Compare 2001 Dodge Caravan Insurance Rates

Consumers have lots of choices when looking for the best price on Dodge Caravan insurance. You can either spend your time contacting agents to compare prices or save time using the internet to compare rates. There is a right way and a wrong way to buy insurance so you’re going to learn the quickest way to price shop coverage on a Dodge and locate the lowest possible price.

Smart consumers know how to find insurance at a discount

Many different elements are used in the calculation when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but others are less apparent like your continuous coverage or how financially stable you are.

  • How many miles do you drive? – Driving more miles in a year the higher the price you pay to insure it. Almost all companies rate vehicles based on their usage. Cars used primarily for pleasure use qualify for better rates than those used for commuting. A policy that improperly rates your Caravan is throwing money out the window. It’s a smart idea to ensure your insurance coverage is showing the correct driver usage, because improper ratings can cost you money.
  • Older drivers save more – Mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims , and are generally more financially stable.Beginning drivers are statistically shown to be inattentive with other occupants in the car and because of this, their insurance rates are much higher.
  • Deductibles are a factor – Insurance for physical damage to your car, also called comprehensive and collision insurance, is used to repair damage to your vehicle. A few examples of covered claims are colliding with a building, vandalism, or theft. The deductibles represent how much money you are required to spend if a covered claim is submitted. The more expense you choose to pay out-of-pocket, the less your company will charge you for insurance for Caravan coverage.
  • Gender and car insurance premiums – Over time, data shows that women are safer drivers than men. However, don’t assume that men are worse drivers. Men and women cause accidents at about the same rate, but the males tend to have higher claims. They also receive more costly citations like DUI and reckless driving. Young men ages 16 to 20 have the highest risk to insure and therefore have the most expensive insurance rates.

Discounts for lower-cost insurance rates

Insuring your fleet can be pricey, but there are discounts available that you may not even be aware of. Certain reductions will be credited at the time of purchase, but once in a while a discount must be manually applied prior to receiving the credit.

  • Defensive Driving Course – Completing a safe driver course can save you 5% or more and easily pay for the cost of the class.
  • Renewal Discounts – Some companies reward drivers for switching companies prior to the expiration date on your current policy. It can save you around 10%.
  • First Accident Forgiveness – Not necessarily a discount, but some companies like Allstate and Progressive will turn a blind eye to one accident before hitting you with a surcharge as long as you don’t have any claims before the accident.
  • Good Students Pay Less – Excelling in school may save you up to 25%. The discount lasts up until you turn 25.
  • Telematics Discount – Insureds that choose to allow data collection to study where and when they drive by using a telematics device like Drivewise from Allstate or In-Drive from State Farm could save a few bucks if their driving habits are good.
  • No Accidents – Drivers who don’t have accidents can save substantially when compared to policyholders that have many claims.
  • Distant Student – Kids who live away from home at college and won’t have access to an insured vehicle could get you a discount.
  • Own a Home and Save – Owning your own home or condo can save a few bucks since owning and maintaining a home means you have a higher level of financial diligence.

A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you can get free auto insurance, you aren’t that lucky.

Large insurance companies and their offered discounts are:

  • State Farm has discounts for student away at school, passive restraint, accident-free, good student, multiple autos, anti-theft, and good driver.
  • Esurance offers premium reductions for online shopper, good driver, homeowner, good student, and anti-theft.
  • Progressive offers discounts for continuous coverage, multi-vehicle, multi-policy, homeowner, online signing, online quote discount, and good student.
  • Liberty Mutual offers discounts including safety features, exclusive group savings, new graduate, newly retired, preferred payment discount, good student, and multi-policy.
  • Auto-Owners Insurance may have discounts that include teen driver, safe vehicle, air bags, group or association, good student, and multi-policy.
  • GEICO discounts include emergency military deployment, driver training, seat belt use, defensive driver, and multi-vehicle.

It’s a good idea to ask each insurance company which credits you are entitled to. Some of the discounts discussed earlier might not be available to policyholders in your state. If you would like to view insurers that offer the discounts shown above, follow this link.

Beware of misleading auto insurance ads

Consumers can’t get away from all the ads that claim the cheapest rates from companies such as State Farm and Allstate. All the ads make an identical promise about how much you will save if you just switch your policy.

It sounds good, but how can they all charge less that you’re paying now? This is how they do it.

All the different companies give the best rates for a prospective insured that will not have excessive claims. For example, a profitable customer could possibly be between 25 and 40, has few claims, and drives newer vehicles. Any driver who fits that profile will get low prices as well as cut their rates substantially.

Insureds who don’t measure up to this stringent profile may be forced to pay a higher rate which translates to the driver buying from a lower-cost company. The ad wording is “customers that switch” but not “all drivers who get quotes” save that kind of money. This is how insurance companies can lure you into getting a quote. This emphasizes why you really need to do a quote comparison often. Because without a comparison, you cannot know with any certainty which company will fit you best based on your risk profile.

Tailor your insurance coverage coverage to you

When choosing coverage for your vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different.

These are some specific questions could help you determine whether your personal situation will benefit from professional help.

  • Where can I get insurance after a DUI in my state?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I benefit by insuring my home with the same company?
  • How much liability insurance is required?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Are my friends covered when driving my 2001 Dodge Caravan?
  • Does my policy cover my teen driver if they drive my company car?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Specific coverage details

Knowing the specifics of a car insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive coverages

This pays for damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like falling objects, hail damage, theft and rock chips in glass. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Coverage for medical payments

Med pay and PIP coverage kick in for short-term medical expenses like surgery, X-ray expenses and ambulance fees. They are utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage

This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your 2001 Dodge Caravan.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability insurance

Liability coverage will cover damages or injuries you inflict on people or other property that is your fault. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as court costs, emergency aid, medical expenses, repair bills for other people’s vehicles and medical services. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision coverage

Collision insurance pays for damage to your Caravan caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with a tree, damaging your car on a curb, backing into a parked car and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Take this to the bank

Budget-friendly car insurance is possible from both online companies as well as from insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers may not have the ability to get a quote online and these small, regional companies only sell coverage through independent insurance agencies.

When searching for cheaper auto insurance quotes, it’s very important that you do not reduce needed coverages to save money. There have been many cases where consumers will sacrifice full coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find for the lowest price, but don’t skip important coverages to save money.

We just presented many ideas to shop for 2001 Dodge Caravan insurance online. The most important thing to understand is the more you quote auto insurance, the better chance you’ll have of finding affordable auto insurance. Consumers may even find the lowest priced car insurance comes from a company that doesn’t do a lot of advertising.

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