- Dodge Challenger insurance costs on average $2,080 per year ($173 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 better than average at #11 out of 18 total comparison vehicles.
- Drivers can find the cheapest insurance on the Challenger GT Coupe trim level at $1,778 per year, while the Challenger SRT Hellcat Redeye Coupe has the highest rates at $2,592 per year.
How much does Dodge Challenger insurance cost?
Plan on paying around $2,080 annually for full coverage Dodge Challenger insurance. Cost per month ranges from $148 to $216, depending on the trim level being insured.
Broken down into individual coverages, collision insurance will cost approximately $898 a year, liability/medical costs around $712, and the remaining comprehensive is around $470.
The chart below illustrates how Dodge Challenger insurance cost varies based on the age of the driver and policy deductibles. The costs shown are per year, and vary from a low of $1,586 per year for a 60-year-old driver with $1,000 physical damage deductibles to the highest price of $4,786 each year for a 20-year-old driver with a $250 policy deductible.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
The previous chart illustrates a limited number of insurance cost values. If the chart included every rate for every driver profile and risk factor, including all eight Dodge Challenger trim levels and every zip code in the U.S., the result would yield 774,144,000,000 different insurance rates.
To further help you understand how variable insurance rates are for a Challenger, consider that a Challenger insurance policy with only liability coverage in the cheapest areas of Illinois or Vermont may be as low as $241 a year.
For the same model year of Dodge Challenger, a newly-licensed teen driver with a few tickets in specific Michigan zip codes may be required to pay as much as $18,522 a year for a policy that provides full coverage. Ouch.
Additional rates and possible policy discounts to look out for include:
- Driver gender influences rates. For a 2021 Dodge Challenger, a 20-year-old male driver pays an estimated $4,144 per year, while a 20-year-old female will pay an average of $3,070, a difference of $1,074 per year in favor of the women by a long shot. But by age 50, male rates are $1,894 and the rate for women is $1,854, a difference of only $40.
- Raising deductibles results in a cheaper policy. Bumping up your deductibles from $500 to $1,000 could save around $312 per year for a 40-year-old driver and $606 per year for a 20-year-old driver.
- Lowering deductibles results in a more expensive policy. Dropping your physical damage deductibles from $500 to $250 could cost an additional $322 per year for a 40-year-old driver and $642 per year for a 20-year-old driver.
- Obey the law to get lower insurance rates. To pay the cheapest Challenger insurance rates, it makes sense to be a safe driver. As a matter of fact, just a couple driving offenses have the consequences of raising insurance rates as much as $550 per year.
- Qualify for policy discounts to lower insurance cost. Discounts may be available if the policyholders are military or federal employees, sign their policy early, take a defensive driving course, belong to certain professional organizations, are accident-free, or many other policy discounts which could save the average driver as much as $358 per year.
- Prepare for sticker shock for high risk insurance. For a 50-year-old driver, having a tendency to get into accidents or receive violations could raise rates by $2,472 or more per year.
- Don’t be a negligent driver. Having frequent at-fault accidents will raise rates, potentially up to $2,932 per year for a 20-year-old driver and even $866 per year for a 40-year-old driver.
- Earn a discount from your choice of occupation. The large majority of car insurance companies offer policy discounts for specific occupations like architects, farmers, police officers and law enforcement, lawyers, firefighters, emergency medical technicians, and others. If you can get this discount applied to your policy, you may save between $62 and $145 on your annual Challenger insurance cost, depending on the age of the rated driver.
Is Dodge Challenger insurance cheaper than similar cars?
When compared to top-selling vehicles in the sports car class, insurance for a Dodge Challenger costs $382 more per year than the Ford Mustang, $76 more than the Chevrolet Camaro, $280 more than the Subaru WRX, and $134 more than the Chevrolet Corvette.
The Dodge Challenger ranks #11 out of 18 total comparison vehicles in the sports car class. The Challenger costs an estimated $2,080 per year for full coverage insurance and the segment average is $2,212 annually, a difference of $132 per year.
The table below shows how Dodge Challenger insurance rates compare to other vehicles in the sports car segment.
|1||Mazda MX-5 Miata||$1,388||-$692|
|13||Lexus LC 500||$2,500||$420|
Do Hellcat Challengers cost more to insure?
At the top end of insurance cost, the three most expensive Challenger trim levels to insure are the Dodge Challenger R/T Scat Pack Shaker Coupe, the SRT Hellcat Coupe, and the SRT Hellcat Redeye Coupe trim levels at $2,132, $2,408, and $2,592 per year, respectively.
The cheapest trim level of Dodge Challenger to insure is the GT Coupe at around $1,778 per year. The next cheapest model is the GT AWD at $1,824 per year, and the third cheapest trim level to insure is the SXT Coupe at $1,902 per year.
The addition of the Hellcat engine option to the Challenger definitely raises the average overall insurance rate. Without it, rates would average about $150 per year less at around $1,930. That would put the Challenger in the top ten sports cars for insurance affordability.
The table below displays the estimated annual and semi-annual policy costs, plus a monthly amount for budgeting, for each Dodge Challenger model package and trim level.
|Dodge Challenger Trim Level||Annual Policy||6-month Policy||Per Month|
|R/T Scat Pack Shaker Coupe||$2,132||$1,066||$178|
|SRT Hellcat Coupe||$2,408||$1,204||$201|
|SRT Hellcat Redeye Coupe||$2,592||$1,296||$216|
How much is insurance on a used Challenger?
Skipping the new 2021 model and instead opting for a Dodge Challenger (2013 model year for this example) with some miles on it could save $506 or more per year. New models have a higher replacement cost, and earlier model years are worth less due to depreciation.
The next table details average full coverage insurance for a Dodge Challenger for the 2013 through 2021 model years.
|Model Year and Vehicle||Annual Rate||6-month Rate||Monthly Rate|
|2021 Dodge Challenger||$2,080||$1,040||$173|
|2020 Dodge Challenger||$2,032||$1,016||$169|
|2019 Dodge Challenger||$1,834||$917||$153|
|2018 Dodge Challenger||$1,872||$936||$156|
|2017 Dodge Challenger||$1,790||$895||$149|
|2016 Dodge Challenger||$1,660||$830||$138|
|2015 Dodge Challenger||$1,678||$839||$140|
|2014 Dodge Challenger||$1,828||$914||$152|
|2013 Dodge Challenger||$1,574||$787||$131|
|2012 Dodge Challenger||$1,543||$771||$129|
|2011 Dodge Challenger||$1,512||$756||$126|
|2010 Dodge Challenger||$1,481||$741||$123|
|2009 Dodge Challenger||$1,452||$726||$121|
|2008 Dodge Challenger||$1,423||$711||$119|
How much is Dodge Challenger insurance for teenagers?
Average car insurance rates for teenagers on a 2021 Dodge Challenger range from a low of $5,280 for a 19-year-old female driver to a high of $7,572 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 age 16 through 19 on a 2014 Dodge Challenger with full coverage and $500 physical damage deductibles.
|Teen Driver Gender||Age 16||Age 17||Age 18||Age 19|
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.