Compare Dodge Viper Insurance Quotes in Las Vegas

It takes a few minutes, but the best way to find affordable quotes for Dodge Viper insurance in Las Vegas is to compare quotes once a year from insurers that sell auto insurance in Nevada. Drivers can shop around by following these guidelines.

Step 1: Spend a few minutes and learn about what is in your policy and the things you can change to keep rates low. Many policy risk factors that cause high rates such as traffic violations, accidents, and a less-than-favorable credit history can be amended by making lifestyle changes or driving safer.

Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like Progressive or Allstate, while agents who are independent can quote prices from multiple sources.

Step 3: Compare the new rates to your existing coverage to see if a cheaper price is available. If you find a lower rate and buy the policy, ensure there is no coverage lapse between policies.

Step 4: Give notification to your agent or company to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new company. Be sure to keep the new proof of insurance certificate above your visor, in the console, or in the glove compartment.

One thing to remember is that you use the same physical damage deductibles and liability limits on each price quote and and to get quotes from as many different insurance providers as possible. This ensures a level playing field and the best rate selection.

It’s a known fact that auto insurance companies want to keep you from comparing prices. Consumers who shop around annually will, in all likelihood, switch to a new company because they have a good chance of finding a lower rate. A recent insurance study discovered that people who routinely shopped for cheaper coverage saved on average $865 a year compared to those who never compared rates.

If finding the cheapest price on Dodge Viper insurance is your ultimate goal, then having some insight into the best way to compare auto insurance can make it easier for you to save money.

What Impacts Dodge Viper Insurance Premiums?

Lots of factors are part of the equation when quoting car insurance. Some of the criteria are obvious like an MVR report, although some other factors are not as apparent like your continuous coverage or your commute time. It’s important that you understand some of the factors that aid in calculating the level of your policy premiums. When consumers understand what controls the rates you pay, this empowers consumers to make smart changes that may result in lower rates.

• Vehicles with better crash test results cost less to insure – Cars with high safety ratings tend to be cheaper to insure. These vehicles reduce injuries and reduced instances of injuries means less money paid by your insurance company which can result in lower premiums.
• Adjust comp and collision deductibles and save – Your deductibles are the amount of money you are required to pay in the event of a claim. Insurance for physical damage, aka comp and collision, covers damage that occurs to your car. Some examples of covered claims could be rear-ending another vehicle, damage caused by hail, and having a roll-over accident. The more you’re willing to pay, the less money you will pay for car insurance.

• Battle of the sexes – Statistics demonstrate that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Males and females get in accidents at about the same rate, but guys tend to have higher claims. Men also receive more major tickets such as reckless driving.

  The diagram below shows the comparison of Dodge Viper insurance premiums for male and female drivers. The price estimates are based on no claims, a clean driving record, comp and collision included, $250 deductibles, marital status is single, and no discounts are applied to the premium.

• High credit means lower rates – Your credit score is a large factor in calculating your premium rate. So if your credit can be improved, you could save money insuring your Dodge Viper by improving your rating. Insureds that have very high credit ratings tend to file fewer claims and have better driving records than drivers who have lower ratings.
• Filing car insurance claims can cost you more – If you are a frequent claim filer, you can pretty much guarantee either higher rates or even cancellation. Car insurance companies in Nevada give most affordable rates to people who do not rely on their insurance for small claims. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

• Dodge Viper historical loss data – Companies include the past claim trends for vehicles to help calculate premium rates. Models that tend to have higher claim frequency or loss amount will cost more for specific coverages. The table below outlines the historical loss data for Dodge Viper vehicles.

  For each coverage category, the claim amount for all vehicles, as an average, is represented as 100. Values that are 100 or less imply a favorable loss record, while values that are above 100 point to more frequent losses or a tendency for losses to be larger than average.

  
  

  Insurance Loss Ratings for Dodge Viper Vehicles

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Dodge Viper 2dr	147

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Premium rates and analysis

The price information shown next highlights detailed analysis of coverage prices for Dodge Viper models. Learning how rates are formulated is important for making smart choices when choosing a car insurance company.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in vehicle location which can decrease or increase coverage rates greatly.

Physical damage deductibles: Should you raise them?

One of the more difficult decisions when buying car insurance is which deductible level should you buy. The figures shown below highlight the premium difference between high and low coverage deductibles. The first data set uses a $250 deductible for comp and collision and the second set of rates uses a $1,000 deductible.

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Estimates do not factor in Las Vegas location which can decrease or increase coverage prices substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $43 more each month or $516 a year than choosing the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 17 months between claim filings, you would more than likely save some money if you choose a higher deductible.

The example below illustrates how your deductible choice and can influence Dodge Viper insurance costs for different ages of insureds. The data is based on a married male driver, full coverage, and no discounts are applied.

Responsible drivers pay cheaper Las Vegas car insurance rates

The diagram below illustrates how violations and at-fault claims can impact Dodge Viper annual premium costs for different categories of driver ages. Data assumes a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.

Full coverage or liability only

The illustration below illustrates the comparison of Dodge Viper yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nevada. The data assumes no accidents, no driving violations, $500 deductibles, single marital status, and no discounts are applied to the premium.

When to switch to liability coverage only

There is no definitive formula for excluding physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Dodge Viper settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $4,000 after the policy deductible has been paid. If it’s costing you more than $400 a year to have full coverage, then it might be time to buy liability only.

There are a few situations where only buying liability is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Las Vegas insurance discounts for a Dodge Viper

Auto insurance is not cheap nor is it fun to buy but you may qualify for discounts that can drop the cost substantially. Certain discounts will be triggered automatically when you purchase, but less common discounts must be inquired about before you will receive the discount.

• Early Signing – A few companies offer discounts for buying a new policy before your current expiration date. This discount can save up to 10%.
• Lower Rates for Military – Having a deployed family member could be rewarded with lower rates.
• Senior Citizens – If you qualify as a senior citizen, you can get a small discount on rates.
• Resident Student – Kids who live away from home at college and do not have access to a covered vehicle may be insured at a cheaper rate.
• ABS Brakes – Vehicles with anti-lock braking systems have fewer accidents so you can save 10 percent or more.
• Student Driver Training – Teen drivers should successfully take a driver’s education course in high school.
• Home Ownership Discount – Simply owning a home may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
• Discount for Life Insurance – If the company offers life insurance, you could get lower rates if you buy life insurance.
• Passive Restraints and Air Bags – Vehicles with factory air bags or motorized seat belts may qualify for discounts of up to 25% or more.
• Policy Bundle Discount – When you combine your auto and homeowners insurance and insure them both with the same insurance company you could earn a discount of at least 10 to 15 percent or more.

A little note about advertised discounts, most of the big mark downs will not be given to the entire policy premium. Some only apply to the cost of specific coverages such as medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, it just doesn’t work that way. Any qualifying discounts will cut the cost of your policy.

The diagram below illustrates the comparison of Dodge Viper auto insurance rates with and without policy discounts. The premiums assume a male driver, no accidents, no driving violations, Nevada state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, multi-policy, marriage, homeowner, and safe-driver discounts applied.

A list of auto insurance companies and a selection of discounts are included below.

• GEICO has discounts for air bags, military active duty, anti-theft, federal employee, five-year accident-free, good student, and anti-lock brakes.
• Travelers may offer discounts for multi-policy, student away at school, driver training, good student, and payment discounts.
• Nationwide discounts include good student, Farm Bureau membership, defensive driving, easy pay, family plan, and business or organization.
• Farmers Insurance offers premium reductions for good student, mature driver, teen driver, switch companies, early shopping, and distant student.
• Esurance includes discounts for homeowner, renters, claim free, paid-in-full, and defensive driver.
• State Farm may include discounts for multiple autos, good driver, safe vehicle, multiple policy, accident-free, passive restraint, and Steer Clear safe driver discount.
• Progressive offers discounts for online quote discount, multi-vehicle, homeowner, online signing, multi-policy, and good student.
• Mercury Insurance offers discounts including multi-policy, ease of repair, accident-free, low natural disaster claims, good driver, annual mileage, and multi-car.

Before purchasing a policy, check with all companies you are considering which credits you are entitled to. Some discounts listed above might not be offered in every state. If you would like to see a list of companies who offer free Dodge Viper insurance quotes in Las Vegas, follow this link.

More effort can pay off

When buying insurance coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced liability coverage limits and found out when filing a claim they didn’t have enough coverage. Your goal is to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.

We just showed you some good ideas how you can lower your Dodge Viper insurance premium rates in Las Vegas. The key thing to remember is the more rate quotes you have, the better likelihood of getting inexpensive Las Vegas auto insurance quotes. Consumers may even find the biggest savings come from a small local company. These smaller insurers may only write in your state and offer lower prices than the large multi-state companies such as State Farm or Progressive.

Budget-friendly insurance in Las Vegas can be bought on the web in addition to many Las Vegas insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance providers do not provide the ability to get quotes online and these regional carriers provide coverage only through local independent agents.

Additional articles

• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• How Much are Auto Insurance Rates for Business Use in Las Vegas? (FAQ)
• What Insurance is Cheapest for Drivers with Good Credit in Las Vegas? (FAQ)
• Who Has the Cheapest Las Vegas Car Insurance for High School Students? (FAQ)
• Rollover Crash FAQ (iihs.org)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)