Compare 2002 Dodge Ram Pickup 1500 Insurance Quotes

Searching for the cheapest insurance coverage rates for your Dodge Ram Pickup 1500? Comparison shopping for cheap Driversinsurance coverage could be a challenge for drivers new to online rate comparisons. People have so many options available that it can turn into a difficult situation to find the lowest price.

Car insurance companies offer lots of discounts

Companies don’t list every possible discount in a way that’s easy to find, so the next list breaks down some of the best known as well as the least known credits available to you.

  • Distant Student Discount – Children living away from home attending college and don’t have a car can receive lower rates.
  • E-sign – Some of the larger companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Multiple Cars – Having several vehicles on the same car insurance policy can reduce the rates for all insured vehicles.
  • Early Signing – A few larger companies allow discounts for renewing your policy prior to your current policy expiration. It could save around 10% when you buy insurance coverage online.
  • Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and qualify for as much as a 10% discount.
  • Pay Now and Pay Less – If you can afford to pay the entire bill instead of monthly or quarterly installments you may reduce your total bill.
  • Discount for Life Insurance – If the company offers life insurance, you could get lower premium rates if you buy life insurance.
  • Professional Memberships – Being a member of qualifying employment or professional organizations can get you a small discount on your policy.
  • One Accident Forgiven – Not a discount per se, but certain companies will forgive one accident without getting socked with a rate hike as long as you don’t have any claims prior to the accident.
  • Homeowners Savings – Simply owning a home can earn you a little savings because owning a home requires a higher level of personal finance.

As a footnote on discounts, some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it’s just not the way it works.

A few companies that may include some of the discounts shown above are:

Check with every company how many discounts you can get. Depending on the company, some discounts may not apply in your area. If you would like to choose from a list of car insurance companies that offer discounts, click here to view.

The best way to compare car insurance rates utilizes the fact all the major auto insurance companies participate in a system to give you rate quotes. To begin a comparison, all you need to do is provide information including if the car is leased, coverage limits, how old drivers are, and your general credit rating. That information is instantly provided to insurance carriers in your area and they return cost estimate very quickly.

Smart buyers save more

The best way to find cheaper insurance is to take a look at some of the elements that come into play when calculating the level of your policy premiums. If you have some idea of what controls the rates you pay, this helps enable you to make changes that can earn you lower rates. Many factors are part of the calculation when premium rates are determined. Some are obvious such as your driving record, but some are less obvious like your continuous coverage or how safe your car is.

  • Low physical damage deductibles mean high premiums – Deductibles for physical damage define how much you are willing to pay before a claim is paid by your company. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some coverage claims would be colliding with a stationary object, animal collisions, or theft of your vehicle. The more you choose to pay out-of-pocket, the less your insurance will be for Ram pickup insurance.
  • Don’t get traffic citations – Drivers who don’t get tickets get better rates as compared to those with violations. Even a single citation can boost insurance rates forty percent or more. Drivers who have multiple violations like reckless driving or DUI may need to file a SR-22 with their state in order to keep their license.
  • With age comes lower rates – Older people are proven to be safer behind the wheel, are lower risk to insure and receive fewer citations.Drivers with little experience are proven to be more careless in a vehicle therefore insurance rates are much higher.
  • Cut insurance rates and deter theft – Driving a car with a theft deterrent system can save you some money. Theft prevention features like OnStar, LoJack tracking, and tamper alarms all hinder vehicle theft.
  • Save miles and save money – The more you drive your Dodge in a year’s time the higher your rates will be. Most insurance companies charge to insure your cars partially by how you use the vehicle. Cars and trucks left parked in the garage can get a lower rate than vehicles that have high annual mileage. Make sure your insurance declarations sheet is showing how each vehicle is driven, because it can save money. Having the wrong rating on your Ram Pickup 1500 can cost quite a bit.
  • Rates may be lower depending on your employer – Careers such as fire fighterspolice officers and financial analysts have higher average rates because of high stress levels and lots of time spent at work. On the flip side, careers like actors, students and the unemployed have lower than average premiums for Ram pickup insurance.

Do I just need basic coverages?

When choosing coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different.

Here are some questions about coverages that could help you determine if your situation will benefit from professional help.

  • Is there coverage for injuries to my pets?
  • How do I buy GAP insurance?
  • How does medical payments coverage work?
  • Is a new car covered when I drive it off the dealer lot?
  • Do I need rental car coverage?
  • Can my teen driver be rated on a liability-only vehicle?
  • How high should my uninsured/underinsured coverage be in my state?

If you can’t answer these questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form.

Don’t believe everything you hear

Companies like State Farm and Allstate seem to constantly run ads on television and other media. All the companies seem to make the promise that drivers will save a bundle if you move to them. How do they all give you a lower rate? Just pay attention to how they say it.

Insurance companies have specific criteria for the type of customer they prefer to insure. An example of a desirable risk may need to be over the age of 35, insures multiple vehicles, and has a short commute. Anybody that hits that “sweet spot” will get the preferred premium rates and therefore will save if they switch.

Insureds who may not quite match the ideal profile will see a more expensive rate and this results in business going elsewhere. If you pay attention, the ads say “customers who switch” not “everyone who quotes” save that much money. That’s the way companies can truthfully make claims that they all have the best prices. Because each company has a different risk profile, drivers should get insurance coverage quotes as often as possible. It’s not possible to predict which company will have the lowest premium rates for your situation.

Auto insurance coverage basics

Having a good grasp of auto insurance helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Dodge Ram Pickup 1500.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for liability

This provides protection from injuries or damage you cause to a person or their property that is your fault. It protects you against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 which stand for a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like pain and suffering, bail bonds, emergency aid and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but buy as high a limit as you can afford.

Comprehensive auto coverage

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as damage from getting keyed, falling objects, rock chips in glass, fire damage and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as chiropractic care, hospital visits, prosthetic devices, X-ray expenses and EMT expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision insurance

This coverage covers damage to your Ram Pickup 1500 caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like sustaining damage from a pot hole, hitting a parking meter, damaging your car on a curb, crashing into a ditch and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

At the end of the day…

When searching for cheap insurance coverage quotes, you should never buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped liability limits or collision coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at the best cost but still have enough coverage for asset protection.

Cheaper insurance coverage can be bought from both online companies and from local insurance agents, and you need to price shop both to have the best selection. Some companies may not offer internet price quotes and these small insurance companies sell through independent insurance agents.

Drivers change insurance companies for many reasons like unfair underwriting practices, extreme rates for teen drivers, being labeled a high risk driver and even delays in responding to claim requests. Regardless of your reason for switching companies, finding a great new company is not as hard as you think.

Additional detailed information can be found in the articles below: