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Why buying the Chrysler 300 in New York is more affordable than buying it in Connecticut or New Jersey

The Chrysler 300M and the Chrysler Concorde are the esteemed ancestors of the Chrysler 300 that garnered a niche market for their successor. When the Chrysler 300 was launched in 2004, it was an instant hit with auto enthusiasts and owners alike. This full-size flagship sedan is currently in its second generation. If you are considering buying a used Chrysler 300, you need to also consider the cost of insuring it, since this will be one of your annual recurring costs.

In this article, we will focus on car insurance for this four-door sedan in the tri-state area of New York, New Jersey and Connecticut.

State Model Year Range Insurance average ($) Median Price ($) Insurance percentage (%)
Connecticut Chrysler 300 2005–12 2,060 19,250 10
New Jersey Chrysler 300 2005–12 1,987 21,495 9
New York Chrysler 300 2005–12 1,345 19,995 6

One look at the table, above, and it is clear that Connecticut has the highest insurance percentage (i.e. 10% of the median price) followed by New Jersey (9%) and New York (6%).

Again, one must not only look at the insurance percentage, but also consider the median price very carefully. The median price of the Chrysler 300 is higher in New York when compared to Connecticut. In New York, it is approximately $19,995 and in Connecticut it is approximately $19,250, and the difference would be $745. However, the insurance average being the lowest in New York, owning a Chrysler 300 in New York for 5 years would cost you $26,720 (inclusive of the cost of the vehicle and insurance costs), which is much less than the cost of owning the car in New Jersey ($31,430) or Connecticut ($29,550).

Average Yearly Insurance Premium $1,600
Chrysler 300 MSRP $36,540
Estimated Monthly Income to Afford a Chrysler 300 Car including Insurance $680

Chrysler 300 - Average Insurance Price by Segment

Male $2,280
Male Married $2,150
Female $1,300
Female Married $1,110
Teenage Boy $6,020
Teenage Girl $5,020

Chrysler 300 Safety Features - 2013

Side airbags: front and rear head curtain airbags and front seat-mounted torso airbags Driver knee airbag: a separate airbag in the lower instrument panel designed to minimize knee injuries in frontal crashes Electronic stability control Antilock brakes Programmable daytime running lights

Expensive States for Insuring Chrysler 300

RankStateAverage Insurance of Chrysler 300MSRPEstimated Monthly Income to Afford a Chrysler 300 including Insurance Cost
1 Georgia $3,100 $31,000 $600
2 Michigan $2,900 $37,000 $710
3 Louisiana $2,500 $35,500 $670
4 Utah $2,100 $45,900 $850
5 Connecticut $2,100 $39,600 $740
6 Oklahoma $2,000 $35,500 $660
7 Kentucky $2,000 $38,300 $710
8 California $2,000 $35,400 $660
9 Rhode Island $1,900 $43,800 $810
10 New Jersey $1,900 $39,700 $740

Cheap States for Insuring Chrysler 300

RankStateAverage Insurance of Chrysler 300MSRPEstimated Monthly Income to Afford a Chrysler 300 including Insurance Cost
1 Maine $900 $43,800 $790
2 Iowa $1,000 $33,700 $610
3 Indiana $1,100 $36,800 $670
4 North Carolina $1,100 $37,000 $680
5 Ohio $1,100 $37,600 $690
6 Colorado $1,200 $34,400 $630
7 Illinois $1,200 $37,700 $690
8 Florida $1,300 $33,100 $610
9 New Hampshire $1,300 $40,000 $730
10 New Mexico $1,300 $35,500 $650

Chrysler 300 - Remaining States under Study

RankStateAverage Insurance of Chrysler 300MSRPEstimated Monthly Income to Afford of Chrysler 300 including Insurance Cost
1 New York $1,300 $38,300 $700
2 South Carolina $1,300 $35,500 $650
3 Virginia $1,300 $31,000 $570
4 Vermont $1,300 $35,500 $650
5 Washington $1,300 $36,600 $670
6 Wisconsin $1,300 $36,800 $680
7 Alaska $1,400 $37,300 $690
8 Arizona $1,400 $37,300 $690
9 Idaho $1,400 $29,900 $550
10 Kansas $1,400 $35,500 $650
11 Mississippi $1,400 $35,500 $650
12 Oregon $1,400 $37,300 $690
13 Wyoming $1,400 $30,600 $570
14 Delaware $1,500 $38,800 $710
15 Hawaii $1,500 $38,000 $700
16 Nebraska $1,500 $35,500 $660
17 Nevada $1,500 $43,700 $800
18 Minnesota $1,600 $36,500 $680
19 North Dakota $1,600 $32,700 $610
20 Tennessee $1,600 $37,900 $700
21 Alabama $1,700 $31,500 $590
22 Arkansas $1,700 $32,800 $610
23 Texas $1,700 $32,100 $600
24 West Virginia $1,700 $39,500 $730
25 Massachusetts $1,800 $39,700 $740
26 Pennsylvania $1,800 $32,200 $600
27 Maryland $1,900 $35,300 $660
28 Missouri $1,900 $40,300 $750
29 Montana $1,900 $35,500 $660

Chrysler 300 Models Comparison

Model Style Cylinders MSRP Average Premium of Chrysler 300 models Est. Monthly Income to Afford a Chrysler 300 including Insurance Cost
300 4 Door Sedan 6 cyl. $36,500 $1,510 $670
300 S 4 Door Sedan AWD 8 cyl. $36,500 $1,640 $680
300 S 4 Door Sedan 8 cyl. $36,500 $1,680 $680
300 S 4 Door Sedan 6 cyl. $36,500 $1,560 $670
300 S 4 Door Sedan AWD 6 cyl. $36,500 $1,600 $680
300C 4 Door Sedan 8 cyl. $36,500 $1,680 $680

Chrysler 300 vs Luxury Sedan Insurance Comparision