How to Save on Madison Dodge Viper Insurance

Inconceivable but true, most auto insurance customers kept their policy with the same company for a minimum of four years, and nearly 40% of drivers have never compared rates to find lower-cost insurance. Many drivers in Madison could pocket about $373 a year, but they just assume it takes a lot of time to compare rates.

If you want to find the absolute lowest rates, then the best way to get cheaper Dodge Viper insurance is to annually compare prices from insurers that insure vehicles in Madison. This can be done by completing these steps.

1. Gain an understanding of individual coverages and the things you can control to prevent expensive coverage. Many rating criteria that increase rates such as getting speeding tickets and a low credit score can be eliminated by making minor driving habit or lifestyle changes. Later in this article we will cover additional ideas to find cheap rates and get additional discounts that may be available.
2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agents can provide rate quotes from multiple companies. Select a company
3. Compare the price quotes to your existing coverage to see if you can save by switching companies. If you find a better price and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
4. Provide notification to your current agent or company to cancel your existing policy. Submit payment and a completed application for the new policy. Be sure to place your new proof of insurance paperwork with the vehicle registration.

A good piece of advice is that you use the same coverage limits and deductibles on every price quote and and to get price estimates from as many different insurance providers as possible. This helps ensure a fair price comparison and maximum price selection.

Lowering your Dodge Viper insurance rates is a fairly straight forward process. Drivers just need to spend a few minutes on the computer to compare rates provided by online insurance companies.

The companies shown below have been selected to offer free rate quotes in Wisconsin. In order to find the cheapest car insurance in Madison, WI, we recommend you visit several of them to find the lowest auto insurance rates.

Insurance in Wisconsin serves several purposes

Despite the potentially high cost of Dodge Viper insurance, buying insurance is required in Wisconsin but it also protects you in many ways.

• Just about all states have minimum liability requirements which means the state requires specific limits of liability insurance coverage in order to get the vehicle licensed. In Wisconsin 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.
• If you have a loan on your Dodge Viper, almost all lenders will have a requirement that you carry insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank or lender will purchase a policy for your Dodge at a more expensive rate and force you to pay the higher price.
• Insurance protects both your Dodge Viper and your personal assets. It will also cover medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.

The benefits of having insurance greatly outweigh the cost, particularly if you ever have a claim. The average driver in America is overpaying over $865 each year so compare quotes from several companies at every policy renewal to ensure rates are competitive.

Rates and detailed analysis

The coverage table below showcases a range of prices for Dodge Viper models. Being more informed about how car insurance prices are formulated helps drivers make smart choices when buying a car insurance policy.

Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rates do not factor in your specific Madison location which can revise coverage prices significantly.

Choosing deductibles

The hardest decision when buying coverage is how high should your deductibles be. The following tables highlight the differences in price when you select higher and lower deductibles. The first set of rates uses a $250 deductible and the second price table uses a $1,000 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific garaging location which can revise insurance rates noticeably.

Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $32 more each month or $384 annually than choosing the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 23 months between claims, you would probably be better off if you choose a higher deductible. Here’s a better example of how you can do this calculation yourself.

The example below demonstrates how choosing different deductibles and can influence Dodge Viper insurance rates for different age categories. The premiums are based on a single female driver, comp and collision included, and no additional discounts are factored in.

Impact of careless driving on Madison car insurance rates

The chart below demonstrates how traffic citations and at-fault fender-benders can impact Dodge Viper auto insurance costs for different age groups. The premium estimates are based on a single male driver, full coverage, $250 deductibles, and no other discounts are factored in.

Car insurance rates by age and gender

The diagram below shows the difference between Dodge Viper premium costs for male and female drivers. The data is based on a clean driving record, no at-fault accidents, full physical damage coverage, $1,000 deductibles, single status, and no discounts are factored in.

Cheaper Dodge Viper insurance in Madison

Some insurance providers don’t always publicize their entire list of discounts in an easy-to-find place, so the following is a list of a few of the more well known and also the lesser-known discounts you could be receiving when you buy Madison car insurance online.

• Clubs and Organizations – Having an affiliation with qualifying clubs or civic groups is a good way to get lower rates on auto insurance.
• Early Switch Discount – Select larger companies give a discount for buying a policy prior to your current Viper insurance policy expiring. It can save you around 10%.
• Multiple Vehicles – Buying a policy with all your vehicles with one company qualifies for this discount.
• Theft Prevention Discount – Cars, trucks, and SUVs that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
• Student Driver Training – It’s a good idea to have your young drivers complete a driver education course in high school.
• Buy New and Save – Buying a new car instead of a used Viper can save up to 30% compared to insuring an older model.
• Discount for Life Insurance – Larger insurance companies have better premium rates if you take out auto and life insurance together.

While discounts sound great, it’s important to understand that most discounts do not apply to all coverage premiums. Some only apply to the cost of specific coverages such as comp or med pay. If you do the math and it seems like you can get free auto insurance, it doesn’t quite work that way.

The chart below shows the comparison of Dodge Viper insurance costs with and without discounts being applied to the rates. The data is based on a male driver, a clean driving record, no at-fault accidents, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, homeowner, safe-driver, multi-car, and multi-policy discounts applied.

Car insurance companies that have most of the discounts above are:

• State Farm
• GEICO
• SAFECO
• Farmers Insurance
• AAA
• USAA

Before you buy a policy, ask every prospective company to apply every possible discount. All car insurance discounts might not be available to policyholders in every state.

Get rate quotes but buy from a local Madison insurance agency

Many people would prefer to talk to a local agent and that is OK! Professional agents can point out coverage gaps and help you file claims. The biggest benefit of price shopping on the web is that you can find cheap car insurance quotes but still work with a licensed agent. Putting coverage with small agencies is definitely important in Madison.

After completing this simple form, your insurance data is sent to local insurance agents in Madison that provide free Madison car insurance quotes for your business. It makes it easy because there is no need to leave your house since rate quotes are delivered to you instantly. If you need to get a price quote from a specific car insurance provider, just visit that company’s website and submit a quote form there.

When finding a reputable agency, you need to know there are two types of insurance agents and how they differ in how they quote coverages. Agents can be categorized as either independent agents or exclusive agents depending on their employer. Either can sell and service car insurance coverage, but it is a good idea to know how they are different since it may influence the type of agent you choose.

Independent Agencies or Brokers

Agents that choose to be independent are not locked into one company and that allows them to write policies with any number of different companies enabling the ability to shop coverage around. If premiums increase, your agent can just switch to a different company and you don’t have to switch agencies.

When comparing rates, you will definitely want to compare quotes from multiple independent agents in order to have the best price comparison. Many can place coverage with mutual insurance companies that can offer cheaper rates than bigger companies.

Below are Madison independent insurance agencies who may provide free car insurance rate quotes.

• Abacus-Bertz Financial
  6417 Odana Rd Suite 13 – Madison, WI 53719 – (608) 238-5800 – View Map
• Thomas Bradley Insurance
  1001 Fourier Dr Suite 100 – Madison, WI 53717 – (608) 845-7979 – View Map
• Prairie Land Insurance Agency
  2045 Atwood Ave #113A – Madison, WI 53704 – (608) 251-3009 – View Map

View more Madison agents

Exclusive Insurance Agencies

These type of agents are contracted to one company like Farmers Insurance and State Farm. They usually cannot shop your coverage around so it’s a take it or leave it situation. Exclusive agents are very knowledgeable on their company’s products and that enables them to sell even at higher rates. A lot of people choose to use an exclusive agent mainly due to the brand rather than having low rates.

The following are exclusive agents in Madison willing to provide price quotes.

• Farmers Insurance – David Gervasi
  7818 Big Sky Dr #119 – Madison, WI 53719 – (608) 827-6994 – View Map
• Dawn Goplin – State Farm Insurance Agent
  515 Junction Rd #2400 – Madison, WI 53717 – (608) 662-9900 – View Map
• American Family Insurance – Michael Kittoe
  334 Junction Rd – Madison, WI 53717 – (608) 827-9788 – View Map

View more Madison agents

Picking a insurance agent requires more thought than just a low price. Ask your prospective agent these questions:

• Do you need full coverage on every vehicle?
• Can they give you a list of client referrals?
• Are they primarily personal or commercial lines agents in Madison?
• Can they help ensure a fair claim settlement?
• Are they actively involved in the community?
• What is their Better Business Bureau rating?
• Which family members are covered?

Which car insurance company is best in Madison?

Buying coverage from the highest-rated car insurance company is hard considering how many companies are available to choose from in Madison. The company information in the next section can help you pick which companies you want to consider purchasing coverage from.

Cheaper car insurance is a realistic goal

Discount Dodge Viper insurance in Madison is available online in addition to local insurance agencies, so you need to shop Madison car insurance with both in order to have the best price selection to choose from. Some companies may not offer the ability to get a quote online and usually these regional insurance providers only sell through independent agencies.

As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. In too many instances, an insured dropped collision coverage and discovered at claim time that they should have had better coverage. The aim is to purchase a proper amount of coverage for the lowest cost, but don’t skip important coverages to save money.

We just showed you some good ideas how to save on Dodge Viper insurance in Madison. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding affordable Dodge Viper insurance quotes. You may even discover the lowest prices are with an unexpected company.

Even more information can be found in the articles below:

• Driving in Bad Weather (Insurance Information Institute)
• Who Has Cheap Car Insurance for State Employees in Madison? (FAQ)
• Who Has Affordable Madison Car Insurance for High Risk Drivers? (FAQ)
• Who Has Cheap Madison Auto Insurance for Drivers with Bad Credit? (FAQ)
• Crash Avoidance Technologies FAQ (iihs.org)
• Distracted Driving Extends Beyond Texting (State Farm)
• Electronic Stability Control FAQ (iihs.org)