Best Insurance for a Dodge Viper in New Orleans

If you want to save the most money, the best way to get cheaper Dodge Viper insurance in New Orleans is to compare prices at least once a year from providers in Louisiana.

1. Try to learn about auto insurance and the measures you can control to prevent expensive coverage. Many things that increase rates like at-fault accidents, speeding tickets, and an unfavorable credit rating can be remedied by making lifestyle changes or driving safer.
2. Compare prices from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while independent agencies can provide price quotes from multiple companies. Select a company
3. Compare the new quotes to your current policy premium to determine if switching companies saves money. If you can save some money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.

A good piece of advice is to use the same amount of coverage on every quote request and and to get rates from as many different insurance providers as possible. Doing this ensures a level playing field and a good representation of prices.

It’s an obvious statement that auto insurance companies don’t want you quoting rates from other companies. People who shop around are very likely to switch to a new company because of the good chance of getting low-cost coverage. A recent study showed that consumers who shopped around saved $3,450 over four years compared to those who never shopped for cheaper rates.

If finding the cheapest price for Dodge Viper insurance in New Orleans is the reason you’re here, understanding the best ways to shop for coverages can save money and time.

Getting cheaper Dodge Viper car insurance pricing is not a difficult process. The only requirement is to take a couple of minutes to get quotes to find the company with the cheapest Dodge Viper rate quotes.

It’s so simple to compare car insurance price quotes online replaces the need to make phone calls or go to each insurance agency near you. Quoting and buying Dodge Viper insurance online eliminates the need for an insurance agent unless you’re the type of person who wants the guidance only provided by licensed New Orleans agents. You can, however, price shop online but have a local agent actually write the policy.

The companies shown below have been selected to offer price comparisons in Louisiana. If multiple companies are listed, we recommend you click on several of them to get the best price comparison.

Choosing Dodge Viper insurance is an important decision

Despite the fact that auto insurance is not cheap in New Orleans, insuring your vehicle is required by state law in Louisiana and it also provides benefits you may not be aware of.

• The majority of states have mandatory liability insurance requirements which means state laws require a specific level of liability protection in order to get the vehicle licensed. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Dodge Viper, it’s most likely the lender will make it a condition of the loan that you carry insurance to guarantee payment of the loan. If the policy lapses, the lender will be forced to insure your Dodge at a much higher rate and make you pay the higher price.
• Insurance safeguards not only your car but also your financial assets. It will also reimburse you for medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If your Dodge gets damaged, your policy will pay to repair the damage.

The benefits of having auto insurance more than cancel out the cost, especially if you ever need it. Unknowingly, the average driver overpays more than $700 annually so it’s very important to do a rate comparison at least once a year to be sure current rates are still competitive.

Rates and statistics

The premium table shown next covers different insurance coverage prices for Dodge Viper models. Understanding more about how insurance quotes are formulated is important for you to make informed decisions when comparing rate quotes.

Data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Table data does not factor in specific garaging location which can influence rates noticeably.

Should you raise deductibles?

One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The premium rates below sum up the rate difference of buying low and high comp and collision deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in garaging location in New Orleans which can affect coverage rates greatly.

Based on this data, using a $250 deductible costs approximately $34 more each month or $408 every year than buying the higher $500 deductible. Because you would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 7 months between claim filings, you would save money if you elect the higher deductible.

Rate comparison of full coverage and liability-only

The diagram below illustrates the difference between Dodge Viper car insurance costs with full coverage compared to only the Louisiana minimum liability coverage. The data is based on no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There isn’t a written rule to drop full coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s say your Dodge Viper book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying the physical damage deductible. If it’s costing you more than $200 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are a few cases where dropping full coverage is not advised. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Lower rates by qualifying for discounts

Insurance is not cheap nor is it fun to buy but there’s a good chance there are discounts that could drop your premiums quite a bit. Some discounts will apply when you quote, but some need to be inquired about before you get the savings. If you’re not getting every credit you qualify for, you could be getting lower rates.

• Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn lower insurance rates if you buy a life policy as well.
• Smart Student Discounts – Excelling in school can get you a discount of up to 25%. The discount lasts until age 25.
• Savings for New Vehicles – Insuring a new Viper is cheaper because new vehicles are generally safer.
• Defensive Driver Discount – Passing a class that teaches defensive driver techniques is a good idea and can lower rates and also improve your driving technique.
• Multiple Vehicles – Having more than one vehicle on a single policy qualifies for this discount.
• Theft Deterrent Discount – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and that can save you a little bit as well.
• Resident Student – Any of your kids who are attending college and won’t have access to an insured vehicle may be insured at a cheaper rate.

Policy discounts save money, but most credits do not apply to the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that adding up those discounts means a free policy, insurance companies aren’t that generous.

The chart below shows the difference between Dodge Viper car insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no claims or violations, Louisiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, claim-free, and multi-policy discounts applied.

Companies and some of the discounts are included below.

• Farm Bureau discounts include multi-vehicle, safe driver, 55 and retired, youthful driver, renewal discount, and driver training.
• MetLife has discounts for accident-free, good student, claim-free, defensive driver, multi-policy, and good driver.
• Progressive may offer discounts for good student, online signing, multi-policy, continuous coverage, and online quote discount.
• AAA includes discounts for pay-in-full, education and occupation, multi-car, AAA membership discount, good driver, multi-policy, and anti-theft.
• American Family offers premium reductions for Steer into Savings, bundled insurance, accident-free, good driver, and multi-vehicle.
• GEICO may include discounts for anti-theft, driver training, military active duty, five-year accident-free, daytime running lights, and seat belt use.
• State Farm has savings for Drive Safe & Save, Steer Clear safe driver discount, student away at school, multiple policy, good student, driver’s education, and accident-free.

Check with each insurance company the best way to save money. Some discounts may not apply everywhere. To locate insurance companies with the best discounts in Louisiana, click here.

Do I need an insurance agency?

Some people would prefer to go talk to an agent and often times that is recommended Good agents can help determine the best coverages and help file insurance claims. A good thing about getting free rate quotes online is you may find the best rates and still have an agent to talk to. And buying from neighborhood agents is especially important in New Orleans.

Once you complete this quick form, your coverage information is instantly submitted to local insurance agents in New Orleans who will gladly provide quotes for your business. There is no need to visit any agencies since price quotes are sent immediately to you. If for some reason you want to get a comparison quote from a specific company, you just need to visit that company’s website and give them your coverage information.

Exclusive and independent New Orleans car insurance agents

If you are wanting to purchase auto insurance from a reliable insurance agency, there are two types of insurance agents that you can choose from. Agents in New Orleans can be categorized as either independent or exclusive depending on the company they work for. Either type can write auto insurance policies, but it’s important to point out how they differ since it could factor into which type of agent you select.

Independent Auto Insurance Agents

These agents are not restricted to one company so they have the ability to put coverage with any number of different companies and get the cheapest rates. If your premiums go up, your agent can switch companies which requires no work on your part.

When comparing rates, we recommend you compare quotes from multiple independent agents so that you have a good selection of quotes to compare.

Shown below is a small list of independent insurance agents in New Orleans that may be able to give competitive price quotes.

More insurance agents

Exclusive Agencies

Agents that elect to be exclusive are contracted to one company such as Allstate, State Farm and Farmers Insurance. Exclusive agents cannot shop your coverage around so you need to shop around if the rates are high. Exclusive insurance agents are usually quite knowledgeable in insurance sales and that can be a competitive advantage.

Shown below are New Orleans exclusive insurance agencies willing to provide comparison quotes.

More insurance agents

Finding the right auto insurance agent shouldn’t rely on just the price. The answers to these questions are important, too.

• Will you work with the agent or an assistant?
• What company holds the largest book of business for them?
• How much will you save each year by using a higher deductible?
• How long has their agency been open in New Orleans?
• Will one accident increase rates?
• Are claim adjusters local or do you have to take your car somewhere else?

If you feel you receive reasonable responses as well as inexpensive Dodge Viper insurance in New Orleans quotes, you have narrowed it down to an insurance agency that is a good match to properly insure your vehicles. Keep in mind you have the power to terminate coverage at any time so never assume you are locked into a specific company with no way out.

Persistence will pay off

When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. Too many times, an insured cut full coverage and learned later that the few dollars in savings costed them thousands. The goal is to get the best coverage possible at the lowest possible cost but still have enough coverage for asset protection.

We’ve covered a lot of ways to get a better price on Dodge Viper insurance in New Orleans. The most important thing to understand is the more price quotes you have, the better your chances of lowering your car insurance rates. Drivers may even discover the lowest rates come from a small local company. Smaller companies can often provide lower car insurance rates in certain areas compared to the large companies like State Farm, GEICO and Nationwide.

For more information, link through to the resources below:

• Top Signs Your Brakes are Giving Out (State Farm)
• What Car Insurance is Cheapest for Single Moms in New Orleans? (FAQ)
• Who Has Cheap New Orleans Auto Insurance for High Mileage Drivers? (FAQ)
• What Auto Insurance is Cheapest for Used Cars in New Orleans? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for High Risk Drivers in New Orleans? (FAQ)
• Who Has Affordable Auto Insurance Rates for a Nissan Sentra in New Orleans? (FAQ)
• Driving in Bad Weather (Insurance Information Institute)
• Understanding your Policy (NAIC.org)
• Neck Injury FAQ (iihs.org)
• What are my Rights when Filing a Claim? (Insurance Information Institute)