Are you researching low-cost Dodge Viper insurance in Anchorage? Pricey Dodge Viper insurance in Anchorage can draw down your savings and possibly require you to analyze your spending habits. Doing a rate analysis is a fast and free way to lower your bills every month.
Anyone knows that auto insurance companies don’t want you comparing rates. Drivers who compare rates once a year are very likely to buy a different policy because there is a high probability of finding a more affordable policy premium. A survey found that drivers who made a habit of comparing rate quotes saved as much as $865 a year compared to people who never shopped around for lower prices.
If finding the cheapest price for insurance is your ultimate goal, knowing the best way to compare insurance premiums can save time and make the process easier.
How to find cheaper rates for Dodge Viper insurance in Anchorage
If saving the most money is your goal, then the best way to get budget auto insurance rates in Anchorage is to compare prices annually from providers that sell auto insurance in Alaska. You can shop around by following these steps.
First, try to comprehend what coverages are included in your policy and the factors you can control to keep rates down. Many rating factors that drive up the price such as accidents, careless driving, and a negative credit rating can be remedied by making minor changes in your lifestyle. Later in this article we will cover the details to get affordable coverage and find overlooked discounts.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from many different companies. Compare rates now
Third, compare the new rate quotes to your existing policy and determine if cheaper Viper coverage is available in Anchorage. If you find better rates, ensure there is no coverage lapse between policies.
Fourth, provide notification to your current agent or company to cancel your current coverage and submit a signed application and payment for the new coverage. As soon as you receive it, keep your new certificate of insurance in your vehicle.
The most important part of shopping around is to use similar coverage information on every quote request and and to get price estimates from as many companies as possible. This provides a level playing field and plenty of rates choose from.
Many car insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to discover the definitive best rates possible on Dodge Viper insurance in Anchorage.
Consumers need to compare prices at least once a year because prices are constantly changing. Despite the fact that you may have had the lowest price on Dodge Viper insurance in Anchorage six months ago you can probably find a lower rate today. Block out anything you think you know about car insurance because we’re going to show you the only way to find better rates and still maintain coverage.
If you have insurance now or are looking for a new policy, use these cost-cutting techniques to cut your premiums without having to cut coverage. Locating the most cost-effective car insurance policy in Anchorage is quite easy if you know the best way to do it. Vehicle owners just have to understand the quickest method to compare rate quotes on the web.
Affordable Dodge insurance price quotes in Anchorage
The companies shown below can provide free rate quotes in Anchorage, AK. To get the cheapest car insurance in Alaska, it’s a good idea that you click on several of them to find the lowest car insurance rates.
Rate information and statistics
The data table displayed below showcases estimates of insurance premium costs for Dodge Viper models. Understanding how insurance premiums are determined helps drivers make smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Viper SRT/10 2-Dr Coupe||$290||$726||$354||$20||$106||$1,496||$125|
|Viper SRT/10 2-Dr Roadster||$290||$726||$354||$20||$106||$1,496||$125|
|Get Your Own Custom Quote Go|
Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Rate information does not factor in zip code location which can affect premium rates greatly.
Should you buy full coverage?
The example below visualizes the comparison of Dodge Viper auto insurance costs with full coverage compared to only the Alaska minimum liability coverage. Data assumes no claims or driving citations, $100 deductibles, single marital status, and no other discounts are factored in.
When to drop comprehensive and collision coverage
There is no specific rule of when to exclude full coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s pretend your Dodge Viper settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying the physical damage deductible. If you are paying more than $200 a year for full coverage, then you may want to consider only buying liability coverage.
There are a few situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not buy liability only.
Determine discounts to get cheap Anchorage auto insurance rates
Some companies do not advertise all possible discounts in an easy-to-find place, so we researched some of the best known and also the lesser-known savings tricks you should be using when you buy Anchorage car insurance online. If you are not receiving all the discounts you qualify for, you’re paying more than you need to.
- Drivers Ed for Students – Require your teen driver to take driver’s ed class in high school.
- Drive Less and Save – Maintaining low annual mileage can earn discounted prices on garaged vehicles.
- ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes can reduce accidents so you can save 10 percent or more.
- Anchorage Homeowners Discount – Owning a home in Anchorage may trigger a policy discount on auto insurance due to the fact that maintaining a home requires a higher level of personal finance.
- Lower Rates for Military – Having a family member in the military could mean lower auto insurance rates.
- College Student – Youth drivers who are enrolled in higher education away from home and do not have access to a covered vehicle may be insured at a cheaper rate.
Discounts save money, but please remember that most discount credits are not given to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, that’s just not realistic. Any qualifying discounts should help reduce the premium cost.
The information below illustrates the comparison of Dodge Viper insurance premiums with and without discounts being applied to the rates. The data is based on a female driver, no accidents, no driving violations, Alaska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-policy, safe-driver, claim-free, and multi-car discounts applied.
A list of auto insurance companies and a partial list of their discounts can be found below.
- GEICO may include discounts for five-year accident-free, defensive driver, emergency military deployment, anti-lock brakes, seat belt use, and membership and employees.
- MetLife has savings for accident-free, good student, claim-free, defensive driver, good driver, multi-policy
- Progressive policyholders can earn discounts including homeowner, good student, multi-vehicle, online quote discount, online signing, and multi-policy.
- Travelers offers premium reductions for new car, multi-policy, save driver, hybrid/electric vehicle, and home ownership.
- SAFECO offers discounts including teen safety rewards, anti-lock brakes, teen safe driver, anti-theft, safe driver, bundle discounts, and drive less.
- AAA offers discounts for multi-car, anti-theft, education and occupation, pay-in-full, and good driver.
When comparing rates, check with each company or agent the best way to save money. Some of the discounts discussed earlier might not be offered on policies in every state. If you would like to see a list of auto insurance companies with discount auto insurance rates in Alaska, follow this link.
Get Lower-cost Auto Insurance with These Tips
One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that are used to determine your premiums. When you understand what determines premiums, this empowers consumers to make smart changes that may result in big savings. Many factors are used in the calculation when premium rates are determined. Most are fairly basic like your driving record, but others are not quite as obvious like where you live or how safe your car is.
The factors shown below are some of the most common factors auto insurance companies consider when setting your rate level.
The type of vehicle makes a difference – The performance level of the car you own makes a substantial difference in your rates. Lower cost passenger cars usually have the lowest rates, but the final cost of insurance is determined by many other factors.
The data below uses these assumptions: married male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The data compares Dodge Viper car insurance rates compared to other models of vehicles that have different performance risks.
Gender impacts rates – Statistics demonstrate that females tend to be a little less risky than males. It does not mean women are BETTER drivers than men. Both sexes cause fender benders at about the same rate, but the males have accidents that have higher claims. Men also statistically get higher numbers of serious violations such as DWI and reckless driving. Youthful male drivers tend to get in the most accidents and therefore are the most expensive to insure.
The information below compares Dodge Viper yearly insurance costs for male and female drivers. The data is based on no accidents or driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.
- Better premiums for no policy lapses – Driving without insurance coverage in place can get your license suspended and you will pay a penalty because you let your insurance lapse for non-payment. In addition to paying higher rates, failure to provide proof of insurance may result in fines and jail time. You may then have to provide proof of insurance in the form of an SR-22 filing with the Alaska DMV.
Careless driving leads to higher rates – Attentive drivers pay less for auto insurance as compared to those with violations. Only having one ticket can boost insurance rates forty percent or more. Drivers with severe violations like hit and run, DWI or reckless driving convictions may find that they have to to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
The chart below shows how speeding tickets and accidents can raise Dodge Viper car insurance costs for different categories of driver ages. The costs are based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
- A good credit score can save money – An insured’s credit rating is a large factor in your rate calculation. Drivers who have excellent credit scores tend to be more responsible than drivers with lower ratings. If your credit is lower than you’d like, you could be paying less to insure your Dodge Viper by repairing your credit.
- Lower rates for cars with good safety ratings – Vehicles with high crash test scores tend to be cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and lower rates of occupant injuries means less money paid by your insurance company passed on to you as lower rates. If your Dodge is rated at a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
- Raising coverage deductibles lowers prices – Physical damage coverage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Dodge. A few examples of covered claims are a windshield shattered by a rock, damage caused by hail, and damage from a fallen tree branch. Comprehensive and collision coverage deductibles state the amount of money the insured will be required to pay before your auto insurance pays a claim. The higher the amount the insured has to pay upfront, the better rate you will receive.
- Don’t abuse policy claims – Auto insurance companies in Alaska provide cheaper rates to people who do not rely on their insurance for small claims. If you file a lot of claims you can expect either policy cancellation or increased premiums. Your car insurance is designed for claims that you cannot pay yourself.
Insurance losses for a Dodge Viper – Auto insurance companies analyze historical claim data to help determine the rate you pay. Models that are shown to have a trend towards higher claims will cost more to insure. The table shown below demonstrates the insurance loss data used by companies for Dodge Viper vehicles.
For each policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is equal to 100. Numbers shown that are under 100 imply a favorable loss record, while percentage values above 100 indicate higher probability of having a loss or statistically larger losses.
Auto Insurance Loss Data for Dodge Viper Models Specific Dodge Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Dodge Viper 2dr 147BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Can’t I get rate quotes from local Anchorage car insurance agents?
Some consumers would rather visit with an insurance agent and doing so can bring peace of mind Professional agents are trained to spot inefficiencies and help you file claims. One of the great benefits of getting online price quotes is you may find cheap insurance quotes and still choose a local agent.
To find an agent, once you fill out this quick form, the quote information is emailed to local insurance agents that give free quotes for your business. It makes it easy because there is no need to leave your computer since price quotes are sent to your email. In the event you want to quote rates from a specific insurance provider, feel free to go to their quote page and submit a quote form there.
Choosing an company needs to be determined by more than just a low price. The questions below may impact your decision as well.
- How much training do they have in personal risk management?
- Can they provide you with a list of referrals?
- How are claims handled?
- Do they see any coverage gaps in your plan?
- How is replacement cost determined on your vehicle?
- Did they already check your driving record and credit reports?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- Which companies do they recommend if they are an independent agency?
Exclusive and independent Anchorage auto insurance agents
If you want to use a local Anchorage insurance agency, you must know there are a couple types of insurance agents that you can choose from. Anchorage agents can be described as either exclusive or independent. Either can sell affordable insurance policies, but it is important to understand the subtle differences because it can factor into the kind of agent you use.
Exclusive Insurance Agencies
Agents that choose to be exclusive can only quote rates from one company and examples are State Farm, Allstate, and Farm Bureau. They are unable to give you multiple price quotes so you might not find the best rates. They are well schooled on sales techniques which helps them sell insurance even at higher premiums.
The following are Anchorage exclusive agents that are able to give comparison quotes.
Independent Agents (or Brokers)
Independent agencies do not write with just one company and that allows them to write policies with many different companies and potentially find a lower price. If they find a lower price, your agent can just switch to a different company which requires no work on your part.
If you are trying to find cheaper rates, you absolutely need to get insurance quotes from at a minimum one independent agency to get the most accurate price comparison.
The following are Anchorage independent agents willing to provide price quote information.
Smart shoppers get results
As you restructure your insurance plan, never buy less coverage just to save a little money. In too many instances, an accident victim reduced full coverage only to discover later that it was a big error on their part. The goal is to get the best coverage possible at an affordable rate and still be able to protect your assets.
Cheap Dodge Viper insurance in Anchorage can be found from both online companies and from local insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies may not have online quoting and many times these regional carriers only sell through independent insurance agents.
Steps to finding low-cost rates for Dodge Viper insurance in Anchorage
If you want to save the most money, the best way to find discount Dodge Viper insurance in Anchorage is to compare prices at least once a year from insurance carriers who provide auto insurance in Alaska. Rate comparisons can be done by following these steps.
- Step 1: Read about car insurance and the things you can control to keep rates low. Many policy risk factors that cause rate increases such as traffic violations, accidents, and a low credit rating can be improved by improving your driving habits or financial responsibility.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from one company like GEICO or Allstate, while independent agencies can provide rate quotes from multiple sources.
- Step 3: Compare the quotes to your current policy to determine if you can save on Viper insurance in Anchorage. If you find a lower rate, make sure coverage is continuous and does not lapse.
- Step 4: Provide adequate notice to your current company of your intention to cancel your current car insurance policy. Submit a down payment and signed policy application to the newly selected company. Immediately upon receiving it, put the certificate verifying proof of insurance in an easily accessible location.
A good tip to remember is to use identical coverage information on each price quote and and to get prices from as many car insurance companies as possible. Doing this guarantees a level playing field and the best price selection.
More tips and info about insurance is located in these articles:
- Car Insurance: When not to Skimp (BankRate.com)
- Who Has the Cheapest Car Insurance Quotes for a Jeep Wrangler in Anchorage? (FAQ)
- Who Has Affordable Car Insurance Rates for Drivers Over Age 60 in Anchorage? (FAQ)
- Who Has Cheap Auto Insurance for a Dodge Grand Caravan in Anchorage? (FAQ)
- Who Has Affordable Anchorage Auto Insurance Rates for Good Students? (FAQ)
- Who Has the Cheapest Anchorage Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- Who Has Cheap Anchorage Auto Insurance for a GMC Sierra? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Vehicle Safety Ratings (iihs.org)