Save Money on Dodge Grand Caravan Insurance in Jersey City

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Discount Dodge Grand Caravan insuranceAre you trying to find lower-priced Dodge Grand Caravan insurance in Jersey City? Sick and tired of sacrificing each month for auto insurance? You are in the same boat as the majority of other people in New Jersey.

It's a known fact that insurance companies don't want you to look for a cheaper policy. Consumers who do rate comparisons will probably buy a different policy because there is a good chance of finding good coverage at a lower price. A recent auto insurance study revealed that drivers who shopped around annually saved $70 a month as compared to drivers who never compared rates.

If finding the lowest price for Dodge Grand Caravan insurance is why you're here, then having some knowledge of how to shop and compare auto insurance can help simplify the task of finding more affordable coverage. Big companies like GEICO, Farmers Insurance and State Farm all claim big savings, bombarding you with advertising and it is difficult to ignore the promise of big savings and take the time to shop coverage around.

You should make it a habit to shop coverage around at least once a year because auto insurance prices are usually higher with each renewal. Even if you got the lowest price on Dodge Grand Caravan insurance in Jersey City a couple years back you may be paying too much now. Ignore everything you know about auto insurance because it's time to teach you the things you must know in order to find lower rates on auto insurance.

Companies offering cheap Dodge Grand Caravan rates in Jersey City, NJ

The providers in the list below offer comparison quotes in New Jersey. To find the best auto insurance in Jersey City, we recommend you visit as many as you can in order to find the most competitive rates.

Rates and detailed analysis

The price information shown below showcases a range of policy rates for Dodge Grand Caravan models. Being able to understand how prices are established helps drivers make smart choices when comparing insurance rates.

Dodge Grand Caravan Insurance Rates in Jersey City, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $412 $632 $648 $38 $194 $1,924 $160
Grand Caravan SE $412 $632 $648 $38 $194 $1,924 $160
Grand Caravan Hero $412 $770 $648 $38 $194 $2,062 $172
Grand Caravan Crew $466 $770 $648 $38 $194 $2,116 $176
Grand Caravan SXT $466 $770 $648 $38 $194 $2,116 $176
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Information does not factor in zip code location which can lower or raise coverage rates considerably.

Policy deductibles

When comparing auto insurance rates, the most common question is which deductible level should you buy. The comparison tables below approximate the cost difference when you choose different deductibles. The first table uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.

Dodge Grand Caravan insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $372 $514 $480 $28 $144 $1,563 $130
Grand Caravan SE $372 $514 $480 $28 $144 $1,563 $130
Grand Caravan Hero $372 $626 $480 $28 $144 $1,675 $140
Grand Caravan Crew $420 $626 $480 $28 $144 $1,723 $144
Grand Caravan SXT $420 $626 $480 $28 $144 $1,723 $144
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Dodge Grand Caravan insurance prices with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $302 $414 $480 $28 $144 $1,368 $114
Grand Caravan SE $302 $414 $480 $28 $144 $1,368 $114
Grand Caravan Hero $302 $504 $480 $28 $144 $1,458 $122
Grand Caravan Crew $340 $504 $480 $28 $144 $1,496 $125
Grand Caravan SXT $340 $504 $480 $28 $144 $1,496 $125
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price information does not factor in specific garaging location which can influence price quotes significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $18 more each month or $216 a year across all Dodge Grand Caravan models than choosing the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 14 months between claims, you would come out ahead by selecting a higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $138
Average monthly premium for $500 deductibles (subtract): - $120
Monthly savings from raising deductible: $18
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

Dodge Grand Caravan full coverage rates compared to liability only

The illustration below illustrates the comparison of Dodge Grand Caravan car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on a clean driving record, no claims, $1,000 deductibles, marital status is single, and no other discounts are factored in.

When to eliminate full coverage

There is no specific rule to exclude comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let's say your Dodge Grand Caravan book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after the policy deductible has been paid. If premiums are more than $200 a year for full coverage, then you might want to think about dropping full coverage.

There are some cases where only buying liability is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.

Dodge Grand Caravan insurance discounts in Jersey City

Properly insuring your vehicles can get expensive, but there's a good chance there are discounts that you may not even know about. Certain discounts will be applied when you complete an application, but once in a while a discount must be inquired about before you will receive the discount.Save money with discounts

  • First Accident Forgiveness - This one isn't a discount, but some insurance companies allow you one accident without getting socked with a rate hike if your claims history is clear before the accident.
  • Clubs and Organizations - Joining specific professional or occupational memberships or organizations may earn a discount when shopping for insurance.
  • Pay Upfront and Save - If you pay your entire premium ahead of time rather than spreading payments over time you may reduce your total bill.
  • Passive Restraints - Vehicles equipped with air bags can qualify for discounts of 20 to 30 percent.
  • No Claim Discounts - Drivers who don't have accidents pay much less compared to drivers with a long claim history.
  • Discounts for Federal Employees - Having worked for a branch of the government may qualify for a discount when you quote Jersey City auto insurance with select insurance companies.
  • College Student - Youth drivers who live away from home at college and do not take a car to college could qualify for this discount.
  • Telematics Data - Policyholders that allow their insurance company to analyze driving patterns by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate may see discounts if their driving habits are good.
  • Multi-Vehicle Discounts - Drivers who insure multiple vehicles with one company can get a discount for every vehicle.

Discounts lower rates, but most credits do not apply to the whole policy. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like adding up those discounts means a free policy, companies wouldn't make money that way.

The chart below illustrates the difference between Dodge Grand Caravan insurance premiums with and without discounts. The prices are based on a female driver, no driving violations, no at-fault accidents, New Jersey state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, multi-car, homeowner, and marriage discounts applied.

Large insurance companies and their offered discounts include:

  • Progressive policyholders can earn discounts including homeowner, multi-policy, multi-vehicle, good student, continuous coverage, and online quote discount.
  • Farmers Insurance has savings for switch companies, business and professional, alternative fuel, good student, and distant student.
  • Farm Bureau discounts include youthful driver, multi-policy, 55 and retired, multi-vehicle, driver training, safe driver, and renewal discount.
  • State Farm has discounts for Steer Clear safe driver discount, student away at school, good student, good driver, multiple policy, and passive restraint.
  • GEICO may include discounts for daytime running lights, five-year accident-free, emergency military deployment, driver training, and anti-theft.
  • SAFECO may offer discounts for safe driver, teen safety rewards, teen safe driver, homeowner, bundle discounts, and multi-car.
  • Liberty Mutual includes discounts for new vehicle discount, good student, safety features, newly retired, exclusive group savings, and preferred payment discount.

Before purchasing a policy, check with every prospective company which credits you are entitled to. Depending on the company, some discounts might not apply in Jersey City.

Good Decisions Result in Lower Insurance Premiums

Lots of things are used in the calculation when pricing auto insurance. Some of the criteria are obvious such as traffic violations, but other criteria are not quite as obvious such as your credit history and annual miles driven. Smart consumers have a good feel for the factors that play a part in calculating the price you pay for insurance. When you know what positively or negatively controls the rates you pay, this enables informed choices that may result in big savings.

  • Mature drivers pay less - Youthful drivers in New Jersey have been known to be inattentive and easily distracted when driving so they pay higher insurance rates. More mature drivers have been proven to be more responsible, cost insurance companies less in claims, and are generally more financially stable.

    The next chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • Poor credit decisions can cost you - A driver's credit score factor in determining your rates. People that have very good credit scores tend to be better drivers and file fewer claims than drivers with lower credit ratings. If your credit score can use some improvement, you could be paying less to insure your Dodge Grand Caravan by taking the time to improve your credit score.
  • Responsible drivers pay less - Careful drivers receive lower rates as compared to careless drivers. Having just one citation may cause rates to rise to the point where it's not affordable. Drivers who have careless violations like reckless driving or DUI may find that they have to to complete a SR-22 with their state DMV in order to drive a vehicle legally.

    The example below demonstrates how speeding tickets and at-fault collisions raise Dodge Grand Caravan insurance costs for different age groups. The information is based on a married male driver, full coverage, $250 deductibles, and no discounts are applied.

  • Safety ratings are a factor - Vehicles with high crash test scores can get you lower premiums. The safest vehicles reduce injuries and reduced instances of injuries means your insurance company pays less and lower rates for you. If your Dodge Grand Caravan scored at minimum an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
  • Your employer is a factor - Jobs like doctors, executives, and medical professionals usually pay higher rates than average due to intense work requirements and lengthy work days. On the flip side, jobs like farmers, athletes and performers generally pay rates lower than average.
  • Do females or males drive better? - Statistics have proven women tend to be less risk to insure than men. That doesn't necessarily mean that men are worse drivers. Females and males get in accidents at about the same rate, but the males cause more damage. Men also receive more major tickets like DUI and reckless driving. Young males generally have the highest accident percentage and thus pay the highest rates.

    The illustration below visualizes the comparison of Dodge Grand Caravan auto insurance rates for male and female drivers. The premiums assume a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, single status, and no policy discounts are applied.

  • Performance influences costs - The performance level of the car or truck you are buying insurance for makes a huge difference in your car insurance bill. The lowest base rates are usually for the lowest performance passenger models, but your final cost has many other factors.

    The following chart uses these assumptions: single male driver age 50, full coverage with $500 deductibles, and no discounts or violations. It shows Dodge Grand Caravan car insurance rates compared to other models of vehicles that have a range of performances.

  • Insurance losses for a Dodge Grand Caravan - Insurance companies factor in insurance loss information when setting premium prices. Models that the data determines to have increased claim numbers or amounts will cost more to insure.

    The table below shows the collected loss data for Dodge Grand Caravan vehicles. For each insurance policy coverage type, the claim amount for all vehicles, without regard to make or model, is a value of 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values that are above 100 show a trend for more claims or an increased chance of a larger loss.

    Insurance Loss Ratings for Dodge Grand Caravan Vehicles
    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: Insurance Institute for Highway Safety for 2013-2015 Model Years

How do I know if I need professional advice?

When it comes to choosing adequate coverage, there really is no cookie cutter policy. Everyone's situation is unique.Drive safe and save

For example, these questions might point out whether or not you might need an agent's assistance.

  • Are rental cars covered under my policy?
  • Who is covered by my policy?
  • Do I benefit by insuring my home with the same company?
  • Is my teen driver covered when they drive my company car?
  • I have health insurance so do I need medical payments coverage?
  • What is PIP insurance?
  • When should I have rental car coverage?
  • Is coverage enough to protect my assets?
  • If my car is totaled with they pay enough to replace it?

If you're not sure about those questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don't have a local agent, simply complete this short form. It's fast, free and can help protect your family.

What if I want to buy from local Jersey City insurance agencies?

Certain consumers would prefer to get professional advice from a licensed agent and that is not a bad decision Licensed agents can help you build your policy and help submit paperwork. The biggest benefit of comparing insurance prices online is the fact that drivers can get lower rates and also buy local. Putting coverage with local agents is especially important in Jersey City.

Insurance agency in Jersey CityAfter filling out this quick form, the quote information is submitted to insurance agents in Jersey City that provide free Jersey City auto insurance quotes for your car insurance coverage. It makes it easy because there is no need to find an agent on your own since price quotes are sent instantly to you. If you wish to compare rates from one company in particular, feel free to search and find their rate quote page and complete a quote there.

Choosing an company requires more thought than just the bottom line cost. Any good agent in Jersey City should know the answers to these questions.

  • Do they carry Errors and Omissions coverage?
  • Has the agent ever had any license suspensions?
  • Which company do they place the most coverage with?
  • Are they actively involved in the community?
  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • Do they offer claims assistance after hours?
  • Are they able to influence company decisions when a claim is filed?
  • Do they specialize in personal lines auto insurance in Jersey City?

Find cheap rates by being thorough

We covered quite a bit of information on how to compare Dodge Grand Caravan insurance premium rates in Jersey City. It's most important to understand that the more rate comparisons you have, the better likelihood of getting cheaper Jersey City auto insurance quotes. You may even find the most savings is with a smaller regional carrier.

While you're price shopping online, it's not a good idea to reduce needed coverages to save money. There have been many situations where an accident victim reduced physical damage coverage only to find out that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at the best price and still be able to protect your assets.

People change insurance companies for a number of reasons such as policy non-renewal, being labeled a high risk driver, extreme rates for teen drivers or an unsatisfactory settlement offer. Regardless of your reason for switching companies, finding a great new company is less work than it seems.

Steps to finding lower priced Dodge Grand Caravan insurance in Jersey City

The most effective way to get low-cost Dodge Grand Caravan insurance in Jersey City is to make a habit of regularly comparing prices from different companies in New Jersey. Drivers can shop around by following these steps.

  • First, get a basic knowledge of the different coverages in a policy and the measures you can take to keep rates low. Many rating criteria that cause high rates such as traffic violations and a not-so-good credit rating can be eliminated by making small lifestyle or driving habit changes.
  • Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like Progressive or Allstate, while independent agents can quote prices for a wide range of companies.
  • Third, compare the quotes to your existing policy to see if a cheaper rate is available in Jersey City. If you find better rates, ensure there is no coverage lapse between policies.
  • Fourth, notify your agent or company of your intent to cancel your current policy. Submit payment and a completed application to the new company. As soon as coverage is bound, put the proof of insurance certificate in your glove compartment.

An important note is to use similar limits and deductibles on each quote and and to compare every company you can. This helps ensure the most accurate price comparison and a thorough selection of prices.

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