Anyone knows that insurance companies don't want their policyholders to compare prices. Drivers who shop rates annually are inclined to move their business because they have a good chance of finding a policy with more affordable rates. A recent survey discovered that consumers who compared prices regularly saved as much as $70 a month as compared to drivers who don't make a habit of comparing rates.
If saving the most money on Chrysler 300 insurance in Indianapolis is your ultimate objective, then learning a little about the best ways to find and compare insurance premiums can make shopping around easier.
The recommended way to get budget auto insurance rates in Indianapolis is to compare quotes annually from providers who provide auto insurance in Indiana. Price quotes can be compared by following these steps.
Step 1: Read about how companies set rates and the steps you can take to keep rates in check. Many rating factors that cause rate increases like your driving record and bad credit can be controlled by improving your driving habits or financial responsibility. Continue reading for more ideas to help reduce premium rates and find additional discounts you may qualify for.
Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like GEICO and Allstate, while independent agencies can provide price quotes from multiple insurance companies.
Step 3: Compare the new rate quotes to the price on your current policy and determine if cheaper 300 coverage is available in Indianapolis. If you find a better price and buy the policy, make sure there is no lapse in coverage.
Step 4: Provide notification to your current company of your intent to cancel your current auto insurance policy and submit a completed policy application and payment to the new insurer. As soon as you have the new policy, place the new certificate of insurance in an accessible location in your vehicle.
The most important part of shopping around is that you use identical coverages on each quote request and and to get rates from as many different companies as possible. Doing this enables a fair rate comparison and maximum price selection.
Buying the lowest cost protection in Indianapolis is simple if you know the tricks. Nearly each driver who needs more affordable auto insurance most likely will be able to save money. Nevertheless, Indiana vehicle owners do need to understand how companies market insurance on the web and take advantage of how the system works.
Cheapest Chrysler insurance prices in Indianapolis
The car insurance companies shown below have been selected to offer price comparisons in Indiana. If the list has multiple companies, we recommend you visit two to three different companies in order to find the cheapest rates.
Chrysler 300 insurance coverage information
The table below outlines detailed analysis of rate quotes for Chrysler 300 models. Understanding more about how auto insurance premiums are figured can be useful when making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|300 Touring 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|300 Touring Plus 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|300 Touring AWD 4-Dr||$152||$270||$280||$16||$84||$802||$67|
|300 S V6 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|300 Touring Signature 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|300 Touring Executive 4-Dr Sedan||$152||$270||$280||$16||$84||$802||$67|
|300 Touring Signature AWD 4-Dr||$168||$312||$280||$16||$84||$860||$72|
|300 Limited 4-Dr Sedan||$168||$312||$280||$16||$84||$860||$72|
|300 C 4-Dr Sedan||$168||$312||$280||$16||$84||$860||$72|
|300 S V8 4-Dr Sedan||$168||$312||$280||$16||$84||$860||$72|
|300 Limited AWD 4-Dr||$168||$312||$280||$16||$84||$860||$72|
|300 C AWD 4-Dr||$168||$312||$280||$16||$84||$860||$72|
|300 SRT-8 4-Dr Sedan||$168||$312||$280||$16||$84||$860||$72|
|Get Your Own Custom Quote Go|
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rates do not factor in vehicle garaging location which can lower or raise rates substantially.
The example below demonstrates how deductible levels and can raise or lower Chrysler 300 insurance prices for different age categories. The information is based on a married female driver, full physical damage coverage, and no other discounts are factored in.
Insurance rates based on gender
The diagram below shows the comparison of Chrysler 300 insurance prices for male and female drivers. The rates are based on no claims or violations, full coverage, $1,000 deductibles, single marital status, and no discounts are factored in.
Full coverage versus liability-only in Indianapolis
The information below illustrates the comparison of Chrysler 300 car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no accidents or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.
When to stop buying physical damage coverage
There is no specific rule for excluding physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let's assume your Chrysler 300 book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If you are paying more than $300 annually for comprehensive and collision coverage, then it's probably a good time to buy liability coverage only.
There are a few situations where removing full coverage is not recommended. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle in case of an accident, you should not drop full coverage.
Cheaper rates by taking advantage of these ten discounts
Auto insurance companies don't list every discount in an easy-to-find place, so the below list has a few of the more common and the more hidden discounts that you may qualify for.
- Full Payment Discount - By paying your policy upfront rather than paying in monthly installments you may reduce your total bill.
- Bundled Policy Discount - If you have multiple policies with the same company you could earn a discount of 10% to 20% off each policy.
- Waiver for an Accident - This isn't a discount exactly, but companies like Allstate, State Farm and GEICO will turn a blind eye to one accident before raising your premiums if you have no claims prior to the accident.
- New Car Discount - Insuring a vehicle that is new can cost up to 25% less since newer models have better safety ratings.
- Passive Restraints and Air Bags - Vehicles with factory air bags may qualify for discounts up to 30%.
- Drivers Ed for Students - It's a good idea to have your young drivers successfully take a driver's education course as it will make them better drivers and lower rates.
- Good Student Discount - Getting good grades can save 20 to 25%. Earning this discount can benefit you until age 25.
- Discount for Low Mileage - Low mileage vehicles may enable drivers to earn cheaper premium rates.
- Government Employees - Active or retired federal employment can save as much as 8% depending on your company.
- Lower Rates for Military - Being on active deployment in the military could mean lower rates.
Remember that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like adding up those discounts means a free policy, insurance companies aren't that generous.
The diagram below compares Chrysler 300 auto insurance rates with and without discounts applied to the rates. The rate quotes are based on a male driver, no accidents or driving violations, Indiana state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-car, multi-policy, and homeowner discounts applied.
If you would like to view insurance companies offering insurance discounts in Indiana, click this link.
Independent and exclusive insurance agents
Certain consumers still prefer to talk to a local agent and that is recommended in a lot of cases An additional benefit of comparing rate quotes online is that you can obtain the lowest rates but also keep your business local. Buying from and supporting neighborhood insurance agencies is important particularly in Indianapolis.
To make it easy to find an agent, after completing this form (opens in new window), your coverage information is instantly submitted to local insurance agents in Indianapolis who will gladly provide quotes for your business. You won't even need to visit any agencies since rate quotes are delivered straight to your inbox. You can most likely find cheaper rates and a licensed agent to work with. If you need to get a rate quote from a specific company, you just need to go to their quote page and fill out the quote form the provide.
If you are searching for a reputable insurance agent or broker, it can be helpful to understand the different agency structures and how they are slightly different. Insurance agencies can be categorized as either independent or exclusive.
Independent Agencies or Brokers
Agents in the independent channel can quote rates with many companies and that allows them to write policies through many different insurance companies enabling the ability to shop coverage around. If you want to switch companies, your agent can switch companies and that require little work on your part.
When comparing rates, it's a good idea to include price quotes from multiple independent agents for maximum quote selection. They also have the ability to place coverage with companies that do not advertise much which may have better rates.
Below are Indianapolis independent insurance agents that may be able to give price quotes.
- Dalessandro Agency Inc.
4255 Lafayette Rd - Indianapolis, IN 46254 - (317) 290-2055 - View Map
- Dalessandro Agency Inc
4240 N Franklin Rd #109 - Lawrence, IN 46226 - (317) 898-1866 - View Map
- Indiana State Agency
2425 N Meridian St - Indianapolis, IN 46208 - (317) 923-7722 - View Map
Exclusive Insurance Agencies
Exclusive agencies can only write with one company such as State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to provide other company's prices so they are skilled at selling on more than just price. Exclusive agencies are trained well on their company's products which helps overcome the inability to quote other rates. Drivers often use the same agent partially due to the brand name instead of buying on price only.
Listed below is a short list of exclusive insurance agencies in Indianapolis that can give you price quote information.
- Norm Street - State Farm Insurance Agent
8610 E Washington St - Indianapolis, IN 46219 - (317) 898-2626 - View Map
- Jerry Ortner - State Farm Insurance Agent
7424 Rockville Rd - Indianapolis, IN 46214 - (317) 273-0709 - View Map
- Farmers Insurance
2229 Martin Luther King Jr St - Indianapolis, IN 46208 - (317) 925-5557 - View Map
Picking a insurance agent requires more thought than just a cheap price. Here are some questions to ask:
- What is the financial rating for the quoted company?
- How long has the business existed?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do the agents have professional certifications like CPCU or CIC?
- What insurance company do they write the most business with?
- Are they actively involved in the community?
- Will the company cover a rental car if your car is getting fixed?
- Do they offer claims assistance after hours?
Once you have satisfactory answers to these questions and locked in a price quote, it's possible that you found an insurance agency that can properly insure your vehicles. But keep in mind you have the power to cancel a policy at any time so don't feel that you're stuck with a policy for the entire policy term.
Insurance coverage breakdown
Having a good grasp of your policy helps when choosing the right coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.
Uninsured/Underinsured Motorist coverage - Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Chrysler 300.
Because many people only carry the minimum required liability limits (which is 25/50/10), their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive coverage - This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as a tree branch falling on your vehicle, hitting a deer and vandalism. The maximum amount you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.
Auto liability - This can cover damage that occurs to a person or their property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/10 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $10,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims like medical expenses, bail bonds and court costs. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford. Indiana state minimum liability requirements are 25/50/10 but you should think about purchasing better liability coverage.
The illustration below demonstrates why the minimum limit may not provide adequate coverage.
Medical payments coverage and PIP - Coverage for medical payments and/or PIP kick in for bills such as chiropractic care, pain medications and funeral costs. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Collision - This coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against claims like driving through your garage door, sideswiping another vehicle, crashing into a ditch and backing into a parked car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible on your 300 to get cheaper collision coverage.
A conclusion for your auto insurance search
When you buy Indianapolis auto insurance online, don't be tempted to reduce coverage to reduce premium. There are many occasions where drivers have reduced collision coverage and discovered at claim time that the small savings ended up costing them much more. Your strategy should be to buy a smart amount of coverage at the best possible price, not the least amount of coverage.
The cheapest Chrysler 300 insurance in Indianapolis can be sourced from both online companies in addition to local insurance agencies, and you need to comparison shop both to have the best rate selection. Some auto insurance companies don't offer the ability to get a quote online and these small, regional companies sell through local independent agencies.
Throughout this article, we presented a lot of ways to save on Chrysler 300 insurance in Indianapolis. The key concept to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even find the lowest rates are with a smaller regional carrier.
Helpful learning opportunities
- Parking Tips to Reduce Door Dings (State Farm)
- What Car Insurance is Cheapest for Handicapped Drivers in Indianapolis? (FAQ)
- Who Has Affordable Auto Insurance Rates for a Subaru Outback in Indianapolis? (FAQ)
- Who Has Affordable Car Insurance for a Honda Accord in Indianapolis? (FAQ)
- How Much are Indianapolis Car Insurance Rates for a Hyundai Sonata? (FAQ)
- What Insurance is Cheapest for Police Officers in Indianapolis? (FAQ)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Understanding Car Crashes Video (iihs.org)
- Steps to Take After an Auto Accident (Insurance Information Institute)