Twins Hit with $950 Monthly Insurance Quote on Dodge Charger

A pair of twin brothers from Trenton, New Jersey, had their eyes set on a Dodge Charger at a dealership in Pennsylvania and paid a $10,000 down payment. Neither brother had any credit history, but the dealer secured them an auto loan with a 13.95% annual interest rate, resulting in monthly payments of $502. However, just as the deal was about to close, they were informed that the full-coverage insurance premium for the vehicle would cost a staggering $950 per month, plus an additional $1,500 upfront payment for the initial insurance premium. This quote came from multiple insurers, including The General and the dealership’s affiliated insurance partners, with little variation in pricing. The exorbitant insurance costs stemmed from the twins’ complete lack of prior auto insurance history, combined with the fact that the Dodge Charger is classified in many areas as a high-theft and high-claims-risk vehicle. Despite having secured financing and paying a substantial down payment, the unexpectedly high insurance expenses nearly derailed the entire transaction. Ultimately, the twins decided to proceed with the purchase anyway. The dealership noted that this case highlights how insurance costs can significantly influence car-buying decisions—particularly for first-time buyers with no insurance history, for whom auto insurance can become a “deal killer.”