How Much Does 2007 Dodge Caravan Insurance Cost?

Trying to find the cheapest insurance coverage rates? Buyers have options when searching for the lowest priced Dodge Caravan insurance. They can either spend hours struggling with agents to get rate comparisons or leverage the internet to find the lowest rates.

There are both good and bad ways to compare insurance coverage rates so we’re going to tell you the best way to price shop coverage for your Dodge and get the lowest price either online or from local insurance agents.

You need to check insurance coverage prices every six months because prices go up and down regularly. Just because you found the lowest price for Caravan insurance on your last policy you can probably find a lower rate today. So just block out anything you think you know about insurance coverage because you’re going to learn the only way to reduce your cost while increasing coverage.

If you have a policy now or are looking for a new policy, you can use these tips to reduce the price you pay while maximizing coverage. The purpose of this article is to introduce you to the best way to quote coverages and some tips to save money. Consumers just need to learn how to get comparison rates over the internet.

The fastest way that we advise to get policy rate comparisons is to understand all the major auto insurance companies participate in online systems to provide you with free rate quotes. The only thing you need to do is provide a small amount of information including if you have an active license, any included safety features, the ages of drivers, and whether your vehicle is owned or leased. Your details gets transmitted to insurance companies and they return rate quotes within a short period of time.

Cut prices on 2007 Dodge Caravan insurance

Insuring your vehicles can cost a lot, but you can get discounts to cut the cost considerably. Certain discounts will be applied when you purchase, but some must be specifically requested before you will receive the discount. If you aren’t receiving every discount possible, you are throwing money away.

  • Driver Safety – Successfully completing a driver safety course can save you 5% or more and easily recoup the cost of the course.
  • Government Employees – Active or retired federal employment could cut as much as 10% off for Caravan insurance with a few insurance companies.
  • Anti-theft System – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts could cut 10% or more off your medical payments premium.
  • Drive Safe and Save – Insureds without accidents can pay as much as 50% less for Caravan insurance than drivers with accident claims.
  • Low Mileage Discounts – Keeping the miles down on your Dodge could be rewarded with lower rates on the low mileage vehicles.
  • Save over 55 – Older drivers may be able to get reduced rates for Caravan insurance.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It can save you around 10%.
  • Own a Home – Owning a home can save you money because maintaining a house is proof that your finances are in order.

A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like you could get a free insurance policy, insurance companies aren’t that generous. But all discounts will cut your premiums.

A partial list of companies that may have these money-saving discounts are:

Double check with every prospective company how you can save money. All car insurance discounts may not apply in every state.

Dodge Caravan insurance rates consist of many parts

It’s important that you understand the factors that come into play when calculating your car insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that could result in big savings.

The list below includes some of the factors companies use to determine premiums.

  • A clean driving record saves money – A bad driving record has a big impact on rates. Even one moving violation can boost insurance rates by twenty percent. Careful drivers tend to pay less for car insurance than bad drivers. If you have serious violations like reckless driving, hit and run or driving under the influence may find they need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to continue driving.
  • Do you know you’re credit rating? – Credit rating is a huge factor in calculating your car insurance rates. People with excellent credit tend to be more responsible as compared to drivers with lower credit scores. Therefore, if your credit score can use some improvement, you could pay less to insure your 2007 Dodge Caravan by improving your rating.
  • Keep rates low by being claim-free – Car insurance companies give lower rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Car insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Never allow your policy to lapse – Driving without insurance is against the law and your next policy will cost more because you let your insurance expire. And not only will insurance be more expensive, getting caught without coverage will get you a steep fine or even jail time.You may have to prove you have insurance by filing a SR-22 with your state department of motor vehicles.
  • More than one policy can earn a discount – Most companies will give a discount to customers who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount you still need to compare rates to ensure the best deal. You may still be able to find a better deal by insuring with multiple companies.
  • Drive less and save money – The more miles you rack up on your Dodge in a year the more you will pay for car insurance. Most insurance companies charge to insure your cars based upon how you use the vehicle. Autos not used for work or commuting get more affordable rates than vehicles that are driven to work every day. Having the wrong rating on your Caravan can result in significantly higher rates. Ask your agent if your car insurance policy is rated on how each vehicle is driven.
  • Having a spouse can save you money – Having a wife or husband actually saves money on your car insurance policy. Having a spouse is viewed as being more mature and responsible and statistics show married drivers get in fewer accidents.

Tailor your coverage to you

When buying proper insurance coverage for your vehicles, there really is not a perfect coverage plan. Every situation is different.

These are some specific questions may help you determine whether your personal situation would benefit from professional advice.

  • When should I remove comp and collision on my 2007 Dodge Caravan?
  • When would I need additional glass coverage?
  • Does my liability insurance cover pulling a trailer or camper?
  • Should I put collision coverage on all my vehicles?
  • Does my insurance cover a custom paint job?
  • Is my dog or cat covered if injured in an accident?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form. It is quick, free and can provide invaluable advice.

Do insurance companies bend the truth?

Consumers can’t get away from ads for cheaper car insurance from the likes of Allstate, Geico and Progressive. All the companies make the same claim that you’ll save big if you move your coverage to them.

But how can every company claim to save you money?

Insurance companies are able to cherry pick for the driver that makes them money. For instance, a profitable customer might be profiled as between the ages of 30 and 50, a clean driving record, and chooses high deductibles. A propective insured who matches those parameters gets the lowest rates and therefore will save quite a bit of money when switching.

Drivers who don’t measure up to the requirements must pay a more expensive rate and this can result in business going elsewhere. The ad wording is “customers who switch” but not “drivers who get quotes” save money. That’s the way insurance companies can advertise the savings.

This illustrates why drivers must quote coverage with many companies. It’s impossible to know which company will have the lowest Dodge Caravan insurance rates.

Specifics of your car insurance policy

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Liability car insurance

This provides protection from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.

Liability can pay for things such as loss of income, repair costs for stationary objects, structural damage and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

UM/UIM Coverage

Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Dodge Caravan.

Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like surgery, hospital visits and nursing services. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as fire damage, falling objects, theft and hitting a deer. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Collision protection

Collision coverage will pay to fix damage to your Caravan resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like rolling your car, backing into a parked car and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.

Be a smart shopper

Drivers who switch companies do it for many reasons like delays in paying claims, policy cancellation, unfair underwriting practices and denial of a claim. It doesn’t matter why you want to switch finding a great new company is less work than it seems.

Lower-priced 2007 Dodge Caravan insurance can be purchased on the web and also from your neighborhood agents, and you need to price shop both to have the best rate selection. Some insurance coverage companies may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

When shopping online for insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many cases where an insured cut collision coverage and discovered at claim time that the savings was not a smart move. The ultimate goal is to purchase a proper amount of coverage at the best price, not the least amount of coverage.

More detailed insurance coverage information is located by following these links: