Lower Your 1993 Dodge RAM 150 Insurance Cost

Looking for lower insurance rates for your Dodge RAM 150? Are you a victim of an underperforming, overpriced insurance policy? Say no more because many drivers feel the same as you. Because you have many options, it’s difficult to locate the most cost effective insurer.

It’s a great practice to get comparison quotes quite often because insurance prices go up and down regularly. Just because you had the lowest rates on RAM 150 coverage six months ago a different company probably has better premium rates today. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to the quickest way to find great coverage at a great price.

Seven things that influence your insurance premiums

Lots of factors are considered when you get your auto insurance bill. Most are fairly basic like your driving record, although some other factors are not as apparent such as whether you are married or your financial responsibility.One of the most helpful ways to save on insurance is to to have a grasp of a few of the rating criteria that help determine the price you pay for insurance. If you understand what impacts premium levels, this helps enable you to make changes that could result in big savings.

The list below includes a few of the “ingredients” used by companies to determine your rate level.

• Safety ratings are a factor – Cars with high safety ratings tend to have better insurance rates. Highly rated vehicles reduce occupant injuries and fewer injuries translates into fewer and smaller insurance claims and more competitive rates for policyholders. If your Dodge is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
• Age of drivers – Beginning drivers are proven to be less responsible when at the wheel of a vehicle and because of this, their insurance rates are much higher. Adding a young driver onto your insurance can cause a big jump in price. Older people are viewed as being more responsible, tend to cause fewer accidents and receive fewer citations.
• Prevent theft and save – Buying a car with a theft deterrent system can help bring down rates. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent auto theft.
• Do you really need to file that insurance claims? – Insurance companies award cheaper rates to policyholders that do not abuse their auto insurance. If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
• Incidental coverages push up rates – Policies have extra add-on coverages that sound like a good idea at the time on your RAM 150 policy. Insurance for rental car coverage, better glass coverage, and extra equipment coverage may not be needed and are just wasting money. These may sound like a good investment when deciding what coverages you need, but if you have no use for them remove them and pocket the money.
• Bundle policies to earn discounts – Some insurance companies will give lower prices to clients who buy several policies from them. It’s known as a multi-policy discount. Even if you qualify for this discount already, you may still want to shop around to ensure the best deal.There is a good possibility that you can find a better deal by buying insurance from a different company.
• Credit history impacts premiums – Your credit score will be a significant factor in calculating your insurance rates. Drivers with high credit ratings tend to be more responsible than drivers who have lower ratings. If your credit score could use some work, you could save money insuring your 1993 Dodge RAM 150 if you improve your credit rating.

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Save a ton by taking advantage of discounts

Properly insuring your vehicles can get expensive, but you might find some hidden discounts that can help lower your rates. Some trigger automatically when you get a quote, but a few need to be specifically requested before being credited.

• Air Bags and Passive Restraints – Options like air bags and/or automatic seat belt systems may qualify for discounts of 20 to 30 percent.
• Own a Home and Save – Owning your own home or condo may trigger a policy discount on insurance because owning a home is proof that your finances are in order.
• Senior Citizen Rates – If you’re over the age of 55, you are able to get a discount up to 10% on RAM 150 coverage.
• Low Mileage – Driving fewer miles could be rewarded with substantially lower premium rates.
• Theft Prevention System – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen so companies will give you a small discount.
• Anti-lock Brake System – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.

You should keep in mind that some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like liability, collision or medical payments. So even though they make it sound like it’s possible to get free car insurance, nobody gets a free ride.

Popular insurance companies and a summarized list of policyholder discounts are included below.

• Farmers Insurance policyholders can earn discounts including switch companies, youthful driver, electronic funds transfer, multi-car, mature driver, business and professional, and teen driver.
• Esurance discounts include paid-in-full, DriveSense, good driver, good student, multi-policy, and homeowner.
• State Farm may include discounts for multiple autos, defensive driving training, good driver, passive restraint, good student, Steer Clear safe driver discount, and Drive Safe & Save.
• Geico has savings for daytime running lights, defensive driver, anti-theft, federal employee, military active duty, air bags, and driver training.
• Allstate offers premium reductions for farm vehicle, teenSMART discount, anti-theft, good student, and safe driver.

If you need lower rates, check with every company the best way to save money. Discounts may not apply to policies in every state. To see companies who offer online insurance quotes, follow this link.

Does insurance coverage advertising bend the truth?

Consumers can’t get away from ads that claim the cheapest rates from companies such as 21st Century, Allstate and State Farm. They all seem to make the promise about savings if you change your insurance coverage policy to them.

How is it plausible that every one can make the same claim?

All the different companies have specific guidelines for the driver that makes them money. An example of a profitable insured might be between the ages of 30 and 45, carries high limits, and drives less than 5,000 miles a year. A driver who fits those characteristics will most likely get cheap rates and will also save quite a bit of money when switching.

Consumers who are not a match for the requirements must pay a more expensive rate which usually ends up with the driver buying from a lower-cost company. Company advertisements say “drivers that switch” not “all people who quote” save money. This is how companies can truthfully advertise the savings. This emphasizes why you need to compare as many free car insurance quotes as you can. It is impossible to predict which insurance coverage company will provide the lowest premium rates.

How much insurance coverage do I need?

When choosing adequate coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions may help highlight if your situation would benefit from professional advice.

• If I drive on a suspended license am I covered?
• What can I do if my company denied a claim?
• What is no-fault insurance?
• Is my business laptop covered if it gets stolen from my vehicle?
• Does medical payments coverage apply to all occupants?
• When can my company non-renew my policy?
• How can I find cheaper teen driver insurance?
• Do I need added coverage for expensive stereo equipment?
• Do I need replacement cost coverage on my 1993 Dodge RAM 150?
• Does liability extend to a camper or trailer?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and you can get the answers you need.

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Coverage specifics

Knowing the specifics of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Dodge RAM 150.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Coverage for liability – This provides protection from damage that occurs to other people or property. This coverage protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability can pay for things such as court costs, legal defense fees, repair costs for stationary objects, medical expenses and loss of income. The amount of liability coverage you purchase is up to you, but buy as large an amount as possible.

Comprehensive insurance – This pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as hitting a deer, rock chips in glass, damage from a tornado or hurricane and fire damage. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverages – Collision insurance will pay to fix damage to your RAM 150 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as scraping a guard rail, colliding with a tree, damaging your car on a curb and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as nursing services, surgery and ambulance fees. They are utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Be a penny pincher

Cheaper auto insurance can be bought on the web as well as from independent agents, so you should compare both to get a complete price analysis. A few companies may not have online rate quotes and these small insurance companies only sell coverage through independent agencies.

When shopping online for auto insurance, never reduce needed coverages to save money. Too many times, an accident victim reduced comprehensive coverage or liability limits only to discover later that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

You just learned a lot of information how to shop for 1993 Dodge RAM 150 insurance online. It’s most important to understand that the more quotes you get, the higher your chance of finding cheap car insurance. You may even discover the lowest premium rates are with a lesser-known regional company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Geico and State Farm.

Helpful articles

• Understanding Limits and Deductibles (Allstate)
• Rollover Crash FAQ (iihs.org)
• Vehicle Safety Ratings (iihs.org)
• Shopping for a Safe Car (Insurance Information Insitute)
• Auto Insurance Facts and Statistics (Insurance Information Insitute)
• What to do at the Scene of an Accident (Insurance Information Insitute)

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