If saving money is your primary concern, then the best way to find better pricing on Dodge Magnum insurance in Anchorage is to make a habit of comparing prices annually from companies who sell insurance in Alaska.
Step 1: Spend some time learning about what coverages are included in your policy and the steps you can take to keep rates down. Many risk factors that drive up the price like at-fault accidents, careless driving, and a substandard credit score can be amended by making minor changes to your lifestyle.
Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can give you price quotes from multiple sources. Start a quote
Step 3: Compare the quotes to the premium of your current policy to see if a cheaper price is available. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
Step 4: Notify your current company of your decision to cancel your current car insurance policy. Submit any necessary down payment along with the completed application to your new carrier. As soon as you receive it, put the new proof of insurance paperwork in your glove compartment.
One tip to remember is to try to compare the same amount of coverage on every price quote and to quote with as many different insurance providers as possible. Doing this provides the most accurate price comparison and a good representation of prices.
It’s well known that auto insurance companies don’t want you to look at other companies. Drivers who compare other prices will, in all likelihood, switch to a new company because they have a good chance of finding a cheaper policy. Remarkably, a study showed that consumers who routinely compared quotes saved about $850 each year compared to drivers who never compared rates.
If finding the most affordable insurance in Anchorage is the reason you’re here, knowing the best way to shop and compare coverages can save money and time.
The majority of larger companies like State Farm, Allstate and GEICO allow consumers to get coverage prices on their websites. Getting online quotes for Dodge Magnum insurance in Anchorage is easy for anyone as all you need to do is type in your coverage information as requested by the quote form. After the form is submitted, the company’s rating system obtains your driving and credit reports and returns pricing information based on many factors.
The ability to get online rate quotes for Dodge Magnum insurance in Anchorage helps simplify price comparisons, and it’s necessary to compare as many rates as possible if you want to get lower-cost auto insurance pricing.
To use this form to compare rates, check out the auto insurance providers below. To compare your current rates, we recommend you copy your coverages as shown on your current policy. This makes sure you will have a rate comparison for similar coverage.
The companies in the list below can provide price comparisons in Alaska. To find the cheapest car insurance in Anchorage, it’s highly recommended you visit as many as you can in order to get a fair rate comparison.
Why you need quality insurance for your Dodge Magnum
Despite the high insurance cost for a Dodge Magnum in Anchorage, buying insurance is required for several reasons.
- Almost all states have compulsory liability insurance requirements which means the state requires specific limits of liability in order to drive the car. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a lien on your vehicle, almost every bank will make it a condition of the loan that you buy insurance to protect their interest in the vehicle. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Dodge at a more expensive rate and require you to reimburse them the higher premium.
- Insurance preserves both your car and your personal assets. Insurance will also pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney in the event you are sued. If you have damage to your Dodge as the result of the weather or an accident, comprehensive and/or collision insurance will pay to repair the damage.
The benefits of buying enough insurance outweigh the cost, especially with large liability claims. The average driver in America overpays more than $820 a year so you should quote rates once a year at a minimum to ensure rates are competitive.
What Affects Dodge Magnum Insurance Rates?
Many things are part of the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving history, but other factors are not quite as obvious such as your marital status and annual miles driven.
The items below are some of the items utilized by car insurance companies to help set your rates.
- Does insurance coverage cost less for females? – Over the last 30 years, statistics show that women are safer drivers than men. However, this does not mean women are better drivers. Both genders tend to get into fender benders at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Men also statistically have more aggressive citations like DWI (DUI) or reckless driving.
- High credit history translates to low costs – Having a good credit rating will be a significant factor in determining what you pay. So if your credit is lower than you’d like, you may save money insuring your Dodge Magnum by repairing your credit. Consumers who have excellent credit tend to be more responsible than those with lower credit ratings.
- Save money with higher physical damage deductibles – Protection for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your Dodge. Examples of covered claims could be colliding with a building, flood damage, and damage from a fallen tree branch. Physical damage deductibles state the amount of money you are required to pay in the event of a claim. The more money you have to pay, the lower your rates will be.
- Costs are affected by your address – Residing in a rural area can save you money when it comes to auto insurance. People in densely populated areas have more auto accidents and longer commute times. Fewer drivers and short commutes means a lower chance of having an accident.
- Protect yourself with liability protection – The liability section of your policy will afford coverage if you are responsible for personal injury or accident damage. This coverage provides for a legal defense starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
- Fast cars cost more to insure – The performance level of the car you drive makes a big difference in determining your rates. Smaller low performance passenger cars normally have pretty low rates, but the final cost of insurance is determined by many other factors.
- Keep policy claims to a minimum – If you tend to file frequent claims, you can definitely plan on higher premiums or even policy non-renewal. Auto insurance companies in Alaska generally give lower rates to insureds who are claim-free. Insurance coverage is intended for larger claims.
- Rates increase with policy add-ons – Insurance policies have a lot of additional extra coverages that may not really be needed but may not be useful. Add-on coverages like vanishing deductibles, death and dismemberment, and membership fees are some examples. They may seem like a good idea at first, but your needs may have changed so remove them from your policy.
Insurance agents can help
When choosing coverage, there really is no “best” method to buy coverage. Every insured’s situation is different.
Here are some questions about coverages that might help in determining whether or not you might need professional guidance.
- Are my tools covered if they get stolen from my vehicle?
- Am I insured when driving a different vehicle?
- Do I need replacement cost coverage?
- Should I pay a claim out-of-pocket?
- If my Dodge Magnum is totaled, can I afford another vehicle?
- Are rock-chip repairs free?
- Am I covered if I hit my neighbor’s mailbox?
- How much can I save by bundling my policies?
If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form.
Which auto insurance company is best in Anchorage?
Insuring your vehicle with a high-quality insurer can be rather challenging considering how many choices drivers have in Alaska. The ranking information in the lists below can help you analyze which providers you want to consider when comparing rate quotes.
Top 10 Anchorage Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- The General
- Farmers Insurance
Top 10 Anchorage Car Insurance Companies Ranked by Value
- American Family
- The Hartford
- The General
- State Farm
- AAA Insurance
- 21st Century
Cover all your bases
As you go through the steps to switch your coverage, it’s very important that you do not buy less coverage just to save a little money. Too many times, someone dropped liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.
Some car insurance companies do not provide the ability to get a quote online and these regional insurance providers work with independent agents. Discount Dodge Magnum insurance is available both online as well as from independent agents in Anchorage, and you need to comparison shop both in order to have the best price selection to choose from.
Insureds change insurance companies for a number of reasons such as delays in responding to claim requests, poor customer service, being labeled a high risk driver or high rates after DUI convictions. No matter why you want to switch, choosing a new insurance company is less work than it seems.
More information is located below:
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Who Has Cheap Anchorage Auto Insurance for Teenage Females? (FAQ)
- Who Has Affordable Anchorage Car Insurance Quotes for High School Students? (FAQ)
- How Much are Car Insurance Rates for Single Moms in Anchorage? (FAQ)
- How Much is Anchorage Car Insurance for Drivers Over Age 50? (FAQ)
- What Car Insurance is Cheapest for Unemployed Drivers in Anchorage? (FAQ)
- What Car Insurance is Cheapest for Felons in Anchorage? (FAQ)
- Comprehensive Coverage (Liberty Mutual)
- Things to Know Before you Cancel Insurance (Allstate)
- Distracted Driving Extends Beyond Texting (State Farm)
- Credit Impacts Car Insurance Rates (State Farm)