2006 Dodge Ram Pickup 2500 Insurance Rates – 6 Policy Discounts

Trying to find cheaper insurance coverage rates for your Dodge Ram Pickup 2500? I can’t think of a single person who loves paying for insurance coverage, in particular when they could find better prices if they shop around. Numerous insurance companies battle for your business, and it can be difficult to compare rates to find the cheapest price

You need to do price comparisons once or twice a year because insurance rates are variable and change quite frequently. Even if you think you had the best premium rates on Ram pickup coverage two years ago you can probably find a lower rate today. There are lots of tips to save on insurance coverage out there, but by reading this article, you’re going to learn the best ways to lower your insurance coverage rates.

More affordable rates with these six discounts

Car insurance is not cheap, but discounts can save money and there are some available that could help you make your next renewal payment. Some discounts will apply when you quote, but a few need to be specially asked for prior to receiving the credit.

  • Early Signing – Some larger companies give discounts for switching policies prior to your current policy expiration. The savings is around 10%.
  • Defensive Driving Course – Passing a safe driver class could save 5% or more if you qualify.
  • Memberships – Being in qualifying clubs or civic groups could qualify you for a break on your next car insurance statement.
  • Air Bag Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Low Mileage Discounts – Low annual miles could be rewarded with slightly better prices than normal.
  • Policy Bundle Discount – If you insure your home and vehicles with the same insurance company you could get a discount of at least 10% off all policies.

Don’t be shocked that many deductions do not apply to the entire cost. Some only apply to the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears adding up those discounts means a free policy, it just doesn’t work that way.

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

  • Farm Bureau includes discounts for renewal discount, youthful driver, multi-vehicle, safe driver, 55 and retired, driver training, and multi-policy.
  • MetLife may include discounts for accident-free, defensive driver, multi-policy, good student, and claim-free.
  • Progressive offers discounts including multi-policy, continuous coverage, multi-vehicle, online quote discount, and good student.
  • AAA discounts include pay-in-full, education and occupation, multi-car, multi-policy, anti-theft, and good driver.
  • American Family policyholders can earn discounts including air bags, accident-free, Steer into Savings, multi-vehicle, bundled insurance, defensive driver, and mySafetyValet.
  • GEICO may offer discounts for driver training, multi-vehicle, daytime running lights, anti-theft, and anti-lock brakes.
  • State Farm has discounts for anti-theft, student away at school, good driver, multiple autos, and multiple policy.

When comparing rates, check with all companies you are considering how you can save money. Depending on the company, some discounts might not be available to policyholders everywhere.

Ads can be misleading

Consumers can’t ignore all the ads for cheaper insurance coverage from companies such as GEICO, State Farm and Progressive. All the companies have a common claim that people will save just by switching your insurance coverage coverage to their company.

That’s great but how can every company make the same claim? Here is how they do it.

Many companies quote the lowest rates for the type of driver that is profitable for them. An example of a profitable risk profile should be over the age of 35, owns their home, and has a high credit rating. A propective insured who matches those parameters receive the lowest rate quotes and will most likely save quite a bit of money when switching.

Insureds who fall outside the requirements may receive higher prices and this can result in the customer buying from someone else. If you listen to the ad wording, they say “drivers who switch” not “everyone who quotes” save that much money. That’s the way companies can state the savings. Because of these techniques, you really need to get price quotes at each policy renewal. It’s impossible to know which company will have the best rates for your profile.

Insurance can be complex

When buying the best insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that can aid in determining whether or not you would benefit from professional advice.

  • Is a fancy paint job covered?
  • Why am I required to buy high-risk coverage?
  • Am I covered when driving on a suspended license?
  • How do I buy GAP insurance?
  • How does medical payments coverage work?
  • When does my teenage driver need to be added to my policy?
  • Can my babysitter drive my car?
  • Do I need to file an SR-22 for a DUI in my state?

If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverages available on your car insurance policy

Having a good grasp of a car insurance policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement. Shown next are the usual coverages found on the average car insurance policy.

Collision – Collision coverage covers damage to your Ram Pickup 2500 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with a tree, hitting a mailbox, damaging your car on a curb and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as damage to your Dodge Ram Pickup 2500.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for short-term medical expenses for X-ray expenses, pain medications, surgery and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Comprehensive coverage – This pays for damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, hitting a bird, fire damage, hitting a deer and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Auto liability insurance – This protects you from injuries or damage you cause to people or other property in an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as funeral expenses, emergency aid, loss of income, legal defense fees and structural damage. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Money doesn’t grow on trees

Lower-priced 2006 Dodge Ram Pickup 2500 insurance can be found from both online companies in addition to many insurance agents, so you need to quote car insurance with both in order to have the best price selection to choose from. There are still a few companies who may not offer the ability to get a quote online and most of the time these small insurance companies prefer to sell through independent insurance agencies.

As you prepare to switch companies, never skimp on coverage in order to save money. There are many occasions where an accident victim reduced full coverage and learned later they didn’t have enough coverage. The goal is to buy the best coverage you can find at the best possible price, but don’t skip important coverages to save money.

Other articles