Who Has the Cheapest Insurance for a Dodge Ram in New Jersey?

When writing about shopping for car insurance, the words “cheap” or “affordable” should never be used as a descriptor for auto insurance rates. Please forgive the oxymoron, but cheap auto insurance for a Dodge Ram can be hard, if not impossible, to find. Don’t let that discourage you, because we are going to tell you how you can still find and buy coverage that you are able to afford.

Your chances of finding cheap auto insurance for a Dodge Ram in New Jersey is dependent upon a large number of factors such as if you own the home you live in, your geographic location, and your driving record. Drivers in New Jersey pay an average of $1,530 per year to insure a Dodge Ram, but that policy rate is an estimation using rating data for a 40-year-old married male driver who requires comprehensive and collision coverage and $500 deductibles.

If we were betting, you are not 40 and maybe not even a male, maybe you are single instead of married, and you may just want the cheapest liability coverage you can find. Just a minor change in rating criteria or coverage limits could end up in a significant change in the policy rate.

There is no perfect policy for every driver, so the most reliable method for finding the cheapest coverage for your Dodge is to do a thorough rate comparison.

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The specific trim level will most likely have an effect on the cost of coverage, so the price you pay to insure a Ram Quad Cab ST 2WD model will be $320 less expensive the insurance cost for the fancier Ram Quad Cab Laramie 4WD version, as shown in the chart below.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in specific New Jersey garaging location which can change auto insurance rates substantially.

Trying to find cheap car insurance is easier said than done, and finding out which insurers offer the most affordable car insurance rates for a Dodge Ram will take even more diligence.

Every car insurance company uses slightly different criteria to determine rates, so we need to take a look at the car insurance companies that tend to be cheaper in New Jersey. It’s important that readers know that New Jersey car insurance rates are determined by lots of factors that can increase the price you pay. Simply having a birthday, marrying your spouse, or getting a ticket for running a stop sign can trigger changes in premium resulting in some companies being affordable when they were higher priced.

Best Insurance Companies for Your Ram Truck

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21st Century has some of the best car insurance rates in New Jersey at around $1,111 each year. Travelers, New Jersey Manufacturers, Penn National, and Palisades would also be considered some of the lowest-priced New Jersey car insurance companies.

As shown in the rates above, if you are a policyholder with New Jersey Manufacturers and switched to 21st Century, you could see a yearly savings of around $147. Policyholders with Penn National could save as much as $227 a year, and Palisades insureds might cut rates by $243 a year.

These premium estimates are averaged for all drivers and vehicles and do not take into consideration a specific rate factor for a Dodge Ram. So the car insurance company that fits your situation best may not even be included in the list of companies shown earlier. That emphasizes why you need to quote rates from many companies using your own personal information and vehicle type.

The chart below illustrates how choosing a deductible can change insurance premiums when getting quotes for cheap insurance for a Dodge Ram. The data is based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

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As shown above, a 40-year-old driver could save $406 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $618 by switching to a $1,000 deductible. Even younger drivers, like the Age 20 category, can save as much as $1,012 or more by choosing a larger deductible amount.

When raising deductibles, it will be necessary to have enough spare savings to satisfy the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Discounts on the cheapest insurance for a Dodge Ram in New Jersey

Car insurance companies that offer coverage for a Dodge Ram may have rate discounts that can reduce rates by 40% or more if you meet specific criteria. A list of companies and the discounts they provide are detailed below.

• GEICO policyholders can earn discounts including anti-lock brakes, multi-policy, military active duty, seat belt use, anti-theft, good student, and daytime running lights.
• SAFECO includes discounts for anti-lock brakes, drive less, homeowner, accident prevention training, teen safety rewards, and multi-car.
• State Farm may have discounts that include safe vehicle, multiple policy, good student, defensive driving training, Drive Safe & Save, good driver, and driver’s education.
• MetLife may include discounts for claim-free, accident-free, multi-policy, good student, defensive driver, and good driver.
• 21st Century may offer discounts for early bird, defensive driver, 55 and older, theft prevention, and teen driver.
• Progressive has savings for good student, continuous coverage, multi-policy, online signing, online quote discount, and multi-vehicle.

The information below illustrates the comparison of insurance prices with and without discounts applied to the premium. The premiums assume a female driver, no claims or driving violations, New Jersey state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, passive restraint, anti-theft, marriage, vehicle safety, and homeowner discounts applied. When taking advantage of discounts, the the average yearly reduction on car insurance for a Dodge Ram is 28% or $822.

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How to find more affordable auto insurance for a Dodge Ram

It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help drivers find more affordable auto insurance.

• Clean up your credit rating
• Avoid filing small claims
• Prevent rate increases by staying accident-free
• Save money by bundling your home and auto policies
• Increase your comprehensive and collision deductibles
• Speeding tickets and other violations increase rates
• Comparison shop at least once a year

That last piece of advice is incredibly necessary, as we discussed in the prior article. Auto insurance prices in New Jersey can change considerably based on profitability, so drivers shouldn’t be resistant to switch to a new company if you can save money. Sticking with a specific company is fine, but is isn’t recommended if it’s costing you potentially thousands of dollars a year. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for a Dodge Ram.

Geico, Allstate, State Farm, and Progressive: Who is cheapest?

If you want the best auto insurance, four of the best places to start are Geico, Allstate, State Farm, and Progressive. All offer your standard physical damage and liability coverages, but each one has unique options and discounts that you can choose from. The data below compares ratings for price and service, as well as some optional coverages offered by each company.