Would you like to save money by finding cheaper Chrysler 300 insurance in Bakersfield? Did you come to the realization that you have overpriced Chrysler 300 insurance in Bakersfield? It’s quite common and many Bakersfield drivers have buyer’s remorse.
A recent study showed that about 70% of customers renewed their policy with the same company for more than four years, and approximately 40% of consumers have never shopped around. The average driver in California can save hundreds of dollars each year by just comparing rate quotes, but they assume it’s a waste of time to save money by comparing rate quotes.
How to save money on Chrysler 300 insurance in Bakersfield
If you want to save the most money, the best way to find better pricing on auto insurance rates in Bakersfield is to start comparing rates regularly from providers who provide car insurance in California.
- Try to comprehend how companies price auto insurance and the measures you can control to keep rates in check. Many things that drive up the price such as your driving record and a bad credit rating can be remedied by making minor changes to your lifestyle. Continue reading for more ideas to find cheap rates and find discounts that may have been missed.
- Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from one company like GEICO or State Farm, while independent agencies can quote rates from many different companies.
- Compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate. If you find better rates and change companies, verify that coverage does not lapse between policies.
- Provide notification to your current agent or company of your decision to cancel your current policy and submit payment and a completed application to your new company or agent. Once the paperwork is finalized, put the new certificate verifying proof of insurance somewhere easily accessible.
The critical component of shopping around is that you’ll want to compare identical coverages on each quote and and to get price quotes from as many car insurance companies as possible. This ensures an accurate price comparison and a complete selection of prices.
Big-name insurance companies like State Farm, Allstate, GEICO and Progressive constantly bombard you with catchy ads and it is difficult to see past the geckos and flying pigs and effectively compare rates to find the best deal.
Insurance coverage analysis
The data table displayed next covers detailed analysis of policy rates for Chrysler 300 models. Learning more about how insurance policy premiums are determined can assist in making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $270 | $536 | $500 | $30 | $150 | $1,486 | $124 |
| 300 Touring Plus 4-Dr Sedan | $270 | $536 | $500 | $30 | $150 | $1,486 | $124 |
| 300 Touring AWD 4-Dr | $270 | $536 | $500 | $30 | $150 | $1,486 | $124 |
| 300 S V6 4-Dr Sedan | $270 | $536 | $500 | $30 | $150 | $1,486 | $124 |
| 300 Touring Signature 4-Dr Sedan | $270 | $536 | $500 | $30 | $150 | $1,486 | $124 |
| 300 Touring Executive 4-Dr Sedan | $270 | $536 | $500 | $30 | $150 | $1,486 | $124 |
| 300 Touring Signature AWD 4-Dr | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| 300 Limited 4-Dr Sedan | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| 300 C 4-Dr Sedan | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| 300 S V8 4-Dr Sedan | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| 300 Limited AWD 4-Dr | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| 300 C AWD 4-Dr | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| 300 SRT-8 4-Dr Sedan | $300 | $616 | $500 | $30 | $150 | $1,596 | $133 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate quotes do not factor in specific location information which can revise premiums noticeably.
Physical damage deductibles
When buying insurance, a common question is what deductibles to buy. The following tables may aid in understanding the costs and benefits when you choose different deductibles. The first rate quote example uses a $250 physical damage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| 300 Touring Plus 4-Dr Sedan | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| 300 Touring AWD 4-Dr | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| 300 S V6 4-Dr Sedan | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| 300 Touring Signature 4-Dr Sedan | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| 300 Touring Executive 4-Dr Sedan | $386 | $678 | $442 | $26 | $132 | $1,689 | $141 |
| 300 Touring Signature AWD 4-Dr | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| 300 Limited 4-Dr Sedan | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| 300 C 4-Dr Sedan | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| 300 S V8 4-Dr Sedan | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| 300 Limited AWD 4-Dr | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| 300 C AWD 4-Dr | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| 300 SRT-8 4-Dr Sedan | $430 | $780 | $442 | $26 | $132 | $1,835 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
| 300 Touring Plus 4-Dr Sedan | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
| 300 Touring AWD 4-Dr | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
| 300 S V6 4-Dr Sedan | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
| 300 Touring Signature 4-Dr Sedan | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
| 300 Touring Executive 4-Dr Sedan | $314 | $546 | $442 | $26 | $132 | $1,460 | $122 |
| 300 Touring Signature AWD 4-Dr | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| 300 Limited 4-Dr Sedan | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| 300 C 4-Dr Sedan | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| 300 S V8 4-Dr Sedan | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| 300 Limited AWD 4-Dr | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| 300 C AWD 4-Dr | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| 300 SRT-8 4-Dr Sedan | $348 | $630 | $442 | $26 | $132 | $1,578 | $132 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate quotes do not factor in specific location which can affect price quotes greatly.
We can derive from the above data that using a $250 deductible will cost you roughly $20 more each month or $240 for a full year across all Chrysler 300 models than requesting the higher $500 deductible. Because you would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average more than 13 months between claims, you would come out ahead if you choose the higher deductible.
Irresponsible driving raises your rates
The example below illustrates how traffic citations and at-fault claims can impact Chrysler 300 yearly insurance costs for each age group. The rate quotes are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
Should you buy full coverage?
The example below illustrates the difference between Chrysler 300 car insurance rates with liability coverage only compared to full coverage. The prices are based on no violations or claims, $250 deductibles, single status, and no discounts are taken into consideration.
When to drop full coverage
There is no specific rule for phasing out full coverage, but there is a general school of thought. If the annual cost of coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your Chrysler 300 replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $8,000 after the deductible is paid. If you are paying in excess of $800 a year to have full coverage, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not advised. If you still have a lienholder on your title, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not buy liability only.
What Impacts Chrysler 300 Insurance Prices?
Part of the auto insurance buying process is learning the factors that help calculate your auto insurance rates. If you have a feel for what positively or negatively impacts your premiums, this helps enable you to make changes that could result in much lower annual insurance costs. Lots of things are considered when you quote your car insurance policy. Some are pretty understandable like your driving record, but other criteria are more obscure like your continuous coverage or how safe your car is.
Listed below are a few of the “ingredients” used by companies to determine your rate level.
- Consolidating policies can get discounts – Most larger companies provide better rates to policyholders that have more than one policy. It’s known as a multi-policy discount. Even if you already get this discount, drivers will still want to get quotes from other companies to verify if the discount is saving money. It’s possible to still save even more than the discount even if you insure with multiple companies
- Pay less with a high NHTSA crash test rating – Cars with five star safety ratings tend to be cheaper to insure. The safest vehicles reduce occupant injuries and reduced instances of injuries means lower claim amounts which can mean better rates for you. If your Chrysler 300 has at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
- Miles driven impacts prices – The more miles you rack up on your Chrysler in a year the higher your rates will be. Most insurance companies charge to insure your cars based upon how the vehicle is primarily used. Autos used primarily for pleasure use qualify for better rates than those that get driven frequently. It’s always a good idea to double check that your vehicle rating shows how each vehicle is driven. Incorrect rating for your 300 may be costing you.
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Your gender affects premiums – Statistics demonstrate that females tend to be a little less risky than males. The data does not necessarily mean that females are better at driving than males. They both get in accidents at about the same rate, but males tend to have higher claims. Men also statistically receive more major tickets like DUI and reckless driving. Young men ages 16 to 20 are most likely to cause an accident and thus pay the highest rates.
The diagram below shows the difference between Chrysler 300 insurance costs for male and female drivers. The rates are based on no accidents, no driving violations, full coverage, $250 deductibles, marital status is single, and no additional discounts are factored in.
- Marriage can save you money – Walking down the aisle actually saves money on your policy. It means you’re more responsible and insurance companies reward insureds because married couples file fewer claims.
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Chrysler 300 claim statistics – Companies take into consideration historical loss data for every vehicle when determining insurance prices. Models that the data shows to have higher claim amounts or frequency will cost more for specific coverages. The table below demonstrates the insurance loss data used by companies for Chrysler 300 vehicles.
For each policy coverage type, the loss probability for all vehicles averaged together is considered to be 100. Percentage numbers below 100 imply a favorable loss record, while numbers above 100 indicate more frequent losses or a tendency for losses to be larger than average.
Insurance Loss Ratings for Chrysler 300 Vehicles Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chrysler 300 2WD 115 103 178 134 136 114 Chrysler 300 4WD 109 100 206 113 96 104 Chrysler 300 HEMI 125 96 225 105 114 117 BETTERAVERAGEWORSEData Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Don’t give up on cheaper premiums
Cheap Chrysler 300 insurance in Bakersfield is attainable from both online companies and from local insurance agents, so you should compare both to have the best selection. Some insurance providers may not offer online rate quotes and these small, regional companies provide coverage only through independent agents.
When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where consumers will sacrifice full coverage only to find out that they should have had better coverage. The ultimate goal is to buy the best coverage you can find at an affordable rate.
Drivers who switch companies do it for a variety of reasons including policy non-renewal, denial of a claim, high rates after DUI convictions or questionable increases in premium. It doesn’t matter what your reason, finding the right car insurance provider can be easy and end up saving you some money.
Steps to buying lower priced Chrysler 300 insurance in Bakersfield
If you want to save the most money, the best way to get budget Chrysler 300 insurance is to compare quotes once a year from companies that sell auto insurance in Bakersfield.
- Step 1: Spend a few minutes and learn about car insurance and the things you can control to prevent expensive coverage. Many policy risk factors that result in higher prices such as multiple speeding tickets and an imperfect credit history can be rectified by being financially responsible and driving safely.
- Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can quote prices from multiple sources. Begin your rate comparison
- Step 3: Compare the new rate quotes to your existing rates to determine if you can save on 300 insurance in Bakersfield. If you can save money, ensure coverage does not lapse between policies.
- Step 4: Notify your agent or company of your intention to cancel your current coverage. Submit a completed policy application and payment for your new policy. As soon as coverage is bound, store the certificate of insurance in an easily accessible location in your vehicle.
The most important part of this process is to use similar deductibles and liability limits on every price quote and to quote with as many companies as you can. Doing this helps ensure a fair rate comparison and a better comparison of the market.
More information is located at these links:
- Safety Belts FAQ (iihs.org)
- Who Has the Cheapest Bakersfield Auto Insurance for a Dodge Ram? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Bakersfield? (FAQ)
- Who Has Affordable Bakersfield Car Insurance Rates for a 20 Year Old Female? (FAQ)
- What is a Telematics Device? (Allstate)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Steps to Take After an Auto Accident (Insurance Information Institute)