How to Save on Corpus Christi Dodge Grand Caravan Insurance

It’s safe to assume that insurance companies don’t want you to compare rates. Consumers who compare other rates will probably switch car insurance companies because of the good chance of finding lower rate quotes. A study showed that consumers who regularly compared price quotes saved on average $3,500 over four years as compared to drivers who didn’t regularly shop around.

If finding the cheapest price for car insurance in Corpus Christi is your ultimate target, then having some knowledge of how to find and compare insurance premiums can save time, money, and frustration.

If you want to save the most money, the best way to get budget Dodge Grand Caravan insurance in Corpus Christi is to do a yearly price comparison from companies who provide auto insurance in Texas. Prices can be compared by following these steps.

1. Take a few minutes and learn about auto insurance and the steps you can take to prevent high rates. Many factors that result in higher rates such as traffic citations, accidents, and a not-so-good credit rating can be rectified by making lifestyle changes or driving safer.
2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
3. Compare the new rate quotes to your existing coverage to determine if you can save on Grand Caravan insurance in Corpus Christi. If you find a better price and switch companies, make sure there is no coverage gap between policies.
4. Tell your current company of your decision to cancel your current car insurance policy. Submit payment along with a signed and completed policy application for your new policy. Be sure to keep your new proof of insurance certificate with the vehicle registration.

A good tip to remember is that you’ll want to compare identical coverages on each quote and and to get rate quotes from as many car insurance companies as possible. This enables a fair rate comparison and maximum price selection.

How You Can Control Dodge Grand Caravan Insurance Costs

Many things are part of the equation when pricing auto insurance. A few of the factors are predictable such as your driving history, but other criteria are more transparent like your vehicle usage or how safe your car is. When buying insurance it’s important to understand some of the factors that play a part in calculating your insurance rates. If you have some idea of what influences your rates, this allows you to make educated decisions that may result in lower premium levels.

Shown below are some of the factors that factor into prices.

• Never allow your insurance to lapse – Going without insurance will be a guaranteed way to pay more for insurance. And not only will insurance be more expensive, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license.
• Add-on coverages can cost a lot – There are many extra coverages you can purchase on your insurance policy. Insurance for things like coverage for rental cars, accident forgiveness, and additional equipment coverage may be costing you every month. They may sound like good ideas when deciding what coverages you need, but your needs may have changed so think about removing them and cutting costs.
• Employer and insurance rates – Careers such as military generals, executives, and stock brokers tend to have the highest average rates attributed to job stress and long work days. On the other hand, careers like professors, historians and the unemployed receive lower rates.
• What are your physical damage deductibles? – Deductibles for physical damage represent how much money you are required to pay before your insurance pays a claim. Physical damage insurance, also called comprehensive and collision insurance, covers damage that occurs to your car. Examples of covered claims would be rear-ending another vehicle, vandalism, and damage caused by road hazards. The more expense you pay before a claim is paid (deductible), the bigger discount you will receive.

• Does car insurance cost more for men? – Statistics show that females take fewer risks when driving. That doesn’t necessarily mean that women are better drivers. Males and females get in accidents in similar numbers, but men have costlier accidents. Men also get higher numbers of serious violations like DUI and reckless driving.

  The chart below illustrates the difference between Dodge Grand Caravan auto insurance rates for male and female drivers. The prices are based on no claims, a clean driving record, comprehensive and collision coverage, $500 deductibles, drivers are single, and no discounts are applied.

• Lower rates for married couples – Your spouse can get you a discount on your policy. Having a significant other usually means you are more stable financially and it’s statistically proven that married drivers tend to file fewer claims.
• A good credit history can save money – Having a bad credit score can be an important factor in determining what you pay for insurance. Drivers with excellent credit tend to be less risk to insure than drivers who have lower ratings. If your credit rating can use some improvement, you could save money insuring your Dodge Grand Caravan by spending a little time repairing your credit.

• Dodge Grand Caravan insurance loss data – Auto insurance companies analyze past claim statistics to calculate a price that will offset losses. Vehicles that statistically have a trend towards higher claims will cost more for specific coverages.

  The information below illustrates the insurance loss data for Dodge Grand Caravan vehicles. For each policy coverage, the loss probability for all vehicles compiled together is considered to be 100. Values that are below 100 suggest a better than average loss history, while percentage numbers above 100 show a trend for more claims or statistically larger losses.

  
  

  Insurance Loss Ratings for Dodge Grand Caravan Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Dodge Grand Caravan	79	104	81	108	108	107

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Rates and statistics

The coverage table shown next highlights detailed analysis of insurance rates for Dodge Grand Caravan models. Having a good understanding how insurance premiums are calculated can be valuable when making decisions on which coverage to buy.

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Information does not factor in specific location which can alter insurance rates noticeably.

Deductible comparison

One of the hardest decisions when shopping for car insurance is how high should your deductibles be. The rates below determine the premium difference of buying low and high insurance deductibles. The first table uses a $250 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific Corpus Christi garaging location which can increase or decrease insurance rates substantially.

Using the data above, we can ascertain that using a $250 deductible will cost in the ballpark of $14 more each month or $168 for a full year than selecting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 18 months between claim filings, you would more than likely save some money going with the higher deductible.

One important caveat is that raising deductibles means you pay more out-of-pocket when you have a comprehensive or collision claim. That will necessitate some extra savings in the event you have to pay the higher deductible in order to repair your vehicle.

The illustration below demonstrates how deductible levels and can change Dodge Grand Caravan insurance prices for different age categories. The rates are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

Full coverage or liability only

The example below visualizes the comparison of Dodge Grand Caravan insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

When to drop full coverage

There is no set rule to eliminate comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Dodge Grand Caravan claim settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $6,000 after paying the physical damage deductible. If it’s costing you more than $600 annually for full coverage, then you may want to consider only buying liability coverage.

There are a few cases where only buying liability is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

Discount Corpus Christi auto insurance quotes

Auto insurance is expensive, but there are discounts available that you may not even know about. Certain discounts will be applied at the time you complete a quote, but a few need to be specifically requested prior to receiving the credit. If you aren’t receiving every discount possible, you could be getting lower rates.

• No Claims – Corpus Christi drivers who stay claim-free pay much less as compared to frequent claim filers.
• More Vehicles More Savings – Buying coverage for multiple cars with the same company can reduce rates for all insured vehicles.
• Own a Home – Owning your own home or condo can save you money since owning and maintaining a home shows financial diligence.
• Driver Safety – Successfully completing a course that instructs on driving safety could cut 5% off your bill depending on where you live.
• Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school.
• Discount for Passive Restraints – Cars that have air bags can get savings of 20 to 30 percent.
• Accident Forgiveness – Not a discount per se, but companies like GEICO and Allstate will forgive one accident before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
• Use Seat Belts – Drivers who always wear seat belts and also require passengers to use their safety belts can save 10% or more on medical payment and PIP coverage.
• E-sign – A handful of larger companies may give you up to $50 for buying your policy online.

You should keep in mind that most discount credits are not given to all coverage premiums. Most only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like you can get free auto insurance, company stockholders wouldn’t be very happy.

The illustration below compares Dodge Grand Caravan annual premium costs with and without discounts applied to the premium. The rates are based on a male driver, no driving violations, no at-fault accidents, Texas state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, safe-driver, homeowner, claim-free, and marriage discounts applied.

Larger auto insurance companies and a partial list of their discounts are shown below.

• Progressive has discounts for multi-policy, multi-vehicle, online signing, good student, homeowner, and online quote discount.
• The Hartford policyholders can earn discounts including anti-theft, bundle, air bag, driver training, good student, and vehicle fuel type.
• Mercury Insurance has savings for age of vehicle, good driver, location of vehicle, good student, and low natural disaster claims.
• GEICO may offer discounts for emergency military deployment, military active duty, five-year accident-free, daytime running lights, multi-vehicle, multi-policy, and defensive driver.
• AAA offers discounts including pay-in-full, good student, education and occupation, multi-car, good driver, and AAA membership discount.
• State Farm includes discounts for passive restraint, safe vehicle, Drive Safe & Save, defensive driving training, driver’s education, and multiple policy.

Double check with all the companies how many discounts you can get. Some credits may not apply everywhere. If you would like to see a list of providers who offer free Dodge Grand Caravan insurance quotes in Corpus Christi, follow this link.

A little work can save a LOT of money

When searching for affordable Dodge Grand Caravan insurance quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at the best price.

Budget-conscious Dodge Grand Caravan insurance can be sourced both online in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies may not offer the ability to get quotes online and many times these smaller providers sell through independent insurance agencies.

For more information, feel free to visit the resources below:

• Steps to Take After an Auto Accident (Insurance Information Institute)
• What Car Insurance is Cheapest for Young Drivers in Corpus Christi? (FAQ)
• Who Has the Cheapest Auto Insurance for Unemployed Drivers in Corpus Christi? (FAQ)
• Who Has Affordable Corpus Christi Car Insurance with Multiple Speeding Tickets? (FAQ)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Safety Belts FAQ (iihs.org)
• No-Fault Auto Insurance Statistics (Insurance Information Institute)