Cheaper 2007 Dodge Caravan Insurance Rates

Car owners new to comparison shopping online may find locating cheap car insurance is nearly impossible.

Don’t overlook these car insurance discounts

Insuring your vehicles can cost a lot, but you might find some hidden discounts to reduce the price significantly. Many discounts should be triggered at the time you complete a quote, but occassionally some discounts must be manually applied before being credited. If you’re not getting every credit possible, you are just wasting money.

• Renewal Discounts – A few insurance companies give discounts for switching policies prior to your current policy expiration. It could save around 10% when you buy car insurance online.
• Multiple Vehicles – Buying coverage for multiple cars or trucks with the same car insurance company can reduce rates for all insured vehicles.
• Accident Forgiveness Coverage – This one isn’t a discount, but companies like Progressive, Allstate, and Liberty Mutual will turn a blind eye to one accident before raising your premiums with the catch being you have to be claim-free before the accident.
• Discount for New Cars – Insuring a new car is cheaper since newer vehicles are generally safer.
• Driver Education Discount – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school.
• Low Mileage Discounts – Keeping the miles down on your Dodge can earn substantially lower car insurancerates.
• Safety Course Discount – Successfully completing a course in driver safety is a good idea and can lower rates and easily recoup the cost of the course.
• Discounts for Federal Employees – Being employed by or retired from a federal job may qualify for a discount when you quote car insurance for Caravan insurance with certain companies.

A little note about advertised discounts, some credits don’t apply to all coverage premiums. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, it doesn’t quite work that way.

A few companies that may offer some of the above discounts include:

• Farmers Insurance
• State Farm
• Liberty Mutual
• MetLife
• Progressive

If you need inexpensive car insurance quotes, ask each company the best way to save money. Depending on the company, some discounts may not be offered in your area. For a list of insurance companies that can offer you the previously mentioned discounts, click here to view.

The Dodge Caravan insurance rate equation

When buying auto insurance it’s important to understand some of the factors that play a part in calculating the level of your policy premiums. If you know what determines premiums, this helps enable you to make changes that may result in lower premium levels.

• Alarm systems systems cut auto insurance rates – Choosing to buy a car with anti-theft technology or alarm system can save you some money. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent your vehicle from being stolen.
• Auto insurance rates and age – Teenage drivers are statistically shown to be inattentive and easily distracted with other occupants in the car and because of this, their auto insurance rates are much higher. Adding a teenage driver onto your auto insurance can break the bank. Older, more experienced drivers have been proven to be more responsible, cause fewer claims and accidents and tend to be get fewer driving tickets.
• An active policy claims history can cost you – If you file a lot of claims don’t be surprised to see higher premiums or even policy non-renewal. Car insurance companies provide better rates to drivers who are not frequent claim filers. Insurance coverage is meant to be used in the event of larger claims.
• High coverage deductibles cost less – The deductibles define the amount you are required to spend if a claim is determined to be covered. Physical damage protection, aka comp and collision, covers damage that occurs to your car. A few examples of covered claims could be collision with another vehicle, collision with a deer, or theft of your vehicle. The more expense the insured is willing to pay, the less money you will pay for auto insurance for Caravan insurance.
• Poor credit decisions can cost you – Credit score can be a huge factor in determining what you pay for auto insurance. If your credit rating is lower than you’d like, you could be paying less to insure your 2007 Dodge Caravan by improving your rating. Consumers who have excellent credit scores tend to be better risks to insure than those with lower ratings.
• Discounts for multiple policies – Most major insurers allow lower prices to buyers that purchase more than one policy. It’s known as a multi-policy discount. This can amount to as much as ten percent or more Even if you qualify for this discount already, it’s always a smart idea to check prices from other companies to help guarantee you have the best rates. You may still find a better deal even if you have your coverage with different companies
• Cheaper premiums with safer cars – Cars with five star safety ratings can get you lower premiums. Highly rated vehicles have better occupant injury protection and reduced instances of injuries means less money paid by your insurance company and lower rates for you.
• Annual mileage impacts costs – Driving more miles in a year’s time the higher your rate. A lot of insurance companies charge rates based upon how the vehicle is primarily used. Vehicles that have low annual miles cost less to insure than vehicles that are driven to work every day. Ask your agent if your auto insurance policy states the right rating data, because it can save money. Having the wrong rating on your Caravan can cost quite a bit.

When to get professional advice

When it comes to choosing the best insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is a little different.

These are some specific questions may help you determine if your situation may require specific advice.

• Is my custom paint covered by insurance?
• When should my teen driver be added to my policy?
• Are all vehicle passengers covered by medical payments coverage?
• Should I bundle my homeowners policy with my auto?
• Who is covered when they drive my 2007 Dodge Caravan?
• Will filing a claim cost me more?
• Do I need PIP coverage since I have good health insurance?
• I have health insurance so do I need medical payments coverage?
• Do I pay less if my vehicle is kept in my garage?
• Is my babysitter covered when using my vehicle?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, take a second and complete this form.

Why you might not save $429 a year

Respected companies like Progressive, Allstate and Geico constantly bombard you with ads on television and other media. All the companies seem to make the promise that you’ll save big if you change to their company. How is it possible that every company can offer drivers better rates?

Many companies give the cheapest rates for the type of driver that earns them the highest profit. An example of a desirable risk may need to be between the ages of 30 and 45, has no driving citations, and has excellent credit. Any driver who fits those characteristics will get a cheap rate quote and will also save when they switch companies.

People who don’t qualify for this ideal profile may receive a higher rate with the end result being the customer buying from someone else. If you pay close attention to the ads, they say “people that switch” but not “all drivers who get quotes” save the amount stated. This is how companies can truthfully claim big savings.

This really drives home the point why you really need to do a quote comparison often. It’s impossible to know which company will have the best premium rates.

Auto insurance coverages explained

Learning about specific coverages of auto insurance can help you determine the right coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, a broken windshield, hitting a bird, theft and rock chips in glass. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as backing into a parked car, colliding with a tree and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for expenses for dental work, rehabilitation expenses and doctor visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Auto liability

This coverage can cover damages or injuries you inflict on people or other property. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage pays for claims such as legal defense fees, repair costs for stationary objects, attorney fees, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Dodge Caravan.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time these limits do not exceed the liability coverage limits.

Get your money’s worth

Cheaper 2007 Dodge Caravan insurance can be bought on the web and also from your neighborhood agents, so you should be comparing quotes from both to have the best rate selection. Some companies do not offer price quotes online and usually these small insurance companies prefer to sell through local independent agents.

Insureds change insurance companies for any number of reasons including policy cancellation, high prices, questionable increases in premium and even an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new company is actually quite simple.

You just read many tips how you can get a better price on 2007 Dodge Caravan insurance. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. You may even find the best prices are with the smaller companies.

Additional detailed information is located at these sites:

• All About Airbag Safety (State Farm)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• Auto Insurance for Teen Drivers (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)