7 Ways to Save on Chrysler 200 Insurance

No one cherishes buying car insurance, particularly when the cost is way too high. Popular companies such as Progressive, GEICO and Farmers Insurance increase brand awareness with advertising and consumers find it hard to sift through the bull and do the work needed to find the best deal.

Consumers need to check car insurance prices occasionally because rates go up and down regularly. Just because you had the lowest price on 200 coverage a couple years back you may be paying too much now. There is a lot of wrong information about car insurance online but with this article, you’re going to get some tested techniques to slash your car insurance rates.

Free Car Insurance Quotes

Finding lower car insurance rates can be quick and easy. The only requirement is to take a few minutes to compare rate quotes online with multiple companies. This is very easy and can be done in a couple of different ways.

  1. Probably the best way to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This type of form saves time by eliminating repetitive form submissions for each company. One simple form will get you rate comparisons from multiple low-cost companies.
  2. A harder way to shop for car insurance online requires visiting the website for every company you want to comare and fill out their own quote form. For sake of this example, we’ll assume you want rates from State Farm, Progressive and Farmers. To get each rate you have to take the time to go to each site and enter your information, and that’s why the first method is more popular. For a handy list of car insurance company links in your area, click here.
  3. The most time-consuming way to get comparison rates is to spend time driving to local insurance agencies. Shopping for car insurance online can eliminate the need for a local agent unless you want the personal advice of a licensed agent. You can, however, price shop your coverage online and still use a local agent and we’ll talk about that later.

However you get your quotes, double check that you are using identical coverage limits and deductibles for each price quote. If each company quotes mixed coverages it’s not possible to decipher which rate is best.

Don’t miss out on these seven money-saving discounts

The price of auto insurance can be rather high, but you may find discounts to help offset the cost. Certain discounts will be triggered automatically at the time you complete a quote, but some may not be applied and must be specifically requested prior to receiving the credit. If you don’t get every credit you qualify for, you are throwing money away.

  • Safe Drivers – Insureds without accidents may save up to 50% more on 200 coverage than their less cautious counterparts.
  • Anti-theft Discount – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Save with a New Car – Adding a new car to your policy can cost up to 25% less due to better safety requirements for new cars.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company qualifies for this discount.
  • One Accident Forgiven – A handful of insurance companies allow you one accident before hitting you with a surcharge if you are claim-free for a certain period of time.
  • Seat Belts Save – Drivers who require all occupants to use a seat belt can save 10% or more off your PIP or medical payments premium.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as comp or med pay. So when the math indicates all the discounts add up to a free policy, car insurance companies aren’t that generous. But any discount will reduce the amount you have to pay.

To see a list of insurers with discount car insurance rates, click here.

Do I need a local agent?

Certain consumers would prefer to buy from a licensed agent and that is just fine! Professional agents are trained to spot inefficiencies and give you someone to call. One of the best bonuses of price shopping on the web is the fact that you can find lower rates but still work with a licensed agent. And providing support for local agencies is definitely important if you live in a smaller city or town.

For easy comparison, once you complete this short form, the coverage information is transmitted to insurance agents who will compete to get your business. There is no need to visit any agencies because quoted prices will be sent immediately to your email address.

Captive or Independent: There is a difference

When searching for a reliable agent, you need to know there are two different types of agents to choose from. Agencies are classified as either independent or captive. Both insure your vehicles, but it’s important to know the difference between them since it can impact buying decisions.

Independent Insurance Agents

Independent agencies are not locked into one company but instead can place your coverage with many different companies depending on which coverage is best. To move your coverage to a new company, your agent can switch companies and you don’t have to find a new agent. insurance quotes

When comparison shopping, we recommend you include several independent insurance agents for the best price selection.

Captive Insurance Agents

These agents are contracted to one company like AAA, Allstate and State Farm. They usually cannot compare other company’s rates so keep that in mind. Captive agents are usually quite knowledgeable in insurance sales which can be an advantage.

To view a full list of insurance agencies, visit this site.

Selecting a car insurance agent shouldn’t rely on just the price. Ask your prospective agent these questions:

  • Do the coverages you’re quoting properly cover your vehicle?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • Can they give you a list of client referrals?
  • How much will you save each year by using a higher deductible?
  • Is assistance available after office hours?
  • Will your rates increase after a single accident?
  • Who is covered by the car insurance policy?
  • What insurance company do they write the most business with?

Upon receiving good answers for all questions you ask and a good coverage price, you have narrowed it down to an insurance agency that is a good match to insure your vehicles. But keep in mind policyholders can cancel coverage for any reason so don’t feel that you’re stuck with a policy for the full term.

Car insurance policy coverages for a Chrysler 200

Having a good grasp of car insurance can help you determine which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on most car insurance policies.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Coverage for medical payments

Med pay and PIP coverage pay for immediate expenses for surgery, chiropractic care, doctor visits and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible

Collision coverage

Collision coverage pays for damage to your 200 from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for things such as hitting a mailbox, colliding with another moving vehicle, scraping a guard rail and crashing into a building. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

best Chrysler 200 insurance

Comprehensive coverages

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as theft, rock chips in glass, hitting a bird and hitting a deer. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Auto liability insurance

Liability coverage can cover damage or injury you incur to other’s property or people that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage protects against claims like court costs, bail bonds, pain and suffering, emergency aid and structural damage. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible.

One last thing

As you go through the steps to switch your coverage, make sure you don’t skimp on critical coverages to save a buck or two. Too many times, drivers have reduced full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to find the BEST coverage at an affordable rate.

Affordable Chrysler 200 insurance is available from both online companies as well as from independent agents, so you should be comparing quotes from both to have the best rate selection. A few companies don’t offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.