High deductibles mean you are willing to pay more out-of-pocket if you have a covered claim, so the premiums for physical damage coverage are lower.Ĭonversely, if you want to pay less if you have a claim (a low deductible) then you’ll pay higher policy premiums for that luxury. The deductibles you choose for physical damage coverage (comprehensive and collision) are another factor that affects prices. Younger drivers, especially on a higher-performance vehicle like the Charger, pay much higher insurance rates than more mature drivers. But there are other factors that can also dramatically affect the cost when insuring a Charger.ĭriver age is one of the biggest things that can drive up insurance prices. Vehicle trim level has a significant impact on car insurance rates, which we will discuss in detail in the next section. Insurance cost for the Charger SXT averages $2,168 per year, which is still $268 per year higher than the all-vehicle average rate. However, even if we just look at the SXT model, rates are still quite a bit higher than the all-vehicle average rate. Keep in mind that these rates are averaged for all 2023 Charger trim levels, so the SRT models will skew rates higher. Rates are higher for all policy coverages, especially for liability and medical coverages. The table below shows how the 2023 Charger compares to all other 2023 models for the average cost of each coverage included on a full-coverage car insurance policy.īased on the data from the table, insurance on a 2023 Dodge Charger averages 25.5% more than the average rate for 2023 model year vehicles of $1,900 per year. Monthly payments range from $181 to $227 depending on the trim level being insured.Ĭomprehensive insurance will cost around $530 a year, liability/medical (or PIP) coverage averages $824, and the remaining collision coverage will cost around $1,102. How much does Dodge Charger insurance cost?ĭodge Charger insurance costs an average of $2,456 per year for a full coverage policy, which is about $205 each month. insurance companies, USAA, Progressive, and GEICO had some of the best Charger insurance rates. When compared to all other vehicles from the 2023 model year, the 2023 Dodge Charger costs 25.5% more to insure than the 2023 model year rate of $1,900 per year.The most expensive trim is the SRT Hellcat Redeye Widebody Jailbreak at $2,720 per year. The Dodge Charger SXT is the cheapest to insure at around $2,168 per year.Average Dodge Charger insurance cost is $2,456 per year, or $205 per month for full coverage.
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