Buying affordable coverage for a Dodge Ram in Indiana is pretty easy for most people, but it hinges on a complicated formula that considers factors such as whether you are a homeower, whether or not you have filed claims in the past, and your policy deductibles. Drivers will pay around $980 a year to insure their Ram, but that amount is a projection calculated based on a 50-year-old married female driver with both comprehensive and collision coverage and $100 deductibles.
It’s more than likely you are not 50 and maybe not even a female, maybe you are single instead of married, or maybe you rent instead of own your home. This demonstrates why the best way to find cheap insurance rates for your Dodge is to put in the effort to do a thorough rate comparison. In just a few minutes you can get prices from the best auto insurance companies that offer coverage in Indiana.
The trim level of your Ram impacts the coverage cost, so the rate you will pay to insure a Ram Quad Cab ST 2WD will cost $242 less than the price to insure the more expensive Ram Quad Cab Laramie 4WD model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram Quad Cab ST 2WD | $186 | $298 | $298 | $18 | $90 | $890 | $74 |
| Ram Quad Cab TRX4 Off Road 2WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Quad Cab SLT 2WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Crew Cab ST 2WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Quad Cab ST 4WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Crew Cab SLT 2WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Crew Cab TRX 2WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Quad Cab SLT 4WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Crew Cab ST 4WD | $210 | $362 | $298 | $18 | $90 | $978 | $82 |
| Ram Crew Cab Sport 2WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Quad Cab Sport 2WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Quad Cab TRX4 Off Road 4WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Crew Cab TRX 4WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Crew Cab SLT 4WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Quad Cab Laramie 2WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Crew Cab Laramie 2WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Crew Cab Sport 4WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Quad Cab Sport 4WD | $234 | $426 | $298 | $18 | $90 | $1,066 | $89 |
| Ram Crew Cab Laramie 4WD | $234 | $492 | $298 | $18 | $90 | $1,132 | $94 |
| Ram Quad Cab Laramie 4WD | $234 | $492 | $298 | $18 | $90 | $1,132 | $94 |
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Information does not factor in vehicle location which can modify premiums noticeably.
Comparing quotes for cheap insurance is difficult, and deciding which companies have the best auto insurance rates for a Dodge Ram calls for a little more work. Each insurer has a unique formula for determining rates, so first we will examine the lowest cost auto insurance companies in Indianapolis.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $596 |
| 2 | Cincinnati Insurance | $678 |
| 3 | USAA | $681 |
| 4 | Erie | $733 |
| 5 | Western Reserve | $846 |
| 6 | Indiana Farmers Mutual | $867 |
| 7 | The Hartford | $881 |
| 8 | Auto-Owners | $888 |
| 9 | Nationwide | $930 |
| 10 | Utica National | $956 |
| 11 | Hastings Mutual | $983 |
| 12 | Motorists Mutual | $996 |
| 13 | State Farm | $997 |
| 14 | Safeco | $1,003 |
| 15 | Farmers | $1,053 |
| 16 | Westfield | $1,072 |
| 17 | Wolverine Mutual | $1,094 |
| 18 | GEICO | $1,100 |
| 19 | State Auto | $1,120 |
| 20 | Progressive | $1,128 |
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Travelers may offer some of the lowest car insurance rates in Indianapolis at around $596 each year. This is $644 less than the average premium paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also some of the lowest-priced Indianapolis, IN insurance companies.
In the above rates, if you have coverage with Western Reserve and switched to Cincinnati Insurance, you might achieve annual savings of in the neighborhood of $168. Customers with Indiana Farmers Mutual could save as much as $189 a year, and The Hartford insureds might realize rate reductions of up to $203 a year.
To get a quick, customized rate comparison, click here to get a free quote or click through to the companies below.
These rates are averages across all drivers and vehicles in Indiana and are not factoring in a specific zip code for a Dodge Ram. So the company that can offer the best rates for your situation may not even be in the list above. That’s why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
Discounts on Indianapolis car insurance
Insurance providers that provide policies for a Dodge Ram could also offer rate discounts that may potentially lower prices by 30% or more if you are eligible. The best auto insurance companies and some of the premium reductions they offer are outlined below.
- GEICO has savings for anti-lock brakes, driver training, five-year accident-free, defensive driver, anti-theft, and daytime running lights.
- USAA discounts include vehicle storage, family discount, good student, driver training, and safe driver.
- Progressive may include discounts for online quote discount, online signing, multi-policy, good student, and continuous coverage.
- American Family includes discounts for mySafetyValet, multi-vehicle, good student, Steer into Savings, good driver, defensive driver, and air bags.
- Esurance may offer discounts for good driver, DriveSense, emergency road assistance, anti-theft, and online quote.
- Farmers Insurance offers discounts including good student, business and professional, early shopping, bundle discounts, electronic funds transfer, homeowner, and mature driver.
- State Farm offers premium reductions for multiple autos, good driver, driver’s education, passive restraint, accident-free, student away at school, and Steer Clear safe driver discount.
The chart below shows the difference between insurance rates with and without discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, Indiana state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with safe-driver, defensive driving course, multiple policy, passive restraint, multiple vehicle, and claim-free discounts applied. When these discounts are applied, theamount saved on auto insurance for a Dodge Ram is 28% or $538.
Full coverage rates compared to liability-only
Buying cheaper auto insurance is important to the majority of drivers, and a great way to save on the cost of insurance for a Dodge Ram is to only buy liability coverage. The diagram below illustrates the comparison of insurance prices with liability coverage only compared to full coverage. The data assumes no accidents or driving violations, $1,000 deductibles, marital status is single, and no discounts are applied.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $1,619 per year more than insuring for liability only. A very common question is when is the right time to remove full coverage. There is no specific rule for excluding physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s assume your vehicle’s settlement value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,500 after you pay the deductible. If it’s costing you more than $550 a year to have full coverage, then it may be the right time to buy liability only.
There are a few situations where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
Can you find cheaper Ram insurance?
Indianapolis auto insurance rates are calculated based on many things that control the cost of your policy. Improving your credit score, filing a claim, or having a fender bender may cause policy rate changes resulting in some companies being affordable when they were higher priced. Not only may your risk profile change, but insurance companies change the rates they charge in Indiana as often as every three months in order to maintain liquidity for claims. Larger than normal claims may result in additional price hikes, while a profitable period may result in lower-priced Ram insurance rates.
To help illustrate this point, the graph below demonstrates which company has the cheapest car insurance in Indianapolis, IN for a 40-year-old male driver with no violations or accidents, and a good credit history. If we compare prices based on his current risk profile, Travelers might quote the best car insurance rates in Indianapolis at $737 annually. This is $503 less than the average policy premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the rest of the best Indianapolis, IN auto insurance companies.
In this example, we will give the driver in the first example a claim, a lower credit score, and a stop sign violation. Since every car insurance company has their own process to establish rates, comparing prices may now present a different list of the cheapest Indianapolis car insurance companies as shown below.
Auto-Owners now has the best auto insurance rate in Indianapolis, IN with The Hartford, USAA, Nationwide, and Cincinnati Insurance completing the list. This illustrates why Indianapolis drivers need to compare rates when trying to get affordable car insurance rates for a Dodge Ram. Car insurance prices consist of many factors and can change substantially, so the best price the last time you shopped your coverage around may now be quite expensive.
How to find low-cost insurance for a Dodge Ram
Here are a few money-saving suggestions that can help you find low-cost car insurance.
- Maintain a clean driving record
- Do not file small claims
- Accidents can significantly increase rates
- Lower rates by purchasing a safer vehicle
- Save money by insuring your home and auto with the same company
- Ensure you have the best deal by shopping around regularly
The final tip is especially vital, as we discussed in this article. Prices charged by car insurance companies in Indianapolis adjust frequently, so don’t be hesitant to switch to a new company if you find a better deal. Loyalty to a specific company is fine, but it’s not a great idea if that loyalty results in overpaying a small fortune. In less than five minutes you could shop around and find cheaper car insurance for a Dodge Ram.