Compare Dodge Grand Caravan Insurance Quotes in Louisville

Insurance rates Dodge Grand Caravan in LouisvilleAre you regretting the purchase of an under-performing, overpriced car insurance policy? You’re in good company because many Louisville drivers feel the same as you.

It’s well known that auto insurance companies want to keep you from shopping around. Insureds who do rate comparisons are likely to switch companies because they have good chances of finding good coverage at a lower price. A recent car insurance study revealed that consumers who compared price quotes annually saved about $3,500 over four years compared to policyholders who didn’t regularly shop around.

If finding the most affordable auto insurance in Louisville is the reason you’re reading this, understanding how to quote and compare insurance can make shopping around easier. Insurance companies such as GEICO and Progressive all promote huge savings with catchy ads and it is difficult to avoid their marketing magic and do the work needed to find the best deal.

Compare free Louisville Dodge Grand Caravan insurance quotes

Finding more affordable Dodge Grand Caravan insurance rates is an easy way to save money. The only requirement is to take time comparing free Louisville car insurance quotes to find the company with the cheapest Dodge Grand Caravan rate quotes.

Getting free price quotes online is quite simple, and it takes the place of having to spend your day driving to each insurance agency near you. The fact that you can get quotes online eliminates the middleman unless you have a complicated situation and need the professional assistance of a local agency. Although, it is possible find lower rates online and get advice from an agent in your area.

The companies in the list below can provide price comparisons in Kentucky. If you wish to find cheap car insurance in Louisville, KY, it’s highly recommended you visit two to three different companies to find the most competitive car insurance rates.

Rates and other information

The information shown below highlights different insurance premium costs for Dodge Grand Caravan models. Learning how car insurance premiums are formulated can be of help when making smart buying decisions.

Dodge Grand Caravan Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $176 $276 $368 $22 $110 $952 $79
Grand Caravan SE $176 $276 $368 $22 $110 $952 $79
Grand Caravan Hero $176 $336 $368 $22 $110 $1,012 $84
Grand Caravan Crew $200 $336 $368 $22 $110 $1,036 $86
Grand Caravan SXT $200 $336 $368 $22 $110 $1,036 $86
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate quotes do not factor in specific Louisville garaging location which can affect coverage prices significantly.

Raise deductibles and save

One of the more difficult decisions when buying auto insurance is where to set your physical damage deductibles. The comparison tables below can help illustrate the costs and benefits when you select higher and lower policy deductibles. The first rate quote example uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

Dodge Grand Caravan insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $252 $350 $326 $20 $98 $1,071 $89
Grand Caravan SE $252 $350 $326 $20 $98 $1,071 $89
Grand Caravan Hero $252 $426 $326 $20 $98 $1,147 $96
Grand Caravan Crew $284 $426 $326 $20 $98 $1,179 $98
Grand Caravan SXT $284 $426 $326 $20 $98 $1,179 $98
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Dodge Grand Caravan insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $206 $282 $326 $20 $98 $932 $78
Grand Caravan SE $206 $282 $326 $20 $98 $932 $78
Grand Caravan Hero $206 $342 $326 $20 $98 $992 $83
Grand Caravan Crew $232 $342 $326 $20 $98 $1,018 $85
Grand Caravan SXT $232 $342 $326 $20 $98 $1,018 $85
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in your specific Louisville location which can raise or lower premiums greatly.

We can estimate from the data above that using a $250 deductible would cost the average driver about $12 more each month or $144 each year across all Dodge Grand Caravan models than requesting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have more than 21 months between claims, you would most likely save money by going with a higher deductible. Here is the way you can come to your own conclusion.

Average monthly premium for $250 deductibles: $94
Average monthly premium for $500 deductibles (subtract): – $82
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One thing to note is that a higher deductible level means you will have to pay more of your own money when you file a claim. You need enough money stashed away in the event you have to pay the higher deductible.

The example below shows how choosing a deductible and can increase or decrease Dodge Grand Caravan annual premium costs for different age categories. The prices are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.

Liability only or full coverage

The example below shows the difference between Dodge Grand Caravan car insurance costs with full physical damage coverage and with liability coverage only. The premiums assume no accidents or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.

Should you be buying full coverage?

There is no specific rule of when to phase out physical damage coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Dodge Grand Caravan book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the deductible is paid. If it’s costing in excess of $700 a year for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where only buying liability is not in your best interest. If you still owe money on your vehicle, 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 if your current one is in an accident, you should not eliminate full coverage.

Protect more than your Grand Caravan

Despite the high cost of buying insurance for a Dodge Grand Caravan in Louisville, buying car insurance may be mandatory for several reasons.

First, just about all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability in order to drive the car legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a lienholder, most lenders will force you to buy full coverage to guarantee their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Dodge at a much higher rate and force you to pay the higher price.

Third, insurance protects both your assets and your car. It will also reimburse you for medical expenses for you, any passengers, and anyone injured in an accident. Liability insurance also pays expenses related to your legal defense if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of buying car insurance definitely exceed the cost, especially if you ever need it. According to a 2015 survey, the average American driver overpays more than $820 a year so it’s very important to do a rate comparison each time the policy renews to be sure current rates are still competitive.

Informed Drivers Save on Insurance

Many things are used when you get a price on insurance. Most are fairly basic such as your driving record, although others are more obscure such as your credit history or your financial responsibility. Consumers need to have an understanding of some of the elements that are used to determine car insurance rates. If you have some idea of what influences your rates, this empowers consumers to make smart changes that will entitle you to better car insurance rates.

Why do you need liability insurance? – Your policy’s liability coverage is the protection if ever you are found liable for causing personal injury or damage in an accident. This coverage provides you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive compared to other policy coverages, so drivers should carry high limits.

Your gender affects premiums – Over the last 30 years, statistics show females are less aggressive when driving. However, don’t assume that females are better at driving than males. Both sexes are in auto accidents at a similar rate, but males have accidents that have higher claims. Men also statistically get ticketed for serious violations like reckless driving and DUI. Male drivers age 16 to 19 are the most expensive to insure so they pay the highest premiums.

The chart below illustrates the difference between Dodge Grand Caravan insurance premiums for male and female drivers. The prices are based on no claims or violations, comp and collision included, $100 deductibles, single marital status, and no discounts are taken into consideration.

Costs and your address – Residing in less populated areas of the country is a positive aspect if you are looking for the lowest rates. Fewer drivers translates into fewer accidents and a lower car theft rate. People who live in big cities regularly have congested traffic and longer commute times. Longer commute distances translates into higher accident risk.

Higher premiums for stressful occupations – Jobs such as military personnel, airline pilots, and miners are shown to have higher premium rates in part from intense work requirements and lots of time spent away from family. Other occupations such as professors, athletes and retirees have lower than average premiums.

Frequent car insurance claims will cost more – Insurance companies in Kentucky award better rates to drivers who do not rely on their insurance for small claims. If you file claims often, you can pretty much guarantee much higher rates or policy non-renewal. Insurance coverage is designed for claims that pose a financial burden.

Youthful drivers pay high rates – Drivers with little experience are known to be inattentive and easily distracted when driving with friends therefore car insurance rates are much higher. More experienced drivers are more responsible, tend to file fewer claims, and get fewer tickets.

The chart below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Comp and collision deductibles are a factor – The deductibles you choose tell how much you are willing to pay before a claim is paid by your company. Physical damage insurance, also known as collision and other-than-collision, is used to repair damage to your car. Examples of covered claims would be colliding with a stationary object, damage caused by hail, or theft of your vehicle. The more expense you pay before a claim is paid (deductible), the better rate you will receive.

Avoid traffic tickets – Having a clean driving record impacts your car insurance rates tremendously. Getting just one citation may cause rates to rise by twenty percent. Drivers with clean records tend to pay less for car insurance than bad drivers. Drivers who have received license-revoking violations like DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 form to the state department of motor vehicles in order to legally drive.

The diagram below highlights how traffic violations and at-fault fender-benders can drive up Dodge Grand Caravan auto insurance rates for each age group. The premiums are based on a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Dodge Grand Caravan claim probability – Insurers factor in insurance loss information in order to profitably underwrite each model. Models that tend to have higher prevalence or dollar amount of losses will have a higher premium rate. The table below shows the collected loss data for Dodge Grand Caravan vehicles.

For each type of coverage, the loss probability for all vehicles as a whole is equal to 100. Values that are 100 or less mean the vehicle has better than average losses, while values over 100 indicate frequent claims or an increased chance of larger losses than average.

Insurance Loss Ratings for Dodge Grand Caravan Vehicles
Vehicle Make and 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

Get discounts on Louisville auto insurance

Some insurers do not advertise all available discounts very well, so the following is a list of some of the more common and also the lesser-known ways to save on auto insurance. If they aren’t giving you every credit possible, you’re just leaving money on the table.Save money with discounts

It’s important to note that most discounts do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, that’s just not realistic. But any discount will help reduce the cost of your policy.

The example below shows the comparison of Dodge Grand Caravan auto insurance rates with and without discounts applied to the policy premium. The price estimates are based on a male driver, no violations or accidents, Kentucky state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, safe-driver, claim-free, marriage, and multi-policy discounts applied.

To see a list of insurers with discount auto insurance rates in Kentucky, click here to view.

When do I need an agent’s advice?

When selecting adequate coverage, there is no one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs and your policy should reflect that.Car insurance savings
For example, these questions may help highlight whether your personal situation could use an agent’s help.

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area. It’s fast, free and may give you better protection.

Local neighborhood insurance agents

A small number of people just prefer to get advice from a local agent and doing that can be a smart decision Most agents can help you choose the best coverages and will help you if you have claims. The best thing about price shopping on the web is that you can find cheap rate quotes and still have an agent to talk to. And buying from local insurance agents is especially important in Louisville.

Insurance agency in LouisvilleUpon completion of this simple form, the quote information is transmitted to local insurance agents in Louisville who will return price quotes for your insurance coverage. There is no reason to leave your house since rate quotes are delivered to you. If for some reason you want to compare prices from a specific insurance company, you would need to visit that company’s website and fill out the quote form the provide.

Finding the right insurance company should include more criteria than just the price. Ask your prospective agent these questions:

Frequent quotes can save

More affordable car insurance in Louisville can be bought on the web and from local insurance agents, and you should compare price quotes from both to have the best rate selection. A few companies do not provide rate quotes online and usually these regional carriers only sell through independent insurance agents.

As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped comprehensive coverage or liability limits and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at the best possible price while still protecting your assets.

How to find lower priced Dodge Grand Caravan insurance in Louisville

If saving money is your primary concern, then the best way to get cheaper auto insurance rates in Louisville is to start comparing prices yearly from companies that sell auto insurance in Kentucky.

First, learn about how auto insurance works and the steps you can take to lower rates. Many things that result in higher prices such as accidents, traffic tickets, and poor credit history can be remedied by making minor changes to your lifestyle.

Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or State Farm, while independent agents can quote prices from multiple insurance companies.

Third, compare the new rates to your current policy to determine if you can save on Grand Caravan insurance. If you can save some money and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide notification to your current agent or company to cancel your current auto insurance policy. Submit a signed application and payment to the new company. As soon as you have the new policy, store the certificate verifying proof of insurance in your glove compartment.

An important part of this process is to try to compare similar coverage information on every price quote and and to get price estimates from every company you can. This provides a fair price comparison and a complete rate analysis.

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