No one in their right mind anticipates paying for insurance, especially when they could find better prices if they shop around.
Unbelievably, the vast majority of insurance customers have stayed with the same insurance company for at least the last four years, and virtually 40% of consumers have never compared rates with other companies. With the average insurance premium being $1,389, Indiana drivers could save about $697 every year, but they just assume it's a time-consuming process to compare other rate quotes.
Big-name insurance companies like State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with ad campaigns and it can be hard to ignore the flashy ads and do the work needed to find the best deal.
How to buy Dodge Viper insurance in Indianapolis, IN
When comparison shopping, comparing a wide range of rates increases your odds of finding lower pricing.
The companies shown below are our best choices to provide quotes in Indiana. If multiple providers are shown, we suggest you click on several of them to find the cheapest auto insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Viper SRT/10 2-Dr Coupe||$264||$636||$380||$22||$114||$1,416||$118|
|Viper SRT/10 2-Dr Roadster||$368||$962||$318||$18||$94||$1,760||$147|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in specific zip code location which can revise prices greatly.
Comparison of full coverage and liability-only policies
The information below illustrates the comparison of Dodge Viper insurance costs with and without physical damage coverage. The premiums are based on no violations or claims, $100 deductibles, married male driver, and no discounts are taken into consideration.
Should you buy full coverage or liability only?
There is no exact rule of when to exclude comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
For example, let's pretend your Dodge Viper replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying your policy deductible. If it's costing in excess of $300 a year for full coverage, then you might consider buying liability only.
There are some cases where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.
Higher deductibles save money
The information below highlights how deductible choice and can impact Dodge Viper insurance costs for each different age category. The costs are based on a single female driver, full physical damage coverage, and no discounts are applied.
These discounts can slash Dodge Viper insurance rates
Insuring your fleet can be pricey, but you may find discounts to help offset the cost. Certain discounts will be triggered automatically at the time of purchase, but some must be manually applied before being credited.
- Federal Government Employee - Active or retired federal employment could provide a small rate reduction with certain companies.
- Multiple Policy Discount - When you combine your home and auto insurance with the same company you may save up to 20% off your total Viper insurance premium.
- Low Mileage Discounts - Maintaining low annual mileage could be rewarded with slightly better rates than normal.
- Telematics Devices - Policyholders that allow driving data collection to track when and where they use their vehicle by using a telematics device like In-Drive from State Farm and Progressive's Snapshot could see a rate decrease if they are good drivers.
- Senior Discount - Mature drivers may receive a slight reduction on a Indianapolis auto insurance quote.
- Accident-Free Discounts - Indianapolis drivers who stay claim-free get the best auto insurance rates in comparison with drivers with a long claim history.
- Air Bags and Passive Restraints - Factory air bags or automatic seat belts could see savings of 20 to 30 percent.
- Responsible Driver Discount - Drivers who don't get into accidents can save up to 40% or more on their Indianapolis auto insurance quote than drivers with accidents.
- Save with More Vehicles Insured - Buying a policy with multiple cars with the same company could earn a price break for each car.
Don't be surprised that most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like collision or personal injury protection. Even though it appears all the discounts add up to a free policy, it doesn't quite work that way.
A few companies that may offer policyholders some of the above discounts include:
If you need lower rates, check with every prospective company how many discounts you can get. Some discounts may not be offered in your area. To view auto insurance companies with the best Dodge Viper insurance discounts in Indiana, click here to view.
Lower Insurance Rates with These Tips
Smart consumers have a good feel for a few of the rating criteria that are used to determine car insurance rates. If you know what impacts premium levels, this allows you to make good choices that could result in lower premium levels.
The items below are some of the items used by your company to calculate your prices.
Protect yourself with liability - Your car insurance policy's liability coverage is the coverage that protects you if you are found liable for personal injury or accident damage. This coverage provides legal defense coverage starting from day one. It is affordable coverage as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
Cars with good safety ratings save money - Vehicles with high crash test scores tend to have lower insurance rates. Vehicles engineered for safety reduce the chance of injuries and reduced instances of injuries translates directly to fewer claims and cheaper rates on your policy. If the Dodge Viper 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 may be receiving lower rates.
Higher coverage deductibles are cheaper - Comp and collision deductibles define the amount you are willing to pay if the claim is covered. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Examples of some claims that would be covered are a windshield broken by a bird, hail damage, or theft of your vehicle. The more you choose to pay out-of-pocket, the lower your rates will be.
Save money with alarm systems - Owning a car that has an advanced theft prevention system can earn a premium discount. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
Save money by having multiple policies - The majority of insurance companies will give discounts to buyers that have more than one policy such as combining an auto and homeowners policy. The discount can add up to ten percent or more. Even if you qualify for this discount already, it's still a good idea to compare other Indianapolis Viper insurance rates to confirm you are receiving the best rates possible.
Insurance losses for a Dodge Viper - Insurance companies include the past claim history for a vehicle to calculate a rate that will offset losses. Models that statistically have a higher amount or frequency of claims will have a higher premium rate.
The table shown below demonstrates the historical insurance loss data for Dodge Viper vehicles. For each coverage category, the claim amount for all vehicles, regardless of make, model or trim level, is represented as 100. Numbers shown that are under 100 imply a favorable loss record, while values that are 100 or greater point to more claims or an increased chance of a larger loss.
Dodge Viper Insurance Loss Statistics
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Dodge Viper 2dr||147|
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Auto insurance quotes from local neighborhood Indianapolis car insurance agents
Some people still prefer to sit down and talk to an agent and we recommend doing that One of the best bonuses of comparing rate quotes online is that drivers can save money and get lower premium rates and still have an agent to talk to. And supporting local agencies is especially important in Indianapolis.
Upon completion of this quick form, your information is emailed to agents in your area that can provide free Indianapolis auto insurance quotes for your business. It's much easier because you don't need to drive around as quotes are delivered directly to you. You can find the lowest rates and a licensed agent to talk to. If you have a need to quote rates from a specific insurance company, don't hesitate to search and find their rate quote page and complete a quote there.
The difference between Indianapolis car insurance agents
When looking for a local insurance agency, there are two different types of agencies and how they work. Agents are considered either independent agents or exclusive agents depending on their employer.
Independent Auto Insurance Agents (or Brokers)
Independent insurance agents do not write with just one company so they have the ability to put coverage amongst many companies and find you cheaper rates. If they find a lower price, your policy is moved internally which makes it simple for you. When comparing auto insurance prices, you should always include multiple independent agents to have the most options to choose from.
Shown below is a short list of independent insurance agencies in Indianapolis that can give you cheap rate quotes.
Exclusive Auto Insurance Agencies
Agents that elect to be exclusive work for only one company like Farmers Insurance or State Farm. Exclusive agents cannot provide prices from multiple companies so keep that in mind. Exclusive agencies receive a lot of sales training on the products they sell and that allows them to sell at a higher price point.
Below is a list of exclusive insurance agents in Indianapolis that are able to give price quotes.
Deciding on an insurance agency needs to be determined by more than just the quoted price. Some important questions to ask are:
- Will they take your side in the event of a claim?
- How long has their agency been open in Indianapolis?
- How much can you save by raising your physical damage deductibles?
- Are there any discounts that you might be missing?
- How are they compensated?
- What insurance companies do they work with in Indianapolis?
- Does the agent help file claims?
Do drivers who switch really save $485 a year?
Popular insurance providers such as State Farm and Allstate regularly use television and radio advertisements. They all seem to state the claim that drivers will save a bundle if you move your coverage to them. That's great but how can every company lower your rates? This is the way they can do it.
Insurance providers have specific guidelines for the type of customer that will be a good risk. An example of a desirable insured may be a married female, has a clear driving record, and the vehicle is rated for pleasure use. A customer getting a price quote that matches those criteria will qualify for the lowest premium rates in Indianapolis and as a result will probably cut their Dodge Viper insurance rates if they switch.
Potential customers who do not match the ideal profile may receive higher rates and this can result in the customer not purchasing. If you listen closely, the ads state "customers that switch" not "everyone that quotes" will save that much if they switch. That is how companies can truthfully make those statements.
This really illustrates why you should quote coverage with many companies. You cannot predict with any certainty which company will fit your personal profile best.
Don't give up on cheap rates
Throughout this article, we presented a lot of ways to compare Dodge Viper insurance premium rates in Indianapolis. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may even discover the best price on insurance is with a lesser-known regional company. These companies can often provide lower prices in certain areas compared to the large companies like Allstate and Progressive.
Some insurance providers may not provide internet price quotes and many times these small, regional companies only sell coverage through independent insurance agents. Cheaper insurance in Indianapolis can be purchased online and also from your neighborhood Indianapolis agents, so you need to compare both to get a complete price analysis.
As you restructure your insurance plan, never reduce needed coverages to save money. There are a lot of situations where an insured cut collision coverage only to regret at claim time they didn't purchase enough coverage. Your strategy should be to find the BEST coverage at a price you can afford, not the least amount of coverage.
For more information, link through to the following helpful articles:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- What Auto Insurance is Cheapest in Terre Haute, Indiana? (FAQ)
- Who Has Affordable Auto Insurance for a Mazda CX-7 in Indiana? (FAQ)
- What Car Insurance is Cheapest for Safe Drivers in Indiana? (FAQ)
- What Auto Insurance is Cheapest for Welfare Recipients in Indiana? (FAQ)
- Who Has Affordable Auto Insurance Rates for Uber Drivers in Indiana? (FAQ)
- What is the Cheapest Car Insurance in Lafayette, Indiana? (FAQ)
- Who Has the Cheapest Indiana Auto Insurance for a Nissan Altima? (FAQ)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Crash Avoidance Technologies FAQ (iihs.org)