Best Rates for Dodge Viper Insurance in Albuquerque

Are you tired of sacrificing other expenses to pay your auto insurance bill each month? You are no different than many other New Mexico drivers.

It’s a fact that car insurance companies want to keep you from comparing prices. Insureds who get comparison quotes once a year are inclined to move their business because the odds are good of finding a more affordable policy. A recent auto insurance study revealed that drivers who shopped around every year saved as much as $850 each year compared to drivers who never shopped for cheaper rates.

If finding low prices for insurance is the reason for your visit, then having a good understanding how to quote prices and compare coverage rates can make it easier to find better rates.

How to find the cheapest rates for Dodge Viper insurance in Albuquerque

Really, the only way to get the cheapest Dodge Viper insurance in Albuquerque is to start doing an annual price comparison from providers who sell auto insurance in New Mexico.

First, get a basic knowledge of how companies price auto insurance and the measures you can control to prevent expensive coverage. Many policy risk factors that result in higher rates such as tickets, at-fault accidents, and an imperfect credit rating can be amended by being financially responsible and driving safely.

Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of insurance providers.

Third, compare the new rates to your existing coverage to see if a cheaper rate is available in Albuquerque. If you find a better price and switch companies, make sure coverage does not lapse between policies.

Fourth, give notification to your agent or company of your intent to cancel your existing policy. Submit a down payment along with a completed application to the new company. As soon as you can, put the new certificate of insurance somewhere easily accessible.

A good tip to remember is that you’ll want to compare similar limits and deductibles on every price quote and and to look at as many different insurance providers as possible. Doing this enables an apples-to-apples comparison and the best price quote selection.

Due to the increasing number of options for buying lower-cost insurance for a Dodge Viper in Albuquerque, it is hard for the average consumer to pick the right insurance company.

It’s a good idea to quote other rates occasionally because rates fluctuate regularly. Just because you found the lowest premium rates on Dodge Viper insurance in Albuquerque a year ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because it’s time to teach you how to use the internet to lower your annual insurance bill.

The companies in the list below are our best choices to provide comparison quotes in New Mexico. If you wish to find cheap car insurance in New Mexico, we suggest you visit as many as you can in order to get a fair rate comparison.

Dodge Viper coverage analysis

The data table below outlines detailed analysis of insurance policy prices for Dodge Viper models. Knowing how rate quotes are established is important for you to make decisions when choosing a new policy provider.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Premium costs do not factor in specific location information which can modify auto insurance rates considerably.

Should you raise deductibles?

One of the more difficult decisions when buying auto insurance is at what level do you set your deductibles. The following tables can help show the differences in premium rates between high and low policy deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in your specific Albuquerque location which can impact rates significantly.

Based on the figures above, using a $250 deductible will cost in the ballpark of $24 more each month or $288 each year than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally go at a minimum 10 months between claim filings, you would come out ahead going with the higher deductible. Here’s a better example of how we made this calculation.

One important caveat is that raising deductibles to get cheaper rates means you will have to pay more of your own money if you have a claim. That will force you to have enough money in the bank in the event you need to pay the deductible to have repairs made.

Affordable Dodge Viper insurance in Albuquerque

Car insurance companies don’t always publicize every discount very clearly, so below is a list both well-publicized and the more hidden discounts that you may qualify for. If you do not double check each discount you qualify for, you could be paying more than you need to.

• No Claims – Claim-free drivers get the best insurance rates as compared to drivers with a long claim history.
• Senior Citizens – If you’re over the age of 55, you may qualify for reduced rates.
• Employee of Federal Government – Federal government employees could qualify for a slight premium decrease with a few insurance companies.
• Own a Home and Save – Owning a house in Albuquerque can save you money because of the fact that having a home demonstrates responsibility.
• Discount for Multiple Policies – When you combine your auto and homeowners insurance with one insurance company you may earn up to 20% and get you cheap Viper insurance.
• Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle their seat belts could cut 10% or more off PIP or medical payments premium.
• College Student Discount – Any of your kids who live away from home at college without a vehicle on campus can receive lower rates.
• Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems may get savings of 25 to 30%.
• Active Service Discounts – Being on active deployment in the military can result in better rates.

One last thing about discounts, most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like all the discounts add up to a free policy, it just doesn’t work that way.

The example below compares Dodge Viper premium costs with and without discounts. The prices are based on a male driver, no accidents, no driving violations, New Mexico 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 multi-policy, claim-free, multi-car, marriage, safe-driver, and homeowner discounts applied.

Larger insurance companies and their offered discounts can be found below.

• Farm Bureau offers premium reductions for multi-policy, good student, youthful driver, 55 and retired, safe driver, renewal discount, and multi-vehicle.
• MetLife may include discounts for multi-policy, accident-free, good driver, good student, claim-free, and defensive driver.
• Progressive has discounts for homeowner, continuous coverage, multi-policy, online quote discount, online signing, and good student.
• AAA may offer discounts for AAA membership discount, pay-in-full, good driver, good student, multi-policy, anti-theft, and multi-car.
• American Family offers discounts for good student, multi-vehicle, bundled insurance, good driver, defensive driver, mySafetyValet, and early bird.
• GEICO may have discounts that include emergency military deployment, multi-policy, defensive driver, driver training, five-year accident-free, anti-lock brakes, and anti-theft.
• State Farm policyholders can earn discounts including Drive Safe & Save, anti-theft, good student, defensive driving training, multiple autos, and accident-free.

When comparing rates, check with all the companies how you can save money. Savings may not apply in Albuquerque. To choose providers that have a full spectrum of discounts in Albuquerque, follow this link.

Three reasons to insure your Dodge vehicle

Even though it’s not necessarily cheap to insure a Dodge in Albuquerque, buying auto insurance serves an important purpose.

First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection if you don’t want to risk a ticket. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you bought your vehicle with a loan, most lenders will require that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Dodge at a much higher rate and force you to pay a much higher amount than you were paying before.

Third, auto insurance protects not only your Dodge but also your financial assets. Insurance will pay for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.

The benefits of insuring your Viper more than cancel out the cost, particularly if you ever have a claim. Today the average American driver is wasting up to $830 a year so we recommend shopping around every year to make sure the price is not too high.

You may want advice from a local insurance agent

Many people just want to buy from a local agent and that is just fine! Insurance agents can make sure you are properly covered and help submit paperwork. A good thing about getting online price quotes is you can get cheap auto insurance rates and still have an agent to talk to. Buying from local insurance agents is still important in Albuquerque.

For easy comparison, once you complete this form (opens in new window), your information is emailed to agents in your area that give free quotes for your coverage. There is no need to even leave your home since rate quotes are delivered immediately to your email address. If you have a need to get a price quote from a particular provider, just visit that company’s website and fill out their quote form.

Picking an company shouldn’t rely on just a cheap quote. Here are some questions you might want to ask.

• Will the company cover a rental car if your car is getting fixed?
• Can they give you a list of client referrals?
• Is the coverage adequate for your vehicle?
• What is the financial rating for the quoted company?
• Are aftermarket or OEM parts used to repair vehicles?
• Are they giving you every discount you deserve?
• How long has their agency been open in Albuquerque?