Insurance for your vehicle is required by law in most states, but it can be costly. However, there are ways to lower your rates, but it takes time. The good news is that some vehicles, like the Ram 1500, can help you get lower rates even if you have poor credit.

Your insurance rates are affected by several factors  

Having a good driving record is easier said than done. A simple run-in with someone else can lead to a major increase in your rates. For some insurance carriers, this only applies if you are found at fault. For others, your rates may rise even if you had nothing to do with the wreck. This could take years for your rates to lower.

Other factors which will lead to an increase in rates include your age and where you live. Younger drivers who are beginning to get some experience behind the wheel can expect to pay rates as high as $6,347 for drivers with a good record and $10,903 for drivers with poor credit. This is due annually, making it very daunting for parents of young teens.

After 55, rates will begin to rise once more, although they probably won’t be as high as they once were unless you have an extremely bad driving record, as well as a poor credit rating.

What most people don’t consider until it’s time to go buy a car is that the type of vehicle you drive will also drive up your rates. While Ram doesn’t offer the cheapest rates, there is one model which will cost you less than others, even if you have poor credit.

The Ram model with the cheapest insurance costs

The Ram 5500 has an eye watering price tag of $4,877 for drivers with poor credit, according to Car Edge. This is due annually, which means you’ll be paying $406.42 a month. This is more than some people shell out for car payments.

The Ram 1500 only costs $2,993 per year. This is still a little on the pricey side but it is much better than the 5500. With this price, you can expect to pay around $249.42 per month. A good driver will pay approximately $1,743 per year, and a driver with a recent accident will pay $2,559.

Where you live will also plays a significant role in your rates. The prices tend to vary from $2,500 to $5,000. Yet in Michigan, the rates for owning a Ram 1500 if you have poor credit is $9,678. The cheapest state is Hawaii, which only charges $931.

The Ram 1500 has many great features

If there’s one thing that the Ram 1500 is known for, it’s bringing in tons of awards from major review sites. It’s a frequent recipient of the Motor Trend’s Truck of the Year award, as well as awards from Consumer Guides. But what makes it so amazing?

Simply put, the Ram 1500 can function as a work truck, off-roader, or daily driver. There are very few vehicles that can make this claim. The 2023 Ram 1500 will have an option between a V6 or V8 engine. It’s expected to have excellent fuel ratings and a smooth driving experience. 

While many work trucks aren’t known for their comfortable interiors, the Ram 1500 doesn’t fall into this trap. It’s easy to get in and out of, and the seats are very comfortable. If properly maintained, the Ram 1500 can last over 250,000 miles. If you have poor credit and want a Ram, it’s hard to beat the 1500.