What Auto Insurance is Cheapest for a Dodge Ram in Colorado Springs?

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Finding competitive insurance for a Dodge Ram can be pretty simple, but it depends on a large number of factors such as the safety rating for your Ram, your address, and physical damage deductibles. Colorado drivers will pay on average $1,006 a year to insure their Ram, but that amount is an approximation calculated based on a 30-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.

When projecting a rate like this, the problem is that you are not 30 and maybe not even a female, possibly single instead of married, or maybe you have a speeding ticket that needs to be factored in. Just a slight change in rating criteria can result in a massive change in the price of a policy.

Auto insurance is not the same for everyone, so the best method for finding cheap insurance prices for your Dodge is to compare rates from as many companies as possible.

Cheapest Dodge Ram Insurance Rates

The trim level of your Ram impacts the cost of coverage, so the rate you will pay to insure a Ram Quad Cab ST 2WD will be $192 lower than the price to insure the high end Ram Quad Cab Laramie 4WD model, as shown by the rates below.

Dodge Ram Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Ram Quad Cab ST 2WD $162 $232 $404 $24 $122 $944 $79
Ram Quad Cab TRX4 Off Road 2WD $184 $282 $404 $24 $122 $1,016 $85
Ram Quad Cab SLT 2WD $184 $282 $404 $24 $122 $1,016 $85
Ram Crew Cab ST 2WD $184 $282 $404 $24 $122 $1,016 $85
Ram Quad Cab ST 4WD $184 $282 $404 $24 $122 $1,016 $85
Ram Crew Cab SLT 2WD $184 $282 $404 $24 $122 $1,016 $85
Ram Crew Cab TRX 2WD $184 $282 $404 $24 $122 $1,016 $85
Ram Quad Cab SLT 4WD $184 $282 $404 $24 $122 $1,016 $85
Ram Crew Cab ST 4WD $184 $282 $404 $24 $122 $1,016 $85
Ram Crew Cab Sport 2WD $204 $332 $404 $24 $122 $1,086 $91
Ram Quad Cab Sport 2WD $204 $332 $404 $24 $122 $1,086 $91
Ram Quad Cab TRX4 Off Road 4WD $204 $332 $404 $24 $122 $1,086 $91
Ram Crew Cab TRX 4WD $204 $332 $404 $24 $122 $1,086 $91
Ram Crew Cab SLT 4WD $204 $332 $404 $24 $122 $1,086 $91
Ram Quad Cab Laramie 2WD $204 $332 $404 $24 $122 $1,086 $91
Ram Crew Cab Laramie 2WD $204 $332 $404 $24 $122 $1,086 $91
Ram Crew Cab Sport 4WD $204 $332 $404 $24 $122 $1,086 $91
Ram Quad Cab Sport 4WD $204 $332 $404 $24 $122 $1,086 $91
Ram Crew Cab Laramie 4WD $204 $382 $404 $24 $122 $1,136 $95
Ram Quad Cab Laramie 4WD $204 $382 $404 $24 $122 $1,136 $95
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rates do not factor in the specific area where the vehicle is garaged which can raise or lower auto insurance rates noticeably.

Finding out which company quotes the cheapest insurance rates for a Dodge Ram takes a tad more effort than just getting one or two price quotes. Every car insurance company has a unique formula for determining rates in each state, so let's take a look at the insurance companies that tend to have lower prices in Colorado Springs, CO.

It's important that you understand Colorado Springs, CO insurance rates are influenced by many factors that control the price you have to pay. Turning one year older, increasing liability limits, or getting a ticket for careless driving can cause premium changes resulting in some companies being affordable when they were higher priced.

Cheap Insurance Rates for Your Ram Truck

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What's the cheapest car insurance in Colorado?
Rank Company Cost Per Year
1 The Hartford $825
2 Grange $949
3 USAA $1,039
4 Nationwide $1,121
5 GEICO $1,152
6 Travelers $1,171
7 Auto-Owners $1,204
8 State Farm $1,259
9 American Family $1,275
10 Progressive $1,322
11 Amica $1,381
12 California Casualty $1,444
13 Allied $1,483
14 Farmers $1,629
15 Colorado Farm Bureau $1,640
16 MetLife $1,866
17 Allstate $2,015
18 Encompass $2,231
19 Safeco $2,447
20 Titan $2,738
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The Hartford normally has some of the cheapest car insurance rates in Colorado Springs at around $825 each year. This is $753 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also make the cut as some of the most economical Colorado Springs, CO auto insurance companies.

As shown above, if you currently have a policy with GEICO and switched to Grange, you might see a yearly price reduction of approximately $203. Customers with Travelers could save as much as $222 a year, and Auto-Owners insureds might reduce rates by $255 a year.

To find cheaper insurance rates for your vehicle, click here to start a quote or click through to the companies below.

Remember that these prices are averages for all types of insureds and vehicles and and are not figured with a specific vehicle garaging location for a Dodge Ram. So the company that has the cheapest rates for you may not even be in the top 21 companies shown above. That points out the importance of why you need to quote rates from many companies using your own specific driver and vehicle information.

Full coverage rates compared to liability-only

Saving money on insurance is important to the majority of vehicle owners, and an easy way to find cheap insurance for a Dodge Ram is to only pay for liability coverage. The information below illustrates the difference between car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, marital status is single, and no discounts are taken into consideration.

If all age groups are averaged, comprehensive and collision coverage on your policy costs an additional $2,972 per year more than insuring for liability only. Many people question if full coverage is worth the money. There is no clear-cut formula that works best for making the decision to drop full coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let's assume your vehicle's replacement cost is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,000 after the deductible is paid. If you are paying in excess of $600 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are some situations where removing full coverage is not recommended. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.

The example below demonstrates how deductibles can affect insurance costs when searching for cheap insurance for a Dodge Ram. Data assumes a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

A 30-year-old driver could reduce rates by $402 a year by changing from a $100 deductible up to a $500 deductible, or save $608 by choosing a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can save $1,168 or even more just by using higher deductibles.

When choosing a higher deductible, it is essential to have spare funds to allow you to pay the extra out-of-pocket expense associated with higher deductibles.

Responsible drivers pay cheaper insurance rates

The best way to get affordable insurance rates in Colorado Springs for a Ram pickup is to drive safely and have a clean driving record. The illustration below illustrates how traffic citations and at-fault fender-benders can drive up auto insurance rates for each different age category. The prices are based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.

In the prior example, the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,279. Factor in one speeding ticket and the average cost hikes up to $2,569, an increase of $290 each year. Then add one accident along with the one speeding ticket and the yearly cost of insurance for a Dodge Ram goes up to an average of $3,375. That's an increase of $1,096, or $91 per month, just for a couple of infractions!