Compare the Cost of Dodge Challenger R/T Insurance by Model Year and Company


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ByMark Fitzpatrick
Edited byAshley Jacobs
ByMark Fitzpatrick
Edited byAshley Jacobs

Updated: May 20, 2024

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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.

MoneyGeek Logo IconCar Insurance CostsChallenger R/T
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze the average rates for a Dodge Challenger R/T.

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These rates were updated to reflect the average cost of car insurance for a Dodge Challenger R/T as of 2023.

10Companies Compared
 
50,796 Quotes Analyzed

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.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,392
GEICOAverage Annual Premium$1,411
TravelersAverage Annual Premium$1,624
AllstateAverage Annual Premium$1,628
NationwideAverage Annual Premium$1,670
ProgressiveAverage Annual Premium$1,960
FarmersAverage Annual Premium$1,987

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

State Farm

pros

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Ranked #1 in affordability at $1,392 per year

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Provides outstanding customer service

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Offers roadside assistance to policyholders

cons

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Offers few add-on coverage options

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Has below-average rating for handling claims

COMPANY HIGHLIGHTS

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.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

pros

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Provides the second-cheapest rates among seven companies

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Good customer satisfaction rating

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Has unique add-on coverages like antique/classic car insurance and mechanical breakdown insurance (MBI)

cons

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No original equipment manufacturer (OEM) coverage

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Poor claims management score

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Low coverage score

COMPANY HIGHLIGHTS

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.

Read MoneyGeek's GEICO Auto Insurance Review

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.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,926
2021Average Annual Premium$1,870
2020Average Annual Premium$1,821
2019Average Annual Premium$1,829
2018Average Annual Premium$1,809
2017Average Annual Premium$1,739
2016Average Annual Premium$1,728
2015Average Annual Premium$1,688
2014Average Annual Premium$1,613
2013Average Annual Premium$1,587
2012Average Annual Premium$1,533
2011Average Annual Premium$1,423
2010Average Annual Premium$1,399
2009Average Annual Premium$1,349

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.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
TravelersAverage Annual Premium$1,531
GEICOAverage Annual Premium$1,722
State FarmAverage Annual Premium$1,769
NationwideAverage Annual Premium$1,796
AllstateAverage Annual Premium$2,200
FarmersAverage Annual Premium$2,323
ProgressiveAverage Annual Premium$2,386

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$7,566
17Average Annual Premium$6,186
18Average Annual Premium$5,455
19Average Annual Premium$3,790
20Average Annual Premium$3,435
21Average Annual Premium$2,643
22Average Annual Premium$2,444
23Average Annual Premium$2,272
24Average Annual Premium$2,157
25Average Annual Premium$1,937

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.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$5,778
TravelersAverage Annual Premium$6,364
NationwideAverage Annual Premium$7,524
GEICOAverage Annual Premium$8,042
AllstateAverage Annual Premium$9,514
FarmersAverage Annual Premium$11,298
ProgressiveAverage Annual Premium$13,523

How Does Location Affect the Cost of Dodge Challenger R/T Insurance?

Although your age, the make and the model year of your Dodge Challenger R/T have a significant impact on your car insurance rate, your location also plays a significant role. The average cost of auto insurance varies by state, with Florida charging the most expensive premiums and Idaho having the cheapest rates. It's crucial to know which companies offer the best rates so you can get quotes from them.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73

Frequently Asked Questions About Dodge Challenger R/T Insurance

We answered some frequently asked questions about affordability and service quality to help drivers compare auto insurance quotes for a Dodge Challenger R/T.

What company has the cheapest car insurance for a Dodge Challenger R/T?
What company offers the best car insurance for a Dodge Challenger R/T?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.