Best Insurance for a Dodge Viper in Minneapolis

The preferred way to get budget car insurance rates in Minneapolis is to make a habit of regularly comparing prices from insurance carriers in Minnesota.

Step 1: Spend a few minutes and learn about coverages and the things you can change to prevent rate increases. Many factors that result in higher rates such as speeding and an imperfect credit history can be remedied by improving your driving habits or financial responsibility.

Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can quote rates for a wide range of companies.

Step 3: Compare the quotes to your current policy premium and see if you can save money. If you find a lower rate quote, ensure coverage does not lapse between policies.

Step 4: Give notification to your current company to cancel your current car insurance policy and submit payment and a signed application to your new company or agent. Once the paperwork is finalized, keep your new proof of insurance paperwork somewhere easily accessible.

The key thing to know about shopping around is to make sure you’re comparing the same liability limits and deductibles on each price quote and and to get price estimates from as many car insurance companies as possible. This provides an apples-to-apples comparison and a good representation of prices.

We don’t have to point out that fact that auto insurance companies don’t want you to compare rates. Drivers who shop around for the cheapest rate are likely to buy a different policy because there is a good probability of finding a lower rate. A recent study showed that drivers who compared rates once a year saved about $3,400 over four years compared to policyholders who never shopped around for lower prices.

If saving the most money on auto insurance is your intention, then learning a little about how to find and compare insurance premiums can make the process more efficient.

If you have insurance now, you will surely be able to reduce the price you pay using the concepts you’re about to learn. Locating the best insurance company for you in Minneapolis is really not that difficult. Nevertheless, Minnesota drivers do need to understand how the larger insurance companies charge you for coverage and use it to your advantage.

Which Dodge Viper insurance is cheapest in Minneapolis, MN?

When quoting insurance, remember that quoting more helps you find lower pricing. Not every company allows you to get Minneapolis Viper insurance quotes online, so it’s important to also get prices from the smaller companies as well.

The companies in the list below are our best choices to provide quotes in Minneapolis, MN. To find the best car insurance in Minneapolis, it’s highly recommended you visit as many as you can to get the most affordable price.

Dodge Viper detailed coverage information

The rate table shown below outlines detailed analysis of coverage prices for Dodge Viper models. Being aware of how auto insurance policy rates are figured can be of help when making smart choices when purchasing an insurance policy.

Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Table data does not factor in vehicle location which can revise rates considerably.

Male drivers compared to female drivers in Minneapolis

The chart below shows the difference between Dodge Viper annual premium costs for male and female drivers. The data is based on a clean driving record, no claims, full coverage, $100 deductibles, marital status is single, and no other discounts are factored in.

Difference between full coverage and liability only rates

The diagram below compares Dodge Viper insurance premiums with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents, no driving violations, $250 deductibles, drivers are single, and no additional discounts are factored in.

When to drop comprehensive and collision coverage

There is no clear-cut formula to exclude physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s pretend your Dodge Viper book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after you pay the deductible. If it’s costing in excess of $200 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where eliminating full coverage is not a good plan. If you still have a lienholder on your title, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Why car insurance is not optional

Despite the high insurance cost for a Dodge Viper in Minneapolis, maintaining insurance is required in Minnesota but it also protects you in many ways.

• Most states have mandatory liability insurance requirements which means the state requires a specific level of liability if you want to drive legally. 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 have a loan on your vehicle, almost all lenders will force you to have insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the lender will be forced to insure your Dodge for a lot more money and make you pay the higher premium.
• Car insurance preserves both your assets and your Dodge Viper. It will also reimburse you for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage also pays expenses related to your legal defense if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to repair the damage.

The benefits of having car insurance more than offset the price you pay, specifically if you ever have a liability claim. According to a recent study, the average American driver is wasting up to $800 each year so you should quote rates at every renewal to ensure rates are inline.

Minneapolis insurance discounts

Some insurers don’t list all available discounts very clearly, so the list below gives a summary of both well-publicized and also the more inconspicuous ways to save on insurance. If you’re not getting every credit you qualify for, you could be saving more on your insurance.

• Passenger Safety Discount – Cars that have air bags may get savings up to 30%.
• Driver Training Discounts – Passing a defensive driving class could save 5% or more if your company offers it.
• Savings for New Vehicles – Putting coverage on a new Viper can get you a discount because newer vehicles have to meet stringent safety requirements.
• Multiple Cars – Buying coverage for all your vehicles with the same company can get a discount for every vehicle.
• Own a Home and Save – Owning a house in Minneapolis can earn you a little savings because maintaining a house requires personal responsibility.
• Use Seat Belts – Drivers who require all occupants to buckle up before driving can save a little on the premium charged for medical payments and/or PIP.

Keep in mind that most discounts do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.

The illustration below shows the difference between Dodge Viper insurance premiums with and without discounts applied to the rates. Data assumes a male driver, no accidents or driving violations, Minnesota state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, safe-driver, multi-policy, and homeowner discounts applied.

If you would like to view providers who offer cheap Dodge Viper insurance quotes in Minneapolis in Minnesota, click here.

When to talk to an insurance agent

A lot of people still prefer to buy from a local agent and we recommend doing that The biggest benefit of comparing auto insurance online is that you can obtain cheap auto insurance rates and also buy local.

Upon completion of this form (opens in new window), the coverage information is submitted to participating agents in Minneapolis who will give you bids for your business. There is no need to contact any agents as quotes are delivered instantly to you. You can get cheaper auto insurance rates without a big time investment. If you have a need to get a price quote from one company in particular, you would need to visit that company’s website and fill out their quote form.

Picking the best provider is decision based upon more than just the premium amount. Any agent in Minneapolis should be willing to answer these questions.

• When do they do a full risk review?
• Is coverage determined by price?
• Are they in the agency full-time?
• Has the agent ever had any license suspensions?
• Do clients work directly with the agent or are most inquiries handled by a CSR?
• Does the company allow you to choose your own collision repair facility?
• Is the agent CPCU or CIC certified?
• Can you get a list of referrals?

Exclusive and independent Minneapolis auto insurance agents

If you’re trying to find a local Minneapolis insurance agent, there are two different types of agencies that differ in how they can insure your vehicles. Minneapolis agents can be described as either exclusive agents or independent agents.

Exclusive Auto Insurance Agents

Exclusive agencies can only place business with one company such as American Family, State Farm, and AAA. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive agents are well schooled on sales techniques which helps them compete with independent agents.

Below is a short list of exclusive agents in Minneapolis who can help you get comparison quotes.

More insurance agents

Independent Insurance Agents

Agents of this type are not restricted to one company so as a result can place your coverage with multiple insurance companies and find you cheaper rates. If they find a cheaper price, they simply switch companies in-house and that require little work on your part.

When comparing auto insurance rates, you need to get quotes from a few independent agents to maximize your price options.

Listed below are Minneapolis independent agencies who can help you get price quote information.

More insurance agents

Educate yourself about car insurance coverages

Knowing the specifics of car insurance aids in choosing appropriate coverage for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. Shown next are the normal coverages found on most car insurance policies.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like prosthetic devices, doctor visits, nursing services and X-ray expenses. They can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Collision protection

Collision coverage will pay to fix damage to your Viper from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as crashing into a building, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible on your Viper to save money on collision insurance.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as hail damage, a broken windshield and damage from a tornado or hurricane. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Protection from uninsured/underinsured drivers

This gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Dodge Viper.

Since a lot of drivers carry very low liability coverage limits (which is 30/60/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Auto liability insurance

Liability insurance can cover damage or injury you incur to a person or their property by causing an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 30/60/10 which means $30,000 bodily injury coverage, $60,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property.

Liability coverage protects against things such as medical services, medical expenses, loss of income and legal defense fees. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford. Minnesota state law requires minimum liability limits of 30/60/10 but it’s recommended drivers buy more coverage.

The next chart demonstrates why buying minimum limits may not be high enough to cover claims.

Cheaper car insurance premiums are possible

In this article, we presented many ideas to shop for Dodge Viper insurance online. The key thing to remember is the more price quotes you have, the better your comparison will be. You may even find the most savings is with some of the smallest insurance companies. Smaller companies often have lower prices on specific markets than their larger competitors like Allstate and Progressive.

Cheaper Dodge Viper insurance in Minneapolis is available from both online companies and also from your neighborhood Minneapolis agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide rate quotes online and usually these regional carriers work with local independent agencies.

Additional detailed information can be found in the articles below:

• Insuring a Leased Car (Insurance Information Institute)
• What Car Insurance is Cheapest for a Ford Escape in Minneapolis? (FAQ)
• Who Has Cheap Auto Insurance for a Toyota Highlander in Minneapolis? (FAQ)
• What Insurance is Cheapest for Police Officers in Minneapolis? (FAQ)
• Who Has the Cheapest Minneapolis Auto Insurance Quotes for Business Use? (FAQ)
• What Auto Insurance is Cheapest for a Company Car in Minneapolis? (FAQ)
• How to Avoid Staged Accidents (State Farm)
• Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)