Expensive Dodge Ram Pickup 3500 insurance can deplete your family’s budget and force you to prioritize other expenses.
There are many car insurance companies to pick from, and although it’s a good thing to have a selection, more choices can make it harder to compare company pricing.
Comparing auto insurance rates can be challenging if you don’t understand the most efficient way. You can waste a few hours (or days) discussing policy coverages with local insurance agents in your area, or you can stay home and use online quoting to get the quickest rates.
Most major companies are enrolled in a marketplace that allows shoppers to submit one quote, and every company provides a quote. This prevents consumers from doing repetitive form submissions to each individual auto insurance company.
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The only drawback to comparing rates this way is buyers cannot specifically choose which companies to get pricing from. So if you prefer to pick individual companies to compare prices, we have assembled a list of low cost auto insurance companies in your area. Click here for list of insurance companies.
The approach you take is up to you, just make sure you use apples-to-apples coverages on every quote you get. If each company quotes different data you can’t possibly determine the lowest rate for your Dodge Ram Pickup 3500. Having just a slight variation in coverages could skew the results. And when comparing auto insurance rates, know that comparing more quotes helps improve the odds of finding a better price. Not every company does price estimates online, so it’s necessary to compare price quotes from them, too.
Some companies don’t necessarily list all their discounts very well, so the below list has a few of the more common as well as some of the hidden discounts that may be available. If you check and find you aren’t receiving every discount possible, you could be saving more on your insurance coverage.
A quick disclaimer, most discount credits are not given to the entire policy premium. A few only apply to individual premiums such as comp or med pay. Even though it may seem like you could get a free insurance coverage policy, insurance coverage companies aren’t that generous. But any discount will help lower the premium cost.
A list of insurance coverage companies and a summarized list of policyholder discounts are outlined below.
Double check with each company or agent which discounts can lower your rates. A few discounts may not be available in your area.
When buying proper insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions might point out whether or not you will benefit from professional help.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.
Learning about specific coverages of your insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are typical coverages offered by insurance companies.
Collision – This coverage will pay to fix damage to your Ram Pickup 3500 resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against things like backing into a parked car, hitting a parking meter and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and damage to your Dodge Ram Pickup 3500.
Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Auto liability insurance – Liability coverage protects you from damage that occurs to people or other property in an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for things like medical expenses, loss of income, medical services, attorney fees and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like prosthetic devices, rehabilitation expenses and pain medications. They are often used in conjunction with a health insurance plan or if you do not have health coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision) – Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as fire damage, hitting a deer and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
When getting car insurance quotes online, never buy less coverage just to save a little money. Too many times, someone dropped uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage at a price you can afford.
Cheaper insurance coverage can be found both online in addition to many insurance agents, and you should compare rates from both to have the best rate selection. Some insurance coverage companies don’t offer rates over the internet and usually these smaller companies provide coverage only through independent agents.
More detailed insurance coverage information is available in these articles: