Cheap 2002 Dodge Ram Wagon Insurance Cost

Searching for better auto insurance rates for your Dodge Ram Wagon? Paying for high-priced Dodge Ram Wagon insurance can dwindle your personal savings and force you to make sacrifices. Shopping your coverage around is free, only takes a few minutes, and is a good way to help make ends meet.

Insurance companies such as Geico and Progressive increase brand awareness with fancy advertisements and consumers find it hard to separate fact from fiction and find the best price available.

It’s smart to compare rates quite often due to the fact that insurance rates fluctuate regularly. Despite the fact that you may have had the best price on Ram Wagon insurance two years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because you’re about to find out the tricks you need to know to save money, get proper deductibles and limits, all at the lowest rate.

Are you getting all your discounts?

Insurance can be prohibitively expensive, but you may find discounts that can drop the cost substantially. Some trigger automatically when you quote, but less common discounts must be specially asked for before you will receive the discount.

  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Save with a New Car – Putting insurance coverage on a new car can be considerably cheaper due to better safety requirements for new cars.
  • Resident Student – Youth drivers living away from home attending college and do not have a car can receive lower rates.
  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% on Ram Wagon insurance with certain companies.
  • Fewer Miles Equal More Savings – Keeping the miles down on your Dodge can earn a substantially lower rate.
  • Seat Belt Usage – Drivers who require all occupants to wear their seat belts can save 10% or more off the personal injury premium cost.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Accident Forgiveness – Some insurance companies permit an accident before raising your premiums so long as you haven’t had any claims prior to the accident.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Most cut the price of certain insurance coverages like comp or med pay. So even though it sounds like you can get free auto insurance, you won’t be that lucky. Any qualifying discounts will help reduce the amount you have to pay.

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

Factors determining your Dodge Ram Wagon insurance premium

It’s important that you understand the different types of things that come into play when calculating the price you pay for insurance coverage. When you know what positively or negatively determines base rates empowers consumers to make smart changes that could result in lower insurance coverage prices.

The list below includes some of the factors used by your company to calculate premiums.

  • Never let your coverage lapse – Not having insurance can get your license suspended and you will pay a penalty because you let your insurance lapse. And not only will your rates increase, but being ticketed for driving with no insurance can result in a steep fine or even jail time.You may have to prove you have insurance by filing a SR-22 with your state DMV.
  • What are your deductibles? – Physical damage deductibles define the amount you are willing to pay if you file a covered claim. Coverage for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some instances where coverage would apply would be running into the backend of another car, collision with an animal, or theft. The higher the amount you are required to pay out-of-pocket, the lower your rates will be on Ram Wagon insurance.
  • Extra coverages can waste money – There are many additional coverages that you can buy on your insurance coverage policy. Coverages like personal injury protection, towing coverage and additional equipment coverage may be costing you every month. They may seem good initially, but now you might not need them so get rid of them and save.
  • Drive a safer car and pay less – Safer cars tend to have better insurance rates. Safe vehicles reduce injuries and better occupant protection means lower claim amounts and more competitive rates for policyholders. If the Dodge Ram Wagon scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Rural vs Urban Areas – Choosing to live in a rural area can be a good thing when buying insurance coverage. Fewer people means reduced accidents and also fewer theft and vandalism claims. Drivers in populated areas tend to have much more traffic to deal with and a longer drive to work. Longer commute distances means more change of being in an accident.
  • Protect your assets with liability insurance – Your policy’s liability coverage is the protection if ever a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive as compared to coverage for physical damage, so do not skimp.
  • Your age impacts your rates – Young drivers have a tendency to be more careless when driving so insurance coverage rates are higher. Having to add a young driver to your insurance coverage policy can be quite pricey. More mature drivers are viewed as being more responsible, file fewer claims and are safer drivers.
  • Do you qualify for a multi-policy discount? – Most insurers give discounts to people who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to shop around to ensure the best deal. You may still be able to find a better deal by buying insurance coverage from a different company.

When might I need an agent?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Each situation is unique so your insurance needs to address that. For example, these questions might help in determining if your situation will benefit from professional help.

  • When should I drop full coverage on my 2002 Dodge Ram Wagon?
  • What discounts do I qualify for?
  • Am I better off with higher deductibles on my 2002 Dodge Ram Wagon?
  • Will I be non-renewed for getting a DUI or other conviction?
  • How high should my uninsured/underinsured coverage be in my state?
  • Am I covered when pulling a rental trailer?
  • Where can I find DUI or SR-22 insurance?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Insurance coverage specifics

Understanding the coverages of a insurance policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.

Uninsured or underinsured coverage

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Dodge Ram Wagon.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Most of the time these coverages are set the same as your liablity limits.

Liability insurance

Liability insurance provides protection from damage that occurs to people or other property that is your fault. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for things like loss of income, medical services and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision protection

This coverage covers damage to your Ram Wagon from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like hitting a parking meter, hitting a mailbox and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.

Comprehensive protection

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

Comprehensive coverage protects against things such as hail damage, theft, hitting a bird, vandalism and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like doctor visits, prosthetic devices, surgery, funeral costs and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Have the Midas touch

When buying insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced liability coverage limits and learned later that it was a big mistake. Your goal should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

You just read many tips how you can lower your 2002 Dodge Ram Wagon insurance rates. The key thing to remember is the more you quote, the higher your chance of finding lower rates. You may be surprised to find that the best prices are with the smaller companies. Some small companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

Additional information