How Much is Car Insurance for Dodge Caravan?
The average annual premium is $852 for minimum coverage and $1,596 for full coverage.
There are many car insurance coverage options available to Dodge Caravan drivers, including liability-only and full coverage. Liability-only policies only provide third-party benefits, helping to pay for the cost of bodily injury and damages sustained by other drivers. Full coverage is more robust, generally consisting of liability plus first-party benefits like collision and comprehensive.
Note that rates are not the same for every Dodge Caravan driver. One driver may pay more than the other depending on his/her age, gender, driving record, how the policy is structured (e.g., high deductible and high liability limits and vice versa), as well as discount eligibility.
Freeway Insurance agents will be more than glad to help you explore all of your options, providing a quick and easy way to compare multiple providers at once, and helping you save time and money.
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Comparing Insurance Costs for Dodge Caravan to Other Vehicles
These minivan drivers pay different premiums than competing makes and models thanks to several factors, including but not limited to the safety record, recall record, cost of parts /labor, body type, and even engine configuration, with performance options costing more to insure than base versions.
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Types of Car Insurance Coverage for Your Minivan
Drivers can benefit from a variety of auto insurance policies, including state minimum liability and full coverage.
Full coverage offers substantially greater protections than a state minimum liability policy, typically inclusive of a combination of liability, collision and comprehensive.
You may choose to include optional selections such as medical payments (MedPay), roadside assistance, rental car reimbursement, gap insurance, personal injury protection (PIP) and uninsured/underinsured motorist.
Although not required, these extra options typically cost several more dollars a year and can provide greater peace of mind while on the road.
As full coverage typically combines first-party benefits like physical damage protection (collision/comprehensive), expect to pay several hundred dollars more per year than a state minimum liability policy. With collision and comprehensive coverage, insurance will help cover the cost of repairing or replacing your vehicle minus your deductible, which is usually anywhere from $200 to $2,000.
Fortunately, there are several ways to save on full coverage. One way is to enroll in discount programs.
Here are four popular discount programs that may be available to you and how to get them (subject to change, depending on the insurer):
- Multi-car discount: Insuring more than one vehicle under the same policy
- Defensive driving discount: Awarded for completing a state-approved defensive driving course
- Bundling discount: Purchasing two or more policies from the same insurer (e.g., auto and homeowners)
- Low mileage discount: Awarded for driving less than the average number of miles per year. Specific mileage requirements vary by insurer.
State Minimum Liability
All Dodge Caravan drivers must carry the minimum liability insurance in adherence to state law.
Liability insurance generally comprises two coverages: bodily injury and property damage. A state’s required liability limits are expressed in three numbers, e.g., 25/50/10, which translates to $25,000 of bodily injury liability coverage per person, $50,000 of bodily injury liability per accident, and $10,000 of property damage liability per accident.
Some states have higher liability limits than others. For example, Nevada drivers must carry 25/50/20 coverage, which is $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident, and $20,000 in property damage liability per accident.
It is highly recommended that you opt for full over the state minimum liability thanks to its increased benefits, most notably with first-party benefits such as collision and comprehensive.
Individual Factors that Influence Pricing for a Caravan
Many factors influence the premiums drivers will pay.
Three factors that affect premiums include driving record, age/gender, and vehicle make and model.
- Drivers with a history of claims, speeding tickets, at-fault accidents, DUI convictions, and similar traffic offenses are generally classified as higher risk, so premiums are increased to offset the risk of paying out claims.
- Expect drivers under 25 to pay significantly higher premiums thanks to higher than average claims activity, riskier driving behavior, and overall lack of driving experience.
- The type of vehicle greatly influences premiums. Vehicles not equipped with safety features like anti-lock brakes, anti-theft devices, and daytime running lights may see higher premiums. This also applies to vehicles with extensive recall records and higher depreciation rates.
How Does a DUI Affect Insurance Rates for a Dodge?
Being convicted of a DUI is one of the worst things you can do as a driver.
Repercussions for DUI convictions include increased premiums, cancellation/non-renewal of policies, required SR-22 insurance and limited coverage.
A single DUI conviction can double or triple your premiums, remaining elevated for several years until the DUI conviction is no longer on your record. Likewise, insurance may also decide to cancel or outright reject your renewal, especially with two or more consecutive DUI convictions within a short period.
You may need to shop around and look for cheap DUI insurance options in order to afford your coverage.
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What Are Some of the Characteristics of the Dodge Caravan?
It is a vehicle in the minivan segment.
It comes in three trims: SE, SE Plug, and SXT, and a single 3.6-liter V6 engine option with 283 horsepower and 260-pound-feet of torque.
Standard features include sliding rear passenger doors, third-row Stow n’ Go seats, a six-speaker stereo, and a 6.5-inch touch screen. As of the 2020 model year, the Caravan has been discontinued, so Apple CarPlay/Android Auto compatibility is not included.
Main competitors are the Kia Carnival, Toyota Sienna, Honda Odyssey, and Chrysler Pacifica.
Find the Best Car Insurance Rates Online for Dodge Caravan Today
Freeway Insurance is ready to help you find an affordable policy for you and your family.
There are three ways to get started. Feel free to request a quote online, visit a Freeway Insurance office near you, or speak with one of our friendly agents by calling 800-777-5620. It will take less than 10 minutes to know if you are eligible for lower premiums than you are now. So get in touch with us today!