Dodge Challenger Insurance Cost: SXT, GT, R/T, SRT by Model Year

Does a Dodge Challenger have expensive car insurance rates?

From the SXT model to the SRT Super Stock trim, we compared Challenger insurance quotes to determine average insurance cost per month for each trim level.

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  • Dodge Challenger insurance costs on average $3,432 per year ($286 per month) for a full coverage policy, depending on policy deductibles, trim level, and location.
  • When compared to the entire sports car segment, the Challenger ranks 20th out of 26 total comparison vehicles for the 2023 model year.
  • Drivers can find the cheapest insurance on the Challenger SXT trim level at $2,964 per year, while the Challenger SRT Super Stock has the highest rates at $3,732 per year.
  • Estimated Challenger insurance rates with some larger companies include Progressive at $3,157 per year, GEICO at $2,952, and State Farm at $3,260.

How much does Dodge Challenger insurance cost?

Insurance on a 2023 Dodge Challenger costs an average of $3,432 per year. Average cost per month is $286, but ranges from $247 to $311, depending on the trim level being insured.

The insurance cost difference between the cheapest (SXT) and most expensive (SRT Super Stock) Challenger models is significant, primarily due to the considerable difference in purchase prices. But driver age is another factor that has a major impact on insurance prices.

The next table gives an overview of average 2023 Dodge Challenger insurance rates for different driver ages. It also breaks out details for both the cheapest and most expensive Challenger models to insure.

Dodge Challenger Insurance Cost Overview
2023 Dodge Challenger
Average Insurance Cost Per Year $3,432
Insurance Cost Per Month $286
16-year-old Driver $12,409
18-year-old Driver $10,677
20-year-old Driver $6,938
25-year-old Driver $3,986
30-year-old Driver $3,652
40-year-old Driver $3,432
50-year-old Driver $3,048
60-year-old Driver $2,850
Vehicle Segment Sports Car
Segment Insurance Cost Rank 20th out of 26 Models
Cheapest Model to Insure SXT
Challenger SXT MSRP $32,140
Challenger SXT Insurance Cost $2,964
Most Expensive Model to Insure SRT Super Stock
Challenger SRT Super Stock MSRP $90,340
Challenger SRT Super Stock Insurance Cost $3,732

Data Methodology: Average cost is based on a 40-year-old male driver with a clean driving record. Other driver ages also have no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for each vehicle for that specific model year. Updated February 13, 2025

Insurance cost overview for a 2023 Dodge Challenger for drivers age 16 to 60 including the cheapest and most expensive trim levels to insure
Insurance cost overview for a 2023 Dodge Challenger for drivers age 16 to 60 including the cheapest and most expensive trim levels to insure

The physical damage deductibles you choose for comprehensive and collision coverage also affect the cost of car insurance.

Higher deductibles will make an insurance policy cheaper because you are assuming more risk (and out-of-pocket expense) if you have a covered claim.

Conversely, a low deductible makes an insurance policy more expensive, because the insurance company will have to cover more of the claim expense.

The chart below illustrates how Dodge Challenger insurance cost varies based on different physical damage coverage deductible amounts. The costs shown are per year, and vary from a low of $2,432 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest price of $8,016 each year for a 20-year-old driver with a $250 policy deductible.

Average 2023 Dodge Challenger car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2023 Dodge Challenger car insurance premiums for different driver ages and policy deductibles. Rates updated on June 26, 2025.

Get Rates in Your AreaWhy is this important?

Data Methodology: Average premiums are based on a 2023 model year Dodge Challenger. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2023 Dodge Challenger Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$5,920$493
$500$6,938$578
$250$8,016$668
30-Year-Old$1,000$3,088$257
$500$3,652$304
$250$4,240$353
40-Year-Old$1,000$2,912$243
$500$3,432$286
$250$3,972$331
50-Year-Old$1,000$2,598$217
$500$3,048$254
$250$3,514$293
60-Year-Old$1,000$2,432$203
$500$2,850$238
$250$3,288$274

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2023 Dodge Challenger. Updated June 26, 2025

The two important takeaways from this chart are:

  1. Younger drivers have more expensive car insurance rates. A 20-year-old driver will pay much higher car insurance rates on a Dodge Challenger than older age groups. Teenage drivers are the most expensive age group to insure, with average rates for both 16 and 18-year-olds shown in the previous table at $12,409 and $10,677 per year, respectively.
  2. Higher policy deductibles make car insurance cheaper. As discussed earlier, the more money you are willing to pay out-of-pocket if you have a claim, the cheaper your Challenger insurance will be.

Is Dodge Challenger insurance expensive?

When compared to other vehicles in the sports car class, insurance for a Dodge Challenger costs $918 more per year than the Ford Mustang, $456 more than the Chevrolet Camaro, $924 more than the Subaru WRX, and $614 more than the Chevrolet Corvette.

The Dodge Challenger ranks 20th out of 26 total comparison vehicles in the 2023 performance sports car segment. The Challenger costs an estimated $3,432 per year for full coverage insurance and the segment average is $3,120 annually, a difference of $312 per year.

The table below shows how Dodge Challenger insurance rates compare to other vehicles in the sports car segment.

Dodge Challenger Insurance Cost Compared to Other Sports Cars
Rank Make and Model Annual Premium Difference
1Mazda MX-5 Miata$2,104-$1,328
2Audi TT$2,364-$1,068
3BMW Z4$2,488-$944
4Subaru WRX$2,508-$924
5Ford Mustang$2,514-$918
6Nissan Z$2,554-$878
7Toyota GR Supra$2,596-$836
8Toyota GR86$2,628-$804
9BMW M2$2,646-$786
10Subaru BRZ$2,740-$692
11Chevrolet Corvette$2,818-$614
12BMW M3$2,876-$556
13Lexus RC F$2,930-$502
14Porsche 718$2,938-$494
15Chevrolet Camaro$2,976-$456
16Mercedes-Benz AMG GT53$3,170-$262
17Jaguar F-Type$3,274-$158
18Porsche Taycan$3,352-$80
19BMW M4$3,390-$42
20Dodge Challenger$3,432--
21Lexus LC 500$3,438$6
22Porsche 911$3,740$308
23Acura NSX$4,236$804
24Audi R8$4,374$942
25Mercedes-Benz SL 55$4,382$950
26Mercedes-Benz SL 63$4,664$1,232

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2023 model year. Updated June 27, 2025

At $3,432 per year, insurance cost for a 2023 Dodge Challenger ranks 20th out of 26 models in the sports car segment
At $3,432 per year, insurance cost for a 2023 Dodge Challenger ranks 20th out of 26 models in the sports car segment

If we make a broader comparison to all 2023 models instead of just the sports car segment, average insurance quotes on a Challenger are about 33.3% more expensive than the average rate for all 2023 model year vehicles of $2,452 per year.

The next table shows how the average rate for each individual car insurance coverage compares between the 2023 Dodge Challenger and all other 2023 models.

2023 Dodge Challenger vs. All Vehicles by Policy Coverage
Policy Coverage 2023 Dodge Challenger 2023 All Vehicle Average Difference
Comprehensive$792$60826.3%
Collision$1,500$1,15426.1%
Liability$796$48249.1%
Med/PIP Other$344$20849.3%
Total Policy Cost$3,432$2,45233.3%

Lower than average cost Higher than average cost

Data Methodology: Rated driver is a 40-year-old male with no driving violations or at-fault accidents in the prior three years. Coverage premiums are averaged for all trim levels available for the 2023 Dodge Challenger. Updated June 26, 2025

Comparison between a 2023 Dodge Challenger and all other 2023 model year vehicles showing the cost and cost different for each car insurance policy coverage
Comparison between a 2023 Dodge Challenger and all other 2023 model year vehicles showing the cost and cost different for each car insurance policy coverage

The Challenger has more expensive insurance rates across the board than the average vehicle, especially for liability and medical coverages.

Higher liability insurance rates are primarily due to a more frequent or severe level of bodily injury liability or property damage claims. Higher medical and PIP coverage rates are due to a higher frequency or severity of passenger injuries.

Dodge Challenger insurance rates by trim level

The cheapest trim level of Dodge Challenger to insure is the SXT at around $2,964 per year. The next cheapest model is the GT at $2,968 per year, and the third cheapest trim level to insure is the GT AWD at $3,014 per year.

At the top end of insurance cost, the three most expensive Challenger trim levels to insure are the Dodge Challenger SRT Hellcat Redeye Widebody, the SRT Super Stock, and the SRT Super Stock trim levels at $3,732, $3,732, and $3,732 per year, respectively.

The table below displays the estimated annual and semi-annual policy costs, plus the cost per month, for each Dodge Challenger model package and trim level.

2023 Dodge Challenger Insurance Rates by Trim Level
2023 Dodge Challenger Trim Level Annual Premium Cost Per Month
SXT$2,964$247
GT$2,968$247
GT AWD$3,014$251
SXT AWD$3,022$252
R/T$3,220$268
R/T Scat Pack$3,364$280
R/T Scat Pack Widebody$3,452$288
SRT Hellcat$3,604$300
SRT Jailbreak$3,632$303
SRT Hellcat Widebody$3,644$304
SRT Jailbreak Widebody$3,672$306
SRT Hellcat Redeye$3,698$308
SRT Hellcat Redeye Widebody$3,732$311
SRT Super Stock$3,732$311
SRT Super Stock$3,732$311

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated June 26, 2025

Insurance cost by trim level for a 2023 Dodge Challenger ranging from the SXT model at $2,964 per year to the SRT Super Stock model at $3,732
Insurance cost by trim level for a 2023 Dodge Challenger ranging from the SXT model at $2,964 per year to the SRT Super Stock model at $3,732

New versus used car insurance rates

Skipping the new 2023 model and instead opting for a Dodge Challenger (2013 model year for this example) with some miles on it could save $1,466 or more per year. New models have a higher replacement cost, and earlier model years are worth less due to depreciation.

The following table details the average full coverage insurance prices for a Dodge Challenger for the 2013 through 2023 model years.

Dodge Challenger Insurance Cost for 2008-2023 Models
Model Year and Vehicle Annual Premium Cost Per Month
2023 Dodge Challenger$3,432$286
2022 Dodge Challenger$3,038$253
2021 Dodge Challenger$2,876$240
2020 Dodge Challenger$2,792$233
2019 Dodge Challenger$2,556$213
2018 Dodge Challenger$2,542$212
2017 Dodge Challenger$2,380$198
2016 Dodge Challenger$2,172$181
2015 Dodge Challenger$2,182$182
2014 Dodge Challenger$2,260$188
2013 Dodge Challenger$1,966$164
2012 Dodge Challenger$1,927$161
2011 Dodge Challenger$1,888$157
2010 Dodge Challenger$1,850$154
2009 Dodge Challenger$1,813$151
2008 Dodge Challenger$1,777$148

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all Dodge Challenger trim levels for each model year. Updated June 27, 2025

Average annual premium and cost per month to insure 2008 to 2024 Dodge Challenger models
Average annual premium and cost per month to insure 2008 to 2024 Dodge Challenger models

Insuring a teenage driver

Average car insurance rates for teenagers on a 2023 Dodge Challenger range from a low of $8,204 for a 19-year-old female driver to a high of $12,409 for a 16-year-old male driver. Insuring a teen driver on an older model year Challenger will be cheaper, but the cost is still high.

The chart below shows the cost of insuring male and female drivers from ages 16 through 19 on a 2014 Dodge Challenger with full coverage and $500 physical damage deductibles.

Average cost to insure teenage drivers on a 2014 Dodge Challenger with full coverage.
Figure 2: Average cost to insure teenage drivers on a 2014 Dodge Challenger with full coverage. Rates updated on June 27, 2025.

Data Methodology: Teenage driver rates are for a 2014 model year Dodge Challenger with $500 comprehensive and collision deductibles. Rates are averaged across all U.S. states and all Dodge Challenger trim levels. Rates assume a clean driving record and no claims or at-fault accidents.

Dodge Challenger Insurance Cost for Teenage Drivers
Driver Age Male Driver Female Driver
16-Year-Old$8,466$7,886
17-Year-Old$8,071$7,813
18-Year-Old$6,988$6,524
19-Year-Old$6,450$5,373

Data Methodology: Rated teen drivers have no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium amounts are averaged for all trim levels available on the 2014 Dodge Challenger. Updated June 27, 2025

Insuring a teenager with liability-only insurance is a good way to keep costs down, but even a 2008 Dodge Challenger still has a market value ranging from about $9,000 to $15,000, depending on the condition. In the case of a total loss from an accident, hail, flood, or fire, that is quite a bit of vehicle value to just write off since the loss would not be covered by a policy with only liability insurance.

Another option to reduce the cost of insurance for teens is to raise the physical damage deductibles as high as the policy will allow, or at least to a level you can financially afford to pay in case of a loss. Higher deductibles mean the policyholder is willing to shoulder more of the loss financially, so the result is a cheaper rate.

Best insurance for a Dodge Challenger

The best insurance for a Dodge Challenger is the policy that both protects your vehicle (comprehensive and collision coverages) and also sufficiently protects your assets (liability coverage).

Any car insurance company can provide all of those coverages, but there are many differences in how each company handles claims, services your policy, or rewards you for being a safe driver.

If you want to have a local insurance agent, then not every company will qualify. Some companies primarily focus on selling car insurance via their website or app, so if a local agent is a top priority, you can rule out a lot of companies.

The size of your community is also a factor, as smaller communities often do not have agents available for many companies. Often, an independent agent may be your only choice in a smaller community or even one in a neighboring town.

We put together a list of some of the larger car insurance companies in the U.S. that can provide a wide range of coverages and also offer online options for purchasing insurance.

No insurance company is perfect, however, so we put together some pros and cons of each one to help you make an informed decision.

Progressive

Estimated Progressive car insurance rate on a 2023 Dodge Challenger: $3,157 per year

Pros

  • Offers non-owner insurance coverage for people who do not own a car
  • Progressive has optional rideshare insurance for drivers who are employed by a company like Uber or Lyft
  • Optional coverages are available like gap insurance and a vanishing deductible

Cons

  • Claim satisfaction ratings by J.D. Power are lower than average
  • Progressive tends to have above-average prices for both teenage and senior citizen drivers

Get a Quote Or read more about auto insurance coverages offered at Progressive.com

GEICO

Estimated GEICO car insurance rate on a 2023 Dodge Challenger: $2,952 per year

Pros

  • They have excellent financial ratings with agencies like Moody’s and AM Best
  • They offer perks like accident forgiveness and military discounts
  • File and track claims or make payments on the GEICO mobile app

Cons

  • Loan/lease gap insurance is not available
  • They do not offer rideshare coverage if you drive for Uber or Lyft

Get a Quote Or read more about auto insurance coverages offered at GEICO.com

State Farm

Estimated State Farm car insurance rate on a 2023 Dodge Challenger: $3,260 per year

Pros

  • The company will file SR-22 forms for drivers who need them
  • Good rates when adding a teenage driver to their parent’s policy
  • Provides non-owner insurance for people who do not own a car but still may need coverage

Cons

  • High average rates if your credit rating is poor
  • Rates are higher for drivers with major violations like a DUI or reckless driving

Get a Quote Or read more about auto insurance coverages offered at StateFarm.com

Nationwide

Estimated Nationwide car insurance rate on a 2023 Dodge Challenger: $3,398 per year

Pros

  • Nationwide has optional coverages like accident forgiveness and gap insurance
  • They generally have a low amount of customer complaints filed with state insurance departments
  • Offers a usage-based insurance rating option, SmartRide, for drivers who want to try to get a discount

Cons

  • High rates for drivers who caused an accident with injuries
  • Average rates are higher for drivers with an accident or DUI

Get a Quote Or read more about auto insurance coverages offered at Nationwide.com

Liberty Mutual

Estimated Liberty Mutual car insurance rate on a 2023 Dodge Challenger: $4,050 per year

Pros

  • Liberty Mutual offers optional coverages like gap coverage, OEM parts replacement, and new car replacement
  • Offers non-owner insurance coverage for people who do not own a car
  • Offer a usage-based insurance program called RightTrack for drivers who want to try to save some money

Cons

  • Liberty Mutual has below-average claim handling scores in recent surveys
  • Higher average rates for teen drivers

Get a Quote Or read more about auto insurance coverages offered at LibertyMutual.com

Auto-Owners

Estimated Auto-Owners car insurance rate on a 2023 Dodge Challenger: $2,711 per year

Pros

  • Decent discount if you pay your policy in full
  • Offers additional coverage like loan/lease gap coverage and roadside assistance
  • Prices are better than most for drivers with a prior accident

Cons

  • Do not insure drivers requiring an SR-22
  • High insurance rates for drivers with below-average credit
  • Only offers insurance in 26 states

Get a Quote Or read more about auto insurance coverages offered at Auto-owners.com

USAA

Estimated USAA car insurance rate on a 2023 Dodge Challenger: $2,471 per year

Pros

  • Average rates are lower for drivers with prior accidents
  • Your policy cost is the same whether you pay monthly or in full
  • If you meet their qualifications, rates are some of the lowest available

Cons

  • Savings for bundling home and auto is lower than most companies
  • Rates are above average if you’re adding a teenage driver to your policy
  • Only provides auto insurance to active military members, veterans, and their immediate families

Get a Quote Or read more about auto insurance coverages offered at USAA.com