Want to learn how to buy more affordable Chrysler 300 insurance in Detroit? Are you frustrated by the wide range of auto insurance providers in your area? You’re not alone. You have so many providers to choose from that it can quickly become a big hassle to find the perfect company for you. Everyone knows that Detroit has lots to offer, but high auto insurance premiums can make it impossible to afford proper coverage amounts.
It’s shocking but a large majority of drivers have bought auto insurance from the same company for four years or more, and 38% of drivers have never compared rates from other carriers. Consumers in Detroit can cut their rates by nearly $3,836 a year just by comparing rates, but they underestimate the rate savings if they just switched companies.
Affordable companies for Chrysler 300 insurance
The companies shown below are ready to provide quotes in Michigan. If you want to find cheaper auto insurance in Detroit, it’s highly recommended you visit two to three different companies to find the lowest auto insurance rates.
Analysis of coverages
The information shown below outlines estimates of policy rates for Chrysler 300 models. Having a better understanding of how rates are established can benefit drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $382 | $726 | $662 | $40 | $198 | $2,008 | $167 |
| 300 Touring Plus 4-Dr Sedan | $382 | $726 | $662 | $40 | $198 | $2,008 | $167 |
| 300 Touring AWD 4-Dr | $382 | $726 | $662 | $40 | $198 | $2,008 | $167 |
| 300 S V6 4-Dr Sedan | $382 | $726 | $662 | $40 | $198 | $2,008 | $167 |
| 300 Touring Signature 4-Dr Sedan | $382 | $726 | $662 | $40 | $198 | $2,008 | $167 |
| 300 Touring Executive 4-Dr Sedan | $382 | $726 | $662 | $40 | $198 | $2,008 | $167 |
| 300 Touring Signature AWD 4-Dr | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| 300 Limited 4-Dr Sedan | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| 300 C 4-Dr Sedan | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| 300 S V8 4-Dr Sedan | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| 300 Limited AWD 4-Dr | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| 300 C AWD 4-Dr | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| 300 SRT-8 4-Dr Sedan | $426 | $836 | $662 | $40 | $198 | $2,162 | $180 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price estimates do not factor in specific location which can revise auto insurance rates greatly.
Where to set your deductibles
When shopping for insurance, a common question is where should you set your physical damage deductibles. The premium rates below can help show the rate fluctuation when you select higher and lower policy deductibles. The first set of prices uses a $100 comprehensive and collision deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| 300 Touring Plus 4-Dr Sedan | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| 300 Touring AWD 4-Dr | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| 300 S V6 4-Dr Sedan | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| 300 Touring Signature 4-Dr Sedan | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| 300 Touring Executive 4-Dr Sedan | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| 300 Touring Signature AWD 4-Dr | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| 300 Limited 4-Dr Sedan | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| 300 C 4-Dr Sedan | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| 300 S V8 4-Dr Sedan | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| 300 Limited AWD 4-Dr | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| 300 C AWD 4-Dr | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| 300 SRT-8 4-Dr Sedan | $748 | $1456 | $690 | $40 | $206 | $3,165 | $264 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $372 | $666 | $690 | $40 | $206 | $1,974 | $165 |
| 300 Touring Plus 4-Dr Sedan | $372 | $666 | $690 | $40 | $206 | $1,974 | $165 |
| 300 Touring AWD 4-Dr | $372 | $666 | $690 | $40 | $206 | $1,974 | $165 |
| 300 S V6 4-Dr Sedan | $372 | $666 | $690 | $40 | $206 | $1,974 | $165 |
| 300 Touring Signature 4-Dr Sedan | $372 | $666 | $690 | $40 | $206 | $1,974 | $165 |
| 300 Touring Executive 4-Dr Sedan | $372 | $666 | $690 | $40 | $206 | $1,974 | $165 |
| 300 Touring Signature AWD 4-Dr | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| 300 Limited 4-Dr Sedan | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| 300 C 4-Dr Sedan | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| 300 S V8 4-Dr Sedan | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| 300 Limited AWD 4-Dr | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| 300 C AWD 4-Dr | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| 300 SRT-8 4-Dr Sedan | $414 | $768 | $690 | $40 | $206 | $2,118 | $177 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Prices do not factor in specific zip code location which can influence insurance rates significantly.
Based on this data, using a $100 deductible costs about $82 more each month or $984 every year averaged for all 300 models than buying the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 11 months between claim filings, you would more than likely save some money if you choose the higher deductible.
The illustration below shows how different deductible levels and can increase or decrease Chrysler 300 insurance costs for each different age group. The premium estimates are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.
Cost comparison with and without full coverage
The chart below visualizes the comparison of Chrysler 300 auto insurance rates with full coverage compared to only the Michigan minimum liability coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no policy discounts are applied.
Should you be buying full coverage?
There is no definitive rule to exclude full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s say your Chrysler 300 book value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after you pay the deductible. If you are currently paying more than $500 a year for your policy with full coverage, then you may need to consider dropping full coverage.
There are some conditions where removing full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.
Affordable Chrysler 300 insurance rates in Detroit
Auto insurance is easily one of your largest bills, but you may find discounts that many consumers don’t even know exist. Certain discounts will be triggered automatically when you complete an application, but a few need to be specially asked for before they will apply.
- Multiple Policy Discount – If you insure your home and vehicles with one insurance company you may save nearly 15% which can help you find cheap 300 insurance.
- Anti-lock Brake Discount – Cars equipped with ABS or steering control can reduce accidents so you can save 10 percent or more.
- Low Miles Discount – Low mileage vehicles may enable drivers to earn slightly better rates than normal.
- Senior Citizens – If you’re over the age of 55, you may qualify for a discount up to 10%.
- Discounts for Cautious Drivers – Insureds without accidents could pay up to 40% less compared to rates paid by drivers with frequent claims.
Please keep in mind that most discounts do not apply to the whole policy. Most only apply to individual premiums such as medical payments or collision. Even though it appears you could get a free auto insurance policy, you’re out of luck.
The example below visualizes the comparison of Chrysler 300 premium costs with and without some available policy discounts. The costs are based on a female driver, no driving violations, no at-fault accidents, Michigan 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 claim-free, marriage, safe-driver, homeowner, multi-car, and multi-policy discounts applied.
To locate auto insurance companies that offer many of these discounts in Detroit, click here.
Your situation helps dictate your coverage
When it comes to choosing adequate coverage for your personal vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different.
For example, these questions can help discover whether you could use an agent’s help.
- Do I really need UM/UIM coverage?
- I have a DUI can I still get coverage?
- Is my ex-spouse still covered by my policy?
- Is a new car covered when I drive it off the dealer lot?
- Is my custom stereo system covered?
- Is my son or daughter covered when driving my car?
- How much liability insurance is required?
- What is the difference between personal and commercial auto insurance policies?
- Can I drive in Mexico and have coverage?
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.
Are insurance agencies of importance?
Many people prefer to buy from a local agent and that is a personal choice. An additional benefit of comparing rate quotes online is you may find lower rates and still choose a local agent.
Once you complete this quick form, your coverage information is sent to local insurance agents that can give you free Detroit auto insurance quotes to get your business. There is no reason to drive around because prices are sent to your email. You can get cheaper insurance rates without requiring a lot of work. If you want to compare prices from a specific insurance company, you just need to go to their quote page and give them your coverage information.
Deciding on an insurer shouldn’t rely on just a cheap quote. These are some questions you should get answers to.
- Will one accident increase rates?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- How many years of experience in personal auto insurance do they have?
- Do they get paid more for recommending certain coverages?
- Will high miles depreciate repair valuations?
- Are they full-time agents?
- Is the quote a firm price?
- Which company do they place the most coverage with?
When researching a reputable insurance agent or broker, it’s important to understand the types of insurance agents and how they differ in how they quote coverages. Agents in Detroit are categorized either independent (non-exclusive) or exclusive.
Exclusive Insurance Agents
These agents can usually just insure with one company such as Allstate and State Farm. They usually cannot shop your coverage around so keep that in mind. Exclusive agents are usually well trained on their company’s products and that enables them to sell even at higher rates. Consumers frequently buy from exclusive agents mainly due to the brand legacy and the convenience of having all coverages with one company.
The following is a short list of exclusive agencies in Detroit that are able to give price quote information.
- State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map - Allstate Insurance: Shauna Johnson
18711 Grand River Ave – Detroit, MI 48223 – (313) 272-2020 – View Map - John Cash – State Farm Insurance Agent
19203 Grand River Ave – Detroit, MI 48223 – (313) 537-1200 – View Map
Independent Insurance Agencies
These type of agents can quote rates with many companies so they have the ability to put coverage through many companies and get the cheapest rates. If you are not satisfied with one company, they simply switch companies in-house and you don’t have to switch agencies.
When comparing rate quotes, you absolutely need to get some free quotes from a couple of independent agencies in order to have the best price comparison. Most also write with small mutual carriers which can save you money.
Shown below are independent agents in Detroit that are able to give price quotes.
- Cosby Insurance Agy and Financial Services
10140 W McNichols Rd – Detroit, MI 48221 – (313) 864-3285 – View Map - C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144 – View Map - Advasure Insurance
13600 W 8 Mile Rd C – Detroit, MI 48205 – (313) 521-0300 – View Map
Once you have received positive feedback to any questions you have and an affordable coverage quote, it’s possible that you found an auto insurance agent that meets the criteria to provide insurance coverage. But remember, you can always terminate coverage when you choose so never feel that you are obligated to any particular company for the full term.
Shop smart and save
Drivers change insurance companies for a variety of reasons including not issuing a premium refund, an unsatisfactory settlement offer, being labeled a high risk driver and even unfair underwriting practices. Regardless of your reason for switching companies, switching car insurance companies is not as hard as you think.
You just read quite a bit of information on how to get a better price on Chrysler 300 insurance in Detroit. The key thing to remember is the more providers you compare, the higher the chance of saving money. Drivers may even discover the best prices are with a company that doesn’t do a lot of advertising.
Cheap Chrysler 300 insurance in Detroit is available both online and also from your neighborhood Detroit agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies may not have the ability to get a quote online and most of the time these regional carriers work with independent agents.
How to buy discount Chrysler 300 insurance in Detroit
It takes a few minutes, but the best way to find cheaper Chrysler 300 insurance in Detroit is to start comparing prices regularly from companies who sell insurance in Michigan.
- Get an understanding of how companies set rates and the factors you can control to keep rates low. Many things that result in higher rates like accidents, traffic tickets, and a negative credit rating can be amended by making lifestyle changes or driving safer.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agencies can provide prices for a wide range of insurance providers.
- Compare the new rate quotes to your existing policy to see if a cheaper rate is available. If you find a lower rate and change companies, make sure coverage does not lapse between policies.
- Notify your agent or company of your intention to cancel the current policy. Submit payment and a signed application to the new company. Immediately keep your new proof of insurance paperwork with your vehicle’s registration.
The key thing to remember is to compare similar coverage information on each quote request and and to get price quotes from as many auto insurance providers as possible. This helps ensure an apples-to-apples comparison and the best price quote selection.
For more information, feel free to visit these articles:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has the Cheapest Car Insurance for Good Drivers in Detroit? (FAQ)
- Who has the Cheapest Auto Insurance Quotes in Detroit, MI? (DetroitInsure.com)
- What is Full Coverage? (Allstate)
- Event Data Recorders FAQ (iihs.org)