1998 Dodge Caravan Car Insurance Rates – 10 Ways to Save

Have you fallen victim to an overpriced insurance coverage policy? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. Having so many insurance coverage companies to choose from, it’s nearly impossible to find the cheapest insurer.

You should take the time to take a look at other company’s rates quite often because prices are variable and change quite frequently. Just because you had the best deal on Caravan coverage on your last policy other companies may now be cheaper. Forget all the misinformation about insurance coverage because you’re about to find out the proper way to save money, get proper deductibles and limits, all at the lowest rate.

Lower rates by qualifying for these ten discounts

The price of auto insurance can be rather high, but you can get discounts that you may not even be aware of. Larger premium reductions will be automatically applied at the time you complete a quote, but a few must be specifically requested prior to getting the savings. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Fewer Miles Equal More Savings – Low mileage vehicles could qualify for better rates on cars that stay parked.
  • Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Caravan coverage than drivers with accidents.
  • No Charge for an Accident – Certain companies permit an accident without raising rates so long as you haven’t had any claims prior to the accident.
  • Multiple Policy Discount – When you combine your home and auto insurance with one company you will save 10% to 20% off each policy.
  • Discount for New Cars – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • Safety Course Discount – Taking a course in driver safety could cut 5% off your bill depending on where you live.
  • Clubs and Organizations – Participating in certain professional organizations is a good way to get lower rates on insurance on Caravan coverage.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to take driver’s ed class in high school.
  • Anti-lock Brake Discount – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. But all discounts will reduce the cost of coverage.

For a list of insurance companies offering insurance discounts, click here to view.

The easiest way to get policy rate comparisons takes advantage of the fact auto insurance companies allow for online access to compare their rates. To get started, all you need to do is give them rating details such as what your job is, how your vehicles are used, how old drivers are, and how much education you have. Your insurance information is instantly sent to insurance carriers in your area and they return rate quotes with very little delay.

To check rates for your 1998 Dodge Caravan, click here and find out if you can get cheaper insurance.

Car insurance is unique, just like you

When choosing the best auto insurance coverage for your personal vehicles, there is no single plan that fits everyone. Each situation is unique so your insurance needs to address that. For example, these questions could help you determine whether or not you might need an agent’s assistance.

  • What is medical payments coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • When can my company non-renew my policy?
  • Is pleasure use cheaper than using my 1998 Dodge Caravan to commute?
  • Are rock chip repairs covered?
  • How can I get high-risk coverage after a DUI?
  • Am I covered if I hit my neighbor’s mailbox?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Specific coverage details

Learning about specific coverages of your car insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages available from car insurance companies.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for immediate expenses like pain medications, nursing services and surgery. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your 1998 Dodge Caravan.

Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

Liability – Liability insurance protects you from damage that occurs to other people or property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.

Liability insurance covers things like legal defense fees, medical services and repair bills for other people’s vehicles. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision coverage – Collision insurance covers damage to your Caravan from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, sideswiping another vehicle and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like hail damage, a tree branch falling on your vehicle, fire damage and damage from getting keyed. The maximum payout your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

One last thing

While you’re price shopping online, it’s a bad idea to buy less coverage just to save a little money. In many cases, someone sacrificed physical damage coverage and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

We just showed you many ways to lower your 1998 Dodge Caravan insurance rates. It’s most important to understand that the more times you quote, the better your comparison will be. Consumers may even find the lowest priced insurance comes from a smaller regional carrier. Smaller companies may cover specific market segments cheaper than their larger competitors like Progressive and Geico.

Budget-conscious insurance can be purchased both online as well as from independent agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies don’t offer online price quotes and these small insurance companies work with independent agents.

To learn more, take a look at the resources below: