It’s an obvious assumption that car insurance companies want to keep you from comparing rates. Insureds who compare rates annually will most likely buy a different policy because the odds are good of finding more affordable rates. A recent survey revealed that drivers who compared prices regularly saved on average $865 annually compared to those who don’t regularly compare prices.
If finding the cheapest price for Dodge Ram insurance is the reason you’re here, then having an understanding of how to quote prices and compare insurance premiums can make it easier to find better rates.
Truthfully, the best way to find low-cost prices for Dodge Ram insurance is to make a habit of regularly comparing prices from insurers that sell auto insurance in Riverside.
First, try to learn a little about how insurance companies determine prices and the steps you can take to keep rates down. Many policy risk factors that cause rate increases like speeding and a not-so-good credit rating can be remedied by making minor driving habit or lifestyle changes. Later in this article we will cover more information to lower rates and find available discounts that you may qualify for.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from a single company like GEICO and Allstate, while independent agents can quote prices for a wide range of insurance providers.
Third, compare the new rate quotes to the premium of your current policy to see if cheaper Ram coverage is available. If you can save money, ensure coverage does not lapse between policies.
One thing to point out is to make sure you enter identical deductibles and limits on each quote request and and to get rates from every company you can. Doing this enables a fair price comparison and a thorough selection of prices.
If you’re already insured or just want to reduce your rates, you can learn to buy cheaper insurance without sacrificing coverage. Locating the best rates in Riverside is actually not that difficult if you follow our advice. Drivers just need to learn the proper way to buy insurance from many companies at once.
How do Insurance Companies Determine Dodge Ram Insurance Premiums?
Smart consumers have a good feel for the factors that help determine your car insurance rates. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could help you find lower premium levels.
Deter theft and pay less – Buying a car with advanced anti-theft systems can get you a discount on your car insurance. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent car theft and help bring rates down.
Small claims can cost you – Companies in California provide cheaper rates to insureds who are not frequent claim filers. If you file a lot of claims you can definitely plan on either higher rates or even cancellation. Insurance coverage is meant to be used in the event of more catastrophic claims.
Certain jobs raise rates – Did you know your job can affect your rates? Careers like lawyers, social workers, and accountants generally pay higher premium rates due to intense work-related stress and incredibly demanding work hours. Other jobs such as professors, athletes and the unemployed generally pay rates lower than average.
Qualify for multi-policy discounts – Lots of insurers will award discounts to policyholders who have multiple policies with them in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. Even with this discount, consumers should still compare other company rates to guarantee you are still saving the most. You may still be able to save money by buying car insurance from a different company.
Marriage equates to better prices – Having a significant other may cut your premiums when shopping for car insurance. It means you’re more stable financially and insurance companies like that married drivers get in fewer accidents.
Poor credit decisions can cost you – Having a bad credit score can be an important factor in calculating your car insurance rates. Therefore, if your credit history can be improved, you could pay less to insure your Dodge Ram if you improve your credit rating. Drivers with excellent credit scores tend to be better risks to insure than those with lower credit ratings.
Low mileage costs less – The more miles you rack up on your Dodge annually the higher your rate. A lot of companies charge rates based upon how much you drive. Cars and trucks used primarily for pleasure use can get a lower rate than vehicles that are driven to work every day. Having an incorrect usage rating on your Ram is throwing money out the window. Ask your agent if your policy is rated on the correct usage.
Cautious drivers pay less – Just one driving citation can boost insurance rates by as much as thirty percent. Careful drivers get better rates than their less careful counterparts. Drivers unfortunate enough to have license-revoking tickets such as reckless driving or DUI might be required by their state to submit a SR-22 or proof of financial responsibility with their state in order to prevent a license revocation.
The example below illustrates how violations and at-fault fender-benders can raise Dodge Ram premium costs for different ages of insureds. The data assumes a single male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.
The following companies have been selected to offer comparison quotes in California. If multiple companies are shown, we suggest you visit two to three different companies to find the most affordable auto insurance rates.
Dodge Ram coverage statistics
The information displayed below covers detailed analysis of insurance rates for Dodge Ram models. Learning more about how insurance policy rates are figured helps drivers make decisions on the best policy coverages.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ram Quad Cab ST 2WD||$434||$564||$654||$38||$196||$1,886||$157|
|Ram Quad Cab TRX4 Off Road 2WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Quad Cab SLT 2WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Crew Cab ST 2WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Quad Cab ST 4WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Crew Cab SLT 2WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Crew Cab TRX 2WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Quad Cab SLT 4WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Crew Cab ST 4WD||$490||$686||$654||$38||$196||$2,064||$172|
|Ram Crew Cab Sport 2WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Quad Cab Sport 2WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Quad Cab TRX4 Off Road 4WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Crew Cab TRX 4WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Crew Cab SLT 4WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Quad Cab Laramie 2WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Crew Cab Laramie 2WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Crew Cab Sport 4WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Quad Cab Sport 4WD||$546||$810||$654||$38||$196||$2,244||$187|
|Ram Crew Cab Laramie 4WD||$546||$932||$654||$38||$196||$2,366||$197|
|Ram Quad Cab Laramie 4WD||$546||$932||$654||$38||$196||$2,366||$197|
|Get Your Own Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Price estimates do not factor in vehicle location which can influence coverage rates substantially.
Do you need full coverage?
The chart below shows the comparison of Dodge Ram car insurance costs when comparing full coverage to state minimum liability only. The data assumes a clean driving record, no at-fault accidents, $500 deductibles, single status, and no discounts are applied.
When to drop full coverage
There is no definitive rule of when to eliminate full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then it may be the right time to buy liability only.
For example, let’s assume your Dodge Ram settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after paying the physical damage deductible. If it’s costing in excess of $200 a year for your policy with full coverage, then it might be time to buy liability only.
There are some cases where dropping physical damage coverage is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Choosing Ram insurance is an important decision
Despite the high insurance cost for a Dodge Ram in Riverside, insuring your vehicle is not optional due to several reasons.
First, the majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
Second, if you have a loan on your Dodge Ram, most banks will require you to have full coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender will be forced to insure your Dodge at a more expensive rate and require you to reimburse them for the expensive policy.
Third, insurance safeguards not only your Dodge but also your assets. Insurance will also pay for medical expenses for yourself as well as anyone injured by you. Liability insurance also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your Dodge gets damaged, comprehensive and collision coverage will pay to repair the damage.
The benefits of having insurance more than offset the price you pay, especially when you need to use it. On average, a vehicle owner in Riverside overpays more than $869 every year so it’s recommended you shop around at every renewal to be sure current rates are still competitive.
Get cheaper Dodge Ram insurance rates in Riverside
Companies don’t necessarily list every discount available in a way that’s easy to find, so the following list contains some of the more common as well as some of the hidden credits that you can use to lower your rates. If you check and find you aren’t receiving every discount you deserve, you are just wasting money.
- Air Bags and Passive Restraints – Vehicles with factory air bags or motorized seat belts can qualify for discounts of 20 to 30 percent.
- Driver Education Discount – Have your child successfully complete driver’s ed class in high school.
- Claim Free – Good drivers with no accidents can save substantially when compared to policyholders that have many claims.
- Renewal Discounts – Some insurance companies reward drivers for signing up before your current Ram insurance policy expires. The savings is around 10%.
- Auto/Life Discount – Select companies reward you with lower prices if you buy a life insurance policy as well.
- Save over 55 – If you’re over the age of 55, you may be able to get a discount up to 10%.
- Pay Upfront and Save – If you pay your entire premium ahead of time rather than spreading payments over time you may reduce your total bill.
- Paperless Signup – Some of the larger companies give back up to $50 get Riverside car insurance on the internet.
- Driver Training Discounts – Passing a course in safe driver is a good idea and can lower rates and make you a better driver.
- Drive Less and Save – Maintaining low annual mileage can earn discounted premium rates on garaged vehicles.
We need to note that some of the credits will not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like liability and collision coverage. Even though the math looks like you could get a free auto insurance policy, you’re out of luck.
The diagram below illustrates the comparison of Dodge Ram yearly insurance costs with and without discounts applied to the rates. Data assumes a female driver, a clean driving record, no claims, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, homeowner, multi-policy, multi-car, and claim-free discounts applied.
Companies who might offer these discounts possibly include:
Before purchasing a policy, check with each company or agent to apply every possible discount. Some discounts may not be offered in every state.
Auto insurance quotes from neighborhood Riverside auto insurance agents
Many drivers would rather get advice from a local agent and there is nothing wrong with that. Professional agents are highly skilled in risk management and help submit paperwork. The biggest benefit of comparing auto insurance online is that you can find lower premium rates and still choose a local agent.
After filling out this short form, your insurance data is immediately sent to agents in your area that can give you free Riverside car insurance quotes for your insurance coverage. It makes it easy because there is no need to contact any agents because quoted prices will be sent instantly to you. If you want to compare rates from a specific auto insurance provider, you would need to jump over to their website and fill out the quote form the provide.
Selecting an insurer requires more thought than just the price. These are some valid questions you should ask.
- Does the agent help file claims?
- Can they provide you with a list of referrals?
- Will high miles depreciate repair valuations?
- Do the companies they represent have a solid financial rating?
- Is the quote a firm price?
The following is a list of auto insurance companies in Riverside that may be able to provide comparison quotes for Dodge Ram insurance in Riverside.
Best auto insurance company in California
Picking the right insurance provider can be difficult considering how many different companies there are to choose from in California. The company rank data in the lists below could help you pick which auto insurance companies you want to consider when looking for cheaper rates.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
|AAA of Southern California||91||94||97||92%||A+||94.1|
|Compare Rates Now Go|
Data Source: Insure.com Best Car Insurance Companies
Smart shoppers get results
Affordable Dodge Ram insurance in Riverside can be found on the web as well as from insurance agents, so you should compare both to get a complete price analysis. A few companies may not offer online rate quotes and many times these smaller companies provide coverage only through independent insurance agents.
When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped comprehensive coverage or liability limits only to discover later they didn’t have enough coverage. The ultimate goal is to buy the best coverage you can find at the best possible price while still protecting your assets.
More tips and info about insurance can be found by following these links:
- Understanding your Policy (NAIC.org)
- How Much is Auto Insurance for Drivers with a DUI in Riverside? (FAQ)
- How Much are Auto Insurance Rates for Government Employees in Riverside? (FAQ)
- What Insurance is Cheapest for Drivers Requiring a SR22 in Riverside? (FAQ)
- Who Has Affordable Riverside Car Insurance After a Speeding Ticket? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- How to Avoid Staged Accidents (State Farm)