Who Has the Cheapest Auto Insurance Rates for a Dodge Ram in Louisville?

Buying affordable coverage for a Dodge Ram is pretty easy to do, but it depends on many factors such as how long your commute is, if you have prior claims, and citations on your driving record. Kentucky drivers will pay around $1,111 annually to insure their Ram, but that cost is calculated using a 50-year-old single male driver with full physical damage coverage and $500 deductibles.

If we were betting, you aren’t exactly 50 years old or even a male, maybe you are married instead of single, or maybe you have a speeding ticket that needs to be factored in. Just a very minor change in policy rating criteria or coverages could end up in a significant change in the policy rate.

This shows why the best method for finding the cheapest rates for your Dodge is to compare as many rates as you can.

Find Cheaper Dodge Ram Insurance

The trim level of your vehicle tends to impact the cost of coverage, so the price you pay to insure a Ram Quad Cab ST 2WD will cost $236 less than the cost to insure the higher-end Ram Quad Cab Laramie 4WD version, as shown below.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Prices do not factor in your specific Louisville location which can affect premiums noticeably.

Figuring out which insurers offer the most affordable insurance rates for a Dodge Ram may require a bit more effort than just picking a company at random. Every auto insurer uses their own method for establishing rates, so let’s take a look at the insurance companies that tend to have lower prices in Kentucky.

Find the Cheapest Car Insurance for Your Ram Truck

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Cincinnati Insurance offers some of the cheapest car insurance rates in Louisville at around $1,126 annually. This is $1,017 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual also qualify as some of the lowest-priced Louisville, KY car insurance companies.

In the rate table above, if you currently have a policy with Kentucky Farm Bureau and switched to Cincinnati Insurance, you might see annual savings of about $48. Policyholders with USAA could save as much as $49 a year, and Auto-Owners policyholders might lower prices by up to $273 a year.

If you want to find out if you’re overpaying, click here or quote prices from the following companies.

Be aware that those estimates are averaged for all drivers and vehicles and do not factor in an exact location for a Dodge Ram. So the insurer that can offer you the best price may not even be in the list above. That points out the importance of why you need to compare rates from multiple companies using your own personal information and vehicle type.

Get discounts on Louisville car insurance rates

Insurers that provide coverage for a Dodge Ram could also offer premium discounts that could reduce prices by as much as 35% if you qualify for them. A list of companies and the discounts they provide are detailed below.

• GEICO offers discounts for seat belt use, emergency military deployment, anti-theft, membership and employees, and federal employee.
• MetLife discounts include defensive driver, accident-free, multi-policy, good student, and claim-free.
• Progressive includes discounts for continuous coverage, good student, multi-vehicle, online quote discount, and multi-policy.
• Travelers has discounts for save driver, good student, early quote, multi-car, driver training, IntelliDrive, and continuous insurance.
• SAFECO offers premium reductions for anti-lock brakes, bundle discounts, teen safety rewards, multi-car, and anti-theft.
• AAA may have discounts that include good student, multi-car, AAA membership discount, pay-in-full, and good driver.

The illustration below illustrates the comparison of insurance rates with and without discounts being applied to the rates. The price estimates are based on a male driver, no claims, a clean driving record, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with passive restraint, marriage, homeowner, multiple vehicle, vehicle safety, and accident-free discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on insurance for a Dodge Ram is 28% or $608.

Why it’s important to shop around

Louisville insurance rates are impacted by many factors that can increase the price you pay. Getting older, buying another vehicle, or getting a couple of tickets can produce rate changes resulting in some rates now being more affordable than competitors.

In addition to those changes, car insurance companies change prices as often as every three months in order to offset underwriting gains or losses. Larger than normal claims can cause rate hikes, while long-term profits can produce cheaper Ram insurance rates.

To illustrate this example, the chart below compares the cheapest car insurance in Louisville, KY for a 40-year-old female driver with no prior claims, no tickets, and good credit. When quoting prices based on her current rating profile, Cincinnati Insurance may have the best car insurance rates in Louisville at $1,643 a year. This is $500 less than the average policy premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are also on the list of the top five cheapest Louisville, KY auto insurance companies.

Now let’s give the driver from the first set of rates an accident surcharge, poor credit, and a few blemishes on her driving record. Since every insurance provider has their own formula for setting rates, analyzing rates most likely will result in a substantially altered list of cheap Louisville auto insurance companies as shown below.

Kentucky Farm Bureau now has the best auto insurance rate in Louisville with Travelers, USAA, Cincinnati Insurance, and State Farm completing the list. This example shows why it is crucial to do a thorough rate comparison to get the best car insurance rates for a Dodge Ram. Prices are made up of many things and can increase or decrease at any time, so the best company the last time you shopped your coverage around may now be costing you a lot of money.

How to find economical auto insurance for a Dodge Ram

It’s not impossible to find cheaper rates, and here are many penny-pinching ideas that can help Louisville drivers find lower-cost coverage.

• Too many claims can make car insurance unaffordable
• Do not get traffic violations
• Accident-free drivers may qualify for discounts
• Do not pay for comprehensive and collision coverage on older vehicles
• Increase your policy deductibles
• Compare rates regularly to ensure the best deal

That last idea is certainly significant, as was noted in the prior article. Insurance prices go up and down frequently, so drivers shouldn’t be resistant to switch carriers if a more affordable rate is found.

Brand loyalty is great, but it’s not a great idea if that faithfulness ends up costing you a lot of money. If you have a few minutes, now is a great time to shop around and find cheaper insurance for a Dodge Ram in Louisville.

If you have coverage questions and would like to have some professional guidance when shopping for cheaper insurance for a Dodge Ram, the agents below are willing to help you decide which auto insurance coverages would be the best in your situation.

To locate a Louisville insurance agent near you, click the link at the bottom.

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