If saving the most money is your goal, then the best way to find the cheapest price for Dodge Dakota insurance in Memphis is to begin comparing prices regularly from insurance carriers in Tennessee. Rate comparisons can be done by following these guidelines.
Step 1: Try to learn about what coverages are included in your policy and the measures you can control to prevent high rates. Many policy risk factors that cause rate increases such as at-fault accidents, speeding tickets, and bad credit can be controlled by making minor driving habit or lifestyle changes. This article gives additional tips to get cheaper rates and find additional discounts you may qualify for.
Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO or Allstate, while agents who are independent can provide price quotes for a wide range of companies.
Step 3: Compare the new rates to your existing rates to see if cheaper Dakota coverage is available. If you find a better price, make sure there is no lapse in coverage.
One piece of advice is to make sure you’re comparing identical deductibles and limits on each quote request and and to get price estimates from as many carriers as you can. This ensures the most accurate price comparison and the best price selection.
Sad but true, over 70% of consumers have bought insurance from the same company for over three years, and nearly 40% of drivers have never quoted rates to find affordable coverage. American consumers could cut their rates by about 46.5% a year by just shopping around, but they don’t know the big savings they would realize if they swap their current policy for a cheaper one.
The quickest way to compare car insurance rates for Dodge Dakota insurance in Memphis is to know the trick all the major auto insurance companies will pay a fee to compare their rates. The only thing you need to do is spend a couple of minutes providing details including the type of vehicles you drive, if you require a SR-22, whether the vehicles are used for commuting, and daily mileage. That information gets sent immediately to many different companies and they return quotes immediately.
To check rates for your Dodge Dakota now, click here and enter your coverage details.
The companies in the list below offer price quotes in Memphis, TN. In order to find cheaper auto insurance in TN, we recommend you visit several of them to find the lowest auto insurance rates.
Analysis of Dodge Dakota rates
The data table shown next highlights estimates of coverage prices for Dodge Dakota models. Having a better understanding of how insurance policy premiums are established is important for you to make smart policy decisions.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Dakota ST Ext Cab 2WD||$154||$348||$436||$26||$130||$1,094||$91|
|Dakota Bighorn Ext Cab 2WD||$154||$348||$436||$26||$130||$1,094||$91|
|Dakota Lonestar Ext Cab 2WD||$178||$348||$436||$26||$130||$1,118||$93|
|Dakota ST Crew Cab 2WD||$178||$348||$436||$26||$130||$1,118||$93|
|Dakota Bighorn Crew Cab 2WD||$178||$410||$436||$26||$130||$1,180||$98|
|Dakota Lonestar Crew Cab 2WD||$178||$410||$436||$26||$130||$1,180||$98|
|Dakota Bighorn Ext Cab 4WD||$200||$348||$350||$20||$104||$1,022||$85|
|Dakota ST Ext Cab 4WD||$200||$348||$350||$20||$104||$1,022||$85|
|Dakota Laramie Crew Cab 2WD||$200||$410||$436||$26||$130||$1,202||$100|
|Dakota ST Crew Cab 4WD||$200||$348||$350||$20||$104||$1,022||$85|
|Dakota Lonestar Ext Cab 4WD||$200||$348||$350||$20||$104||$1,022||$85|
|Dakota Bighorn Crew Cab 4WD||$200||$348||$350||$20||$104||$1,022||$85|
|Dakota TRX Crew Cab 4WD||$200||$410||$350||$20||$104||$1,084||$90|
|Dakota TRX Crew Cab 4WD||$200||$410||$350||$20||$104||$1,084||$90|
|Dakota Lonestar Crew Cab 4WD||$200||$410||$350||$20||$104||$1,084||$90|
|Dakota Laramie Crew Cab 4WD||$224||$410||$350||$20||$104||$1,108||$92|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Prices do not factor in zip code location which can increase or decrease rates considerably.
The diagram below illustrates how choosing a deductible and can increase or decrease Dodge Dakota insurance premiums for different insured age categories. The rates are based on a married female driver, comp and collision included, and no discounts are applied to the premium.
Dodge Dakota insurance rates by age and gender
The example below shows the difference between Dodge Dakota auto insurance rates for male and female drivers. The data assumes no driving violations, no at-fault accidents, full physical damage coverage, $500 deductibles, marital status is single, and no other discounts are factored in.
Full coverage rates vs. liability-only in Memphis
The diagram below shows the difference between Dodge Dakota insurance costs with and without full coverage. The premiums are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no discounts are applied.
Should you pay for full coverage or liability only?
There isn’t a written rule that is best for determining when to drop comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s assume your Dodge Dakota replacement value is $9,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after the deductible is paid. If it’s costing in excess of $800 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some scenarios where only buying liability is not financially feasible. If you still owe a portion of the original 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 in case of an accident, you should keep full coverage in place.
Learn How to Lower Your Insurance Premiums
One of the most helpful ways to save on car insurance is to to have a grasp of some of the elements that help determine your car insurance rates. When you understand what determines premiums, this enables you to make decisions that could help you find lower car insurance prices. Many factors are considered when pricing auto insurance. Some are pretty understandable like an MVR report, but other criteria are not as apparent such as your credit history or your vehicle rating.
Only buy coverage you need – There are quite a few additional coverages that may not really be needed but may not be useful. Insurance for coverage for rental cars, accident forgiveness, and membership fees could be just wasting money. You may think they are a good idea when buying your policy, but if they’re wasting money consider taking them off your policy.
Too many insurance claims will drive premiums up – Car insurance companies in Tennessee award better rates to drivers who file claims infrequently. If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
Insurance rates in urban areas – Residing in small towns and rural areas can save you money when shopping for auto insurance. Fewer drivers and short commutes means reduced accidents and lower theft and vandalism rates. Drivers in populated Tennessee areas tend to have more road rage incidents and a longer drive to work. More time behind the wheel means a statistically higher chance of an accident.
Accidents can increase costs – Just one speeding ticket can increase the cost of insurance substantially. Careful drivers receive lower rates than their less careful counterparts. People who have license-revoking violations like DUI or reckless driving may need to submit a SR-22 form with their state in order to prevent their license from being revoked.
The information below highlights how speeding tickets and at-fault fender-benders impact Dodge Dakota premium costs for each different age group. The rate quotes are based on a married male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
Never allow your car insurance policy to lapse – Allowing your car insurance policy to lapse is a fast way to increase your renewal premiums. Not only will rates go up, the inability to provide proof of insurance might get you fines or a revoked license. You may then be required to prove you have insurance by filing a SR-22 with the Tennessee motor vehicle department.
Protect more than your Dakota
Despite the high cost of buying insurance for a Dodge Dakota in Memphis, insurance serves an important purpose.
- Almost all states have compulsory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to drive the car. In Tennessee 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.
- If you have a loan on your Dodge, most lenders will require that you buy insurance to protect their interest in the vehicle. If you default on your policy, the bank will be required to insure your Dodge for a much higher rate and require you to fork over for the expensive policy.
- Insurance protects not only your vehicle but also your assets. It will also reimburse you for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Dodge as the result of the weather or an accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance greatly outweigh the cost, especially if you ever need it. The average driver in America overpays more than $700 annually so compare rate quotes at every renewal to ensure rates are inline.