Age is a main determinant of how much auto insurance will cost. For a 2009 Dodge Challenger R/T model, 16-year-olds pay $6,238 annually on average for full coverage, while 40-year-olds only spend $1,349. A 16-year-old will shell out $8,740 annually for a 2022 model compared to a 40-year-old who will pay $1,926.
For the Dodge Challenger's base model, there is a special trim called the Dodge Challenger R/T. MoneyGeek compared the top insurance companies for a Dodge Challenger R/T in terms of price, service and claims record since affordability is not the sole thing that counts.
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Average Cost and Cheapest Companies for Insuring a Dodge Challenger R/T
The average yearly cost of insurance for a Dodge Challenger R/T is $1,707, though different companies may charge varying rates. State Farm offers the cheapest auto insurance for full coverage at $1,392, while the cost of an equivalent Farmers insurance policy is $1,987.
State Farm has the least expensive average premium for minimum coverage plans at $525 annually, while Farmers offers the most expensive policy at $796. Compare prices from multiple providers to discover the cheapest auto insurance.
Is a Dodge Challenger R/T Expensive to Insure?
A Dodge Challenger R/T, which has a manufacturer’s suggested retail price (MSRP) of $38,825 for the 2022 model year, has moderate insurance costs due to its horsepower and high rate of theft. Data from the National Highway Traffic Safety Administration indicate this vehicle is stolen more often, making it riskier to insure. Beyond this, cars with higher horsepower are viewed as riskier to insure due to drivers engaging in potentially reckless behavior behind the wheel.
Best Companies for Insuring a Dodge Challenger R/T
Price, customer service and claims handling are all essential factors in determining the best car insurance companies for a Dodge Challenger R/T. The following providers emerged as the top picks for full coverage for this vehicle:
- State Farm: MoneyGeek score of 90 out of 100 ($1,392 per year)
- GEICO: MoneyGeek score of 90 out of 100 ($1,411 per year)
With State Farm, you will pay less for high-quality service as it provides the lowest premiums and the second-best overall service rating among the insurance providers evaluated in our analysis.
MoneyGeek Top Pick: State Farm
Ranked #1 in affordability at $1,392 per year
Provides outstanding customer service
Offers roadside assistance to policyholders
Offers few add-on coverage options
Has below-average rating for handling claims
State Farm is the best insurer if you want to purchase car insurance for your Dodge Challenger R/T. It is also among the insurers that provide top-notch service to customers while making the most of its affordable premiums. However, it has limited add-on coverage options and a below-average rating for handling claims.
Roadside assistance, one of the few coverages offered by State Farm, covers towing to the closest place where maintenance can be performed, towing the car out if it gets stuck on or close to an open road, mechanical labor for up to an hour at the location of the breakdown, supply of gas, oil, a battery replacement or a tire change and locksmith labor for up to an hour to unlock an insured car if the key is misplaced, taken away or confined inside the vehicle.
MoneyGeek Runner-Up: GEICO
Provides the second-cheapest rates among seven companies
Good customer satisfaction rating
Has unique add-on coverages like antique/classic car insurance and mechanical breakdown insurance (MBI)
No original equipment manufacturer (OEM) coverage
Poor claims management score
Low coverage score
GEICO came in second since it offers good client service at a fair price. It provides the second-cheapest rates among seven insurance companies we evaluated that provide coverage for consumers using a Dodge Challenger R/T. However, it has a relatively low claims management rating and has no OEM coverage, which is common among other insurers.
The rental car and/or travel reimbursement, MBI, accident forgiveness, antique/classic car insurance and roadside assistance coverage are advantageous to policyholders.
Instead of the typical list of services included under most dealer-extended warranties, think about buying MBI, which protects all parts and systems on your Dodge Challenger R/T to gain further security. This add-on insurance is available to drivers with vehicles that are under 15 months old and have less than 15,000 miles on them.
Cost of Insuring a Dodge Challenger R/T by Model Year
A vehicle’s age is among the factors that affect the average cost of car insurance. Since a car's value decreases over time, newer models are often pricier to insure. For a Dodge Challenger R/T, full coverage insurance costs $1,349 annually for a 2009 model and $1,926 for a 2022 model.
The average cost of auto insurance also differs between service providers. State Farm offers the cheapest insurance for a 2009 model of Dodge Challenger R/T, costing $1,002 annually for full coverage, while Travelers is the most affordable for a 2022 model at $1,531 annually.
Cost of Insuring a Dodge Challenger R/T for 16- to 25-Year-Olds
When determining the price of insurance for a Dodge Challenger R/T, companies do more than simply look at the age of your vehicle. They also assess your age.
Young drivers often pay more for teen auto insurance than drivers aged 30 to 40. The average cost of full coverage for a 16-year-old is $7,566. A 40-year-old driver pays around $1,650. Young driver rates drastically decline annually in their teens until they stabilize when they are in their 20s.
You can identify the cheapest rates by comparing companies. For a 2022 Dodge Challenger R/T, State Farm charges $5,778 yearly for a full coverage plan for 16-year-old drivers, while Progressive charges $13,523. Keep in mind that these are the prices for individual teen car insurance policies. Teenagers could save a lot more cash by participating in a family plan, and teens under 18 might need a parent’s permission to get insurance.