How Much Does Dodge Challenger Insurance Cost? Which Insurer Is Cheapest?
Find Cheap Dodge Challenger Insurance Quotes
State Farm has the cheapest insurance for Dodge Challengers, averaging $154 per month.
That's 43% cheaper than the typical price. The average cost to insure a Dodge Challenger is $270 per month.
Cheapest car insurance for a Dodge Challenger
State Farm offers the cheapest Dodge Challenger insurance, with an average quote of $154 per month. That's 43% less than the average price for Challenger insurance and 21% cheaper than the next-best option, USAA.
Find Cheap Dodge Challenger Insurance Quotes
Cheapest companies for Dodge Challenger auto insurance
Company | Annual cost | |
|---|---|---|
| State Farm | $1,853 |
| USAA | $2,339 |
| Geico | $2,727 |
| Nationwide | $3,182 |
| Allstate | $4,570 |
Progressive is the most expensive insurance company, with an average rate of $4,759 per year for a 30-year-old driver.
We always recommend that drivers collect several quotes when buying a new car insurance policy. There is a difference of $2,906 per year between the cheapest and most expensive prices for Dodge Challenger insurance. Checking with multiple insurers is the most effective way to get the lowest rates.
Younger drivers pay much more for Challenger insurance
We collected sample quotes for younger drivers between the ages of 17 and 24. Teen drivers can expect to pay a lot more for Challenger sports car insurance coverage than older drivers. Seventeen-year-olds pay the most by far — $13,109 per year for coverage, or about four times more than a typical 30-year-old would.
For the most part, younger drivers will likely find the best rates for Challenger insurance from our overall cheapest pick, State Farm, or USAA, which is not available to all drivers.
One way for younger drivers to save on insurance is to share a plan with an older family member. Whether it's a parent or someone else you live with, sharing a policy typically results in much cheaper prices for coverage.
Average cost of Dodge Challenger insurance by age and company
Driver age | Allstate | Geico | Nationwide | Progressive | State Farm | USAA |
|---|---|---|---|---|---|---|
| 17 | $20,437 | $6,200 | $12,462 | $28,786 | $6,003 | $4,766 |
| 19 | $15,571 | $4,778 | $10,565 | $14,964 | $4,830 | $3,920 |
| 21 | $10,576 | $3,833 | $5,674 | $11,103 | $3,567 | $3,257 |
| 24 | $7,712 | $3,063 | $4,561 | $7,974 | $2,651 | $2,730 |
| 30 | $4,570 | $2,727 | $3,182 | $4,759 | $1,853 | $2,339 |
More powerful Challenger models cost more to insure
The Dodge Challenger is available in several trim levels, and, unsurprisingly, the more expensive models generally cost more to insure. Besides simply having a higher price, premium Challenger models also have extra horsepower and torque, which often lead to higher insurance costs. For example, the 2022 Challenger SRT Hellcat has 717 horsepower and a top speed of 203 MPH. By comparison, the R/T has 372 horsepower, and the standard SXT has 303 horsepower.
Model/trim level | Average six-month Insurance cost | MSRP |
|---|---|---|
| SXT | $3,238 | $31,275 |
| R/T | $3,397 | $38,825 |
| SRT Hellcat | $4,683 | $64,743 |
| SRT Demon | $5,314 | $84,995 |
MSRP is the starting price for a 2022 model, except for the Demon, which was most recently available in the 2020 model year.
Dodge's nomenclature for different models of Challengers has changed over time. Prior to 2015, the high-performance model SRT was known as the SRT8. After 2015, the model was renamed the SRT Hellcat. The SXT base model was called the SE in the U.S. prior to 2012.
Dodge Demon: a limited-edition car with high-priced coverage
In 2018, Dodge released an ultra-powerful, special edition of the Challenger called the Dodge Demon. The car's starting price was $83,295 — nearly triple that of the base Challenger model — and they now regularly sell for more than six figures. Car insurance for the Dodge Demon is $5,314 per year, which is 64% more expensive than insurance for a Challenger SXT.
New Dodge Demons are no longer available. Drivers looking for a Demon will have to turn to the used market, where Demons typically sell for well above the MSRP.
Cost of Challenger insurance by model year
The cost of car insurance for a Dodge Challenger drops the older the vehicle is. A 2012 base model costs 35% less than a 2022 model.
Average annual Dodge Challenger insurance rates by year model
Car Model Year | Average Cost |
|---|---|
| 2022 | $3,238 |
| 2021 | $3,137 |
| 2020 | $2,930 |
| 2019 | $2,883 |
| 2018 | $2,859 |
| 2017 | $2,773 |
| 2016 | $2,506 |
| 2015 | $2,486 |
| 2014 | $2,350 |
| 2013 | $2,216 |
| 2012 | $2,102 |
It's not always cheaper to insure used cars. While the cost to repair an older car may go down as parts get cheaper, newer cars often come with more advanced safety features that can lower rates. It's worth noting, though, that every Dodge Challenger got a five-star overall safety rating from the National Highway Traffic Safety Administration (NHTSA), the highest score available.
Methodology
We collected thousands of quotes from across Texas from five of the largest insurers for our in-depth analysis of insurance rates for Dodge Challengers for the 2012-2022 model years. In addition to the base model, we also collected quotes for the 2022 models of the R/T and SRT Hellcat and the 2020 Dodge Demon (2018 only).
Our main sample driver was a 30-year-old man. For the purposes of age comparison, we also collected quotes for male drivers ages 17, 19, 21 and 24. All drivers got their driver's license at age 16 and have no accidents or driving infractions.
All car insurance quotes included the following coverages:
Coverage | Limit |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per incident |
| Property damage liability | $50,000 per incident |
| Collision coverage | Included/$500 deductible |
| Comprehensive coverage | Included/$500 deductible |
| PIP/medical payments | Not included |
| Uninsured motorist coverage | Not included |
| All other coverages | Not included |
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