Wish you could get a refund on an expensive insurance policy? You’re in good company because you are not the only one feeling buyer’s remorse.
People have many insurers to buy insurance from, and even though it’s nice to have a selection, more choices can make it harder to compare rates and cut insurance costs.
To find affordable auto insurance quotes, there are several ways of comparing rates from different companies. The best way to find the cheapest 2004 Dodge Caravan insurance rates is to use the internet to compare rates. This is very easy and can be done in several different ways.
For a handy list of car insurance company links in your area, click here.
It’s up to you how you get prices quotes, just try to keep the exact same coverage limits for every quote you compare. If you have different values for each quote it’s not possible to make a fair rate comparison. Just slight variations in insurance coverages or limits could mean much higher rates. It’s important to know that making a lot of price comparisons will improve the odds of getting lower pricing.
When it comes to buying coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different and your policy should reflect that. For example, these questions can help discover if your situation may require specific advice.
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier
Understanding the coverages of car insurance can help you determine appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find the normal coverages offered by car insurance companies.
Auto liability insurance – Liability coverage will cover injuries or damage you cause to a person or their property. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability insurance covers claims such as repair costs for stationary objects, bail bonds, repair bills for other people’s vehicles, loss of income and medical expenses. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage pay for bills such as ambulance fees, X-ray expenses, pain medications, hospital visits and doctor visits. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Uninsured or underinsured coverage – This gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Dodge Caravan.
Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Collision – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like colliding with another moving vehicle, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.
Comprehensive protection – This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as damage from getting keyed, damage from a tornado or hurricane, rock chips in glass and damage from flooding. The maximum amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.