Compare Dodge Grand Caravan Insurance Quotes in Plano

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Insurance for Dodge Grand CaravanIt takes a little time, but the best way to get the cheapest car insurance rates in Plano is to make a habit of regularly comparing prices from insurers who provide auto insurance in Texas.

First, get an understanding of auto insurance and the measures you can take to prevent rate increases. Many things that increase rates such as multiple speeding tickets and a substandard credit score can be amended by being financially responsible and driving safely.

Second, compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO and State Farm, while independent agents can provide price quotes from many different companies.

Third, compare the new quotes to your current policy to see if a cheaper price is available. If you find a lower rate quote, make sure there is no coverage gap between policies.

Fourth, notify your current company of your intent to cancel the current policy. Submit the completed application along with a down payment to the newly selected company. Make sure you put the new proof of insurance paperwork somewhere easily accessible.

A good piece of advice is to make sure you're comparing the same level of coverage on every price quote and and to get price quotes from all possible companies. This enables a fair price comparison and the best price selection.

Unthinkable but true, the vast majority of consumers have purchased from the same company for well over three years, and just short of a majority have never compared car insurance rates at all. U.S. insurance shoppers could save up to $850 each year just by getting comparison quotes, but they just don't want to shop their coverage around.

Eight factors that affect insurance premiums

Smart consumers have a good feel for some of the factors that aid in calculating your policy premiums. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that can help you get lower premium levels. Lots of things are part of the equation when pricing auto insurance. Some factors are common sense like a motor vehicle report, but others are not as apparent such as your marital status or your commute time.

  • Coverage lapses raise car insurance rates - Driving without insurance can get you a ticket and car insurance companies will penalize you for letting your insurance expire. And not only will insurance be more expensive, getting caught without coverage might get you fines and jail time. You may then be required to submit proof of financial responsibility or a SR-22 with the Texas DMV.
  • Do safer cars cost less to insure? - Cars with five star safety ratings are cheaper to insure. The safest vehicles protect occupants better and lower rates of occupant injuries translates into fewer and smaller insurance claims passed on to you as lower rates. If the Dodge Grand Caravan is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
  • Being married is a good thing - Having a spouse can actually save you money on your car insurance policy. It means you're less irresponsible and statistics show being married results in fewer claims.
  • Vocation stress can affect rates - Careers like fire fighters, business owners, and emergency personnel generally pay higher average rates due to high stress and lots of time spent away from family. On the other hand, careers such as scientists, athletes and homemakers receive lower rates.
  • Keep the miles off and save - The higher the miles on your Dodge in a year's time the more you'll pay to insure your vehicle. Most companies charge to insure your cars based upon how you use the vehicle. Vehicles that have low annual miles cost less to insure than cars that get driven a lot. An improperly rated Grand Caravan can result in significantly higher rates. Verify your car insurance policy is rated on annual mileage.
  • Liability coverage safeguards assets - The liability section of your policy is the coverage that protects you in the event that you are responsible for physical damage or personal injury to other. Liability insurance provides legal defense which can cost a lot. This coverage is very inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Don't get traffic citations - Only having one moving violation may cause rates to rise forty percent or more. Attentive drivers pay lower auto insurance prices compared to drivers with tickets. Drivers who have license-revoking violations such as DUI or reckless driving may face state-mandated requirements to maintain a SR-22 with their state DMV in order to prevent a license revocation.

    The illustration below illustrates how traffic citations and at-fault claims can impact Dodge Grand Caravan auto insurance rates for different age groups of insureds. The data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

  • Affects performance affects auto insurance rates - The make and model of the vehicle you own makes a substantial difference in the rate you pay. The lowest rates tend to be for low performance passenger models, but that's not the only thing that factors into the final price.

    The data below is based on a married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. The chart compares Dodge Grand Caravan policy rates compared to other vehicles that have a range of performance rating factors.

  • Insurance loss statistics a Dodge Grand Caravan - Insurance companies use data from past claims to help calculate a profitable premium price. Vehicles that have increased claim numbers or amounts will have increased rates.

    The data below shows the insurance loss data for Dodge Grand Caravan vehicles. For each type of coverage, the claim amount for all vehicles averaged together is set at 100. Percentage numbers below 100 indicate better than average losses, while percentage values above 100 indicate more frequent losses or statistically larger losses.

    Insurance Loss Ratings for Dodge Grand Caravan Vehicles
    Specific Dodge Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Dodge Grand Caravan 79 104 81 108 108 107

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Dodge Grand Caravan detailed coverage information

The rate table displayed below showcases a range of policy rates for Dodge Grand Caravan models. Learning a little about how insurance premiums are formulated can help guide drivers when making decisions on the best policy coverages.

Dodge Grand Caravan Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $156 $264 $430 $26 $128 $1,004 $84
Grand Caravan SE $156 $264 $430 $26 $128 $1,004 $84
Grand Caravan Hero $156 $322 $430 $26 $128 $1,062 $89
Grand Caravan Crew $176 $322 $430 $26 $128 $1,082 $90
Grand Caravan SXT $176 $322 $430 $26 $128 $1,082 $90
Get Your Own Custom Quote Go

Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Prices do not factor in vehicle location which can influence auto insurance rates significantly.

Can higher deductibles save money?

One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The comparison tables below approximate the difference in cost of buying low and high policy deductibles. The first set of rates uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.

Dodge Grand Caravan insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $294 $408 $382 $22 $114 $1,245 $104
Grand Caravan SE $294 $408 $382 $22 $114 $1,245 $104
Grand Caravan Hero $294 $496 $382 $22 $114 $1,333 $111
Grand Caravan Crew $332 $496 $382 $22 $114 $1,371 $114
Grand Caravan SXT $332 $496 $382 $22 $114 $1,371 $114
Get Your Own Custom Quote Go
Dodge Grand Caravan insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $182 $256 $382 $22 $114 $956 $80
Grand Caravan SE $182 $256 $382 $22 $114 $956 $80
Grand Caravan Hero $182 $312 $382 $22 $114 $1,012 $84
Grand Caravan Crew $206 $312 $382 $22 $114 $1,036 $86
Grand Caravan SXT $206 $312 $382 $22 $114 $1,036 $86
Get Your Own Custom Quote Go

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium costs do not factor in specific Plano garaging location which can increase or decrease insurance rates considerably.

Based on these figures, using a $250 deductible will cost you approximately $26 more each month or $312 for a full year than choosing the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 29 months between claim filings, you would save more money by selecting a higher deductible.

Does full coverage make sense?

The example below shows the comparison of Dodge Grand Caravan insurance costs with full coverage and liability only. The premiums assume a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop full coverage

There isn't a written rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let's say your Dodge Grand Caravan replacement cost is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after you pay the deductible. If you are paying in excess of $800 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where removing full coverage is not a good plan. If you still have a lienholder on your title, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Car insurance policy discounts for Dodge Grand Caravan insurance in Plano

Insuring your vehicles can cost a lot, but you might find some hidden discounts that can help lower your rates. Certain credits will be shown at the time you complete a quote, but less common discounts must be requested specifically in order for you to get them.Save money with discounts

  • Early Payment Discounts - If you can afford to pay the entire bill instead of paying each month you can avoid monthly service charges.
  • Bundled Policy Discount - If you combine your home and auto policies with the same insurance company they may give you a discount of at least 10 to 15 percent or more.
  • Anti-lock Brakes - Cars, trucks, and SUVs with ABS braking systems or traction control have fewer accidents and qualify for as much as a 10% discount.
  • College Student - Youth drivers who are enrolled in a college that is more than 100 miles from Plano and won't have access to an insured vehicle can receive lower rates.
  • Government Employee Discount - Having worked for a branch of the government could qualify for a slight premium decrease with some car insurance companies.
  • One Accident Forgiven - Not a discount per se, but some companies like Progressive, Allstate, and Liberty Mutual allow you one accident before your rates go up so long as you are claim-free for a particular time prior to the accident.

Consumers should know that most credits do not apply to your bottom line cost. Most only reduce specific coverage prices like liability and collision coverage. So even though it sounds like you can get free auto insurance, companies don't profit that way.

The diagram below visualizes the comparison of Dodge Grand Caravan yearly insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no claims or driving citations, Texas state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, multi-policy, multi-car, marriage, and homeowner discounts applied.

Car insurance companies who may offer some of the above discounts possibly include:

If you need affordable Plano car insurance quotes, ask every company which discounts they offer. Depending on the company, some discounts may not apply in your state. For a list of providers that have a full spectrum of discounts in Plano, click here.

How to find a good Plano car insurance company

Choosing a highly-rated insurance provider can be a challenge considering how many choices you have in Plano. The company rank data in the next section may help you select which providers to look at comparing rates with.

Top 10 Plano Car Insurance Companies Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Plano Car Insurance Companies by A.M. Best Rank

  1. Travelers - A++
  2. USAA - A++
  3. GEICO - A++
  4. State Farm - A++
  5. Titan Insurance - A+
  6. Esurance - A+
  7. Progressive - A+
  8. The Hartford - A+
  9. Allstate - A+
  10. Nationwide - A+

A conclusion for your auto insurance search

Discount Dodge Grand Caravan insurance in Plano can be found from both online companies in addition to many Plano insurance agents, so get free Plano car insurance quotes from both of them to have the best rate selection. Some auto insurance companies may not offer online rate quotes and most of the time these smaller providers prefer to sell through local independent agencies.

As you prepare to switch companies, it's very important that you do not skimp on critical coverages to save a buck or two. Too many times, drivers have reduced uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost and still be able to protect your assets.

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