAA | $940 | $78 |
| New Hampshire | State Farm | $540 | $45 |
| New Jersey | Plymouth Rock Assurance | $895 | $75 |
| New Mexico | State Farm | $644 | $54 |
| New York | Kemper | $781 | $65 |
| North Carolina | Erie | $630 | $52 |
| North Dakota | American Family | $616 | $51 |
| Ohio | Nationwide | $485 | $40 |
| Oklahoma | State Farm | $662 | $55 |
| Oregon | State Farm | $706 | $59 |
| Pennsylvania | Nationwide | $580 | $48 |
| Rhode Island | State Farm | $700 | $58 |
| South Carolina | American National P&C | $463 | $39 |
| South Dakota | Allstate | $746 | $62 |
| Tennessee | State Farm | $579 | $48 |
| Texas | State Farm | $699 | $58 |
| Utah | Nationwide | $725 | $60 |
| Vermont | State Farm | $493 | $41 |
| Virginia | American Family | $601 | $50 |
| Washington | PEMCO | $534 | $44 |
| West Virginia | Erie | $784 | $65 |
| Wisconsin | GEICO | $556 | $46 |
| Wyoming | State Farm | $745 | $62 |
Shoppers looking to insure their Dodge Challenger SRT Hellcat are likely concerned about price and quality of coverage. To help you find the ideal policy for your needs, MoneyGeek answered the most commonly asked questions about auto insurance for the SRT Hellcat.
MoneyGeek determined that Nationwide offers the most affordable insurance coverage for the Dodge Challenger SRT Hellcat at an average of $1,843 per year for a full coverage policy. This model’s overall average annual insurance cost is $2,270, so you’ll likely save some money by going with this provider for your Dodge Challenger SRT Hellcat. However, it’s important to remember that your age, car model year and location will impact the rate you receive.
Travelers earned a MoneyGeek score of 90 out of 100, making it the top pick for car insurance for a Dodge Challenger SRT Hellcat. It surpassed State Farm, Nationwide, Farmers, GEICO, Allstate and Progressive due to its high customer satisfaction and affordability scores. This company also offers some valuable coverage add-ons to consider. These options make Travelers an excellent option for those looking for quality service at an affordable rate for their Dodge Challenger SRT Hellcat.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
