Save Money on Dodge Viper Insurance in Miami

Unbelievably, a large majority of drivers have bought car insurance from the same company for at least four years, and virtually 40% of consumers have never even compared quotes to find lower-cost rates. Miami consumers could cut their rates by nearly $1,100 a year by just comparing rate quotes, but they mistakenly think it’s difficult to save money by comparing rate quotes.

The preferred way to get more affordable car insurance rates in Miami is to compare prices regularly from insurance carriers in Florida. You can shop around by completing these steps.

1. Gain an understanding of how car insurance works and the measures you can control to drop your rates. Many rating criteria that increase rates such as speeding tickets, careless driving and a bad credit rating can be remedied by making lifestyle changes or driving safer.
2. Compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while independent agents can quote rates for a wide range of companies. View a list of agents
3. Compare the new rate quotes to your current policy and see if you can save money. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.
4. Notify your agent or company of your intent to cancel your current coverage. Submit payment and a completed application to the new company. Immediately put the new certificate of insurance in an easily accessible location in your vehicle.

A good tip to remember is to use the same coverage limits and deductibles on each price quote and and to get price estimates from as many auto insurance providers as possible. Doing this provides a fair rate comparison and the best price quote selection.

Affordable rates with discounts

Some providers do not advertise the complete list of policy discounts very well, so here is a list some of the more common as well as some of the hidden credits available to bring down your rates.

• Life Insurance – Some insurance companies give a lower rate if you buy life insurance from them.
• Defensive Driving Course – Taking part in a course in safe driver may get you a small discount depending on where you live.
• Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them take driver’s ed class in high school.
• Discounts for New Vehicles – Buying a new car instead of a used Viper can save you some money due to better safety requirements for newer models.
• ABS Braking Discount – Cars with ABS and/or traction control are much safer to drive and will save you 10% or more on Viper insurance in Miami.
• Miami Homeowners Pay Less – Being a homeowner can save you money because owning a home requires a higher level of personal finance.

Drivers should understand that most discount credits are not given to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. So even though you would think you can get free auto insurance, it just doesn’t work that way.

The chart below shows the difference between Dodge Viper insurance costs with and without discounts being applied to the rates. The rates are based on a male driver, no driving violations, no at-fault accidents, Florida state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, marriage, multi-policy, and homeowner discounts applied.

The best insurance companies and a summarized list of policyholder discounts are detailed below.

• GEICO has savings for five-year accident-free, seat belt use, multi-vehicle, daytime running lights, defensive driver, federal employee, and anti-lock brakes.
• SAFECO offers premium reductions for multi-car, safe driver, bundle discounts, drive less, and homeowner.
• State Farm policyholders can earn discounts including good driver, defensive driving training, driver’s education, passive restraint, Steer Clear safe driver discount, safe vehicle, and good student.
• MetLife may have discounts that include good student, defensive driver, claim-free, multi-policy, and accident-free.
• 21st Century offers discounts for teen driver, driver training, homeowners, anti-lock brakes, and 55 and older.
• Progressive offers discounts including multi-policy, online signing, online quote discount, continuous coverage, good student, homeowner, and multi-vehicle.

If you need lower rates, check with each insurance company which discounts you qualify for. Some credits may not be offered in Miami.

Getting cheap Dodge Viper car insurance pricing isn’t really that difficult. The only thing you need to do is take a few minutes to compare rate quotes to discover which company has affordable Miami car insurance quotes.

The companies in the list below provide price comparisons in Miami, FL. To find cheaper car insurance in Florida, we suggest you click on several of them to get the best price comparison.

Statistics and details

The rate table displayed next covers a range of rate quotes for Dodge Viper models. Understanding how policy premiums are formulated is important to be able to make informed coverage decisions.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate information does not factor in specific zip code location which can affect coverage rates greatly.

Should you raise deductibles?

When comparing car insurance rates, the most common question is which deductibles should you choose. The following insurance rates may aid in understanding the cost difference when you buy lower versus higher insurance deductibles. The first pricing table uses a $250 deductible for physical damage and the second price table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in the specific area where the vehicle is garaged which can change price quotes significantly.

Based on the above data, using a $250 deductible costs roughly $31 more each month or $372 every year than quoting the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 8 months between claims, you would come out ahead if you decide on a higher deductible.

An important thing to remember is that a higher deductible level means you will have to pay more out-of-pocket if you have a claim. You need some savings in the bank in order to pay the deductible for vehicle repair.

Cost difference between full coverage and liability

The diagram below illustrates the difference between Dodge Viper car insurance rates with full physical damage coverage compared to only buying liability only. The rates are based on no claims or violations, $500 deductibles, drivers are not married, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no clear-cut formula of when to drop physical damage coverage on your policy, but there is a general guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Dodge Viper settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $3,000 after you pay the deductible. If premium cost is more than $300 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

You Can Change Your Insurance Premiums

Many factors are used when quoting car insurance. Some factors are common sense like an MVR report, although some other factors are not quite as obvious such as your marital status and annual miles driven. Smart consumers have a good feel for some of the elements that play a part in calculating insurance rates. If you have a feel for what influences your rates, this empowers consumers to make smart changes that may result in better insurance rates.

The following are a few of the things used by your company to calculate premiums.

• Better credit means lower costs – Having a good credit rating is likely to be a major factor in your rate calculation. If your credit is low, you may save money insuring your Dodge Viper by improving your rating. Drivers who have good credit tend to file fewer claims than drivers who have lower credit ratings.
• Limits of liability coverage – Liability insurance will provide protection when you are found to be at fault for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.
• Combine policies to earn discounts – Lots of insurers will award better rates for people who consolidate policies with them. It’s known as a multi-policy discount. Even with this discount, you still need to comparison shop to verify if the discount is saving money.

• Tickets will cost you – Good drivers receive lower rates than bad drivers. Only having one driving citation can bump up the cost twenty percent or more. Drivers who get license-revoking violations such as DUI, reckless driving or excessive speeding may find they need to submit a SR-22 form with their state DMV in order to prevent their license from being revoked.

  The chart below illustrates how violations and at-fault claims increase Dodge Viper car insurance costs for different age groups. The data assumes a married female driver, full coverage, $250 deductibles, and no discounts are applied.

• Insurance rates and age – Drivers with little experience have a tendency to be easily distracted with other occupants in the car and because of this, their insurance rates are much higher. More mature drivers have been proven to be more responsible, file fewer claims, and receive fewer citations.

  The following chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Dodge Viper insurance loss probability – Insurers use historical loss data to calculate a rate that will offset losses. Models that have higher losses will have a higher premium rate. The table below demonstrates the insurance loss data used by companies for Dodge Viper vehicles.

  For each insurance policy coverage type, the loss probability for all vehicles, regardless of make, model or trim level, equals 100. Values that are under 100 indicate a favorable loss history, while percentage numbers above 100 indicate frequent claims or tendency to have higher losses.

  
  

  Car Insurance Loss Data for Dodge Viper Models

  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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

When to get advice from an insurance agent

Many drivers prefer to get advice from a local agent and that is not a bad decision Insurance agents can help determine the best coverages and help you file claims. One of the great benefits of comparing insurance online is that you can obtain cheap insurance quotes and still choose a local agent. And buying from local agents is still important in Miami.

Once you complete this simple form, your coverage information is sent to local insurance agents who can give free rate quotes to get your business. You won’t even need to search for an agent since rate quotes are delivered to the email address you provide. If you wish to compare prices from a particular provider, you can always search and find their rate quote page and fill out the quote form the provide.

Two types of car insurance agents

If you prefer to buy insurance from a local Miami insurance agent, it can be helpful to understand the types of agencies and how they are slightly different. Agents can either be exclusive or independent. Both types of agents can sell and service insurance coverage, but it’s worth mentioning the differences because it can influence the type of agent you choose.

Independent Insurance Agents

Agents in the independent channel are normally appointed by many insurers and that allows them to write policies with an assortment of companies and potentially find a lower price. To move your coverage to a new company, they simply switch companies in-house and you can keep the same agent.

When shopping rates, you definitely need to contact at least one independent agent for maximum quote selection. Many write coverage with small mutual carriers which can save you money.

The following are Miami independent agencies who may provide comparison quotes.

• Estrella Insurance #101
  3750 W Flagler St – Miami, FL 33134 – (305) 446-6822 – View Map
• Avante Insurance Agency
  7490 W Flagler St – Miami, FL 33144 – (305) 648-7070 – View Map
• Koski and Co. Insurance Agents
  9875 Sunset Dr – Miami, FL 33173 – (305) 595-2127 – View Map

View more Miami agents

Exclusive Agencies

Exclusive agents can only write with one company and some examples include AAA, Allstate, and State Farm. Exclusive agents cannot compare rates from other companies so always compare other rates. These agents are well trained on sales techniques and that enables them to sell even at higher rates. A lot of people buy insurance from these agents partially due to the prominence of the brand rather than low price.

Below is a short list of exclusive insurance agents in Miami that are able to give price quotes.

• Mario Obregon – State Farm Insurance Agent
  6701 Sunset Dr #115 – South Miami, FL 33143 – (305) 661-7667 – View Map
• Allstate Insurance: Ramon Balladares
  2455 SW 27th Ave #210 – Miami, FL 33145 – (305) 859-8556 – View Map
• Allstate Insurance: Eduardo Ferraz
  1110 Brickell Ave Ste 105 – Miami, FL 33131 – (305) 379-3666 – View Map

View more Miami agents

Picking a insurance agency should include more criteria than just the bottom line cost. A good agent in Miami will have answers to these questions.

• What discounts might you be missing?
• Do they offer accident forgiveness?
• Do they reduce claim amounts on high mileage vehicles?
• Do you work with a CSR or direct with the agent?
• Does the agency provide any after hours assistance?

Three reasons to not skimp on insurance

Even though it can be expensive, buying insurance may be mandatory for several reasons.

• Most states have compulsory liability insurance requirements which means the state requires a minimum amount of liability protection if you don’t want to risk a ticket. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Dodge Viper has a loan, almost all lenders will stipulate that you buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Dodge at a more expensive rate and force you to pay the higher premium.
• Insurance protects both your vehicle and your assets. It also can pay for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay to defend you if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to have it repaired.

The benefits of carrying adequate insurance definitely exceed the price paid, especially for larger claims. Today the average American driver overpays more than $865 each year so you should quote your policy with other companies each time the policy renews to make sure the price is not too high.

The best insurance company isn’t always the cheapest

Consumers leave their current company for any number of reasons including unfair underwriting practices, poor customer service, delays in responding to claim requests or even not issuing a premium refund. Regardless of your reason for switching companies, finding the right insurance provider can be easier than you think.

We just showed you many ideas to shop for Dodge Viper insurance online. The most important thing to understand is the more times you quote, the better likelihood of getting affordable Dodge Viper insurance quotes. You may even be surprised to find that the best premium rates are with a lesser-known regional company.

When searching for the cheapest Dodge Viper rate quotes, it’s very important that you do not skimp on critical coverages to save a buck or two. In too many instances, an insured cut collision coverage to discover at claim time that it was a big error on their part. Your strategy should be to purchase a proper amount of coverage at the best possible price but still have enough coverage for asset protection.

More detailed insurance information is located by following these links:

• All About Airbag Safety (State Farm)
• Who Has Cheap Auto Insurance Quotes for a Chevrolet Malibu in Miami? (FAQ)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• State Laws for Cellphones and Texting (iihs.org)
• How to Avoid Buying a Flooded Car (Insurance Information Institute)
• Insurance Losses by Make and Model (iihs.org)