Find Cheaper Dodge Viper Insurance in Dallas

The recommended way to find affordable quotes for Dodge Viper insurance in Dallas is to compare prices regularly from different companies who provide car insurance in Texas. Rate comparisons can be done by following these guidelines.

One piece of advice is to use identical coverage information on each price quote and and to get rates from as many companies as possible. This enables a fair rate comparison and a complete price analysis.

Insurance rates Dodge Viper in DallasWe don’t have to tell you that insurance companies don’t want you to look for cheaper rates. Drivers who get comparison quotes once a year are highly likely to switch companies because they have good chances of finding lower prices. A recent auto insurance study discovered that people who routinely compared quotes saved approximately $3,500 over four years compared to people who never shopped for cheaper rates.

If finding the cheapest price on auto insurance in Dallas is your objective, learning how to shop for insurance premiums can help simplify the process.

If you currently have car insurance, you will surely be able to cut your premiums using this strategy. Buying the cheapest car insurance in Dallas is quite easy. Nevertheless, Texas car owners do need to know how insurance companies calculate your car insurance rates because rates are impacted by many factors.

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It’s important that you understand the factors that help calculate your premiums. If you know what positively or negatively impacts your premiums, this allows you to make good choices that could result in much lower annual insurance costs.

Statistics and details

The data table displayed below covers estimates of insurance prices for Dodge Viper models. Having knowledge of how insurance rates are figured can be valuable when making informed coverage decisions.

Dodge Viper Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Viper SRT/10 2-Dr Coupe $386 $828 $392 $24 $118 $1,748 $146
Viper SRT/10 2-Dr Roadster $386 $828 $392 $24 $118 $1,748 $146
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Estimates do not factor in specific garaging location which can influence premium rates noticeably.

Physical damage deductible comparison

A question often asked by Dallas drivers is at what level do you set your deductibles. The following tables illustrate the rate difference when you buy lower versus higher comp and collision deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second rate chart uses a $500 deductible.

Dodge Viper insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Viper SRT/10 2-Dr Coupe $522 $1116 $382 $22 $114 $2,181 $182
Viper SRT/10 2-Dr Roadster $522 $1116 $382 $22 $114 $2,181 $182
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Dodge Viper insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Viper SRT/10 2-Dr Coupe $424 $900 $382 $22 $114 $1,842 $154
Viper SRT/10 2-Dr Roadster $424 $900 $382 $22 $114 $1,842 $154
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Table data does not factor in specific location which can lower or raise prices greatly.

Based on this data, using a $250 deductible will cost in the ballpark of $28 more each month or $336 every year averaged for all Viper models than requesting the higher $500 deductible. Since you would pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 9 months between claims, you would most likely save money going with the higher deductible. Below is the way you can make your own decision.

Average monthly premium for $250 deductibles: $182
Average monthly premium for $500 deductibles (subtract): – $154
Monthly savings from raising deductible: $28
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 9 months

An important thing to remember is that a higher deductible level means you will have to cover more of the damage yourself at claim time. That will require enough extra money in the event you have to pay the deductible.

Full coverage versus liability only rates

The information below visualizes the comparison of Dodge Viper insurance premiums with full coverage compared to only the Texas minimum liability coverage. The prices are based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are taken into consideration.

When to stop buying full coverage

There is no written rule of when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your Dodge Viper settlement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $2,000 after you pay the deductible. If premiums are more than $200 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some situations where buying only liability insurance is not advised. If you haven’t paid off your loan, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Check for these discounts

Buying insurance is not cheap, but you might be missing out on some discounts to reduce the price significantly. Certain discounts will be applied when you get a quote, but a few need to be manually applied before you get the savings.Save money with discounts

We need to note that some credits don’t apply to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, insurance companies wouldn’t stay in business. But all discounts will definitely lower your policy premium.

The example below compares Dodge Viper auto insurance costs with and without discounts. The premiums assume a female driver, no claims or violations, Texas state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, claim-free, safe-driver, multi-car, and homeowner discounts applied.

Auto insurance companies who might offer some of the above discounts include:

If you want the cheapest Dodge Viper rate quotes, ask each company which credits you are entitled to. Some discounts listed above may not apply to policies in every state. For a list of insurers who offer discounts in Dallas, follow this link.

Shop smart and save

As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find for the lowest cost while not skimping on critical coverages.

We’ve covered a lot of information how to find affordable Dodge Viper insurance in Dallas. It’s most important to understand that the more times you quote, the better your chances of lowering your rates. You may even discover the lowest prices come from a small local company. These smaller insurers often have lower rates on specific markets than the large multi-state companies such as State Farm or Progressive.

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