View 2002 Dodge Caravan Insurance Rates

Searching for the cheapest insurance coverage rates for your Dodge Caravan? Tired of scraping the payment together to pay insurance coverage each month? Your situation is no different than many other consumers. Drivers have multiple car insurance companies to buy insurance from, and although it’s a good thing to have a selection, it can be more challenging to compare company pricing.

You should take the time to compare premium rates yearly because insurance coverage prices are constantly changing. Just because you had the best rates on Caravan coverage last year there is a good chance you can find better rate quotes now. You can find a lot of wrong information about insurance coverage out there, but you can learn some great ideas on how to find affordable insurance coverage.

More discounts mean lower-cost premiums

Some insurers don’t necessarily list every discount in a way that’s easy to find, so we break down a few of the more well known and the harder-to-find discounts that may be available. If you aren’t receiving every discount available, you are throwing money away.

  • Student Discounts – Excelling in school may save as much as 25% on a insurance quote. Most companies allow this discount up to age 25.
  • Defensive Driver – Taking part in a defensive driving course may get you a small discount if you qualify.
  • Passive Restraints and Air Bags – Cars that have air bags could see savings up to 30%.
  • Bundle and Save – If you can combine your homeowners and auto policy with the same company you may save 10% to 20% off each policy.
  • Early Renewal Discounts – Select companies give a discount for buying a new policy before your current coverage expires. The savings is around 10%.
  • Telematics Devices – Drivers who agree to allow data collection to study driving patterns through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they have good driving habits.
  • Own a Home – Owning your own home or condo can earn you a little savings due to the fact that maintaining a home is proof that your finances are in order.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and will save you 10% or more.

A quick disclaimer, most discounts do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you could get a free insurance coverage policy, insurance companies wouldn’t stay in business. But all discounts will cut the cost of coverage.

Larger insurance coverage companies and some of the premium reductions they offer are detailed below.

  • GEICO offers premium reductions for defensive driver, anti-theft, seat belt use, five-year accident-free, and multi-vehicle.
  • MetLife policyholders can earn discounts including claim-free, good student, accident-free, defensive driver, good driver, multi-policy
  • State Farm has savings for defensive driving training, safe vehicle, anti-theft, Drive Safe & Save, multiple policy, and driver’s education.
  • Progressive discounts include online signing, good student, multi-policy, online quote discount, and homeowner.
  • Mercury Insurance may have discounts that include multi-policy, accident-free, low natural disaster claims, type of vehicle, location of vehicle, age of vehicle, and annual mileage.
  • 21st Century may offer discounts for theft prevention, 55 and older, driver training, good student, student driver, air bags, and homeowners.
  • Allstate offers discounts for senior citizen, early signing, anti-lock brakes, safe driver, farm vehicle, eSmart discount, and resident student.

When quoting, ask each insurance company which discounts they offer. All car insurance discounts might not be available to policyholders in your area. To see insurance coverage companies that offer discounts, click this link.

Buy car insurance online

Shopping for lower car insurance rates can take time and effort if you don’t know the most efficient way to do it. You can spend countless hours driving to agents in your area, or you could use online quoting to get rates in a matter of minutes.

Many insurance companies take part in a program where insurance shoppers enter their policy data once, and every company returns a competitive quote determined by their information. This eliminates the need for form submissions to each individual car insurance company. To use this form to compare rates click here to start a free quote.

The single downside to using this type of system is you are unable to specify the providers you will receive quotes from. If you would rather choose from a list of companies to compare rates, we put together a list of low cost car insurance companies in your area. View list of insurance companies.

Whichever way you use, be certain you are entering the same coverage data for every company. If your comparisons have unequal deductibles or liability limits then you won’t be able to truly determine the lowest rate.

It’s not one size fits all

When buying proper insurance coverage for your personal vehicles, there really is no perfect coverage plan. Every situation is different so your insurance needs to address that. For example, these questions can help discover whether you might need an agent’s assistance.

  • I have health insurance so do I need medical payments coverage?
  • Which is better, split liability limits or combined limits?
  • What are the financial responsibility laws in my state?
  • Does insurance cover damages from a DUI accident?
  • Is a new car covered when I drive it off the dealer lot?
  • What if I owe more than I can insure my car for?
  • When can my company non-renew my policy?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Educate yourself about insurance coverages

Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.

Collision protection

Collision coverage pays for damage to your Caravan from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like sideswiping another vehicle, hitting a parking meter and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Liability auto insurance

Liability insurance will cover damage or injury you incur to other’s property or people in an accident. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for things like loss of income, repair costs for stationary objects, emergency aid and court costs. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for medical payments

Coverage for medical payments and/or PIP pay for immediate expenses for ambulance fees, hospital visits, surgery, doctor visits and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible

Comprehensive coverages

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, fire damage, hail damage and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

What is YOUR best insurance company?

We just covered a lot of techniques to shop for 2002 Dodge Caravan insurance online. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with a small mutual company. They may only write in your state and offer lower premium rates as compared to the big name companies such as GEICO and State Farm.

More affordable auto insurance can be sourced from both online companies as well as from insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online quoting and these regional carriers sell through independent agencies.

Helpful resources