Buying cheap coverage for a Dodge Ram is normally pretty easy, but it hinges on many factors such as whether you are a homeower, your credit status, and your choice of deductibles. Drivers in Indiana will pay around $1,050 each year to insure their Ram, but that price is a projection based upon a 40-year-old single male driver with full comprehensive and collision coverage and $500 deductibles.
The issue that arises when projecting rates is that it’s very likely that you’re not a 40-year-old male, possibly married instead of single, or maybe you have a teen driver on your policy that needs to be considered. Even a slight change in the rating criteria used to formulate rates can result in a large change in the coverage rate.
Every driver’s needs are different, and that is why the only real way to find cheap insurance rates for your Dodge is to compare as many rates as possible.
The specific model of Ram tends to impact the cost of insurance, so the rate you pay to insure a Ram Quad Cab ST 2WD will be $228 less expensive the price to insure the more expensive Ram Quad Cab Laramie 4WD model, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ram Quad Cab ST 2WD||$172||$278||$384||$22||$114||$970||$81|
|Ram Quad Cab TRX4 Off Road 2WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Quad Cab SLT 2WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Crew Cab ST 2WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Quad Cab ST 4WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Crew Cab SLT 2WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Crew Cab TRX 2WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Quad Cab SLT 4WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Crew Cab ST 4WD||$196||$340||$384||$22||$114||$1,056||$88|
|Ram Crew Cab Sport 2WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Quad Cab Sport 2WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Quad Cab TRX4 Off Road 4WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Crew Cab TRX 4WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Crew Cab SLT 4WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Quad Cab Laramie 2WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Crew Cab Laramie 2WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Crew Cab Sport 4WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Quad Cab Sport 4WD||$218||$400||$384||$22||$114||$1,138||$95|
|Ram Crew Cab Laramie 4WD||$218||$460||$384||$22||$114||$1,198||$100|
|Ram Quad Cab Laramie 4WD||$218||$460||$384||$22||$114||$1,198||$100|
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Rate quotes do not factor in vehicle garaging location which can lower or raise coverage rates considerably.
Trying to buy cheap auto insurance is not most people’s favorite thing to do, and determining which insurers offer the best car insurance rates for a Dodge Ram takes even more shopping around.
Every car insurance company has a different formula to determine premium rates, so let’s take a look at the most budget-friendly car insurance companies in Indiana.
Lowest Insurance Price Quotes for Your Ram Truck
|Rank||Company||Cost Per Year|
|5||Indiana Farmers Mutual||$841|
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Travelers may have some of the lowest car insurance rates in Fort Wayne at around $614 each year. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual also qualify as some of the most economical Fort Wayne, IN auto insurance companies.
As depicted above, if you have coverage with Cincinnati Insurance and switched to Travelers, you might achieve an annual premium reduction of roughly $44. Insureds with USAA may save as much as $53 a year, and Erie insureds might reduce rates by $119 a year.
It’s important to note that these policy rates are averaged for all drivers and vehicles in Indiana and and are not figured with an exact zip code location for a Dodge Ram. So the insurer that has the lowest price for you may not even be in the top 36 companies shown above. That point stresses why you need to compare as many prices as possible using your own specific driver and vehicle information.
Car insurance rates are higher with tickets and accidents
The best way to find affordable car insurance premiums for a Ram pickup is to be an attentive driver and avoid accidents and traffic violations. The information below illustrates how traffic citations and at-fault collisions impact insurance rates for different categories of driver ages. The information is based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
In the example above, the average cost of car insurance per year with no accidents or violations is $1,726. Factor in two speeding tickets and the average cost surges to $2,462, an increase of $735 each year. Now include one accident along with the two speeding tickets and the annual cost of car insurance for a Dodge Ram increases to an average of $3,196. That’s an increase of $1,470, or $122 per month, just for not being a responsible driver!
Difference between liability only and full coverage rates
Saving money when shopping for car insurance is probably important to the majority of people, and one good way to pay less for insurance for a Dodge Ram is to not pay for full coverage. The diagram below compares insurance rates with full coverage compared to only the Indiana minimum liability coverage. The rate quotes are based on no claims, a clean driving record, $100 deductibles, marital status is single, and no other discounts are factored in.
As an average for all age groups, full coverage on your policy costs an extra $2,236 per year over and above liability only. That raises the question if physical damage coverage is worth the money. There is no definitive rule for eliminating full coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s replacement value is $5,500 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $4,500 after the policy deductible has been paid. If you are paying over $450 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are some conditions where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not eliminate full coverage.
Discounts on Fort Wayne auto insurance rates
Insurance providers that provide coverage for a Dodge Ram may also offer special discounts that could potentially reduce rates by as much as 35% if you qualify. A list of companies and the discounts they provide include:
- Progressive policyholders can earn discounts including multi-vehicle, online quote discount, good student, continuous coverage, homeowner, and online signing.
- The Hartford includes discounts for vehicle fuel type, bundle, driver training, good student, defensive driver, and air bag.
- Mercury Insurance offers discounts including ease of repair, multi-policy, annual mileage, accident-free, age of vehicle, good student, and multi-car.
- GEICO has savings for air bags, good student, five-year accident-free, federal employee, and seat belt use.
- AAA may offer discounts for multi-policy, good driver, anti-theft, pay-in-full, multi-car, education and occupation, and good student.
- State Farm may have discounts that include student away at school, good student, multiple autos, safe vehicle, multiple policy, and good driver.
The chart below illustrates the comparison of insurance costs with and without discounts applied to the premium. Data assumes a male driver, no violations or claims, Indiana state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, passive restraint, anti-theft, multiple vehicle, accident-free, and claim-free discounts applied. When discounts are factored in, theaverage yearly reduction on car insurance for a Dodge Ram is 28% or $617.