How Much Does 2002 Dodge Grand Caravan Insurance Cost?

Having to pay for high-priced insurance can consume your monthly budget and force you to cut corners elsewhere. Popular companies such as Allstate and Progressive all claim big savings, bombarding you with advertising and it is difficult to ignore the flashy ads and take the time to shop coverage around.

You need to do price comparisons yearly since insurance prices change frequently. If you had the best rate on Grand Caravan coverage on your last policy you will most likely find a better premium rate today. Forget anything you know (or think you know) about insurance because you’re about to learn the easiest way to save money, get proper coverage and the best rates.

If you have a policy now or need new coverage, you can use these tips to find the best rates and possibly find even better coverage. Finding affordable coverage is easy if you know what you’re doing. Drivers only need to know the best way to find the lowest price on the web.

The quickest method to compare car insurance company rates is to understand car insurance companies have advanced systems to provide you with free rate quotes. All you need to do is provide a little information such as any included safety features, if you have a valid license, whether you have decent credit, and distance driven. The data is then submitted to all major companies and they return rate quotes almost instantly.

To start a quote now, click here and complete the quick form.

Find hidden discounts to get affordable auto insurance quotes

Some companies don’t always list every discount they offer in a way that’s easy to find, so the following is a list of some of the best known and the harder-to-find credits that you can use to lower your rates.

  • Federal Government Employee – Having worked for a branch of the government can save as much as 8% on Grand Caravan coverage with a few auto insurance companies.
  • Distant Student Discount – Kids who are attending college and leave their car at home could qualify for this discount.
  • Bundled Policy Discount – When you combine your home and auto insurance with the same company you could save nearly 15% which can help you find low cost insurance.
  • Paperless Signup – A few larger companies will give you a small discount shop insurance on the web.
  • Service Members Pay Less – Being deployed with a military unit may lower your rates slightly.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are much safer to drive and qualify for as much as a 10% discount.
  • Claim Free – Drivers who stay claim-free have much lower rates when compared to policyholders that have many claims.
  • Passenger Safety Discount – Factory air bags or motorized seat belts can receive discounts of up to 25% or more.
  • Driver Education Discount – Cut your cost by having your teen driver sucessfully take a drivers education course in school or through a local driver safety program.

Discounts lower rates, but some of the credits will not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears you would end up receiving a 100% discount, auto insurance companies aren’t that generous. Any qualifying discounts will help reduce your policy premium.

To see a list of companies with the best discounts, click here.

The Dodge Grand Caravan insurance premium equation

Lots of factors are part of the calculation when quoting car insurance. Some factors are common sense such as traffic violations, but others are not quite as obvious such as your marital status or your vehicle rating.Smart consumers have a good feel for some of the factors that play a part in calculating your policy premiums. If you understand what positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to lower insurance prices.

  • Your age impacts your prices – Older, more experienced drivers are more cautious drivers, tend to cause fewer accidents , and are generally more financially stable.Teen drivers tend to be less responsible when driving therefore insurance rates are much higher.
  • Lower rates by increasing coverage deductibles – Coverage for physical damage, also called ‘full coverage’, covers your vehicle from damage. Examples of covered claims are running into the backend of another car, damage caused by hail, and windstorm damage. The deductibles you choose define how much you are willing to pay out-of-pocket before your insurance pays a claim. The more of the claim you’re willing to pay, the less your company will charge you for insurance on Grand Caravan coverage.
  • What are good liability limits? – The liability coverage on your policy is the coverage that protects you when you are determined to be liable for personal injury or accident damage. Liability insurance provides you with a defense in court to defend your case. This coverage is relatively inexpensive compared to other policy coverages, so drivers should carry high limits.
  • Drivers with high credit save on insurance – Credit score is likely to be a major factor in determining what you pay for insurance. If your credit is not that good, you could pay less to insure your 2002 Dodge Grand Caravan by spending a little time repairing your credit. Insureds that have excellent credit scores tend to be more responsible and file fewer claims than drivers with poor credit.
  • Single drivers take more risk – Having a significant other may earn you lower rates compared to being single. Having a significant other demonstrates that you tend to be less irresponsible and insurance companies reward insureds because drivers who are married are more cautious.
  • Policy add-ons may be wasting money – There are many extra add-on coverages that can add up if you don’t pay attention. Coverage for things like coverage for rental cars, death and dismemberment, and extra equipment coverage are probably not needed. You may think they are a good idea when you first buy your policy, but if you’ve never needed them in the past remove them from your policy.

Tailor your insurance coverage coverage to you

When it comes to choosing proper insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation will benefit from professional help.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • How can I get high-risk coverage after a DUI?
  • Do I need roadside assistance coverage?
  • Am I covered if I hit a deer?
  • How does medical payments coverage work?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered if I drive in a foreign country?
  • Is my babysitter covered when using my vehicle?
  • Can my teen drive my company car?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

The largest companies are not always cheapest

Consumers can’t escape the ads that claim the lowest prices by Allstate, Geico and Progressive. All the companies convey the message about how much you will save just by switching your policy.

How does each company make almost identical claims? This is the trick they use.

Most companies provide the lowest rates for the type of customer that earns them the highest profit. For example, a preferred risk might be between 30 and 50, has no claims, and drives less than 5,000 miles a year. A customer that hits that “sweet spot” will get very good prices and will also save some money.

Drivers who don’t measure up to this stringent profile may receive higher rates which translates to business not being written. If you listen closely, the ads state “customers that switch” not “all people who quote” will save that much if they switch. That’s the way insurance companies can make claims that they all have the best car insurance rates. This really emphasizes why you should compare as many free insurance quotes as you can. It’s just not possible to know which insurance company will fit your personal profile best.

Specific coverage details

Learning about specific coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be confusing and coverage can change by endorsement. These are typical coverages available from insurance companies.

Collision – This pays for damage to your Grand Caravan resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like hitting a mailbox, sideswiping another vehicle, colliding with another moving vehicle, driving through your garage door and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Comprehensive auto coverage – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as theft, damage from a tornado or hurricane, a broken windshield, damage from flooding and damage from getting keyed. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Liability insurance – Liability coverage will cover damages or injuries you inflict on a person or their property in an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things like attorney fees, pain and suffering, funeral expenses, medical expenses and loss of income. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for nursing services, ambulance fees, X-ray expenses and funeral costs. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Dodge Grand Caravan.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Smart consumers save more

Some insurance coverage companies may not provide the ability to get a quote online and most of the time these small, regional companies only sell coverage through independent agents. Lower-priced insurance coverage can be purchased online as well as from insurance agents, so you should be comparing quotes from both to get a complete price analysis.

We just showed you a lot of information how to get a better price on 2002 Dodge Grand Caravan insurance. It’s most important to understand that the more companies you get premium rates for, the more likely it is that you will get a better rate. Drivers may discover the best price on insurance coverage is with a company that doesn’t do a lot of advertising. Smaller companies can often provide lower premium rates in certain areas compared to the large companies like Progressive and Geico.

Additional insurance coverage information can be read at the links below