Find Cheaper Dodge Journey Insurance in Madison

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Dodge Journey insurance
Dodge Journey insurance image courtesy of QuoteInspector.com

Insurance quote for Dodge Journey in MadisonIt's safe to conclude that car insurance companies don't want customers comparing rates. Consumers who shop around at least once a year will presumably move their business because there is a good chance of finding a lower-cost company. A recent car insurance study revealed that drivers who routinely compared rates saved as much as $72 a month as compared to drivers who never shopped for cheaper rates.

If finding the cheapest price on car insurance is your ultimate target, then having some knowledge of how to find companies and compare auto insurance can make it easier for you to save money.

If you want to find the absolute lowest rates, then the best way to get more affordable Dodge Journey insurance in Madison is to make a habit of regularly comparing prices from insurers who provide car insurance in Wisconsin. This can be done by following these steps.

Step 1: Spend some time learning about how companies price auto insurance and the measures you can take to keep rates down. Many things that result in higher rates such as accidents, traffic violations, and an imperfect credit rating can be remedied by paying attention to minor details. This article provides more ideas to help prevent expensive coverage and find available discounts that you may qualify for.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO and Allstate, while independent agents can quote prices from multiple insurance companies.

Step 3: Compare the new rate quotes to the premium of your current policy to determine if you can save on Journey insurance. If you find a lower rate quote, make sure there is no coverage gap between policies.

Step 4: Provide written notification to your current company to cancel your current policy and submit a down payment along with a completed application to the new company. Immediately safely store the certificate verifying proof of insurance in your vehicle.

A valuable tip to remember is to try to use similar coverage information on each price quote and and to compare as many companies as feasibly possible. Doing this guarantees a level playing field and a thorough selection of prices.

Rates and other information

The information shown next outlines estimates of insurance coverage prices for Dodge Journey models. Having a good understanding how insurance quotes are determined can help drivers make informed coverage decisions.

Dodge Journey Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Journey SE 2WD $170 $288 $260 $16 $78 $812 $68
Journey SXT 2WD $170 $350 $260 $16 $78 $874 $73
Journey R/T 2WD $192 $350 $260 $16 $78 $896 $75
Journey SXT Crew 2WD $192 $350 $260 $16 $78 $896 $75
Journey SXT AWD $192 $350 $260 $16 $78 $896 $75
Journey R/T AWD $192 $412 $260 $16 $78 $958 $80
Journey SXT Crew AWD $192 $412 $260 $16 $78 $958 $80
Get Your Own Custom Quote Go

Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in Madison location which can increase or decrease coverage prices significantly.

Analysis of deductible levels

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The rates shown below can help you visualize the cost difference when you choose different policy deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second pricing table uses a $1,000 deductible.

Dodge Journey insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Journey SE 2WD $178 $246 $230 $14 $68 $761 $63
Journey SXT 2WD $178 $300 $230 $14 $68 $815 $68
Journey R/T 2WD $200 $300 $230 $14 $68 $837 $70
Journey SXT Crew 2WD $200 $300 $230 $14 $68 $837 $70
Journey SXT AWD $200 $300 $230 $14 $68 $837 $70
Journey R/T AWD $200 $352 $230 $14 $68 $889 $74
Journey SXT Crew AWD $200 $352 $230 $14 $68 $889 $74
Get Your Own Custom Quote Go
Dodge Journey insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Journey SE 2WD $110 $154 $230 $14 $68 $576 $48
Journey SXT 2WD $110 $188 $230 $14 $68 $610 $51
Journey R/T 2WD $124 $188 $230 $14 $68 $624 $52
Journey SXT Crew 2WD $124 $188 $230 $14 $68 $624 $52
Journey SXT AWD $124 $188 $230 $14 $68 $624 $52
Journey R/T AWD $124 $222 $230 $14 $68 $658 $55
Journey SXT Crew AWD $124 $222 $230 $14 $68 $658 $55
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in specific zip code location which can raise or lower auto insurance rates noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you approximately $18 more each month or $216 each year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 42 months between claims, you would probably come out ahead if you opt for a higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $70
Average monthly premium for $1,000 deductibles (subtract): - $52
Monthly savings from raising deductible: $18
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 42 months

One important note is that raising deductibles to save money means you will have to pay more out-of-pocket at claim time. You need to make sure you have enough savings in order to pay the higher deductible.

The information below demonstrates how deductible levels and can raise or lower Dodge Journey insurance rates for each age group. The prices are based on a single male driver, comp and collision included, and no discounts are applied.

Comparison of car insurance rates by gender

The information below illustrates the difference between Dodge Journey car insurance rates for male and female drivers. The rate quotes are based on a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no additional discounts are factored in.

Dodge Journey full coverage rates compared to liability only

The information below compares Dodge Journey premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

When to eliminate full coverage

There isn't a steadfast formula to stop paying for physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let's pretend your Dodge Journey book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying the physical damage deductible. If you are paying in excess of $300 a year to have full coverage, then it may be the right time to buy liability only.

There are some scenarios where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.

Informed Drivers Can Cut Insurance Costs

When buying auto insurance it's important to understand some of the things that come into play when calculating your auto insurance rates. When you know what positively or negatively determines base rates, this helps enable you to make changes that may result in much lower annual insurance costs. Many different elements are considered when you get your auto insurance bill. Some are obvious such as your driving record, but others are not as apparent like your continuous coverage and annual miles driven.

The list below includes some of the major factors used by your company to calculate your prices.

Do you have a demanding vocation? - Did you know your occupation can influence how much you pay for auto insurance? Careers such as military personnel, air traffic controllers, and emergency personnel generally have the highest rates in part from intense work requirements and long work hours. On the flip side, professions such as farmers, students and homemakers receive lower rates.

Lower performance equals lower insurance prices - The make and model of the car you are trying to find cheaper insurance for makes a big difference in the rate you pay. The lowest performance passenger cars usually have the lowest premiums, but the final cost of insurance is determined by many other factors.

The chart below uses these assumptions: married male driver age 30, full coverage with $250 deductibles, and no discounts or violations. The chart compares Dodge Journey insurance premiums compared to other makes and models that have different risk factors.

Good drivers pay the best premiums - Even a single ticket can increase the cost of insurance by as much as twenty percent. Drivers who don't get tickets receive lower rates compared to drivers with tickets. Drivers who have careless violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 with their state DMV in order to keep their license.

The information below demonstrates how speeding tickets and at-fault fender-benders can increase Dodge Journey insurance costs for different categories of driver ages. The costs are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are taken into consideration.

Coverage deductibles are a factor - Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Examples of some claims that would be covered could be a windshield shattered by a rock, vandalism, and burglary. Physical damage deductibles tell how much you are required to pay before your auto insurance pays a claim. The more of the claim you have to pay, the better rate you will receive.

Dodge Journey insurance loss data - Auto insurance companies use past loss statistics for each vehicle to calculate a rate that will offset any claims. Models that the statistics show to have increased losses will have higher rates for specific coverages.

The table below outlines the collected loss data for Dodge Journey vehicles. For each insurance policy coverage type, the claim amount for all vehicles compiled together is equal to 100. Percentage values below 100 represent a good loss history, while numbers shown that are more than 100 show a trend for more claims or an increased chance of larger losses than average.

Auto Insurance Loss Data for Dodge Journey Models
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Journey 4dr 2WD 80 92 80 148 163 131
Dodge Journey 4dr 4WD 96 116 71 96
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Don't give up on affordable premiums

There are still a few companies who don't offer price quotes online and most of the time these regional carriers prefer to sell through independent agencies. Cheaper insurance in Madison can be found on the web in addition to many Madison insurance agents, so you need to compare both to have the best selection.

When searching for affordable Madison car insurance quotes, never reduce coverage to reduce premium. In many instances, an insured cut comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to buy a smart amount of coverage at the best possible price and still be able to protect your assets.

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