Have you had enough of being strong-armed to insure your Dodge every month? You are no different than many other drivers.
You have multiple insurance companies to choose from, and although it’s nice to have multiple companies, having more insurers makes it harder to find the lowest rates.
You should make it a habit to price shop coverage yearly since insurance rates fluctuate regularly. Even if you think you had the best deal for Grand Caravan coverage a few years ago a different company probably has better rates today. There is too much inaccurate information about auto insurance on the internet, so I’m going to show you some great ways to slash your auto insurance rates.
Shopping for cheaper insurance coverage can be fairly easy. In a nutshell, every driver who has to buy insurance will be able to find better rates. Nevertheless, car owners can benefit by having an understanding of the way insurance companies compete online and take advantage of how the system works.
Car insurance is not cheap, but you may find discounts that you may not know about. Larger premium reductions will be automatically applied when you purchase, but a few need to be asked for prior to receiving the credit.
As a disclaimer on discounts, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce individual premiums such as comprehensive or collision. Just because it seems like adding up those discounts means a free policy, insurance companies aren’t that generous. But any discount will cut your overall premium however.
For a list of insurers with discount insurance rates, follow this link.
When choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different and your policy should reflect that. For example, these questions can aid in determining whether your personal situation would benefit from professional advice.
If it’s difficult to answer those questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.
Understanding the coverages of your insurance policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages available from insurance companies.
Comprehensive insurance – Comprehensive insurance coverage pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like a broken windshield, hitting a bird, vandalism, falling objects and damage from flooding. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your Dodge Grand Caravan.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Liability coverages – Liability insurance provides protection from damage that occurs to people or other property in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Another option is a combined single limit or CSL which provides one coverage limit without having the split limit caps.
Liability can pay for things like attorney fees, emergency aid, structural damage and medical services. How much coverage you buy is a personal decision, but buy as large an amount as possible.
Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims such as crashing into a building, sideswiping another vehicle, hitting a parking meter, driving through your garage door and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to bring the cost down.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for immediate expenses for surgery, X-ray expenses, EMT expenses, dental work and ambulance fees. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Cheap 1999 Dodge Grand Caravan insurance is definitely available online and also from your neighborhood agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not provide online quoting and these smaller companies work with independent agents.
As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. There are many occasions where an accident victim reduced comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your aim should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.
We’ve covered many ways to compare insurance prices online. The most important thing to understand is the more quotes you get, the better your comparison will be. Consumers may even find the lowest premiums are with a smaller regional carrier. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Geico and State Farm.