Cheapest Dodge Grand Caravan Insurance in New Orleans

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Would you like to stop wasting money and find more affordable Dodge Grand Caravan insurance in New Orleans? Purchasing lower priced New Orleans Dodge Grand Caravan insurance quotes online might seem somewhat difficult for beginners to price shopping online. Since there are so many companies competing online, how are people expected to have a chance to compare each option to find the best available rates?

Steps to finding more affordable Dodge Grand Caravan insurance in New Orleans

If your goal is the lowest price, then the best way to get more affordable Dodge Grand Caravan insurance in New Orleans is to compare prices at least once a year from insurance carriers who provide car insurance in Louisiana. Prices can be compared by following these steps.

Step 1: Try to learn about how companies price auto insurance and the things you can control to drop your rates. Many factors that result in higher prices such as your driving record and a less-than-favorable credit history can be amended by being financially responsible and driving safely.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from multiple insurance companies.

Step 3: Compare the new rates to the premium of your current policy to see if cheaper Grand Caravan coverage is available. If you find a lower rate quote and buy the policy, make sure coverage is continuous and does not lapse.

Step 4: Provide notification to your current agent or company of your intention to cancel your current car insurance policy. Submit a down payment and signed policy application for the new coverage. Immediately put the certificate verifying coverage in an easily accessible location in your vehicle.

An important note is that you'll want to make sure you compare the same deductibles and limits on every quote and and to compare as many car insurance companies as possible. This guarantees a level playing field and a complete rate analysis.

Discount Dodge Grand Caravan insuranceRegrettably, a large majority of consumers kept their coverage with the same insurance company for more than four years, and approximately 38% of consumers have never shopped around. With the average insurance premium being $1,847, American drivers could save almost 46.5% each year just by shopping around, but they don't want to spend time to compare other rate quotes.

If you already have coverage, you will be able to shop for the lowest rates using the concepts you're about to learn. Comparing quotes for affordable car insurance policy in New Orleans is easy if you know what you're doing. But Louisiana car owners must comprehend the methods companies use to market insurance on the web because it can help you find the best coverage.

Data for Dodge Grand Caravan insurance

The price information displayed below covers different prices for Dodge Grand Caravan models. Having a good grasp of how auto insurance policy rates are formulated is important for making smart buying decisions.

Dodge Grand Caravan Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $400 $594 $464 $28 $140 $1,626 $136
Grand Caravan SE $400 $594 $464 $28 $140 $1,626 $136
Grand Caravan Hero $400 $722 $464 $28 $140 $1,754 $146
Grand Caravan Crew $452 $722 $464 $28 $140 $1,806 $151
Grand Caravan SXT $452 $722 $464 $28 $140 $1,806 $151
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Prices do not factor in New Orleans location which can revise prices significantly.

An analysis of deductible level

One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The figures shown below can help you visualize the rate fluctuation when you buy lower versus higher coverage deductibles. The first set of prices uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.

Dodge Grand Caravan insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $400 $594 $464 $28 $140 $1,651 $138
Grand Caravan SE $400 $594 $464 $28 $140 $1,651 $138
Grand Caravan Hero $400 $722 $464 $28 $140 $1,779 $148
Grand Caravan Crew $452 $722 $464 $28 $140 $1,831 $153
Grand Caravan SXT $452 $722 $464 $28 $140 $1,831 $153
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Dodge Grand Caravan insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $222 $312 $464 $28 $140 $1,166 $97
Grand Caravan SE $222 $312 $464 $28 $140 $1,166 $97
Grand Caravan Hero $222 $380 $464 $28 $140 $1,234 $103
Grand Caravan Crew $250 $380 $464 $28 $140 $1,262 $105
Grand Caravan SXT $250 $380 $464 $28 $140 $1,262 $105
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in garaging location in New Orleans which can increase or decrease coverage prices considerably.

Based on this data, using a $100 deductible will cost in the ballpark of $45 more each month or $540 for a full year across all Dodge Grand Caravan models than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 20 months between claim filings, you would save money if you choose the higher deductible.

The example below demonstrates how choosing different deductibles and can increase or decrease Dodge Grand Caravan premium costs for each age group. Data assumes a single male driver, full physical damage coverage, and no discounts are factored in.

Does full coverage make sense?

The diagram below visualizes the comparison of Dodge Grand Caravan insurance rates when comparing full coverage to liability only. The rates are based on no violations or claims, $250 deductibles, marital status is single, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There isn't a steadfast formula to eliminate physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Dodge Grand Caravan settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $2,000 after paying your policy deductible. If you are paying over $200 a year to have full coverage, then you might want to consider buying only liability coverage.

There are a few situations where only buying liability is not advised. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Get More Affordable Auto Insurance with These Tips

Multiple criteria are part of the calculation when you quote your car insurance policy. Some are obvious like a motor vehicle report, but other criteria are less obvious such as whether you are married or how financially stable you are. A large part of saving on auto insurance is knowing some of the elements that come into play when calculating auto insurance rates. When you know what positively or negatively determines premiums, this helps enable you to make changes that can earn you better auto insurance rates.

The items below are some of the most common factors utilized by car insurance companies to help set rates.

Save money by having multiple policies - The majority of auto insurance companies will give better rates to buyers that have more than one policy. It's known as a multi-policy discount. The discount can be ten percent or more. Even if you're getting this discount drivers will still want to shop around to guarantee you are still saving the most. Drivers may still save money by buying auto insurance from a different company.

Discounts for married couples - Having a significant other may cut your premiums when buying auto insurance. Having a significant other is viewed as being more mature than a single person and statistics show married drivers tend to have fewer serious accidents.

Big city or small town - Residing in a rural area is a positive aspect when trying to find low car insurance rates. Fewer drivers and short commutes translates into fewer accident claims as well as less vandalism and auto theft. Drivers in populated Louisiana areas have more traffic problems and much longer commute distances. Spending more time driving means more chances of being involved in an auto accident.

Physical damage deductibles - Your deductibles are the amount of money you are willing to pay if you file a covered claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are colliding with a stationary object, vandalism, and damage from wind. The more you are required to pay out-of-pocket, the less your company will charge you for insurance.

Does your employer cost you more? - Occupational choices like military personnel, executives, and stock brokers have higher premium rates due to high stress and extremely grueling work hours. Conversely, careers such as farmers, students and retirees receive lower rates.

Choose high NHTSA crash test ratings and save - Cars with high safety ratings get lower rates. Highly rated vehicles reduce the chance of injuries and fewer injuries translates into savings for insurance companies and thus lower rates. If your Dodge Grand Caravan scored at minimum four stars on Safercar.gov it is probably cheaper to insure.

Insurance loss probability for a Dodge Grand Caravan - Car insurance companies analyze the history of losses when they set coverage costs for each model. Vehicles that have increased losses will have higher rates.

The table below outlines the loss history for Dodge Grand Caravan vehicles. For each policy coverage type, the loss probability for all vehicles, as an average, is represented as 100. Numbers under 100 mean the vehicle has better than average losses, while values over 100 show a trend for more claims or larger claims.

Dodge Grand Caravan Insurance Loss Statistics
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Grand Caravan 79 104 81 108 108 107
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Find affordable rates by being thorough

We've covered some good ideas how to lower your Dodge Grand Caravan insurance rates in New Orleans. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the most savings is with a small mutual company. Smaller companies may cover specific market segments cheaper than their larger competitors like State Farm, GEICO and Nationwide.

As you shop your coverage around, don't be tempted to skimp on critical coverages to save a buck or two. There are too many instances where consumers will sacrifice liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. Your goal should be to find the BEST coverage at a price you can afford, but don't skip important coverages to save money.

Affordable Dodge Grand Caravan insurance in New Orleans can be found both online and also from your neighborhood New Orleans agents, and you need to price shop both in order to have the best chance of saving money. Some companies may not have the ability to get a quote online and many times these smaller companies provide coverage only through independent insurance agencies.

How to save money on Dodge Grand Caravan insurance in New Orleans

If your goal is the lowest price, then the best way to get budget Dodge Grand Caravan insurance in New Orleans is to compare prices regularly from different companies in Louisiana. You can compare rates by completing these steps.

  1. Get a basic knowledge of coverages and the things you can change to keep rates low. Many things that cause rate increases like tickets, at-fault accidents, and a substandard credit history can be eliminated by making minor changes in your lifestyle.
  2. Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO and Allstate, while agents who are independent can provide rate quotes for many different companies.
  3. Compare the quotes to your existing coverage and see if you can save money. If you can save some money and switch companies, make sure coverage does not lapse between policies.
  4. Notify your agent or company to cancel your current auto insurance policy. Submit the required down payment along with the signed application to your new agent or company. Immediately upon receiving it, place the new proof of insurance certificate in an easily accessible location.

One key aspect when comparing rates is to try to use similar coverage information on each price quote and and to analyze as many different companies as possible. Doing this ensures a level playing field and a thorough selection of prices.

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