How Much Does It Cost to Insure a Dodge Charger?

How Much Does It Cost to Insure a Dodge Charger?

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The Dodge Charger is a popular American sports car and is noted as one of the last great sports sedans. It costs $2,635 per year to insure the 2021 Dodge Charger SXT, which equates to about $220 a month. The cheapest insurer for this luxury vehicle is State Farm. The market value of a 2021 Dodge Charger SXT is $26,975.

We analyzed the average auto insurance rates for a Dodge Charger and the vehicle's competitors. But it's important to compare insurance quotes across multiple insurers to find the best insurance rate for your Dodge Charger.

Cheapest insurance company for the Dodge Charger: State Farm

State Farm is the cheapest major insurer for the Dodge Charger with a rate of $1,663 per year. State Farm policyholders with a 2021 Dodge Charger will save $2,165 per year compared to Allstate, which is the most expensive large insurance company for the Charger.

This graph shows the cheapest auto insurers for the Dodge Charger

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Travelers is the second-cheapest large insurer, costing just $18 more per month than State Farm to insure the 2021 Dodge Charger.

Annual rate
Monthly rate
State Farm$1,663$139
Country Financial$1,868$156
American Family$2,657$221
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Our sample driver is a 30-year-old, single man with a clean driving record. These insurance rates reflect quotes for a full-coverage policy across every ZIP code in Illinois.

How much is car insurance for a Dodge Charger?

On average, the cost to insure a Dodge Charger is $2,392 per year. Insurance rates will vary based on model year and vehicle value. Newer models are often more expensive, which is why you see the insurance rates steadily increase.

Out of the models surveyed, the 2014 Dodge Charger is the cheapest to insure at $2,067 per year, which is $568 per year cheaper than the 2021 Dodge Charger. Insurance cost data for the 2022 Dodge Charger was not available, but insurance for a newer model is likely to cost more.

Market value
Average Dodge Charger car insurance price
2021 Dodge Charger$26,975$2,635
2020 Dodge Charger$26,557$2,577
2019 Dodge Charger$25,512$2,543
2018 Dodge Charger$22,551$2,458
2017 Dodge Charger$18,676$2,389
2016 Dodge Charger$15,685$2,278
2015 Dodge Charger$13,495$2,185
2014 Dodge Charger$9,195$2,067

Insurance rates represent the annual cost of a full-coverage policy for a 30-year-old male driver for a Dodge Charger SXT. The insurance rates were gathered from every ZIP code in Illinois.

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Vehicles with extra features can cost more to repair — and insure — than base models of that same vehicle.

Cost of coverage for the Dodge Charger SXT and Dodge Charger GT

We collected insurance quotes for both the base SXT model and the more powerful GT but only found a slight difference in insurance cost between the SXT and the GT. Insurance for the Dodge Charger GT is actually $1 less per month.

Average insurance cost
Market value (2021)
Dodge Charger SXT$2,635$26,975
Dodge Charger GT$2,618$32,418
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The Dodge Charger GT is a more expensive model with a more powerful engine. Types of trim can include different sets of features for the vehicle, which can often set the car's value. The trim level can also help predict the potential cost to insurers in the event of an accident. For example, the 2021 Dodge Charger SRT Hellcat has a market value of $78,573, which is $51,598 more than the 2021 Dodge Charger SXT. Because of this, 2021 Dodge Charger Hellcat owners will likely pay hundreds more per year for insurance than Dodge Charger SXT owners.

How Dodge Charger insurance costs compare to other muscle cars

Compared to other types of popular muscle cars on the market, the 2021 Dodge Charger's insurance rates can be a bit more expensive at $2,635 a year.

The same sample driver was used to find insurance rates for muscle-car competitors compared to the Dodge Charger. The cost to insure a 2021 Chevy Camaro 1SS is $100 cheaper annually than the cost to insure a Dodge Charger, which is a mere $8 difference per month. The 2021 Ford Mustang is the most expensive, costing $2,676 to insure per year.

Annual rate
Monthly rate
2021 Chevrolet Camaro 1SS$2,534$211
2021 Dodge Charger SXT$2,635$220
2021 Ford Mustang GT$2,676$223


Our sample driver was a 30-year-old single man with a clean driving record. The rates, which were collected from every ZIP code in Illinois, reflect the cost of the full-coverage policy outlined below.

Coverage type
Study limits
Bodily injury liability$50,000 per person/$100,000 per accident
Property damage liability$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.

Dodge Charger average market values were obtained from Kelley Blue Book.

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