How Much Does 2003 Dodge Caravan Insurance Cost?

Want cheaper car insurance rates for your Dodge Caravan? If you are a novice to online car insurance shopping, by this point your are probably baffled by the confusing number of online car insurance companies and websites all offering big savings.

Consumers should take time to get comparison quotes before your policy renews since prices go up and down regularly. If you had the best price on Caravan coverage six months ago a different company probably has better rate quotes today. You’ll find quite a bit of inaccurate information about car insurance on the web, but I’m going to show you some of the best techniques to put money back in your pocket.

Learn how to lower your insurance prices

Lots of factors are taken into consideration when you get your auto insurance bill. Some are obvious like your driving record, but others are less obvious such as your credit history or your commute time.When buying insurance it’s important to understand some of the things that help calculate the rates you pay for insurance. If you have some idea of what determines base rates, this allows you to make good choices that could help you find lower insurance prices.

The items below are some of the factors used by insurance companies to determine rates.

  • Rates increase with driving citations – How you drive can have a huge impact on auto insurance premiums. Careful drivers pay less for auto insurance as compared to careless drivers. Only having one speeding ticket can increase rates forty percent or more. Drivers with serious violations like DUI or reckless driving may face state-mandated requirements to prove financial responsibility with their state motor vehicle department in order to drive a vehicle legally.
  • Good credit saves on insurance – An insured’s credit score will be a significant factor in determining what you pay. Drivers with excellent credit tend to be better risks to insure than drivers with lower credit ratings. If your credit is not that good, you could potentially save money when insuring your 2003 Dodge Caravan by improving your credit score.
  • Deter vehicle theft – Choosing to buy a car that has a built-in theft deterrent system can help lower your rates. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms help track and prevent your car from being stolen.
  • Raising deductibles saves money – Physical damage protection, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some examples of covered claims are a windshield shattered by a rock, collision with an animal, and damage from a fallen tree branch. Physical damage deductibles represent how much money the insured will be required to pay in the event of a claim. The larger the amount the insured has to pay upfront, the less your company will charge you for insurance on Caravan coverage.
  • An active insurance claims history can increase rates – If you file claims often, you can expect higher rates. Insurance companies provide discounts to insureds who do not file claims often. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.

These discounts can reduce insurance rates

Insurance is neither fun to buy or cheap, but there may be some discounts to help offset the cost. Larger premium reductions will be automatically applied at the time of purchase, but a few must be specifically requested before being credited.

  • Federal Government Employee – Active or retired federal employment may qualify for a discount when you quote insurance coverage on Caravan coverage with select insurance companies.
  • Low Mileage Discounts – Low annual miles may allow you to get better insurancerates on cars that stay parked.
  • Mature Driver Discount – Seniors could receive a slight reduction on a insurance coverage quote on Caravan coverage.
  • Discount for Passive Restraints – Vehicles equipped with air bags can receive discounts of up to 25% or more.
  • Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could save 15% on medical payment and PIP coverage.
  • Resident Student – Any of your kids living away from home attending college and leave their car at home may be able to be covered for less.
  • Payment Method – If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
  • ABS Brakes – Cars equipped with ABS or steering control are safer to drive so you can save 10 percent or more.
  • Active Service Discounts – Being on active duty in the military could qualify you for better premium rates.
  • No Charge for an Accident – This one is not really a discount per se, but some insurance companies will forgive one accident before your rates go up so long as you haven’t had any claims for a certain period of time.

Keep in mind that most discount credits are not given to the overall cost of the policy. Most only apply to specific coverage prices like medical payments or collision. If you do the math and it seems like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

To choose companies that offer multiple discounts, click here to view.

When do I need an agent’s advice?

When choosing the best auto insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s needs are different.

These are some specific questions could help you determine if your insurance needs could use an agent’s help.

  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered if I hit my neighbor’s mailbox?
  • How high should my uninsured/underinsured coverage be in my state?
  • Is my babysitter covered when using my vehicle?
  • Can I rate high risk drivers on liability-only vehicles?
  • How can I get high-risk coverage after a DUI?
  • Are rental cars covered under my policy?
  • Do I need roadside assistance coverage?
  • How high should my medical payments coverage be?
  • Does car insurance cover theft of personal property?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Insurance coverage considerations

Understanding the coverages of a insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Comprehensive insurance

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a bird, hail damage, a broken windshield and theft. The maximum amount a 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 it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP)

Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for prosthetic devices, EMT expenses and surgery. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage

Collision insurance will pay to fix damage to your Caravan resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things like colliding with another moving vehicle, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to bring the cost down.

Coverage for liability

This coverage can cover injuries or damage you cause to other people or property in an accident. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage protects against claims such as structural damage, repair costs for stationary objects, attorney fees and medical expenses. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Online plus local equals savings

People change insurance companies for any number of reasons including denial of a claim, not issuing a premium refund, high prices or even delays in paying claims. No matter why you want to switch, choosing a new company can be easier than you think.

In this article, we presented some good ideas how you can get a better price on 2003 Dodge Caravan insurance. The key thing to remember is the more you quote insurance coverage, the higher your chance of finding cheap insurance coverage. Drivers may discover the lowest auto insurance rates come from the smaller companies.

As you quote insurance coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, drivers have reduced physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The goal is to purchase a proper amount of coverage at the best cost, but do not skimp to save money.

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