Compare Dodge Grand Caravan Insurance Rates in Newark

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Discount Dodge Grand Caravan insuranceHow many times have you told yourself to find more affordable Dodge Grand Caravan insurance in Newark? Are you regretting the purchase of an under-performing, overpriced car insurance policy? It's quite common and there are a lot of people in Newark just like you who feel imprisoned by their car insurance policy.

It's amazing but over 70% of consumers kept buying from the same company for four years or more, and approximately 40% of consumers have never shopped around. U.S. insurance shoppers could save themselves approximately $860 a year just by getting comparison quotes, but most just don't grasp how much money they would save if they switched to a more affordable policy.

How to find low-cost rates for Dodge Grand Caravan insurance in Newark

It takes a little time, but the best way to get the cheapest Dodge Grand Caravan insurance is to start comparing rates regularly from different companies in Newark. This can be done by following these steps.

Step 1: Try to learn about the coverage provided by your policy and the modifications you can make to keep rates low. Many factors that are responsible for high rates such as traffic tickets, fender benders, and a negative credit score can be controlled by paying attention to minor details.

Step 2: Quote rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agents can provide prices for a wide range of companies.

Step 3: Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you can save money and make a switch, ensure there is no coverage lapse between policies.

One piece of advice is to make sure you're comparing the same level of coverage on every quote and and to get rates from as many carriers as you can. Doing this helps ensure an apples-to-apples comparison and a complete price analysis.

Since vehicle owners have many choices of insurance companies that have affordable insurance for a Dodge Grand Caravan in Newark, it can be difficult for drivers to find the lowest cost insurance company.

Smart Consumers Save on Insurance

A large part of saving on auto insurance is knowing a few of the rating criteria that play a part in calculating the rates you pay for auto insurance. If you have a feel for what impacts premium levels, this empowers consumers to make smart changes that will entitle you to big savings.

The following are a few of the things used by companies to determine your rates.

Use credit responsibly and save - Your credit score can be a huge factor in determining your rates. Drivers with high credit scores tend to file fewer claims than drivers with lower credit ratings. So if your credit rating is low, you could pay less to insure your Dodge Grand Caravan by repairing your credit.

Auto insurance policy lapses increase prices - Driving any period of time without insurance is against the law and as a result your rates will increase for letting your coverage lapse. In addition to paying higher rates, getting caught without coverage may earn you a steep fine or even jail time.

Don't abuse auto insurance claims - If you frequently file small claims, you shouldn't be surprised to get much higher rates or policy non-renewal. Insurance companies in New Jersey give most affordable rates to policyholders who are not frequent claim filers. Auto insurance is designed for the large, substantial claims.

Gender and auto insurance - Over the last 30 years, statistics show women tend to be less risk to insure than men. However, this does not mean men are WORSE drivers than women. Men and women are in at-fault accidents in similar numbers, but the men have accidents that have higher claims. Men also statistically get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers have the highest risk to insure so it costs more to insure them.

The illustration below shows the difference between Dodge Grand Caravan yearly insurance costs for male and female drivers. The price estimates are based on no claims or violations, comp and collision included, $1,000 deductibles, single marital status, and no policy discounts are applied.

Lower comp and collision deductibles cost more - The deductibles you choose tell how much you are required to spend out-of-pocket if you file a covered claim. Physical damage protection, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some examples of claims that would be covered would be rear-ending another vehicle, collision with a deer, and damage caused by road hazards. The larger the amount you're willing to pay, the better rate you will receive.

Premiums are affected by your address - Choosing to live in areas with lower population has definite advantages when trying to find low car insurance rates. People who live in big cities tend to have more auto accidents and longer commute times. Lower population translates into fewer accident claims in addition to lower liability claims.

Your employer is a factor - Did you know your job can affect your rates? Jobs like judges, social workers, and miners tend to pay higher premium rates due to high stress and lengthy work days. Other jobs like farmers, students and homemakers receive lower rates.

Performance makes a difference - The performance of the vehicle you drive makes a big difference in the rate you pay. The lowest premiums are for the lowest performance passenger cars, but that's not the only thing that factors into the final price.

The data below uses these assumptions: single female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It compares Dodge Grand Caravan insurance premiums compared to other models of vehicles that have different risk factors.

Dodge Grand Caravan claim data - Companies analyze claim trends for every vehicle to calculate a price that will offset losses. Models that statistically have higher losses will have higher rates. The table below demonstrates the compiled insurance loss statistics for Dodge Grand Caravan vehicles.

For each policy coverage type, the loss probability for all vehicles, regardless of make, model or trim level, equals 100. Values below 100 suggest losses that are better than average, while values that are 100 or greater show a trend for more claims or a tendency for losses to be larger than average.

Insurance Loss Ratings for Dodge Grand Caravan Vehicles
Specific Dodge Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Dodge Grand Caravan 79 104 81 108 108 107

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Keep in mind that comparing more rates from different companies helps improve the odds of finding more affordable insurance.

The following companies have been selected to offer free quotes in New Jersey. If multiple companies are listed, it's highly recommended you visit two to three different companies in order to find the most competitive rates.

Dodge Grand Caravan coverage statistics

The data table displayed next covers detailed analysis of prices for Dodge Grand Caravan models. Learning as much as possible about how policy premiums are calculated is important for you to make smart choices when choosing a car insurance company.

Dodge Grand Caravan Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $318 $510 $452 $26 $136 $1,442 $120
Grand Caravan SE $318 $510 $452 $26 $136 $1,442 $120
Grand Caravan Hero $318 $620 $452 $26 $136 $1,552 $129
Grand Caravan Crew $360 $620 $452 $26 $136 $1,594 $133
Grand Caravan SXT $360 $620 $452 $26 $136 $1,594 $133
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in Newark location which can lower or raise coverage rates noticeably.

Should you raise deductibles?

A question often asked by Newark drivers is how low should you set your deductibles. The following tables may aid in understanding the rate fluctuation when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second price table uses a $500 deductible.

Dodge Grand Caravan insurance premium estimates 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
Get Your Own Custom Quote Go
Dodge Grand Caravan insurance premium estimates 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
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium costs do not factor in Newark location which can modify rates considerably.

Based on the figures above, using a $250 deductible will cost in the ballpark of $18 more each month or $216 every year than opting for the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you tend to have at a minimum 14 months between claims, you would save money if you decide on a higher deductible.

Should you buy full coverage?

The illustration below illustrates the difference between Dodge Grand Caravan auto insurance costs with liability coverage only compared to full coverage. The data is based on no claims or driving citations, $1,000 deductibles, single status, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no definitive rule to drop physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's pretend your Dodge Grand Caravan replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the policy deductible has been paid. If premium cost is more than $300 annually for your policy with full coverage, then it might be time to buy liability only.

There are some cases where removing full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Buying the right Grand Caravan insurance in New Jersey is an important decision

Despite the fact that car insurance is not cheap in Newark, insurance is required in New Jersey but also provides important benefits.

  • The majority of states have mandatory insurance requirements which means state laws require a specific minimum amount of liability insurance in order to get the vehicle licensed. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you took out a loan on your vehicle, almost all lenders will stipulate that you have physical damage coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Dodge at a more expensive rate and force you to pay much more than you were paying before.
  • Car insurance preserves both your assets and your Dodge Grand Caravan. It will also cover medical transport and hospital expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to have it repaired.

The benefits of buying car insurance are without a doubt worth the cost, especially if you ever need it. In a recent study of 1,000 drivers, the average customer is overpaying more than $810 a year so smart consumers compare quotes every year to make sure the price is not too high.

Save money by getting discounts

Companies that sell car insurance don't always list all discounts in an easy-to-find place, so the list below details a few of the more common and the harder-to-find insurance savings.Save money with discounts

  • Pay Early and Save - By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Drive Safe and Save - Safe drivers can get discounts for up to 45% lower rates as compared to drivers with claims.
  • Use Seat Belts - Using a seat belt and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Military Deployment Discount - Being deployed with a military unit may lower your premium rates slightly.
  • Multiple Policy Discount - When you combine your home and auto insurance and place coverage with the same company you will save over 10 percent off each policy depending on the company.
  • Defensive Driver Discounts - Participating in a safe driver course could possibly earn you a 5% discount and make you a better driver.
  • Driver Education Discount - Require your teen driver to participate in a local driver's education class in school.

A little note about advertised discounts, most credits do not apply to the whole policy. Most only cut the cost of specific coverages such as comprehensive or collision. So when it seems like adding up those discounts means a free policy, companies don't profit that way.

The illustration below shows the comparison of Dodge Grand Caravan yearly insurance costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or driving citations, New Jersey state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, safe-driver, multi-car, and marriage discounts applied.

A list of companies and some of the premium reductions they offer are detailed below.

  • State Farm discounts include defensive driving training, multiple autos, passive restraint, Steer Clear safe driver discount, and good driver.
  • Farmers Insurance offers discounts including pay in full, electronic funds transfer, teen driver, mature driver, and switch companies.
  • Progressive offers discounts for online signing, good student, online quote discount, multi-vehicle, homeowner, and continuous coverage.
  • GEICO may have discounts that include defensive driver, daytime running lights, good student, multi-policy, and military active duty.
  • Auto-Owners Insurance may offer discounts for anti-lock brakes, air bags, safe driver, paperless, paid in full, and company car.
  • The Hartford has discounts for air bag, bundle, anti-theft, good student, and vehicle fuel type.
  • Farm Bureau has savings for multi-vehicle, safe driver, good student, renewal discount, and 55 and retired.
  • USAA includes discounts for multi-policy, driver training, safe driver, loyalty savings, and family discount.

Before you buy a policy, ask every company which discounts can lower your rates. A few discounts might not be available to policyholders in your area. For a list of insurance companies who offer insurance discounts in New Jersey, click this link.

Local neighborhood insurance agents

Some people prefer to go talk to an agent and that is just fine! One of the great benefits of comparing rates online is that drivers can save money and get cheap rate quotes but still work with a licensed agent.

Insurance agency in NewarkFor easy comparison, once you complete this form (opens in new window), your information gets sent to agents in your area who can give free rate quotes for your business. You won't even need to contact any agents because prices are sent directly to you. You can find lower rates AND an agent nearby. If you have a need to get a rate quote from a specific company, just jump over to their website and fill out the quote form the provide.

Selecting an insurer requires you to look at more than just a cheap price. You should also get answers to these questions.

  • Is there a Errors and Omissions policy in force?
  • How long has their agency been in business in Newark?
  • Does the company allow you to choose your own collision repair facility?
  • How much experience to they have in personal lines coverages?
  • Does the company have a local claim office in Newark?
  • Is there any savings for paying the full premium?
  • If your car is totaled, how to they determine the replacement cost?
  • Do they have any clout with companies to ensure a fair claim settlement?

Shown below are Newark insurers that are able to give rate quotes for Dodge Grand Caravan insurance in Newark.

274 Chestnut St - Newark, NJ 07105 - (973) 274-0500 - View Map

326 Bloomfield Ave - Newark, NJ 07107 - (973) 481-5300 - View Map

650 Newark Ave - Elizabeth, NJ 07208 - (908) 352-3623 - View Map

681 1/2 Mt Prospect Ave - Newark, NJ 07104 - (973) 484-5772 - View Map

More insurance agents

Once you have acceptable answers to these questions in addition to an acceptable price estimate, you may have found a company that meets your needs to properly service your auto insurance policy. But keep in mind you are entitled to terminate your policy at any point so don't assume that you are obligated to a specific company for any length of time.

Shop around and save

Low-cost Dodge Grand Caravan insurance in Newark is definitely available on the web and with local Newark insurance agents, so you need to quote Newark car insurance with both in order to have the best chance of saving money. There are still a few companies who do not provide price quotes online and most of the time these small, regional companies work with local independent agents.

While you're price shopping online, it's very important that you do not reduce needed coverages to save money. Too many times, drivers have reduced comprehensive coverage or liability limits only to discover later that the savings was not a smart move. Your strategy should be to buy the best coverage you can find at the lowest possible cost.

We've covered quite a bit of information on how to reduce Dodge Grand Caravan insurance rates online in Newark. It's most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may even find the most savings is with a lesser-known regional company. These smaller insurers may only write in your state and offer lower auto insurance rates than their larger competitors like Progressive and GEICO.

How to find low-cost Dodge Grand Caravan insurance in Newark

Truthfully, the best way to get discount Dodge Grand Caravan insurance in Newark is to compare quotes once a year from insurance carriers who can sell car insurance in New Jersey.

  • Step 1: Try to comprehend how companies price auto insurance and the steps you can take to prevent rate increases. Many rating factors that result in higher rates such as careless driving and a not-so-good credit score can be remedied by improving your driving habits or financial responsibility.
  • Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive and State Farm, while agents who are independent can give you price quotes from multiple companies. View prices
  • Step 3: Compare the new rate quotes to the premium of your current policy and determine if cheaper Grand Caravan coverage is available. If you find better rates and change companies, make sure coverage is continuous and does not lapse.
  • Step 4: Provide proper notification to your current company of your intention to cancel your current auto insurance policy. Submit a down payment and signed policy application to your new carrier. When you receive it, place the new certificate of insurance above your visor, in the console, or in the glove compartment.

The most important part of this process is that you'll want to compare the same amount of coverage on every quote request and to quote with as many carriers as you can. This enables a fair rate comparison and a thorough selection of prices.

More detailed car insurance information is located at these sites: