Spun off from the Dodge brand in 2010, the Ram Trucks brand now produces pickups and utility vans from its Warren and Sterling Heights, Michigan, and Saltillo, Mexico, assembly plants.
With the price of a new Ram Truck able to surpass $90,000, will drivers be able to fit the cost of insurance into their monthly budget?
Let’s take a look at the average cost to insure the different Ram models and see how they compare to the competition.
How much does Ram insurance cost?
At an average cost of $2,213 per year for 2024 models, Ram insurance ranges from $1,830 a year for a Ram Promaster up to $2,422 per year for the Ram Truck 2500.
The U.S. national average car insurance rate is $1,883 per year, so the average cost to insure Ram vehicles costs 16.1% more.
The table below breaks out average annual and monthly auto insurance cost for the different Ram models.
| Model | Annual Premium | Cost Per Month |
|---|---|---|
| Ram Promaster | $1,830 | $153 |
| Ram Promaster City 2022 and prior model years | $1,394 | $116 |
| Ram Tradesman 2015 and prior model years | $1,050 | $88 |
| Ram Truck | $2,196 | $183 |
| Ram Truck 2500 | $2,422 | $202 |
| Ram Truck 3500 | $2,402 | $200 |
How does Ram insurance compare to Ford and Chevy?
When compared to its top two competitors, Ram insurance is 14.3% more expensive per year than Chevy and 11.2% more expensive than Ford.
GMC is also a competitor along with Nissan and its Titan and Titan XD line of trucks and the NV series of vans. Ram insurance costs an average of 11.5% more than GMC and 12% more than Nissan.
The next chart visualizes the comparison between Ram insurance cost and the Chevrolet, GMC, Ford, and Nissan brands.
Keep in mind, however, than when comparing brands, all models are included in the overall average cost. So for Chevy, Ford, GMC and Nissan, their average rates are influenced by smaller, cheaper models like the Chevrolet Trax, Ford EcoSport, GMC Terrain, and Nissan Kicks.
Ram is just pickup trucks and vans, so it makes more sense in this case to compare rates for specific models rather than for a brand as a whole.
The next table includes a full list of automakers and compares the average cost to insure each one to the cost to insure a Ram vehicle.
| Automotive Brand | Insurance Cost | Difference |
|---|---|---|
| Ram | $2,213 | -- |
| Acura | $1,783 | -$430 |
| Audi | $2,449 | $236 |
| BMW | $2,487 | $274 |
| Cadillac | $2,039 | -$174 |
| Chevrolet | $1,917 | -$296 |
| Ford | $1,978 | -$235 |
| Genesis | $2,267 | $54 |
| GMC | $1,973 | -$240 |
| Honda | $1,720 | -$493 |
| Hyundai | $1,861 | -$352 |
| Infiniti | $1,990 | -$223 |
| Jaguar | $2,337 | $124 |
| Jeep | $2,072 | -$141 |
| Kia | $1,829 | -$384 |
| Land Rover | $2,484 | $271 |
| Lexus | $2,106 | -$107 |
| Lincoln | $2,095 | -$118 |
| Mazda | $1,814 | -$399 |
| Mercedes-Benz | $2,743 | $530 |
| Subaru | $1,809 | -$404 |
| Tesla | $2,301 | $88 |
| Toyota | $1,945 | -$268 |
| Volkswagen | $1,771 | -$442 |
| Volvo | $2,122 | -$91 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Insurance cost is averaged for all models for the 2024 model year for each automobile manufacturer. Updated February 22, 2024
As to be expected, Ram insurance costs less than most of the luxury automakers. For mainstream non-luxury brands, however, average Ram insurance costs more.
As mentioned before, though, keep in mind that the other brands have small cars and compact SUVs that have cheap insurance rates. Ram does not, so it’s not really an apples-to-apples comparison.
We recommend visiting the detailed rate analysis page on our site for the model you’re interested in. This will provide you with much more detail such as rates by trim level and rates for older models. In addition, you can also see how that specific model compares to all the competitors in its segment.