How Much Does 2006 Dodge Ram Pickup 1500 Insurance Cost?

Cutting costs on car insurance can be a challenge for drivers who have little experience quoting and comparing prices online. With such a big selection of agents and insurers available, it can quickly become a lot of work to find cheaper car insurance rates.

How to get the cheapest insurance coverage

To find affordable auto insurance quotes, there are several ways to get quotes from many available insurance coverage companies in your state. One of the best ways to do a complete rate comparison is to perform an online rate comparison. It is quite easy and can be accomplished using a couple different methods.

1. The recommended way to find low rates is a comparison rater form click here to open form in new window. This form saves time by eliminating multiple quote forms for each company you want a rate for. Filling out one form gets insurance cost estimates direct from many companies. Just one form and you’re done.
2. A slightly less efficient method to get comparison quotes is to manually visit each company website and complete a new quote form. For example, let’s assume you want to see prices from Progressive, Esurance and Farmers. To do that, you would have to spend time on each company’s site and enter your policy data, which is not fast way to get rate quotes.

   To view a list of companies in your area, click here.

Compare rates however you want, just be certain you are entering nearly identical deductibles and coverage limits for each price quote. If each company quotes different limits and deductibles on each one it will be very difficult to make an equal comparison. Having just a slight variation in coverage limits may result in large price differences. Keep in mind that comparing all the rates in your area helps locate the best rates. Some regional insurers cannot provide online price quotes, so it’s recommended that you also compare rates from the smaller companies as well.

Will you really save $493 on insurance coverage?

Big name companies like State Farm and Allstate endlessly run ads in print and on television. They all seem to try to convey promises about how much you will save if you just switch your insurance coverage policy to them. How is it possible that every company can give you a better price? It’s all in the numbers.

Companies have specific characteristics for the driver that earns them a profit. For instance, a driver they prefer may be between the ages of 30 and 50, has no prior claims, and the vehicle is rated for pleasure use. A driver that matches those criteria will get low prices and will save money with a new company.

Drivers who fall short of these criteria will be charged more expensive rates and this can result in the prospect going elsewhere. The wording the ads use say “people who switch” not “all people who quote” will save that much if they switch. That’s the way companies can make claims that they all have the best car insurance rates. Because of this risk profiling, drivers must compare quotes as often as possible. It’s just not possible to know which company will be your best fit.

The Dodge Ram Pickup 1500 insurance premium equation

When buying insurance coverage it’s important to understand some of the factors that aid in calculating the price you pay for insurance coverage. If you understand what determines premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels. Multiple criteria are taken into consideration when premium rates are determined. Some factors are common sense like your driving record, but other criteria are not as apparent like your vehicle usage or your financial responsibility.

• Do you really need the incidental coverages? – There are many extra add-on coverages that can waste your money if you don’t pay attention. Coverages for replacement cost coverage, accidental death, and membership fees are probably not needed. These coverages may sound good initially, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
• Cheaper rates by combining – Many insurers give a discount to insureds who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, you may still want to check prices from other companies to make sure you are getting the best deal.There is a good possibility that you can save even more than the discount by insuring with multiple companies.
• Commute or pleasure use – The higher the miles on your Dodge annually the higher your rates will be. Almost all companies calculate rates partially by how you use the vehicle. Cars and trucks that sit idle most of the time receive lower rates as compared to vehicles used primarily for driving to work. Double check that your insurance coverage declarations sheet is showing how each vehicle is driven. An improperly rated Ram Pickup 1500 may be costing you higher rates.
• An active insurance claims history can cost you more – Auto insurance companies provide the best rates to people who are not frequent claim filers. If you file a lot of claims you can expect either policy cancellation or increased premiums. Your insurance policy is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.

You may qualify for discounts

Car insurance can cost a lot, but you may find discounts that you may not even know about. Many discounts should be triggered when you purchase, but a few must be specially asked for prior to getting the savings. If you don’t get every credit available, you could be paying more than you need to.

• Fewer Miles Equal More Savings – Low mileage vehicles may allow you to get lower premium rates due to less chance of an accident.
• Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.
• Resident Student – College-age children who are attending college without a vehicle on campus may be insured at a cheaper rate.
• Discount for Multiple Policies – When you combine your auto and home insurance with one insurance company you may save 10% to 20% off each policy.
• Sign Online – A few insurance companies will give you a small discount just for signing your application on the web.
• Waiver for an Accident – This isn’t a discount exactly, but a few companies such as Allstate and Progressive will turn a blind eye to one accident before they charge you more for coverage if you have no claims for a certain period of time.
• Pay Now and Pay Less – If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
• Telematics Devices – Drivers that enable companies to analyze when and where they use their vehicle through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates as long as the data is positive.

Don’t be shocked that most discounts do not apply the the whole policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Even though the math looks like you could get a free car insurance policy, that’s just not realistic.

To see a list of providers who offer car insurance discounts, click here to view.

There’s no such thing as the perfect insurance coverage policy

When choosing proper insurance coverage for your vehicles, there really is no perfect coverage plan. Each situation is unique.

These are some specific questions might point out if your situation might need professional guidance.

• Are all vehicle passengers covered by medical payments coverage?
• Do I have newly-aquired coverage?
• Can I rate high risk drivers on liability-only vehicles?
• Does my 2006 Dodge Ram Pickup 1500 qualify for pleasure use?
• Do I pay less if my vehicle is kept in my garage?
• When should I drop full coverage on my 2006 Dodge Ram Pickup 1500?

If you can’t answer these questions, you might consider talking to an agent. To find lower rates from a local agent, complete this form.

The coverage is in the details

Having a good grasp of a car insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring.

Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for X-ray expenses, pain medications, nursing services, dental work and hospital visits. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision – This coverage pays to fix your vehicle from damage resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as hitting a mailbox, sideswiping another vehicle, rolling your car, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance – This gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and also any damage incurred to your Dodge Ram Pickup 1500.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for liability – This provides protection from damage that occurs to people or other property in an accident. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for things such as structural damage, medical expenses and medical services. How much coverage you buy is up to you, but consider buying as much as you can afford.

Comprehensive coverage (or Other than Collision) – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, falling objects and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

The best insurance company isn’t always the cheapest

Some companies don’t offer online price quotes and these regional carriers only sell through local independent agencies. Discount 2006 Dodge Ram Pickup 1500 insurance is attainable on the web in addition to many insurance agents, so you should compare both in order to have the best price selection to choose from.

When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. Too many times, an insured cut liability coverage limits and discovered at claim time that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage at a price you can afford.

Consumers switch companies for many reasons like lack of trust in their agent, policy non-renewal, an unsatisfactory settlement offer and not issuing a premium refund. Regardless of your reason, switching auto insurance companies is actually quite simple.

For more information, take a look at the articles below:

• Vehicle Insurance (Wikipedia)
• Who Has the Cheapest Auto Insurance Rates for a Dodge Ram in Charlotte? (CarolinaAutoGuard.com)
• Who Has Affordable Auto Insurance for a Dodge Ram in Fort Worth? (InsureFortWorth.com)
• Auto Theft Statistics (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• Young Drivers: The High Risk Years Video (iihs.org)