Trying to find lower insurance rates for your Dodge RAM 250? Wish you could get out of an overpriced insurance policy? Believe me when I say you are not the only one feeling buyer’s remorse.
Multiple auto insurance companies compete to insure your vehicles, so it can be very hard to choose a insurer to discover the definitive lowest rate possible.
If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this strategy. Buying car insurance is easy if you know what you’re doing. Nevertheless, vehicle owners need to learn how big insurance companies price insurance differently and take advantage of how the system works.
Insurance is not inexpensive, but there’s a good chance there are discounts that can dramatically reduce your bill. Certain discounts will be triggered automatically when you quote, but some discounts are required to be inquired about before being credited.
As a footnote on discounts, most discounts do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Despite the appearance that you could get a free insurance policy, it’s just not the way it works.
Insurance companies who may offer many of the previously listed discounts include:
Before buying, ask every insurance company to apply every possible discount. Savings might not be offered in every state.
An important part of buying insurance is that you know some of the things that go into determining your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates. Lots of factors are part of the calculation when you get a price on insurance. Some are obvious such as your driving history, but others are more transparent like your continuous coverage or your commute time.
When choosing adequate coverage for your personal vehicles, there is no “best” method to buy coverage. Every situation is different so this has to be addressed. For example, these questions may help you determine whether or not you may require specific advice.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Understanding the coverages of your policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.
Coverage for liability
This coverage protects you from damage that occurs to people or other property. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as court costs, medical expenses, bail bonds and legal defense fees. How much liability should you purchase? That is your choice, but buy higher limits if possible.
Uninsured/Underinsured Motorist (UM/UIM)
This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits do not exceed the liability coverage limits.
Comprehensive insurance
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as damage from a tornado or hurricane, rock chips in glass and falling objects. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Collision insurance
This coverage pays for damage to your RAM 250 resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as damaging your car on a curb, rolling your car, scraping a guard rail, sustaining damage from a pot hole and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP provide coverage for bills for ambulance fees, nursing services and prosthetic devices. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Low-cost 1993 Dodge RAM 250 insurance is available both online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some companies may not offer online quoting and most of the time these regional insurance providers only sell through local independent agencies.
As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone sacrificed comprehensive coverage or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy enough coverage at the best possible price, not the least amount of coverage.
More detailed auto insurance information can be read by following these links: