1992 Dodge Ram 50 Pickup Insurance Rates – 10 Savings Tips

Shoppers have lots of choices when shopping for the lowest priced Dodge Ram 50 Pickup insurance. You can either waste hours contacting agents getting price quotes or save time using the internet to make rate comparisons. There is a right way and a wrong way to shop for insurance and we’ll show you the quickest way to price shop coverage for a new or used Dodge and locate the cheapest rates.

It’s a great practice to do rate comparisons at least once a year because insurance prices tend to go up over time. If you had the best rate for Ram 50 pickup insurance at your last renewal you can probably find a lower rate today. You’ll find a ton of advice on insurance online but in a few minutes you can learn the best ways to buy insurance cheaper.

Choosing the best insurance company for you is easy if you know what you’re doing. If you are paying for car insurance now, you should be able to save some money using these techniques. Vehicle owners just need to understand the best way to compare prices online.

Auto insurance policy discounts

Some insurance providers do not list the entire discount list in a way that’s easy to find, so here is a list both well-publicized and also the more inconspicuous ways to save on auto insurance.

  • New Vehicle Savings – Buying coverage on a new vehicle can save up to 30% since new vehicles have better safety ratings.
  • Theft Deterent Discount – Cars with anti-theft systems prevent vehicle theft and that can save you a little bit as well.
  • Homeowners Savings – Just owning your own home can earn you a little savings because of the fact that having a home means you have a higher level of financial diligence.
  • Accident Forgiveness – Not necessarily a discount, but companies like Geico, Allstate and Liberty Mutual will turn a blind eye to one accident without getting socked with a rate hike as long as you don’t have any claims for a specific time period.
  • Early Switch Discount – Some auto insurance companies give discounts for switching companies before your current expiration date. This discount can save up to 10%.
  • Multi-Vehicle Discounts – Buying insurance for several vehicles with the same company can get a discount on all vehicles.
  • Student in College – who are enrolled in higher education away from home and leave their car at home can receive lower rates.
  • Driver Education Discount – Cut your cost by having your teen driver enroll and complete driver’s education in high school.
  • Seat Belts Save more than Lives – Drivers who require all vehicle occupants to buckle up could save 15% on medical payment and PIP coverage.
  • Active Military Service – Being on active duty in the military could qualify you for better auto insurance rates.

Consumers should know that most discount credits are not given to the entire cost. Most only reduce the price of certain insurance coverages like comp or med pay. So even though you would think you would end up receiving a 100% discount, you aren’t that lucky. Any qualifying discounts will cut the amount you pay for coverage.

A few popular companies and a partial list of their discounts are shown below.

  • Progressive policyholders can earn discounts including homeowner, continuous coverage, multi-policy, good student, multi-vehicle, online signing, and online quote discount.
  • SAFECO offers discounts for anti-theft, homeowner, teen safe driver, accident prevention training, and safe driver.
  • American Family discounts include air bags, TimeAway discount, Steer into Savings, early bird, accident-free, and bundled insurance.
  • MetLife has discounts for claim-free, good student, defensive driver, accident-free, good driver, and multi-policy.
  • Geico has savings for emergency military deployment, military active duty, air bags, multi-policy, federal employee, five-year accident-free, and seat belt use.
  • The Hartford offers premium reductions for air bag, driver training, bundle, defensive driver, and vehicle fuel type.

When quoting, ask all companies you are considering what discounts are available to you. A few discounts may not apply to policies everywhere. To choose insurers with the best discounts, follow this link.

How do I know if I need professional advice?

When choosing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different.

For example, these questions may help highlight whether or not you might need an agent’s assistance.

  • Does having multiple vehicles earn me a discount?
  • Should I waive the damage coverage when renting a car?
  • Where can I find DUI or SR-22 insurance?
  • Do I have any recourse if my insurance company denies a claim?
  • Is pleasure use cheaper than using my 1992 Dodge Ram 50 Pickup to commute?
  • When should I remove comp and collision on my 1992 Dodge Ram 50 Pickup?

If you can’t answer these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form. It’s fast, free and you can get the answers you need.

Save $444 a year? Really?

Consumers can’t avoid all the ads that claim the best premium rates from the likes of Geico, State Farm and Progressive. All the ads seem to make the promise that drivers can save some big amount if you just switch your coverage.

How does every company make the same claim? This is how they do it.

Companies give the best rates for the type of insured that will generate a profit. A good example of a desirable insured could be between 30 and 50, owns a home, and has excellent credit. Any person who meets those qualifications will get very good car insurance rates and as a result will probably save a lot if they switch.

Consumers who may not quite match these stringent criteria will probably have to pay more expensive rates which usually ends up with the customer not buying. If you listen closely, the ads state “people who switch” not “all people who quote” save that much money. That’s the way companies can claim big savings. Because of this risk profiling, you need to compare quotes as often as possible. Because you never know which insurance companies will provide the lowest premium rates.

Car insurance coverage information

Learning about specific coverages of a insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy.

Auto liability insurance

Liability coverage protects you from damage that occurs to a person or their property in an accident. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability can pay for things such as repair bills for other people’s vehicles, attorney fees, funeral expenses and repair costs for stationary objects. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for things like dental work, doctor visits and EMT expenses. They are utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Comprehensive coverage

This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims such as hitting a bird, a broken windshield and damage from flooding. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision protection

Collision coverage will pay to fix damage to your Ram 50 Pickup caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as colliding with another moving vehicle, scraping a guard rail, driving through your garage door and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to get cheaper collision coverage.

Buy Smart and Save

Drivers switch companies for any number of reasons including an unsatisfactory settlement offer, extreme rates for teen drivers, policy non-renewal or even unfair underwriting practices. No matter why you want to switch, switching companies is pretty easy and you might even save some money in the process.

As you shop your coverage around, don’t be tempted to buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal is to get the best coverage possible at the lowest possible cost but still have enough coverage for asset protection.

A few companies don’t offer internet price quotes and most of the time these small insurance companies sell through independent agents. Lower-priced insurance coverage can be found on the web as well as from independent agents, and you should compare rates from both in order to have the best chance of saving money.

Much more information about insurance coverage is located at these links: