Dodge Ram 1500 vs. Chevrolet Silverado Auto Insurance (2024)
The average rates for auto insurance in the US are $124/mo on a Chevy Silverado and $136/mo on the Dodge Ram 1500. Safety features can reduce your bill by 8%.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Apr 12, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The Dodge Ram 1500 and the Chevy Silverado are both popular pickups that are driven in United States
- The Dodge Ram 1500 has been a mainstay in the truck world and offers a lot of truck for your dollar and a wide array of choices
- The base model Silverado starts at $22,595 and the fully loaded 4WD Crew Cab Short Box Silverado LTZ starts at $42,440
Those drivers who own trucks love the versatility and toughness of their rides, and most have a fierce loyalty to one brand or another. The Dodge Ram 1500 and the Chevy Silverado are both popular pickups that are driven in every corner of the United States.
Comparing the auto insurance of two different trucks requires looking at many different factors. Even with a look at all the differences and similarities between the two trucks, there is still only one way to know exactly how much insurance for either vehicle will cost you.
Car insurance quotes for any truck, car or SUV can be found right here by entering your zip code in the FREE box above!
Model Overviews
The Dodge Ram 1500 has been a mainstay in the truck world for many years now, offering a lot of truck for your dollar and a wide array of choices.
Currently, there are 10 different trim levels for the Ram 1500, from the basic Ram ST to the fully loaded Ram Limited, according to Dodge’s truck website.
The base model starts at $22,120 with a single cab. Base models are rear-wheel drive, while higher models are 4-wheel drive.
An array of cab and truck bed options make for a dizzying number of combinations. With a full package, the top of the line Ram 1500 can easily exceed $50,000.
All models have a 4.7-liter V8 engine, but only the higher models have the coveted HEMI engine that is 5.7 liters. All models average around 13 mpg in the city and 19 mpg on the highway.
Chevy is one of the most beloved manufacturers of American vehicles, and the Silverado is no exception.
There are five different body styles and many different trim levels available for each body style, with a choice between rear-wheel drive and 4-wheel drive for a bit more cost-wise.
The base model Silverado starts at $22,595 and the fully loaded 4WD Crew Cab Short Box Silverado LTZ starts at $42,440. There is even a hybrid model available.
Standard Silverado trucks come with a V6 engine that offers 195 horsepower. The base model gets 15 mpg in the city, and 20 mpg on the highway.
Higher models have a larger V8 engine that puts out 305 horsepower. All that power uses a lot more gas, so the V8 models get 13 mpg during city driving and 18 mpg on the highway.
Read More: Chevrolet Auto Insurance
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Coverage Both Should Have
Trucks are treated a little rougher than the family car since many owners use them as working vehicles. Trucks can haul, tow and off-road until the cows come home. Many drivers also use them for towing a boat, horse trailer or RV.
Because trucks are so versatile, nothing short of full coverage is recommendable for any newer model pickup. You should choose liability limits well over your state’s minimums, as trucks can do a lot of costly damage to other smaller vehicles in an accident.
If you are at fault in an accident, your truck will likely have some damage; but you can easily wreck a smaller car. You and your insurance are liable for this cost if you were the cause of the accident.
Similarly, you will also want collision and comprehensive coverage. Collision coverage will make sure that your Ram or Silverado will be in tip-top shape no matter who was at fault.
Comprehensive will cover you if you have a mishap while towing or hauling. Whether a requirement of your state or an option, personal injury protection and uninsured/underinsured motorist coverage are both coverage types you should consider.
Unless you belong to an auto club, you should also opt for towing. Rental vehicle reimbursement is a must if you need your truck for work.
Another insurance consideration for your new Silverado or Ram is general asset protection (GAP) insurance, which pays the difference between what you paid for the vehicle and the fair market value of the vehicle.
Safety Ratings
Safety is paramount when it comes to insurance rates, which is especially true of pickup trucks. Trucks are considered less safe than sedans since a higher center of gravity that makes them more likely to rollover.
Trucks generally have higher insurance costs than sedans and minivans.
Neither the Ram nor the Silverado was one of the Insurance Institute for Highways Safety’s Top Safety Picks for 2012. In order to earn a Top Safety Pick, a vehicle must earn a good rating in all four crash tests conducted by the Institute. The test results are rated as good, acceptable, marginal, or poor.
In order to earn a Top Safety Pick, a vehicle must earn a good rating in all four crash tests conducted by the Institute. The test results are rated as good, acceptable, marginal or poor.
The Ram Crew Cab earned a rating of good for both front crash testing and rear crash protection from the headrests, but only a marginal rating for side-impact testing and roof strength testing.
Both indicated some degree of driver or passenger injury as a result of the tests.
The Chevy Silverado Crew Cab had similar ratings. It received a good rating for frontal testing and acceptable ratings for rear crash protection from the headrests and side-impact testing.
However, the Silverado received a marginal rating for roof strength testing. The IIHS claims this test indicates the strength and integrity of the truck’s roof during a rollover.
Due to marginal ratings from crash testing, the insurance costs for both models will likely be higher than for other pickup trucks in the same class.
For instance, both the Ram and the Silverado’s roofs caved in much easier than other vehicles; each required about 9,000 fewer pounds of force to cave in than was required to cave in the roof of the Top Safety Pick winner.
Insurance providers will view the low ratings as a higher risk for injury in an accident, which will lead to more expensive claims. Thus, insurance companies will likely charge higher auto insurance rates for both the Silverado and the Ram 1500.
Theft Rate Comparison
While automobile theft rates have been declining year after year, you will likely experience some higher insurance rates if your vehicle is at the top of any most stolen vehicle list.
Every year the National Insurance Crime Bureau (NICB) releases its Hot Wheels list, tracking the most stolen vehicles in the country. These statistics are based purely on overall theft numbers, so vehicles that are more common are more likely to be on the list.
The NICB’s most stolen lists seem to be littered with the inventory of a used car lot. Older vehicles are easier to steal and easier to get the parts to aftermarket dealers.
While it doesn’t specify a model, the 2004 Dodge full-size pickup (i.e. the Ram) is #8 on the list, which doesn’t bode well for the insurance rates for this vehicle.
Another most stolen list is also released by the Highway Loss Data Institute.These theft rates are based on the theft rate per every 1,000 vehicles of that model sold in the U.S., revealing which newer models are a target for theft.
The Silverado crew cab has the third highest claim rates for theft. The Silverado has been reported stolen at a rate of 9.2 vehicles for every 1,000 models sold. This will also increase the insurance rates for all Silverado trucks.
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Other Factors That Affect Your Rates
While safety and theft rates are important, they are not the only factors that go into calculating a car insurance premium. There is an array of factors that are used, and some are within a driver’s control and others are not.
For instance, the biggest factor is probably a driver’s history. A driver with a clean record will likely find cheaper sports car insurance than a driver with many crashes and tickets can find with a high safety-rated minivan.
Driving history can’t be overcome by vehicle safety or theft rates, for either good or bad, however, such factors still come into play.
A driver’s credit is another factor that many insurers use to varying degrees. The use of credit to calculate rates is banned or limited in some states, but a good credit history is essential beyond just affecting auto insurance rates.
Other factors such as your gender and where you live are other factors used that are just out of your control. If you live in an urban area, expect those high theft rates to affect your insurance rates more than if you lived in a rural area.
Estimated Insurance Costs
Every driver will have different car insurance costs based on factors such as driving history, the region of the country that is called home and how much coverage is purchased.
For 100/300 liability insurance, uninsured/underinsured motorist coverage and collision and comprehensive with a $500 deductible, the national average insurance premium for the Chevy Silverado ranges from $1,125 to $1,416, depending upon the trim level.
For the same coverage, insurance premiums for the Dodge Ram range from $1,354 to $1,394, again depending upon the trim level, according to MSN Money.
The only sure way to know how much any insurance company will charge you for insurance on any make and model vehicle is to get a quote for coverage.
Quotes require nothing more than a small amount of time and effort to get; then you will know your exact car insurance rates for any vehicle.
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Frequently Asked Questions
Will the choice between a Dodge Ram 1500 and a Chevrolet Silverado affect my auto insurance rates?
Yes, the choice of vehicle can affect your auto insurance rates. Insurance companies consider various factors when determining premiums, including the make, model, and safety features of the vehicle. Generally, trucks like the Dodge Ram 1500 and Chevrolet Silverado tend to have higher insurance rates compared to smaller vehicles due to their size, power, and potential for greater damage in accidents.
Are there any specific features or factors that impact the insurance rates for Dodge Ram 1500 and Chevrolet Silverado differently?
Both the Dodge Ram 1500 and Chevrolet Silverado offer a range of features and options that can impact insurance rates. Some factors that may affect rates differently between the two models include the vehicle’s engine size, horsepower, safety features, theft rates, repair costs, and historical claims data. It is advisable to consult with insurance providers to get accurate quotes based on the specific features and trim levels of the vehicles.
Which truck, the Dodge Ram 1500 or Chevrolet Silverado, generally has lower insurance rates?
Insurance rates can vary depending on multiple factors, including location, driving history, and the insurance company’s underwriting policies. It is challenging to definitively state which truck would have lower insurance rates as it ultimately depends on these individual factors. However, comparing quotes from different insurers for both models can help you determine which one may offer more affordable insurance options for you.
What are the pros of insuring a Dodge Ram 1500?
- The Dodge Ram 1500 has a strong safety rating, with various safety features available, such as adaptive cruise control, blind-spot monitoring, and forward collision warning systems. These features can potentially lower insurance premiums.
- The Ram 1500 has a reputation for durability and reliability, which may result in lower repair costs and potentially lower insurance rates.
- The availability of different engine options allows for customization, potentially providing more insurance choices to fit your budget.
What are the cons of insuring a Dodge Ram 1500?
- The size and power of the Ram 1500 can lead to higher insurance rates due to increased potential for damage in accidents.
- The cost of parts and repairs for trucks like the Ram 1500 can be higher than smaller vehicles, potentially impacting insurance premiums.
- Insurance rates for trucks in general tend to be higher compared to other vehicle types due to their increased risk profile.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.