Auto Insurance Rates for a Dodge Ram 3500 in Louisville

Really, the only way to find lower priced car insurance rates in Louisville is to annually compare prices from providers that sell auto insurance in Kentucky. You can compare prices by following these steps.

First, try to learn about how auto insurance works and the modifications you can make to prevent expensive coverage. Many rating factors that cause rate increases like your driving record and bad credit can be remedied by making minor changes to your lifestyle.

Second, obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agents can quote rates from many different companies.

Third, compare the new rates to your current policy premium and see if you can save money. If you find better rates and change companies, make sure there is no coverage gap between policies.

Fourth, provide written notification to your current company of your intent to cancel your current car insurance policy and submit payment and a completed application for your new policy. Once received, place the new proof of insurance certificate in an easily accessible location.

One tip to remember is to make sure you enter the same liability limits and deductibles on each quote request and and to analyze as many companies as feasibly possible. Doing this provides a fair rate comparison and many rates to choose from.

We don’t have to point out that fact that car insurance companies don’t want customers comparing rates. Insureds who get price comparisons will presumably switch auto insurance companies because there is a great chance of finding better rates. A study discovered that consumers who compared price quotes annually saved $3,500 over four years compared to those who never shopped around for better prices.

If finding the best price on Dodge Ram 3500 insurance in Louisville is why you’re reading this, learning how to shop and compare insurance premiums can help you succeed in finding affordable rates.

Affordable companies for Dodge Ram 3500 insurance

The companies in the list below are ready to provide quotes in Kentucky. To get the best auto insurance in Louisville, we recommend you get price quotes from several of them in order to find the lowest rates.

Rate information and statistics

The information below outlines a range of insurance rates for Dodge Ram 3500 models. Having knowledge of how auto insurance policy rates are calculated is important for you to make smart choices when purchasing an auto insurance policy.

Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate quotes do not factor in Louisville location which can affect prices greatly.

Physical damage deductibles: Should you raise them?

When comparing insurance rates, the most common question is how high should the physical damage deductibles be. The comparison tables below may help to conceptualize the differences in price when you select higher and lower physical damage coverage deductibles. The first data set uses a $250 deductible for physical damage and the second price grid uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in your specific Louisville location which can change coverage prices greatly.

Using the premium rates above, we can conclude that using a $250 deductible costs about $31 more each month or $372 every year across all Dodge Ram 3500 models than choosing the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 24 months between claims, you would probably be better off by selecting a higher deductible.

The information below shows how choosing a deductible and can impact Dodge Ram 3500 yearly insurance costs for different ages of insureds. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.

Irresponsible driving raises your rates

The diagram below demonstrates how speeding tickets and at-fault collisions impact Dodge Ram 3500 auto insurance rates for different age groups of insureds. The premiums assume a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Impact of age and gender on insurance rates

The chart below shows the difference between Dodge Ram 3500 car insurance rates for male and female drivers. The prices are based on a clean driving record, no claims, full physical damage coverage, $500 deductibles, single status, and no discounts are factored in.

Full coverage rates compared to liability-only

The information below illustrates the difference between Dodge Ram 3500 car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Kentucky. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.

When to switch to liability coverage only

There is no definitive rule to stop buying full coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your Dodge Ram 3500 replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after you pay the deductible. If you are currently paying more than $800 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where dropping full coverage is not a good plan. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Four Things That Affect Your Insurance Prices

Part of the car insurance buying process is learning the rating factors that go into determining car insurance rates. If you have some idea of what positively or negatively impacts your premiums, this enables informed choices that could help you find much lower annual insurance costs.

Shown below are some of the items utilized by car insurance companies to help set your rate level.

• Lower prices with uninterrupted coverage – Driving with no insurance is illegal and companies may charge more for letting your insurance expire. In addition to paying higher premiums, not being able to provide proof of insurance can result in a fine, jail time, or a revoked license. You may have to submit proof of financial responsibility or a SR-22 with the Kentucky department of motor vehicles.
• Do you really need the add-on coverages? – Policies have optional add-on coverages that you can buy if you don’t pay attention. Coverages for replacement cost coverage, accidental death, and membership fees may be wasting your money. They may seem like a good idea when buying your policy, but now you might not need them so consider taking them off your policy.
• Safer vehicles mean better rates – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles reduce injuries and lower injury rates translates into savings for insurance companies which can result in lower premiums.
• Marriage can save you money – Having a wife or husband may cut your premiums when shopping for car insurance. Marriage is viewed as being less irresponsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.

Insurance policy discounts you can’t miss

Insurance is not cheap nor is it fun to buy but there could be available discounts that can dramatically reduce your bill. Some of these discounts will be visible when you get a quote, but lesser-known reductions have to be asked about before you get the savings.

• Student Discounts – A discount for being a good student can save 20 to 25%. Many companies even apply the discount to college students well after school through age 25.
• Discounts for Responsible Drivers – Drivers without accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
• Theft Prevention Discount – Vehicles equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and therefore earn up to a 10% discount.
• Pay Upfront and Save – If you can afford to pay the entire bill instead of monthly or quarterly installments you may have a lower total premium amount.
• Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
• Claim-Free Discount – Claim-free drivers can earn big discounts when compared to policyholders that have many claims.
• Defensive Driver Discount – Taking a defensive driver course could cut 5% off your bill and also improve your driving technique.
• Seat Belt Discounts – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) off the medical payments premium.
• Service Members Pay Less – Being deployed in the military may lower your insurance rates slightly.

A little disclaimer on discounts, many deductions do not apply to the whole policy. A few only apply to specific coverage prices like collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.

The chart below visualizes the comparison of Dodge Ram 3500 annual premium costs with and without discounts applied to the rates. The costs are based on a female driver, a clean driving record, no claims, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-policy, multi-car, and marriage discounts applied.

To locate insurance companies that offer many of these discounts in Kentucky, click this link.

Buying auto insurance from Louisville insurance agencies

Certain consumers just want to have an agent’s advice. An additional benefit of getting free rate quotes online is you may find better rates and also buy local.

After filling out this short form, your insurance coverage information gets sent to insurance agents in Louisville that give free quotes for your insurance coverage. It makes it easy because there is no need to contact an agency because quoted prices will be sent to you. You can get cheaper auto insurance rates and a licensed agent to talk to. If you wish to compare rates from a particular provider, you would need to search and find their rate quote page and complete a quote there.

Deciding on an insurer should depend on more than just a cheap quote. These are valid questions to ask:

• How much will you save each year by using a higher deductible?
• Do they make recommendations based only on price?
• Will high miles depreciate repair valuations?
• Will one accident increase rates?
• Are there any extra charges for paying monthly?

Upon getting positive feedback for all questions you ask as well as a price you’re happy with, it’s a good possibility that you have found an provider that is a good match to provide auto insurance coverage.

Insurance can get complicated

When quoting and comparing coverage online or from an agent, there really is no perfect coverage plan. Everyone’s situation is unique so your insurance needs to address that.
Here are some questions about coverages that may help highlight if your situation would benefit from professional advice.

• Do I have coverage when making deliveries for my home business?
• How do I insure my teen driver?
• Can I get by with minimal medical coverage if I have good health insurance?
• Do I pay less if my vehicle is kept in my garage?
• Should I buy only the required Kentucky minimum liability coverage?
• Why do I need rental car insurance?

If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.

Don’t give up on affordable rates

As you shop your coverage around, never skimp on coverage in order to save money. There have been many cases where someone sacrificed liability limits or collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage for the lowest price but still have enough coverage for asset protection.

Some insurance providers may not provide rate quotes online and most of the time these small, regional companies prefer to sell through local independent agents. Budget-conscious Dodge Ram 3500 insurance can be bought on the web in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis.

More information can be read at the links below

• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Who Has the Cheapest Car Insurance for a Toyota Camry in Louisville? (FAQ)
• How Much are Louisville Car Insurance Rates for State Employees? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for Drivers with a Bad Driving Record in Louisville? (FAQ)
• Liability Insurance Coverage (Nationwide)
• What is a Telematics Device? (Allstate)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Tread Depth and Tire Safety (State Farm)