Finding affordable coverage for a Dodge Ram in New Jersey relies on a complicated rating formula that uses factors such as your gender, your credit rating, and driving violations and tickets. Drivers in New Jersey will pay on average $1,785 annually for Ram insurance, but that amount is an estimate based on a 30-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.
There’s a high likelihood you’re not a 30-year-old male, single instead of married, or maybe you want different physical damage deductibles. Having just a slight change in policy rating criteria or coverages may result in a big change in the amount insurance costs for a Dodge Ram.
This illustrates why the only way to find the most affordable coverage for your Dodge is to compare as many rates as possible.
Compare Dodge Ram Insurance Rates
The specific trim level will influence the insurance rate, so the price you pay to insure a Ram Quad Cab ST 2WD model will be $428 less expensive the insurance cost for the fancier Ram Quad Cab Laramie 4WD model, as shown in the table below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram Quad Cab ST 2WD | $372 | $514 | $544 | $32 | $162 | $1,624 | $135 |
| Ram Quad Cab TRX4 Off Road 2WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Quad Cab SLT 2WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Crew Cab ST 2WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Quad Cab ST 4WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Crew Cab SLT 2WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Crew Cab TRX 2WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Quad Cab SLT 4WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Crew Cab ST 4WD | $420 | $626 | $544 | $32 | $162 | $1,784 | $149 |
| Ram Crew Cab Sport 2WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Quad Cab Sport 2WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Quad Cab TRX4 Off Road 4WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Crew Cab TRX 4WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Crew Cab SLT 4WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Quad Cab Laramie 2WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Crew Cab Laramie 2WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Crew Cab Sport 4WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Quad Cab Sport 4WD | $466 | $738 | $544 | $32 | $162 | $1,942 | $162 |
| Ram Crew Cab Laramie 4WD | $466 | $848 | $544 | $32 | $162 | $2,052 | $171 |
| Ram Quad Cab Laramie 4WD | $466 | $848 | $544 | $32 | $162 | $2,052 | $171 |
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in Jersey City location which can lower or raise coverage prices greatly.
Comparing quotes for reasonably-priced car insurance is not the easiest thing to accomplish, and determining which company has the lowest-priced car insurance rates for a Dodge Ram involves even more diligence. Each insurer has a different process to establish rates, so let’s take a look at the car insurance companies that tend to be cheaper in Jersey City.
Cheapest Insurance Rates for Your Ram Truck
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | 21st Century | $1,100 |
| 2 | Travelers | $1,145 |
| 3 | New Jersey Manufacturers | $1,258 |
| 4 | Palisades | $1,354 |
| 5 | Penn National | $1,379 |
| 6 | California Casualty | $1,437 |
| 7 | Allstate | $1,523 |
| 8 | The Hartford | $1,536 |
| 9 | USAA | $1,585 |
| 10 | Mercury | $1,587 |
| 11 | Esurance | $1,838 |
| 12 | Amica | $1,869 |
| 13 | Progressive | $1,938 |
| 14 | MetLife | $1,991 |
| 15 | State Farm | $2,248 |
| 16 | GEICO | $2,262 |
| 17 | Encompass | $2,397 |
| 18 | Liberty Mutual | $2,978 |
| 19 | Hanover | $3,987 |
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21st Century has some of the lowest car insurance rates in Jersey City at around $1,100 per year. Travelers, New Jersey Manufacturers, Palisades, and Penn National would also make the list of some of the best Jersey City, NJ insurance companies.
In the rate table above, if you are a customer of Palisades and switched to Travelers, you may realize savings of upwards of $209. Drivers with Penn National may save as much as $234 a year, and California Casualty insureds might reduce rates by $292 a year.
To see how much you can save, click here to start your free quote or click through to the companies below.
Bear in mind that those prices are averaged for all drivers and vehicles in New Jersey and are not factoring in a specific zip code for a Dodge Ram. So the company that is most affordable for your situation may not even be in the top 19 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own driver and vehicle profiles.
Cost of full coverage
Reducing the cost of car insurance should be important to the majority of people, and one great way to lower the cost of insurance for a Dodge Ram is to buy liability only. The chart below illustrates the difference between yearly insurance costs with full physical damage coverage and with liability coverage only. The data is based on no driving violations, no at-fault accidents, $500 deductibles, single status, and no discounts are applied to the premium.
If we average all the age groups together, full coverage on your policy costs an extra $2,679 per year over and above liability coverage. That touches on the question if paying for full coverage is a waste of money. There is no definitive formula for dropping comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s assume your vehicle’s settlement value is $12,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $11,000 after paying your deductible. If premium cost is more than $1,100 a year for your policy with full coverage, then it might be time to buy liability only.
There are some cases where only buying liability is not recommended. If you still have a loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.
The information below shows how choosing a deductible can increase or decrease yearly insurance costs when searching for cheap insurance for a Dodge Ram. The costs are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
In the chart above, a 50-year-old driver could lower their policy premium by $414 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $628 by using a $1,000 deductible. Even younger drivers, like the 20-year-old category, could lower their rates $1,378 or more by using a higher deductible. If you do raise deductibles, it will be required to have emergency funds available to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Why you should shop around for Ram insurance
Jersey City, NJ car insurance rates are influenced by many factors which can substantially decrease or increase the cost of a policy. Simply having another birthday, having a teenage driver, or having an accident can trigger price changes that can now make some companies cheaper than others. In addition to those changes, insurance companies change the rates they charge in New Jersey every year in order to offset underwriting gains or losses. A period of increased losses can result in a rate increase, while lower claims may cause lower-priced Ram insurance rates.
For example, the bar chart below shows the cheapest car insurance in Jersey City, NJ for a 30-year-old female driver with no violations or accidents, and excellent credit. When quoting prices based on her current risk profile, 21st Century might offer the most affordable car insurance rates in Jersey City at $1,480 annually. This is $372 less than the average premium paid by New Jersey drivers of $1,852. Travelers, New Jersey Manufacturers, Penn National, and Palisades are the remaining cheapest Jersey City, NJ auto insurance companies.
The example below compares rates after we give the driver in the first example a chargeable accident, less-than-perfect credit, and a couple of points charged on her driving record. Because every insurance company has a different formula to set premium rates, analyzing rate quotes may result in a different list of affordable Jersey City car insurance companies as shown below.
The Hartford now has the cheapest rate in Jersey City, NJ with USAA, Allstate, Mercury, and Travelers completing the list. This demonstrates why it is critical to compare many different companies to find the cheapest car insurance rates for a Dodge Ram.
Insurance rates can be determined by many risk factors and can decrease or increase without notice, so the most affordable company the last time you checked may now be one of the higher cost companies.
How to find the cheapest car insurance for a Dodge Ram
The list below details a few penny-pinching ideas that can help drivers find more affordable coverage.
- Try to not file small claims
- Bundle home and auto and save
- Do not get tickets or violations
- Good credit can save money
- Raise deductibles to save money
- Being accident-free can lower rates significantly
- Compare rates often to find the best deal
That last idea is notably necessary, as was noted in the article above. Prices charged by companies can change significantly in a year, so don’t be unwilling to change to a new company if you can find a cheaper rate. Many drivers prefer to stick with one company, but we do not recommend it if that dedication is costing hundreds every year. It takes less than five minutes to compare prices to find cheaper insurance for a Dodge Ram in Jersey City.