Paying for overpriced Dodge Grand Caravan insurance can sap your checking account and make it hard to pay other bills.
Big-name insurance companies like Progressive, State Farm and GEICO continually hit you with ads and it is difficult to ignore the propoganda and take the time to shop coverage around.
Companies that sell car insurance don’t always publicize their entire list of discounts in a way that’s easy to find, so below is a list a few of the more well known and also the more inconspicuous savings tricks you should be using when you buy auto insurance online.
As a footnote on discounts, most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as medical payments or collision. If you do the math and it seems like you could get a free insurance coverage policy, companies wouldn’t make money that way. But all discounts will help reduce the premium cost.
Auto insurance companies that may offer many of the previously listed discounts are:
Double check with each insurance company which discounts can lower your rates. Some discounts might not apply in your state. To see a list of insurance coverage companies that can offer you the previously mentioned discounts, follow this link.
When choosing the right insurance coverage, there really is not a one size fits all plan. Everyone’s situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine if your situation might need professional guidance.
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
Having a good grasp of your policy helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverage types offered by auto insurance companies.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance pay for immediate expenses like doctor visits, prosthetic devices, EMT expenses and ambulance fees. They can be utilized in addition to your health insurance plan or if you do not have health coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
Uninsured/Underinsured Motorist coverage
This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Dodge Grand Caravan.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these limits are identical to your policy’s liability coverage.
This coverage 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 pays for claims like damage from a tornado or hurricane, falling objects, a broken windshield and rock chips in glass. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Liability car insurance
Liability coverage will cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability insurance covers claims like court costs, emergency aid and bail bonds. How much coverage you buy is a personal decision, but buy higher limits if possible.
Collision coverage protection
Collision coverage pays for damage to your Grand Caravan from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things such as rolling your car, colliding with a tree and damaging your car on a curb. This coverage can be expensive, so consider dropping it from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.
Lower-priced car insurance can be found from both online companies and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who may not offer online rate quotes and many times these regional insurance providers prefer to sell through independent agencies.
As you restructure your insurance plan, it’s a bad idea to skimp on critical coverages to save a buck or two. There are many occasions where someone dropped physical damage coverage only to discover later that it was a big mistake. Your goal should be to purchase a proper amount of coverage for the lowest cost while still protecting your assets.