The Dodge Ram 1500 has added a 3.0-liter V6 diesel engine option to its 2020 lineup. Known as the 1500 EcoDiesel, it offers 480 pound-feet of torque with a half-ton towing capacity of over 12,000 lbs.
The average cost of insurance for the Dodge Ram 1500 EcoDiesel is expected to be between $200 and $300 a month, or $2,400 to $3,600 a year. This gives it an annual insurance-cost-to-base ratio of nearly 10%, which isn’t out of line for pickup trucks but well over the 4% national average for all vehicles. Filter car insurance companies by your state to get a quote.
Insurance costs for the 1500 EcoDiesel are expected to be in line with other pickup trucks. Some of the factors that go into these rates are:
Body type. The 1500 is a half-ton diesel pickup truck. Pickup trucks’ large size and power are partly why they’re so expensive to insure compared to other vehicles, since they can cause more damage if they get into an accident.
Fuel. With a reported 24-mpg highway driving, the 1500 EcoDiesel gets better gas mileage than its gasoline-powered cousins. This can help save money at the station, but diesel engines require more expensive repairs, increasing insurance rates.
Theft rates. The Dodge Ram is one of the most commonly stolen vehicles in the US, regardless of model. High theft rates on a vehicle have a significant impact on insurance rates, so expect that to factor into 1500 EcoDiesel premiums.
Maintenance. Maintenance costs are generally higher for diesel trucks than gas trucks, which translates into higher insurance costs. According to Pickup Trucks’ website as of November 2019, maintenance cost for the EcoDiesel are lower than those of other diesel trucks.
Coverage. With the $36,000 price tag and the powerful nature of the truck, you might want to consider higher liability limits on your policy, in addition to both comprehensive and collision coverage.
Warranty. The Ram 1500 EcoDiesel is covered under MOPAR’s five-year 100,000-mile powertrain warranty. This includes the cost of repairs to powertrain parts, such as the engine, transmission and drive system. It also includes unlimited roadside assistance, which allows you to skip that coverage on your insurance policy.
Manufacturer offer. Dodge is offering various cashback and low finance offers on the Ram 1500 to help you save on the sticker price.
Does the Ram 1500 EcoDiesel qualify for discounts?
Yes, the Ram 1500 EcoDiesel should qualify for the most common vehicle discounts offered by most insurance companies:
Antilock brakes
Antitheft discount
Passive restraint system
Active restraint system
Seatbelt pretensioners
Airbag discount
Parking sensors
How reliable is the Ram 1500 EcoDiesel?
The Dodge Ram 1500 earns high marks for both safety and reliability.
Safety. The 2020 Dodge Ram 1500 is the first full-size pickup truck to earn the Top Safety Pick+ award from the Insurance Institute of Highway Safety, which gave it a Good rating on all six of its crashworthiness ratings. It also received 4 out of 5 stars for safety from the National Highway Traffic Safety Administration and a 9.1 overall safety score from US News and World Report.
Reliability. J.D. Power gives the Ram 1500 a predicted reliability rating of 4 out of 5 stars, which is above average.
Recalls. Dodge has issued recalls on nearly 300,000 Ram 1500 models in both 2019 and 2020 models due to an issue with the front passenger airbag. It’s reasonable to expect the EcoDiesel 1500 to face similar recalls in the future.
Bottom line
The Dodge Ram 1500 EcoDiesel adds extra power and torque to the Ram lineup, without sacrificing safety and reliability ratings. The expected insurance costs of $300 a month are right in line with new pickup truck rates, making the 1500 EcoDiesel a relatively affordable truck to insure.
Compare different insurance companies to find the best and most affordable option for your new ride.
Frequently asked questions about the Dodge Ram 1500 EcoDiesel
Pickup trucks are bigger and more powerful, meaning they tend to get into more accidents that cause more damage, both in terms of property damage and bodily injury.
The main reason is maintenance and repairs. There are slightly fewer parts in a diesel than in a gasoline engine, but there are also fewer qualified people to work on them. Parts and labor are higher for diesel engines, and so they have higher insurance rates.
Pickup trucks are notorious for lower safety ratings than SUVs or sedans.
Vehicles with high safety and reliability ratings generally mean that insurance companies have to pay less money on claims, both for accidents and repairs. The Ram 1500 EcoDiesel’s high ratings help lower its rate considerably.
Andrew Flueckiger is a licensed insurance agent and Certified Insurance Counselor with experience in insurance and finance. A graduate of Indiana University, Andrew contributes a wealth of knowledge and experience to Finder. When Andrew isn’t writing, reading or practicing insurance, he can be found spending time with his family and playing the guitar.
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