How long have you put off shopping around for low-cost car insurance rates in Denver, CO? Denver consumers have many options when looking for low-cost Dodge Grand Caravan insurance. You can either waste hours struggling with agents to compare prices or utilize the internet to get rate quotes. There are both good and bad ways to shop for car insurance so you're going to learn the best way to price shop coverage for a Dodge and obtain the cheapest rates either online or from Denver insurance agents.
It's astonishing, but most car insurance customers kept their policy with the same company for a minimum of four years, and nearly half have never compared rates with other companies. Denver consumers could save an average of up to $610 each year just by getting comparison quotes, but they just assume it's a time-consuming process to shop their coverage around.
If you have coverage now or need new coverage, follow these tips to shop for the lowest rates and possibly find even better coverage. This article will teach you how car insurance companies work and some tricks to saving. Drivers just need to understand the most effective way to shop from many different companies.
Best companies for Dodge Grand Caravan insurance
The companies shown below provide price quotes in Denver, CO. If several companies are displayed, it's a good idea that you compare several of them to find the lowest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$170||$252||$330||$20||$98||$870||$73|
|Grand Caravan SE||$252||$304||$460||$28||$138||$1,182||$99|
|Grand Caravan Hero||$212||$416||$456||$28||$136||$1,248||$104|
|Grand Caravan Crew||$328||$616||$456||$28||$136||$1,564||$130|
|Grand Caravan SXT||$328||$616||$456||$28||$136||$1,564||$130|
|Get Your Own Custom Quote Go|
Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Estimates do not factor in specific location information which can change rates noticeably.
Full coverage versus liability only rates
The illustration below shows the comparison of Dodge Grand Caravan auto insurance rates with full phyical damage coverage and with liability coverage only. Data assumes a clean driving record, no at-fault accidents, $250 deductibles, married male driver, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no definitive rule for phasing out full coverage, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let's say your Dodge Grand Caravan settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $6,000 after paying the physical damage deductible. If you are currently paying more than $600 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
There are some conditions where only buying liability is not in your best interest. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.
Auto insurance rates by gender and age in Denver
The illustration below shows the comparison of Dodge Grand Caravan auto insurance costs for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no discounts are factored in.
Score discounts on Denver car insurance
Car insurance is neither fun to buy or cheap, but there's a good chance there are discounts that can dramatically reduce your bill. Some discounts apply automatically at quote time, but a few need to be asked about before you get the savings. If you do not double check each discount you qualify for, it's possible you qualify for a lower rate.
- E-sign Discounts - A few larger online companies provide a small discount for completing your application on your computer.
- Theft Deterrent System - Vehicles equipped with tracking devices and advanced anti-theft systems are stolen less frequently and earn discounts up to 10% off your Denver auto insurance quote.
- Policy Bundle Discount - When you combine your auto and home insurance and insure them with the same company you could earn a discount of over 10 percent off each policy depending on the company.
- Passive Restraints - Vehicles equipped with air bags or automatic seat belts can get savings as much as 30%.
- Discounts for Multiple Vehicles - Buying insurance for multiple vehicles with the same company qualifies for this discount.
- ABS Braking Discount - Cars with anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
- Distant Student - Children who are enrolled in a college that is more than 100 miles from Denver and do not have a car can be insured at a reduced rate.
We need to note that some of the credits will not apply to the entire cost. Some only reduce specific coverage prices like collision or personal injury protection. Even though the math looks like adding up those discounts means a free policy, insurance companies wouldn't stay in business.
A few of the larger companies and a summarized list of policyholder discounts are:
- Mercury Insurance discounts include multi-car, location of vehicle, good student, low natural disaster claims, multi-policy, anti-theft, and professional/association.
- Farmers Insurance offers discounts for electronic funds transfer, youthful driver, early shopping, business and professional, multi-car, and teen driver.
- Farm Bureau policyholders can earn discounts including renewal discount, youthful driver, safe driver, multi-vehicle, good student, and driver training.
- State Farm includes discounts for passive restraint, defensive driving training, Steer Clear safe driver discount, student away at school, anti-theft, and driver's education.
- Allstate offers premium reductions for teenSMART discount, safe driver, FullPay discount, farm vehicle, and premier discount.
- GEICO may include discounts for multi-vehicle, anti-theft, emergency military deployment, good student, and anti-lock brakes.
Double check with all the companies which discounts you qualify for. Savings might not be offered on policies in your state. To view companies that have a full spectrum of discounts in Denver, follow this link.
There's no such thing as the perfect car insurance policy
When it comes to choosing insurance from an agent or online for your vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else's.
For instance, these questions can help discover if your insurance needs might need professional guidance.
- Who is covered by my policy?
- What if an uninsured driver hits me?
- If I drive on a suspended license am I covered?
- Is business equipment covered while in my vehicle?
- Will my insurance pay for OEM parts?
- Do I need to call my car insurance company before buying a new car?
- When would I need rental car insurance?
If it's difficult to answer those questions, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.
Shop online but buy locally
Many drivers would prefer to buy from a local agent and often times that is recommended Good insurance agents can answer important questions and will help you if you have claims. The best thing about comparing car insurance online is that drivers can save money and get the best rates and still choose a local agent.
By using this form (opens in new window), your insurance data is transmitted to agents in your area who want to provide quotes to get your business. It simplifies rate comparisons since you won't have to drive around as quotes are delivered to you directly. If you want to quote rates for a specific company, you would need to search and find their rate quote page and submit a quote form there.
Picking the best provider should depend on more than just a cheap price quote. Agents should be asked these questions:
- If they are an independent agency in Denver, which companies do they recommend?
- Are they properly licensed to sell insurance in Colorado?
- Is the agency active in community causes in Denver?
- Are aftermarket or OEM parts used to repair vehicles?
- Do they write coverage based solely on cost?
- When do they do policy reviews?
- Does the agent have professional designations like CIC, CPCU or AIC?
- Do they specialize in personal lines auto insurance in Denver?
Multiple types of auto insurance agents in Denver
When narrowing the list to find an insurance agent, you must know there are a couple different types of agencies and how they are distinctly different. Car insurance agencies can either be exclusive or independent. Either one can insure your vehicles, but it's a good idea to understand the subtle differences since it may influence your agent selection.
Exclusive Car Insurance Agencies
Exclusive agents are contracted to one company such as State Farm or Allstate. They are unable to give you multiple price quotes so keep that in mind. Exclusive agents are well schooled on their company's products which can be an advantage. Consumers sometimes use the same agent mainly due to high brand loyalty rather than low rates.
Below are Denver exclusive insurance agencies that are able to give price quotes.
- Farmers Insurance Agent Mike
I-25 - Denver, CO 80231 - (303) 752-2900 - View Map
- Austin Domsch - State Farm Insurance Agent
400 S Colorado Blvd #890 - Denver, CO 80246 - (303) 321-0895 - View Map
- Bao Ngoc Nguyen - State Farm Insurance Agent
1699 S Federal Blvd b - Denver, CO 80219 - (303) 975-1100 - View Map
Independent Agents (or Brokers)
Agents in the independent channel are not locked into one company and that is an advantage because they can write policies with a variety of different insurance companies enabling the ability to shop coverage around. If prices rise, your policy is moved internally and the insured can keep the same agent. If you are comparing car insurance prices, it's a good idea to get some free quotes from at a minimum one independent agency in order to have the best price comparison. Most can insure with smaller mutual companies that may provide cheaper car insurance rates.
Below are independent agents in Denver willing to provide rate quotes.
- Westwood Insurance
57 W Alameda Ave - Denver, CO 80223 - (303) 722-2841 - View Map
- L A Insurance
2684 S Broadway - Denver, CO 80210 - (303) 282-8000 - View Map
- FUSA Insurance Agency
7900 E Union Ave #200 - Denver, CO 80237 - (303) 752-5806 - View Map
The largest companies are not always cheapest
Colorado consumers get pounded daily by advertisements that claim the lowest premium rates from the likes of GEICO, State Farm and Progressive. They all advertise the message that you can save if you get a free Denver auto insurance quote and switch your coverage.
How do they all claim to save you money? Here is the trick they use.
Many companies quote their best rates for the type of insured that will generate a profit. A good example of this type of risk profile might be described as a married male, carries high limits, and has great credit. A customer getting a price quote who meets those qualifications is entitled to the best price and will also save when they switch companies.
Drivers who don't qualify for these standards may receive higher prices and this can result in the driver buying from a lower-cost company. If you listen to the ad wording, they say "drivers that switch" not "everyone that quotes" save the amount stated. That is how insurance companies can confidently claim big savings. This really drives home the point why drivers should compare as many free Denver auto insurance quotes as you can. Because without a comparison, you cannot know the company that will have the best Dodge Grand Caravan insurance in Denver.
Knowing the specifics of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy.
Coverage for collisions
This covers damage to your Grand Caravan from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as colliding with a tree, scraping a guard rail, hitting a parking meter and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible on your Grand Caravan to get cheaper collision coverage.
Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 25/50/15 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $15,000 paid for damaged property.
Liability coverage pays for claims like loss of income, attorney fees and bail bonds. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford. Colorado requires drivers to carry at least 25/50/15 but drivers should carry more coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage protects you and your vehicle's occupants when the "other guys" are uninsured or don't have enough coverage. It can pay for injuries sustained by your vehicle's occupants and also any damage incurred to your Dodge Grand Caravan.
Due to the fact that many Colorado drivers only purchase the least amount of liability that is required (25/50/15), their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive auto coverage
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from a tornado or hurricane, vandalism and fire damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like nursing services, dental work, EMT expenses and chiropractic care. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
You can find cheaper coverage
Consumers leave their current company for any number of reasons including questionable increases in premium, poor customer service, high rates after DUI convictions or even delays in responding to claim requests. It doesn't matter what your reason, choosing a new company is actually quite simple.
We covered a lot of techniques to shop for Dodge Grand Caravan insurance online. The most important thing to understand is the more quotes you get, the higher your chance of finding inexpensive Denver auto insurance quotes. Consumers could even find that the best price on car insurance is with a smaller regional carrier.
When trying to cut insurance costs, it's not a good idea to buy less coverage just to save a little money. There have been many situations where an accident victim reduced collision coverage and discovered at claim time that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage at the best price while not skimping on critical coverages.
To read more, take a look at the resources below: