The Dodge Challenger is presently in its third generations, starting from 1970-74, 1978-83, 2008-present Between 1970 and 1974, the Challenger was a pony car; the 1978-83 model years saw it become a subcompact car. It has now come full circle in its present generation to become a pony once again. The present model is considered a rival to the Ford Mustang.
The Challenger’s best selling points are its classic exteriors, comfortable cabin with lots of leg space, comfortable seats, and fuel efficiency.
In this feature, we shall consider the cost of insuring a used Dodge Challenger in the five southern East Coast states.
|State||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)||Estimated total cost of purchase including insurance costs ($)|
The table below shows us that the insurance percentage ranges from 4% in North Carolina to 11% in Georgia. So, Georgia should be the most expensive state and North Carolina is the cheapest, right?
If we consider all the costs, South Carolina is the least expensive in comparison to other states. If we look at the upfront costs and calculate it with one year’s insurance average, the total comes to $26,258.
But, North Carolina is the state with the most expensive insurance deals. This is in spite of Georgia having the highest insurance average. This because the upfront cost of the Challenger is the highest in North Carolina. When you add a year’s insurance average to it, it adds up to $29,044. However, the recurring annual cost of insurance is much higher in Georgia. While you can avoid paying a high median price by buying your car from another state and having it shipped back home, you cannot avoid high insurance rates. The only solution to the high insurance rates is to try to lower your premiums by other ways such as installing anti-theft devices, parking you car in a garage instead of the driveway, etc. These might convince your auto insurance company to lower your premium.