How Much Does 1992 Dodge Grand Caravan Insurance Cost?

Overpriced Dodge Grand Caravan insurance can drain your checking account and force you to prioritize other expenses. Doing a price comparison is a great way to make sure you’re not throwing money away. Many insurance companies compete for your business, and because of this it can be hard to compare car insurance companies to find the cheapest price

If you have a current insurance coverage policy or are just looking to switch companies, you can follow these tips to cut your premiums and possibly find even better coverage. Buying car insurance is not that difficult. Consumers only need an understanding of the tricks to find the lowest price over the internet.

Save big with these discounts

Companies that sell car insurance don’t always advertise every discount very well, so we researched both well-publicized and the more hidden savings tricks you should be using. If you don’t get every credit you qualify for, you are throwing money away.

  • Sign Online – A handful of insurance companies give back up to $50 simply for signing on their website.
  • Homeowners Pay Less – Being a homeowner can save you money because owning a home requires personal responsibility.
  • Save with a New Car – Putting insurance coverage on a new car can save up to 30% compared to insuring an older model.
  • Student in College – Any of your kids living away from home attending college without a vehicle on campus may be able to be covered for less.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Life Insurance Discount – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
  • Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less on Grand Caravan coverage than their less cautious counterparts.
  • Auto/Home Discount – When you have multiple policies with one company you may save up to 20% off your total premium.
  • Memberships – Being a member of a civic or occupational organization could trigger savings on your policy on Grand Caravan coverage.
  • No Accidents – Drivers with accident-free driving histories can save substantially when compared to frequent claim filers.

Keep in mind that most of the big mark downs will not be given to all coverage premiums. A few only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates you could get a free insurance coverage policy, companies wouldn’t make money that way.

Car insurance companies that may have these benefits include:

Double check with all companies you are considering how you can save money. All car insurance discounts may not apply in your area.

Why your Dodge Grand Caravan insurance rates may be high

It’s important that you understand the different types of things that go into determining insurance rates. Knowing what determines base rates allows you to make educated decisions that will entitle you to big savings.

Listed below are some of the items companies use to determine prices.

  • Your age impacts your rates – Teenage drivers are statistically proven to be careless and easily distracted behind the wheel so they pay higher insurance rates. Having to add a youthful driver onto a policy can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and get fewer tickets.
  • Battle of the sexes – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. Women and men tend to get into accidents in similar numbers, but the men cause more damage. Men also statistically get more serious tickets like reckless driving and DUI. Teenage male drivers are most likely to cause an accident and therefore are the most expensive to insure.
  • Drive less and save money – The more miles you rack up on your Dodge each year the more you’ll pay to insure your vehicle. The majority of insurers price each vehicle’s coverage based upon how you use the vehicle. Vehicles used primarily for pleasure use receive lower rates than vehicles that are driven to work every day. Double check that your insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. Incorrect usage on your Grand Caravan can result in significantly higher rates.
  • More claims means more premium – Car insurance companies give cheaper rates to people who file claims infrequently. If you are a frequent claim filer, you can expect either higher rates or even cancellation. Your insurance policy is designed for larger claims.

But I don’t know anything about car insurance

When buying proper insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone’s situation is a little different so this has to be addressed. These are some specific questions can help discover if your situation might need professional guidance.

  • Does my 1992 Dodge Grand Caravan qualify for pleasure use?
  • Do I really need UM/UIM coverage?
  • Does coverage extend to my business vehicle?
  • Who is covered when they drive my 1992 Dodge Grand Caravan?
  • If my 1992 Dodge Grand Caravan is totaled, can I afford another vehicle?
  • Do I need motorclub coverage?
  • Is business equipment covered while in my vehicle?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and may give you better protection.

Insurance coverage specifics

Learning about specific coverages of insurance aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from insurance companies.

Uninsured or underinsured coverage

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your 1992 Dodge Grand Caravan.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Collision insurance

This coverage will pay to fix damage to your Grand Caravan resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for claims like sideswiping another vehicle, driving through your garage door, rolling your car and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

Medical expense coverage

Med pay and PIP coverage reimburse you for expenses for things like funeral costs, rehabilitation expenses, chiropractic care and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Auto liability insurance

Liability coverage can cover damage or injury you incur to other’s property or people. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like medical expenses, structural damage, attorney fees and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as high a limit as you can afford.

Comprehensive protection

This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, hitting a deer, vandalism, damage from a tornado or hurricane and damage from getting keyed. The maximum amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Final considerations

We just presented a lot of ways to compare 1992 Dodge Grand Caravan insurance prices online. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may be surprised to find that the lowest premiums are with the least-expected company. Some small companies can often insure niche markets at a lower cost than their larger competitors like State Farm and Allstate.

When you buy insurance online, make sure you don’t skimp on coverage in order to save money. In many instances, consumers will sacrifice liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

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