The Average Cost of Dodge Ram 1500 Car Insurance

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Things to Remember...

  • The average cost of a Dodge Ram 1500 depends on many factors
  • Features of the Dodge Ram include a V6 engine, 4-speed transmission, and four-wheel drive
  • In addition to the make and model of vehicle, your driving records plays an important part when calculating premiums

The average cost of Dodge Ram 1500 auto insurance depends on so many variables that any figure offered may not be completely accurate.

A number of the variables are based on you, the driver, while others are based on the insurance company you choose.

Two different companies can have drastically different rates for the exact same types of coverage, as you may see while you’re searching for rates.

Your rates will also differ based on the types and amounts of coverage you choose and the age and features on your Dodge Ram 1500.

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Dodge Ram 1500 Variations


The 2012 Dodge Ram 1500 comes with a wide range of possibilities. US News notes the full-size pickup has options that include three different engines, cabs and beds, as well as 11 different trim options.

You can also choose between two and four-wheel drive.

The Dodge Ram website offers further details on the options, displaying models that range from the most basic standard option all the way to the limited edition.

Features in the standard Dodge Ram 1500 include a 210 hp V6 engine and 4-speed automatic transmission, a maximum towing capacity of 9,100 pounds and a maximum payload of 1,507 pounds.

The vehicle comes with anti-lock brakes, electronic stability control, front and side-curtain airbags, and a media center that consists of radio, CD player, and an MP3 jack.

The Dodge Ram 1500 Limited edition, which starts at about double the price of the standard, has a 390 hp V8 engine and a six-speed automatic transmission.

Airbags and anti-lock brakes are part of the deal, as is a rear back-up camera and a media center that features touch screen navigation and advanced radio capabilities.

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How Variations Play a Role in Insurance Rates

At about double the price, the Limited edition Dodge Ram 1500 is going to be more expensive to insure.

The more risk the insurance company takes on, the more they need to charge the consumer.

Newer model Dodge Rams may likewise be more expensive to insure than older models provided they share the same features.

Likelihood of Dodge Ram 1500 Theft


In addition to the overall value of the vehicle, insurance companies gauge how likely a vehicle is to be stolen.

It costs the company a lot to replace vehicle under comprehensive coverage, and once again, it will offset the risk with higher premiums.

You can help reduce the likelihood of theft by installing car alarms, tracking systems and other devices to help prevent theft and ensure you recover your vehicle.

Every year the National Insurance Crime Bureau compiles a top 10 list of the most stolen vehicles.

For 2011, the 2004 full-size Dodge pickup ranked number 8 on the list.

Driving Factors That Play a Part in Insurance Rates

In addition to vehicle type and the likelihood of theft, insurance companies look at personal factors to help determine your rates.

Your overall driving record, years of driving experience and your annual mileage are three major factors, according to the California Department of Insurance.

Motorists with a history of violations, crashes, and claims will face higher rates than those with clean driving records.

Experienced drivers typically have lower premiums than less experienced drivers do.

You can work on two of the factors to help keep your rates lower. Driving safely, obeying all traffic laws, and driver education courses may help keep your record clean.

Using public transportation, carpooling or riding your bicycle can reduce the annual mileage on your Dodge Ram 1500.

Other Factors That Play a Part in Insurance Rates


Sixteen other factors come into play for determining your rates, the California DOI says. Some of the factors, like your annual mileage, are under your control. Others are not.

Those over which you have no control include your age and gender. Your marital status plays a part, as does where you live and work.

If you live in a highly populated urban area, you generally face more risks while driving than you do if you reside in a sparsely populated rural area.

Your chances of car theft may also increase. Car insurance companies may also review where you park your vehicle, giving lower rates to those who use a secure garage over those who routinely park their vehicles on the street.

How you use your Dodge Ram 1500 may also matter.

Using your truck to drive to work every day typically nets higher rates than only driving for pleasure.

Using your truck for work-related activities, such as hauling loads, making deliveries, or transporting passengers may cost you more than only using your vehicle for personal matters.

Possible Car Insurance Discounts

Car insurance companies often offer a number of discounts, and you and your Dodge Ram 1500 may be eligible for any number of them. Discount possibilities noted by the Illinois Department of Insurance include those for safety features and anti-theft devices.

Standard safety features that come with all newer Dodge Ram 1500 models include the anti-lock brakes and airbags.

Good drivers may get a discount, as will students who maintain a certain grade point average.

Mature drivers may also earn a discount, especially those who have gone through defensive driving courses approved by the insurance company.

Insuring another vehicle in addition to your Ram truck may result in a discount, as may using the same company for more than one type of insurance.

Carpooling discounts may be an option, or you could receive discounts for having low annual mileage or a having an away-from-home college student on the policy.

Other Ways to Reduce the Cost of Your Insurance


Your credit record is another factor insurance companies may review while determining your rates.

Paying off your bills on time and maintaining a good credit rating can help keep your credit record favorable and your insurance rates down.

The type of coverage you obtain plays a huge part in your rates.

Going with the bare minimum required by your state’s law will keep rates the lowest, although you may want to obtain other coverage options for newer and expensive vehicles.

Choosing a high deductible keeps your rates lower than a low deductible, as does opting for lower amounts of coverage for whatever categories you choose.

Types of Coverage Available

The bare minimum car insurance required varies state by state, although most require some type of liability coverage.

Liability pays for damages to other parties when you were at fault for an accident.

Bodily injury liability covers injuries and property damage covers damage to the other party’s vehicle, home or anything else you may have damaged.

Many states also require uninsured and underinsured motorist coverage.

Uninsured and underinsured coverage pays for your injuries or property damage caused by another motorist that has no insurance or insufficient insurance to cover the full amount.

Collision and comprehensive coverage take care of the damage done to your Dodge Ram 1500. Collision coverage kicks in to take care of damage caused by a collision.

Comprehensive covers damage caused by other factors, such as weather, vandalism, or acts of nature. It also covers theft.

Optional Dodge Ram 1500 Insurance Coverage


Insurance companies generally offer a host of optional coverage types that go far beyond the basics. While they may give you many benefits and peace of mind, they are also going to increase your rates.

These coverage types include things like towing, rental vehicle reimbursement, and GAP coverage for leased vehicles.

The latter takes care of the difference between your Dodge Ram’s actual value and the amount you still owe on its lease.

Accidental death benefit coverage is usually on the list, as are medical payment coverage to take care of medical bills that exceed the personal injury protection limits.

Insurance may also be available for custom equipment, such as a sound system or other electronic devices you added on your own after you purchased the vehicle.

One of the most effective ways to keep your Dodge Ram 1500 rates as low as possible is to obtain insurance rate quotes from several companies, the Illinois DOI notes.

First, choose the coverage types you want and then compare the exact same choices from a variety of carriers.

Ask about discounts and other ways to reduce your rates, but don’t go by the cheapest insurance alone.

You may also want to look at a company’s financial stability and background before you sign your new policy on the dotted line.

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