2007 Dodge Caravan Insurance Cost – 7 Tips for Cheapest Prices

Trying to find cheaper insurance rates for your Dodge Caravan? Comparing car insurance rates is not a chore consumers look forward to, but all states require it before you can legally be on the road.

You need to compare rates occasionally since insurance rates change quite often. Just because you found the best price for Caravan insurance two years ago you can probably find a better price now. Starting right now, block out anything you think you know about insurance because we’re going to show you the tricks you need to know to save money, get proper coverage and the best rates.

How to save on Dodge Caravan insurance

The price of auto insurance can be rather high, but companies offer discounts that can drop the cost substantially. A few discounts will automatically apply when you complete an application, but less common discounts must be specifically requested before you get the savings.

  • Sign Early and Save – Select companies give a discount for switching to them before your current expiration date. It can save you around 10%.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • Accident Forgiveness – Certain companies will forgive one accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
  • Memberships – Being a member of a qualifying organization may earn a discount when buying auto insurance for Caravan insurance.
  • Distant Student – Children living away from home attending college and do not have access to a covered vehicle can receive lower rates.

Drivers should understand that some of the credits will not apply to all coverage premiums. Most only cut specific coverage prices like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, it just doesn’t work that way. Any qualifying discounts will help reduce your premiums.

For a list of insurers with discount auto insurance rates, click here.

Free Quotes for Auto Insurance

Performing a rate comparison can be challenging if you don’t utilize the easiest way. You can spend countless hours talking to insurance companies in your area, or you could use the internet to get rate comparisons in just a few minutes.

Most of the larger companies belong to an insurance system that enables customers to enter their policy data once, and at least one company can give them a price based on that data. This system prevents you from having to do quote requests to each company.

To access this free quoting program, click here to open in new window.

The single downside to comparing rates this way is that you can’t choose the companies to get pricing from. So if you want to select specific providers to compare rates, we have a listing of auto insurance companies in your area. Click to view list.

Whichever way you use, make absolute certain that you use identical coverages on every quote. If you are comparing different limits and deductibles on each one it will be impossible to find the best deal for your Dodge Caravan. Quoting even small variations in coverage limits can mean a large discrepancy in price. Just keep in mind that comparing more company’s prices will improve the odds of getting the best price.

Tailor your coverage to you

When choosing the best car insurance coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique.

These are some specific questions can aid in determining if your insurance needs may require specific advice.

  • Does my policy cover my teen driver if they drive my company car?
  • When can I cancel my policy?
  • Does coverage extend to my business vehicle?
  • Does my personal policy cover me when driving out-of-state?
  • What happens if I owe more than my 2007 Dodge Caravan is worth?
  • Can I afford to buy a different vehicle if my 2007 Dodge Caravan is totaled?
  • Can my babysitter drive my car?
  • What is the minimum liability in my state?
  • Does insurance cover tools stolen from my truck?

If you’re not sure about those questions, you may need to chat with an insurance agent. To find an agent in your area, complete this form.

Insurance policy coverages for a 2007 Dodge Caravan

Having a good grasp of your insurance policy aids in choosing the best coverages and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for expenses for ambulance fees, pain medications, funeral costs, hospital visits and dental work. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Coverage for liability

Liability insurance can cover injuries or damage you cause to other’s property or people. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as bail bonds, structural damage and pain and suffering. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.

Collision coverage

This coverage pays for damage to your Caravan resulting from a collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like sideswiping another vehicle, scraping a guard rail, colliding with another moving vehicle and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, damage from flooding, damage from a tornado or hurricane and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Normally these limits are identical to your policy’s liability coverage.

Save for a rainy day

We just covered many ways to save on 2007 Dodge Caravan insurance. The key concept to understand is the more price quotes you have, the higher your chance of finding lower rates. Drivers may discover the lowest premiums are with an unexpected company.

Budget-conscious insurance is possible both online in addition to many insurance agents, so compare prices from both so you have a total pricing picture. A few companies do not provide online price quotes and most of the time these small, regional companies sell through independent agents.

Insureds switch companies for many reasons like lack of trust in their agent, policy cancellation, delays in paying claims or even high rates after DUI convictions. Whatever your reason, choosing a new insurance company can be less work than you think.

Additional information