Updated: January 15, 2025
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Age is a significant factor in determining how much car insurance for a Dodge Charger costs. For instance, an annual full coverage policy on a 2009 model costs $6,461 for a 16-year-old driver, compared to $1,391 for a 40-year-old. For a 16-year-old, a 2022 model will cost $8,509 a year, while the same policy costs $1,873 for a 40-year-old.
MoneyGeek ranked the top insurers based on how well they balance service and claims experience with affordable rates.
When seeking affordable insurance for a Dodge Charger, it's vital to compare premiums from various providers for both full and minimum coverage. Here's a summary of the most affordable insurers based on the data provided:
Full Coverage
1. GEICO:
- Annual Premium for Dodge Charger: $1,211
- Comment: GEICO offers the most affordable full coverage policy, balancing cost with excellent claims management, making it a top choice for affordability.
2. State Farm:
- Annual Premium for a 2009 Model: $1,099
- Annual Premium for a 2022 Model: $1,335
- Comment: While State Farm offers excellent customer service and the cheapest premiums for older models, GEICO is the leader for newer models overall.
Minimum Coverage
1. State Farm:
- Annual Premium: $531
- Comment: State Farm stands out as the most cost-effective option for minimum coverage, offering a significantly lower premium.
2. Farmers:
- Annual Premium: $885
- Comment: Although not the cheapest, Farmers provides an alternative for those considering different providers.
Key Observations
- Age Factor: Insurance rates are notably higher for younger drivers. Full coverage for a 16-year-old driving a Dodge Charger is substantially more expensive compared to a 40-year-old.
- Model Year Impact: Newer Dodge Chargers tend to have higher insurance premiums due to their value, with cost differences evident between a 2009 model and a 2022 model.
Recommendations
- For Affordability: GEICO provides the most affordable full coverage option for newer model Dodge Chargers, while State Farm is most cost-effective for those seeking minimum coverage.
- Teen Drivers: Including teens on a family insurance plan can significantly reduce costs. State Farm offers the lowest full coverage premiums for teen drivers on a 2009 model.
It's advisable to compare these options based on both affordability and the quality of service to ensure you're getting the best value for your specific needs.
For a Dodge Charger, the best car insurance provider based on the provided information is GEICO. It offers the most affordable rates and excellent claims management, making it a top choice for affordability and service. GEICO has a MoneyGeek score of 90 out of 100 and offers an annual full coverage premium of $1,211 for a Dodge Charger.
Here's a brief summary:
- GEICO: MoneyGeek Score: 90/100, Annual Premium for Full Coverage: $1,211
GEICO stands out as the best option due to its affordability and strong claims management, providing great value for Dodge Charger owners.
Age significantly influences car insurance premiums, especially for high-performance vehicles like the Dodge Charger. Younger drivers, particularly teenagers, face much higher insurance costs due to several factors, including lack of experience and statistically higher risk of accidents.
Comparison of Insurance Costs by Age
16-Year-Old Driver:
- For a 2009 Dodge Charger: $6,461 annually for full coverage.
- For a 2022 Dodge Charger: $8,509 annually for full coverage.
40-Year-Old Driver:
- For a 2009 Dodge Charger: $1,391 annually for full coverage.
- For a 2022 Dodge Charger: $1,873 annually for full coverage.
Trends in Insurance Costs:
1. High Premiums for Teen Drivers:
- At age 16, drivers face significantly higher premiums, with costs averaging $7,417 for a full coverage policy on a Dodge Charger. This is primarily due to their inexperience and statistically higher likelihood of being involved in accidents.
2. Decreasing Rates with Age:
- As drivers age and gain more experience, their risk profile improves, resulting in lower insurance premiums. By age 40, the cost of insuring a Dodge Charger drops dramatically, averaging $1,614 annually for a policy that costs $7,417 for a 16-year-old.
3. Cost Decline Stabilizes in Adulthood:
- Insurance costs for drivers in their 20s begin to decrease gradually and tend to level off in their 30s and 40s.
4. Variation by Model Year:
- Newer models (e.g., 2022 Dodge Charger) cost more to insure than older ones (e.g., 2009 Dodge Charger) due to the higher value and potential repair costs. This is reflected in the premium differences for both 16-year-old and 40-year-old drivers.
Notable Insurance Providers for Dodge Charger:
- GEICO:
- Most affordable full coverage for newer Dodge Chargers at an average of $1,211 annually.
- Highly rated for claims management.
- State Farm:
- Offers competitive rates of $1,099 annually for older models (2009) and $1,335 for newer models (2022).
- Known for excellent customer service.
Recommendations:
- Teen Drivers:
- Consider being part of a family insurance plan to reduce premiums rather than opting for individual policies, which can be exorbitantly expensive.
- State Farm offers the most affordable option for 16-year-olds insuring a 2009 Dodge Charger ($3,508 annually).
- Shopping Around:
- Compare quotes from various insurance providers to find the best value, considering both cost and service quality.
- Location Consideration:
- Insurance premiums vary significantly by location, so comparing rates within your state can also yield cost savings.
In conclusion, while initial costs for insuring a Dodge Charger are high for younger drivers, they will decrease significantly as the driver ages and gains experience. Understanding these trends can help drivers and their families make informed decisions about their insurance plans.
Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Dodge Charger.
These rates were updated to reflect the average cost of car insurance for a Dodge Charger as of 2023.
Remember that while the national average for insuring a Dodge Charger is $1,677, your rate will depend on your chosen insurance company. GEICO offers full coverage auto insurance for a Dodge Charger at the lowest average annual cost of $1,211, while Farmers charges the most expensive premium at $2,018 for the same policy.
The average yearly cost of minimum coverage plans for a Dodge Charger also varies between insurers, with a policy costing $531 from State Farm and $885 from Farmers. We suggest comparing prices from various car insurance providers to obtain the best coverage for your Dodge Charger.
| GEICO | $1,211 |
| State Farm | $1,353 |
| Allstate | $1,504 |
| Nationwide | $1,661 |
| Travelers | $1,753 |
| Progressive | $1,893 |
| Farmers | $2,018 |
Different data points are considered by auto insurance companies when determining premiums for specific models, including the value of the car, its horsepower and the likelihood of theft. The National Highway Traffic Safety Administration's (NHTSA) latest information indicates that thieves steal Dodge Chargers more frequently than other models, making it a riskier car to insure. This data increases premiums, making the Dodge Charger moderately expensive to insure compared to other models.
When buying insurance for your Dodge Charger, price isn't the only factor to consider. The best car insurance companies should offer top-notch customer support and efficient claim processing. Here are the top two insurance providers for Dodge Charger owners:
While State Farm offers excellent customer service, GEICO provides better claims management and is the most affordable provider for a Dodge Charger.
Provides the most affordable policy for a Dodge Charger
Excellent customer satisfaction rating
Offers Mechanical Breakdown Insurance and Accident Forgiveness
Ranks below average in claims management
No Deductible Modification or Gap Insurance
GEICO is our top pick for insuring the Dodge Charger. It offers excellent customer service and is the least expensive provider among all the quotes MoneyGeek analyzed. It also provides coverages that few insurers offer, like Mechanical Breakdown Insurance (MBI), a superior version of a typical dealer extended warranty. MBI covers all your car's systems and components with comprehensive protection of your Dodge Charger.
The company offers other essential coverages. Roadside Assistance covers all towing, jump starts, flat tire repair and lockout services. Rental Car Reimbursement coverage pays for a rental car up to a specific limit after a covered accident immobilizes your vehicle for over 24 hours. Accident Forgiveness keeps your rates from increasing after your first accident for which you are at fault. However, GEICO does not offer this coverage in California, Connecticut or Massachusetts.
Second-most affordable auto insurer for a Dodge Charger
Highly rated customer service
Relatively low coverage score and claims management rating
No Accident Forgiveness or Gap Insurance
Dodge Charger owners can consider State Farm for their auto insurance option. It’s relatively cheap and offers outstanding customer service. State Farm's shortcoming is that it offers a narrow selection of coverage options and lacks some crucial add-ons. However, the coverage options it does provide will apply to most drivers.
Rental Car and Travel Reimbursement will cover the costs of an accident involving your rental car up to the agreed-upon limits. It also pays up to $500 for your travel costs, including airfare, accommodations, food and other expenses, and a $500 credit toward your deductible. Another valuable coverage is Roadside Assistance, which pays for up to an hour's worth of mechanical work and locksmith service in case of a breakdown or lockout. You will also get a towing service to the nearest place for repairs.
An annual full coverage policy on a 2022 Dodge Charger costs $1,873, compared to $1,391 for a 2009 model with the same policy. This comparison is one example of how a car’s model year will significantly impact the average cost of car insurance. Because a car’s value depreciates over time, newer models tend to be more expensive to insure.
| 2022 | $1,873 |
| 2021 | $1,837 |
| 2020 | $1,759 |
| 2019 | $1,742 |
| 2018 | $1,694 |
| 2017 | $1,638 |
| 2016 | $1,643 |
| 2015 | $1,617 |
| 2014 | $1,543 |
| 2013 | $1,527 |
| 2012 | $1,482 |
| 2011 | $1,422 |
| 2010 | $1,421 |
| 2009 | $1,391 |
Your chosen insurance provider and the car’s model year will affect your average auto insurance premiums. State Farm is the cheapest car insurance company for a 2009 Dodge Charger, costing $1,099 annually for a full coverage policy. Meanwhile, GEICO is the most affordable option for newer model years, with the 2022 Dodge Charger costing $1,335 per year to insure.
| GEICO | $1,335 |
| State Farm | $1,608 |
| Nationwide | $1,907 |
| Allstate | $1,922 |
| Travelers | $1,991 |
| Progressive | $2,176 |
| Farmers | $2,323 |
Auto insurance for teens and drivers in their 20s is far more expensive than those in their 30s and 40s. For a full coverage policy for a Dodge Charger, 16-year-old drivers spend an average of $7,417 a year, while 40-year-old policyholders only pay $1,614 for the same plan. Rates for teen car insurance drop significantly each year as teenagers age, but they tend to level off once they reach their 20s and gain more driving experience.
The most affordable way to obtain auto insurance for teens is to include them in a family plan, as individual plans are far more expensive. State Farm offers teens driving a 2009 Dodge Charger the cheapest full coverage policy at $3,508 per year on average, while Farmers will charge as high as $9,219 for the same model.
These astronomical premiums apply to 16-year-old drivers who choose to purchase individual coverage. To get the best auto insurance for teens, we advise them to join their family's insurance policy and shop around with them.
| State Farm | $5,203 |
| GEICO | $6,246 |
| Nationwide | $8,083 |
| Travelers | $8,373 |
| Allstate | $8,380 |
| Farmers | $11,404 |
| Progressive | $12,218 |
Your location might be even more important than model type, model year or driver age when calculating how expensive car insurance will be. Idaho offers the cheapest car insurance premiums in the country, while Florida offers the most expensive. When looking for auto insurance for your Dodge Charger, it helps to compare quotes from the most affordable insurers in your state.
| 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 |
People looking for car insurance for a Dodge Charger are typically concerned about cost and value. Here are some of the most common questions, along with our responses.
A Dodge Charger's average insurance cost is $1,677 per year. This is moderately priced compared to the price of car insurance for other models. GEICO provides the cheapest Dodge Charger auto insurance at an average annual cost of $1,211 for a full coverage policy. Farmers charges the most expensive rate for the same policy, at $2,018.
GEICO provides the best auto insurance for a Dodge Charger. GEICO and State Farm both offer excellent customer service at affordable rates, but GEICO delivers the best combination of those features and a broad selection of valuable coverage options to choose from, including Mechanical Breakdown Insurance and Accident Forgiveness.
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.
