Insuring a Chrysler

Chrysler has seen its fair share of ups and downs throughout its history. However, the Detroit automaker has always managed to pull through in the end. These days, Chrysler is best known for producing reasonably priced vehicles that are laden with exceptional power, performance and style. Even higher-end Chrysler cars have reasonable price tags, so this is an affordable option for most drivers. Most notably, Chrysler vehicles are the cheapest cars to insure in the United States. With an average annual cost to insure of $1,171.97, Chrysler vehicles are affordable to buy and to own. If you would like to learn more about why these vehicles are so affordable to insure, check out the following information.

Brief History

Chrysler was founded by Walter P. Chrysler in 1925. The machinist immediately got to work with creating exceptional vehicles that weren't excessively expensive. Shortly after the company was founded, it added the Plymouth and DeSoto divisions. Chrysler developed many exciting innovations through the years. Although it didn't sell very well, the Airflow was notable for being the first vehicle with a front-mounted V8 engine. Chrysler vehicles were among the first to be designed with aerodynamics in mind too. In terms of performance, Chrysler developed the fabled Hemi V8 engine in the 1950s, and it continues to wow drivers with its exceptional power. These days, the Chrysler lineup is decidedly small. What is available, however, is high in quality and affordable to insure.

Reasonable Price Tags Keep Insurance Costs Down

One of the most important factors that insurance companies consider when calculating premiums is price. Expensive cars are more expensive to repair while cheaper cars are cheaper to repair. Chrysler vehicles have fairly reasonable starting MSRPs, and those low price tags play a big part in making these vehicles affordable to insure. The starting MSRP of the Town and Country, for instance, is $29,995. The 300 sedan has a starting MSRP of $27,470. Meanwhile, the 200 sedan has a starting MSRP of $18,995. These reasonable prices are largely responsible for Chrysler vehicles' low insurance premiums.

Decent Safety Ratings Help Too

Even if a car is cheap, having a poor track record for safety can cancel out any of the savings in terms of insurance costs. Luckily, Chrysler vehicles are quite safe. The Town and Country, for instance, has a long list of "Good" ratings from the Insurance Institute for Highway Safety; "Good" is the highest rating that the organization awards. It earned five-star ratings from the government, and that is the best rating the government awards as well. The 200 and 300 have earned exceptional ratings from the government and from the IIHS.

Theft Rates have an Impact

Insurance companies also look at theft rates when calculating insurance premiums. If a car is a popular target for thieves, its premium is going to increase. Very few Chrysler vehicles appear on the top-ten lists that are published by the National Insurance Crime Bureau. Exceptions like the Conquest, the New Yorker and the LeBaron, which appear on statistics that are kept by the NHTSA, are no longer issues for the brand. It is safe to say that Chrysler cars are unlikely to be stolen, which definitely helps to keep insurance costs low.

Typical costs to insure various Chrysler vehicles include:

• Town and Country 6-Cylinder - $1,302.00
• 200 Sedan 4-Cylinder - $1,329.00
• 300 Sedan 6-Cylinder - $1,372.00