Buying the best cheap car insurance for a Dodge Grand Caravan doesn’t take a ton of time, but it relies on a pretty complex algorithm that uses a lot of factors such as how many years you have been driving, your profession, and the deductible amount you use. Drivers pay around $702 per year to insure their Grand Caravan, but that price is an approximation calculated based on a 30-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
The problem with using this number is the good chance you aren’t exactly 30 years old or even a female, possibly single instead of married, or maybe you have a teen driver on your policy that needs to be considered. Having even a minor difference in rating factors or requested coverage amount can make a big difference in how much coverage for a Dodge Grand Caravan costs.
Auto insurance requires individual risk assessment, so the only real way to find the cheapest insurance price for your Dodge is to do a thorough rate comparison. In just a few minutes you will receive price comparisons from the best auto insurance companies around.
Your vehicle’s trim level will most likely have an effect on the yearly cost, so the rate you pay to insure a Grand Caravan CV trim level will be $64 cheaper than the insurance cost for the more costly Grand Caravan SXT version, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$150||$212||$328||$20||$98||$808||$67|
|Grand Caravan SE||$150||$212||$328||$20||$98||$808||$67|
|Grand Caravan Hero||$150||$258||$328||$20||$98||$854||$71|
|Grand Caravan Crew||$168||$258||$328||$20||$98||$872||$73|
|Grand Caravan SXT||$168||$258||$328||$20||$98||$872||$73|
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can affect rates significantly.
Which insurance company is best in Albuquerque?
Picking a good quality insurance provider can be challenging considering how many companies provide coverage in New Mexico. The ranking information below could help you pick which coverage providers to look at when insurance shopping for a Dodge Grand Caravan. The ratings below are only comprised of the largest auto insurers in America, so smaller companies that only insure vehicles in New Mexico are not taken into consideration for these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
How violations and accidents impact rates
A great way to obtain good insurance rates for a Grand Caravan is to be a safe driver and have a clean driving record. The diagram below highlights how traffic violations and at-fault fender-benders can drive up insurance premiums for each different age category. The information is based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
The chart shows that the average cost of auto insurance per year with no violations or accidents is $1,228. Factor in two speeding tickets and the average cost increases to $1,734, an increase of $506 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of insurance for a Dodge Grand Caravan goes up to an average of $3,848. That’s an increase of $2,620, or $218 per month, just for a couple of infractions!
The importance of comparing Grand Caravan insurance rates
Albuquerque, NM insurance rates are determined by lots of factors which can substantially decrease or increase your annual premium. Improving your credit score, moving across town, or getting a speeding ticket may prompt premium changes resulting in some companies being more affordable than the competition.
In addition to those changes, insurers file new rates every year in order to be able to pay unexpected claims. Higher than usual claims may result in rate increases, while lower claims can cause cheaper Grand Caravan insurance rates.
The bar chart below shows the company with the cheapest car insurance in Albuquerque, NM for a 30-year-old female driver with no violations or accidents, and solid credit. If we compare prices based on her current risk factors, USAA offers the cheapest car insurance rates in Albuquerque at $875 each year. This is $693 less than the average premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers are also on the list of the most affordable Albuquerque, NM auto insurance companies.
Now we will give the driver from the first set of rates some claims, poor credit, and a blemish on her driving record. Since every car insurance company has their own unique process to determining premium rates, comparing rates most likely will result in a substantially altered list of the cheapest Albuquerque car insurance companies as shown below.
USAA now has the cheapest insurance rate in Albuquerque, NM with The Hartford, Safeco, Allied, and State Farm also being competitive. This example demonstrates why it is so important to take the time to shop around when trying to find cheap auto insurance rates for a Dodge Grand Caravan.
Insurance prices can be determined by many different factors and change dramatically, so the best company the last time you checked may now be quite expensive.
The insurance agencies below can probably help you decide which is the best policy, since lots of people like to have some professional guidance when trying to find the best insurance rates for a Grand Caravan. It can be hard to do it yourself, and insurance agents licensed in the state of New Mexico can give satisfaction knowing your coverage gives you enough coverage if you have a claim.
To locate an Albuquerque car insurance agency near you, click the link after the list.
Reggie Gallegos – State Farm Insurance Agent
2308 Eubank Blvd #B – Albuquerque, NM 87112 – (505) 298-8100
Ron Pino – State Farm Insurance Agent
4250 Coors Blvd SW a – Albuquerque, NM 87121 – (505) 877-1391
Aimee Abeyta – State Farm Insurance Agent
12836 Lomas Blvd NE a – Albuquerque, NM 87112 – (505) 292-3990
How to find the cheapest insurance for a Dodge Grand Caravan
It’s not impossible to find cheaper rates, and here are many penny-pinching suggestions that can help you get lower-cost auto insurance.
- Raise deductibles to save money
- Buy safe vehicles
- At-fault accidents will increase rates
- Clean up your credit
- Tickets and violations raise rates
- Keep rates low by shopping around frequently
The last idea is certainly critical, as we discussed in this piece. Auto insurance rates can change in a short period of time, so don’t be afraid to buy a different policy if you can save money. Having a favorite company is fine, but it’s not a great idea if it’s costing you a lot of money. In less than five minutes you could shop around and find cheaper car insurance for a Dodge Grand Caravan in Albuquerque.