Save Money on Dodge Ram 3500 Insurance in Virginia Beach

If saving money is your primary concern, then the best way to get more affordable Dodge Ram 3500 insurance in Virginia Beach is to start comparing prices yearly from insurance carriers that insure vehicles in Virginia.

Step 1: It will benefit you to learn about what coverages are included in your policy and the steps you can take to drop your rates. Many factors that cause high rates such as multiple speeding tickets and a bad credit rating can be controlled by making small lifestyle or driving habit changes. Keep reading for information to keep prices down and get bigger discounts.

Step 2: Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from one company like Progressive and State Farm, while independent agencies can quote rates for a wide range of companies. View a list of agents

Step 3: Compare the price quotes to your existing policy to determine if switching companies saves money. If you find a lower rate quote, ensure there is no coverage lapse between policies.

Step 4: Notify your agent or company of your intention to cancel your current car insurance policy and submit payment and a signed application to the newly selected company. When you receive it, keep the new proof of insurance certificate along with the vehicle’s registration papers.

A key point to remember is that you use identical deductibles and limits on each price quote and and to get price quotes from as many different insurance providers as possible. Doing this ensures a fair price comparison and a good representation of prices.

Shockingly, over 70% of drivers kept their coverage with the same auto insurance company for well over three years, and 38% of customers have never shopped around. Drivers in Virginia Beach could cut their rates by 45% a year by just comparing quotes, but most just don’t grasp the benefits if they replace their high priced policy.

Our objective in writing this article is to introduce you to how to compare rates easily and some tips to save money. If you already have coverage, you stand a good chance to be able to reduce premiums using the concepts you’re about to learn. But Virginia vehicle owners can benefit from knowing how the larger insurance companies market insurance on the web because it can help you find the best coverage.

Quote Virginia Beach Dodge Ram 3500 insurance online

Just remember that comparing more rates from different companies helps increase your odds of locating the best price. Not every company provides online rate quotes, so you need to compare price quotes from them as well.

The companies in the list below are our best choices to provide free rate quotes in Virginia. If multiple companies are listed, it’s a good idea that you visit several of them in order to find the most competitive rates.

Discount Virginia Beach auto insurance quotes

Some companies do not advertise every possible discount in a way that’s easy to find, so the list below contains a few of the more common and the harder-to-find discounts that may be available.

• Senior Citizen Rates – Mature drivers are able to get lower premium rates.
• Student Discount for Driver Training – Cut your cost by having your teen driver successfully take a driver’s education course in high school.
• Smart Student Discounts – Maintaining excellent grades could provide a savings of up to 20% or more. This discount can apply up until you turn 25.
• Multi-policy Discount – If you can bundle your auto and home insurance and place coverage with the same company you may save up to 20% and get you the cheapest Dodge Ram 3500 insurance in Virginia Beach.
• No Charge for an Accident – Not necessarily a discount, but companies like Liberty Mutual and GEICO will allow you to have one accident without raising rates if you have no claims for a set time period.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices help deter theft and earn discounts up to 10% off your Virginia Beach car insurance quote.

Discounts lower rates, but most of the big mark downs will not be given to your bottom line cost. Most only cut specific coverage prices like medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, you aren’t that lucky.

The diagram below shows the difference between Dodge Ram 3500 car insurance rates with and without discounts applied. The data is based on a male driver, no violations or claims, Virginia 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 claim-free, marriage, safe-driver, homeowner, multi-policy, and multi-car discounts applied.

Some of the larger companies that may have most of these discounts possibly include:

• American Family
• State Farm
• 21st Century
• Travelers
• GEICO

When getting a coverage quote, ask each company or agent the best way to save money. All car insurance discounts might not be available to policyholders everywhere. If you would like to choose from a list of insurance companies with the best Dodge Ram 3500 insurance discounts in Virginia Beach, click this link.

Insurance statistics for a Dodge Ram 3500

The price information displayed below outlines detailed analysis of insurance premium costs for Dodge Ram 3500 models. Having insight into how insurance prices are established can aid in making smart choices when comparing insurance rates.

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in Virginia Beach location which can decrease or increase coverage rates noticeably.

Policy deductibles

One frequently asked question is how high should the physical damage coverage deductibles be. The rates shown below summarize the rate differences when you buy lower versus higher deductibles. The first rate quote example uses a $100 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Prices do not factor in the specific area where the vehicle is garaged which can revise premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $100 deductible will cost you approximately $24 more each month or $288 every year averaged for all Ram 3500 models than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 17 months between claim filings, you would come out ahead if you decide on a higher deductible.

The diagram below highlights how deductible selection and can increase or decrease Dodge Ram 3500 insurance costs for different ages of insureds. The premiums assume a single female driver, comp and collision included, and no discounts are taken into consideration.

Irresponsible driving raises your rates

The diagram below demonstrates how traffic citations and fender-benders can impact Dodge Ram 3500 insurance costs for each age group. The data assumes a single female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

Rate comparison of full coverage and liability-only

The diagram below illustrates the comparison of Dodge Ram 3500 premium costs with liability coverage only compared to full coverage. The premiums are based on no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied.

Should you pay for full coverage or liability only?

There is no clear-cut rule of when to stop paying for full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Dodge Ram 3500 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after you pay the deductible. If premiums are more than $700 a year for full coverage, then it might be time to buy liability only.

There are some conditions where eliminating full coverage is not in your best interest. If you haven’t satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage.

Seven Things That Influence Your Insurance Rates

Many factors are used in the calculation when you quote your car insurance policy. Some are obvious like an MVR report, but other factors are more transparent such as your marital status or your vehicle rating. The best way to find cheaper insurance is to take a look at some of the things that help calculate the level of your policy premiums. If you understand what influences your rates, this enables you to make decisions that may reward you with better insurance rates.

Listed below are some of the items that factor into your rates.

• Fast cars cost more to insure – The performance level of the vehicle you are trying to find cheaper insurance for makes a substantial difference in your rates. The lowest rates tend to be for lower cost passenger cars, but the final cost of insurance is determined by many other factors.

  The following chart uses these assumptions: single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. The data compares Dodge Ram 3500 insurance premiums compared to other models that have a range of performances.

• Cheaper rates after marriage – Having a significant other can actually save you money on your insurance bill. It means you’re more responsible and it’s statistically proven that married couples file fewer claims.

• Guys pay more for insurance coverage – Statistics show that females tend to be a little less risky than males. The data does not necessarily mean that women are BETTER drivers than men. Women and men have auto accidents at about the same rate, but males get into accidents with more damage. Men also statistically get more serious tickets like driving under the influence (DUI). Males from age 16 to 21 tend to get in the most accidents and therefore are the most expensive to insure.

  The chart below compares Dodge Ram 3500 insurance rates for male and female drivers. The data assumes a clean driving record, no claims, full coverage, $250 deductibles, marital status is single, and no other discounts are factored in.

• Maintain insurance coverage – Not having insurance is not a good idea and you may have a hard time finding new coverage because you let your insurance lapse. In addition to paying higher premiums, being ticketed for driving with no insurance will get you fines or a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with the Virginia motor vehicle department.
• Claim-free discounts can add up – Companies in Virginia award the lowest premiums to policyholders who do not rely on their insurance for small claims. If you file claims often, you can pretty much guarantee increased rates or even have your policy non-renewed. Your car insurance is intended to be relied upon for major claims that would cause financial hardship.
• Qualify for multi-policy discounts – Many insurance companies will give better rates to people who have multiple policies with them in the form of a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even if you’re getting this discount it’s in your best interest to get quotes from other companies to guarantee you are still saving the most.

• Your age impacts your premiums – Youthful drivers in Virginia have a tendency to get distracted easily when driving so insurance rates are higher. Having to add a teen driver to your insurance policy can really hurt. More mature drivers are more cautious drivers, tend to cause fewer accidents, and get fewer tickets.

  The data below uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.