A recent car insurance study discovered that a large majority of drivers kept their policy with the same company for four years or more, and almost 40% of drivers have never compared rates to find cheap insurance. The average driver in Louisville can save 30% each year by just comparing quotes, but they don’t believe the amount of money they would save if they changed companies.
It takes a few minutes, but the best way to get low-cost Chrysler 300 insurance in Louisville is to annually compare prices from insurance carriers who provide auto insurance in Kentucky. You can compare prices by completing these steps.
First, read about how auto insurance works and the modifications you can make to drop your rates. Many factors that increase rates like tickets, at-fault accidents, and an unacceptable credit rating can be amended by making small lifestyle or driving habit changes. Continue reading for more details to lower rates and get bigger discounts.
Second, compare rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide rate quotes for a wide range of insurance providers.
Third, compare the new quotes to your current policy to see if a cheaper price is available. If you can save money and change companies, make sure coverage is continuous and does not lapse.
Fourth, give proper notification to your current agent or company of your intention to cancel the current policy. Submit the completed application along with a down payment to your new insurance company. Once coverage is bound, put the new certificate of insurance above your visor, in the console, or in the glove compartment.
A tip to remember is to use similar limits and deductibles on every quote and and to get price estimates from all possible companies. Doing this guarantees the most accurate price comparison and a good representation of prices.
Obtaining price quotes for the cheapest insurance coverage in Louisville is simple if you know the tricks. If you have coverage now or just want to reduce your rates, you can use these tips to save money without sacrificing coverage. Comparison shoppers just need to learn the quickest method to get comparison quotes over the internet.
Auto insurance statistics for a Chrysler 300
The rate information below covers different policy rates for Chrysler 300 models. Having knowledge of how insurance premiums are calculated helps drivers make informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $226 | $464 | $396 | $24 | $118 | $1,228 | $102 |
| 300 Touring Plus 4-Dr Sedan | $226 | $464 | $396 | $24 | $118 | $1,228 | $102 |
| 300 Touring AWD 4-Dr | $226 | $464 | $396 | $24 | $118 | $1,228 | $102 |
| 300 S V6 4-Dr Sedan | $226 | $464 | $396 | $24 | $118 | $1,228 | $102 |
| 300 Touring Signature 4-Dr Sedan | $226 | $464 | $396 | $24 | $118 | $1,228 | $102 |
| 300 Touring Executive 4-Dr Sedan | $226 | $464 | $396 | $24 | $118 | $1,228 | $102 |
| 300 Touring Signature AWD 4-Dr | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 300 Limited 4-Dr Sedan | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 300 C 4-Dr Sedan | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 300 S V8 4-Dr Sedan | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 300 Limited AWD 4-Dr | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 300 C AWD 4-Dr | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| 300 SRT-8 4-Dr Sedan | $252 | $534 | $396 | $24 | $118 | $1,324 | $110 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Estimates do not factor in zip code location which can change rates significantly.
The chart below highlights how deductible choice and can affect Chrysler 300 insurance prices for different categories of driver ages. The data assumes a single female driver, full physical damage coverage, and no discounts are factored in.
Annual premiums for males compared to females in Louisville
The information below illustrates the difference between Chrysler 300 insurance prices for male and female drivers. The costs are based on no accidents or driving violations, comprehensive and collision coverage, $500 deductibles, single marital status, and no discounts are applied.
Get cheap rates with these seven discounts
Companies don’t list all their discounts very well, so the list below gives a summary of a few of the more well known in addition to some of the lesser obvious credits that may apply to you.
- Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save 10% or more off the medical payments premium.
- Drive Less and Save – Driving fewer miles may allow you to get lower prices on the low mileage vehicles.
- Switch and Save Discount – Some insurance companies reward drivers for signing up before your current coverage expires. The savings is around 10%.
- Theft Deterrent System – Cars and trucks that have factory anti-theft systems are less likely to be stolen and will qualify for a discount on a Louisville auto insurance quote.
- Policy Bundle Discount – When you combine your auto and homeowners insurance and place coverage with the same company you could save approximately 10% to 15%.
- Driver’s Ed – Teen drivers should take driver’s ed class in school or through a local driver safety program.
- Defensive Driver Discounts – Successfully completing a course in driver safety could earn you a small percentage discount if your company offers it.
While discounts sound great, it’s important to understand that some credits don’t apply to the whole policy. The majority will only reduce the price of certain insurance coverages like comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, that’s just not realistic.
The illustration below shows the comparison of Chrysler 300 car insurance rates with and without discounts applied to the policy premium. Data assumes a male driver, no claims or driving citations, Kentucky state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, safe-driver, claim-free, and multi-car discounts applied.
Large car insurance companies and some of their more popular discounts are:
- State Farm offers discounts for good student, Steer Clear safe driver discount, accident-free, passive restraint, and multiple policy.
- Liberty Mutual offers premium reductions for hybrid vehicle, preferred payment discount, new vehicle discount, new move discount, safety features, newly retired, and newly married.
- American Family has savings for TimeAway discount, defensive driver, early bird, multi-vehicle, and Steer into Savings.
- Progressive may include discounts for online quote discount, online signing, multi-vehicle, homeowner, and good student.
- Farmers Insurance discounts include youthful driver, early shopping, electronic funds transfer, homeowner, and good student.
- Auto-Owners Insurance includes discounts for company car, paid in full, group or association, air bags, anti-lock brakes, and paperless.
- SAFECO may offer discounts for anti-theft, drive less, homeowner, multi-car, teen safety rewards, and bundle discounts.
When comparing rates, check with each company or agent which discounts they offer. Some credits might not apply everywhere. For a list of providers that can offer you the previously mentioned discounts in Louisville, click here to view.
Insurance coverage breakdown
Knowing the specifics of your policy aids in choosing which coverages you need for your vehicles. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages found on the average insurance policy.
Collision coverage – This will pay to fix damage to your 300 resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as colliding with a tree, colliding with another moving vehicle, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible on your 300 in order to get cheaper collision rates.
Auto liability insurance – Liability insurance provides protection from damage that occurs to a person or their property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/10 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $10,000. Occasionally you may see one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for claims such as pain and suffering, court costs and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford. Kentucky state law requires minimum liability limits of 25/50/10 but you should think about purchasing better liability coverage.
The chart below shows why low liability limits may not provide you with enough coverage.
Comprehensive auto coverage – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hitting a bird, damage from a tornado or hurricane, a broken windshield and hitting a deer. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as chiropractic care, hospital visits, pain medications and dental work. They can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chrysler 300.
Because many people have only the minimum liability required by law (25/50/10 in Kentucky), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits are set the same as your liability limits.
Don’t give up on cheap rates
Some companies may not have the ability to get a quote online and these regional insurance providers work with independent agencies. Cheap Chrysler 300 insurance in Louisville can be sourced online as well as from independent agents in Louisville, and you need to price shop both to get a complete price analysis.
We just covered quite a bit of information on how to shop for Chrysler 300 insurance online. It’s most important to understand that the more rate quotes you have, the better likelihood of getting low cost Louisville auto insurance quotes. Consumers could even find that the biggest savings come from an unexpected company. These companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.
Helpful articles
- Teen Driver Statistics (Insurance Information Institute)
- How Much is Louisville Auto Insurance for a Learners Permit? (FAQ)
- How Much is Auto Insurance for Government Employees in Louisville? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Nissan Sentra in Louisville? (FAQ)
- Who Has the Cheapest Louisville Auto Insurance Rates with Multiple Speeding Tickets? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- What Does No-Fault Insurance Cover? (Allstate)
- Safety Features for Your New Car (State Farm)
- Reducing Your Risks in a Car Crash Video (iihs.org)