Searching for lower insurance rates for your Dodge Ram Pickup 3500? Did budget coverage turn out to be high-priced insurance? Believe me when I say there are a lot of people just like you who feel imprisoned by their insurance policy.
Since drivers have many insurance companies to choose from, it’s nearly impossible to choose a lower cost insurance provider.
The quickest way to compare insurance rates in your area is to realize all the major auto insurance companies pay for the opportunity to provide you with a free rate quote. All consumers are required to do is give them some information such as whether you are married, the make and model of your vehicles, whether you have decent credit, and how you use your vehicles. Your information is then submitted to multiple companies and you will get price comparisons almost instantly.
To compare multiple company rates now, click here and complete the form.
Companies like Allstate, GEICO and Progressive consistently run ads in print and on television. All the companies tend to make the same promise that people will save if you get a free insurance coverage quote and switch your policy. How can each company offer you a better deal? This is how they do it.
Companies quote their cheapest rates for the driver that earns them the highest profit. A good example of this type of risk profile could be over the age of 40, has other policies, and drives less than 5,000 miles a year. Any person that hits that “sweet spot” will get the preferred premium rates and is almost guaranteed to cut their rates substantially.
People who fall short of the requirements may be required to pay a higher premium and ends up with business not being written. The ad wording is “drivers who switch” not “everyone that quotes” can get the lowest rates when switching. That’s the way companies can truthfully make those claims.
Because each company has a different risk profile, you really should do a quote comparison often. It is just not possible to predict which company will have the best auto insurance rates for your profile.
Lots of factors are considered when you get a price on insurance. Some are obvious like your driving record, but other criteria are more obscure like your vehicle usage or your financial responsibility.
Insurance can be prohibitively expensive, but discounts can save money and there are some available that you may not know about. Certain reductions will be credited when you complete an application, but some discounts are required to be asked for before being credited.
Please keep in mind that most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like comprehensive or collision. So even though they make it sound like you could get a free insurance policy, insurance companies aren’t that generous. But any discount should help reduce your policy cost.
Auto insurance companies who might offer most of these discounts are:
Check with each company how many discounts you can get. Some credits might not be offered in every state. To see a list of companies that have a full spectrum of discounts, click this link.
When buying coverage for your personal vehicles, there is no one size fits all plan. Every situation is different and your policy should reflect that. For example, these questions may help highlight if your insurance needs might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area.
Learning about specific coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average insurance policy.
Collision coverage – This pays for damage to your Ram Pickup 3500 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like scraping a guard rail, crashing into a building and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Liability coverages – Liability coverage provides protection from damages or injuries you inflict on people or other property in an accident. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage pays for claims like repair bills for other people’s vehicles, medical expenses, court costs, structural damage and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like EMT expenses, ambulance fees and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Dodge Ram Pickup 3500.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally these limits are set the same as your liablity limits.
Comprehensive coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as falling objects, damage from a tornado or hurricane and fire damage. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
When searching for cheap insurance coverage quotes, it’s very important that you do not buy less coverage just to save a little money. There have been many cases where someone dropped liability limits or collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your aim should be to purchase plenty of coverage at the best cost, but do not skimp to save money.
More affordable insurance coverage can be bought online as well as from independent agents, and you need to comparison shop both to have the best rate selection. Some insurance coverage companies don’t offer internet price quotes and most of the time these smaller companies prefer to sell through independent insurance agencies.
More detailed insurance coverage information can be read by following these links: