Cheap Dodge Viper Insurance in Lincoln

Insurance for Dodge ViperA recent study showed that almost 70% of drivers have bought car insurance from the same company for at least the last four years, and nearly half have never taken the time to shop around. Most drivers in Nebraska could cut their rates by almost $390 a year by just comparing quotes, but most just don’t grasp the big savings they would realize if they switched to a cheaper policy.

If you want to find the absolute lowest rates, then the best way to save on Dodge Viper insurance is to start doing a yearly price comparison from providers in Lincoln.

A good piece of advice is that you’ll want to make sure you compare identical limits and deductibles on every quote request and and to look at every company you can. This ensures a fair price comparison and the best price quote selection.

Buying affordable auto insurance in Lincoln is not rocket science. If you have a current auto insurance policy or are shopping for new coverage, use these money-saving tips to lower your rates while maintaining coverages. Vehicle owners just need to learn the proper methods to compare different rates using one simple form.

Dodge Viper insurance charts and tables

The coverage information displayed below outlines a range of prices for Dodge Viper models. Understanding more about how rates are determined can help you make smart choices when comparing insurance rates.

Dodge Viper Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Viper SRT/10 2-Dr Coupe $304 $650 $308 $18 $92 $1,372 $114
Viper SRT/10 2-Dr Roadster $304 $650 $308 $18 $92 $1,372 $114
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Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in specific garaging location which can change auto insurance rates substantially.

The chart below shows how choosing a deductible and can raise or lower Dodge Viper annual premium costs for different age groups. The data is based on a single female driver, comp and collision included, and no policy discounts are applied.

Drive responsibly or pay higher rates

The illustration below shows how speeding tickets and at-fault collisions can impact Dodge Viper auto insurance costs for different age groups. The data assumes a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

Full coverage versus liability-only

The example below illustrates the difference between Dodge Viper auto insurance rates with full physical damage coverage and with liability coverage only. The prices are based on no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no clear-cut rule of when to drop full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your Dodge Viper claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If it’s costing in excess of $300 a year for full coverage, then you might consider buying liability only.

There are some scenarios where dropping full coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

How Car Insurance Companies Calculate Dodge Viper Insurance Costs

Smart consumers have a good feel for the different types of things that go into determining the rates you pay for auto insurance. If you have some idea of what impacts premium levels, this enables you to make decisions that could result in big savings. Multiple criteria are considered when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but others are more transparent like your vehicle usage and annual miles driven.

Shown below are some of the things used by your company to calculate your rates.

Add-on coverages can cost a lot – There are many add-on coverages that you can get tricked into buying on your Viper policy. Coverage for things like rental car reimbursement, death and dismemberment, and Farm Bureau memberships may not be needed and are just wasting money. They may seem like a good idea initially, but now you might not need them so eliminate the coverages to reduce your premium.

Too many policy claims will drive prices up – If you are a frequent claim filer, you should expect increased rates or even have your policy non-renewed. Auto insurance companies in Nebraska generally give the lowest premiums to policyholders who are claim-free. Insurance coverage is meant to be used in the event of the large, substantial claims.

Vocation stress can affect rates – Do you have a high-stress occupation? Jobs such as military generals, police officers, and accountants usually pay the highest rates because of intense work-related stress and lots of time spent at work. On the other hand, careers like actors, historians and retirees have the lowest average rates.

Lower coverage deductibles cost more – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Dodge. Some examples of claims that would be covered are colliding with a building, damage caused by hail, and having your car stolen. The deductibles state the amount of money you are required to spend out-of-pocket in the event of a claim. The more expense you have to pay, the less your company will charge you for insurance.

Lower rates for cars with good safety ratings – Vehicles that have high safety ratings tend to have lower insurance rates. Vehicles built for safety reduce occupant injuries and better occupant protection means less claims paid which can mean better rates for you. If the Dodge Viper scored at minimum four stars on it may cost less to insure.

How your age affects costs – Inexperience drivers have a tendency to be careless and easily distracted when driving with friends therefore auto insurance rates are much higher. Older, more experienced drivers have been proven to be more responsible, tend to cause fewer accidents, and are generally more financially stable.

The following chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Don’t let your policy lapse – Driving your car without having proper coverage is a big no-no and any future policy may cost more because you let your insurance lapse for non-payment. Not only will you pay higher rates, failure to provide proof of insurance could earn you a fine, jail time, or a revoked license.

Does insurance cost more for men? – Statistics demonstrate that females take fewer risks when driving. The data does not necessarily mean that men are WORSE drivers than women. Both genders cause accidents at a similar rate, but the male of the species have accidents that have higher claims. Men also statistically receive more costly citations like reckless driving and DUI. Young males are several times more likely to be in an accident so they pay the highest premiums.

The chart below shows the difference between Dodge Viper car insurance rates for male and female drivers. The costs are based on no claims or driving violations, full coverage, $1,000 deductibles, drivers are single, and no additional discounts are factored in.

Loss statistics for a Dodge Viper – Car insurance companies factor in insurance loss information to help calculate a profitable premium rate. Models that have high amounts or severity of claims will have higher premium rates.

The table below demonstrates the insurance loss data used by companies for Dodge Viper vehicles. For each insurance policy coverage type, the statistical loss for all vehicles combined as an average is equal to 100. Numbers under 100 represent a good loss history, while values over 100 indicate higher probability of having a loss or tendency to have higher losses.

Insurance Loss Ratings for Dodge Viper Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Viper 2dr 147

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

Persistence is the key to cheaper rates

We just presented a lot of tips how to compare Dodge Viper insurance premium rates in Lincoln. It’s most important to understand that the more companies you get prices for, the higher your chance of finding inexpensive Lincoln auto insurance quotes. Consumers could even find that the biggest savings come from a lesser-known regional company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped uninsured motorist or liability limits and learned later that they should have had better coverage. Your goal is to buy the best coverage you can find for the lowest price while still protecting your assets.

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