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.

• Step 1: Take a few minutes and learn about auto insurance and the changes you can make to drop your rates. Many things that result in higher prices like accidents, careless driving, and an unfavorable credit rating can be improved by making lifestyle changes or driving safer.
• Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while agents who are independent can provide prices from many different companies.
• Step 3: Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in Dallas. If you find a lower rate, make sure there is no lapse in coverage.
• Step 4: Provide notification to your current agent or company to cancel your current auto insurance policy. Submit a signed application and payment to your new agent or company. Immediately keep your new proof of insurance certificate above your visor, in the console, or in the glove compartment.

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.

We 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.

Lower Insurance Rates with These Tips

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.

• How much liability coverage – The liability section of your policy will protect you when you are ruled to be at fault for causing damage or personal injury in an accident. It provides for a legal defense to defend your case. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so do not skimp.
• Better prices on cars with good safety ratings – Cars with high safety ratings are cheaper to insure. The safest vehicles protect occupants better and fewer injuries means lower claim amounts which can result in lower premiums. If the Dodge Viper scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

• Performance makes a difference – The performance level of the car, truck or SUV you need to insure makes a significant difference in how high your rates are. Economy passenger cars usually have the lowest rates, but many other things help determine your insurance rates.

  The following data uses these variables: single female driver age 40, full coverage with $250 deductibles, and no discounts or violations. It compares Dodge Viper rates compared to other models that have different performance rating factors.

• Your age impacts your rates – Young drivers in Texas are known to be easily distracted when driving and because of this, their auto insurance rates are much higher. Older insureds are shown to be more cautious, cause fewer claims and accidents, and usually have better credit.

  The chart below assumes a single driver, full coverage with $500 deductibles, and no discounts or violations.

• Do you really need the incidental coverages? – There are quite a few extra bells and whistles that you can get tricked into buying if you aren’t diligent. Insurance for things like replacement cost coverage, towing, and term life insurance are examples of these. These coverages may sound good at first, but if you don’t need them think about removing them and cutting costs.
• How do annual miles impact rates? – Driving more miles every year the more it will cost to insure it. Most insurance companies charge to insure your cars based upon how you use the vehicle. Cars that do not get driven very much receive lower rates than vehicles that are driven to work every day. Verify your vehicle rating is rated on the proper vehicle usage. Having an incorrect usage rating on your Viper may be costing you higher rates.

• Tickets cost more than a fine – Just one speeding ticket may cause rates to rise substantially. Careful drivers pay less for auto insurance than people who have multiple driving citations. Drivers who have serious tickets such as DUI or willful reckless driving may be required to complete a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.

  The illustration below illustrates how violations and at-fault collisions increase Dodge Viper car insurance costs for each age group. The information is based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

• Claims statistics for a Dodge Viper – Insurers use data from past claims when determining insurance prices. Models that tend to have higher frequency or amount of claims will have higher premium rates.

  The table below demonstrates the insurance loss data used by companies for Dodge Viper vehicles. For each type of coverage, the claim amount for all vehicles, regardless of make or model, is a value of 100. Percentages below 100 are indicative of better than average losses, while values over 100 point to more losses or statistically larger claims.

  
  

  Dodge Viper Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Dodge Viper 2dr	147

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

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.

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.

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.

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.

• Multiple Cars – Buying insurance for primary and secondary vehicles on one policy can get a discount on all vehicles.
• Driver Safety – Passing a course that instructs on driving safety could possibly earn you a 5% discount depending on where you live.
• Paperless Signup – Many companies will give a small break for completing your application online.
• Pay Early and Save – By making one initial payment instead of paying each month you can avoid monthly service charges.
• Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less as compared to drivers with claims.
• Resident Student – Kids who attend college more than 100 miles from Dallas and don’t have a car could qualify for this discount.

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:

• GEICO
• Travelers
• Nationwide
• Farmers Insurance
• Esurance
• State Farm
• Progressive
• Mercury Insurance

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.

For more information, feel free to browse the articles below:

• Tools for Teen Driving Safety (State Farm)
• What Car Insurance is Cheapest for a Company Car in Dallas? (FAQ)
• Who Has Affordable Dallas Auto Insurance for a Honda Civic? (FAQ)
• Who Has Affordable Car Insurance Quotes for a Chevrolet Equinox in Dallas? (FAQ)
• How Much are Dallas Auto Insurance Rates for Hybrid Vehicles? (FAQ)
• Drunk Driving Statistics (Insurance Information Institute)
• Your Car has been Stolen: Now What? (Allstate)
• Teen Driving Statistics (GEICO)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)