Insuring A Dodge Challenger Might Cost More Than a Porsche 911

The Dodge Challenger is one of a few American muscle car coupes and a favorite among fans. It only makes sense that owners would want to protect their investment by insuring their Dodge Challenger. However, there are a couple of SRT Challengers that will cost as much as a Porsche 911 to insure. 

Which Dodge Challengers are the most expensive to insure?

The most expensive Dodge Challengers to insure are the SRT Hellcat and SRT Hellcat Redeye. It makes sense that the most powerful cars in the Mopar lineup would be the most expensive to insure. According to Insure.com, the SRT Hellcat and SRT Hellcat Redeye cost more to insure than a Porsche 911 Carrera Targa 4 GTS. 

Insuring a Dodge Challenger, like this Hellcat, can cost as much as a Porsche 911
SRT Hellcat ram air intake | Stellantis

It should be noted that insuring an SRT Jailbreak or SRT Super Stock is more expensive, but the Hellcats are far more common. It is likely even more costly to insure the exclusive Dodge SRT Demon. 

How much does it cost to insure a Dodge Challenger SRT Hellcat?

Insuring a Dodge Challenger SRT Hellcat costs around $3,528 annually. According to Insure.com, that is the national average rate for full coverage. Of course, many factors impact insurance rates, like age, gender, geographic location, and driving record. However, there is no difference in coverage for the standard or widebody car. 

How much does it cost to insure an SRT Hellcat Redeye? 

The annual national average rate for insuring a Dodge Challenger SRT Hellcat Redeye is $3,533. That’s just five dollars difference between the Hellcat and the Hellcat Redeye. Impressive, considering the difference between the cars is 80 horsepower. Still, the monster muscle car costs more to insure than the Porsche 911.

Insuring a Dodge Challenger, especially SRT cars like the Redeye, can be costly.
SRT Hellcat Redeye badge | Stellantis

How much does it cost to insure a Porsche 911 Carerra Targa 4 GTS?

Insuring a Porsche 911 Carerra Targa 4 GTS will cost an annual average of $3,527, a mere one dollar less than the Dodge Challenger SRT Hellcat. However, that is a testament to insurance providers’ posture toward these seismically powerful Dodge muscle cars. According to TrueCar, the Porsche costs more than twice as much as the Challenger SRT Hellcat. 

Why is insuring a Dodge Challenger so expensive?

Dodge Challengers are expensive to insure because they are fast, powerful, and priced at a point where younger, less affluent consumers can afford them. As a result, they carry inherent riskiness. The Hellcat Redeye produces 797 horsepower, one of the highest power figures of any gas-powered vehicle currently on the market. It makes sense that providers would be concerned about covering the muscle cars. 

Insuring a Dodge Challenger, like this SRT Super Stock, can cost more than insuring a Porsche 911.
2022 Dodge Challenger SRT Super Stock | Stellantis

What is the cheapest Challenger to insure?

The SXT and GT are the cheapest Dodge Challengers to insure in 2022. According to Insure.com, the national average for insuring a Dodge Challenger GT is $2,098. Additionally, the SXT is an average of $2,073 to insure with full coverage. It makes sense that the lowest horsepower Pentastar V6-powered cars would be the cheapest to insure. 

Scroll down to the following article to read more about the Dodge Challenger!


RELATED: This Car Refuses to Change With the Times