2006 Chrysler 300 Insurance Cost – 8 Tips to Save

Paying for high-priced Chrysler 300 insurance can empty your checking account, especially in this economy. Shopping your coverage around is free, only takes a few minutes, and is a good way to tighten up your finances.

Lots of insurance companies contend to insure your vehicles, so it’s not easy to compare every insurer and get the best coverage at the lowest rate possible.

Smart consumers take time to price shop coverage quite often since insurance rates fluctuate regularly. Even if you got the best price for 300 insurance six months ago you can probably find a better price now. You can find a lot of wrong information about car insurance on the internet, so with this article, you’re going to get some proven techniques to slash your car insurance rates.

If you currently have car insurance, you should be able to lower your premiums substantially using this strategy. Finding the best rates is quite easy. Nevertheless, vehicle owners must know how big insurance companies sell insurance online because it can help you find the best coverage.

Save on 2006 Chrysler 300 insurance

Insurance can cost an arm and a leg, but there are discounts available that can drop the cost substantially. Certain discounts will be triggered automatically at the time you complete a quote, but less common discounts must be specially asked for before they will apply.

  • Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • E-sign – Some insurance companies will discount your bill up to fifty bucks simply for signing over the internet.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
  • Homeowners Discount – Owning a home can save you money because maintaining a house demonstrates responsibility.
  • Distant Student – Youth drivers who live away from home and do not have a car can receive lower rates.
  • Senior Discount – Mature drivers can possibly qualify for a small decrease in premiums for 300 insurance.
  • Save with a New Car – Putting insurance coverage on a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Anti-theft Discount – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as medical payments or collision. So when it seems like all those discounts means the company will pay you, insurance companies aren’t that generous. Any qualifying discounts will help reduce your premiums.

For a list of insurance companies offering insurance discounts, follow this link.

Tailor your coverage to you

When it comes to buying the best auto insurance coverage, there really is not a perfect coverage plan. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that can aid in determining whether or not you might need professional guidance.

  • Where can I find DUI or SR-22 insurance?
  • Does my car insurance cover rental cars?
  • Can my teen driver be rated on a liability-only vehicle?
  • Should I buy more coverage than the required minimum liability coverage?
  • Am I getting all the discounts available?
  • Does my policy cover my teen driver if they drive my company car?
  • Does my liability insurance cover pulling a trailer or camper?
  • How much liability coverage do I need in my state?
  • Do I need rental car coverage?

If you’re not sure about those questions, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Don’t believe everything you hear

Geico, State Farm and Progressive regularly use ads on TV and radio. All the companies make an identical promise about savings if you move your coverage to them. How do they all say the same thing?

Different companies are able to cherry pick for the type of driver that makes them money. A good example of a desirable insured could be between 30 and 50, has no tickets, and has excellent credit. A customer who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential insureds who don’t qualify for the “perfect” profile will be quoted higher premiums which leads to business going elsewhere. The ad wording is “customers who switch” not “people who quote” save that kind of money. That’s why companies can state the savings.

This emphasizes why you need to compare as many rates as you can. You cannot predict the company that will have the lowest Chrysler 300 insurance rates.

Auto insurance coverages and their meanings

Understanding the coverages of a auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. Below you’ll find the normal coverages found on the average auto insurance policy.

Auto liability

Liability coverage provides protection from damage that occurs to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like medical expenses, bail bonds and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.

Comprehensive insurance

This covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as damage from getting keyed, fire damage, rock chips in glass, theft and vandalism. The maximum amount a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, scraping a guard rail, sustaining damage from a pot hole, sideswiping another vehicle and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your 2006 Chrysler 300.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP pay for immediate expenses for nursing services, dental work and doctor visits. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Don’t break the bank

Budget-conscious 2006 Chrysler 300 insurance is attainable both online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

As you shop your coverage around, make sure you don’t reduce needed coverages to save money. There have been many situations where an insured cut physical damage coverage and learned later that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage at the best price while still protecting your assets.

More detailed auto insurance information is located at these sites: