What Insurance is Cheapest for a Dodge Ram in Albuquerque?

Finding the cheapest auto insurance for a Dodge Ram doesn’t take a ton of time, but it hinges on lots of different factors such as how old the Ram is, your profession, and citations or violations on your driving record. Drivers in New Mexico will pay around $807 each year for Ram insurance, but that price is an estimation based upon a 50-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.

But there is a high likelihood that you’re not a 50-year-old female, you might be single instead of married, or maybe your Ram is old enough that it doesn’t require full coverage. Everyone has unique insurance needs, and this illustrates why the only real way to find cheap auto insurance rates for your Dodge is to just compare rates yourself.

View Dodge Ram Insurance Rates

Your Dodge’s trim level will likely have an effect on the cost of insurance, so the cost to insure a Ram Quad Cab ST 2WD will be $148 less expensive the price to insure the more expensive Ram Quad Cab Laramie 4WD trim level, as shown below.

Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in specific Albuquerque garaging location which can affect rates significantly.

Determining which insurers offer the cheapest insurance rates for a Dodge Ram may require a little more sweat in order to find the most economical policy. Each auto insurer used slightly different criteria for establishing rates, so let’s rank the overall cheapest insurance companies in Albuquerque.

Best Auto Insurance Prices for Your Ram Truck

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USAA may have some of the best car insurance rates in Albuquerque at around $657 a year. Allied, Safeco, Farm Bureau Mutual, and Farmers would also be considered some of the most economical Albuquerque, NM car insurance companies.

As illustrated above, if you are insured with Allied and switched to USAA, you may realize yearly savings of around $291. Policyholders with Safeco might save as much as $317 a year, and Farm Bureau Mutual customers might see rate reductions of $545 a year.

To find the cheapest coverage for you, click here to start your custom quote or visit any of the low-priced companies below.

Bear in mind that those estimates are averages across all types of insureds and vehicles and and are not calculated with a specific vehicle garaging location for a Dodge Ram. So the auto insurance company that can offer the best rates for your situation may not even be in the top 17 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own driver information and specific vehicle type.

The example below highlights how deductible choice can increase or decrease insurance rates when searching for cheap insurance for a Dodge Ram. The data assumes a single male driver, full coverage, and no additional discounts are factored in.

In the chart above, a 40-year-old driver could pocket $328 a year by increasing from a $100 deductible up to a $500 deductible, or save $494 by using a $1,000 deductible. Even younger insureds, like the 20-year-old category, can save as much as $1,070 every year by choosing larger deductibles on their policy. If you do make the decision to raise your deductibles, it will be important to have additional funds in a savings account to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Why you are probably overpaying for Ram insurance

Albuquerque, NM insurance rates are impacted by many factors which can significantly increase or decrease your annual premium. Simply turning a year older, buying a home instead of renting, or getting a ticket for running a stop sign may generate price changes that can now make some companies more affordable than others.

Also, auto insurance companies change their prices as needed in order to offset underwriting gains or losses. An unexpected high level of claims may cause rate increases, while a better claims history can produce lower-cost Ram insurance rates.

For example, the bar chart below shows the company with the cheapest car insurance in Albuquerque, NM for a 35-year-old male driver with a good driving record, no prior claims, and solid credit. If we look at prices based on his current situation, USAA offers the cheapest car insurance rates in Albuquerque at $876 per year. This is $692 less than the average premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers are also on the list of the top five cheapest Albuquerque, NM auto insurance companies.

The example below compares rates after we give the driver from the first set of rates a claim surcharge, a little lower credit rating, and a speeding citation. Because each insurer has their own process to determining premium rates, getting updated rate quotes most likely will result in a new list of the cheapest car insurance companies in Albuquerque as shown below.

USAA now has the cheapest auto insurance in Albuquerque, NM with Allied, State Farm, Central Mutual, and Safeco also having competitive pricing. This demonstrates why it is so important to do a thorough rate comparison to get the lowest insurance quotes for a Dodge Ram. Auto insurance prices consist of many different factors and can change without notice, so the most economical company the last time you shopped around may now be quite expensive.