- Dodge Challenger insurance costs on average $2,660 per year ($222 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 21st out of 26 total comparison vehicles for the 2023 model year.
- Drivers can find the cheapest insurance on the Challenger SXT trim level at $2,302 per year, while the Challenger SRT Super Stock has the highest rates at $2,894 per year.
- Estimated Challenger insurance rates with some larger companies include Progressive at $2,447 per year, GEICO at $2,288, and State Farm at $2,527.
How much does Dodge Challenger insurance cost?
Insurance on a 2023 Dodge Challenger costs an average of $2,660 per year. Average cost per month is $222, but ranges from $192 to $241, 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.
| 2023 Dodge Challenger | |
|---|---|
| Average Insurance Cost Per Year | $2,660 |
| Insurance Cost Per Month | $222 |
| 16-year-old Driver | $9,664 |
| 18-year-old Driver | $8,404 |
| 20-year-old Driver | $5,306 |
| 25-year-old Driver | $3,873 |
| 30-year-old Driver | $2,794 |
| 40-year-old Driver | $2,660 |
| 50-year-old Driver | $2,428 |
| 60-year-old Driver | $2,378 |
| Vehicle Segment | Sports Car |
| Segment Insurance Cost Rank | 21st out of 26 Models |
| Cheapest Model to Insure | SXT |
| Challenger SXT MSRP | $32,140 |
| Challenger SXT Insurance Cost | $2,302 |
| Most Expensive Model to Insure | SRT Super Stock |
| Challenger SRT Super Stock MSRP | $90,340 |
| Challenger SRT Super Stock Insurance Cost | $2,894 |
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 $2,026 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest price of $6,132 each year for a 20-year-old driver with a $250 policy deductible.
The two important takeaways from this chart are:
- 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 $9,664 and $8,404 per year, respectively.
- 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 $746 more per year than the Ford Mustang, $350 more than the Chevrolet Camaro, $712 more than the Subaru WRX, and $484 more than the Chevrolet Corvette.
The Dodge Challenger ranks 21st out of 26 total comparison vehicles in the 2023 performance sports car segment. The Challenger costs an estimated $2,660 per year for full coverage insurance and the segment average is $2,412 annually, a difference of $248 per year.
The table below shows how Dodge Challenger insurance rates compare to other vehicles in the sports car segment.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,630 | -$1,030 |
| 2 | Audi TT | $1,828 | -$832 |
| 3 | Ford Mustang | $1,914 | -$746 |
| 4 | BMW Z4 | $1,928 | -$732 |
| 5 | Subaru WRX | $1,948 | -$712 |
| 6 | Nissan Z | $1,978 | -$682 |
| 7 | Toyota GR Supra | $2,010 | -$650 |
| 8 | Toyota GR86 | $2,034 | -$626 |
| 9 | BMW M2 | $2,036 | -$624 |
| 10 | Subaru BRZ | $2,128 | -$532 |
| 11 | Chevrolet Corvette | $2,176 | -$484 |
| 12 | BMW M3 | $2,224 | -$436 |
| 13 | Lexus RC F | $2,270 | -$390 |
| 14 | Porsche 718 | $2,272 | -$388 |
| 15 | Chevrolet Camaro | $2,310 | -$350 |
| 16 | Mercedes-Benz AMG GT53 | $2,448 | -$212 |
| 17 | Jaguar F-Type | $2,534 | -$126 |
| 18 | Porsche Taycan | $2,590 | -$70 |
| 19 | BMW M4 | $2,622 | -$38 |
| 20 | Lexus LC 500 | $2,652 | -$8 |
| 21 | Dodge Challenger | $2,660 | -- |
| 22 | Porsche 911 | $2,890 | $230 |
| 23 | Acura NSX | $3,268 | $608 |
| 24 | Audi R8 | $3,378 | $718 |
| 25 | Mercedes-Benz SL 55 | $3,382 | $722 |
| 26 | Mercedes-Benz SL 63 | $3,600 | $940 |
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 $1,900 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.
| Policy Coverage | 2023 Dodge Challenger | 2023 All Vehicle Average | Difference |
|---|---|---|---|
| Comprehensive | $610 | $468 | 26.3% |
| Collision | $1,152 | $886 | 26.1% |
| Liability | $630 | $382 | 49% |
| Med/PIP Other | $268 | $164 | 48.1% |
| Total Policy Cost | $2,660 | $1,900 | 33.3% |
Lower than average cost Higher than average cost
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 $2,302 per year. The next cheapest model is the GT at $2,302 per year, and the third cheapest trim level to insure is the GT AWD at $2,338 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 $2,894, $2,894, and $2,894 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.
| Dodge Challenger Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| SXT | $2,302 | $1,151 | $192 |
| GT | $2,302 | $1,151 | $192 |
| GT AWD | $2,338 | $1,169 | $195 |
| SXT AWD | $2,348 | $1,174 | $196 |
| R/T | $2,498 | $1,249 | $208 |
| R/T Scat Pack | $2,610 | $1,305 | $218 |
| R/T Scat Pack Widebody | $2,678 | $1,339 | $223 |
| SRT Hellcat | $2,796 | $1,398 | $233 |
| SRT Jailbreak | $2,816 | $1,408 | $235 |
| SRT Hellcat Widebody | $2,824 | $1,412 | $235 |
| SRT Jailbreak Widebody | $2,848 | $1,424 | $237 |
| SRT Hellcat Redeye | $2,868 | $1,434 | $239 |
| SRT Hellcat Redeye Widebody | $2,894 | $1,447 | $241 |
| SRT Super Stock | $2,894 | $1,447 | $241 |
| SRT Super Stock | $2,894 | $1,447 | $241 |
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 $1,034 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.
| Model Year and Vehicle | Annual Rate | 6-month Rate | Monthly Rate |
|---|---|---|---|
| 2023 Dodge Challenger | $2,660 | $1,330 | $222 |
| 2022 Dodge Challenger | $2,356 | $1,178 | $196 |
| 2021 Dodge Challenger | $2,232 | $1,116 | $186 |
| 2020 Dodge Challenger | $2,202 | $1,101 | $184 |
| 2019 Dodge Challenger | $2,026 | $1,013 | $169 |
| 2018 Dodge Challenger | $2,050 | $1,025 | $171 |
| 2017 Dodge Challenger | $1,920 | $960 | $160 |
| 2016 Dodge Challenger | $1,796 | $898 | $150 |
| 2015 Dodge Challenger | $1,810 | $905 | $151 |
| 2014 Dodge Challenger | $1,880 | $940 | $157 |
| 2013 Dodge Challenger | $1,626 | $813 | $136 |
| 2012 Dodge Challenger | $1,593 | $797 | $133 |
| 2011 Dodge Challenger | $1,562 | $781 | $130 |
| 2010 Dodge Challenger | $1,530 | $765 | $128 |
| 2009 Dodge Challenger | $1,500 | $750 | $125 |
| 2008 Dodge Challenger | $1,470 | $735 | $122 |
Insuring a teenage driver
Average car insurance rates for teenagers on a 2023 Dodge Challenger range from a low of $6,748 for a 19-year-old female driver to a high of $9,664 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.
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: $2,447 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: $2,288 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: $2,527 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: $2,633 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: $3,139 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: $2,101 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: $1,915 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
