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.

It’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.

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.

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.

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.

• An active policy claims history can cost more – If you are a frequent claim filer, you can expect higher premiums or even policy non-renewal. Car insurance companies in Indiana award the lowest premiums to people who are claim-free. Insurance coverage is designed for claims that you cannot pay yourself.
• Remove unneeded extra policy coverages – There are a lot of add-on coverages that may not really be needed when buying auto insurance. Coverage for things like rental car reimbursement, better glass coverage, and membership fees are some examples. They may seem good at first, but your money might be better spent on other coverage so remove them and pocket the money.
• Safer vehicles cost less to insure – Cars with high safety ratings get lower rates. Safer cars reduce occupant injuries and lower rates of occupant injuries means lower claim amounts which can result in lower premiums. If your Dodge Grand Caravan has ratings of a minimum four stars on Safercar.gov it may be receiving lower rates.
• Buy as much liability coverage as you can afford – Your auto insurance policy’s liability coverage will provide protection if you are responsible for an accident. It provides for a legal defense starting from day one. Liability is cheap compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
• Discounts for married couples – Getting married can actually save you money on your policy. Marriage may mean you are more financially stable and statistics show married couples file fewer claims.
• Multiple policies with one company – Most larger insurance companies apply a discount to people who have multiple policies with them. It’s known as a multi-policy discount. Even if you qualify for this discount already, consumers should still compare other Fort Wayne Grand Caravan insurance rates to guarantee you are still saving the most.

• Are men or women drivers cheaper? – Over time, data shows females are less aggressive when driving. That doesn’t necessarily mean that females are better at driving than males. Both sexes have auto accidents at a similar rate, but the males cause more damage. In addition to higher claims, males also have more aggressive citations such as DWI and reckless driving. Youthful male drivers cause the most accidents and are penalized with high auto insurance rates.

  The information below illustrates the difference between Dodge Grand Caravan annual premium costs for male and female drivers. The prices are based on no tickets, no at-fault accidents, full coverage, $100 deductibles, single status, and no discounts are applied to the premium.

• Insurance loss probability for a Dodge Grand Caravan – Auto insurance companies study historical loss data when setting rates for each model. Models that are shown to have higher loss trends will have higher premium rates.

  The information below illustrates the historical insurance loss data for Dodge Grand Caravan vehicles. For each policy coverage, the loss probability for all vehicles, as a total average, equals 100. Numbers below 100 suggest a positive loss record, while numbers that are greater than 100 point to more frequent losses or statistically larger claims.

  
  

  Auto Insurance Loss Data for Dodge Grand Caravan Models

  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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

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.

• Just about all states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability coverage if you don’t want to risk a ticket. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Grand Caravan has a lienholder, it’s guaranteed your bank will stipulate that you have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Dodge for a lot more money and make you pay a much higher amount than you were paying before.
• Insurance protects both your vehicle and your personal assets. It will also reimburse you for many types of medical costs for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

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.