Cheap 1992 Dodge RAM 150 Insurance Rates

Trying to find the cheapest insurance rates for your Dodge RAM 150? Searching for the cheapest insurance for a Dodge RAM 150 can turn out to be difficult, but you can follow the following methods to find lower rates.

There is a right way and a wrong way to shop for insurance so we’re going to tell you the best way to price shop coverage on a Dodge and obtain the best price possible.

These discounts can lower your rates

Insuring your vehicles can cost a lot, but discounts can save money and there are some available that many people don’t even know exist. Some discounts apply automatically when you purchase, but less common discounts must be requested specifically prior to getting the savings. If you aren’t receiving every discount available, you’re just leaving money on the table.

  • Club Memberships – Affiliation with a civic or occupational organization is a good way to get lower rates on your policy for RAM 150 coverage.
  • Federal Employees – Active or retired federal employment can save as much as 8% for RAM 150 coverage with certain companies.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for RAM 150 coverage than less cautious drivers.
  • Claim Free – Drivers with accident-free driving histories can earn big discounts when compared to bad drivers.
  • New Car Discount – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Senior Citizens – If you’re over the age of 55, you may qualify for a discount up to 10% for RAM 150 coverage.
  • Passive Restraints and Air Bags – Vehicles with factory air bags can qualify for discounts of up to 25% or more.
  • Homeowners Discount – Being a homeowner may trigger a insurance coverage policy discount due to the fact that maintaining a home shows financial diligence.

Keep in mind that some credits don’t apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like you could get a free insurance coverage policy, you won’t be that lucky. Any qualifying discounts will cut the cost of coverage.

For a list of insurance companies who offer insurance coverage discounts, click here.

Your Dodge RAM 150 insurance rate is a complex equation

It’s important that you understand the factors that help determine the price you pay for car insurance. Understanding what influences your rates allows you to make educated decisions that will entitle you to big savings.

  • Allowing your policy to lapse raises rates – Driving with no insurance can get your license suspended and you will pay a penalty because you let your coverage lapse. And not only will insurance be more expensive, but being ticketed for driving with no insurance may earn you a hefty fine and possibly a revoked license.
  • Low deductibles can be expensive – Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Dodge. Some examples of claims that would be covered could be a windshield shattered by a rock, vandalism, and burglary. Physical damage deductibles are how much you are required to spend out-of-pocket before your car insurance pays a claim. The higher the amount the insured has to pay upfront, the bigger discount you will receive for RAM 150 coverage.
  • Poor driving leads to higher costs – Even a single citation can boost insurance rates by twenty percent. Careful drivers tend to pay less for car insurance than their less careful counterparts. Drivers who get dangerous violations like reckless driving, hit and run or driving under the influence may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent a license revocation.
  • Do you qualify for a multi-policy discount? – The majority of insurance companies will give a discount to people who carry more than one policy such as combining an auto and homeowners policy. This can amount to 10 percent or more. Even if you’re getting this discount you still need to compare other company rates to ensure the best deal.
  • Do you need the policy add-ons? – There are many extra coverages you can purchase on your car insurance policy. Insurance for personal injury protection, better glass coverage and membership fees are some examples. These may sound like a good investment at first, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Car features impact rates – Owning a car with anti-theft technology or alarm system can get you a discount on your car insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
  • Where you live can impact rates – Residing in small towns and rural areas can save you money when talking about car insurance. City drivers have traffic congestion and much longer commute distances. Lower population means reduced accidents and a lower car theft rate.

Different people need different coverages

When buying the right insurance coverage for your personal vehicles, there isn’t really a best way to insure your cars. Each situation is unique.

For example, these questions might point out whether or not you would benefit from an agent’s advice.

  • Am I covered when pulling a rental trailer?
  • Will I lose any money if I cancel my policy before it expires?
  • Am I covered when delivering products for my home-based business?
  • Does coverage extend to my business vehicle?
  • Is my dog or cat covered if injured in an accident?
  • Who is covered when they drive my 1992 Dodge RAM 150?
  • Does my car insurance cover rental cars?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and can help protect your family.

Do insurance coverage companies bend the truth?

Consumers constantly see and hear ads that promise big savings from the likes of State Farm, Allstate and GEICO. They all seem to have a common claim about savings if you switch your coverage to them.

How does each company make almost identical claims? It’s all in the numbers.

All the different companies have a certain “appetite” for the driver that is profitable for them. A good example of a driver they prefer might be between 25 and 40, insures multiple vehicles, and drives newer vehicles. Any driver that hits that “sweet spot” will get very good rates and as a result will probably cut their rates substantially.

Potential customers who don’t measure up to the “perfect” profile will be quoted more money and this can result in the driver buying from a lower-cost company. Company advertisements say “customers who switch” not “everyone that quotes” save money. This is how insurance companies can advertise the way they do.

This emphasizes why it’s extremely important to get quotes from several different companies. It’s impossible to know which company will have the lowest Dodge RAM 150 insurance rates.

Coverage specifics

Learning about specific coverages of your policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Coverage for liability

Liability insurance protects you from damage or injury you incur to people or other property by causing an accident. This coverage protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like structural damage, attorney fees, court costs, medical services and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.

Uninsured and underinsured coverage

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your 1992 Dodge RAM 150.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for expenses for things like surgery, funeral costs, X-ray expenses, doctor visits and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision coverage protection

Collision coverage pays for damage to your RAM 150 from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like colliding with another moving vehicle, rolling your car, colliding with a tree, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance pays for damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a bird, vandalism, fire damage, falling objects and hail damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Compare but don’t skimp

As you restructure your insurance plan, it’s not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where consumers will sacrifice full coverage and found out when filing a claim that it was a big error on their part. Your goal should be to buy the best coverage you can find at a price you can afford.

Insureds switch companies for a number of reasons such as unfair underwriting practices, an unsatisfactory settlement offer, delays in responding to claim requests and even lack of trust in their agent. Regardless of your reason for switching companies, finding a new company is not as difficult as it may seem.

Budget-conscious 1992 Dodge RAM 150 insurance can be found from both online companies in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies do not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

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