It’s hard to fathom, but over 70% of consumers have purchased from the same company for well over three years, and roughly 40% of drivers have never compared insurance rates at all. Most drivers in Newark could pocket roughly $716 a year by just comparing quotes, but they just don’t understand how easy it is to compare other rate quotes.
If saving the most money is your goal, then the best way to find better pricing on Dodge Ram 3500 insurance is to regularly compare prices from companies in Newark.
- First, read and learn about how auto insurance works and the modifications you can make to keep rates low. Many policy risk factors that result in higher prices like inattentive driving and poor credit history can be remedied by making lifestyle changes or driving safer.
- Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like Progressive or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.
- Third, compare the new rate quotes to your existing rates to see if cheaper Ram 3500 coverage is available in Newark. If you can save some money and buy the policy, make sure coverage is continuous and does not lapse.
- Fourth, provide adequate notice to your current company of your decision to cancel your current policy. Submit a completed application and payment to the newly selected company. Once received, put the new proof of insurance paperwork in an easily accessible location in your vehicle.
A crucial key to this process is to make sure you enter the same physical damage deductibles and liability limits on each price quote and and to compare every insurance company. This guarantees a fair rate comparison and a complete rate analysis.
Affordable car insurance in Newark, NJ
The companies in the list below provide quotes in Newark, NJ. If you wish to find cheap auto insurance in New Jersey, we recommend you visit as many as you can to find the lowest car insurance rates.
Coverage analysis
The rate information shown below outlines detailed analysis of insurance costs for Dodge Ram 3500 models. Being aware of how insurance policy rates are calculated can assist in making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram 3500 Crew Cab Laramie 2WD | $296 | $394 | $630 | $38 | $188 | $1,546 | $129 |
| Ram 3500 Crew Cab ST 2WD | $362 | $464 | $630 | $38 | $188 | $1,682 | $140 |
| Ram 3500 Crew Cab ST 4WD | $362 | $534 | $944 | $56 | $282 | $2,178 | $182 |
| Ram 3500 Crew Cab SLT 2WD | $362 | $534 | $630 | $38 | $188 | $1,752 | $146 |
| Ram 3500 Mega Cab SLT 2WD | $362 | $534 | $630 | $38 | $188 | $1,752 | $146 |
| Ram 3500 Mega Cab SLT 4WD | $362 | $604 | $944 | $56 | $282 | $2,248 | $187 |
| Ram 3500 Crew Cab SLT 4WD | $362 | $604 | $944 | $56 | $282 | $2,248 | $187 |
| Ram 3500 Crew Cab Laramie 4WD | $362 | $604 | $944 | $56 | $282 | $2,248 | $187 |
| Ram 3500 Mega Cab Laramie 2WD | $362 | $534 | $630 | $38 | $188 | $1,752 | $146 |
| Ram 3500 Crew Cab Laramie 2WD | $362 | $534 | $630 | $38 | $188 | $1,752 | $146 |
| Ram 3500 Mega Cab Laramie 4WD | $362 | $604 | $944 | $56 | $282 | $2,248 | $187 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rate information does not factor in specific zip code location which can decrease or increase coverage rates considerably.
Can higher deductibles save money?
One of the hardest decisions when shopping for auto insurance is the level to set your comp and collision deductibles. The comparison tables below help summarize the difference in cost between low and high insurance deductibles. The first set of rates uses a $100 deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram 3500 Crew Cab Laramie 2WD | $466 | $746 | $480 | $28 | $144 | $1,889 | $157 |
| Ram 3500 Crew Cab ST 2WD | $574 | $880 | $480 | $28 | $144 | $2,131 | $178 |
| Ram 3500 Crew Cab ST 4WD | $574 | $1014 | $720 | $42 | $216 | $2,591 | $216 |
| Ram 3500 Crew Cab SLT 2WD | $574 | $1014 | $480 | $28 | $144 | $2,265 | $189 |
| Ram 3500 Mega Cab SLT 2WD | $574 | $1014 | $480 | $28 | $144 | $2,265 | $189 |
| Ram 3500 Mega Cab SLT 4WD | $574 | $1146 | $720 | $42 | $216 | $2,723 | $227 |
| Ram 3500 Crew Cab SLT 4WD | $574 | $1146 | $720 | $42 | $216 | $2,723 | $227 |
| Ram 3500 Crew Cab Laramie 4WD | $574 | $1146 | $720 | $42 | $216 | $2,723 | $227 |
| Ram 3500 Mega Cab Laramie 2WD | $574 | $1014 | $480 | $28 | $144 | $2,265 | $189 |
| Ram 3500 Crew Cab Laramie 2WD | $574 | $1014 | $480 | $28 | $144 | $2,265 | $189 |
| Ram 3500 Mega Cab Laramie 4WD | $574 | $1146 | $720 | $42 | $216 | $2,723 | $227 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram 3500 Crew Cab Laramie 2WD | $340 | $504 | $480 | $28 | $144 | $1,496 | $125 |
| Ram 3500 Crew Cab ST 2WD | $418 | $594 | $480 | $28 | $144 | $1,664 | $139 |
| Ram 3500 Crew Cab ST 4WD | $418 | $684 | $720 | $42 | $216 | $2,080 | $173 |
| Ram 3500 Crew Cab SLT 2WD | $418 | $684 | $480 | $28 | $144 | $1,754 | $146 |
| Ram 3500 Mega Cab SLT 2WD | $418 | $684 | $480 | $28 | $144 | $1,754 | $146 |
| Ram 3500 Mega Cab SLT 4WD | $418 | $774 | $720 | $42 | $216 | $2,170 | $181 |
| Ram 3500 Crew Cab SLT 4WD | $418 | $774 | $720 | $42 | $216 | $2,170 | $181 |
| Ram 3500 Crew Cab Laramie 4WD | $418 | $774 | $720 | $42 | $216 | $2,170 | $181 |
| Ram 3500 Mega Cab Laramie 2WD | $418 | $684 | $480 | $28 | $144 | $1,754 | $146 |
| Ram 3500 Crew Cab Laramie 2WD | $418 | $684 | $480 | $28 | $144 | $1,754 | $146 |
| Ram 3500 Mega Cab Laramie 4WD | $418 | $774 | $720 | $42 | $216 | $2,170 | $181 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in your specific Newark location which can raise or lower rates substantially.
We can estimate from the data above that using a $100 deductible will cost you roughly $42 more each month or $504 for a full year than selecting the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 10 months between claims, you would probably save some money if you opt for a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $100 deductibles: | $201 |
| Average monthly premium for $500 deductibles (subtract): | – $159 |
| Monthly savings from raising deductible: | $42 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $42 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 10 months |
One important note is that higher deductibles means you will have to pay more out-of-pocket when you have a claim. That will require some extra savings in order to pay more for the deductible.
Price comparison of only insuring for liability
The diagram below illustrates the comparison of Dodge Ram 3500 premium costs with full physical damage coverage and with liability coverage only. The price estimates are based on no accidents or driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
When to stop buying full coverage
There isn’t a written rule of when to phase out physical damage coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s say your Dodge Ram 3500 book value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $3,000 after paying your deductible. If premium cost is more than $300 a year to have full coverage, then it might be time to consider dropping full coverage.
There are a few cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Companies offer money-saving discounts on Dodge Ram 3500 insurance in Newark
Some providers do not list all available discounts in a way that’s easy to find, so we break down both the well known and also the lesser-known insurance savings. If you aren’t receiving every discount you deserve, you could be paying more than you need to.
- Distant Student – Any of your kids who attend college more than 100 miles from Newark and do not have access to a covered vehicle may qualify for this discount.
- Seat Belts Save more than Lives – Drivers who require all occupants to buckle up can save a little off the PIP or medical payment premium.
- Smart Student Discounts – Being a good student can be rewarded with saving of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- E-sign Discounts – Some companies will provide an incentive shop Newark car insurance on the web.
- More Vehicles More Savings – Drivers who insure primary and secondary vehicles with the same insurance company can get a discount on all vehicles.
- Life Insurance – Not all insurance companies offer life insurance, but some may give you better prices if you take out a life insurance policy as well.
We need to note that most discounts do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like you could get a free insurance policy, that’s just not realistic. But all discounts will reduce your policy premium.
The information below compares Dodge Ram 3500 car insurance costs with and without discounts applied. The data assumes a female driver, no violations or claims, New Jersey state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, multi-policy, claim-free, and homeowner discounts applied.
A few popular companies and a partial list of their discounts are:
- Farmers Insurance policyholders can earn discounts including pay in full, teen driver, bundle discounts, early shopping, good student, switch companies, and electronic funds transfer.
- State Farm offers premium reductions for passive restraint, Steer Clear safe driver discount, safe vehicle, accident-free, multiple autos, good student, and driver’s education.
- Liberty Mutual offers discounts for new vehicle discount, multi-policy, new move discount, preferred payment discount, good student, multi-car, and safety features.
- MetLife discounts include good driver, defensive driver, multi-policy, accident-free, good student, claim-free
- Progressive may offer discounts for online quote discount, good student, multi-vehicle, continuous coverage, homeowner, multi-policy, and online signing.
If you want affordable Newark car insurance quotes, ask every company which discounts they offer. Some of the discounts discussed earlier might not be available to policyholders everywhere. To see a list of providers that offer discounts in New Jersey, click here.
Exclusive versus independent insurance agencies
Many people still like to go talk to an agent and often times that is recommended Experienced insurance agents can make sure you are properly covered and will help you if you have claims. One of the great benefits of getting free rate quotes online is you can get cheap auto insurance quotes but still work with a licensed agent.
By using this form (opens in new window), the coverage information is emailed to participating agents in Newark who will give you quotes for your auto insurance coverage. There is no need to leave your house as quotes are delivered to your email. If you wish to compare prices from a specific insurance company, don’t hesitate to go to their quote page and give them your coverage information.
Finding the right insurer should depend on more than just a cheap quote. Any good agent in Newark should know the answers to these questions.
- Will one accident increase rates?
- How long has their agency been open in Newark?
- How many years of experience in personal auto insurance do they have?
- Are they in the agency full-time?
- Does the agent have professional designations like CIC, CPCU or AIC?
Independent or Exclusive: It’s your choice
When finding a good Newark insurance agent, it’s important to understand the different agency structures that you can select. Newark agents can be classified as either exclusive or independent agents depending on their company appointments. Both sell affordable auto insurance policies, but it’s worth mentioning the subtle differences because it can influence your agent selection.
Exclusive Insurance Agents
Agents that elect to be exclusive have only one company to place business with like State Farm or Allstate. Exclusive agencies are unable to provide rate quotes from other companies so they really need to provide good service. Exclusive insurance agents are very knowledgeable on their company’s products and that allows them to sell at a higher price point. Drivers often purchase coverage from exclusives primarily because of the prominence of the brand rather than having the cheapest rates.
Shown below is a short list of exclusive agencies in Newark willing to provide rate quotes.
- Farmers Insurance – Anthony Pugliese
41 Wilson Ave – Newark, NJ 07105 – (973) 732-2105 – View Map - Farmers Insurance: Anthony Pugliese
217 Chestnut St – Newark, NJ 07105 – (973) 536-2060 – View Map - State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map
Independent Insurance Agents
Agents that choose to be independent are not required to write business for one company so they can write business amongst many companies depending on which coverage is best. If premiums increase, your agent can switch companies without you having to go to a different agency.
When comparison shopping, we highly recommend that you include rate quotes from a few independent agents in order to have the best price comparison. Most have the option of insuring with smaller mutual companies which can be an advantage.
Below is a short list of independent agents in Newark that are able to give price quote information.
- Acosta Agency
568 Broadway # B – Newark, NJ 07104 – (973) 482-5898 – View Map - Knight Insurance Consulting Group
454 Washington St – Newark, NJ 07102 – (973) 704-1024 – View Map - Halsey Street Agency Inc
199 Halsey St – Newark, NJ 07102 – (973) 621-0955 – View Map
The best insurance company isn’t always the cheapest
Cost effective Dodge Ram 3500 insurance can be found online and also from your neighborhood Newark agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers do not provide online quoting and these small, regional companies work with local independent agents.
Drivers switch companies for a variety of reasons including denial of a claim, policy cancellation, poor customer service or even policy non-renewal. Regardless of your reason, switching insurance companies can be pretty painless.
Throughout this article, we presented a lot of ways to save on Dodge Ram 3500 insurance in Newark. It’s most important to understand that the more quotes you get, the better your chances of lowering your prices. Drivers may even discover the most savings is with some of the lesser-known companies.
To read more, feel free to browse the articles below:
- Drunk Driving Statistics (Insurance Information Institute)
- What Car Insurance is Cheapest for a 20 Year Old Male in Newark? (FAQ)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Your Car has been Stolen: Now What? (Allstate)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)