What Insurance is Cheapest for a Dodge Ram in Toledo?

Buying economical car insurance for a Dodge Ram in Ohio is pretty simple for most people to do, but it hinges on a lot of rating factors such as whether you are married or single, whether or not you garage your vehicle, and your choice of deductibles. Drivers will pay around $1,045 annually for Ram insurance, but that amount is an approximation calculated using a 40-year-old single male driver with full coverage and $100 deductibles.

The problem with using this number is the good chance you are not 40 years old and maybe not even male, married instead of single, or maybe you have a speeding ticket or two that will increase rates. Not every driver requires the same auto insurance coverages, so the way we recommend to find cheap insurance rates for your Dodge is to do the rate comparisons yourself. Quotes only take a few minutes and you will receive rate quotes from the best companies that insure Dodge vehicles in Ohio.

Find Cheaper Dodge Ram Insurance

The trim level of your Ram will most likely have an effect on the cost of insurance, so the rate you will pay to insure a Ram Quad Cab ST 2WD trim level will be $264 cheaper than the cost to insure the higher-end Ram Quad Cab Laramie 4WD trim level, as demonstrated by the prices below.

Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in your specific Toledo location which can alter insurance rates greatly.

Insuring your vehicle with a good quality insurance provider can be rather challenging considering how many choices drivers have in Ohio. The information below can help you select which auto insurance companies you want to consider purchasing coverage from. These ratings only include companies who write in the majority of U.S. states, so smaller companies are not taken into consideration for this list.

Top 10 Major Car Insurance Companies Overall in Toledo

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

Full coverage rates compared to liability-only

Saving on car insurance is important to most vehicle owners, and one of the easiest ways to pay lower rates for insurance for a Dodge Ram is to not buy full coverage. The illustration below illustrates the comparison of auto insurance costs with full physical damage coverage and with liability coverage only. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

As an average, full coverage on your policy costs an additional $1,235 per year more than just insuring for liability. That touches on the question when is the right time to remove full coverage. There is no clear-cut formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $6,000 after the deductible is paid. If you are paying more than $600 annually to have full coverage, then it’s probably a good time to buy liability coverage only.

Discounts on Toledo insurance

Car insurance companies that provide policies for a Dodge Ram may have premium discounts that could potentially reduce rates by 30% or more if you meet specific criteria. Larger car insurance companies and their offered discounts can be found below.

• GEICO has discounts for multi-policy, membership and employees, driver training, emergency military deployment, and daytime running lights.
• MetLife discounts include multi-policy, good student, good driver, claim-free, defensive driver, accident-free
• Progressive policyholders can earn discounts including online signing, continuous coverage, online quote discount, multi-policy, and multi-vehicle.
• Travelers includes discounts for IntelliDrive, hybrid/electric vehicle, multi-policy, new car, continuous insurance, and save driver.
• SAFECO may include discounts for bundle discounts, anti-lock brakes, anti-theft, safe driver, and accident prevention training.
• AAA offers discounts including good student, good driver, AAA membership discount, multi-car, education and occupation, multi-policy, and anti-theft.

The diagram below compares car insurance rates with and without discounts applied to the policy rates. The data assumes a female driver, no tickets, no at-fault accidents, Ohio state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with passive restraint, marriage, homeowner, safe-driver, vehicle safety, and anti-theft discounts applied. When these discounts are applied, theaverage amount saved on car insurance for a Dodge Ram is 27% or $432.

Shop around and save

Ohio car insurance rates are calculated based on many things that will increase or decrease the cost of a policy. Simply having a birthday, moving to a different location, or having a fender bender can trigger rate changes that can now make some companies more affordable than competitors. In addition, insurers change rates as often as every three months in order to offset underwriting gains or losses. Higher than normal claim frequency or severity can cause price increases, while better underwriting may cause cheaper Ram insurance rates.

For example, the chart below shows which company has the cheapest car insurance in Toledo, OH for a 45-year-old female driver with a good driving record, no prior claims, and solid credit. If we look at prices based on her current risk factors, Utica National quotes the best car insurance rates in Toledo at $846 a year. This is $194 less than the average premium paid by Ohio drivers of $1,040. Erie, Frankenmuth, Allied, and Travelers also make the list of the best Toledo, OH auto insurance companies.

Let’s now give the driver in the first chart an accident claim, a little lower credit rating, and a few blemishes on her driving record. Since each auto insurer has a different formula for determining rates, analyzing rates could result in a different set of the cheapest car insurance companies in Toledo as shown below.

Merchants Insurance Group now has the cheapest price in Toledo, OH with Cincinnati Insurance, General Casualty, Grange Mutual, and Motorists Mutual also being competitive. This illustrates why it is critical to shop around when trying to find the lowest car insurance rates for a Dodge Ram. Car insurance prices are calculated by many risk factors and change frequently, so the best option the last time you shopped your coverage around may now be wasting a lot of money.

Ideas to find economical auto insurance for a Dodge Ram

Below you’ll find some penny-pinching ideas that can help you get more affordable coverage.

• Serious violations like DUI or careless driving can make car insurance unaffordable
• Get cheaper liability coverage by choosing a safer vehicle
• Higher credit scores may earn you cheaper rates
• Try to not file small claims
• Avoid having at-fault accidents
• Compare rate quotes often

The last idea is particularly significant, as we noted in this piece. Coverage rates can change significantly in a year, so don’t be tentative to switch carriers if you find a better deal.

We understand brand loyalty, but we do not recommend it if your bullheadedness ends up costing you a considerable chunk of change every month. It only take a few minutes to compare prices to find cheaper auto insurance for a Dodge Ram in Toledo.

The Toledo auto insurance agencies shown below can probably help you make a decision which auto insurance coverages would be the best in your situation, as some people have coverage questions and would like to have some professional guidance when comparing insurance rates for a Dodge Ram. It’s not always simple to do it yourself, so a licensed agent can give you peace of mind knowing you have adequate protection in the event of a claim.

To locate a Toledo insurance agent near you, click the button below the list or click here to compare prices now.

• Nationwide Insurance – AOK Agency
  5207 Secor Rd – Toledo, OH 43623 – (419) 472-9405
• Park and Co Insurance
  5749 Park Center Ct – Toledo, OH 43615 – (419) 474-8135
• Henry Geha – State Farm Insurance Agent
  4750 Monroe Street – Toledo, OH 43623 – (419) 472-1399
• Allstate Insurance: Jennifer Soda Zielinski
  2509 W Sylvania Ave Ste 12 – Toledo, OH 43613 – (419) 472-9690

View map of Toledo, OH insurance agents