2002 Dodge Caravan Insurance Rates

Locating the most affordable auto insurance over the internet might seem rather challenging for consumers who are new to comparing rates and buying auto insurance on the web. With literally dozens of companies in the marketplace, how are consumers able to have time to compare the different rates to find the best pricing?

If you are paying for car insurance now, you should be able to cut costs considerably using these techniques. The purpose of this post is to help you learn the most effective way to quote insurance and some tricks to saving. But car owners can benefit from knowing how big insurance companies market insurance on the web and apply this information to your search.

Decisions you make can impact your insurance premiums

One of the most helpful ways to save on insurance coverage is to to have a grasp of the different types of things that are used to determine your premiums. If you have a feel for what determines premiums, this allows you to make educated decisions that will entitle you to lower rates. Multiple criteria are part of the calculation when quoting car insurance. A few of the factors are predictable such as your driving record, but others are not quite as obvious such as your credit history and annual miles driven.

  • Do you work long hours in a tough employer? – Careers such as doctorspolice officers and accountants usually pay higher premium rates in part from intense work requirements and extremely grueling work hours. On the other hand, jobs such as scientists, engineers and retirees receive lower rates for Caravan insurance.
  • Insure car and home with the same company – Most companies provide a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. Even with this discount applied, drivers will still want to compare rates to help ensure you have the lowest rates.
  • How many miles do you drive? – The higher the miles on your Dodge each year the higher your rates will be. Almost all companies apply a rate based on their usage. Cars used primarily for pleasure use can be on a lower rate level than those used for commuting. It’s always a good idea to double check that your declarations sheet shows the right rating data. Improper usage on your Caravan is throwing money out the window.
  • If you don’t need it don’t buy it – Insurance companies have many extra bells and whistles that can waste your money but may not be useful. Add-on coverages like coverage for rental cars, death and dismemberment, and motor club memberships could be just wasting money. They may sound like good ideas when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
  • Save money by raising comp and collision deductibles – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. Comprehensive and collision coverage deductibles state the amount of money you are required to spend in the event of a claim. The higher the amount the insured has to pay upfront, the lower your rates will be for Caravan insurance.
  • Costs for men may be higher – Statistics show women are more cautious behind the wheel. This data doesn’t prove that men are WORSE drivers than women. Both sexes tend to get into auto accidents in similar numbers, but the male of the species cause more damage. Not only that, but men also receive more costly citations such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore have the most expensive insurance coverage rates.
  • Younger driver insurance rates – Teenage drivers tend to be inattentive when driving and because of this, their insurance coverage rates are much higher. Having to add a beginning driver onto your insurance coverage can increase premiums substantially. Older, more experienced drivers are more cautious drivers, are lower risk to insure and tend to be get fewer driving tickets.

Earn discounts on insurance

Some providers don’t always advertise the entire discount list in an easy-to-find place, so the following list contains both well-publicized and also the lesser-known discounts that may be available.

  • Defensive Driver – Completing a class that teaches defensive driver techniques could save 5% or more depending on where you live.
  • Switch and Save Discount – Some companies provide a discount for buying a new policy before your current expiration date. This can save 10% or more.
  • Telematics Data – Drivers that enable data collection to monitor where and when they drive remotely such as State Farm’s In-Drive could possibly reduce rates as long as they are good drivers.
  • Military Deployment Discount – Having a family member in the military could qualify you for better premium rates.
  • Federal Government Employee – Federal government employees could provide a small rate reduction for Caravan insurance with select insurance companies.
  • Braking Control Discount – Cars with ABS and/or traction control can reduce accidents and the ABS can save up to 10%.
  • Payment Discounts – If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
  • Senior Discount – Older drivers may receive a small decrease in premiums for Caravan insurance.

Discounts save money, but please remember that most discounts do not apply to your bottom line cost. Most cut the cost of specific coverages such as comp or med pay. So even though you would think you can get free auto insurance, that’s just not realistic.

A few of the larger companies and a selection of discounts are included below.

  • State Farm offers premium reductions for defensive driving training, multiple autos, Drive Safe & Save, accident-free, student away at school, and safe vehicle.
  • American Family includes discounts for Steer into Savings, good student, defensive driver, bundled insurance, and mySafetyValet.
  • Geico discounts include good student, federal employee, air bags, emergency military deployment, five-year accident-free, and driver training.
  • 21st Century may offer discounts for 55 and older, early bird, defensive driver, student driver, driver training, and teen driver.
  • Progressive policyholders can earn discounts including homeowner, online signing, multi-policy, online quote discount, good student, continuous coverage, and multi-vehicle.

When getting free insurance quotes, it’s a good idea to every prospective company which discounts can lower your rates. A few discounts might not be offered on policies in your area.

The auto insurance bait and switch

Well-known auto insurance companies like Progressive, Geico, Allstate and State Farm endlessly run ads on TV and radio. All the ads convey the message about how much you will save just by moving to their company. How do they all cost less than your current company? It’s all in the wording.

Insurance providers have specific guidelines for the driver that earns them a profit. For example, this type of driver could possibly be over the age of 35, has no claims, and has a short commute. Any person that matches those criteria will most likely get cheap car insurance rates and will also save when they switch companies.

Potential customers who are not a match for this stringent profile may be required to pay more expensive rates and this results in the prospect going elsewhere. The trick is to say “customers that switch” not “everyone that quotes” can save as much as they claim. That’s the way companies can truthfully advertise the way they do. This really drives home the point why you really should get a wide range of price quotes. It’s just too difficult to predict which company will fit your personal profile best.

Tailor your car insurance coverage to you

When buying adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is unique.

For instance, these questions can help discover if your situation will benefit from professional help.

  • Should I waive the damage coverage when renting a car?
  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered if I drive in a foreign country?
  • Am I covered when driving on a suspended license?
  • Does liability extend to a camper or trailer?
  • How can I get my company to pay me more for my totalled car?
  • Is a blown tire covered by insurance?
  • Is business equipment covered while in my vehicle?
  • Will my rates increase for filing one claim?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form.

Detailed coverages of your auto insurance policy

Having a good grasp of auto insurance can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Auto collision coverage

This covers damage to your Caravan resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like colliding with another moving vehicle, damaging your car on a curb, driving through your garage door and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Comprehensive or Other Than Collision

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hail damage, fire damage, a tree branch falling on your vehicle and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability auto insurance

This coverage protects you from damage that occurs to people or other property that is your fault. This insurance protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers claims such as repair bills for other people’s vehicles, repair costs for stationary objects, structural damage and attorney fees. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your Dodge Caravan.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like prosthetic devices, ambulance fees and funeral costs. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

One last thing

Cheaper 2002 Dodge Caravan insurance can be purchased both online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance providers may not offer internet price quotes and usually these regional carriers sell through independent agencies.

Throughout this article, we presented many tips how you can reduce 2002 Dodge Caravan insurance rates online. It’s most important to understand that the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest rates come from a smaller regional carrier.

When trying to cut insurance costs, it’s not a good idea to buy less coverage just to save a little money. In many instances, someone dropped uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. The aim is to find the BEST coverage at the lowest possible cost, not the least amount of coverage.

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