Cheap Rate Quotes for Dodge Ram 3500 Insurance in Minneapolis

Really, the only way to find more affordable Dodge Ram 3500 insurance in Minneapolis is to annually compare prices from different companies who provide auto insurance in Minnesota.

• Step 1: Spend some time learning about what is in your policy and the measures you can control to drop your rates. Many rating factors that cause high rates like inattentive driving and an unacceptable credit score can be amended by making lifestyle changes or driving safer. Keep reading for more details to prevent high rates and get additional discounts that may have been overlooked.
• Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like Progressive or State Farm, while agents who are independent can provide price quotes from multiple insurance companies.
• Step 3: Compare the new rates to your existing coverage to see if a cheaper rate is available. If you can save money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Step 4: Give notification to your agent or company to cancel your current auto insurance policy. Submit payment along with a signed and completed policy application to your new insurance company. Once received, put the new certificate verifying coverage along with your vehicle registration.

An important bit of advice to remember is to try to compare the same coverage limits and deductibles on every quote request and and to compare as many companies as you can. This provides a fair price comparison and the most accurate and complete price analysis.

It’s well known that car insurance companies don’t want customers comparing rates. People who get comparison quotes once a year are likely to move their business because they have a good chance of finding better rates. A study discovered that drivers who routinely compared rates saved an average of $3,500 over four years as compared to drivers who don’t make a habit of comparing rates.

If finding discount rates on insurance in Minneapolis is your intention, knowing how to get rate quotes and compare insurance premiums can help simplify the task of finding more affordable coverage.

When shopping for Dodge Ram 3500 insurance in Minneapolis there are multiple ways of comparing price quotes from many different Minnesota insurance companies. The easiest way to comparison shop is to use the internet to compare rates.

Online shopping is fast and free, and it makes it obsolete to spend your day driving to all the different Minneapolis insurance agencies. The ability to quote Dodge Ram 3500 insurance online can eliminate the need for a local agent unless you want the professional guidance only provided by licensed Minneapolis agents. Although, it is possible get the lowest quotes online and get advice from an agent in your area.

When comparing car insurance rates, know that obtaining a wide range of quotes helps improve the odds of finding the best rates.

The following companies have been selected to offer price comparisons in Minneapolis, MN. In order to find the cheapest car insurance in Minneapolis, MN, it’s highly recommended you visit several of them in order to get a fair rate comparison.

Car insurance is not optional but you don’t have to overpay

Even though it can be expensive, insurance serves a purpose in several ways.

• Most states have minimum mandated liability insurance limits which means state laws require a minimum amount of liability insurance in order to license the vehicle. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you bought your Dodge Ram 3500 with a loan, it’s guaranteed your bank will stipulate that you have insurance to guarantee payment of the loan. If you default on your policy, the lender may insure your Dodge for a lot more money and make you pay much more than you were paying before.
• Insurance protects not only your Dodge but also your assets. It will also cover medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, your car insurance policy will pay to repair the damage.

The benefits of having car insurance are without a doubt worth the cost, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is overpaying over $865 each year so you should quote rates at every renewal to ensure rates are inline.

Facts and figures for Dodge Ram 3500 insurance

The rate table displayed below outlines different insurance rates for Dodge Ram 3500 models. Understanding how auto insurance prices are formulated can aid in making smart buying decisions.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in vehicle location which can modify premium rates greatly.

Physical damage deductibles

When shopping for auto insurance, a common question is how high should your deductibles be. The data tables below summarize the rate fluctuation when you buy lower versus higher comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Prices do not factor in specific location which can lower or raise premiums substantially.

Using the premium rates above, we can conclude that using a $250 deductible costs approximately $16 more each month or $192 annually averaged for all Ram 3500 models than requesting the higher $500 deductible. Because you would be required to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you have at least 16 months between claim filings, you would save money if you choose the higher deductible. Below is the way this determination is made.

Cost of full coverage

The information below shows the comparison of Dodge Ram 3500 annual premium costs with liability coverage only compared to full coverage. The information is based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Deciding between full coverage and liability only

There isn’t a written rule to eliminate full coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your Dodge Ram 3500 book value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after you pay the deductible. If it’s costing in excess of $800 a year for physical damage coverage, then you might consider buying liability only.

There are a few situations where dropping physical damage coverage is not recommended. If you haven’t satisfied your loan, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not opt for liability only.

Save a ton by taking advantage of discounts

Some companies don’t always advertise the complete list of policy discounts in an easy-to-find place, so the next list breaks down some of the best known and the harder-to-find discounts you could be receiving when you buy Minneapolis auto insurance online.

• Defensive Driver – Completing a course in defensive driving could possibly earn you a 5% discount if your company offers it.
• Switch and Save Discount – A few companies offer discounts for signing up before your current expiration date. This can save 10% or more.
• Government Employee Discount – Active or retired federal employment may qualify for a discount when you quote Minneapolis auto insurance depending on your auto insurance provider.
• Anti-lock Brakes – Cars, trucks, and SUVs that have anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
• Discounts for Multiple Vehicles – Drivers who insure multiple vehicles on one policy could earn a price break for each car.
• Driver’s Education for Students – Teen drivers should successfully take a driver’s education course in school.
• Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a small discount if you purchase life insurance from them.
• Multiple Policy Discount – When you combine your homeowners and auto insurance and insure them both with the same insurance company you could earn a discount of up to 20% and get you affordable Dodge Ram 3500 insurance rates in Minneapolis.
• Club Memberships – Participating in specific professional or occupational memberships or organizations could trigger savings on your next renewal.
• Senior Citizen Rates – If you qualify as a senior citizen, you may receive reduced rates.

It’s important to note that many deductions do not apply to the overall cost of the policy. Most only cut specific coverage prices like liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, nobody gets a free ride.

The chart below illustrates the difference between Dodge Ram 3500 insurance costs with and without discounts applied to the policy premium. The prices are based on a female driver, no violations or claims, Minnesota state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, homeowner, claim-free, and multi-policy discounts applied.

Some companies that may have many of the previously listed discounts include:

• State Farm
• GEICO
• Allstate
• SAFECO
• Farm Bureau
• Progressive
• AAA

When getting a coverage quote, ask every company which credits you are entitled to. A few discounts might not apply in every state.

Are insurance agencies a thing of the past?

Certain consumers would rather visit with an insurance agent and that is not a bad decision An additional benefit of price shopping on the web is that you can obtain the lowest rates but also keep your business local. And providing support for local agents is important particularly in Minneapolis.

To help locate an agent, after submitting this quick form, the quote information is immediately sent to insurance agents in Minneapolis who want to provide quotes for your insurance coverage. There is no reason to do any legwork because quoted prices will be sent immediately to your email address. You can find better rates and an insurance agent to talk to. If you have a need to compare rates from a particular provider, feel free to find their quoting web page and fill out the quote form the provide.

Exclusive agents vs. Independent agents

When finding a good Minneapolis insurance agent, it can be helpful to understand the different types of agencies that you can select. Insurance agencies in Minneapolis can be categorized as either independent or exclusive.

Independent Agencies or Brokers

Agents in the independent channel often have many company appointments and that allows them to write policies through lots of different companies depending on which coverage is best. To transfer your coverage to a different company, your agent can switch companies and you don’t have to do anything.

When comparison shopping, it’s a good idea to include price quotes from multiple independent agents to ensure the widest selection of prices.

Featured below are independent agencies in Minneapolis that can possibly get you price quote information.

More Minneapolis agents

Exclusive Insurance Agencies

Agents that elect to be exclusive can only provide one company’s prices and some examples include State Farm, AAA, Farmers Insurance or Allstate. They usually cannot give you multiple price quotes so it’s a take it or leave it situation. Exclusive agents receive extensive training on their company’s products which helps them compete with independent agents.

The following are exclusive insurance agencies in Minneapolis willing to provide comparison quotes.

More Minneapolis agents

Deciding on an insurance agent requires more thought than just a cheap quote. Below are some questions you should ask.

• Who is covered by the car insurance policy?
• Is there a 24/7 contact number?
• How will an accident affect your rates?
• Will a damage claim use OEM or aftermarket replacement parts?
• Do they carry Errors and Omissions coverage?

Minneapolis auto insurance company ratings

Insuring your vehicle with the best auto insurance provider can be challenging considering how many companies provide coverage in Minnesota. The company rank data in the lists below may help you pick which auto insurers you want to consider when comparing rate quotes.

Top 10 Minneapolis Car Insurance Companies Ranked by Value

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

Top 10 Minneapolis Car Insurance Companies Ranked by Claims Service

1. Progressive
2. Travelers
3. Liberty Mutual
4. Nationwide
5. USAA
6. AAA Insurance
7. GEICO
8. Safeco Insurance
9. Mercury Insurance
10. Esurance

Lower rates by being persistent

There are still a few companies who do not offer online price quotes and usually these smaller companies provide coverage only through local independent agents. Budget-friendly car insurance in Minneapolis is possible online and from local insurance agents, so compare prices from both in order to have the best chance of saving money.

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. There have been many cases where someone dropped collision coverage only to regret that the savings was not a smart move. Your goal should be to find the BEST coverage at the best cost, but don’t skip important coverages to save money.

Additional car insurance information can be read on the following sites:

• Bodily Injury Coverage (Liberty Mutual)
• Who Has Cheap Car Insurance Rates for a School Permit in Minneapolis? (FAQ)
• How Much is Minneapolis Car Insurance for a Nissan Sentra? (FAQ)
• Who Has Affordable Auto Insurance for Welfare Recipients in Minneapolis? (FAQ)
• Safety Tips for Teen Drivers (Insurance Information Institute)
• What are my Rights when Filing a Claim? (Insurance Information Institute)
• Distracted Driving Statistics (Insurance Information Institute)