Ram 1500 Insurance Cost and Rates for 2023

Is Ram 1500 insurance expensive?

From the Tradesman Quad Cab 4WD model up to the pricier Limited Crew Cab 2WD trim level, we break down insurance quotes to look at how average insurance rates rank when compared to other full-size pickups.

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  • Ram 1500 insurance costs an average of $1,928 per year for full coverage, depending on the trim level.
  • The cheapest Ram 1500 insurance is on the Tradesman Quad Cab 4WD costing an average of $1,712 per year. The most expensive is the Limited Crew Cab 2WD at $2,110 annually.
  • The Ram 1500 pickup is one of the more expensive large trucks to insure for 2023, costing $13 more per year on average as compared to other large trucks. It ranks fifth in the large truck class for insurance affordability.
  • Ram TRX insurance costs around $100 to $120 more per year than the average Ram 1500 model.

How much does Ram 1500 insurance cost?

Ram 1500 insurance cost averages $1,928 per year, or $964 for a 6-month policy, for full coverage. With the average full-size truck costing $1,915 a year to insure, Ram Truck owners could be paying around $13 more each year on average.

Depending on the trim level of the truck being insured, monthly car insurance cost for the Ram 1500 ranges from $143 to $176, with the Tradesman Quad Cab 4WD being cheapest and the Limited Crew Cab 2WD costing the most to insure.

The chart below shows average car insurance rates for a 2023 Ram 1500 using different driver ages and risk profiles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year Ram Truck with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all Ram Truck trim levels.Data last updated on January 23, 2023
Ram Truck Insurance Cost Summary
2023 Ram Truck Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,372$364
Safe Driver Age 20$3,830$319
At-fault Accidents Age 40$2,722$227
Low Deductibles Age 40$2,494$208
Safe Driver Age 30$2,030$169
Safe Driver Age 40$1,928$161
Safe Driver Age 50$1,758$147
Safe Driver Age 60$1,722$144
High Deductibles Age 40$1,636$136
Discount Rate Age 40$1,600$133

What can you glean from the chart above? Well, for starters, high-risk insurance is expensive. If you’re unfortunate enough to have multiple serious driving offenses like reckless driving or a DUI (or two), you’re going to be paying more. A lot more, actually. For a 30-year-old driver, having to buy a high-risk insurance policy more than doubles the cost of Ram pickup insurance.

If you’re looking to save money on car insurance, increasing deductibles from $500 to $1,000 could save around $292 per year when insuring a Ram 1500.

One of the quickest ways to lower your insurance rates is to increase your deductibles, providing you maintain adequate savings to pay the higher deductible in the event of a claim.

It should also be pretty apparent that as driver age increases, insurance rates decrease. It’s just human nature to become more conservative (less aggressive) as we age, and that translates into fewer accidents and claims. The reward is cheaper insurance for your favorite Ram truck!

The discount rate data point in the chart is a scenario where you are essentially the perfect risk for a car insurance company. You’re middle-aged, married, own your home, have multiple vehicles on the same policy, insure your home and auto with the same company, have a clean driving record and no claims and have great credit.

The more discounts you can check off, the lower your insurance rate will be.

What is the cheapest Ram 1500 insurance?

The cheapest Ram 1500 insurance is on the Tradesman Quad Cab 4WD trim level costing $1,712 per year. The next cheapest trim is the Tradesman Crew Cab 4WD at $1,754, and the third cheapest trim level is the Big Horn Quad Cab 4WD at $1,786 per year.

On the opposite end of the cost spectrum, the three most expensive Ram pickup trim levels to insure are the Ram 1500 TRX Level 2 Crew Cab 4WD, the Limited Longhorn Crew Cab 2WD, and the Limited Crew Cab 2WD trim levels at an estimated $2,076,  $2,084, and $2,110 per year, respectively.

As a general rule, the lower the MSRP of a vehicle, the cheaper it will be to insure. This is primarily due to the higher cost that would be incurred by your car insurance company if the vehicle is totaled out from an accident or weather-related event. In the case of the Ram truck lineup, it stands to reason that a lower-cost work truck model like the Tradesman would have cheaper insurance rates than the high-end Laramie, Longhorn, Limited, and TRX models.

The table below details the average Ram car insurance cost for the 2023 model year, plus a monthly budget figure, for each available package and trim.

2023 Ram Truck Insurance Cost by Trim Level
Ram Truck Trim Level Annual Policy Six-Month Policy Per Month
Tradesman Quad Cab 4WD$1,712$856$143
Tradesman Crew Cab 4WD$1,754$877$146
Big Horn Quad Cab 4WD$1,786$893$149
Tradesman Quad Cab 2WD$1,818$909$152
Big Horn Crew Cab 4WD$1,818$909$152
Tradesman HFE Crew Cab 2WD$1,848$924$154
Tradesman Crew Cab 2WD$1,866$933$156
Laramie Crew Cab 4WD$1,886$943$157
Rebel Crew Cab 4WD$1,892$946$158
Big Horn Quad Cab 2WD$1,908$954$159
Limited Longhorn Crew Cab 4WD$1,940$970$162
Big Horn Crew Cab 2WD$1,944$972$162
Limited Crew Cab 4WD$1,966$983$164
Laramie Crew Cab 2WD$2,024$1,012$169
Rebel Crew Cab 2WD$2,030$1,015$169
TRX Crew Cab 4WD$2,040$1,020$170
TRX Level 1 Crew Cab 4WD$2,056$1,028$171
TRX Level 2 Crew Cab 4WD$2,076$1,038$173
Limited Longhorn Crew Cab 2WD$2,084$1,042$174
Limited Crew Cab 2WD$2,110$1,055$176

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2023 Ram Truck, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 5, 2023
Ram Truck Insurance Cost by Trim Level

How does Ram 1500 insurance cost compare?

When compared to other half-ton trucks, the Ram 1500 tends to cost a little more than average, ranking fifth at $1,928 per year. Ram insurance costs $13 more per year when compared to the average insurance rate for the full-size truck segment.

The table below compares Dodge Ram 1500 insurance cost to competition like the Ford F150, Chevy Silverado, and Toyota Tundra.

Ram Truck vs All Large Trucks Insurance Affordability Ranking
Rank Make/Model Insurance Cost Difference
1Nissan Titan$1,746-$182
2Ford F150$1,794-$134
3Toyota Tundra$1,856-$72
4GMC Sierra$1,926-$2
5Ram Truck$1,928--
6Chevrolet Silverado$1,930$2
7GMC Hummer EV Pickup$2,228$300

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on January 23, 2023
Ram Truck vs All Large Trucks Insurance Affordability Ranking

Even though the average insurance cost on a Ram 1500 isn’t the cheapest or most expensive in its class, keep in mind that the actual trim level of your truck is what will really determine the rate you pay.

If you’re insuring a model like the Big Horn Quad Cab 4WD, the average rate is around $1,786 a year. Compare that to the cost to insure a GMC Sierra Denali Ultimate Crew Cab 4WD at around $2,140 a year and the cost of your Ram insurance isn’t so bad after all.

How much does Ram TRX insurance cost?

The TRX models cost anywhere from around $100 to $120 more to insure per year than the average Ram 1500 insurance cost of $1,928.

With 702 horsepower pumped out of the supercharged 6.2L Hemi, it’s going to cost a little more to cover the extra MSRP of the TRX models. Throw in the TRX Carbon-Fiber Package, the Technology Group, Advanced Safety Group, and Bed Utility Group, and you just tacked on another $4,200 to the MSRP.

When putting this much value into a truck, it’s best just to nail down the exact insurance rate for your location by getting some free quotes.

Ram insurance rates by model year

The following table shows average full-coverage Ram 1500 pickup truck insurance rates for the 2013-2023 model years and for various driver ages.

Ram Truck Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2023 Ram Truck$3,830$1,928$1,722
2022 Ram Truck$3,764$1,892$1,696
2021 Ram Truck$3,494$1,756$1,570
2020 Ram Truck$3,430$1,720$1,542
2019 Ram Truck$3,356$1,682$1,510
2018 Ram Truck$3,270$1,638$1,468
2017 Ram Truck$3,186$1,600$1,434
2016 Ram Truck$3,112$1,560$1,402
2015 Ram Truck$2,898$1,456$1,306
2014 Ram Truck$2,656$1,336$1,196
2013 Ram Truck$2,694$1,358$1,218

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates for each driver age group are for a 12-month period and assume a clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Ram 1500 Insurance Cost by Model Year

How much is liability insurance on a Ram pickup?

Older Ram trucks may not require full coverage, and buying a liability-only insurance policy will cut the cost considerably. The table below compares the cost of full-coverage insurance to liability-only insurance on older model Ram trucks.

Ram Truck Insurance Rates for 2003 to 2012 Model Years
Vehicle Model Year Full Coverage Insurance Liability Insurance
2012 Ram Truck$1,320$714
2011 Ram Truck$1,272$710
2010 Ram Truck$1,230$704
2009 Ram Truck$1,182$698
2008 Ram Truck$1,134$686
2007 Ram Truck$1,090$674
2006 Ram Truck$1,074$668
2005 Ram Truck$1,058$664
2004 Ram Truck$1,026$658
2003 Ram Truck$1,004$652

Get Rates in Your AreaWhy is this important?

Table Data Details: Average insurance rates for each Ram Truck model year assume a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premium amounts. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on January 23, 2023
Ram 1500 Insurance Rates for 2003 to 2012 Model Years

References and Additional Resources