Affordable Insurance for a Chrysler 300 in Irvine

Insurance quote for Chrysler 300 in IrvineTrying to find the cheapest insurance for a new or used Chrysler 300 in California could be a lot of work, but you can learn these tips and make it easy. There are both good and bad ways to buy car insurance and you need to know the quickest way to price shop coverage for a Chrysler and locate the best price possible either online or from Irvine insurance agents.

If you have a current car insurance policy or just want to save money, you can follow these tips to get lower rates without reducing coverage. Shopping for the best-priced policy in Irvine is not as time-consuming as you think. Smart shoppers only have to learn the quickest way to quote multiple rates from many different companies online.

Insurance coverage details

The rate table displayed below covers a range of insurance policy prices for Chrysler 300 models. Being aware of how insurance premiums are formulated can be of help when making informed decisions when shopping around for a new policy.


Chrysler 300 Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
300 Touring 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Plus 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring AWD 4-Dr $314 $546 $442 $26 $132 $1,460 $122
300 S V6 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Signature 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Executive 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Signature AWD 4-Dr $348 $630 $442 $26 $132 $1,578 $132
300 Limited 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
300 C 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
300 S V8 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
300 Limited AWD 4-Dr $348 $630 $442 $26 $132 $1,578 $132
300 C AWD 4-Dr $348 $630 $442 $26 $132 $1,578 $132
300 SRT-8 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Prices do not factor in your specific Irvine location which can modify coverage prices noticeably.

Car insurance deductibles

One of the most common car insurance questions is how high or low should comp and collision deductibles be. The data tables below show the costs and benefits between low and high insurance deductibles. The first set of rates uses a $250 deductible and the second rate table uses a $500 deductible.


Chrysler 300 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
300 Touring 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
300 Touring Plus 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
300 Touring AWD 4-Dr $386 $678 $442 $26 $132 $1,689 $141
300 S V6 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
300 Touring Signature 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
300 Touring Executive 4-Dr Sedan $386 $678 $442 $26 $132 $1,689 $141
300 Touring Signature AWD 4-Dr $430 $780 $442 $26 $132 $1,835 $153
300 Limited 4-Dr Sedan $430 $780 $442 $26 $132 $1,835 $153
300 C 4-Dr Sedan $430 $780 $442 $26 $132 $1,835 $153
300 S V8 4-Dr Sedan $430 $780 $442 $26 $132 $1,835 $153
300 Limited AWD 4-Dr $430 $780 $442 $26 $132 $1,835 $153
300 C AWD 4-Dr $430 $780 $442 $26 $132 $1,835 $153
300 SRT-8 4-Dr Sedan $430 $780 $442 $26 $132 $1,835 $153
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Chrysler 300 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
300 Touring 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Plus 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring AWD 4-Dr $314 $546 $442 $26 $132 $1,460 $122
300 S V6 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Signature 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Executive 4-Dr Sedan $314 $546 $442 $26 $132 $1,460 $122
300 Touring Signature AWD 4-Dr $348 $630 $442 $26 $132 $1,578 $132
300 Limited 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
300 C 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
300 S V8 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
300 Limited AWD 4-Dr $348 $630 $442 $26 $132 $1,578 $132
300 C AWD 4-Dr $348 $630 $442 $26 $132 $1,578 $132
300 SRT-8 4-Dr Sedan $348 $630 $442 $26 $132 $1,578 $132
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location which can impact price quotes significantly.

We can estimate from the data above that using a $250 deductible costs approximately $20 more each month or $240 every year than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average more than 13 months between claims, you would save money by selecting a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $250 deductibles: $147
Average monthly premium for $500 deductibles (subtract): – $127
Monthly savings from raising deductible: $20
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One important issue to know is that a higher deductible level means you will have to pay more out-of-pocket when you have a physical damage claim. You must have some extra savings in the event you have to pay the deductible to have repairs made.

Impact of citations and accidents on insurance rates

The chart below illustrates how violations and at-fault fender-benders can impact Chrysler 300 insurance costs for different age groups. The price estimates are based on a single male driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

Chrysler 300 insurance rates by gender in Irvine

The diagram below illustrates the comparison of Chrysler 300 insurance costs for male and female drivers. The rate quotes are based on a clean driving record, no claims, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no discounts are applied.

Difference between liability only and full coverage rates

The example below visualizes the comparison of Chrysler 300 insurance costs with full physical damage coverage and with liability coverage only. The costs are based on no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no exact formula of when to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Chrysler 300 claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after paying the physical damage deductible. If you are paying in excess of $400 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some cases where buying only liability insurance is not recommended. If you still owe money on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Learn about car insurance coverages for a Chrysler 300

Understanding the coverages of your policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Uninsured Motorist or Underinsured Motorist insurance

This provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Chrysler 300.

Since a lot of drivers only purchase the least amount of liability that is required (15/30/5), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Liability

Liability insurance protects you from damage or injury you incur to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 15/30/5 that means you have $15,000 bodily injury coverage, $30,000 for the entire accident, and $5,000 of coverage for damaged property.

Liability coverage pays for things like repair costs for stationary objects, medical services, pain and suffering and court costs. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible. California requires drivers to carry at least 15/30/5 but it’s recommended drivers buy more liability than the minimum.

The chart below demonstrates why buying the state minimum limits may not be enough.

Collision insurance

This coverage pays for damage to your 300 caused by collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like rolling your car, sideswiping another vehicle and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible on your 300 to save money on collision insurance.

Insurance for medical payments

Med pay and PIP coverage reimburse you for immediate expenses for things like ambulance fees, funeral costs, prosthetic devices, nursing services and surgery. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover all vehicle occupants and also covers being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as hail damage, damage from a tornado or hurricane, fire damage and falling objects. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

You can find affordable coverage

When searching for cheaper Irvine auto insurance quotes, it’s very important that you do not skimp on coverage in order to save money. There are many occasions where someone dropped full coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

Insureds who switch companies do it for any number of reasons including policy cancellation, high prices, being labeled a high risk driver and even policy non-renewal. Regardless of your reason, switching insurance companies is not as difficult as it may seem.

In this article, we covered a lot of information how to save on Chrysler 300 insurance in Irvine. The most important thing to understand is the more quotes you get, the better your chances of lowering your rates. You may even find the best prices are with a small mutual company.

How to find affordable quotes for Chrysler 300 insurance in Irvine

If you want to save the most money, the best way to get budget Chrysler 300 insurance in Irvine is to compare prices regularly from providers who provide car insurance in California. This can be done by following these steps.

Step 1: It will benefit you to learn about car insurance and the measures you can control to keep rates in check. Many risk factors that increase rates such as careless driving and a lousy credit rating can be eliminated by making minor driving habit or lifestyle changes.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive and State Farm, while agents who are independent can give you price quotes for a wide range of companies.

Step 3: Compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find a better price and decide to switch, verify that coverage does not lapse between policies.

One key aspect of rate comparisons is to make sure you enter identical limits and deductibles on every quote request and and to get price estimates from as many car insurance companies as possible. Doing this enables the most accurate price comparison and plenty of rates choose from.

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