2003 Dodge Neon Insurance Rates

Looking for the cheapest insurance coverage rates for your Dodge Neon? Finding lower premiums on insurance coverage can be hard for consumers new to shopping for insurance online. Consumers have so many companies to choose from that it can easily become a lot of work to find lower rates.

Your Dodge Neon insurance rate is a complex equation

An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for insurance. Knowing what influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

  • Men are more aggressive – The statistics show that women are safer drivers than men. However, this does not mean men are worse drivers. Men and women cause accidents in similar numbers, but the male of the species have costlier accidents. Men also tend to get more serious tickets such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore have the most expensive insurance rates.
  • High numbers of claims are not good – If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Insurance companies award cheaper rates to drivers who do not rely on their insurance for small claims. Your insurance policy is intended for major claims that would cause financial hardship.
  • Bundling policies can get discounts – Many insurance companies give discounts to people who consolidate policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you still need to compare rates to ensure the best deal.
  • Poor credit can mean higher rates – Credit history is a huge factor in determining what you pay for insurance. Therefore, if your credit history is not that good, you could pay less to insure your 2003 Dodge Neon by improving your rating. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • Low deductibles can be expensive – Your deductibles represent how much money you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of covered claims are colliding with a building, damage from fire, and rolling your vehicle. The more expense you’re willing to pay, the bigger discount you will receive on Neon coverage.

How to save on 2003 Dodge Neon insurance

Companies that sell car insurance don’t always publicize all their discounts very clearly, so we took the time to find some of the best known and the more hidden ways to save on insurance.

  • Distant Student – Children who are attending college and do not have a car may qualify for this discount.
  • Payment Method – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
  • Save with a New Car – Putting insurance coverage on a new car can be considerably cheaper since new cars are generally safer.
  • Organization Discounts – Affiliation with a qualifying organization could qualify you for a break when shopping for insurance on Neon coverage.
  • No Accidents – Drivers with accident-free driving histories pay much less compared to frequent claim filers.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most only cut the price of certain insurance coverages like medical payments or collision. So when it seems like adding up those discounts means a free policy, insurance companies aren’t that generous.

Car insurance companies that may offer these money-saving discounts include:

It’s a good idea to ask each insurance company which discounts you may be entitled to. All car insurance discounts may not be available in every state.

Misconceptions in insurance advertisements

Insurance companies such as Allstate, Geico and Progressive continually stream ads on television and other media. They all seem to say the same thing about savings after switching your coverage to them. How does each company make the same claim?

All companies have a preferred profile for the type of driver that earns them a profit. For example, a preferred risk might be profiled as between 25 and 40, a clean driving record, and drives newer vehicles. A propective insured who meets those qualifications gets the lowest rates and is almost guaranteed to save when they switch companies.

Drivers who don’t qualify for these standards will have to pay a higher premium and this can result in the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save money. That’s the way insurance companies can state the savings. Because of the profiling, drivers must get a wide range of price quotes. It’s impossible to know which company will provide you with the cheapest Dodge Neon insurance rates.

Tailor your coverage to you

When it comes to buying coverage, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.

For instance, these questions may help you determine whether you might need an agent’s assistance.

  • Will my insurance pay for OEM parts?
  • Should I buy full coverage?
  • I have a DUI can I still get coverage?
  • What is an SR-22 filing?
  • Does insurance cover tools stolen from my truck?
  • Do I need an umbrella policy?

If you’re not sure about those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form.

Specific coverage details

Understanding the coverages of a car insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses like surgery, pain medications, ambulance fees and chiropractic care. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Collision insurance

Collision insurance pays for damage to your Neon resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims like colliding with a tree, hitting a parking meter, sustaining damage from a pot hole and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Comprehensive coverages

This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, rock chips in glass, damage from a tornado or hurricane, a broken windshield and hitting a deer. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability

Liability insurance can cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for things such as emergency aid, attorney fees and repair costs for stationary objects. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Buy online or local, you save

Throughout this article, we presented many ideas to save on 2003 Dodge Neon insurance. The key concept to understand is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the best prices are with a lesser-known regional company.

As you prepare to switch companies, don’t be tempted to reduce needed coverages to save money. There have been many cases where an insured dropped full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to get the best coverage possible at the best price, not the least amount of coverage.

Insureds switch companies for a variety of reasons including unfair underwriting practices, delays in paying claims, an unsatisfactory settlement offer or high prices. Regardless of your reason for switching companies, choosing a new company is pretty simple and you could end up saving a buck or two.

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