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Let’s say you’re ready and excited about the prospect of buying a new Ram 1500. However, before you start picking out your amenities, comparing trims, and making room in your garage, you’ll need to consider insurance. Up there with paying taxes, insurance coverage isn’t something you can go without and is a must-have. It’s a cost of ownership aspect of being a truck owner you’ll need to consider.

Before you go truck shopping, prepare to go insurance shopping. Expect to see monthly premium estimates across the board. Every insurance company will review your situation and provide a quote based on a few critical criteria. If you’re not confident in your credit history or your credit score, be prepared to pay even more to insure your Ram 1500.

Your insurance rates are uniquely based on you

Getting an insurance quote for your new or new-to-you Ram 1500 means submitting a host of details about yourself. For starters, today’s insurance providers will look at your age, region, and driving record. Younger drivers typically represent higher risks, resulting in higher premiums. Additionally, big-city life might be more expensive than rural life driving through the lens of auto insurance coverage.

It’s also common knowledge that your insurance rates will increase if you’ve had a recent accident on your driving record. However, you might not realize your credit history also plays a massive role in what you pay for auto insurance. Because your credit report will highlight delinquent accounts, late payments, and revolving credit, your insurance company will rely on it to gauge your reliability as an insured client. If your credit is in the tank, be prepared for ridiculously high insurance premiums.

Costs for insuring a Ram 1500 if you have bad credit

Ram 1500 full-size pickup truck models on the Mak Haik dealership lot in Houston, Texas
Ram 1500 models on a dealership lot | Brandon Bell/Getty Images

Yes, every person’s situation will be unique. However, CarEdge points out some of the average insurance rates. Based on insuring a Ram 1500, someone in their 40s with strong credit can expect to pay a national average of $2,011 annually. That same 40-year-old with a recent accident will pay roughly $2,952 to insure a Ram 1500.

You may want to sit down for the estimates for a younger 18-year-old who wants to insure a Ram 1500 but has poor credit. CarEdge estimates it would cost you $10,903 every year in this scenario.

Here are other estimates, based on insuring a Ram 1500 with bad credit, sorted by age:

  • 25-year-olds: $4,922 annually
  • 30-year-olds: $3,834 annually
  • 40-year-olds: $3,454 annually
  • 50-year-olds: $3,082 annually

Latest on the 2023 Ram 1500

Related 3 Best Used Ram 1500 Model Years Under $25,000 in 2023

3 Best Used Ram 1500 Model Years Under $25,000 in 2023

Once you’re prepared for insurance and other costs of ownership expenses associated with your new Ram 1500, you can return to truck shopping. For new models, the 2023 Ram 1500 is a dreamy option to consider.

Edmunds calls it “uncommonly smooth” and hails the Ram 1500’s distinctive rear suspension design. You can choose between a V6 or V8 engine, depending on how you plan to use your Ram 1500, neither of which will disappoint. There’s also a turbo diesel 3.0-liter V6 and a supercharged 6.2-liter V8 option if you need more muscle.

New for 2023, the Ram 1500 gets a luxury-themed trim level called the Limited Elite Edition. Additionally, there are seven trims from which to choose, including the Tradesman (and Tradesman HFE,) the Big Horn (called the Lone Star in Texas,) the Rebel, the Laramie, the Longhorn, the Limited, and the beefy TRX.

Before test-driving your new truck, don’t forget to do a little insurance shopping. If credit isn’t your strong suit, just prepare to adjust your monthly budgets.