Compare 1992 Dodge RAM 150 Car Insurance Rates

People not familiar with shopping for insurance online may find buying cheap insurance coverage to be a formidable task.

The purpose of this post is to help educate you on the most effective way to quote insurance. If you have car insurance now, you should be able to cut costs considerably using this information. Nevertheless, vehicle owners must understand how big insurance companies sell online and take advantage of how the system works.

Low Cost Auto Insurance

There are several ways of comparing rate quotes and find the best price. The simplest method to compare 1992 Dodge RAM 150 insurance prices is to get quotes online. It is quite easy and can be accomplished in several different ways.

The most efficient way to get the best comparison quotes is an all-inclusive rate comparison click to view form in new window. This method prevents you from having to do repetitive form entry for each company you want a rate for. A single form will get you price quotes from multiple companies. It’s definitely the quickest method.

A harder way to get quotes online requires you to visit each company’s website and complete a new quote form. For example, let’s assume you want to compare rates from Farmers, Safeco and Liberty Mutual. You would have to visit each site to input your insurance information, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

The most time-consuming method to get comparison rates is driving around to and from local insurance agencies. The internet eliminates the need for an insurance agent unless you require the personal advice only provided by licensed agents. You can, however, get prices online and still use a local agent. We’ll cover that shortly.

It doesn’t matter which method you choose, just make absolute certain that you use the exact same coverages on every quote. If each company quotes different deductibles it will be next to impossible to determine which rate is truly the best. Just a small difference in coverages can mean a large discrepancy in price. It’s important to know that more quotes provides better odds of finding the best offered rates.

Companies offer discounts so take them!

Insuring your vehicles can cost a lot, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied when you get a quote, but some may not be applied and must be requested specifically in order for you to get them.

  • Safety Course Discount – Successfully completing a course teaching defensive driving skills could cut 5% off your bill and easily recoup the cost of the course.
  • Air Bag Discount – Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Government Employees – Simply working for the federal government can earn a discount up to 10% on RAM 150 coverage with certain companies.
  • Multi-policy Discount – If you have multiple policies with the same company you may save up to 20% off your total premium.
  • Resident Student – Children who are attending college and do not have a car can be insured at a reduced rate.
  • Service Members Pay Less – Having a family member in the military could mean lower rates.

It’s important to note that some of the credits will not apply the the whole policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like you could get a free insurance coverage policy, it doesn’t quite work that way. Any amount of discount will help reduce the amount you have to pay.

For a list of insurance companies offering insurance coverage discounts, click here.

Dodge RAM 150 premiums are determined by many factors

Smart consumers have a good feel for the rating factors that play a part in calculating your insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that will entitle you to much lower annual insurance costs.

Shown below are a partial list of the pieces companies use to determine prices.

  • Drive less and save money – The more you drive every year the higher your rate. Most insurance companies apply a rate based upon how you use the vehicle. Vehicles left parked in the garage receive lower rates than vehicles that are driven to work every day. Make sure your insurance policy is rated on the correct driver usage, because improper ratings can cost you money. If your policy improperly rates your RAM 150 can result in significantly higher rates.
  • Lower deductibles cost more – Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your Dodge from damage. Examples of covered claims would be collision with another vehicle, vandalism, and windstorm damage. Your deductibles are the amount of money you are willing to pay in the event of a claim. The higher the amount you’re willing to pay, the less your company will charge you for insurance on RAM 150 coverage.
  • Protect yourself with liability coverage – Your policy’s liability coverage will protect you if ever you are found liable for causing damage or personal injury in an accident. It will provide legal defense which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • Safer cars cost less to insure – Safer cars can get you lower premiums. Safer cars have better occupant injury protection and lower injury rates means less money paid by your insurance company and more competitive rates for policyholders. If the Dodge RAM 150 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Multiple policies with one company can save – The majority of insurance companies will award you with lower prices to policyholders who consolidate policies with them such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even though this discount sounds good, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible. Consumers may find better rates by buying insurance from more than one company.
  • Where you live can impact rates – Being located in small towns and rural areas has it’s advantages when buying insurance. Less people living in that area translates into fewer accidents and also fewer theft and vandalism claims. Drivers who live in large cities tend to have congested traffic and much longer commute distances. Longer commute distances means higher likelihood of an accident.
  • Your stress level may be raising your rates – Jobs such as lawyers, business owners and accountants have higher rates than average in part from job stress and lots of time spent at work. On the flip side, occupations like farmers, athletes and the unemployed get better rates on RAM 150 coverage.
  • Tickets mean higher rates – Your driving record has a big impact on rates. Good drivers tend to pay less for car insurance compared to drivers with tickets. Just one ticket can increase rates forty percent or more. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to submit a SR-22 form with their state motor vehicle department in order to keep their license.

Do I just need basic coverages?

When buying coverage, there isn’t really a perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help highlight whether you would benefit from an agent’s advice.

  • Am I getting all the discounts available?
  • I don’t drive much so do I pay less?
  • Exactly who is provided coverage by my policy?
  • Should I bundle my homeowners policy with my auto?
  • Am I covered when driving in Canada or Mexico?
  • How can I force my company to pay a claim?
  • Is my teen driver covered when they drive my company car?
  • Do I need PIP coverage since I have good health insurance?
  • What are the financial responsibility laws in my state?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form.

The fine print in insurance coverage ads

21st Century, Allstate and State Farm consistently run ads on television and other media. All the companies say the same thing that you can save if you change to them. How does each company say the same thing? This is how they do it.

All the different companies have a certain “appetite” for the type of customer that earns them a profit. A good example of a driver they prefer could possibly be over the age of 40, a clean driving record, and has great credit. A driver who fits that profile gets the lowest rates and is almost guaranteed to save when switching.

Drivers who fall outside this ideal profile will be quoted more money which leads to business going elsewhere. The ads state “drivers who switch” but not “drivers who get quotes” save money. That’s the way companies can claim big savings.

This emphasizes why drivers must get a wide range of price quotes. You cannot predict which company will provide you with the cheapest Dodge RAM 150 insurance rates.

Insurance coverages explained

Understanding the coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and coverage can change by endorsement.

UM/UIM Coverage

This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are identical to your policy’s liability coverage.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for immediate expenses such as dental work, X-ray expenses and funeral costs. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverages

This will cover damage or injury you incur to a person or their property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability coverage pays for claims like medical expenses, repair costs for stationary objects, repair bills for other people’s vehicles and bail bonds. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive or Other Than Collision

This coverage 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 insurance covers claims like damage from getting keyed, hail damage and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision insurance

This pays for damage to your RAM 150 resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like crashing into a building, colliding with another moving vehicle and driving through your garage door. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Shop smart and save

You just read a lot of information how to save on 1992 Dodge RAM 150 insurance. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may even find the best prices are with a small mutual company.

As you shop your coverage around, it’s a bad idea to sacrifice coverage to reduce premiums. There are many occasions where an insured dropped collision coverage only to discover later that it was a big error on their part. Your aim should be to find the BEST coverage for the lowest price, not the least amount of coverage.

Insureds change insurance companies for any number of reasons including policy cancellation, unfair underwriting practices, an unsatisfactory settlement offer and even high prices. Whatever your reason, choosing a new insurance company can be pretty painless.

More detailed insurance information can be found by following these links: