Cheap Insurance for a Dodge Grand Caravan in Fort Wayne

If saving the most money is your goal, then the best way to get discount car insurance rates in Fort Wayne is to make a habit of comparing prices annually from providers who provide auto insurance in Indiana.

Step 1: Get a basic knowledge of what is in your policy and the modifications you can make to drop your rates. Many things that result in higher rates such as your driving record and an imperfect credit rating can be controlled by making minor changes in your lifestyle.

Step 2: Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while independent agents can provide rate quotes from multiple insurance companies.

Step 3: Compare the new quotes to the premium of your current policy to see if a cheaper rate is available. If you find better rates and decide to switch, make sure there is no coverage gap between policies.

Step 4: Tell your current agent or company to cancel your current car insurance policy. Submit payment and a signed application for your new coverage. As soon as you can, keep your new certificate of insurance in an accessible location in your vehicle.

One thing to point out is to use the same liability limits and deductibles on every price quote and and to look at as many auto insurance providers as possible. This ensures an accurate price comparison and many rates to choose from.

Insurance quote for Dodge Grand Caravan in Fort WayneIt’s an obvious conclusion that insurance companies don’t want you to look for cheaper rates. Insureds who get comparison quotes at least once a year are likely to move their business because there is a great chance of finding lower prices. A recent insurance study revealed that consumers who routinely shopped around saved about $3,500 over four years compared to other drivers who never compared prices.

If finding the best rates on Dodge Grand Caravan insurance in Fort Wayne is your goal, knowing the best way to quote and compare car insurance can make the process more efficient.

If you have coverage now or just want to reduce your rates, you can follow these tips to reduce premiums while maintaining coverages. Locating the best rates in Fort Wayne is much easier if you know where to start. Drivers only have to learn the quickest way to quote multiple rates from many companies at once.

Getting a cheaper price on insurance can be quick and easy. Just take a couple of minutes comparing free Fort Wayne auto insurance quotes from online providers.

Online shopping is fast and free, and it makes it a waste of time to spend your day driving to each insurance agency near you. The internet eliminates the middleman unless your situation requires the professional abilities of a licensed agent. If you prefer, some companies allow you to price shop online but purchase the actual policy in an agency.

The providers in the list below can provide quotes in Indiana. If you want to find cheaper auto insurance in Fort Wayne, IN, we recommend you visit two to three different companies to get the cheapest price.

Coverage analysis

The premium information below showcases different insurance rates for Dodge Grand Caravan models. Having a better idea how auto insurance prices are determined can help customers make smart choices when purchasing an insurance policy.

Dodge Grand Caravan Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $104 $156 $264 $16 $80 $620 $52
Grand Caravan SE $104 $156 $264 $16 $80 $620 $52
Grand Caravan Hero $104 $190 $264 $16 $80 $654 $55
Grand Caravan Crew $116 $190 $264 $16 $80 $666 $56
Grand Caravan SXT $116 $190 $264 $16 $80 $666 $56
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Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in specific Fort Wayne garaging location which can influence prices significantly.

Analysis of deductible levels

One of the hardest decisions when shopping for auto insurance is how high should the physical damage coverage deductibles be. The tables below summarize the difference in cost between high and low physical damage coverage deductibles. The first rate table uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Dodge Grand Caravan insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $242 $358 $280 $16 $84 $1,005 $84
Grand Caravan SE $242 $358 $280 $16 $84 $1,005 $84
Grand Caravan Hero $242 $436 $280 $16 $84 $1,083 $90
Grand Caravan Crew $272 $436 $280 $16 $84 $1,113 $93
Grand Caravan SXT $272 $436 $280 $16 $84 $1,113 $93
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Dodge Grand Caravan insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $134 $188 $280 $16 $84 $702 $59
Grand Caravan SE $134 $188 $280 $16 $84 $702 $59
Grand Caravan Hero $134 $230 $280 $16 $84 $744 $62
Grand Caravan Crew $152 $230 $280 $16 $84 $762 $64
Grand Caravan SXT $152 $230 $280 $16 $84 $762 $64
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in Fort Wayne location which can revise coverage rates greatly.

Based on these figures, using a $100 deductible will cost you about $27 more each month or $324 a year than choosing the higher $1,000 deductible. Because you 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 a minimum 33 months between claim filings, you would save more money if you choose a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $89
Average monthly premium for $1,000 deductibles (subtract): – $62
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

One thing to be aware of is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you file a claim. You will want to have some extra funds in order to pay the deductible.

The example below demonstrates how deductibles and can change Dodge Grand Caravan insurance premiums for different age groups. The costs are based on a single male driver, comp and collision included, and no other discounts are factored in.

Dodge Grand Caravan full coverage rates compared to liability only

The diagram below compares Dodge Grand Caravan premium costs with and without physical damage coverage. The information is based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are factored in.

When to stop buying physical damage coverage

There is no set rule of when to phase out comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s assume your Dodge Grand Caravan claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after the deductible is paid. If it’s costing you more than $700 annually to have full coverage, then it might be time to buy liability only.

There are a few situations where removing full coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.

You Can Change Your Insurance Rates

The best way to find cheaper auto insurance is to take a look at some of the factors that help calculate your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this allows you to make good choices that may result in better auto insurance rates. Many different elements are part of the equation when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, although others are not as apparent such as your credit history and annual miles driven.

The following are some of the most common factors used by your company to calculate prices.

Why you need to buy car insurance

Despite the fact that car insurance is not cheap in Fort Wayne, paying for car insurance is required in Indiana but also provides important benefits.

The benefits of having car insurance more than offset the price you pay, especially if you ever need it. The average driver in Indiana overpays more than $825 a year so you should quote and compare rates every year to help ensure money is not being wasted.