Have you had enough of trying to scrape together enough money to pay auto insurance each month? You’re in the same situation as the majority of other people in Texas.
It’s shocking but the majority of drivers have purchased from the same company for over three years, and just short of a majority have never shopped around. Drivers in San Antonio can save hundreds of dollars each year by just shopping around, but they just feel it’s too hard to find cheap insurance by shopping around. Insurance companies such as State Farm, GEICO and Farmers Insurance continually bombard you with fancy advertisements and it is challenging if not impossible to see through the deception and do the work needed to find the best deal.
If you have coverage now or just want to save money, use these cost-cutting techniques to lower your rates while maximizing coverage. Locating the best insurance company for you in San Antonio is actually not that difficult if you follow our advice. Drivers only need an understanding of the quickest method to compare rates on the web.
What Affects Dodge Grand Caravan Insurance Rates?
One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that help determine your premiums. If you have a feel for what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates. Many things are taken into consideration when pricing auto insurance. Some are obvious such as your driving record, but some are more obscure like where you live or your financial responsibility.
Your age impacts your prices – Older, more experienced drivers are shown to be more cautious, cost insurance companies less in claims, and usually have better credit. Inexperience drivers are statistically shown to be easily distracted when driving so they pay higher car insurance rates.
The following chart uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.
Always keep your policy in force – Letting your insurance expire can be a sure-fire way to increase your rates. And not only will insurance be more expensive, being ticketed for driving with no insurance could result in fines and jail time. You may then be required to file a SR-22 with the Texas DMV.
Having a spouse equates to better rates – Having a spouse may cut your premiums on your car insurance bill. Having a spouse is viewed as being more stable financially and it’s proven that married drivers tend to file fewer claims.
Do you know you’re credit rating? – Having a bad credit rating factor in determining your rates. If your credit history is not that good, you could be paying less to insure your Dodge Grand Caravan by improving your rating. Drivers with excellent credit tend to be better risks to insure than drivers who have poor credit.
High coverage deductibles equal low rates – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Dodge. Some instances where coverage would apply could be running into the backend of another car, flood damage, and having your car stolen. Deductibles for physical damage are the amount of money you are required to spend in the event of a claim. The more of the claim you are required to pay out-of-pocket, the lower your rates will be.
Do you have a stressful vocation? – Do you work in a high-stress field? Careers such as real estate brokers, executives, and stock brokers tend to have higher premiums than the average policyholder in part from high stress and lengthy work days. On the flip side, occupations such as professors, historians and performers generally pay rates lower than average.
Responsible drivers pay the best rates – Having just one speeding ticket may increase your cost by as much as thirty percent. Attentive drivers get better prices as compared to careless drivers. Drivers who have severe violations such as DUI, reckless driving or excessive speeding may find they need to file a SR-22 with their state in order to prevent their license from being revoked.
The diagram below demonstrates how traffic citations and fender-benders increase Dodge Grand Caravan insurance premiums for different age groups of insureds. The rates are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
Extra coverages can cost a lot – There are a lot of additional extra coverages you can purchase on your Grand Caravan policy. Coverages for rental car coverage, high-cost glass coverage, and additional equipment coverage are some examples. They may seem good when deciding what coverages you need, but now you might not need them so consider taking them off your policy.
Dodge Grand Caravan insurance claim data – Insurance companies use past loss statistics for each vehicle as a tool for profitable underwriting. Models that have higher frequency or amount of claims will have higher rates for specific coverages. The table below outlines the insurance loss data used by companies for Dodge Grand Caravan vehicles.
For each policy coverage type, the loss probability for all vehicles averaged together is set at 100. Numbers that are below 100 represent a good loss history, while values over 100 indicate a higher chance of having a claim or larger claims.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Dodge Grand Caravan||79||104||81||108||108||107|
Statistics from IIHS.org for 2013-2015 Model Years
The quickest method to compare insurance rates from multiple companies is to take advantage of the fact auto insurance companies will pay a fee to provide you with a free rate quote. All you need to do is provide information like if you lease or own, how many miles driven, if you have an active license, and how much school you completed. Your rating data is instantly sent to multiple different insurance companies and they provide comparison quotes instantly to find the best rate.
To get price quotes for your Dodge Grand Caravan now, click here and enter your coverage details.
The providers in the list below are ready to provide free quotes in San Antonio, TX. If multiple companies are listed, it’s highly recommended you visit two to three different companies to get the lowest price.
Insurance coverage analysis
The information displayed below showcases a range of policy rates for Dodge Grand Caravan models. Having a good understanding how premiums are calculated can aid in making informed decisions when comparing rate quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$230||$372||$496||$30||$148||$1,276||$106|
|Grand Caravan SE||$230||$372||$496||$30||$148||$1,276||$106|
|Grand Caravan Hero||$230||$452||$496||$30||$148||$1,356||$113|
|Grand Caravan Crew||$260||$452||$496||$30||$148||$1,386||$116|
|Grand Caravan SXT||$260||$452||$496||$30||$148||$1,386||$116|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in specific San Antonio garaging location which can impact coverage prices significantly.
Comparison of car insurance rates by age and gender
The illustration below illustrates the comparison of Dodge Grand Caravan annual premium costs for male and female drivers. The premiums assume a clean driving record, no claims, comp and collision included, $250 deductibles, single marital status, and no other discounts are factored in.
Three main reasons to buy car insurance
Despite the high cost of buying insurance for a Dodge Grand Caravan in San Antonio, maintaining insurance serves several important purposes.
- Almost all states have mandatory liability insurance requirements which means state laws require specific limits of liability protection if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a lienholder, most banks will force you to buy full coverage to guarantee loan repayment. If the policy lapses, the bank may buy a policy for your Dodge at a much higher premium rate and make you pay the higher price.
- Car insurance protects your Dodge and your assets. It will also provide coverage for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of having insurance more than cancel out the cost, especially when you need to use it. According to a recent study, the average American driver is overpaying over $800 each year so you should quote and compare rates at every renewal to make sure the price is not too high.
Affordable Dodge Grand Caravan insurance in San Antonio
Car insurance can cost a lot, but you might already qualify for some discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied at quote time, but lesser-known reductions have to be specifically requested before being credited.
- Renewal Discounts – A few larger companies offer discounts for switching policies prior to your current Grand Caravan insurance policy expiring. This discount can save up to 10%.
- ABS and Traction Control Discounts – Cars, trucks, and SUVs that have steering control and anti-lock brakes are much safer to drive and earn discounts up to 10%.
- 55 and Retired – Mature drivers may qualify for better insurance rates.
- Military Rewards – Having a deployed family member could mean lower premium rates.
- Multi-car Discount – Buying a policy with more than one vehicle with one company can get a discount for every vehicle.
- New Car Discount – Insuring a vehicle that is new can save you some money because new model year vehicles have to meet stringent safety requirements.
- Own a Home – Owning a home in San Antonio can save a few bucks because owning a home is proof of financial responsibility.
- Claim-Free Discount – Claim-free drivers can save substantially compared to insureds who have frequent claims or accidents.
A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. Some only reduce specific coverage prices like comprehensive or collision. Despite the appearance that you would end up receiving a 100% discount, you aren’t that lucky.
The information below illustrates the difference between Dodge Grand Caravan annual premium costs with and without discounts. The premiums are based on a female driver, no accidents or driving violations, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, multi-policy, homeowner, and claim-free discounts applied.
Companies who may offer these money-saving discounts include:
Before buying, ask all the companies to apply every possible discount. Some discounts might not apply in your state. If you would like to choose from a list of insurance companies that offer many of these discounts in Texas, follow this link.
Independent and exclusive car insurance agents
A lot of people prefer to get professional advice from a licensed agent and that is a smart decision Insurance agents can help you choose the best coverages and give you someone to call. A nice benefit of getting free rate quotes online is the fact that drivers can get lower rates but still work with a licensed agent. Buying insurance from local insurance agents is important particularly in San Antonio.
After completing this short form, the coverage information is sent to companies in San Antonio who can give free rate quotes for your insurance coverage. There is no need to find an agent since rate quotes are delivered immediately to you. If you have a need to quote rates from a particular provider, you just need to navigate to their website and give them your coverage information.
If you need to find a local insurance agency, you need to know there are two types of insurance agents and how they work. Insurance agencies in San Antonio can be categorized as either independent agents or exclusive agents. Both insure your vehicles, but it is a good idea to know the subtle differences since it could factor into buying decisions.
Independent Agents (or Brokers)
Agents that choose to be independent are not employed by any specific company and that allows them to write policies amongst many companies and find you the best rates. If you are not satisfied with one company, the business is moved internally and you don’t have to find a new agent. If you need lower rates, you will definitely want to get insurance quotes from several independent agencies to get the best comparison.
Listed below is a partial list of independent agents in San Antonio who can help you get price quotes.
A and A Insurance Agency
1317 Castroville Rd – San Antonio, TX 78237 – (210) 434-2311 – View Map
Exclusive Auto Insurance Agents
Exclusive agents can only quote rates from one company and some examples include Allstate, State Farm and Farmers Insurance. They generally cannot provide prices from multiple companies so they have no alternatives for high prices. Exclusive agents are well trained on sales techniques and that allows them to sell at a higher price point.
Listed below are San Antonio exclusive agents who can help you get price quotes.
Lisa Ybarbo – State Farm Insurance Agent
803 Castroville Rd #128 – San Antonio, TX 78237 – (210) 434-2711 – View Map
Choosing the best car insurance agent should include more criteria than just a cheap price. Agents should be asked these questions:
- Does the company allow you to choose your own collision repair facility?
- How many years of experience in personal auto insurance do they have?
- Do they make recommendations based only on price?
- Does the agent recommend any additional coverage?
- How many years have they been established?
- How much will you save each year by using a higher deductible?
Get the best coverage at the best price
We covered a lot of ways to compare Dodge Grand Caravan insurance prices in San Antonio. The key concept to understand is the more you quote San Antonio auto insurance, the better your chances of lowering your rates. You may even find the lowest prices come from a small local company. Regional companies may have significantly lower rates on certain market segments than their larger competitors like Progressive and GEICO.
When you buy San Antonio auto insurance online, make sure you don’t reduce coverage to reduce premium. Too many times, drivers have reduced liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your goal should be to find the BEST coverage at a price you can afford, but don’t skip important coverages to save money.
To read more, link through to the articles below:
- Vehicle Size and Weight FAQ (iihs.org)
- Who Has the Cheapest San Antonio Auto Insurance with Multiple Speeding Tickets? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Hyundai Elantra in San Antonio? (FAQ)
- Who Has Affordable Auto Insurance Quotes for First-time Drivers in San Antonio? (FAQ)
- What Auto Insurance is Cheapest for Teenagers in San Antonio? (FAQ)
- Understanding your Policy (NAIC.org)
- Side Impact Crash Tests (iihs.org)
- Electronic Stability Control FAQ (iihs.org)