Affordable Aurora Dodge Ram 3500 Insurance

The most effective way to get cheaper car insurance rates is to compare prices once a year from providers who provide auto insurance in Aurora. Prices can be compared by following these steps.

1. Spend a few minutes and learn about how car insurance works and the things you can control to keep rates low. Many things that cause high rates such as traffic violations and a less-than-favorable credit history can be improved by making lifestyle changes or driving safer.
2. Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive and State Farm, while independent agents can quote rates from multiple sources.
3. Compare the price quotes to your current policy premium to see if a cheaper rate is available in Aurora. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
4. Provide notification to your current agent or company of your intention to cancel your current car insurance policy and submit the required down payment along with the signed application for your new policy. As soon as you receive it, place your new certificate of insurance in your vehicle.

One key aspect of rate comparisons is to use similar limits and deductibles on every price quote and and to compare all possible companies. This ensures a level playing field and a better comparison of the market.

Amazingly, a recent NerdWallet.com study showed that a large majority of consumers kept their policy with the same company for at least the last four years, and almost 40% of drivers have never compared rates from other carriers. Aurora consumers could pocket as much as $605 a year, but they don’t want to spend time to compare rate quotes online.

The auto insurance companies shown below offer quotes in Aurora, CO. To find the best cheap auto insurance in Aurora, we recommend you click on several of them to get the best price comparison.

Insurance coverage details

The information displayed below showcases estimates of prices for Dodge Ram 3500 models. Knowing how rates are figured can be of help when making smart choices when purchasing an auto insurance policy.

Data rating is based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in specific garaging location which can modify premium rates considerably.

Raise deductibles and save

One of the hardest decisions when shopping for insurance is how high should the physical damage coverage deductibles be. The rates below illustrate the rate differences between low and high physical damage deductibles. The first data table uses a $250 deductible and the second price chart uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in specific zip code location which can increase or decrease prices noticeably.

Based on the figures above, using a $250 deductible will cost you roughly $18 more each month or $216 every year than selecting the higher $500 deductible. Since you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average more than 14 months between claim filings, you would more than likely save some money going with the higher deductible. Here’s a better example of how you can decide this on your own policy.

One important caveat is that increasing deductibles to lower your rates means you will have to pay more of your own money if you have a claim. You should have a higher level of savings in the event you have to pay the deductible to have repairs made.

The illustration below highlights how deductible selection and can influence Dodge Ram 3500 yearly insurance costs for each different age category. The premium estimates are based on a single female driver, comp and collision included, and no discounts are applied to the premium.

Rate increases following a ticket or accident

The illustration below highlights how speeding tickets and at-fault accidents influence Dodge Ram 3500 premium costs for each age group. The data assumes a single female driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.

Age-based insurance rates by gender

The chart below visualizes the comparison of Dodge Ram 3500 auto insurance costs for male and female drivers. The costs are based on no violations or claims, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Dodge Ram 3500 full coverage rates compared to liability only

The information below shows the comparison of Dodge Ram 3500 auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no policy discounts are applied.

When to stop paying for full coverage

There isn’t a steadfast formula that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your Dodge Ram 3500 book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $2,000 after paying the physical damage deductible. If you are paying in excess of $200 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some circumstances where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not buy liability only.

Three reasons auto insurance is important

Despite the high insurance cost for a Dodge Ram 3500 in Aurora, maintaining insurance is required for several reasons.

First, almost all states have mandatory insurance requirements which means the state requires specific minimum amounts of liability coverage in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if your car has a lienholder, it’s most likely the lender will make it mandatory that you have full coverage to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the lender may insure your Dodge at an extremely high rate and force you to pay for the expensive policy.

Third, insurance protects both your assets and your vehicle. Insurance will also pay for many types of medical costs incurred in an accident. As part of your policy, liability insurance will also pay to defend you if anyone sues you for causing an accident. If your Dodge gets damaged, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of buying enough insurance are without a doubt worth the cost, especially when you need to use it. Unknowingly, the average driver is wasting up to $850 per year so it’s important to compare rates once a year at a minimum to ensure rates are competitive.

Why You Might Pay Lower Rates in Aurora

The best way to find cheaper auto insurance is to take a look at some of the elements that play a part in calculating your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that may result in lower auto insurance prices.

Listed below are some of the items utilized by car insurance companies to help set premiums.

• Liability is important – Liability coverage will protect you when you are responsible for causing damage or personal injury in an accident. Liability provides for a legal defense to attempt to prove you were not liable. Liability is cheap compared to physical damage coverage, so drivers should buy more than the minimum limits required by law.

• With age comes lower premiums – Inexperience drivers are proven to be inattentive behind the wheel and because of this, their auto insurance rates are much higher. Parents adding a first-time driver to your policy can be very expensive. Older people have been proven to be more responsible, file fewer claims, and tend to be get fewer driving tickets.

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

• Safer the car lower the rate – Cars with five star safety ratings are cheaper to insure. These vehicles help reduce the chance of injuries in an accident and lower injury rates means lower claim amounts and lower rates for you. If the Dodge Ram 3500 has ratings of a minimum four stars on Safercar.gov it may be receiving lower rates.
• Discounts for auto and home policies – Most larger insurers afford lower prices to people who buy several policies from them, otherwise known as a multi-policy discount. Even if you’re getting this discount consumers should still compare Dodge Ram 3500 rates in Aurora to make sure you are getting the best deal. You may still be able to save more without the discount by insuring with multiple companies.

What is the best auto insurance company in Aurora?

Finding a high-quality auto insurance provider is hard considering how many different companies there are to choose from in Aurora. The company rank data displayed below can help you pick which car insurance companies to look at purchasing coverage from.

Top 10 Aurora Car Insurance Companies by A.M. Best Rank

1. USAA – A++
2. Travelers – A++
3. State Farm – A++
4. GEICO – A++
5. Esurance – A+
6. Nationwide – A+
7. Allstate – A+
8. Progressive – A+
9. Titan Insurance – A+
10. The Hartford – A+

Top 10 Aurora Car Insurance Companies Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA Insurance – 91%
4. Nationwide – 90%
5. State Farm – 90%
6. The Hartford – 89%
7. GEICO – 89%
8. Allstate – 88%
9. 21st Century – 88%
10. The General – 88%

Persistence is the key to affordable rates

Some insurance companies do not provide the ability to get quotes online and these regional insurance providers work with local independent agencies. Lower-priced insurance in Aurora is possible on the web and from local insurance agents, so you need to compare both to have the best selection.

When buying insurance coverage, it’s not a good idea to reduce coverage to reduce premium. There have been many situations where an insured dropped liability limits or collision coverage to discover at claim time they didn’t purchase enough coverage. Your strategy should be to purchase plenty of coverage at the lowest possible cost while still protecting your assets.

Insureds switch companies for a variety of reasons including lack of trust in their agent, questionable increases in premium, policy cancellation or policy non-renewal. Whatever your reason, choosing a new insurance company can be less work than you think.

Additional insurance information is located at the links below

• Auto Insurance FAQ (Farmers Insurance)
• What Auto Insurance is Cheapest for Handicapped Drivers in Aurora? (FAQ)
• Eight Auto Insurance Myths (Insurance Information Institute)
• Choosing a Car for Your Teen (State Farm)