Chrysler 300 Insurance Rates in Durham

It takes a few minutes, but the best way to get affordable Chrysler 300 insurance is to do an annual price comparison from insurance carriers in Durham.

First, read about what is in your policy and the measures you can control to prevent rate increases. Many factors that cause high rates like speeding tickets, careless driving and a not-so-good credit score can be improved by improving your driving habits or financial responsibility.

Second, request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of companies.

Third, compare the new quotes to your existing policy to see if a cheaper rate is available in Durham. If you find a lower rate, verify that coverage does not lapse between policies.

Fourth, give notification to your agent or company of your decision to cancel your current policy. Submit a down payment along with a completed application for your new policy. Once coverage is bound, put the new certificate verifying coverage in your vehicle.

One thing to point out is to use similar deductibles and liability limits on every price quote and and to get rates from as many car insurance companies as possible. Doing this provides an accurate price comparison and a better comparison of the market.

Insurance for Chrysler 300It’s astonishing, but the vast majority of drivers have remained with the same car insurance company for a minimum of four years, and 38% of customers have never quoted rates to find lower-cost coverage. With the average premium in North Carolina being $976, drivers can save hundreds of dollars each year just by getting comparison quotes, but they don’t invest the time required to compare rates online.

If you are paying for car insurance now, you should be able to find better prices using the following tips. Shopping around for the lowest-priced protection in Durham is quite easy. Although North Carolina car owners need to have an understanding of how insurance companies price insurance differently and use it to your advantage.

How do Insurance Providers Determine Chrysler 300 Insurance Prices?

Many factors are taken into consideration when premium rates are determined. Some are pretty understandable like an MVR report, but others are not as apparent such as your marital status or how safe your car is. When buying car insurance it’s important to understand some of the factors that help determine your premiums. If you have a feel for what influences your rates, this enables informed choices that may result in lower rates.

The factors shown below are just a few of the factors utilized by car insurance companies to help set premiums.

Lower car insurance rates with theft deterrents – Buying a car with a theft deterrent system can help lower your premiums. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your car from being stolen.

Occupation can influence rates – Occupations like lawyers, architects, and financial analysts have the highest average rates because of intense work requirements and lots of time spent at work. On the flip side, occupations like farmers, students and performers generally pay rates lower than average.

Always have car insurance – Driving any period of time without insurance is not a good idea and any future policy may cost more because you let your coverage have a gap. Not only will you pay more, being ticketed for driving with no insurance may earn you fines or a revoked license. Then you may be required to file a SR-22 with the North Carolina DMV.

Cheaper rates after marriage – Getting married actually saves money on car insurance. It usually means you are more financially stable and statistics prove drivers who are married are more cautious.

Get a ticket, pay higher costs – Having a single chargeable violation can increase rates substantially. Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Drivers with careless violations like reckless driving or DUI may be required to submit a SR-22 form with their state’s licensing department in order to continue driving.

The illustration below demonstrates how citations and at-fault accidents impact Chrysler 300 car insurance costs for different categories of driver ages. The premium estimates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.

Your credit rating is important – An insured’s credit rating is likely to be a major factor in determining premium rates. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with poor credit. Therefore, if your credit can use some improvement, you may save money insuring your Chrysler 300 if you improve your credit rating.

Drive a safer car and pay less – Safe vehicles get lower rates. Vehicles built for safety help reduce the chance of injuries in an accident and fewer serious injuries means less claims paid which can result in lower premiums.

Liability limits on your policy – The liability section of your policy kicks in if ever you are ruled to be at fault for damages from an accident. Liability insurance provides legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not cut corners here.

Insurance loss statistics a Chrysler 300 – Insurance companies use statistical claims data as a way to help calculate a profitable premium rate. Vehicles that are shown to have higher frequency or amount of claims will have increased rates.

The information below illustrates the historical insurance loss data for Chrysler 300 vehicles. For each policy coverage type, the loss probability for all vehicles, without regard to make or model, is represented as 100. Numbers that are below 100 are indicative of better than average losses, while values over 100 point to more frequent losses or a tendency for claims to be larger.


Chrysler 300 Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chrysler 300 2WD 115 103 178 134 136 114
Chrysler 300 4WD 109 100 206 113 96 104
Chrysler 300 HEMI 125 96 225 105 114 117
BETTER
AVERAGE
WORSE

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Rates and other information

The information shown below showcases detailed analysis of policy rates for Chrysler 300 models. Being able to understand how rate quotes are figured helps drivers make decisions when shopping your coverage around.


Chrysler 300 Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
300 Touring 4-Dr Sedan $212 $440 $302 $18 $90 $1,062 $89
300 Touring Plus 4-Dr Sedan $212 $440 $302 $18 $90 $1,062 $89
300 Touring AWD 4-Dr $212 $440 $302 $18 $90 $1,062 $89
300 S V6 4-Dr Sedan $212 $440 $302 $18 $90 $1,062 $89
300 Touring Signature 4-Dr Sedan $212 $440 $302 $18 $90 $1,062 $89
300 Touring Executive 4-Dr Sedan $212 $440 $302 $18 $90 $1,062 $89
300 Touring Signature AWD 4-Dr $238 $506 $302 $18 $90 $1,154 $96
300 Limited 4-Dr Sedan $238 $506 $302 $18 $90 $1,154 $96
300 C 4-Dr Sedan $238 $506 $302 $18 $90 $1,154 $96
300 S V8 4-Dr Sedan $238 $506 $302 $18 $90 $1,154 $96
300 Limited AWD 4-Dr $238 $506 $302 $18 $90 $1,154 $96
300 C AWD 4-Dr $238 $506 $302 $18 $90 $1,154 $96
300 SRT-8 4-Dr Sedan $238 $506 $302 $18 $90 $1,154 $96
Get Your Own Custom Quote Go

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Information does not factor in vehicle garaging location which can influence premium rates significantly.

Should you raise deductibles?

One of the more difficult decisions when buying insurance is how high or low should comp and collision deductibles be. The rates below illustrate the rate fluctuation of buying low and high physical damage coverage deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second rate chart uses a $500 deductible.


Chrysler 300 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
300 Touring 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
300 Touring Plus 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
300 Touring AWD 4-Dr $218 $382 $250 $14 $74 $963 $80
300 S V6 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
300 Touring Signature 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
300 Touring Executive 4-Dr Sedan $218 $382 $250 $14 $74 $963 $80
300 Touring Signature AWD 4-Dr $242 $440 $250 $14 $74 $1,045 $87
300 Limited 4-Dr Sedan $242 $440 $250 $14 $74 $1,045 $87
300 C 4-Dr Sedan $242 $440 $250 $14 $74 $1,045 $87
300 S V8 4-Dr Sedan $242 $440 $250 $14 $74 $1,045 $87
300 Limited AWD 4-Dr $242 $440 $250 $14 $74 $1,045 $87
300 C AWD 4-Dr $242 $440 $250 $14 $74 $1,045 $87
300 SRT-8 4-Dr Sedan $242 $440 $250 $14 $74 $1,045 $87
Get Your Own Custom Quote Go

Chrysler 300 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
300 Touring 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
300 Touring Plus 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
300 Touring AWD 4-Dr $176 $308 $250 $14 $74 $822 $69
300 S V6 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
300 Touring Signature 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
300 Touring Executive 4-Dr Sedan $176 $308 $250 $14 $74 $822 $69
300 Touring Signature AWD 4-Dr $196 $354 $250 $14 $74 $888 $74
300 Limited 4-Dr Sedan $196 $354 $250 $14 $74 $888 $74
300 C 4-Dr Sedan $196 $354 $250 $14 $74 $888 $74
300 S V8 4-Dr Sedan $196 $354 $250 $14 $74 $888 $74
300 Limited AWD 4-Dr $196 $354 $250 $14 $74 $888 $74
300 C AWD 4-Dr $196 $354 $250 $14 $74 $888 $74
300 SRT-8 4-Dr Sedan $196 $354 $250 $14 $74 $888 $74
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific Durham garaging location which can change price quotes noticeably.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $12 more each month or $144 every year averaged for all 300 models than opting for the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you go at least 21 months between claims, you would save more money if you opt for a higher deductible. The illustration below shows how this determination is made.

Average monthly premium for $250 deductibles: $84
Average monthly premium for $500 deductibles (subtract): – $72
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important note is that higher deductibles means you will have to pay more if you have a claim. That will necessitate some extra savings in the event you have to pay the deductible.

The illustration below illustrates how your deductible choice and can impact Chrysler 300 insurance rates for different insured age categories. The information is based on a married female driver, full physical damage coverage, and no discounts are applied.

Companies offer lots of discounts on Chrysler 300 insurance in Durham

Auto insurance can be pricey, but there could be significant discounts that you may not even be aware of. A few discounts will be applied when you get a quote, but some need to be asked about before they will apply. If you aren’t receiving every discount you qualify for, you could be saving more on your auto insurance.Cheaper auto insurance with discounts

As a footnote on discounts, most discounts do not apply to the entire cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky. But all discounts should definitely cut the amount you pay for coverage.

The diagram below illustrates the difference between Chrysler 300 car insurance costs with and without discounts applied to the policy premium. The premiums assume a female driver, no violations or claims, North Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-policy, claim-free, homeowner, and multi-car discounts applied.

Popular auto insurance companies and some of the premium reductions they offer are detailed below.

When getting free Durham auto insurance quotes, it’s a good idea to all the companies which discounts you qualify for. Some discounts listed above may not be offered in your area. If you would like to view companies that have a full spectrum of discounts in North Carolina, click here.

Be persistent and save

The cheapest Chrysler 300 insurance in Durham can be found from both online companies as well as from insurance agents, and you should compare rates from both to have the best rate selection. A few companies may not offer rate quotes online and usually these regional insurance providers sell through independent agencies.

When you buy Durham auto insurance online, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where drivers have reduced physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal is to buy enough coverage at the best cost, not the least amount of coverage.

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