How Much are Chrysler 300 Insurance Rates?

Average auto insurance rates for a Chrysler 300 cost $1,514 a year, or around $126 a month. Finding Chrysler 300 teenager insurance coverage can cost on average $5,534 a year, so shop around to find cheap rates.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Sep 15, 2020

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Key Takeaways:

  • Full coverage costs around $1,514 a year or $126 each month
  • A liability-only policy costs around $607 a year or $51 each month
  • Highest rates are for teenage drivers at around $5,534 a year or $461 each month
  • Good drivers can save as much as $624 a year by earning policy discounts
  • Chrysler 300 insurance costs around $5 less per year than the average vehicle

Chrysler 300 car insurance rates are determined by a number of factors, such as the age of the driver. Teenagers have the highest Chrysler 300 insurance rates at $5,534 a year, or $461 every month. But good drivers can save as much as $624 a year by earning policy discounts.

Take the time to read through this helpful article that details exactly how Chrysler 300 rates are determined so you can compare policies with a trained eye.

You can start comparing quotes for Chrysler 300 car insurance rates from some of the best car insurance companies by using our free online tool now.

Chrysler 300 Insurance Cost

The average Chrysler 300 auto insurance rates are $1,514 a year or $126 a month.

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Are Chrysler 300s Expensive to Insure?

The chart below details how Chrysler 300 insurance rates compare to other sedans like the Cadillac ATS, Nissan Versa, and Audi S4.

Vehicle Comprehensive Collision Liability Total
Chrysler 300 $332 $626 $398 $1,514
Cadillac ATS $294 $566 $398 $1,416
Nissan Versa $268 $542 $390 $1,358
Audi S4 $370 $744 $338 $1,588
Subaru Impreza $320 $542 $390 $1,410
Subaru Legacy $370 $506 $338 $1,350
Chevrolet Impala $280 $532 $372 $1,342
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However, there are a few things you can do to find the cheapest Chrysler insurance rates online.

What Impacts the Cost of Chrysler 300 Insurance?

The Chrysler 300 trim and model you choose can impact the total price you will pay for Chrysler 300 insurance coverage.

Age of the Vehicle

The average Chrysler 300 car insurance rates are higher for newer models. For example, car insurance rates for a 2018 Chrysler 300 are $1,514, while 2010 Chrysler 300 rates are $1,238, a difference of $276.

Model Year Comprehensive Collision Liability Total
2018 Chrysler 300 $332 $626 $398 $1,514
2017 Chrysler 300 $320 $610 $416 $1,504
2016 Chrysler 300 $310 $586 $430 $1,484
2015 Chrysler 300 $292 $564 $442 $1,456
2014 Chrysler 300 $282 $524 $452 $1,416
2013 Chrysler 300 $270 $494 $456 $1,378
2012 Chrysler 300 $258 $442 $460 $1,318
2011 Chrysler 300 $242 $408 $460 $1,268
2010 Chrysler 300 $234 $382 $464 $1,238
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Driver Age

Driver age can have a significant effect on the cost of Chrysler 300 car insurance. For example, 30-year-old drivers pay approximately $67 more for their Chrysler 300 car insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Chrysler 300 insurance rates. For example, drivers in Phoenix may pay $833 a year less than drivers in Los Angeles.

Your Driving Record

Your driving record can have an impact on the cost of Chrysler 300 car insurance. Teens and drivers in their 20’s see the highest jump in their Chrysler 300 car insurance with violations on their driving record.

Chrysler 300 Safety Ratings

The Chrysler 300’s safety ratings will affect your Chrysler 300 car insurance rates. See the chart below:

Test Type Rating
Small overlap front: driver-side Marginal
Small overlap front: passenger-side Not Tested
Moderate overlap front Good
Side Good
Roof strength Good
Head restraints and seats Good
Source: Insurance Institute for Highway Safety
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Chrysler 300 Crash Test Ratings

Chrysler 300 crash test ratings can impact your Chrysler 300 car insurance rates. See Chrysler 300 crash test results below:

Vehicle Tested Overall Frontal Side Rollover
2020 Chrysler 300 4 DR RWD 4 stars 4 stars 5 stars 4 stars
2020 Chrysler 300 4 DR AWD 4 stars 4 stars 5 stars 4 stars
2019 Chrysler 300 4 DR RWD 4 stars 4 stars 5 stars 4 stars
2019 Chrysler 300 4 DR AWD 4 stars 4 stars 5 stars 4 stars
2018 Chrysler 300 4 DR RWD 4 stars 4 stars 5 stars 4 stars
2018 Chrysler 300 4 DR AWD 4 stars 4 stars 5 stars 4 stars
2017 Chrysler 300 4 DR RWD 4 stars 4 stars 5 stars 4 stars
2017 Chrysler 300 4 DR AWD 4 stars 4 stars 5 stars 4 stars
2016 Chrysler 300 4 DR RWD 4 stars 4 stars 5 stars 4 stars
2016 Chrysler 300 4 DR AWD 4 stars 4 stars 5 stars 4 stars
1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration
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Chrysler 300 Safety Features

The more safety features you have on your Chrysler 300, the more likely it is that you can earn a discount. The Chrysler 300’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Child Safety Locks
  • Traction Control

Chrysler 300 Insurance Loss Probability

Review the Chrysler 300 car insurance loss probability rates for collision, property damage, comprehensive, PIP, MedPay, and bodily injury. The lower percentage means lower Chrysler 300 auto insurance costs; higher percentages mean higher Chrysler 300 auto insurance costs.

Insurance Coverage Category Loss Rate
Collision 15%
Property Damage 3%
Comprehensive 78%
Personal Injury 34%
Medical Payment 36%
Bodily Injury 14%
Source: Insurance Institute for Highway Safety
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Chrysler 300 Finance and Insurance Cost

If you are financing a Chrysler 300, you will pay more if you purchase Chrysler 300 auto insurance at the dealership, so be sure to shop around and compare Chrysler 300 auto insurance quotes from the best companies using our FREE tool below.

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Ways to Save on Chrysler 300 Insurance

You have more options at your disposal to save money on your Chrysler 300 car insurance costs. For example, try these five tips:

  • Ask Your Insurance Company About Chrysler 300 Discounts
  • Reduce Modifications on Your Chrysler 300
  • Compare Chrysler 300 Quotes Online
  • Remove Unnecessary Insurance Once Your Chrysler 300 is Paid Off
  • Carpool to Work Instead of Driving Your Chrysler 300

Top Chrysler 300 Insurance Companies

Who is the top auto insurance company for Chrysler 300 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Chrysler 300 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features that the Chrysler 300 offers.

Rank Company Volume Market Share
1 State Farm $65,615,190 9.3%
2 GEICO $46,106,971 6.6%
3 Progressive $39,222,879 5.6%
4 Liberty Mutual $35,600,051 5.1%
5 Allstate $35,025,903 5.0%
6 Travelers $28,016,966 4.0%
7 USAA $23,483,080 3.3%
8 Chubb $23,388,385 3.3%
9 Farmers $20,643,559 2.9%
10 Nationwide $18,442,145 2.6%
Source: Insurance Information Institute
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Compare Free Chrysler 300 Insurance Quotes Online

You can start comparing quotes for Chrysler 300 auto insurance rates from some of the best auto insurance companies by using our free online tool now.

The cost of insurance premiums varies widely not only from individual to individual but also from region to region. The Chrysler 300 is a luxury car, which usually means steeper premiums due to expensive parts.

Get FREE instant car insurance quotes by entering your ZIP code in the box on this page!

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What features of the Chrysler 300 affect insurance costs?

When Chrysler introduced the 300 in 2005, it did so with a bang. The large car was well-received, winning awards like Motor Trends’ Car of the Year.

The Chrysler 300 comes with a powerful V8 Hemi engine and a five-speed automatic transmission. While this is great for those who want a powerful vehicle, it also means lower gas mileage and higher insurance premiums.

The gas mileage for the 2011 Chrysler 300 is estimated at 18 mpg in the city and 27 mpg on the highway, comparable to an SUV or truck. This power equals speed, and fast cars typically incur higher premiums.

The latest Chrysler 300 comes standard with front and side airbags. This caused the Insurance Institute for Highway Safety to give it a Good rating in both offset front testing and side impact tests.

This is an improvement over previous years and should help bring down insurance costs.

The Chrysler 300 car insurance cost can be lowered by several options. The anti-theft system, as well as the Safetytec package, will usually result in lower premiums.

What factors affect my insurance cost?

No matter what type of car you drive, there are many factors that affect your premiums. If you live in a high crime area or an area where natural disasters, like floods or hurricanes, are common, your premiums will be higher.

Individual factors that influence your premiums include:

  • Age and gender
  • Driving record
  • Marital status
  • Occupation
  • Yearly mileage
  • Location
  • Where the car will be stored

The policy itself affects your premium as well. A lower deductible will cost more in premiums while a higher deductible will lower the premium.

Ask your agent to go over available discounts to see if you qualify for any.

Premium costs can also vary from company to company, so shop around and compare quotes.

You can also bundle multiple policies to lower premiums for all of them.

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Will I get lower insurance rates on my Chrysler 300 once my loan is paid off?

Just like any other vehicle, insurance for a Chrysler 300 will cost more if you have taken out a bank loan on the vehicle. That’s because lenders often insist that car owners carry comprehensive and collision coverage as long as the loan is outstanding.

They need to protect their financial interests in case your car is totaled or stolen, and the only way they can do that is to require you to carry comprehensive and collision.

Once your bank loan is paid off you’ll be free to drop that extra coverage if you so choose.

That said, under normal circumstances, the Chrysler 300 will remain a valuable car well after your loan is satisfied. Dropping your collision and comprehensive might not necessarily be a wise idea if you’re not prepared to pay out-of-pocket to replace it.

Once you get beyond the eight or nine-year mark, the value could depreciate far enough that it’s no longer worth carrying the extra coverage. But that’s a decision you’ll have to make based on your cash position and how much you value your vehicle.

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If I park my Chrysler 300 in a garage will that affect my insurance rates?

There are some things car owners can do to help reduce their car insurance premiums. One of them is to park the vehicle in a garage overnight.

Doing so is looked on favorably by insurance companies because it reduces the likelihood of theft, storm damage, and the potential for the vehicle to be struck by a passing car while it’s parked on the street.

Keeping your car in a garage at night also helps to slow down the natural effects of time, thus increasing the vehicle’s resale value.

In addition to parking your car in the garage, you can also help keep your car insurance rates as low as possible by making sure you always obey the law.

Insurance companies don’t like speeding tickets and other violations and will reward you with higher premiums should you have any.

On the other hand, if you keep your record spotlessly clean, you will enjoy some of the lowest prices in the industry. Always driving safely and legally is the best way to keep your car insurance as inexpensive as possible.

What else should I consider?

Insurance costs are not the only costs to consider when shopping for a new car. Besides the purchase price, also consider how much you’ll spend in gas on a monthly basis for the number of miles you normally drive.

Find out how much the state taxes or registration fees would be as well.

Do some research to find out the typical maintenance and repair costs for that particular vehicle. All of these costs added together, plus the depreciation and the amount of interest you’re paying on the car loan, are called the cost of ownership.

This cost does not include the purchase price of the vehicle; merely the amount you will pay every year to use and maintain it.

Kelley Blue Book computes the cost of ownership for a Chrysler 300 to be around $7,000 a year after the first year when the depreciation amount is higher.

According to their report, they rank the Chrysler 300 a good value as it is cheaper per mile than other similarly sized vehicles.

The Chrysler 300 is a highly awarded, large, luxury car. Even though it has many safety features, the more expensive replacement costs and fast engine cancel out some of these features from an insurance standpoint.

The insurance costs for the Chrysler 300 are considered average.

To get the best price for insurance, you need to compare several car insurance quotes. Discover the best local rates for FREE by typing your ZIP code!

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