Cheapest Insurance Quotes for a Dodge Ram in Kentucky

Our editors keep telling us that when writing about car insurance, the words “cheap” or “affordable” should not be used anywhere in the article as a descriptor for auto insurance rates. Please forgive the oxymoron, but cheap auto insurance for a Dodge Ram is not easy to find. But don’t let us ruin your dream, because we will tell you how you can still get insurance that is cheaper than what you have now.

Buying the cheapest coverage for a Dodge Ram in Kentucky relies on many factors such as whether or not you own a home, where your vehicle is garaged, and if you have any chargeable driving offenses. Kentucky drivers pay around $1,400 each year for Ram insurance, but that is an estimate that uses a 30-year-old single male with comprehensive and collision coverage and $250 policy deductibles.

That rate won’t apply to everyone, because more than likely you are not 30 and possibly not even male, maybe you are married instead of single, and there is a good chance that there are other drivers on your policy. Each driver’s needs are different, and that demonstrates why the best way to quote affordable rates for your Dodge is to do your own rate comparisons.

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The trim level of your vehicle will likely have an effect on the coverage cost, so the rate you pay to insure a Ram Quad Cab ST 2WD trim level will be $300 cheaper than the price to insure the higher-priced Ram Quad Cab Laramie 4WD trim level, as shown in the table below.

Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Information does not factor in the specific area where the vehicle is garaged which can modify coverage prices noticeably.

Finding out which company quotes the cheapest car insurance rates for a Dodge Ram involves a little more work in order to find the most economical policy. Every auto insurer uses a little different formula for filing rates in each state, so let’s take a look at the car insurance companies with the overall best prices in Kentucky.

We do need to point out that Kentucky car insurance rates are impacted by many things which can substantially change the price you pay. Simply having a birthday, getting divorced, or getting caught speeding can cause premium changes that can cause some rates to be cheaper than before.

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Cincinnati Insurance normally has some of the lowest car insurance rates in Kentucky at around $1,115 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual would also make the list of some of the most economical Kentucky car insurance companies.

In this example, if you are a customer of Auto-Owners and switched to Cincinnati Insurance, you may see an annual savings of roughly $284. Drivers with Motorists Mutual may save as much as $438 a year, and Grange Mutual policyholders might reduce prices by as much as $462 a year.

It’s important to note that these policy rates are averages for all types of insureds and vehicles and and are not figured with a specific rate factor for a Dodge Ram. So the car insurance company that fits you best may not even be featured in the list of companies shown earlier. That emphasizes why you need to get car insurance quotes using your own personal information and vehicle type.

Liability rates compared to full coverage

Finding the cheapest insurance for a Dodge Ram in Kentucky is the goal of most people, and one of the best ways to pay less for insurance is to only pay for liability coverage. The chart below illustrates the difference between insurance costs with and without full coverage. The prices are based on no accidents, no driving violations, $500 deductibles, drivers are single, and no additional discounts are factored in.

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If all age groups are averaged, full coverage on your policy costs $1,974 per year more than buying just liability insurance. At some point, every insured wonders if buying full coverage is a good investment. There is no written rule for dropping physical damage coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s replacement value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after the policy deductible has been paid. If it’s costing you more than $600 annually for full coverage, then it’s probably a good time to buy liability coverage only.

Why you should be shopping around

Kentucky car insurance rates are impacted by many things which can significantly increase or decrease the price you pay. Turning one year older, having a teen driver, or having an accident may cause policy rate changes that can make some companies cheaper than competitors. Not only may your situation change, but insurers change rates every year in order to remain profitable. Significantly higher losses may result in rate hikes, while a better claims history can result in lower-cost Ram insurance rates.

To help illustrate this point, the graph below shows the company with the cheapest car insurance in Kentucky for a 45-year-old female driver with no prior accidents, a clean driving record, and a good credit rating. If we estimate rates based on her personal risk profile, Cincinnati Insurance may offer the lowest car insurance rates in Kentucky at $1,093 annually. This is $1,050 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also included in the most affordable Kentucky auto insurance companies.

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In the next rate comparison, we’ll give the driver in the first example a claim, a little lower credit rating, and a blemish on her driving record. Because every insurance company has a proprietary method for setting prices, analyzing rates may result in a significantly different list of the cheapest Kentucky car insurance companies as shown below.

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Kentucky Farm Bureau now has the cheapest price in Kentucky with USAA, Travelers, State Farm, and Westfield also being competitive. This illustrates why Kentucky drivers need to perform an extensive rate comparison to get the lowest car insurance quotes for a Dodge Ram. Prices are determined by many different factors and change substantially, so the best company three years ago may now be quite expensive.

Ideas for buying cheaper auto insurance for a Dodge Ram

Here are many money-saving solutions that can help drivers find more affordable car insurance.

• Drive safe vehicles
• Buy your homeowners policy from the same company as your auto insurance
• Claim-free drivers earn discounts
• Speeding tickets and other violations increase rates
• At-fault accidents will increase rates
• Compare price quotes at least once a year

The last idea is certainly crucial, as we noted in this piece. Auto insurance prices can change significantly in a year, so don’t be afraid to buy from a different company if a more affordable rate is found. Having a favorite company is great, but it’s not recommended if that dedication is costing a small fortune year after year. It only takes a couple minutes to compare rates to find cheaper insurance for a Dodge Ram.

Cheapest Dodge Ram insurance quotes

Thanks to technology, there are a lot of ways to purchase car insurance in Kentucky, but the most popular ways are from an exclusive insurance agency like Liberty Mutual or State Farm, an independent insurance agent, or from a direct company like Progressive.

You can use whichever you prefer, but they are slightly different in how they price policies.

Independent insurance agencies can place your business with multiple companies and can quote your policy with every one. Agents of this type are able to provide you with more rate quotes, which can give you the best chance of saving money. If prices rise, it’s easy for the agent to move the policy which prevents you from having to switch agents.

An exclusive ageny is usually just provide rates from a single insurance company, two examples are an Allstate or State Farm agent. These agents are unable to quote prices from more than just one company, so they really need to provide good service.

If you choose to buy car insurance direct, you skip local insurance agents and instead buy buying direct from a company like Progressive or Geico. Shopping for car insurance direct may be a decent choice drivers who do not need high amounts of coverage and know more than average about how car insurance works and possible exclusions.

So which of those three methods works best to buy the cheapest insurance for a Dodge Ram in Kentucky? The majority of people assume that shopping direct saves money since there is no need to pay agent commissions, but in reality, that is not true. It would also be easy to say buying car insurance from an independent agent is the best way since they can provide multiple quotes, but that assumption is not true either. In many cases, exclusive agents may have very competitive prices well below independent agents AND direct companies.

Because it’s impossible to say who has the best car insurance rates, the only real way to get the cheapest rates is to compare lots of quotes. To cover all the bases, get prices from all three to get an idea of which is cheapest. For a list of companies with cheap rates in Kentucky, click here to view.