Save on 2003 Dodge Caravan Insurance Rates

Locating cheaper insurance for a new or used Dodge Caravan can turn out to be an all-consuming task, but you can follow our insurance buying tips to save time. There is a right way and a wrong way to shop for insurance so you’re going to learn the absolute fastest way to quote coverages for your Dodge and locate the cheapest rates.

It’s a good habit to get comparison quotes on a regular basis because prices are rarely the same from one policy term to another. Just because you had the lowest rates for Caravan insurance two years ago you can probably find a better premium rate now. Block out anything you think you know about insurance because we’re going to show you the best methods to find lower rates on insurance.

The quickest way to compare policy rates takes advantage of the fact most of the bigger providers pay for the opportunity to provide you with free rate quotes. To start a quote, the only thing you need to do is give them rating details such as if you are currently licensed, your job, how old drivers are, and if it has an anti-theft system. Your information is then sent to many highly-rated insurers and they return rate quotes immediately.

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

Discounts for lower-cost insurance coverage quotes

Not too many consumers would say insurance coverage is affordable, but you may be missing some discounts that many people don’t even know exist. A few discounts will automatically apply when you purchase, but a few must be asked for before you will receive the discount.

  • Professional Memberships – Having an affiliation with certain professional organizations can get you a small discount on insurance coverage.
  • Theft Deterent System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and earn discounts up to 10% off your insurance quote.
  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle up before driving can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • 55 and Retired – Drivers over the age of 55 may qualify for better insurance coverage rates for Caravan insurance.
  • Full Payment Discount – By making one initial payment rather than spreading payments over time you can avoid monthly service charges.
  • Sign Early and Save – Some larger companies provide a discount for renewing your policy early. You can save around 10% with this discount.

It’s important to note that most discounts do not apply to your bottom line cost. Most only apply to specific coverage prices like comprehensive or collision. Just because you may think all those discounts means the company will pay you, you won’t be that lucky.

Companies and some of the discounts are outlined below.

  • Progressive may offer discounts for multi-policy, continuous coverage, online quote discount, homeowner, online signing, good student, and multi-vehicle.
  • AAA includes discounts for multi-policy, AAA membership discount, multi-car, good student, and pay-in-full.
  • Farmers Insurance may have discounts that include multi-car, teen driver, electronic funds transfer, youthful driver, distant student, alternative fuel, and business and professional.
  • Geico offers discounts including daytime running lights, seat belt use, membership and employees, federal employee, emergency military deployment, and good student.
  • Esurance has savings for emergency road assistance, anti-theft, Switch & Save, homeowner, online quote, and DriveSense.
  • SAFECO discounts include multi-car, teen safe driver, anti-lock brakes, teen safety rewards, and drive less.
  • State Farm has discounts for anti-theft, good student, driver’s education, Drive Safe & Save, good driver, and student away at school.

When comparing rates, check with each company how you can save money. Discounts might not be offered everywhere. To view insurance companies with the best insurance coverage discounts, click here to view.

Lower your insurance prices

Many things are taken into consideration when you quote your car insurance policy. Some are obvious like a motor vehicle report, but other criteria are less apparent such as whether you are married or your commute time.

  • Do you have enough liability protection? – Your policy’s liability coverage is the protection when you are found liable for an accident. Liability provides for a legal defense to attempt to prove you were not liable. It is affordable coverage compared to comp and collision, so drivers should carry high limits.
  • Know your credit rating – Having a bad credit score can be a huge factor in determining what you pay for car insurance. If your credit rating could use some work, you could be paying less to insure your 2003 Dodge Caravan by improving your rating. People with very good credit scores tend to be less risk to insure than those with lower credit scores.
  • Gender and auto insurance – Statistics show females are less aggressive when driving. It does not mean females are better drivers. Females and males tend to get into accidents in similar numbers, but men have accidents that have higher claims. Not only that, but men also get more serious tickets like DWI (DUI) or reckless driving. Young males generally have the highest accident percentage and therefore have the most expensive car insurance rates.
  • Multiple policies with one company can save – Many car insurance companies allow a discount for people who buy several policies from them in the form of a multi-policy discount. Even with this discount applied, drivers will still want to compare rates to confirm you are receiving the best rates possible. It’s possible to still save even more even if you have your coverage with different companies

You may need specialized insurance coverage

When it comes to choosing adequate coverage, there really is not a cookie cutter policy. Every insured’s situation is different.

Here are some questions about coverages that may help you determine if your situation may require specific advice.

  • How much underlying liability do I need for an umbrella policy?
  • Does my car insurance cover rental cars?
  • How do I insure my teen driver?
  • Should I have combined single limit or split liability limits?
  • How much liability do I need to cover my assets?
  • Does coverage extend to my business vehicle?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form. It only takes a few minutes and can help protect your family.

Auto insurance coverages and their meanings

Having a good grasp of your policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Collision coverage

This pays for damage to your Caravan resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like crashing into a ditch, crashing into a building, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Comprehensive coverage

This covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from a tornado or hurricane, damage from getting keyed, damage from flooding, fire damage and theft. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Dodge Caravan.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Liability auto insurance

This coverage can cover damage or injury you incur to other people or property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability can pay for things such as medical expenses, court costs and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Medical payments coverage and PIP

Med pay and PIP coverage pay for bills like ambulance fees, funeral costs, pain medications, surgery and X-ray expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Money doesn’t grow on trees

When shopping online for car insurance, do not reduce needed coverages to save money. In many cases, an insured cut physical damage coverage only to discover later they didn’t purchase enough coverage. The goal is to purchase plenty of coverage at the lowest possible cost but still have enough coverage for asset protection.

Budget-friendly car insurance is definitely available from both online companies in addition to local insurance agencies, so you need to shop insurance with both in order to have the best chance of saving money. Some companies do not offer rates over the internet and many times these small, regional companies sell through independent insurance agencies.

Consumers leave their current company for a variety of reasons including delays in paying claims, questionable increases in premium, unfair underwriting practices or being labeled a high risk driver. Whatever your reason, finding the right car insurance provider is pretty simple and you could end up saving a buck or two.

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