Compare Dodge Ram 3500 Insurance Rates in Orlando

How long has it been since you compared the cheapest Dodge Ram 3500 insurance in Orlando? There isn’t a single person who gets a kick out of paying for insurance, especially when they are paying too much.

Remarkably, a study showed that the vast majority of consumers kept buying from the same company for at least four years, and about 40% of consumers have never even shopped around for cheaper coverage. Orlando consumers could pocket up to $1,130 a year just by getting comparison quotes, but they underestimate how much they could save if they switch to a new company.

Because there are so many insurance companies to choose from that have affordable insurance for a Dodge Ram 3500 in Orlando, it is hard for the average consumer to choose a lower cost insurance company.

It’s a good habit to do rate comparisons every six months because insurance prices change frequently. If you had the lowest rates on Dodge Ram 3500 insurance in Orlando two years ago you can probably find a better premium rate now. You can find a lot of information about Ram 3500 insurance on the web, but in this article, you’re going to get a lot of great tips on how to lower your insurance premiums.

Car insurance analysis for a Dodge Ram 3500

The table shown next highlights a range of insurance costs for Dodge Ram 3500 models. Learning more about how insurance rates are determined can be useful when making decisions on the best policy to buy.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Florida minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location which can affect rates greatly.

Should you raise deductibles?

One of the hardest decisions when shopping for car insurance is where to set your physical damage deductibles. The following insurance rates sum up the rate fluctuation of buying low and high insurance deductibles. The first rate quote example uses a $100 physical damage deductible and the second rate table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate information does not factor in specific zip code location which can influence auto insurance rates substantially.

Based on these figures, using a $100 deductible will cost you roughly $55 more each month or $660 annually across all Dodge Ram 3500 models than selecting the higher $1,000 deductible. Since you would pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have more than 16 months between claim filings, you would come out ahead if you decide on a higher deductible.

The diagram below illustrates how your deductible choice and can affect Dodge Ram 3500 insurance costs for each different age group. The data assumes a single male driver, full coverage, and no discounts are factored in.

Full coverage versus liability-only in Orlando

The chart below visualizes the comparison of Dodge Ram 3500 yearly insurance costs when comparing full coverage to liability only. The information is based on no violations or accidents, $500 deductibles, single status, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There is no definitive formula to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Dodge Ram 3500 settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after paying the physical damage deductible. If you are paying over $200 annually for physical damage coverage, then you might consider buying liability only.

There are a few cases where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.

How to Lower Your Insurance Costs

Multiple criteria are part of the calculation when you quote your car insurance policy. Some are obvious such as your driving history, but others are more obscure such as whether you are married or your commute time. When buying car insurance it’s important to understand the rating factors that aid in calculating your car insurance rates. If you know what controls the rates you pay, this empowers consumers to make smart changes that can help you get lower car insurance prices.

Your address can affect premiums – Having an address in small towns and rural areas has it’s advantages when shopping for auto insurance. Drivers who live in large cities have more auto accidents and more time behind the wheel. Less people living in that area means fewer accidents and a lower car theft rate.

Don’t skimp on liability – Liability coverage kicks in if you are ruled to be at fault for causing damage or personal injury in an accident. It provides for a legal defense which can cost a lot. Liability is cheap compared to insuring for physical damage coverage, so drivers should make sure they buy enough to cover all assets.

Performance makes a difference – The performance level of the car you drive makes a huge difference in the rate you pay. The cheapest insurance rates are usually found on lower performance four cylinder passenger models, but that’s not the only thing that factors into the final price.

The next chart assumes a married female driver age 40, full coverage with $250 deductibles, and no discounts or violations. The data compares Dodge Ram 3500 insurance premiums compared to other models that have different risk factors.

Is insurance cheaper for men or women? – Statistics demonstrate that women are safer drivers than men. It does not mean males are worse at driving than females. Both genders cause at-fault accidents in similar numbers, but the men cause more damage. In addition to higher claims, males also get ticketed for serious violations like reckless driving and DUI. Youthful male drivers cause the most accidents and are penalized with high car insurance rates.

The information below illustrates the comparison of Dodge Ram 3500 insurance costs for male and female drivers. The data assumes no accidents, no driving violations, full coverage, $100 deductibles, single marital status, and no policy discounts are applied.

Discounts for married couples – Having a spouse helps lower the price on your car insurance bill. Marriage usually means you are more responsible and insurance companies reward insureds because drivers who are married are more cautious.

Credit rating impacts premium rates – Your credit score is likely to be a major factor in determining what you pay for car insurance. People that have very high credit ratings tend to be better risks to insure than those with lower credit scores. So if your credit rating can be improved, you may save money insuring your Dodge Ram 3500 if you improve your credit rating.

Car insurance companies ranked

Ending up with a highly-rated car insurance company is hard considering how many choices you have in Florida. The information below could help you pick which car insurance providers to look at when looking for cheaper rates.

Top 10 Orlando Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Orlando Car Insurance Companies Ranked by Customer Service

1. USAA
2. Travelers
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Safeco Insurance
7. Progressive
8. State Farm
9. The Hartford
10. The General

Keep this in mind when shopping around

In this article, we presented many ideas to find affordable Dodge Ram 3500 insurance in Orlando. It’s most important to understand that the more times you quote, the better your comparison will be. Consumers may even find the lowest rates are with a lesser-known regional company.

Insureds leave their current company for a number of reasons such as extreme rates for teen drivers, delays in paying claims, policy cancellation or even lack of trust in their agent. It doesn’t matter why you want to switch choosing a new insurance company can be pretty painless.

As you quote Orlando car insurance, don’t be tempted to reduce coverage to reduce premium. There have been many cases where consumers will sacrifice liability limits or collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy enough coverage at a price you can afford and still be able to protect your assets.

Steps to buying discount Dodge Ram 3500 insurance in Orlando

Really, the only way to get discount auto insurance rates in Orlando is to do an annual price comparison from companies who sell insurance in Florida.

First, it will benefit you to learn about car insurance and the things you can change to prevent expensive coverage. Many things that result in higher rates such as at-fault accidents, careless driving, and a low credit rating can be amended by making minor changes in your lifestyle.

Second, request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like Progressive or Allstate, while independent agents can provide price quotes from multiple companies. Click to view companies

Third, compare the new rate quotes to your current policy and determine if there is any savings. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, provide adequate notice to your current company of your intention to cancel the current policy and submit a down payment and signed policy application to your new company or agent. As soon as you have the new policy, put the new proof of insurance paperwork in an easily accessible location.

One key aspect of rate comparisons is that you’ll want to make sure you compare the same deductibles and limits on every quote request and and to get price estimates from as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and maximum price selection.

More tips and info about car insurance can be found in the articles below:

• Distracted Driving Statistics (Insurance Information Institute)
• How Much are Orlando Car Insurance Quotes for a School Permit? (FAQ)
• How Much are Car Insurance Quotes for Safe Drivers in Orlando? (FAQ)
• Who Has Affordable Auto Insurance Quotes for a Company Car in Orlando? (FAQ)
• Who Has the Cheapest Orlando Car Insurance Quotes for Young Drivers? (FAQ)
• How Much is Auto Insurance for a Ford Explorer in Orlando? (FAQ)
• Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
• Older Driver Statistics (Insurance Information Institute)
• How to Avoid Staged Accidents (State Farm)
• Auto Insurance 101 (About.com)