How Much is Insurance for a Dodge Ram in Arkansas?

Your ability to find cheaper insurance for a Dodge Ram in Arkansas relies on a complicated formula that considers factors such as how experienced of a driver you are, your geographic location, and your driving record. Drivers pay on average $1,230 annually to insure a Dodge Ram, but that rate is a valuation using rating data for a 40-year-old married female driver that includes both comprehensive and collision coverage and $250 policy deductibles.

There is a really good chance that you aren’t exactly 40 years old or even a female, maybe you are single instead of married, and maybe you have sub-par credit that needs to be factored in. Car insurance coverage is unique to each driver, so this is why the only real way to find the cheapest insurance price for your Dodge is to get into the habit of shopping around regularly.

Compare Rates and Save

The trim level of your vehicle tends to have a direct effect on the cost of insurance, so the price you will pay to insure a Ram Quad Cab ST 2WD trim level will be $290 less than the cost to insure the more well-appointed Ram Quad Cab Laramie 4WD trim level, as shown in the table below.

Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Arkansas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Information does not factor in vehicle location which can lower or raise insurance rates significantly.

Arkansas car insurance company ratings

Insuring your vehicle with the best car insurance provider can be difficult considering how many companies there are to choose from in Arkansas. The company ratings shown next could help you decide which companies to look at when insurance shopping for a Dodge Ram. These ratings include the largest companies in America, so smaller companies that only insure vehicles in Arkansas are not included in this list.

Top 10 Major Auto Insurance Companies in Arkansas Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. American Family
6. GEICO
7. Liberty Mutual
8. Esurance
9. AAA Insurance
10. The Hartford

Top Companies for Dodge Ram Insurance in Arkansas

Cost comparison with and without full coverage

Finding cheap insurance for a Dodge Ram in Arkansas is the goal of the majority of people, and one common way to buy cheaper insurance is to not buy full coverage. The example below shows the difference between insurance rates when comparing full coverage to liability only. The premiums are based on no claims or driving violations, $1,000 deductibles, single marital status, and no discounts are factored in.

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If all age groups are averaged, full coverage on your policy costs $1,834 per year more than buying just liability insurance. That brings up the question if buying full coverage is worth the expense. There is no definitive rule of when to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s assume your vehicle’s replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after the policy deductible has been paid. If premiums are more than $500 a year for your policy with full coverage, then it might be time to buy liability only.

Why you are probably overpaying for Ram insurance

Arkansas car insurance rates are calculated based on many things which can substantially change the price you pay. Improving your credit score, moving to a new city, or getting a speeding ticket can trigger changes in premium that may make certain companies affordable when they were higher priced. And not only may your rating factors change, but companies change the rates they charge in Arkansas as needed to adjust for gains or losses. Heavier than normal losses can result in additional price hikes, while a lower level of claims may result in lower-priced Ram insurance rates.

The bar chart below shows which company has the cheapest car insurance in Arkansas for a 30-year-old female driver with no prior claims, no tickets, and excellent credit. If we look at prices based on her current risk profile, USAA quotes the lowest car insurance rates in Arkansas at $991 each year. This is $918 less than the average premium paid by Arkansas drivers of $1,909. Auto Club, Travelers, Southern Farm Bureau, and State Farm round out the rest of the cheapest Arkansas auto insurance companies.

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In this next rate comparison, we will give the driver from the first example a couple of claims, a lower credit rating, and a few traffic violations. Since each insurance company has their own process for setting prices, comparing insurance quotes may now present a substantially altered list of cheap Arkansas auto insurance companies as shown below.

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Safeco now has the cheapest insurance rate in Arkansas with Farmers, Cameron Mutual, State Auto, and Auto-Owners now rounding out the top five. This demonstrates why Arkansas drivers need to shop around with many companies to find the most affordable insurance rates for a Dodge Ram.

Insurance rates can be altered by many factors and can increase or decrease at any time, so the cheapest rate when you last compared rates may now be quite expensive.

How to find low-cost insurance for a Dodge Ram

The list below summarizes some of the recommended money-saving ideas that can help Arkansas drivers find the cheapest coverage.

• Do not get traffic tickets
• Do not pay for comprehensive and collision coverage on older vehicles
• Buy safe vehicles
• Do not get into accidents
• Good credit scores may lower your rates
• Raise your physical damage coverage deductibles
• Look for cheaper rates once a year by shopping around

The final tip is remarkably critical, as we discussed in the prior article. Prices charged by car insurance companies can change considerably based on profitability, so drivers shouldn’t hesitate to buy from a new company if a better deal can be had. Brand loyalty is not necessarily bad, but we do not recommend it if that dedication is costing money that could be spent on other things. Spend a few minutes and shop around and find cheaper car insurance for a Dodge Ram.