It takes a few minutes, but the best way to find cheaper prices for car insurance rates is to make a habit of comparing prices annually from insurers who provide auto insurance in Oakland. You can shop around by completing these steps.
- Step 1: Read about what coverages are included in your policy and the factors you can control to drop your rates. Many rating criteria that increase rates such as high-risk driving behaviors and an imperfect credit history can be eliminated by making minor driving habit or lifestyle changes. Later in this article we will cover ideas to prevent expensive rate increases and find possible discounts that are available.
- Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from one company like Progressive and State Farm, while independent agencies can give you price quotes from multiple sources.
- Step 3: Compare the new quotes to your current policy to see if a cheaper price is available in Oakland. If you can save money, make sure the effective date of the new policy is the same as the expiration date of the old one.
An essential thing to point out is to try to use the same coverage limits and deductibles on each price quote and and to get price quotes from as many carriers as you can. This ensures an apples-to-apples comparison and a complete price analysis.
Shocking but true, about 70% of customers have remained with the same car insurance company for more than four years, and practically 40% of car insurance customers have never taken the time to shop around. The average driver in Oakland could save an average of roughly $470 each year by just comparing rate quotes, but they just assume it’s a time-consuming process to compare rate quotes.
If you have a current insurance policy, you will definitely be able to lower your rates using the tips covered below. Finding the cheapest insurance coverage in Oakland is easy if you know what you’re doing. But California car owners must comprehend the way companies price online insurance because rates are impacted by many factors.
The are a couple different ways to compare quotes from many insurance companies in California. The quickest method to find cheaper Dodge Viper rates is to use the internet to compare rates.
It’s so easy to compare rate quotes online that it makes it a waste of time to go to all the different Oakland insurance agencies. Shopping for insurance online reduces the need to sit down with an agent unless you want the professional advice of a local Oakland agent. You can, however, price shop online but still have the advice of a local agent.
When comparing insurance rates, know that having more price comparisons increases your odds of finding more affordable insurance.
The following companies provide quotes in California. If you want to find cheaper auto insurance in CA, it’s highly recommended you visit several of them in order to find the cheapest rates.
Auto insurance statistics and figures
The rate information shown below outlines a range of insurance premium costs for Dodge Viper models. Learning more about how car insurance prices are calculated can help guide drivers when making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Viper SRT/10 2-Dr Coupe | $768 | $1544 | $578 | $34 | $174 | $3,098 | $258 |
| Viper SRT/10 2-Dr Roadster | $768 | $1544 | $578 | $34 | $174 | $3,098 | $258 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Price estimates do not factor in specific location information which can alter price quotes noticeably.
The chart below illustrates how choosing a deductible and can affect Dodge Viper insurance premiums for each different age category. The data is based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Tickets and at-fault accidents raise rates
The chart below illustrates how violations and at-fault claims impact Dodge Viper yearly insurance costs for different age groups. The rates are based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
Auto insurance rates based on gender in Oakland
The information below illustrates the comparison of Dodge Viper car insurance costs for male and female drivers. The prices are based on no accidents, no driving violations, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are factored in.
Dodge Viper full coverage rates compared to liability only
The example below visualizes the comparison of Dodge Viper auto insurance rates when comparing full coverage to liability only. The premium estimates are based on no accidents or driving violations, $250 deductibles, single status, and no other discounts are factored in.
Should you pay for full coverage?
There is no specific rule of when to stop paying for full coverage, but there is a general school of thought. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your Dodge Viper replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after the deductible is paid. If you are paying more than $500 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where removing full coverage is not a good idea. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Why you need auto insurance
Despite the high cost of buying insurance for a Dodge Viper in Oakland, paying for auto insurance serves a purpose in several ways.
- The majority of states have mandatory liability insurance requirements which means you are required to carry specific limits of liability insurance if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Dodge has a loan, most banks will require that you buy insurance to guarantee loan repayment. If you let the policy lapse, the bank may insure your Dodge at a significantly higher premium and make you pay a much higher amount than you were paying before.
- Auto insurance preserves not only your car but also your assets. It will also provide coverage for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of buying auto insurance definitely exceed the cost, specifically if you ever have a liability claim. On average, a vehicle owner in Oakland is overpaying more than $820 a year so we recommend shopping around at every renewal to ensure rates are inline.
Car insurance coverage breakdown
Knowing the specifics of a car insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for immediate expenses for things like surgery, dental work, X-ray expenses, rehabilitation expenses and EMT expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Collision – Collision insurance covers damage to your Viper resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like driving through your garage door, sideswiping another vehicle, rolling your car, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible on your Viper to bring the cost down.
Uninsured/Underinsured Motorist (UM/UIM) – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your Dodge Viper.
Due to the fact that many California drivers have only the minimum liability required by law (which is 15/30/5), their limits can quickly be used up. So UM/UIM coverage is a good idea.
Liability auto insurance – This coverage protects you from injuries or damage you cause to a person or their property. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 15/30/5 which stand for a $15,000 limit per person for injuries, a total of $30,000 of bodily injury coverage per accident, and a total limit of $5,000 for damage to vehicles and property.
Liability coverage pays for things like legal defense fees, structural damage, loss of income and medical services. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible. California state law requires minimum liability limits of 15/30/5 but you should consider buying higher limits.
The illustration below shows why buying low liability limits may not provide you with enough coverage.
Comprehensive insurance – This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like a broken windshield, rock chips in glass, hitting a bird and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.