Find the Cheapest Auto Insurance Quotes in Your Area
The average cost of insurance for a Dodge Challenger is $2,775 for a six-month policy. However, the price you'll pay for this American muscle car varies greatly by insurance company. Progressive is the cheapest insurer for Dodge Challengers. It charges only $1,135 every six months.
Who has the cheapest insurance for a Dodge Challenger?
We found that Progressive offered the cheapest prices overall for a Dodge Challenger, with an average quote of $1,135 for six months of coverage. That's 59% cheaper than the average price we found for Challenger insurance. And State Farm's prices were only slightly more expensive, with an average of $1,147 for the same six-month policy.
Allstate was the most expensive insurer by far, with an average rate of $7,094 for a 30-year-old driver over six months. In fact, Allstate universally provided the most expensive quote for every one of our sample driver/car combinations.
We always recommend that drivers collect several quotes when buying a new car insurance policy. We found a difference of $5,959 between the worst and best prices for Dodge Challenger insurance. Checking with multiple insurers is the most effective way to get the lowest rates.
Young drivers pay much more for Challenger insurance
We collected sample quotes for younger drivers aged 17-24 and found that teen drivers can expect to pay a lot more for Challenger sports car insurance coverage than older people. Seventeen-year-olds pay the most by far—$7,227 for six months of coverage, or 2.6 times more than a typical 30-year-old would.
For the most part, young drivers are likely to find the best rates for Challenger insurance at our overall cheapest pick, Progressive. However, GEICO offered the lowest price for 19-year-old drivers, so we recommend that young Challenger owners get quotes from GEICO as well.
One way for younger drivers to save on insurance is to share a plan with an older family member. Whether it's a parent or someone else who you live with, sharing a policy will result in much cheaper prices for coverage.
More powerful Challenger models cost more to insure
The Dodge Challenger is available in several trim levels, and unsurprisingly, the more expensive models generally cost more to insure. Besides simply having a higher price, premium Challenger models also have additional horsepower and torque, which often lead to higher insurance costs. For example, the 2019 Challenger SRT Hellcat has 717 horsepower and a top speed of 199 MPH. By comparison, the R/T has 375 horsepower, and the standard SXT has just 305 horsepower.
|Average Six-Month Insurance Cost||MSRP*|
Dodge's nomenclature for different models of Challengers has changed over time. Prior to 2015, the high-performance model SRT was known as the SRT8; after 2015, the model was renamed to the SRT Hellcat. Additionally, the SXT base model was called the SE in the US prior to 2012.
Dodge Demon: A limited edition car with high-priced coverage
In 2018, Dodge released an ultra-powerful, one-year-only special edition of the Challenger called the Dodge Demon. The car's starting cost was $83,295—nearly triple that of the base Challenger model. And car insurance for the Dodge Demon is $3,983 for a six-month quote, which is 64% more expensive than a Challenger SXT. But Demon owners looking for the best deal on coverage for their car should start with State Farm: the company offered us a quote of just $1,555 for six months of coverage.
Unfortunately, new Dodge Demons are no longer available for purchase. Drivers looking for a Demon will have to turn to the used market, where used Demons are selling for well above the MSRP.
Cost of Challenger insurance: By model year
The cost of car insurance for a Dodge Challenger fluctuated by model year, but there was no clear correlation between the age of the vehicle and the price you'll pay for insurance. The cheapest model year to insure was the 2016 Challenger, with a six-month cost of $2,428. Some insurers, like Farmers and GEICO, offered cheaper rates to older vehicles. Progressive's rates were generally cheaper for newer models, while State Farm and Allstate's prices did not have a clear trend.
|Car Model Year||Average Six-Month Insurance Cost|
It's not always cheaper to insure used cars. While the cost to repair an older car may go down as parts get cheaper, newer cars often come with more advanced safety features that can lower rates significantly. It's worth noting, though, that the 2014, 2016, 2018 and 2019 Dodge Challengers all received 5-star overall safety ratings from the National Highway Traffic Safety Administration (NHTSA) for their base models, the highest scores available.
We collected 384 quotes from five of the largest insurers for our in-depth analysis of insurance rates for Dodge Challengers for the 2012, 2014, 2016, 2018 and 2019 model years. In addition to the base model, we also collected quotes for the R/T, SRT8 (2014 and earlier), SRT Hellcat (2016 and later), and Dodge Demon (2018 only).
Our main sample driver was a 30-year-old man living in the San Antonio, Texas area. For the purposes of age comparison, we also collected quotes for male drivers aged 17, 19, 21 and 24. All drivers received their driver's license at age 16 and have no accidents or driving infractions.
All car insurance quotes included the following coverages:
|Liability - bodily injury||$50,000 per person / $100,000 per incident|
|Liability - property damage||$50,000 per incident|
|Collision coverage||Included / $500 deductible|
|Comprehensive coverage||Included / $500 deductible|
|PIP/Medical payments||Not included|
|Uninsured motorist coverage||Not included|
|All other coverages||Not included|