Auto Insurance Rates for a Dodge Ram in Anchorage

Insurance for Dodge RamIf you want to find the absolute lowest rates, then the best way to find affordable Dodge Ram insurance in Anchorage is to compare prices regularly from different companies who sell auto insurance in Alaska. Rate comparisons can be done by following these steps.

  1. Read about coverages and the factors you can control to prevent expensive coverage. Many things that result in higher rates such as speeding tickets, careless driving and a bad credit score can be improved by making minor changes in your lifestyle. Read the full article for more information to lower rates and find hidden discounts.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like GEICO and State Farm, while agents who are independent can provide price quotes from many different companies.
  3. Compare the quotes to your existing coverage to determine if switching companies saves money. If you can save some money and decide to switch, make sure there is no coverage gap between policies.
  4. Provide notification to your current agent or company to cancel your current auto insurance policy. Submit the application along with any required down payment for your new policy. As soon as you receive it, keep your new certificate of insurance with your vehicle’s registration.

A good piece of advice is to make sure you’re comparing the same physical damage deductibles and liability limits on each quote and and to analyze every insurance company. This provides an apples-to-apples comparison and a better comparison of the market.

It’s well known that insurance companies want to prevent you from shopping around. People who shop for lower prices will presumably move their business because there are good odds of finding a more affordable policy premium. Surprisingly, a recent survey revealed that consumers who compared rate quotes regularly saved $3,400 over four years compared to policyholders who never shopped for cheaper rates.

If finding the most affordable Dodge Ram insurance in Anchorage is the reason you’re reading this, then having a grasp of how to shop for coverages can make it simple to find affordable coverage.

Get Cheaper Insurance Premiums by Understanding These Factors

Many different elements are taken into consideration when you get a price on insurance. Some are pretty understandable like an MVR report, but some are more transparent such as your marital status or how safe your car is. One of the most helpful ways to save on auto insurance is to to have a grasp of a few of the rating criteria that come into play when calculating the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this allows you to make educated decisions that can help you get lower rates.

Listed below are a few of the “ingredients” used by companies to determine your rate level.

Car insurance data for a Dodge Ram

The premium table displayed below showcases estimates of coverage prices for Dodge Ram models. Learning how insurance rates are figured is important for making informed purchases.

Dodge Ram Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ram Quad Cab ST 2WD $112 $180 $322 $20 $96 $730 $61
Ram Quad Cab TRX4 Off Road 2WD $126 $218 $322 $20 $96 $782 $65
Ram Quad Cab SLT 2WD $126 $218 $322 $20 $96 $782 $65
Ram Crew Cab ST 2WD $126 $218 $322 $20 $96 $782 $65
Ram Quad Cab ST 4WD $126 $218 $322 $20 $96 $782 $65
Ram Crew Cab SLT 2WD $126 $218 $322 $20 $96 $782 $65
Ram Crew Cab TRX 2WD $126 $218 $322 $20 $96 $782 $65
Ram Quad Cab SLT 4WD $126 $218 $322 $20 $96 $782 $65
Ram Crew Cab ST 4WD $126 $218 $322 $20 $96 $782 $65
Ram Crew Cab Sport 2WD $140 $258 $322 $20 $96 $836 $70
Ram Quad Cab Sport 2WD $140 $258 $322 $20 $96 $836 $70
Ram Quad Cab TRX4 Off Road 4WD $140 $258 $322 $20 $96 $836 $70
Ram Crew Cab TRX 4WD $140 $258 $322 $20 $96 $836 $70
Ram Crew Cab SLT 4WD $140 $258 $322 $20 $96 $836 $70
Ram Quad Cab Laramie 2WD $140 $258 $322 $20 $96 $836 $70
Ram Crew Cab Laramie 2WD $140 $258 $322 $20 $96 $836 $70
Ram Crew Cab Sport 4WD $140 $258 $322 $20 $96 $836 $70
Ram Quad Cab Sport 4WD $140 $258 $322 $20 $96 $836 $70
Ram Crew Cab Laramie 4WD $140 $296 $322 $20 $96 $874 $73
Ram Quad Cab Laramie 4WD $140 $296 $322 $20 $96 $874 $73
Get Your Own Custom Quote Go

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Table data does not factor in zip code location which can revise prices substantially.

Accidents and violations increase rates

The chart below illustrates how traffic citations and at-fault fender-benders raise Dodge Ram insurance rates for different age categories. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

Cost comparison with and without full coverage

The diagram below compares Dodge Ram auto insurance rates with full coverage compared to only the Alaska minimum liability coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $100 deductibles, single status, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no definitive guideline of when to eliminate comprehensive and collision coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s say your Dodge Ram settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company will settle for is $4,000 after the policy deductible has been paid. If premiums are more than $400 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some conditions where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

These discounts can lower your auto insurance rates

Not too many consumers would say auto insurance is affordable, but you might find some hidden discounts to cut the cost considerably. Many of these discounts will be applied automatically at the time of purchase, but some discounts are required to be asked about before being credited.Discount auto insurance

Remember that most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. If you do the math and it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous.

The example below visualizes the comparison of Dodge Ram premium costs with and without discounts applied. The rate quotes are based on a female driver, no accidents or driving violations, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, marriage, homeowner, safe-driver, and multi-policy discounts applied.

Auto insurance companies that may include most of the discounts above include:

If you need lower rates, check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts may not apply in Anchorage.

Anchorage car insurance companies ranked

Insuring your vehicle with a high-quality insurance company can be difficult considering how many different insurance companies sell coverage in Anchorage. The company information listed below can help you select which providers to look at comparing prices from.

Top 10 Anchorage Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. GEICO
  6. Liberty Mutual
  7. Allstate
  8. The Hartford
  9. The General
  10. Farmers Insurance

Top 10 Anchorage Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. The General
  5. State Farm
  6. AAA Insurance
  7. Allstate
  8. Esurance
  9. Safeco
  10. 21st Century

Quote. Compare. Save.

You just read a lot of ways to get a better price on Dodge Ram insurance in Anchorage. The key concept to understand is the more companies you get premium rates for, the better chance you’ll have of finding affordable Anchorage auto insurance quotes. Drivers may even discover the lowest priced car insurance comes from some of the smallest insurance companies. Regional companies may only write in your state and offer lower premium rates compared to the large companies like Allstate or State Farm.

When trying to cut insurance costs, it’s not a good idea to skimp on coverage in order to save money. In too many instances, an insured dropped uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy a smart amount of coverage at the best price but still have enough coverage for asset protection.

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