It’s easy to assume that auto insurance companies don’t want you to look for cheaper rates. Insureds who shop for lower rates are highly likely to move their business because they stand a good chance of finding a more affordable policy. A recent survey revealed that drivers who regularly compared price quotes saved over $860 a year as compared to drivers who didn’t regularly shop around.
If finding the cheapest rates on Dodge Ram 3500 insurance in Albuquerque is your intention, understanding how to shop and compare insurance premiums can help you succeed in saving money.
Truthfully, the best way to find the cheapest price for auto insurance rates in Albuquerque is to regularly compare prices from different companies in New Mexico.
- Step 1: Read about what coverages are included in your policy and the measures you can take to prevent rate increases. Many policy risk factors that cause high rates like speeding tickets, careless driving and a bad credit score can be improved by making small lifestyle or driving habit changes.
- Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and Allstate, while independent agents can give you price quotes from multiple insurance companies.
- Step 3: Compare the new rate quotes to your existing rates to determine if switching companies saves money. If you find a better price and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Step 4: Notify your agent or company of your decision to cancel your current policy and submit payment along with a signed and completed policy application to the newly selected company. Once coverage is bound, place your new proof of insurance certificate somewhere easily accessible.
A crucial key to this process is to try to compare the same physical damage deductibles and liability limits on each quote and and to get prices from as many carriers as you can. This guarantees an accurate price comparison and a complete price analysis.
If you are already insured, you should be able to get lower rates using the ideas covered in this article. Buying the best-priced coverage in Albuquerque is not that difficult. But New Mexico vehicle owners must learn the way insurance companies price insurance differently.
When comparison shopping, there are several ways of comparing price quotes from companies that offer auto insurance in New Mexico. By far the easiest way to find cheaper Dodge Ram 3500 rates is to jump online and get quotes.
Keep in mind that comparing more quotes increases your odds of finding a lower rate than you’re paying now. Some regional insurers cannot provide Albuquerque Ram 3500 insurance quotes online, so you also need to get price estimates from them as well.
The companies in the list below offer free rate quotes in New Mexico. If you wish to find cheap auto insurance in NM, we suggest you visit as many as you can in order to find the most competitive rates.
Rates and detailed analysis
The coverage information below covers detailed analysis of insurance coverage prices for Dodge Ram 3500 models. Learning how car insurance premiums are calculated can be valuable when making informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram 3500 Crew Cab Laramie 2WD | $228 | $338 | $322 | $20 | $96 | $1,004 | $84 |
| Ram 3500 Crew Cab ST 2WD | $280 | $398 | $322 | $20 | $96 | $1,116 | $93 |
| Ram 3500 Crew Cab ST 4WD | $280 | $458 | $484 | $28 | $144 | $1,394 | $116 |
| Ram 3500 Crew Cab SLT 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Mega Cab SLT 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Mega Cab SLT 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Ram 3500 Crew Cab SLT 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Ram 3500 Crew Cab Laramie 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Ram 3500 Mega Cab Laramie 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Crew Cab Laramie 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Mega Cab Laramie 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in garaging location in Albuquerque which can affect premium rates significantly.
Deductible analysis
One of the hardest decisions when shopping for car insurance is the level to set your comp and collision deductibles. The comparison tables below can help show the rate differences between high and low insurance deductibles. The first price estimate table uses a $100 physical damage deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram 3500 Crew Cab Laramie 2WD | $312 | $500 | $322 | $20 | $96 | $1,275 | $106 |
| Ram 3500 Crew Cab ST 2WD | $384 | $590 | $322 | $20 | $96 | $1,437 | $120 |
| Ram 3500 Crew Cab ST 4WD | $384 | $680 | $484 | $28 | $144 | $1,745 | $145 |
| Ram 3500 Crew Cab SLT 2WD | $384 | $680 | $322 | $20 | $96 | $1,527 | $127 |
| Ram 3500 Mega Cab SLT 2WD | $384 | $680 | $322 | $20 | $96 | $1,527 | $127 |
| Ram 3500 Mega Cab SLT 4WD | $384 | $768 | $484 | $28 | $144 | $1,833 | $153 |
| Ram 3500 Crew Cab SLT 4WD | $384 | $768 | $484 | $28 | $144 | $1,833 | $153 |
| Ram 3500 Crew Cab Laramie 4WD | $384 | $768 | $484 | $28 | $144 | $1,833 | $153 |
| Ram 3500 Mega Cab Laramie 2WD | $384 | $680 | $322 | $20 | $96 | $1,527 | $127 |
| Ram 3500 Crew Cab Laramie 2WD | $384 | $680 | $322 | $20 | $96 | $1,527 | $127 |
| Ram 3500 Mega Cab Laramie 4WD | $384 | $768 | $484 | $28 | $144 | $1,833 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Ram 3500 Crew Cab Laramie 2WD | $228 | $338 | $322 | $20 | $96 | $1,004 | $84 |
| Ram 3500 Crew Cab ST 2WD | $280 | $398 | $322 | $20 | $96 | $1,116 | $93 |
| Ram 3500 Crew Cab ST 4WD | $280 | $458 | $484 | $28 | $144 | $1,394 | $116 |
| Ram 3500 Crew Cab SLT 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Mega Cab SLT 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Mega Cab SLT 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Ram 3500 Crew Cab SLT 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Ram 3500 Crew Cab Laramie 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Ram 3500 Mega Cab Laramie 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Crew Cab Laramie 2WD | $280 | $458 | $322 | $20 | $96 | $1,176 | $98 |
| Ram 3500 Mega Cab Laramie 4WD | $280 | $520 | $484 | $28 | $144 | $1,456 | $121 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Information does not factor in specific location information which can influence premium rates considerably.
We can derive from the above data that using a $100 deductible costs roughly $30 more each month or $360 annually averaged for all Ram 3500 models than choosing the higher $500 deductible. Because you would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 13 months between claims, you would most likely save money by selecting a higher deductible.
Do you need full coverage?
The information below illustrates the comparison of Dodge Ram 3500 insurance prices when comparing full coverage to liability only. The rate quotes are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no set rule for eliminating physical damage coverage, but there is a general guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s assume your Dodge Ram 3500 replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the deductible is paid. If premiums are more than $700 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are a few situations where dropping physical damage coverage is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.
Why insurance is not optional
Despite the fact that insurance is not cheap in Albuquerque, maintaining insurance is most likely required but also gives you several important benefits.
- Just about all states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability insurance coverage if you don’t want to risk a ticket. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your vehicle, almost every bank will require that you carry insurance to guarantee payment of the loan. If coverage lapses or is canceled, the lender may insure your Dodge at a significantly higher premium and make you pay much more than you were paying before.
- Insurance protects both your vehicle and your personal assets. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. As part of your policy, liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If your Dodge gets damaged, your policy will pay to restore your vehicle to like-new condition.
The benefits of buying enough insurance definitely exceed the price paid, especially for larger claims. But the average driver in New Mexico is currently overpaying as much as $850 per year so you should quote rates at every renewal to make sure the price is not too high.
Smart Choices Result in Lower Insurance Premiums
Smart consumers have a good feel for the different types of things that aid in calculating car insurance rates. If you understand what determines premiums, this enables you to make decisions that could help you find lower premium levels.
You might want pay the small insurance claims yourself – Auto insurance companies in New Mexico provide better rates to policyholders who do not rely on their insurance for small claims. If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Insurance coverage is meant to be used in the event of more catastrophic claims.
Your age impacts your rates – More experienced drivers are viewed as being more responsible, file fewer claims, and receive fewer citations. Youthful drivers are known to be easily distracted in a vehicle so car insurance rates are higher.
The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
Extra policy coverages may be wasting money – Insurance policies have a lot of extra add-on coverages you can purchase if you aren’t diligent. Coverages like roadside assistance, towing, and term life insurance are probably not needed. The coverages may be enticing initially, but if you don’t need them consider taking them off your policy.
Job stress can affect rates – Did you know your career choice can influence rates? Careers like judges, airline pilots, and medical professionals have the highest rates because of high stress and long work hours. On the flip side, careers like actors, students and performers generally pay rates lower than average.
Avoid tickets and save – Drivers with clean records pay less for auto insurance compared to drivers with tickets. Only having one chargeable violation can increase rates by twenty percent. Drivers who have received severe violations like reckless driving or DUI may find they need to file a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
The information below illustrates how violations and fender-benders influence Dodge Ram 3500 insurance prices for different age groups. The data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
Getting married equates to better costs – Getting married helps lower the price when shopping for car insurance. Having a significant other may mean you are more mature than a single person and statistics show being married results in fewer claims.
Never let your car insurance policy lapse – Letting your insurance expire is a quick way to increase your renewal premiums. Not only will you pay higher rates, the inability to provide proof of insurance can result in a fine, jail time, or a revoked license.
Premiums are affected by your credit rating – Having a bad credit score factor in determining premium rates. Therefore, if your credit score could use some work, you could be paying less to insure your Dodge Ram 3500 if you clean up your credit. Insureds that have very good credit scores tend to be more responsible and file fewer claims than drivers who have worse credit.
Will just any policy work for me?
Always keep in mind that when comparing the right insurance coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different and your auto insurance should unique, too.
Here are some questions about coverages that can aid in determining if your insurance needs would benefit from an agent’s advice.
- How high should deductibles be on a Dodge Ram 3500?
- What is the minimum liability in New Mexico?
- Should I bundle my homeowners policy with my auto?
- What is the premium to book value ratio for dropping full coverage?
- When would I need additional glass coverage?
- Does coverage extend to Mexico or Canada?
- Am I covered while delivering pizza?
- How long can I keep a teen driver on my policy?
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Car insurance company ratings
Buying coverage from a high-quality car insurance company can be challenging considering how many companies sell coverage in Albuquerque. The company information shown next could help you select which auto insurers you want to consider comparing rates with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
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Data Source: Insure.com Best Car Insurance Companies
One last thing about your coverage
As you quote Albuquerque auto insurance, make sure you don’t skimp on coverage in order to save money. In too many instances, consumers will sacrifice physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at a price you can afford, not the least amount of coverage.
We just covered quite a bit of information on how to get a better price on Dodge Ram 3500 insurance in Albuquerque. The key thing to remember is the more times you quote, the higher the chance of saving money. Drivers may even discover the most savings is with a small mutual company. They can often provide lower car insurance rates in certain areas than their larger competitors like State Farm and Allstate.
Lower-priced insurance in Albuquerque can be purchased on the web and from local insurance agents, so you need to shop Albuquerque auto insurance with both so you have a total pricing picture. Some insurance companies may not have the ability to get quotes online and many times these smaller companies only sell coverage through local independent agents.
More detailed insurance information can be read by following these links:
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for a Toyota Camry in Albuquerque? (FAQ)
- How Much is Auto Insurance for High Mileage Drivers in Albuquerque? (FAQ)
- Who Has Cheap Auto Insurance for a Toyota RAV4 in Albuquerque? (FAQ)
- Who Has Cheap Albuquerque Car Insurance with Multiple Speeding Tickets? (FAQ)
- Who Has Affordable Albuquerque Auto Insurance for a Toyota Corolla? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Police Officers in Albuquerque? (FAQ)
- How Much is Albuquerque Car Insurance for Welfare Recipients? (FAQ)
- Teen Driving and Texting (State Farm)
- Medical Payments Coverage (Liberty Mutual)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- What is a Telematics Device? (Allstate)