Good news for 2018 Dodge Challenger SRT Demon buyers, as insurance company Hagerty will make sure they are covered. The company will be offering an insurance package for the owners across the United States and Canada, numbering 3,000 for the U.S. group and 300 for those in Canada.
Just like with any other vehicles that Hagerty covers, Dodge Chalenger SRT Demon owners will get the same Guaranteed Value policy. This means that from the time the policy has been issued, the vehicle’s value will depend on how much it has been used or driven, and will not be established only when the car gets into a collision. By doing so, this eliminates negotiations and arguments over what the car’s value will be in years to come.
Tim Kuniskis, the Head of FCA’s Passenger Car Brands in North America, said that they want to ensure that the owners of these cars have the insurance they need to feel safe whenever they bring the car out on the street. And so Demon owners will be able to make the most out of their car’s performance.
McKeel Hagerty, CEO of Hagerty said that this generation probably has the best performing cars there ever was, and “the Demon is the latest example that speaks directly to the hearts of enthusiasts”. He even added that he does not want to repeat history - that is ending the first great muscle car era.
The first examples of the 2018 Challenger SRT Demon will be brought to Dodge dealerships as early as this fall. Incidentally, this model is the fastest quarter-mile production car, being able to get to 140 miles per hour in just 9.65 seconds. The street-legal drag car has a 6.2 liter supercharged V8 engine, and can generate a maximum of 840 horsepower.
There has been no word regarding the cost and coverage of the insurance policy, but it probably won’t be cheap. Also, Hagerty has created a dedicated hotline for Dodge Challenger SRT Demon owners at (844) 840-8733.
You always have a choice of going to another insurance company, maybe for a much cheaper price. But good luck trying to negotiate with the insurer if your car breaks into several pieces.
Nevertheless, Dodge is also doing what it can to protect itself. A couple of weeks ago, Dodge asked Challenger SRT Demon buyers to sign a waiver they call the Demon Disclosure Form. The form states the rules and regulations that Demon owners must follow.