Would you like to save money by finding low-cost Chrysler 300 insurance in Minneapolis? Are you regretting the purchase of an expensive auto insurance policy? You’re preaching to the choir because many Minneapolis consumers are in the same pinch.
It’s an obvious assumption that car insurance companies want to prevent you from shopping around. People who shop around for cheaper price quotes will most likely buy a different policy because there is a good probability of finding a policy with more affordable rates. Remarkably, a study showed that people who compared prices once a year saved over $865 annually compared to policyholders who never shopped for cheaper rates.
If finding the cheapest price on Chrysler 300 insurance in Minneapolis is the reason for your visit, then having an understanding of the best ways to find and compare insurance premiums can save money and time.
How to buy cheaper Chrysler 300 insurance in Minneapolis
If your goal is the lowest price, then the best way to get discount Chrysler 300 insurance is to regularly compare quotes from insurers that sell auto insurance in Minneapolis. This can be done by following these steps.
- First, take a few minutes and learn about how your policy works and the modifications you can make to prevent expensive coverage. Many rating factors that increase rates such as traffic tickets, fender benders, and poor credit can be eliminated by improving your driving habits or financial responsibility.
- Second, compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive or Farmers Insurance, while agents who are independent can give you price quotes for a wide range of companies.
- Third, compare the price quotes to your existing policy to determine if you can save on 300 insurance in Minneapolis. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
The key aspect of shopping around is to make sure you’re comparing identical coverages on each quote request and and to get prices from every insurance company. This ensures a level playing field and the best price quote selection.
Big-name insurance companies like GEICO and Progressive continually hit you with TV and radio ads and consumers find it hard to see through the cute green geckos and mayhem and effectively compare rates to find the best deal.
If you are insured now or are shopping for new coverage, follow these tips to shop for the lowest rates and still have adequate protection. Locating the best rates in Minneapolis is really quite easy. Smart buyers only need an understanding of the proper methods to buy insurance from many different companies.
Most major insurance companies allow consumers to get coverage prices on their websites. Getting online quotes for Chrysler 300 insurance in Minneapolis doesn’t take much effort as all you need to do is type in the coverages you want on the page. After you submit the form their rating system collects your credit score and driving record and generates a price. Being able to quote online for Chrysler 300 insurance in Minneapolis makes it easy to compare insurance prices and it is important to compare as many rates as possible if you want to find affordable rates.
In order to compare rates now, take a look at the companies shown below. If you have a policy now, it’s recommended you complete the form with your coverages just like they are on your policy. This helps ensure you are getting rate comparison quotes based on identical coverages.
The car insurance companies shown below are our best choices to provide quotes in Minnesota. To locate the best car insurance in Minneapolis, we suggest you get price quotes from several of them to get the most affordable price.
Coverage analysis
The rate table below showcases estimates of coverage costs for Chrysler 300 models. Learning more about how premiums are established can be useful when making informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $238 | $476 | $358 | $22 | $108 | $1,202 | $100 |
| 300 Touring Plus 4-Dr Sedan | $238 | $476 | $358 | $22 | $108 | $1,202 | $100 |
| 300 Touring AWD 4-Dr | $238 | $476 | $358 | $22 | $108 | $1,202 | $100 |
| 300 S V6 4-Dr Sedan | $238 | $476 | $358 | $22 | $108 | $1,202 | $100 |
| 300 Touring Signature 4-Dr Sedan | $238 | $476 | $358 | $22 | $108 | $1,202 | $100 |
| 300 Touring Executive 4-Dr Sedan | $238 | $476 | $358 | $22 | $108 | $1,202 | $100 |
| 300 Touring Signature AWD 4-Dr | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| 300 Limited 4-Dr Sedan | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| 300 C 4-Dr Sedan | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| 300 S V8 4-Dr Sedan | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| 300 Limited AWD 4-Dr | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| 300 C AWD 4-Dr | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| 300 SRT-8 4-Dr Sedan | $264 | $550 | $358 | $22 | $108 | $1,302 | $109 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate information does not factor in specific location which can impact auto insurance rates noticeably.
Higher deductibles save money
When shopping for car insurance, a common question is how high should the deductibles for physical damage be. The tables below outline the rate difference between high and low physical damage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| 300 Touring Plus 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| 300 Touring AWD 4-Dr | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| 300 S V6 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| 300 Touring Signature 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| 300 Touring Executive 4-Dr Sedan | $276 | $486 | $318 | $18 | $94 | $1,217 | $101 |
| 300 Touring Signature AWD 4-Dr | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| 300 Limited 4-Dr Sedan | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| 300 C 4-Dr Sedan | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| 300 S V8 4-Dr Sedan | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| 300 Limited AWD 4-Dr | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| 300 C AWD 4-Dr | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| 300 SRT-8 4-Dr Sedan | $308 | $560 | $318 | $18 | $94 | $1,323 | $110 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 300 Touring Plus 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 300 Touring AWD 4-Dr | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 300 S V6 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 300 Touring Signature 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 300 Touring Executive 4-Dr Sedan | $170 | $306 | $318 | $18 | $94 | $906 | $76 |
| 300 Touring Signature AWD 4-Dr | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| 300 Limited 4-Dr Sedan | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| 300 C 4-Dr Sedan | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| 300 S V8 4-Dr Sedan | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| 300 Limited AWD 4-Dr | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| 300 C AWD 4-Dr | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| 300 SRT-8 4-Dr Sedan | $190 | $352 | $318 | $18 | $94 | $972 | $81 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in specific zip code location which can change price quotes significantly.
Based on these figures, using a $250 deductible will cost in the ballpark of $27 more each month or $324 every year than requesting the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 28 months between claims, you would save more money if you opt for a higher deductible.
Poor driving habits will raise your car insurance rates
The chart below illustrates how violations and at-fault accidents raise Chrysler 300 insurance premiums for different ages of insureds. The data is based on a married male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
Car insurance prices based on gender
The example below illustrates the comparison of Chrysler 300 insurance costs for male and female drivers. The price estimates are based on a clean driving record, no claims, full physical damage coverage, $500 deductibles, drivers are not married, and no discounts are applied.
Insuring your vehicle just makes sense
Despite the potentially high cost of Chrysler 300 insurance, maintaining insurance serves an important purpose.
- Just about all states have mandatory insurance requirements which means the state requires a specific level of liability if you drive a vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your 300, more than likely the lender will make it a condition of the loan that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank will be required to insure your Chrysler at a significantly higher premium and force you to pay the higher premium.
- Insurance protects both your vehicle and your personal assets. It will also cover hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay attorney fees if you are sued as the result of an accident. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to repair the damage.
The benefits of carrying adequate insurance outweigh the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver overpays more than $820 a year so it’s important to compare rates each time the policy renews to ensure rates are inline.
Smart Buyers Can Cut Their Insurance Premiums
Lots of factors are considered when you quote your car insurance policy. Some of the criteria are obvious like your driving record, but other criteria are not as apparent like your continuous coverage and annual miles driven.
The items below are some of the most rate-impacting factors used by companies to determine prices.
Vehicle features that cut rates – Buying a car that has a built-in theft deterrent system can earn a premium discount. Advanced theft deterrents such as OnStar, LoJack tracking, and tamper alarms can thwart car theft.
With age comes lower rates – Inexperience drivers are known to be easily distracted with other occupants in the car so they pay higher insurance rates. Having to add a inexperienced driver onto your insurance can break the bank. More experienced drivers are more cautious drivers, cause fewer claims and accidents, and usually have better credit.
The following chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
Safer cars lower premiums – Vehicles that have high safety ratings tend to have better insurance rates. Highly rated vehicles reduce the chance of injuries and better occupant protection means less money paid by your insurance company and thus lower rates.
Combine and save – Most major companies provide discounts to clients who buy several policies from them such as combining an auto and homeowners policy. Discounts can add up to as much as ten percent or more Even with this discount, it’s always a smart idea to check prices from other companies to help guarantee you have the best rates.
Always keep your insurance in place – Driving without insurance is a big no-no and as a result your rates will increase for letting your insurance coverage expire. In addition to paying higher premiums, not being able to provide proof of insurance may earn you a hefty fine and possibly a revoked license. You may need to prove you have insurance by filing a SR-22 with the Minnesota motor vehicle department.
Protect yourself with liability protection – The liability section of your policy is the coverage that protects you when a court rules you are at fault for causing personal injury or damage in an accident. Liability insurance provides you with a defense in court which can cost a lot. Liability insurance is pretty cheap compared to other policy coverages, so buy as much as you can afford.
Insurance losses for a Chrysler 300 – Insurers include the past claim history for a vehicle when setting premium prices. Vehicles that historically have higher loss trends will cost more for coverage. The table shown below demonstrates the actual insurance loss data for Chrysler 300 vehicles.
For each policy coverage type, the claim amount for all vehicles averaged together is a value of 100. Numbers that are below 100 indicate better than average losses, while numbers above 100 indicate more frequent losses or an increased chance of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Chrysler 300 2WD | 115 | 103 | 178 | 134 | 136 | 114 |
| Chrysler 300 4WD | 109 | 100 | 206 | 113 | 96 | 104 |
| Chrysler 300 HEMI | 125 | 96 | 225 | 105 | 114 | 117 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
It’s not one size fits all
When it comes to coverage for your personal vehicles, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that.
Here are some questions about coverages that can help discover if your insurance needs would benefit from an agent’s advice.
- Do I need added coverage for expensive stereo equipment?
- At what point should I drop full coverage?
- Are rental cars covered under my policy?
- Am I covered when driving in Canada or Mexico?
- Is borrowed equipment or tools covered if stolen or damaged?
- What is the minimum liability in Minnesota?
- Do I need medical payments coverage since I have good health insurance?
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.
Best auto insurance company in Minnesota
Insuring your vehicle with the right auto insurance company is difficult considering how many different companies sell coverage in Minneapolis. The ranking data below may help you decide which car insurance providers to look at shopping your coverage with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Mercury Insurance | 87 | 95 | 87 | 84% | A+ | 88.3 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
One last thing about your coverage
When searching for low cost Minneapolis car insurance quotes, don’t be tempted to skimp on critical coverages to save a buck or two. In too many instances, an accident victim reduced liability limits or collision coverage only to discover later that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at the best cost, but do not sacrifice coverage to save money.
Some companies may not have the ability to get a quote online and most of the time these small, regional companies sell through independent agents. Cheaper car insurance in Minneapolis is available both online as well as from independent agents in Minneapolis, and you need to price shop both in order to have the best price selection to choose from.
How to find more affordable Chrysler 300 insurance in Minneapolis
The most effective way to find the cheapest price for car insurance rates in Minneapolis is to do an annual price comparison from insurers that sell auto insurance in Minnesota. This can be done by completing these steps.
- Step 1: Gain an understanding of coverages and the things you can change to prevent high rates. Many factors that result in higher rates like high-risk driving behaviors and a poor credit score can be remedied by making small lifestyle or driving habit changes.
- Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from a single company like GEICO or Allstate, while independent agents can give you price quotes for a wide range of companies.
- Step 3: Compare the quotes to your current policy and see if there is a cheaper rate in Minneapolis. If you find a lower rate and switch companies, make sure coverage does not lapse between policies.
One key aspect of rate comparisons is to make sure you enter the same deductibles and limits on each price quote and and to get prices from as many different companies as possible. This enables the most accurate price comparison and the best price quote selection.
Additional car insurance information can be read below:
- Steps to Take After an Auto Accident (Insurance Information Institute)
- What Insurance is Cheapest for Police Officers in Minneapolis? (FAQ)
- What Auto Insurance is Cheapest for a Jeep Wrangler in Minneapolis? (FAQ)
- Who Has the Cheapest Minneapolis Car Insurance Quotes for Uninsured Drivers? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance for a Hyundai Sonata? (FAQ)
- How Much are Car Insurance Rates for Active Military in Minneapolis? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)