Would you like an easy way to compare cheaper Dodge Grand Caravan insurance in Colorado Springs? Did you make the mistake of buying an underperforming, overpriced auto insurance policy? Don't feel bad because you're not alone.
Sadly, most consumers have purchased from the same company for a minimum of four years, and nearly half have never compared rates with other companies. Many consumers in Colorado Springs can save hundreds of dollars each year, but most tend to underestimate the amount of money they would save if they moved their coverage to a different company. With so many companies and agents to choose from, it is very difficult to choose the best auto insurance provider.
Finding the cheapest insurance coverage in Colorado Springs is actually quite simple. If you have a current insurance policy or need a new policy, you will benefit by learning to buy cheaper insurance while maintaining coverages. Drivers only need to know the proper methods to find the lowest price from multiple carriers.
Most major insurance companies allow you to get insurance quotes on their websites. Getting quotes for Dodge Grand Caravan insurance in Colorado Springs is pretty painless as you just type in your coverage preferences on the page. Upon sending the form, their quoting system orders reports for credit and driving violations and returns a price quote determined by many factors. This helps simplify price comparisons, and it is imperative to compare as many rates as possible in order to get the cheapest possible prices on car insurance.
If you want to find out how much you can save on car insurance, take a look at the companies shown below. If you have coverage now, it's recommended you input your coverages as close as possible to your current policy. This way, you will have a fair comparison based on the exact same insurance coverage.
The companies in the list below are ready to provide price comparisons in Colorado. If more than one company is shown, we suggest you get rates from several of them to get the cheapest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$252||$304||$460||$28||$138||$1,182||$99|
|Grand Caravan SE||$236||$382||$338||$20||$100||$1,076||$90|
|Grand Caravan Hero||$260||$536||$396||$24||$118||$1,334||$111|
|Grand Caravan Crew||$294||$536||$368||$22||$110||$1,330||$111|
|Grand Caravan SXT||$310||$502||$362||$22||$108||$1,304||$109|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price information does not factor in Colorado Springs location which can affect prices noticeably.
Cost comparison with and without full coverage
The diagram below illustrates the difference between Dodge Grand Caravan insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no driving violations, no at-fault accidents, $500 deductibles, married male driver, and no discounts are taken into consideration.
Guidelines for eliminating full coverage
There is no exact rule of when to phase out full coverage, but there is a general convention. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you might want to consider buying only liability coverage.
For example, let's assume your Dodge Grand Caravan replacement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $8,000 after the deductible is paid. If you are paying in excess of $800 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping physical damage coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not buy liability only.
Cheap Dodge Grand Caravan insurance in Colorado Springs
Some providers don't necessarily list the complete list of policy discounts in a way that's easy to find, so here is a list a few of the more well known as well as some of the hidden credits available to you.
- Government Employees - Having worked for a branch of the government may qualify for a discount when you quote Colorado Springs car insurance with select insurance companies.
- Low Mileage Discounts - Low mileage vehicles could earn lower rates due to less chance of an accident.
- Passive Restraints - Vehicles with factory air bags or automatic seat belts can get savings of 25 to 30%.
- Discount for Home Ownership - Just being a homeowner can save a few bucks since home ownership demonstrates responsibility.
- Payment Discounts - If you can afford to pay the entire bill instead of making monthly payments you can avoid the installment charge.
Consumers should know that most discounts do not apply to your bottom line cost. Most cut individual premiums such as comp or med pay. Even though it may seem like all the discounts add up to a free policy, you aren't that lucky.
Auto insurance companies who may offer these money-saving discounts possibly include:
When getting a coverage quote, ask every insurance company what discounts are available to you. A few discounts may not be offered in your state. If you would like to see a list of providers who offer auto insurance discounts in Colorado Springs, click this link.
Buy Dodge Grand Caravan Insurance More Affordably
A large part of saving on auto insurance is knowing the rating factors that come into play when calculating your premiums. When you know what positively or negatively impacts premium levels, this allows you to make educated decisions that may reward you with big savings. Many different elements are part of the equation when you get a price on insurance. Some are obvious such as your driving record, but some are not as apparent like your vehicle usage or your commute time.
Shown below are a few of the "ingredients" used by your company to calculate your premiums.
Discounts for married drivers - Getting married can get you a discount compared to being single. Having a significant other may mean you are more stable financially and insurance companies reward insureds because drivers who are married file infrequent claims.
More performance means higher costs - The performance of the car you need insurance for makes a substantial difference in how high your rates are. The lowest base rates are generally reserved for low performance passenger cars, but your final cost has many other factors. Since the Dodge Grand Caravan is considered a van and minivan, insurance will be similar in price when compared to the average rates in Colorado Springs.
Premiums drop with age - Teen drivers in Colorado tend to be less responsible when driving with friends so auto insurance rates are higher. If you've ever had to add a teen driver onto your auto insurance can really hurt. More mature drivers are more cautious drivers, cause fewer claims and accidents, and get fewer tickets.
Lower deductibles cost more - Physical damage protection, also called 'full coverage', is used to repair damage to your Dodge. Some instances where coverage would apply are a dented fender, hail damage, or theft. The deductibles define how much you are willing to pay if a covered claim is submitted. The higher the amount you are required to pay out-of-pocket, the better rate you will receive.
Liability coverage - Your policy's liability coverage will afford coverage if a court rules you are at fault for causing personal injury or damage in an accident. It provides legal defense up to the limits shown on your policy. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so do not cut corners here.
Claims statistics for a Dodge Grand Caravan - Insurance companies use statistical claims data to help set a rate to offset losses. Models that are shown to have higher loss trends will cost more for specific coverages.
The table below outlines the actual insurance loss data for Dodge Grand Caravan vehicles. For each policy coverage, the claim probability for all vehicles averaged together is represented as 100. Numbers shown that are under 100 suggest losses that are better than average, while numbers shown that are more than 100 indicate higher probability of having a loss or an increased chance of a larger loss.
Dodge Grand Caravan Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Dodge Grand Caravan||79||104||81||108||108||107|
Statistics from IIHS.org for 2013-2015 Model Years
Get rate quotes but buy from a local Colorado Springs insurance agency
Certain consumers just prefer to get professional advice from a licensed agent and that is OK! Experienced insurance agents are very good at helping people manage risk and help in the event of a claim. A good thing about getting free rate quotes online is you may find cheap auto insurance rates and also buy local.
To make it easy to find an agent, after completing this short form, your insurance coverage information is transmitted to local insurance agents who will return price quotes for your coverage. You won't even need to visit any agencies because quoted prices will be sent directly to you. If you want to get a comparison quote from a specific company, you can always go to their quote page and give them your coverage information.
Picking a insurance company requires you to look at more than just the bottom line cost. You should also get answers to these questions.
- Can they provide you with a list of referrals?
- Is there a local claims center in Colorado Springs?
- Is there a 24/7 contact number?
- Are they paid to recommend certain coverages?
- Do you qualify for any additional discounts?
- If your car is totalled, how to they determine the replacement cost?
- Can you choose the body shop in case repairs are needed?
If you want to buy auto insurance from a good Colorado Springs insurance agent, it can be helpful to understand the different types of agents and how they operate. Colorado Springs agents are categorized either independent agents or exclusive agents depending on their employer. Either type can sell auto insurance policies, but it's worth mentioning how they differ since it could factor into your agent selection.
Exclusive Auto Insurance Agents
Agents that choose to be exclusive can only provide one company's prices like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents are unable to shop your coverage around so they have no alternatives for high prices. Exclusive agencies are usually quite knowledgeable on what they offer and that allows them to sell at a higher price point.
Shown below are exclusive insurance agents in Colorado Springs willing to provide price quote information.
American Family Insurance - Mario Aragon Agency Inc.
1135 E Fillmore St - Colorado Springs, CO 80907 - (719) 570-0707 - View Map
Larry Lucero - State Farm Insurance Agent
5225 Academy Blvd N #108 - Colorado Springs, CO 80918 - (719) 599-8661 - View Map
Independent Agencies or Brokers
Independent agencies are not employed by any specific company so they can write business with a variety of different insurance companies and find you cheaper rates. If your agent finds better pricing, your policy is moved internally which makes it simple for you.
When searching for an agent, you will definitely want to check rates from a couple of independent agencies in order to compare the most rates.
The following are Colorado Springs independent agents that can give you price quote information.
Be skeptical of auto insurance ads
Colorado drivers can't get away from ads that promise big savings for switching from the likes of Allstate, GEICO and Progressive. All the ads convey the message about savings if you switch to their company.
How is it possible that every company can offer you a better deal on Dodge Grand Caravan insurance in Colorado Springs? It's all in the words they use.
Different companies quote the lowest rates for a prospective insured that will not have excessive claims. One example of this type of risk profile could be married and over the age of 30, insures multiple vehicles, and has excellent credit. Any driver who meets those qualifications will get the preferred car insurance rates in Colorado Springs and most likely will save a lot of money.
People who fall outside this ideal profile must pay higher premiums which translates to the prospect going elsewhere. If you pay attention, the ads say "drivers that switch" not "all people who quote" save that much when switching. That's why companies can make those claims. Because of this risk profiling, drivers must compare rate quotes every year. Because you cannot predict which auto insurance company will have the best prices at this point in time.
Shop around and save
When buying insurance coverage, never buy less coverage just to save a little money. In too many instances, someone dropped liability limits or collision coverage only to find out that it was a big mistake. Your goal should be to find the BEST coverage for the lowest price and still be able to protect your assets.
Budget-conscious Dodge Grand Caravan insurance is possible from both online companies and from local agencies, so you need to shop Colorado Springs car insurance with both to have the best selection. Some insurance providers do not provide rates over the internet and these regional insurance providers only sell coverage through independent agencies.
We covered a lot of information how to save on Dodge Grand Caravan insurance in Colorado Springs. The key thing to remember is the more companies you get prices for, the better likelihood of getting low cost Colorado Springs car insurance quotes. Consumers may even find the lowest premium rates are with some of the smallest insurance companies. Smaller companies can often provide lower prices in certain areas than their larger competitors like Progressive or GEICO.
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