Affordable Insurance for a Dodge Ram 3500 in Honolulu

Unbelievable but true, over 70% of consumers have purchased from the same company for well over three years, and virtually 40% of consumers have never compared car insurance rates at all. With the average premium in Hawaii being $962, drivers could save up to 40% each year by just comparing quotes, but they just don’t understand how easy it is to compare rate quotes.

Truthfully, the best way to find more affordable car insurance rates in Honolulu is to begin comparing prices regularly from companies that insure vehicles in Hawaii. Rate comparisons can be done by following these guidelines.

Step 1: Try to learn about how insurance works and the measures you can take to lower rates. Many things that result in higher rates like multiple speeding tickets and a less-than-favorable credit history can be amended by making minor changes to your lifestyle.

Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive and State Farm, while independent agencies can quote rates from multiple companies.

Step 3: Compare the new rate quotes to your existing policy to see if cheaper Ram 3500 coverage is available. If you can save money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.

Step 4: Provide proper notification to your current company of your decision to cancel your current car insurance policy. Submit payment along with a signed and completed policy application to the newly selected company. As soon as coverage is bound, place your new proof of insurance paperwork in an easily accessible location in your vehicle.

A good piece of advice is that you use the same deductibles and limits on every quote and and to look at every company you can. Doing this provides a fair price comparison and plenty of rates choose from.

Companies offering Dodge Ram 3500 insurance in Hawaii

The companies shown below are our best choices to provide price quotes in Honolulu, HI. If the list has multiple companies, it’s a good idea that you visit two to three different companies to get a more complete price comparison.

Dodge Ram 3500 coverage analysis

The coverage information shown next covers detailed analysis of rate quotes for Dodge Ram 3500 models. Learning as much as possible about how insurance policy rates are calculated can be of help when making informed coverage decisions.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium costs do not factor in vehicle location which can alter price quotes considerably.

Higher deductibles save money

When buying insurance, a common question is how high or low should comp and collision deductibles be. The rates shown below can help illustrate the cost difference when you select higher and lower physical damage coverage deductibles. The first pricing table uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can increase or decrease insurance rates considerably.

Using the premium rates above, we can conclude that using a $250 deductible costs approximately $26 more each month or $312 annually averaged for all Ram 3500 models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 29 months between claim filings, you would more than likely save some money if you choose a higher deductible.

Violations and accidents raise rates

The example below shows how speeding tickets and at-fault accidents can impact Dodge Ram 3500 yearly insurance costs for each different age category. The price estimates are based on a single male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Difference between full coverage and liability only rates

The example below shows the difference between Dodge Ram 3500 insurance prices with full physical damage coverage compared to only buying liability only. The costs are based on no claims, a clean driving record, $100 deductibles, single marital status, and no discounts are applied.

When to switch to liability coverage only

There is no written rule for phasing out full coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let’s assume your Dodge Ram 3500 replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after paying your deductible. If premium cost is more than $300 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some situations where dropping physical damage coverage is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Insurance policy discounts you can’t miss

Some companies don’t list all discounts in an easy-to-find place, so the next list breaks down both the well known and also the more inconspicuous credits available to lower your premiums when you buy Honolulu car insurance online. If you check and find you aren’t receiving every discount you qualify for, you could be paying more than you need to.

• Paperless Signup – Some insurance companies will give a small break for buying your policy on their website.
• Save with More Vehicles Insured – Buying insurance for all your vehicles on one policy could earn a price break for each car.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices can help prevent theft and earn discounts up to 10% off your Honolulu car insurance quote.
• Discount for Life Insurance – Select insurance carriers reward you with a discount if you purchase life insurance from them.
• ABS and Traction Control Discounts – Vehicles with ABS braking systems or traction control can reduce accidents and earn discounts up to 10%.
• Multi-policy Discount – If you insure your home and vehicles with one company you will save as much as 10 to 15 percent.

As a disclaimer on discounts, most credits do not apply to the whole policy. Most only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will help reduce the cost of coverage.

The illustration below shows the difference between Dodge Ram 3500 annual premium costs with and without discounts applied. The premium estimates are based on a male driver, no accidents or driving violations, Hawaii state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, claim-free, multi-car, multi-policy, and marriage discounts applied.

Larger insurance companies and a selection of discounts are outlined below.

• Mercury Insurance offers discounts for good driver, age of vehicle, annual mileage, multi-car, professional/association, multi-policy, and anti-theft.
• Farmers Insurance may include discounts for alternative fuel, early shopping, good student, youthful driver, multi-car, teen driver, and electronic funds transfer.
• Farm Bureau may have discounts that include safe driver, good student, driver training, multi-vehicle, youthful driver, and renewal discount.
• State Farm offers premium reductions for anti-theft, Drive Safe & Save, driver’s education, good driver, defensive driving training, and passive restraint.
• Allstate includes discounts for early signing, utility vehicle, defensive driver, anti-theft, premier plus, multi-policy, and good student.
• GEICO discounts include five-year accident-free, anti-lock brakes, defensive driver, federal employee, air bags, membership and employees, and daytime running lights.

Check with each company or agent which discounts they offer. Some of the earlier mentioned discounts may not apply to policyholders in Honolulu. To find companies that can offer you the previously mentioned discounts in Hawaii, click here to view.

What Affects Dodge Ram 3500 Insurance Rates?

Part of the car insurance buying process is learning the different types of things that play a part in calculating your premiums. If you have a feel for what impacts premium levels, this enables informed choices that can earn you better car insurance rates. Many different elements are used when you get a price on insurance. A few of the factors are predictable such as your driving record, although others are more transparent like where you live or your financial responsibility.

Listed below are some of the most rate-impacting factors utilized by car insurance companies to help set your rates.

• Your address can push rates up or down – Being located in areas with lower population has definite advantages if you are looking for the lowest rates. Drivers in populated areas tend to have more aggressive driving styles and much longer commute distances. Less people living in that area means fewer accidents.
• Discounts for auto and home policies – Many companies allow discounts to buyers who consolidate policies with them in the form of a multi-policy discount. The discount can add up to 10 percent or more. Even if you already get this discount, you may still want to compare other Honolulu Ram 3500 insurance rates to guarantee you are still saving the most.

• Older drivers pay less – Beginning drivers in Hawaii are statistically proven to be inattentive and easily distracted behind the wheel so car insurance rates are higher. Adding a young driver onto a policy can increase premiums substantially. More experienced drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and receive fewer citations.

  The chart below is based on a single driver, full coverage with $250 deductibles, and no discounts or violations.

• What are good liability coverage limits? – Your policy’s liability coverage provides coverage if ever you are found liable for an accident. Liability provides legal defense coverage to attempt to prove you were not liable. It is affordable coverage as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.

When to talk to an insurance agent

A small number of people still like to get professional advice from a licensed agent and that is recommended in a lot of cases The biggest benefit of comparing insurance prices online is you can get better rates and also buy local. Buying insurance from local agents is still important in Honolulu.

After completing this simple form, the quote information is transmitted to agents in your area who want to provide quotes to get your business. There is no reason to contact any agents due to the fact that quote results will go immediately to you. Get lower rates AND an agent nearby. In the event you want to get a price quote from a particular provider, just search and find their rate quote page and fill out the quote form the provide.

If you’re trying to find a good insurance agency, you need to know there are two types of insurance agents and how they function. Insurance agencies in Honolulu are classified as either independent (non-exclusive) or exclusive.

Independent Insurance Agents

Independent agencies often have many company appointments so they can quote policies with an assortment of companies and get the cheapest rates. If they find a cheaper price, they simply move your policy to a different company and you stay with the same agent.

When comparing auto insurance prices, you should always get insurance quotes from several independent insurance agents so that you have a good selection of quotes to compare.

Featured below is a short list of independent agents in Honolulu that can possibly get you free rate quotes.

More Honolulu agents

Exclusive Insurance Agents

Agents that choose to be exclusive normally can only provide a single company’s rates like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot compare rates from other companies so it’s a take it or leave it situation. They are trained well on their products and sales techniques which helps them sell on service rather than price.

Below is a list of exclusive insurance agencies in Honolulu who can help you get price quotes.

More Honolulu agents

Finding the right insurance agent requires more thought than just a cheap price quote. The questions below may impact your decision as well.

• Is vehicle mileage a factor when determining depreciation for repairs?
• How much training do they have in personal risk management?
• Are they able to influence company decisions when a claim is filed?
• What is the financial rating for the quoted company?
• Will you work with the agent or an assistant?
• Where are claims handled?

Car insurance companies ranked

Picking the top insurer can be rather challenging considering how many choices drivers have in Hawaii. The ranking information listed below could help you decide which car insurance providers to look at purchasing coverage from.

Compare but don’t skimp

As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. The aim is to get the best coverage possible for the lowest cost.

Some insurance companies do not offer rate quotes online and most of the time these small, regional companies work with local independent agents. Discount Dodge Ram 3500 insurance can be found online and from local insurance agents, and you need to comparison shop both to have the best selection.

Much more information about auto insurance in Hawaii can be read at these links:

• Rollover Crash FAQ (iihs.org)
• Who Has Cheap Car Insurance Quotes for a Ford Fusion in Honolulu? (FAQ)
• How Much are Auto Insurance Rates for Teenage Females in Honolulu? (FAQ)
• What Car Insurance is Cheapest for Infrequent Drivers in Honolulu? (FAQ)
• Who Has Cheap Car Insurance for Good Students in Honolulu? (FAQ)
• All About Airbag Safety (State Farm)
• Insurance Losses by Make and Model (iihs.org)