Buying cheaper coverage for a Dodge Grand Caravan doesn’t take too much effort, but it relies on a large number of rating criteria such as driver age, your credit history, and blemishes on your driving record. Louisiana drivers will pay on average $1,007 annually to insure their Grand Caravan, but that amount is an approximation using a 40-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
The issue with using an average estimated rate is the likelihood you are not 40 years old and maybe not even female, single instead of married, and maybe you want higher deductibles. Having what appears to be a very minor change in rating criteria could end up in a significant change in the cost of insurance.
This illustrates why the way we recommend to find cheap car insurance rates for your Dodge is to put in the effort to do a thorough rate comparison.
The specific trim level has an effect on the cost of insurance, so the price to insure a Grand Caravan CV model will be $92 less expensive the price to insure the higher-priced Grand Caravan SXT trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$190||$306||$488||$28||$146||$1,158||$97|
|Grand Caravan SE||$190||$306||$488||$28||$146||$1,158||$97|
|Grand Caravan Hero||$190||$372||$488||$28||$146||$1,224||$102|
|Grand Caravan Crew||$216||$372||$488||$28||$146||$1,250||$104|
|Grand Caravan SXT||$216||$372||$488||$28||$146||$1,250||$104|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium costs do not factor in specific location which can lower or raise insurance rates considerably.
Comparing rates for budget insurance is easier said than done, and finding out which companies have the lowest-priced insurance rates for a Dodge Grand Caravan takes additional perseverance.
Each auto insurer uses slightly different criteria to set premium rates, so we need to take a look at the insurance companies that tend to have lower prices in New Orleans, LA. It’s important that readers know that New Orleans, LA insurance rates are influenced by many factors that can increase the price you pay. Simply getting older, marrying your spouse, or getting a couple of tickets can produce rate changes resulting in some rates now being more expensive than others.
Cheap Insurance Rates for Your Dodge
|Rank||Company||Cost Per Year|
|6||Southern Farm Bureau||$2,248|
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USAA normally has some of the best car insurance rates in New Orleans at around $1,642 a year. This is $772 less than the average premium paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway also rank well as some of the best New Orleans, LA insurance companies.
As illustrated above, if you are insured with Progressive and switched to USAA, you may realize savings of approximately $285. Drivers with GEICO may save as much as $323 a year, and Safeway customers might reduce rates by $556 a year.
Be aware that those policy rates are averaged across all types of insureds and vehicles and do not take into consideration a specific vehicle garaging location for a Dodge Grand Caravan. So the car insurance company that is best for you may not even be in the list above. That helps illustrate why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
The information below shows how choosing a deductible can change insurance costs when trying to find cheap insurance for a Dodge Grand Caravan. The rate quotes are based on a married female driver, full physical damage coverage, and no discounts are factored in.
A 50-year-old driver could lower rates by $392 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $596 by choosing a $1,000 deductible. Even younger drivers, such as the Age 20 example, could shave as much as $978 annually by selecting a higher deductible.
When using a larger deductible, it is necessary to have spare funds to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Full coverage rates vs. liability-only in New Orleans
Saving on insurance should be important to most vehicle owners, and one of the easiest ways to pay less for insurance for a Dodge Grand Caravan is to not insure for full coverage. The illustration below compares insurance prices with and without physical damage coverage. The information is based on no violations or accidents, $250 deductibles, single marital status, and no additional discounts are factored in.
If averaged out across all ages, comp and collision coverage costs $2,683 per year over having just liability coverage. At some point, almost every driver questions if buying full coverage is a waste of money. There is no set rule of when to exclude full coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
There are a few cases where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
How to find more affordable auto insurance for a Dodge Grand Caravan
The list below shows a few money-saving ideas that can help New Orleans drivers quote low-cost car insurance.
- Save money by insuring older vehicles for liability only
- Buy vehicles with five-star safety ratings
- Do not get tickets or violations
- Good credit can help you save money
- Raise your physical damage coverage deductibles
- Maintain a safe distance and avoid accidents
- Compare quotes from other companies often
The last idea is highly vital, as was noted in this article. Prices charged by auto insurers can change considerably based on profitability, so don’t hesitate to switch companies if a lower-cost policy is available.
We understand brand loyalty, but it’s not a great idea if that dedication is costing lots of money. It only takes a couple minutes to shop around to find cheaper car insurance for a Dodge Grand Caravan in New Orleans.
If you aren’t sure which coverage to buy and prefer to have a little guidance when trying to find lower insurance rates for a Dodge Grand Caravan, the agents listed below are willing to answer your questions and help you decide which policy is best. To locate a New Orleans auto insurance agent in your neighborhood, click the button at the bottom of the list or click here to compare price quotes now.
Pappalardo Agency, Inc.
145 Robert E Lee Blvd #202 – New Orleans, LA 70124 – (504) 486-7441
Southern Insurance Agency, LLC
725 Magazine St E – New Orleans, LA 70130 – (504) 528-9242
Charles Hemmans – State Farm Insurance Agent
4611 S Carrollton Ave – New Orleans, LA 70119 – (504) 313-5498
Robert Sheard Insurance
1601 Gordon St – New Orleans, LA 70117 – (504) 947-3044