How Much is Auto Insurance for a Dodge Grand Caravan in Colorado Springs?

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Dodge Grand Caravan insurance
Dodge Grand Caravan insurance image courtesy of QuoteInspector.com

Buying competitive auto insurance for a Dodge Grand Caravan can be really easy, but it is dependent upon a large number of rating criteria such as your marital status, if you have prior claims, and violations on your driving record. Colorado drivers pay around $948 each year to insure their Grand Caravan, but that price is an estimate based on a 50-year-old married male driver with full physical damage coverage and $100 deductibles.

It's more than likely you may not be 50 years old (or even male), you might be single instead of married, and maybe your Grand Caravan is older and does not require full coverage. Just a minor difference in rating factors or requested coverage amount could end up with a large change in the policy cost.

Not every driver requires the same auto insurance coverages, so the only way to find the cheapest insurance price for your Dodge is to do your own rate comparisons. Quotes only take a couple of minutes and you can get rates from top-rated car insurance companies around.

Cheapest Dodge Grand Caravan Insurance Rates

The specific trim level tends to impact price, so the rate you will pay to insure a Grand Caravan CV model will be $112 cheaper than the price to insure the higher-end Grand Caravan SXT version, as shown in the table below.

Dodge Grand Caravan Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $236 $382 $338 $20 $100 $1,076 $90
Grand Caravan SE $236 $382 $338 $20 $100 $1,076 $90
Grand Caravan Hero $236 $464 $338 $20 $100 $1,158 $97
Grand Caravan Crew $266 $464 $338 $20 $100 $1,188 $99
Grand Caravan SXT $266 $464 $338 $20 $100 $1,188 $99
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Table data does not factor in garaging location in Colorado Springs which can affect coverage prices greatly.

Insurance companies ranked

Buying coverage from a good quality auto insurance provider is hard considering how many companies provide coverage in Colorado. The information displayed below may help you decide which companies you want to consider putting your business with.

These ratings include the largest auto insurers in America, so smaller companies are not factored into the list. If you'd like to compare prices and find the cheapest rates for a Dodge Grand Caravan, just click here.

Top 10 Major Auto Insurance Companies in Colorado Springs Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. AAA Insurance
  7. State Farm
  8. Nationwide
  9. Safeco
  10. Esurance

Rate difference between full and liability-only coverage

Saving money when shopping for insurance is the goal of most people, and a good way to pay less for insurance for a Dodge Grand Caravan is to buy only liability coverage. The illustration below illustrates the difference between insurance costs with liability coverage only compared to full coverage. The data assumes no accidents, no driving violations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

If the expense is averaged for all age categories, comp and collision coverage costs an extra $1,744 per year more than just buying liability insurance. Many people question if you should buy full coverage at all. There is no specific rule that is best for determining when to drop full coverage on your policy, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.

There are a few situations where removing full coverage is not a good idea. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

Compare rates to save

Colorado Springs, CO insurance rates are impacted by many factors which can substantially decrease or increase the price of coverage. Simply having another birthday, buying a home, or getting a few speeding tickets can trigger price changes that can cause some rates to be affordable when they were higher priced.

Also, insurers file new Colorado car insurance rates every year to adjust for unexpected claims or profits. Higher than normal claims may result in more expensive prices, while a better loss history may produce lower-cost Grand Caravan insurance rates.

The chart below shows the companies that have the cheapest car insurance in Colorado Springs, CO for a 45-year-old male driver with a clear driving record, no claims, and a high credit rating. If we look at prices based on his current situation, The Hartford may have the lowest car insurance rates in Colorado Springs at $988 annually. This is $590 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also make the list of the top five cheapest Colorado Springs, CO auto insurance companies.

Let's now give the driver from the first rate comparison a chargeable claim, a lower credit rating, and an imperfect driving record. Since each insurance company uses their own method to determining premium rates, comparing insurance quotes will most likely result in a slightly different list of companies as shown below.

Auto-Owners now has the cheapest insurance rate in Colorado Springs with State Farm, American Family, Amica, and Progressive also having competitive pricing. This illustrates why it is crucial to take the time to shop around when trying to find cheap car insurance rates for a Dodge Grand Caravan. Prices are impacted by many risk factors and can change without notice, so the cheapest rate a year ago may now cost much more than other companies.

How to find cheaper insurance for a Dodge Grand Caravan

Below you'll find some thrifty solutions that can help Colorado Springs drivers get cheap car insurance.

That last piece of advice is remarkably significant, as was discussed in this piece. Coverage prices can change considerably based on profitability, so don't hesitate to switch companies if a cheaper rate is available.

Sticking with a specific company is fine, but is isn't recommended if it's costing you thousands of dollars over several years. It only take a few minutes to compare rates and find cheaper insurance for a Dodge Grand Caravan in Colorado Springs.