Finding the cheapest insurance for a Dodge Ram in Wisconsin relies on a lot of rating criteria such as how many years you have been driving, your geographic location, and driving violations. Drivers will pay on average $880 a year to insure their Ram, but that cost is an approximation calculated based on a 50-year-old single male driver with full coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you may not be 50 years old (or even male), possibly married instead of single, or maybe you live in a different area as the quoted rates. Just a very minor change in the rating criteria used to formulate rates can make a big difference in how much coverage for a Dodge Ram costs.
This example demonstrates why the only way to find the cheapest rates for your Dodge is to just take the time to compare rates yourself. Quotes only take a couple of minutes and you will receive rate quotes from the best companies that insure vehicles in Wisconsin.
Vehicle trim level tends to have a direct effect on price, so the price you will be charged to insure a Ram Quad Cab ST 2WD model will be $204 cheaper than the price to insure the more well-appointed Ram Quad Cab Laramie 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ram Quad Cab ST 2WD||$152||$254||$294||$18||$88||$806||$67|
|Ram Quad Cab TRX4 Off Road 2WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Quad Cab SLT 2WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Crew Cab ST 2WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Quad Cab ST 4WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Crew Cab SLT 2WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Crew Cab TRX 2WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Quad Cab SLT 4WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Crew Cab ST 4WD||$172||$308||$294||$18||$88||$880||$73|
|Ram Crew Cab Sport 2WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Quad Cab Sport 2WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Quad Cab TRX4 Off Road 4WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Crew Cab TRX 4WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Crew Cab SLT 4WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Quad Cab Laramie 2WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Crew Cab Laramie 2WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Crew Cab Sport 4WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Quad Cab Sport 4WD||$192||$364||$294||$18||$88||$956||$80|
|Ram Crew Cab Laramie 4WD||$192||$418||$294||$18||$88||$1,010||$84|
|Ram Quad Cab Laramie 4WD||$192||$418||$294||$18||$88||$1,010||$84|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Madison which can revise coverage prices significantly.
Shopping around for reasonably-priced insurance is not easy, and finding out which company offers the cheapest auto insurance rates for a Dodge Ram will involve a little more work.
Each insurance company has their own formula to determine premium rates, so let’s begin by examining the most budget-friendly auto insurance companies in Madison.
Find the Cheapest Auto Insurance for Your Ram Truck
|Rank||Company||Cost Per Year|
|6||Rural Mutual Insurance||$756|
|12||West Bend Mutual||$899|
|14||Auto Club Group||$939|
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USAA has some of the lowest car insurance rates in Madison at around $604 each year. This is $557 less than the average policy premium paid by Wisconsin drivers of $1,161. Partners Mutual, Rockford Mutual, Erie, and Pekin Insurance also make the cut as some of the cheaper Madison, WI insurance companies.
As shown in the table above, if you currently have a policy with Erie and switched to USAA, you might see annual savings of approximately $120. Customers with Pekin Insurance may save as much as $148 a year, and Rural Mutual Insurance insureds might reduce prices by as much as $152 a year.
If you want to see how much you could save, click here to start a quote or feel free to get quotes from the companies below.
Understand that those rates are averaged for all insureds and vehicles and and are not calculated with an exact location for a Dodge Ram. So the company that fits your needs best may not even be in the list above. That point stresses why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Liability only or full coverage
Saving on auto insurance is probably important to most vehicle owners, and one of the quickest ways to reduce the cost of insurance for a Dodge Ram is to buy liability only. The illustration below illustrates the difference between premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Wisconsin. The price estimates are based on no tickets, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
As an average for all age groups, physical damage coverage costs an additional $1,686 per year more than just buying liability insurance. Many people question if it’s worth it to buy full coverage. There is no set rule for eliminating physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
For example, let’s say your vehicle’s replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after paying your deductible. If you are currently paying more than $700 annually for your policy with full coverage, the it may be a good time to stop paying for full coverage.
There are some circumstances where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Impact of careless driving on auto insurance rates
The ideal way to earn good auto insurance prices in Madison for a Ram pickup is to be a careful driver and avoid accidents and keep your driving record clean. The chart below demonstrates how traffic citations and at-fault fender-benders can affect auto insurance costs for each different age category. The prices are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
The chart shows that the average cost of car insurance in Wisconsin per year with no violations or accidents is $1,330. Add in two speeding tickets and the average cost increases to $1,752, an increase of $422 each year. Now add one accident along with the two speeding tickets and the annual cost of auto insurance for a Dodge Ram jumps again to an average of $2,178. That’s an increase of $847, or $71 per month, just for being a less-than-perfect driver!
The diagram below demonstrates how deductibles can change annual premium costs when researching cheap insurance for a Dodge Ram. The premiums are based on a married male driver, comp and collision included, and no other discounts are factored in.
As shown above, a 30-year-old driver could reduce rates by $256 a year by switching from a $100 deductible up to a $500 deductible, or save $386 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, could shave $766 or even more by using higher deductibles when buying full coverage. When using a larger deductible, it’s a good idea to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.