Dodge Charger Insurance Cost for 2025: EV 350, 440, and SRT Banshee

• Average Dodge Charger insurance cost is $3,450 per year, or $288 per month for full coverage.
• The Dodge Charger 340 is the cheapest to insure at around $3,300 per year. The most expensive trim is the SRT Banshee at $3,610 per year.
• When compared to all other vehicles from the 2024 model year, the 2024 Dodge Charger costs 29.2% more to insure than the 2024 model year rate of $2,572 per year.
• In a comparison of large U.S. insurance companies, USAA, Progressive, and GEICO had some of the best Charger insurance rates.

Dodge Charger EV insurance rates

Dodge Charger insurance costs an average of $3,450 per year for a full coverage policy, which is about $288 each month. Monthly payments range from $275 to $301 depending on the trim level being insured.

Comprehensive insurance will cost around $784 a year, liability/medical (or PIP) coverage averages $1,080, and the remaining collision coverage will cost around $1,586.

The table below shows how the 2024 Charger compares to all other 2024 models for the average cost of each coverage included on a full-coverage car insurance policy.

Based on the data from the table, insurance on a 2024 Dodge Charger averages 29.2% more than the average rate for 2024 model year vehicles of $2,572 per year.

Rates are higher for all policy coverages, especially for liability and medical coverages. Keep in mind that these rates are averaged for all 2024 Charger trim levels.

Vehicle trim level has a significant impact on car insurance rates, which we will discuss in detail in the next section. But there are other factors that can also dramatically affect the cost when insuring a Charger.

Driver age is one of the biggest things that can drive up insurance prices. Younger drivers, especially on a higher-performance vehicle like the Charger, pay much higher insurance rates than more mature drivers.

The deductibles you choose for physical damage coverage (comprehensive and collision) are another factor that affects prices. High deductibles mean you are willing to pay more out-of-pocket if you have a covered claim, so the premiums for physical damage coverage are lower.

Conversely, if you want to pay less if you have a claim (a low deductible) then you’ll pay higher policy premiums for that luxury.

The following infographic breaks down average car insurance rates on a 2024 Dodge Charger with a variety of policy scenarios.

Younger drivers pay higher rates when compared to more mature drivers, low-deductible policies are more expensive, and safe drivers pay less than drivers requiring high-risk insurance.

These are important points to ponder if you’re trying to lower the cost of insurance on your Charger. Obviously, you cannot change your age if you’re paying higher rates as a younger driver, but policy deductibles and how you drive are choices that directly affect the cost of insurance.

What is the cheapest Dodge Charger insurance?

With Dodge Charger car insurance rates ranging from $3,300 to $3,610 annually for an average driver, the cheapest trim level to insure is the Charger 340. The second cheapest model to insure is the Charger 440 at $3,444 per year.

On average, plan on a starting budget of $275 per month for full coverage insurance on a 2024 Dodge Charger. This amount depends on factors like where you live, your age, your driving record, and other details, however. So the rate you actually pay can be more or less than the average rate.

On the high end of the cost spectrum, the highest cost Charger trim level to insure is the SRT Banshee at $3,444 and $3,610 per year.

The next table displays average annual and 6-month policy costs, including a monthly budget amount, for each 2024 Dodge Charger trim level.

As with most vehicles, the more it costs, the more it will cost to insure it. The Charger is no exception to this rule, as the $50,000 340 is the cheapest to insure while the $90,000 SRT Banshee is the most expensive to insure.

Dodge Charger insurance rates compared to other models

Up to this point, insurance on a 2024 Charger seems pretty expensive. But how does it compare to other models?

The Charger is unique in the fact that there are not many four-door performance vehicles, so we picked models that maybe have four doors and maybe have higher-than-average performance, but probably not both.

The chart below shows where the Charger ranks in comparison to those vehicles. The average insurance rate for a 2024 Dodge Charger is shown in orange.

This chart pretty much confirms that insurance on the Charger is going to be higher than most other models, with the exception of luxury performance vehicles.

The highest-priced model to insure in the chart is the Dodge Challenger, and we have a comprehensive comparison of Charger vs. Challenger insurance rates.

How to find the best Charger insurance

Finding affordable Charger insurance may be a bit of a challenge due to its higher-than-average car insurance rates.

However, one of the best ways to keep rates as low as possible is to shop around and compare quotes from different insurance companies.

We recommend making a habit of comparing rates once a year and also comparing price quotes from a minimum of five different companies. The more quotes you get, the better chance you have of saving money when insuring your Charger.

In a comparison of some of the larger auto insurance companies in the U.S., we found the best Charger insurance rates were with USAA at $2,625 per year. Progressive was next cheapest at $2,860 per year.

Unfortunately, if you’re not active military, a veteran, or a family member of one of those, then USAA is not an option for you.

Progressive and GEICO are both solid choices, and your rates may be cheaper than those shown just depending on the type of Charger you drive and your location.

To get rates where you live, simply enter your Zip Code in the form under the chart and click the ‘GO’ button.

Dodge Charger prior model year insurance rates

The following sections detail Dodge Charger insurance rates for every trim level since the 2013 model year. Rates for the 2024 model are detailed earlier in this article.

2023 Dodge Charger average insurance rates

A 2023 Dodge Charger averages $3,242 per year to insure, or around $270 per month. Rates range from $2,862 per year for the Charger SXT to $3,594 for the Charger SRT Hellcat Redeye Widebody Jailbreak.

2022 Dodge Charger average insurance rates

Average rates for a 2022 Dodge Charger are $3,038 per year, or $253 per month. Rates range from $2,692 per year for the Charger SXT to $3,408 for the Charger SRT Jailbreak.

2021 Dodge Charger average insurance rates

Average car insurance rates for a 2021 Dodge Charger are $2,874 per year, or around $240 per month. Rates range from $2,644 per year for the Charger SXT Sedan to $3,438 for the Charger SRT Hellcat Sedan.

2020 Dodge Charger average insurance rates

Average car insurance rates for a 2020 Dodge Charger are $2,790 per year, or around $233 per month. Rates range from $2,568 per year for the Charger SXT Sedan to $3,330 for the Charger SRT Hellcat Sedan.

2019 Dodge Charger average insurance rates

Insurance rates for a 2019 Dodge Charger average $2,526 per year, or about $211 per month. Rates range from $2,328 per year for the Charger SXT Sedan to $3,038 for the Charger SRT Hellcat Sedan.

2018 Dodge Charger average insurance rates

2018 Dodge Charger car insurance rates average $2,424 per year, or around $202 per month. Cost ranges from $2,228 per year for the Charger SXT Sedan to $2,894 for the Charger SRT Hellcat Sedan.

2017 Dodge Charger average insurance rates

A 2017 Dodge Charger averages $2,326 per year for full coverage car insurance, or around $194 per month. Rates range from $2,106 per year for the Charger SE Sedan to $2,776 for the Charger SRT Hellcat Sedan.

2016 Dodge Charger average insurance rates

Average insurance cost for a 2016 Dodge Charger is $2,186 per year, or around $182 per month. Rates range from $1,994 per year for the Charger SE Sedan to $2,606 for the Charger SRT Hellcat Sedan.

2015 Dodge Charger average insurance rates

Insurance rates average $2,088 per year for a 2015 Dodge Charger, or around $174 per month. Rates range from $1,928 per year for the Charger SE Sedan to $2,462 for the Charger SRT Hellcat Sedan.

2014 Dodge Charger average insurance rates

Average insurance cost for a 2014 Dodge Charger is $2,102 per year, or around $175 per month. Rates range from $2,008 per year for the Charger SE Sedan to $2,296 for the Charger SRT8 Sedan.

2013 Dodge Charger average insurance rates

Insurance rates for a 2013 Dodge Charger average $1,958 per year, or about $163 per month. Rates range from $1,848 per year for the Charger SE Sedan to $2,094 for the Charger Superbee Sedan.