Affordable Dodge Grand Caravan Insurance in Indianapolis

Discount Dodge Grand Caravan insuranceIt’s an obvious statement that auto insurance companies want to keep you from comparing prices. Consumers who shop for lower prices are likely to switch companies because they have a good chance of finding more affordable rates. A recent survey discovered that people who routinely shopped for cheaper coverage saved about $3,500 over four years compared to people who never shopped around for cheaper prices.

If finding the lowest price for Dodge Grand Caravan insurance is the reason you’re reading this, then knowing how to find and compare coverage rates can make it easier to find better rates.

The best way to find discount Dodge Grand Caravan insurance is to start doing an annual price comparison from insurers who sell insurance in Indianapolis.

An important note is that you’ll want to compare similar deductibles and liability limits on each price quote and and to look at every insurance company. This provides an apples-to-apples comparison and the most accurate and complete price analysis.

Comparing quotes for cheaper car insurance policy in Indianapolis is not as hard as you may think. Essentially every driver who compares rate quotes for car insurance should find a better price. But Indiana consumers must know how companies market insurance on the web and use it to find better rates.

Companies offering Dodge Grand Caravan insurance in Indianapolis

The following companies have been selected to offer price quotes in Indianapolis, IN. If multiple providers are shown, we suggest you get rate quotes from several of them in order to find the lowest rates.

Auto insurance statistics for a Dodge Grand Caravan

The data table displayed below showcases estimates of policy rates for Dodge Grand Caravan models. Being more informed about how insurance quotes are formulated can be valuable when making smart choices when buying a policy.

Dodge Grand Caravan Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $208 $370 $318 $18 $94 $1,008 $84
Grand Caravan SE $208 $370 $318 $18 $94 $1,008 $84
Grand Caravan Hero $208 $450 $318 $18 $94 $1,088 $91
Grand Caravan Crew $234 $450 $318 $18 $94 $1,114 $93
Grand Caravan SXT $234 $450 $318 $18 $94 $1,114 $93
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in garaging location in Indianapolis which can modify premiums substantially.

Choosing deductibles

A question often asked by Indianapolis drivers is how high should your deductibles be. The rates below may aid in understanding the cost difference between low and high comp and collision deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second price table uses a $500 deductible.

Dodge Grand Caravan insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $216 $300 $280 $16 $84 $921 $77
Grand Caravan SE $216 $300 $280 $16 $84 $921 $77
Grand Caravan Hero $216 $366 $280 $16 $84 $987 $82
Grand Caravan Crew $244 $366 $280 $16 $84 $1,015 $85
Grand Caravan SXT $244 $366 $280 $16 $84 $1,015 $85
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Dodge Grand Caravan insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $176 $242 $280 $16 $84 $798 $67
Grand Caravan SE $176 $242 $280 $16 $84 $798 $67
Grand Caravan Hero $176 $294 $280 $16 $84 $850 $71
Grand Caravan Crew $200 $294 $280 $16 $84 $874 $73
Grand Caravan SXT $200 $294 $280 $16 $84 $874 $73
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in zip code location which can change coverage rates significantly.

Using the premium rates above, we can conclude that using a $250 deductible would cost the average driver about $11 more each month or $132 for a full year than selecting the higher $500 deductible. Since you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 23 months between claim filings, you would probably be better off if you opt for a higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $81
Average monthly premium for $500 deductibles (subtract): – $70
Monthly savings from raising deductible: $11
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to be aware of is that higher deductibles means you will have to cover more of the damage yourself if you have a claim. That will require some funds available in order to pay the deductible to have repairs made.

The illustration below demonstrates how deductible levels and can change Dodge Grand Caravan premium costs for different ages of insureds. The rate quotes are based on a married male driver, full coverage, and no discounts are applied to the premium.

Careless drivers pay higher rates

The chart below shows how speeding tickets and at-fault collisions can affect Dodge Grand Caravan car insurance costs for different age groups. The premiums are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Cost comparison with and without full coverage

The diagram below illustrates the comparison of Dodge Grand Caravan insurance prices with full physical damage coverage compared to only buying liability only. The data assumes no claims or violations, $100 deductibles, marital status is single, and no discounts are applied to the premium.

When to buy liability coverage only

There is no set guideline that is best for determining when to drop comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your Dodge Grand Caravan settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after the deductible is paid. If you are paying over $700 a year for full coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where buying only liability insurance is not advised. If you haven’t paid off your loan, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Affordable rates by applying these five discounts

Car insurance companies do not advertise every available discount very clearly, so the following list contains some of the best known as well as the least known discounts you could be receiving when you buy Indianapolis car insurance online.Save money with discounts

While discounts sound great, it’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most only cut specific coverage prices like comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

The chart below illustrates the difference between Dodge Grand Caravan insurance costs with and without discounts applied. The price estimates are based on a male driver, no accidents, no driving violations, Indiana state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, homeowner, safe-driver, marriage, and multi-policy discounts applied.

Some companies that may offer policyholders most of the discounts above possibly include:

If you need cheaper Indianapolis car insurance quotes, ask every insurance company to apply every possible discount. Some discounts may not be available in your state. If you would like to see a list of providers with the best Dodge Grand Caravan insurance discounts in Indianapolis, follow this link.

What is the best auto insurance coverage?

When buying the right insurance coverage, there really is not a “perfect” insurance plan. Your financial needs are unique and your policy should reflect that.Safe vehicles cost less to insure
For instance, these questions can help discover if your insurance needs might need professional guidance.

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

When to get advice from an insurance agent

Some consumers would prefer to get professional advice from a licensed agent and doing so can bring peace of mind A nice benefit of getting free rate quotes online is that you can find lower rates and still choose a local agent. Buying from local agents is still important in Indianapolis.

After completing this short form, the coverage information is transmitted to insurance agents in Indianapolis that give free quotes for your coverage. You won’t need to leave your house due to the fact that quote results will go to you directly. You can find the lowest rates and work with a local agent. If you need to get a price quote from a specific insurance company, you just need to jump over to their website and fill out the quote form the provide.

How to choose the best car insurance agent in Indianapolis

If you are searching for a local Indianapolis insurance agency, it’s important to understand the different types of agencies and how they can quote your rates. Insurance policy providers may be either independent agents or exclusive agents.

Independent Insurance Agents

Agents in the independent channel are appointed with more than one company and that allows them to write policies through many companies enabling the ability to shop coverage around. If they quote lower rates, the agent simply finds a different carrier and you stay with the same agent. If you need cheaper insurance rates, we highly recommend that you include rate quotes from a few independent agents to have the best price comparison. Most have the option of insuring with companies that do not advertise much that many times have cheaper rates.

Shown below is a short list of independent agencies in Indianapolis that may be able to give you free insurance quotes.

More Indianapolis agents

Exclusive Insurance Agents

Agents that choose to be exclusive have only one company to place business with and some examples include Allstate, State Farm and Farmers Insurance. They usually cannot provide other company’s prices so you need to shop around if the rates are high. Exclusive agencies are trained well on the products they sell which helps them sell on service rather than price. Consumers frequently use the same agent partially due to the brand legacy and the convenience of having a single billing for all their coverages.

The following are Indianapolis exclusive agents that can give you price quote information.

More Indianapolis agents

Deciding on an insurance agent requires you to look at more than just the bottom line cost. The questions below may impact your decision as well.

After talking to the agent and getting good answers to all your questions as well as an affordable premium quote, it’s a good possibility that you have found a car insurance agent that is a good match to properly insure your vehicles. Just be aware that you can always cancel your policy for any reason so never feel you are locked into your new company with no way to switch.

Specifics of your auto insurance policy

Learning about specific coverages of your auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on the average auto insurance policy.

Coverage for medical expenses – Coverage for medical payments and/or PIP pay for immediate expenses for hospital visits, X-ray expenses, doctor visits and EMT expenses. They can be used to fill the gap from your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance pays for damage to your Grand Caravan caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as damaging your car on a curb, hitting a parking meter and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to choose a higher deductible on your Grand Caravan to save money on collision insurance.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Dodge Grand Caravan.

Because many people carry very low liability coverage limits (25/50/10 in Indiana), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive auto insurance – This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, a broken windshield, theft, hitting a bird and vandalism. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability insurance – Liability coverage protects you from damages or injuries you inflict on people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/10 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $10,000 paid for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as structural damage, emergency aid and medical expenses. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible. Indiana state minimum liability requirements are 25/50/10 but drivers should carry higher limits.

The illustration below shows why minimum state limits may not provide you with enough coverage.

Cheaper auto insurance is out there

When buying insurance coverage, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where someone sacrificed collision coverage only to find out that the savings was not a smart move. Your strategy should be to buy enough coverage at the best price, but don’t skip important coverages to save money.

More affordable auto insurance in Indianapolis can be bought on the web in addition to local insurance agencies, and you need to price shop both to have the best selection. A few companies may not offer the ability to get quotes online and most of the time these small, regional companies work with local independent agents.

Additional detailed information is available by following these links: