The Dodge Charger is a mid-range car that’s somewhat pricey to insure. The average insurance costs for a Dodge Charger is $297 a month, or $3,564 a year. With a base price of $39,765 the annual insurance cost–to–base car price ratio is 9%.
Originally released in 1966, there have been seven generations of the Dodge Charger to date. Although the first models of the Charger were produced as a two-door coupe, the modern version is a sedan, the only four-door muscle car currently in production. The large car is known for its spacious interior, sporty handling, strong V8 engine and low base price. Despite its understated design, the Charger can have up to 700 horsepower, which could make it expensive to insure.
Compare Dodge Charger insurance rates to other Dodge models
On average, auto insurance for a Dodge Charger costs $297 a month — or $3,564 a year. Your actual rates may be different. The cost of insurance depends on a number of driver, location and vehicle-specific factors, making it important to get quotes that reflect your actual situation.
Model
Monthly insurance rate
Base car price
Challenger
$299
$36,265
Charger
$297
$39,765
Durango
$307
$43,769
To determine these estimated costs, we aggregated quotes from insurance companies using this profile:
Single, 35 year old female
Latest model vehicle
20,000 km driven yearly
Perfect driving record
Equipped with winter tires
Driver located in Etobicoke, Ontario
Our estimated price is for full insurance coverage, which usually includes mandatory liability coverage, comprehensive and collision coverage.
Other factors that can affect your Dodge Charger insurance cost
The model year
The vehicle’s trim
The amount of coverage you need
The estimated kilometres you drive in a year
The vehicle’s safety and anti-theft features
The driver’s credit score
The driver’s location
The driver’s age
The driver’s driving history in the past several years
The driver’s marital status
Your (or the driver’s) gender
Whether the driver rents, leases or owns the vehicle
How to compare insurance for the Dodge Charger
Shopping for auto insurance is no fun; coverage can be expensive, industry language can be confusing and let’s face it, nobody wants to pay for something they hope to never use. And to make it worse, coverage is mandatory in every province. So while you won’t be able to avoid buying coverage, you can shop around to get a better price. Here are a few things you should consider.
Price. Be sure to use the same details when getting quotes from providers. This will allow you to compare similar coverage to find the best price.
Deductible. Choose a deductible that fits your budget but keep in mind that the amount you choose and influence your monthly premiums.
Minimum coverage. Every province has minimum coverage requirements. Ensure your provincial minimums are met before purchasing a policy.
Additional coverage. Personal injury protection and medical payments coverage are two of many ways you can extend your coverage. Find out what options are available and be sure to include them when getting quotes.
Extras. Every policy comes with different features, so it’s important to find out what’s included and what you’ll need to pay extra for.
Restrictions. Some providers may have policy restrictions. Find out if any apply to you so that you can avoid gaps in coverage or denied claims.
Manufacturer offer or loyalty discount. Manufacturer offers and loyalty discounts can help you save on auto insurance. Find out if Dodge has any partnerships to provide any special offers.
Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.
What factors affect Dodge Charger insurance rates?
Your auto insurance premiums are largely influenced by your chances of filing claims and the cost to pay them out. Since vehicle performance, theft rates, safety features and other details can vary between makes and models, insurance providers rely on your choice of vehicle when calculating your rates. Here’s how the Dodge Charger measures up.
Body type. The Charger is a four-door sedan that’s designed for performance but packed with safety features that make it a great family car. This could bring down the cost of insurance.
Type of car. The Dodge Charger is a muscle car is available with a lot of power. It’s potential to be driven at high speeds could make it more expensive to insure.
Theft. The Charger has one of the highest theft rates compared to other vehicles, which could increase the cost of coverage.
Repairs. Repairs for the Dodge Charger are quite affordable. While this cost may be higher on the more expensive versions, the low cost of repairs could reduce your premiums.
Safety ratings. The Dodge Charger has great safety ratings in almost every category, which may bring down the cost of insurance.
Fuel type. The Charger runs on gas, which is usually cheaper to insure compared to diesel and hybrid vehicles.
Trim & packages. Choosing options that drastically increase the vehicle’s power or value could lead to more expensive insurance. However, features that improve safety or visibility could have the opposite effect.
Dodge Charger money-saving safety features
You could save money on car insurance for your Dodge Charger if it comes equipped with these safety features.
The 2020 Dodge Charger holds almost near-perfect ratings in almost every category from the Insurance Institute for Highway Safety (IIHS).
In terms of reliability, the Charger gets a 89/100 score from J.D. Power, which is above average for other vehicles in its category.
Dodge Charger maintenance
While the Charger is designed for performance, it’s the only four-door muscle car in production. This configuration makes it a great option for families or anyone that values the convenience of a sedan with the power of a muscle car. The higher-end models may require regular maintenance if they’re driven aggressively, but the entry-level versions should be fine with routine oil changes and other recommended service appointments. Here’s what to expect.
Dodge recommends an oil change every 13,000 kilometres or 6 months, whichever comes first.
Oil changes should cost between $100 and $150, but your price may vary depending on how frequently your vehicle is driven and where you bring it for service.
Consult your owners manual for more details on the service schedule for the Dodge Charger.
Is an extended warranty worth it for the Dodge Charger?
The Charger comes with a standard three-year/60,000-kilomoetre limited warranty and five-year/100,000-kilometre powertrain warranty. New vehicles also include five years of corrosion protection and roadside assistance.
Dodge doesn’t offer an extended warranty for the Charger but there are two vehicle protection plans available through its parent company, Mopar. Terms are available to covers parts, rental allowances and more. The Charger is rated below average for reliability, so these protection plans can provide peace of mind after the initial warranty runs out.
Bottom line
Starting at just under $30,895, the Dodge Charger offers a balance between convenience and power. While the entry-level Charger SXT comes with about 300 horsepower, there are a number of models and options that have the potential to put out over 700. Despite its power, every model comes equipped with great safety and driver assistance features that may be eligible for auto insurance discounts. There are still a number of factors that can influence the cost of insurance, which is why it’s important to compare your options to find the best price for the coverage you need.
Frequently asked questions about Dodge Charger insurance
Auto insurance is never one-size-fits-all, so it’s hard to pick the single best provider for the Dodge Charger. That said, you should have no trouble finding coverage from any major provider, so you should get quotes from multiple sources to find the best price on the coverage you need.
Your vehicle’s power is one of many variables that can influence the cost of insurance, which is why more powerful vehicles often cost more to insure. Because of this, you’ll likely pay less to insure the lower-end charger models, whereas the Hellcat, Demon, and other variations could be expensive. Each Charger comes equipped with great safety and driver assistance features, so it’s important to include these features when getting quotes to find out if you are eligible for any discounts. Compare your options to find out which provider has the best rates and discounts for your specific Charger.
You can learn more about provincial minimums here, by selecting your province or territory in the top right hand corner. Or you can speak with your provider to find a policy that suits your needs. When shopping around, it’s essential to find a policy that fits into your budget but also fulfills your provincial minimum requirements.
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
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