Dodge Grand Caravan Insurance Rates in Madison

Insurance for Dodge Grand CaravanIt’s an obvious conclusion that car insurance companies don’t want policyholders to shop around. People who rate shop once a year are very likely to move their business because they have a good chance of finding a policy with better rates. Remarkably, a study showed that people who faithfully checked for cheaper rates saved on average $850 each year compared to policyholders who never shopped around for cheaper prices.

If finding budget-friendly rates on auto insurance is your goal, then having a grasp of the best ways to find and compare coverage rates can help simplify the task of finding more affordable coverage.

The preferred way to find cheaper quotes for auto insurance rates in Madison is to start comparing prices yearly from insurers in Wisconsin.

One tip to remember is to make sure you enter identical coverages on every price quote and and to get prices from as many different companies as possible. This guarantees an apples-to-apples comparison and the best price quote selection.

If you have a current car insurance policy, you will surely be able to reduce premiums using this information. Buying the cheapest car insurance in Madison is quite easy. But Wisconsin vehicle owners must know the way insurance companies price online insurance because it can help you find the best coverage.

Just remember that making a lot of price comparisons helps locate the best rates. Not every company does Madison Grand Caravan insurance quotes online, so you also need to get price estimates from them, too.

The car insurance companies shown below provide comparison quotes in Madison, WI. If multiple companies are listed, it’s a good idea that you compare several of them to get a more complete price comparison.

Coverage statistics and figures

The coverage table shown next showcases detailed analysis of insurance coverage prices for Dodge Grand Caravan models. Learning how insurance premiums are figured can assist in making smart choices when purchasing an insurance policy.

Dodge Grand Caravan Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $136 $204 $216 $12 $64 $632 $53
Grand Caravan SE $136 $204 $216 $12 $64 $632 $53
Grand Caravan Hero $136 $248 $216 $12 $64 $676 $56
Grand Caravan Crew $154 $248 $216 $12 $64 $694 $58
Grand Caravan SXT $154 $248 $216 $12 $64 $694 $58
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Cost estimates assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Wisconsin minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in specific location information which can change prices noticeably.

Physical damage deductibles

One of the more difficult decisions when buying car insurance is the level to set your comp and collision deductibles. The tables below can help you visualize the price difference of buying low and high comp and collision deductibles. The first data table uses a $100 deductible and the second price grid uses a $1,000 deductible.

Dodge Grand Caravan insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $198 $294 $230 $14 $68 $829 $69
Grand Caravan SE $198 $294 $230 $14 $68 $829 $69
Grand Caravan Hero $198 $358 $230 $14 $68 $893 $74
Grand Caravan Crew $224 $358 $230 $14 $68 $919 $77
Grand Caravan SXT $224 $358 $230 $14 $68 $919 $77
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Dodge Grand Caravan insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $110 $154 $230 $14 $68 $576 $48
Grand Caravan SE $110 $154 $230 $14 $68 $576 $48
Grand Caravan Hero $110 $188 $230 $14 $68 $610 $51
Grand Caravan Crew $124 $188 $230 $14 $68 $624 $52
Grand Caravan SXT $124 $188 $230 $14 $68 $624 $52
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in zip code location which can alter premium rates noticeably.

Based on the figures above, using a $100 deductible costs about $23 more each month or $276 for a full year averaged for all Grand Caravan models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 39 months between claim filings, you would more than likely save some money if you decide on a higher deductible. The table below shows an example of how you can perform this determination yourself.

Average monthly premium for $100 deductibles: $73
Average monthly premium for $1,000 deductibles (subtract): – $50
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

An important thing to remember is that raising deductibles results in a higher out-of-pocket expense when you have a physical damage claim. You will want to have access to more funds in the event you have to pay more for the deductible.

The illustration below demonstrates how choosing different deductibles and can affect Dodge Grand Caravan yearly insurance costs for different age categories. The premium estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.

Cost comparison with and without full coverage

The example below compares Dodge Grand Caravan insurance rates when comparing full coverage to state minimum liability only. The information is based on no claims or driving citations, $100 deductibles, drivers are single, and no discounts are applied.

When to eliminate full coverage

There is no specific rule for excluding physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let’s say your Dodge Grand Caravan replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after the deductible is paid. If premium cost is more than $300 annually for physical damage coverage, then it could be time to drop full coverage.

There are some scenarios where only buying liability is not recommended. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Three reasons car insurance is important

Despite the high cost, car insurance is required in Wisconsin but it also protects you in many ways.

First, just about all states have minimum liability requirements which means state laws require a specific level of liability insurance in order to be legal. In Wisconsin 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.

Second, if you took out a loan on your car, most lenders will make it mandatory that you have full coverage to protect their interest in the vehicle. If the policy lapses, the lender will be forced to insure your Dodge for a lot more money and require you to reimburse them the higher premium.

Third, car insurance protects not only your vehicle but also your financial assets. It will also reimburse you for medical transport and hospital expenses that are the result of an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense in the event you are sued. If you have damage to your Dodge as the result of the weather or an accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.

The benefits of insuring your Grand Caravan are definitely more than the cost, especially when you need to use it. An average driver in America is wasting up to $869 every year so compare rate quotes once a year at a minimum to ensure rates are inline.

The Dodge Grand Caravan Insurance Rate Equation

Lots of things are used when pricing auto insurance. Some are pretty understandable such as your driving record, but others are not as apparent such as your marital status or your commute time. The best way to find cheaper auto insurance is to take a look at some of the things that go into determining your policy premiums. If you understand what influences your rates, this allows you to make educated decisions that may result in lower rates.

The itemized list below are just a few of the factors auto insurance companies consider when setting your premiums.

Auto insurance discounts are available to get cheap rates

Car insurance companies don’t always publicize all their discounts in a way that’s easy to find, so the next list breaks down a few of the more common in addition to some of the lesser obvious credits that you can use to lower your rates.Discount auto insurance

Please keep in mind that most of the big mark downs will not be given to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think you can get free auto insurance, companies don’t profit that way. But any discount will help lower your auto insurance premiums.

The chart below illustrates the difference between Dodge Grand Caravan car insurance rates with and without some available policy discounts. The costs are based on a female driver, no violations or claims, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, safe-driver, marriage, multi-car, homeowner, and claim-free discounts applied.

To see a list of insurers with significant discounts in Wisconsin, follow this link.

When should I contact a local insurance agent?

Some people prefer to buy from a local agent and that is not a bad decision The biggest benefit of getting free rate quotes online is that you can find cheaper premium rates but also keep your business local. And supporting local agencies is still important in Madison.

Find insurance agent in MadisonTo find an agent, once you fill out this simple form, your insurance data is transmitted to agents in your area who can give free rate quotes for your insurance coverage. It simplifies rate comparisons since you won’t have to contact any agents due to the fact that quote results will go to your email. You can get cheaper insurance rates and an insurance agent to talk to. If you have a need to get a comparison quote for a specific company, feel free to search and find their rate quote page and submit a quote form there.

If you’re trying to find a reliable agent, it’s helpful to know the types of agencies and how they function. Insurance policy providers can be categorized as either independent (non-exclusive) or exclusive.

Independent Insurance Agents (or Brokers)

Agents of this type can sell policies from many different companies so they can insure your vehicles through lots of different companies and find the cheapest rate. If you are not satisfied with one company, they simply move the coverage in-house which makes it simple for you. If you are comparing rate quotes, you should always include at least one independent agent for the best price selection.

Featured below is a short list of independent insurance agencies in Madison that may be able to provide free insurance quotes.

525 Junction Rd #8505Madison, WI 53717(608) 204-7055View Map

1800 Deming WayMadison, WI 53717(608) 836-3000View Map

2960 Triverton Pike Dr Suite 101Madison, WI 53711(608) 273-3325View Map

View more Madison agents

Exclusive Insurance Agencies

Exclusive insurance agents write business for a single company and some examples include Farmers Insurance or State Farm. They are unable to give you multiple price quotes so they are skilled at selling on more than just price. These agents are very knowledgeable on what they offer which can be an advantage.

Shown below is a short list of exclusive insurance agents in Madison willing to provide comparison quotes.

712 S Gammon RdMadison, WI 53719(608) 274-4147View Map

1915 Winnebago St #102Madison, WI 53704(608) 237-3747View Map

3821 Nakoma RdMadison, WI 53711(608) 231-2453View Map

View more Madison agents

Selecting an insurance agent shouldn’t rely on just the bottom line cost. Ask your prospective agent these questions:

Madison auto insurance company ratings

Choosing a high-quality company can be a challenge considering how many companies sell insurance in Wisconsin. The company rank data shown next could help you choose which car insurance providers to look at when comparing rate quotes.

Top 10 Madison Car Insurance Companies Overall

  1. USAA
  2. 21st Century
  3. GEICO
  4. Nationwide
  5. AAA Insurance
  6. Liberty Mutual
  7. Safeco Insurance
  8. State Farm
  9. Travelers
  10. American Family

Top 10 Madison Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Erie Insurance – A+
  9. Progressive – A+
  10. Allstate – A+

Compare. Compare. Compare.

We just covered many tips how you can shop for Dodge Grand Caravan insurance online. The key thing to remember is the more quotes you get, the better your comparison will be. Drivers may even discover the best car insurance rates are with a small mutual company. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Progressive and GEICO.

When shopping online for insurance, do not skimp on coverage in order to save money. Too many times, someone sacrificed uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage for the lowest price, but do not skimp to save money.

Much more information about insurance in Wisconsin is available at these links: