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HomeAuto Insurance By Car BrandRam Car Insurance Cost & Quotes in Canada

Ram trucks, formerly known as the Ram Truck Division, was founded in the year 2010. The brand was created in the United States and offers its customers light to mid-weight commercial trucks.

The idea for the new line was to intrigue buyers who were “real truck customers”. This meant people who truly needed a tough, durable truck, as opposed to someone who wanted it for look or style.

Ram trucks have become increasingly popular over the last decade, making their price tag increase as well. For those who want to own one for themselves, it will cost a pretty penny.

Luckily, insuring a Ram isn’t quite as expensive as owning one. Although the trucks are heavy-duty, their parts are not quite as hard to come by when it comes to replacements.

In saying that, owners can expect to pay an average of $1,300-$2,400 per year for a Ram truck. This is a fairly affordable amount; however, every province in Canada differs.

For anyone who is thinking about buying this kind of truck, the following are the average insurance rates across Canada. Saskatchewan, British Columbia, and Manitoba are not included because their governments control insurance.

Car Insurance for Rams in Ontario:

  • 21-year-old living in Ontario with a 2018 Ram: $2,383 annually, or $198/month
  • 30-year-old living in Ontario with a 2018 Ram: $1,543 annually, or $128/month
  • 50-year-old living in Ontario with a 2018 Ram: $907 annually, or $75/month

Average insurance rate of a driver living in the province of Ontario with a 2018 Ram model: $1,611 annually or $134 monthly.

Car Insurance for Rams in Alberta:

  • 21-year-old living in Alberta with a 2018 Ram: $2,446 annually, or $203/month
  • 30-year-old living in Alberta with a 2018 Ram: $1,387 annually, or $115/month
  • 50-year-old living in Alberta with a 2018 Ram: $1,130 annually, or $94/month

Average insurance rate of a driver living in the province of Alberta with a 2018 Ram model: $1,654 annually or $137 monthly.

Car Insurance for Rams in Quebec:

  • 21-year-old living in Quebec with a 2018 Ram: $867 annually, or $72/month
  • 30-year-old living in Quebec with a 2018 Ram: $460 annually, or $38/month
  • 50-year-old living in Quebec with a 2018 Ram: $364 annually, or $30/month

Average insurance rate of a driver living in the province of Quebec with a 2018 Ram model: $563 annually or $46 monthly. 

Car Insurance for Rams in New Brunswick:

  • 21-year-old living in New Brunswick with a 2018 Ram: $2,140 annually, or $178/month
  • 30-year-old living in New Brunswick with a 2018 Ram: $889 annually, or $74/month
  • 50-year-old living in New Brunswick with a 2018 Ram: $771 annually, or $64/month

Average insurance rate of a driver living in the province of New Brunswick with a 2018 Ram model: $1,266 annually or $105 monthly.

Car Insurance for Rams in Prince Edward Island:

  • 21-year-old living in P.E.I with a 2018 Ram: $1,300 annually, or $108/month
  • 30-year-old living in P.E.I with a 2018 Ram: $975 annually, or $81/month
  • 50-year-old living in P.E.I with a 2018 Ram: $903 annually, or $75/month

Average insurance rate of a driver living in the province of P.E.I with a 2018 Ram model: $1,059 annually or $88 monthly.

Car Insurance for Rams in Nova Scotia:

  • 21-year-old living in Nova Scotia with a 2018 Ram: $3,160 annually, or $263/month
  • 30-year-old living in Nova Scotia with a 2018 Ram: $889 annually, or $74/month
  • 50-year-old living in Nova Scotia with a 2018 Ram: $771 annually, or $64/month

Average insurance rate of a driver living in the province of Nova Scotia with a 2018 Ram model: $1,606 annually or $133 monthly.

Factors that Affect Ram Insurance Rates

 

 

  • Safety Features

Safety features have a lot to do with how high a car’s insurance rates are. When it comes to the Ram 1500, the Insurance Institute for Highway Safety is able to expose some information.

The 2018 Ram 1500 crew cab pickup was given a rating of “good” for the moderate overlap front, with good ratings for its structure and safety cage. It also received all high ratings for protection of the head, neck, chest, legs, and feet.

The “side” also received high ratings, with “good” ratings for all driver injury measures and passenger injury measures. Head restraints and seats were also rated well.

Those factors that only received “marginal” ratings include the small overlap front, roof strength, headlights, and child seat anchors.

  • Theft

The National Insurance Crime Bureau (NICB) maintains a list that highlights the most commonly stolen cars. This helps insurance companies with rates because cars with a greater chance of being stolen will cost more to insure.

The 2004 Dodge Ram happens to be on the list, without much surprise. Trucks are a very common car, and their parts are ideal for taking apart and re-selling. Additionally, trucks are harder to spot in public, since there are so many. This often makes the Ram more expensive to insure.

  • Price

It’s no surprise that the more expensive a car’s price tag, the more it’s going to cost to insure. That’s because the insurance company will consider how much they may have to pay to replace an entire car.

For Ram’s, insurance rates can be higher depending on the model. A Ram 1500 has a starting price of approximately $22,000, while a Ram 3500 starts around $38,000.

With those numbers in mind, it’s fair to assume that insurance rates may be higher.

Conclusion

The new Ram name was created in order to separate itself from the more stylish persona of other Dodge vehicles. With that in mind, these trucks are more often used for heavy lifting and work, as opposed to being for leisure or travel.

However, the Ram trucks are well-built, and they’re also very popular. Insurance rates are fairly expensive for Rams in Nova Scotia, but other prices are fairly in-line with average insurance rates.

To lower insurance rates, Ram owners are encouraged to install extra safety features, as well as alarm systems to deter theft.

About the Author: Valerie D. Hahn

Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.

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