Many individuals when purchasing a car want one that they feel is unique or falls into the unique or elite category. For most, they will consider the Dodge Challenger to be one of these. While it certainly is a nice vehicle to own one cannot forget about the initial cost of this vehicle. As well as the ongoing costs when it comes to putting insurance on. This is a vehicle that has been in production for over three different generations.
The Generations
The first generation of this vehicle goes all the way back to 1959. Within the three generations, two of them had the vehicle classed as pony cars. The pony classification is an American class of vehicle. The first generation spanned from 1970 to 1974.
The second generation fell into the years 1978 to 1983. Now looking at the third generation, it takes in the years of 2008 to the current years. As can be seen, by the generation spanned many of the Dodge challengers that are still in existence are going to call fall into the classic car category.
The Modern-Day Dodge Challenger
For those that want to leave time behind and look to the future as to what the Dodge Challenger is comprised of it means looking at the 2018 Dodge Challenger SRT demon. There are going to be very few owners of these in Canada as there are only 300 slated for release for the Canadian market. One can expect with this type of criteria that the insurance for this vehicle is not going to be cheap. Not only does it possess all of the metrics that the insurance companies look at when it comes to high-powered, high-priced vehicles the fact that it is a limited version in Canada is going to be factored in.
For those outside of the elite group that is going to be part of the 300 owners of the SRT demon and means looking at the 2018 Dodge Challenger. The first factor that has to be considered for this insurance is what the cost factor is going to be to buy one of these vehicles new. It appears that the average price for the Dodge challengers going to range anywhere from $32,695 all the way up to $109,995.
A couple of the mitigating factors with the insurance company is going to be the 305 hp and the V-6 engine that the SX D model is going to possess. With this not being a V8 there may be some slight savings when it comes to the insurance costs, however, most likely will be minimal when the rest of the features of the Dodge Challenger are taken into account.
How About Insurance for a 2017 Dodge Challenger?
There are some people that are interested in how much the insurance is going to cost for a 2017 Dodge Challenger. They are not going to find a definite answer to this question. One is because each individual that is getting car insurance is going to get a premium based on their circumstances. Some individuals have shared how much they are paying for their insurance and it seems to vary amongst the provinces. For example, in BC it is been indicated that for a Dodge Challenger hellcat the insurance was over $2,000 a year. When one is listening to what is being shared about insurance, it is easy to see some substantial variances. Again this is going to be because of the personal circumstance of the individual. Another reason will be is who they are purchasing their insurance through.
While there certainly may be a lot of reasons why the Challenger is going to be more to insure it doesn’t appear to be on the top 10 list. Meaning the top 10 list of the most expensive cars to insure. To understand why one needs to know what the basic metrics are that the insurance company is going to look at when it comes to car insurance.
Metrics That Will Be Considered When Insuring the Challenger
Claims Statistics
Insurance companies are going to use a lot of statistics when it comes to determining the cost for the insurance for the challenger. One of these is going to be the claims statistics. They will look at these claims over a long period of time. For example, there will be statistics gathered in 2016 that cover the model years from 2003 to 2015. The general statistics for the Challenger for these years show that there are only view instances where the Challenger is below the average rate for claims statistics. This is going to be factored into the cost of the insurance.
The Cost of the Vehicle
When one is buying a Challenger, the specs and model are going to be another factor. As these raise the cost of the base price of the vehicles. The insurance company is going to be interested in the end cost of the vehicle. It is because of they have to replace or repair it they want to know what risk they are going to be at.
Engine Type and Classification of the Vehicle
Another interest to insurance companies when it comes to the challenger is going to be the engine type and the specific classification of the vehicle. The more power the specific Challenger has, the more costs is going to be incurred with the insurance. It is because the power is going to put the insurance company at greater risk. Also, it doesn’t matter how much experience the driver has to the insurance companies. It may be a temptation to use this power to its full limit which creates a danger level for the driver and the risk for the insurance company.
Where the Vehicle is Going to Be Located
Another important metric to the insurance company when it comes to the Challenger is whether it is going to be at risk for theft. Some areas are more prone to vehicle theft than others. Also, some vehicles are higher on the list when it comes to theft. The insurance company is going to check out the metrics to determine if the driver of the Challenger is creating a risk in this regard.
Personal Information About the Driver
Another metric that’s going to hold big priority with the insurance company is the personal information about the driver. If one combines a high powered vehicle with a driver that has a poor record for driving then this is going to shoot up the cost of the insurance.
About the Author: Ashley Miller
