1992 Dodge RAM 250 Insurance Cost – 5 Tips for Cheaper Prices

Nobody that owns a car enjoys paying for insurance coverage, especially knowing they could lower their rates if they shopped around. Since drivers have many insurance companies to choose from, it is hard for the average consumer to pick a more affordable company.

It’s a good habit to price shop coverage before your next renewal because insurance coverage prices change quite often. Even if you think you had the lowest price for RAM 250 coverage on your last policy you may be paying too much now. Forget anything you know (or think you know) about insurance coverage because you’re about to find out one of the easiest ways to get good coverage at a lower rate.

Quote insurance online

Comparing insurance rates can be a daunting task if you aren’t aware of the best way to get rate quotes. You could waste a few hours talking about coverages with local insurance agents in your area, or you can stay home and use the internet to get prices fast.

All the larger companies belong to an insurance system where insurance shoppers complete one form, and every company then returns a price quote based on the submitted data. This prevents consumers from doing form submissions for each company you want a rate for.

To compare rates now click here to start a free quote.

The single downside to doing it this way is that you can’t choose the providers you want to price. If you would rather choose from a list of companies to compare prices, we have a page of the cheapest insurance companies in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just make sure you use the exact same coverage limits and deductibles for every company. If you compare unequal deductibles or liability limits it will be next to impossible to truly determine the lowest rate.

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Drivers who switch save $447 a year? Really?

Consumers get pounded daily by advertisements for auto insurance savings by State Farm and Allstate. All the ads have a common claim about saving some big amount just by moving your policy.

It sounds good, but how can they all claim to save you money?

Auto insurance companies can use profiling for a prospective insured that earns them the highest profit. For example, a preferred risk might be described as over the age of 45, has never had a claim, and has a high credit rating. Any driver that hits that “sweet spot” will probably get the lowest premium rates and will save a lot if they switch.

Insureds who are not a match for these criteria may be forced to pay higher prices and the prospect going elsewhere. If you pay close attention to the ads, they say “customers that switch” not “everyone who quotes” save that kind of money. That’s the way companies can claim big savings.

This really illustrates why drivers must compare free auto insurance quotes often. Because without a comparison, you cannot know the company that will have the lowest rate quotes.

More discounts mean cheap premiums

Insurance coverage is not inexpensive, but you may find discounts that can drop the cost substantially. Some trigger automatically at the time you complete a quote, but lesser-known reductions have to be specifically requested before being credited. If you don’t get every credit possible, you could be paying more than you need to.

• Good Grades Discount – This discount can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
• Accident Free – Claim-free drivers can save substantially as opposed to frequent claim filers.
• Telematics Discount – Insureds who allow driving data collection to analyze where and when they drive by using a telematic data system such as Progressive’s Snapshot might see lower rates as long as they are good drivers.
• Own a Home and Save – Owning your own home or condo can earn you a little savings because owning a home is proof that your finances are in order.
• Fewer Miles Equal More Savings – Maintaining low annual mileage could be rewarded with discounted premium rates on garaged vehicles.

Please keep in mind that most credits do not apply the the whole policy. Some only apply to individual premiums such as physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, you won’t be that lucky.

A few of the larger companies and a partial list of their discounts are detailed below.

• State Farm may offer discounts for defensive driving training, Drive Safe & Save, multiple policy, passive restraint, and safe vehicle.
• Esurance policyholders can earn discounts including good student, online quote, claim free, multi-car, and renters.
• Progressive discounts include online signing, continuous coverage, online quote discount, multi-vehicle, and good student.
• Liberty Mutual offers premium reductions for newly married, new graduate, hybrid vehicle, newly retired, multi-policy, safety features, and new vehicle discount.
• Auto-Owners Insurance includes discounts for teen driver, anti-theft, safe driver, anti-lock brakes, company car, and paperless.
• Geico has savings for seat belt use, multi-vehicle, five-year accident-free, driver training, defensive driver, and military active duty.

When getting a coverage quote, ask each company what discounts are available to you. Some of the earlier mentioned discounts might not be available to policyholders in your area. To view insurance companies with significant discounts, click here to view.

It’s not one size fits all

When buying proper insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions might help in determining if your insurance needs might need professional guidance.

• Can I afford to buy a different vehicle if my 1992 Dodge RAM 250 is totaled?
• Are my friends covered when driving my 1992 Dodge RAM 250?
• Is other people’s property covered if stolen from my vehicle?
• Does car insurance cover theft of personal property?
• Which is better, split liability limits or combined limits?
• Should I buy more coverage than the required minimum liability coverage?
• Does my medical payments coverage pay my health insurance deductible?
• Will I be non-renewed for getting a DUI or other conviction?
• Will I lose any money if I cancel my policy before it expires?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

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Auto insurance coverages

Understanding the coverages of insurance can help you determine which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average insurance policy.

Collision coverage protection

Collision insurance covers damage to your RAM 250 from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, rolling your car and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is very important. Most of the time the UM/UIM limits are set the same as your liablity limits.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as rock chips in glass, hitting a deer, a tree branch falling on your vehicle, a broken windshield and hail damage. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for bills such as nursing services, dental work and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Coverage for liability

This coverage protects you from damage or injury you incur to a person or their property that is your fault. 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 values of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things like repair costs for stationary objects, pain and suffering, structural damage and funeral expenses. How much coverage you buy is your choice, but you should buy higher limits if possible.

More effort can pay off

Lower-priced insurance is available on the web and also from your neighborhood agents, so you should compare both so you have a total pricing picture. Some insurance companies may not offer online quoting and these small, regional companies only sell through independent insurance agents.

As you quote auto insurance, you should never skimp on critical coverages to save a buck or two. In too many instances, an insured dropped uninsured motorist or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.

For more information, feel free to visit the articles below:

• Event Data Recorders FAQ (iihs.org)
• Understanding Car Crashes Video (iihs.org)
• Vehicle Insurance in the U.S. (Wikipedia)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Prepare your Teens for Safe Driving (InsureUonline.org)

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