Buying the best cheap insurance for a Dodge Ram is usually pretty straightforward, but it relies on a lot of different factors such as how old the Ram is, your credit score, and any prior driving offenses. Drivers in New Jersey pay on average $1,564 per year to insure their Ram, but that price is an approximation based upon a 50-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.
But there is a good chance that you’re not a 50-year-old male, single instead of married, or maybe you need higher liability limits than the state minimum. The different assumptions illustrate why the way we recommend to find affordable rates for your Dodge is to do the rate comparisons yourself. It only takes a couple of minutes and you will receive prices from the best auto insurance companies that sell coverage in New Jersey.
Vehicle trim level tends to have a direct effect on the annual cost of coverage, so the price you pay to insure a Ram Quad Cab ST 2WD will be $358 less than the cost to insure the more well-appointed Ram Quad Cab Laramie 4WD model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ram Quad Cab ST 2WD||$290||$438||$522||$30||$156||$1,436||$120|
|Ram Quad Cab TRX4 Off Road 2WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Quad Cab SLT 2WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Crew Cab ST 2WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Quad Cab ST 4WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Crew Cab SLT 2WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Crew Cab TRX 2WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Quad Cab SLT 4WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Crew Cab ST 4WD||$326||$532||$522||$30||$156||$1,566||$131|
|Ram Crew Cab Sport 2WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Quad Cab Sport 2WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Quad Cab TRX4 Off Road 4WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Crew Cab TRX 4WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Crew Cab SLT 4WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Quad Cab Laramie 2WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Crew Cab Laramie 2WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Crew Cab Sport 4WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Quad Cab Sport 4WD||$364||$626||$522||$30||$156||$1,698||$142|
|Ram Crew Cab Laramie 4WD||$364||$722||$522||$30||$156||$1,794||$150|
|Ram Quad Cab Laramie 4WD||$364||$722||$522||$30||$156||$1,794||$150|
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Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rate quotes do not factor in specific garaging location which can change premium rates considerably.
Which insurance company is best in Newark?
Selecting a good quality car insurance company is difficult considering how many companies provide coverage in Newark. The company ratings listed below can help you select which coverage providers to look at purchasing coverage from.
The ratings below are for companies that insure vehicles across America, so companies without a large exposure are not taken into consideration for these rankings. To check rates from these top-rated insurers and more, click here.
Top 10 Major Auto Insurance Providers in Newark Ranked by Value
- The Hartford
- Mercury Insurance
- Farmers Insurance
- Safeco Insurance
- AAA Insurance
- 21st Century
- State Farm
- American Family
Rate comparison of full coverage and liability-only
Reducing premiums for insurance is important to the majority of vehicle owners, and a good way to find cheaper insurance for a Dodge Ram is to not pay for full coverage. The example below shows the comparison of auto insurance costs when comparing full coverage to liability only. The rate quotes are based on no claims or driving citations, $250 deductibles, single status, and no discounts are applied.
Averaged for all ages 20 through 70, full coverage on your policy costs $3,480 per year more than just insuring for liability. That raises the question if it’s a good idea to buy full coverage. There is no exact rule of when to exclude full coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
Illustration showing the impact of accidents and violations
In a perfect world, the ideal way to receive cheap insurance prices in Newark for a Ram pickup is to pay attention while driving and not get tickets or have accidents. The example below demonstrates how traffic citations and accident claims can impact insurance prices for different categories of driver ages. The price estimates are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of auto insurance in New Jersey per year with no accidents or violations is $3,215. Get written up for one speeding ticket and the average cost jumps to $3,624, an increase of $409 each year. Now add one accident along with the one speeding ticket and the annual cost of insurance for a Dodge Ram goes up to an average of $4,762. That’s an increase of $1,547, or $129 per month, just for not driving carefully!
Discount Newark car insurance rates
Insurers that provide coverage for a Dodge Ram may also give you policy discounts that could lower prices by 30% or more if you meet specific criteria. The best insurance companies and some of the discounts are shown below.
- Farmers Insurance may offer discounts for pay in full, business and professional, teen driver, multi-car, and mature driver.
- State Farm policyholders can earn discounts including multiple autos, driver’s education, defensive driving training, student away at school, safe vehicle, and passive restraint.
- Liberty Mutual may have discounts that include safety features, teen driver discount, newly married, preferred payment discount, new graduate, new vehicle discount, and good student.
- MetLife discounts include accident-free, claim-free, multi-policy, good driver, good student, defensive driver
- Progressive includes discounts for online quote discount, online signing, good student, multi-vehicle, and continuous coverage.
The example below shows the difference between premium costs with and without discounts applied to the policy rates. The costs are based on a male driver, no claims or driving violations, New Jersey state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with vehicle safety, anti-theft, defensive driving course, accident-free, safe-driver, and multiple policy discounts applied. When discounts are applied, the average savings per year on insurance for a Dodge Ram is 28% or $914.