Best Cheap Insurance Quotes for a Dodge Ram in New Mexico

The chances of finding the best cheap coverage for a Dodge Ram in New Mexico depends on a complex formula that considers things such as when you were born, your credit score, and your policy deductibles. New Mexico drivers pay around $1,030 per year to buy insurance for a Dodge Ram, but that amount is an estimation using cost data for a 50-year-old married female driver who requires full comprehensive and collision coverage and $250 physical damage deductibles.

There is a high probability that you are not 50 and maybe not even a female, single instead of married, or maybe you prefer to not insure for full coverage. Just a slight difference in the criteria used to calculate rates can result in big changes in price quotes.

The different assumptions illustrate why the most reliable method for finding the cheapest rates for your Dodge is to put in the effort to do a thorough rate comparison. Do a quick rate comparison now and you will get price quotes from the cheapest companies that insure vehicles in New Mexico.

Find Cheaper Dodge Ram Insurance

Your Dodge’s trim level can impact the insurance rate, so the rate you pay to insure a Ram Quad Cab ST 2WD will be $236 less expensive the price to insure the higher-priced Ram Quad Cab Laramie 4WD model, as shown in the chart below.

Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Estimates do not factor in vehicle location which can affect price quotes noticeably.

What is the best car insurance company in New Mexico?

Choosing a good quality insurance provider is difficult considering how many companies sell insurance in New Mexico. The rank data shown below can help you select which insurers you want to consider when trying to find the cheapest insurance for a Dodge Ram.

The rankings below are only made up of major nationwide insurance companies, so companies that have a smaller presence are not included in the list. To view rates from these top-rated insurers and more, just click here.

Top 10 Large Auto Insurance Companies in New Mexico Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. Progressive
5. GEICO
6. Liberty Mutual
7. Allstate
8. Titan Insurance
9. The Hartford
10. The General

Top Companies for Dodge Ram Insurance in New Mexico

Cost comparison with and without full coverage

Finding the best cheap insurance for a Dodge Ram in New Mexico is probably important to most vehicle owners, and one great way to buy cheap insurance is to buy liability only. The information below compares insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no other discounts are factored in.

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As an average, full coverage on your policy costs $1,942 per year over and above liability coverage. Lot’s of drivers question if you should buy full coverage. There is no set rule to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your vehicle’s claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after paying your policy deductible. If you are currently paying more than $800 annually to have full coverage, then it may be the right time to buy liability only.

Allstate, State Farm, Geico, or Progressive: Which is best?

If you’re looking for the best insurance for a Ram pickup, probably the best companies to start with are Allstate, State Farm, Geico, and Progressive. All of them have a distict selection of optional coverages and features that may influence your choice. The following table compares price and claims rank as well as some different options offered by each company.

How to get the best cheap insurance for a Dodge Ram in New Mexico

Below you’ll find a few penny-pinching solutions that can help you locate lower-cost coverage.

• Bundle car and home insurance and save money
• Good credit scores may lower your rates
• Violations like speeding or DUI increase rates
• Try to not file small claims
• Avoid preventable accidents
• Increase deductibles to save money
• Ensure you have the best deal by shopping around regularly

That last idea is notably vital, as we emphasized in the prior information. Coverage rates can change considerably based on profitability, so drivers shouldn’t hesitate to buy a policy from a new company if a cheaper rate is available.

Many consumers stick with the same company and that’s fine, but it’s not a good idea if that faithfulness ends up costing you hundreds of dollars a year. Now is a great time to compare rates to find cheaper car insurance for a Dodge Ram.