The 2024 Ram 1500 costs an average of $1,800 per year ($150/month) to insure for full coverage — $204 below the national average.
How Much Does It Cost to Insure a Ram 1500?
The average cost to insure a 2024 Ram 1500 is $1,800 per year ($150/month) for full coverage — $204 below the national average of $2,004. This vehicle's insurance cost is driven by strong safety ratings, low theft rates for newer models, and competitive parts costs.
| Insurer | Full Coverage/Yr | Liability Only/Yr | Best For |
|---|---|---|---|
| Geico | $1,512 | $576 | Clean record drivers |
| State Farm | $1,746 | $666 | Local agent experience |
| Progressive | $1,944 | $738 | High-risk drivers |
| Allstate | $2,142 | $810 | New car replacement |
| Nationwide | $1,638 | $630 | Safe driver rewards |
| USAA | $1,314 | $504 | Military only |
What Factors Determine Ram 1500 Insurance Rates
- Model year: Newer Ram 1500 models cost more to insure due to higher vehicle values and more expensive technology components.
- Trim level: Higher trim levels with more features cost more since repairs are more expensive.
- Your location: Ram 1500 insurance rates can vary by 50–100% between states.
- Your driving record: Your personal driving history affects your rate far more than the vehicle itself.
- Deductible choice: A $1,000 deductible instead of $500 reduces your Ram 1500 premium by approximately 15–20 percent.
Cheapest Way to Insure a Ram 1500
- Compare at least 5 insurers — rates for the Ram 1500 vary significantly between companies.
- Bundle your Ram 1500 insurance with home or renters insurance for 10–25% multi-policy savings.
- Choose a higher deductible to save 15–20 percent on collision and comprehensive.
- Enroll in a telematics program if you are a safe driver for 10–30% additional savings.
- Ask about anti-theft and safety feature discounts that apply to the Ram 1500.
Pro Tip
Get insurance quotes for the Ram 1500 before purchasing. The difference in insurance cost between trim levels and model years can be $400–$800 per year — a significant factor in total 5-year ownership cost.