How Much Does 2008 Dodge Ram Pickup 2500 Car Insurance Cost?

Have you finally had enough of scraping the payment together to pay your insurance coverage bill each month? You’re in the same situation as millions of other consumers. Due to the abundance of insurance providers from which to choose, it can be diffult for drivers to find the most cost effective insurance company.

The purpose of this article is to teach you how to get online quotes and some tricks to saving. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. Drivers only need an understanding of the tricks to compare company rates online.

Compare insurance rates

There are multiple methods to compare insurance prices and some are less time-consuming than others. You can waste a few hours (or days) driving to local insurance agents in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

All the larger companies are enrolled in a marketplace that allows shoppers to submit their information once, and at least one company can provide price quotes determined by their information. This saves time by eliminating quote forms to every company.

To find out what other companies charge click to open in new window.

The one downside to doing it this way is you don’t know exactly the companies you want to price. So if you prefer to choose specific insurance companies for rate comparison, we have a page of low cost insurance companies in your area. Click here to view list.

Whichever method you choose, be certain you are entering the same coverage information for each price quote. If you use higher or lower deductibles you can’t possibly make an equal comparison.

Save money by getting discounts

Some companies don’t necessarily list every possible discount very well, so we took the time to find some of the best known as well as some of the hidden credits that may apply to you.

  • Service Members Pay Less – Being on active duty in the military could trigger a small discount.
  • Sign Early and Save – Some larger companies reward drivers for renewing your policy before your current policy expires. It’s a savings of about 10%.
  • One Accident Forgiven – Not really a discount, but a few companies such as GEICO and Allstate will forgive one accident without raising rates if you are claim-free for a set time period.
  • Auto/Life Discount – Select companies reward you with lower prices if you buy some life insurance too.
  • Multi-car Discount – Buying coverage for multiple vehicles with one company can get a discount for every vehicle.
  • Discount for Passive Restraints – Factory options such as air bags and/or automatic seat belt systems may get savings of 20% or more.
  • Driver Education Discount – Teen drivers should complete a driver education course if it’s offered in school.
  • Student Discounts – Excelling in school can save 20 to 25%. Many companies even apply the discount to college students until age 25.
  • Policy Bundle Discount – If you combine your homeowners and auto policies and insure them with the same company you may earn over 10 percent off each policy depending on the company.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates all the discounts add up to a free policy, nobody gets a free ride.

For a list of insurance companies offering insurance discounts, click this link.

Your car insurance coverage should be tailored to you

When choosing adequate coverage, there really is no cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions can help discover whether your personal situation will benefit from professional help.

  • Are my tools covered if they get stolen from my vehicle?
  • Why does it cost so much to insure a teen driver?
  • How much liability do I need to cover my assets?
  • Why am I required to buy liability insurance?
  • I have health insurance so do I need medical payments coverage?
  • Is my custom paint covered by insurance?

If it’s difficult to answer those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.

The Dodge Ram Pickup 2500 insurance price equation

Many factors are used in the calculation when premium rates are determined. Some are pretty understandable such as traffic violations, but some are less apparent such as your marital status or your vehicle rating.

The factors shown below are just a few of the factors companies use to determine your premiums.

  • Maintain insurance coverage – Driving with no insurance is a big no-no and your next policy will cost more because you let your insurance coverage expire. In addition to paying higher rates, the inability to provide proof of insurance may result in a steep fine or even jail time. You may then have to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Companies want multiple policies – Some insurance companies afford a discount to policyholders that buy multiple policies in the form of a multi-policy discount. Even if you’re getting this discount you still need to shop around to ensure the best deal. It’s possible to still save even more by splitting coverages up.
  • Claim-free discounts can add up – If you file a lot of claims you can expect much higher rates or policy non-renewal. Companies provide the best rates to people that do not abuse their auto insurance. Auto insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Teenagers vs. older drivers – Drivers with little experience are statistically shown to be less responsible with other occupants in the car so insurance rates are higher. Adding a inexperienced driver onto your insurance can really hurt. Older insureds tend to be more responsible, tend to file fewer claims , and are generally more financially stable.
  • Better credit means lower prices – A driver’s credit history is a big factor in determining premium rates. Drivers with high credit ratings tend to be better drivers and file fewer claims than those with lower ratings. Therefore, if your credit history can use some improvement, you may save money insuring your 2008 Dodge Ram Pickup 2500 by improving your credit score.
  • Where do you drive? – Driving a lot of miles each year the more you’ll pay to insure your vehicle. Most insurance companies calculate rates based on their usage. Autos that have low annual miles cost less to insure than those used for commuting. Ask your agent if your declarations sheet reflects the proper vehicle usage, because improper ratings can cost you money. Having an incorrect usage rating on your Ram Pickup 2500 may be costing you.
  • Higher rates for specific jobs – Did you know your job can affect your rates? Careers such as military personnelairline pilots and stock brokers generally pay higher rates than average in part from job stress and lengthy work days. Conversely, careers like farmers, athletes and homemakers pay the least on Ram pickup insurance.

Auto insurance myths debunked

Consumers can’t get away from all the ads that promise big savings from the likes of State Farm, GEICO and Progressive. All the ads seem to make the promise that people will save just by switching to them.

But how can every company charge less that you’re paying now?

Insurance companies quote their cheapest rates for the type of driver that earns them a profit. One example of a driver they prefer could possibly be a female over age 40, has no prior claims, and drives less than 7,500 miles a year. Anyone that fits those parameters will most likely get cheap car insurance rates and most likely will save when switching.

People who do not fit those standards may receive a higher premium and the prospect going elsewhere. The wording the ads use say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently advertise the savings.

Because of these techniques, you need to do a rate comparison at every renewal. It is impossible to guess which auto insurance company will have the lowest rates.

Car insurance policy specifics

Knowing the specifics of your car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Car insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverages found on most car insurance policies.

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages are similar to your liability insurance amounts.

Comprehensive coverage (or Other than Collision) – This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, damage from a tornado or hurricane, hail damage, hitting a deer and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverages – Liability coverage will cover damage that occurs to other people or property. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability can pay for things like funeral expenses, emergency aid, loss of income 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.

Collision coverages – Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as hitting a mailbox, crashing into a ditch, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as nursing services, EMT expenses, surgery and ambulance fees. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available and may carry a deductible

Be a Smart Shopper

There are still a few companies who may not offer price quotes online regional insurance providers only sell through independent agencies. Discount 2008 Dodge Ram Pickup 2500 insurance can be purchased online and from local insurance agents, and you should compare price quotes from both to get a complete price analysis.

As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. Too many times, an insured dropped comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at an affordable rate but still have enough coverage for asset protection.

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