Cheap Insurance for a Dodge Ram 3500 in Denver

Feel like you’re a prisoner to high-priced Dodge Ram 3500 insurance in Denver? It’s a common feeling and there are many people just like you.

Amazlingly, a recent NerdWallet.com study showed that the majority of drivers kept their policy with the same company for four years or more, and 38% of customers have never shopped around. Drivers in Denver could cut their rates by 35% a year just by comparing rates, but they underestimate how much savings they would realize if they replace their high priced policy.

You have multiple car insurance companies to pick from, and even though it’s nice to have a choice, so many choices can make it hard to find the lowest rates for Dodge Ram 3500 insurance in Denver.

Best companies for Dodge Ram 3500 insurance

The companies in the list below offer free quotes in Denver, CO. If the list has multiple companies, it’s a good idea that you visit several of them to get a more complete price comparison.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in specific location information which can change auto insurance rates greatly.

Full coverage versus liability only rates

The chart below examines Dodge Ram 3500 car insurance costs when comparing full coverage to liability only. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, single female driver, and no discounts are applied to the premium.

Should you be buying full coverage?

There isn’t a written rule to delete comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

For example, let’s assume your Dodge Ram 3500 settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $7,000 after paying your policy deductible. If premiums are more than $700 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where eliminating full coverage is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.

Poor driving habits will raise your car insurance rates

The illustration below shows how speeding tickets and at-fault accidents can raise Dodge Ram 3500 insurance rates for different insured age categories. The data assumes a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

Higher deductibles save money

The information below shows how different deductible levels and can raise or lower Dodge Ram 3500 premium costs for different age groups. Data assumes a married female driver, comp and collision included, and no policy discounts are applied.

Cheaper Denver auto insurance rates with discounts

Some providers don’t necessarily list every possible discount in a way that’s easy to find, so the following list contains a few of the more common and the more hidden credits available to bring down your rates.

• Theft Prevention Discount – Vehicles that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
• Military Discounts – Having an actively deployed family member can result in better auto insurance rates.
• Low Miles Discount – Driving less can earn slightly better rates than normal.
• Senior Discount – Drivers over the age of 55 may qualify for a discount up to 10%.
• Full Payment Discount – If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.

Please keep in mind that most discounts do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

A partial list of companies that may have these benefits include:

• American Family
• State Farm
• 21st Century
• Travelers
• GEICO

When quoting, ask all the companies which discounts you qualify for. Discounts might not be offered in Denver. If you would like to see a list of companies with discount auto insurance rates in Denver, click here to view.

Compare rate quotes but buy from a neighborhood Denver auto insurance agent

Some consumers prefer to buy from a licensed agent and that is recommended in a lot of cases One of the benefits of price shopping on the web is the fact that you can find lower car insurance rates and also buy local. And buying from small agencies is especially important in Denver.

To make it easy to find an agent, after completing this form (opens in new window), your coverage information is submitted to agents in your area that provide free Denver auto insurance quotes for your business. There is no reason to contact any agents as quotes are delivered to your email. Get lower rates without a big time investment. If you wish to get a price quote from a specific company, you would need to go to their quote page and complete a quote there.

Is an exclusive or independent auto insurance agent right for you?

If you are wanting to purchase insurance from a good insurance agency, it’s helpful to know the different agency structures that you can choose from. Agents can be classified as either independent or exclusive.

Independent Agents

Agents of this type are not employed by one company and that is an advantage because they can write policies with multiple insurance companies and possibly get better coverage at lower prices. If you are not satisfied with one company, your agent can switch companies and you don’t have to find a new agent. When comparing rates, you absolutely need to get some free quotes from a couple of independent agencies to maximize your price options.

Listed below is a partial list of independent agents in Denver who can help you get free insurance quotes.

More Denver agents

Exclusive Insurance Agencies

Agents that elect to be exclusive write business for a single company and examples are AAA, Allstate, State Farm, or Farmers Insurance. They are unable to provide other company’s prices so they are skilled at selling on more than just price. Exclusive insurance agents are highly trained on what they offer which aids in selling service over price.

The following are exclusive agents in Denver that can give you price quotes.

More Denver agents

Choosing the best car insurance agent requires more thought than just a low price. The answers to these questions are important, too.

• How long has their agency been open in Denver?
• Which companies can they place coverage with?
• Will the agent help in case of a claim?
• Where would your vehicle be repaired?
• What are their preferred companies if they are an independent agency?
• Are you getting all the discounts the company offers?

Insurance buyers beware

Companies like Progressive, Allstate and GEICO constantly bombard you with ads on TV and radio. They all seem to have a common claim that drivers can save some big amount just by moving your coverage to them. It sounds good, but how can they all charge you a lower premium? This is the way they can do it.

Insurance companies give the best rates for the type of driver that is profitable for them. For instance, this type of insured might have to be a mature driver, carries full coverage, and drives less than 10,000 miles a year. A customer that matches those criteria may get the lowest prices in Denver and most likely will save a lot of money.

Insureds who are not a match for the ideal profile may be forced to pay a more expensive rate and this results in business going elsewhere. Company advertisements say “people who switch” not “everyone that quotes” save that much. That is how insurance companies can make claims that they all have the best prices.

Because of the profiling, it’s extremely important to compare rate quotes every year. You cannot predict which company will have the best premium rates for your profile.

Quote often and quote early

When shopping online for insurance, it’s very important that you do not sacrifice coverage to reduce premiums. In many cases, someone sacrificed comprehensive coverage or liability limits only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price, but do not skimp to save money.

Lower-priced insurance in Denver is possible from both online companies in addition to local insurance agencies, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get a quote online and most of the time these small insurance companies only sell coverage through independent insurance agents.

For more information, link through to the articles below:

• How Does Hitting a Deer Impact Insurance Rates? (Allstate)
• Who Has Affordable Denver Auto Insurance Quotes for a Toyota Camry? (FAQ)
• Who Has Affordable Auto Insurance for Drivers with a Bad Driving Record in Denver? (FAQ)
• Who Has Affordable Denver Auto Insurance Rates for a Ford Explorer? (FAQ)
• Information for Teen Drivers (GEICO)
• Driving in Bad Weather (Insurance Information Institute)
• What are my Rights when Filing a Claim? (Insurance Information Institute)