Comparison shopping for cheap Driversinsurance coverage can be challenging for drivers who are beginners to comparison shopping online. With a ridiculous number of insurers to choose from, it can be a real hassle to compare prices.
You should take the time to compare premium rates occasionally because prices are adjusted regularly by insurance companies. Just because you had the lowest rate for Caravan insurance two years ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance coverage because you’re about to learn one of the easiest ways to save money, get proper deductibles and limits, all at the lowest rate.
Comparing auto insurance rates can be a lot of work if you aren’t aware of the most efficient way to do it. You can waste a lot of time driving to local insurance agents in your area, or you could save time and use online quoting to get rate comparisons in just a few minutes.
Most car insurance companies participate in an industry program where prospective buyers complete one form, and each participating company can give them a price. This system prevents you from having to do form submissions to each individual auto insurance company.
To fill out one form to compare multiple rates now click here (opens in new window).
The single downside to using this type of form is you are unable to specify the providers to receive prices from. So if you want to select individual companies for rate comparison, we have a listing of companies who write auto insurance in your area. Click to view list.
It’s up to you how you get prices quotes, just make sure you compare exactly the same information with every price quote. If you have mixed coverages it will be nearly impossible to decipher which rate is best. Slightly different limits could skew the results. And when quoting auto insurance, remember that more quotes helps locate the best price. Some smaller insurers to not give online quotes, so it’s important to also get price quotes from them as well.
When buying coverage for your personal vehicles, there really is no “best” method to buy coverage. Each situation is unique.
For example, these questions may help you determine if your situation would benefit from professional advice.
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form.
Understanding the coverages of your car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as rock chips in glass, fire damage, hitting a bird and vandalism. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Collision coverage pays for damage to your Caravan from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims like scraping a guard rail, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.
Liability auto insurance
Liability coverage provides protection from damage or injury you incur to a person or their property in an accident. This insurance protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against things like court costs, medical expenses, medical services and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Insurance for medical payments
Med pay and PIP coverage provide coverage for short-term medical expenses like nursing services, chiropractic care, pain medications and surgery. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Dodge Caravan.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.