2020 Ram 1500 Insurance Cost
The 2020 Ram 1500 averages $1,550/yr in annual insurance premiums. At 6 years old, this full-size truck costs $270 less than the model's overall average of $1,820/yr.
Quote My 2020 1500$1,550/yr
Avg. Annual Insurance
5/5 NHTSA
Safety Rating
High
Theft Risk
Full-size Truck
Body Type
6 years old
Vehicle Age
Insurance Tips for Your 2020 Ram 1500
At 6 years old, the 2020 1500 has depreciated enough that you might consider dropping comprehensive coverage if the car's value is low — but check your loan requirements first.
The 1500 has a high theft risk. Installing an anti-theft device or GPS tracker can qualify you for a 5-15% discount on comprehensive coverage.
With a 5/5 NHTSA safety rating, ask your insurer about safety feature discounts — many carriers offer 5-10% off for vehicles with advanced driver assistance systems.
Bundle your auto and home (or renters) insurance to save 10-25% on both policies.
Compare quotes from at least 3-5 carriers. Rates for the same vehicle can vary by $500+ between companies.
Frequently Asked Questions
How much does 2020 Ram 1500 insurance cost?
A 2020 Ram 1500 costs an average of $1,550/yr to insure. This is $270 less than the model's overall average of $1,820/yr because older vehicles have lower replacement values.
Is the 2020 Ram 1500 safe?
The Ram 1500 carries a 5/5 NHTSA safety rating. While this model year may lack some newer safety technologies, it still offers solid crash protection.
Should I get full coverage on a 2020 Ram 1500?
At 6 years old, evaluate whether comprehensive and collision coverage is worth it. If the car's value is below $5,000, the premiums might exceed the potential payout. Consider liability-only coverage.
Why is 2020 Ram 1500 insurance cheaper than average?
Older vehicles are cheaper to insure because they've depreciated significantly. The lower replacement value means insurers pay out less on total loss claims.
How can I save on my 2020 Ram 1500 insurance?
Compare quotes from multiple carriers (Truvo compares 40+ for free), raise your deductible to $1,000, maintain a clean driving record, bundle policies, and take advantage of discounts for safety features, low mileage, or good student status.
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