Who Has Affordable Car Insurance for a Dodge Grand Caravan in Lubbock?

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

Buying competitive auto insurance for a Dodge Grand Caravan is pretty simple for most people to do, but it relies on a complicated formula that considers factors such as the age of the Grand Caravan, the likelihood of vehicle theft, and physical damage deductibles. Texas drivers will pay on average $860 a year for Grand Caravan insurance, but that is a projection calculated based on a 50-year-old single female driver with full coverage and $1,000 deductibles.

But there is a good chance that you may not be 50 years old (or even female), married instead of single, or maybe you have a speeding ticket that needs to be factored in. Even a slight change in rating factors or requested coverage amount could result in a significant change in the cost of insurance.

This demonstrates why the only real way to find cheap insurance rates for your Dodge is to compare as many rates as possible. In just a few minutes you can get prices from some of the best insurers available.

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The specific model of Grand Caravan tends to have a direct effect on the insurance rate, so the price you will be charged to insure a Grand Caravan CV trim level will be $74 lower than the cost to insure the high end Grand Caravan SXT model, as demonstrated by the prices below.

Dodge Grand Caravan Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $156 $252 $430 $26 $128 $992 $83
Grand Caravan SE $156 $252 $430 $26 $128 $992 $83
Grand Caravan Hero $156 $306 $430 $26 $128 $1,046 $87
Grand Caravan Crew $176 $306 $430 $26 $128 $1,066 $89
Grand Caravan SXT $176 $306 $430 $26 $128 $1,066 $89
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate quotes do not factor in garaging location in Lubbock which can impact price quotes significantly.

What is the best insurance company in Texas?

Buying coverage from a highly-rated company can be a challenge considering how many companies are available to choose from in Texas. The ranking information displayed below could help you analyze which car insurance companies to look at comparing prices from. The rankings below are only comprised of large, nationwide insurance companies, so companies without a large exposure are not included in this list.

Top 10 Large Auto Insurance Companies in Lubbock Ranked by A.M. Best Rating

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

Top 10 Large Auto Insurance Companies in Lubbock Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

The example below highlights how deductible selection can impact insurance rates when trying to find cheap insurance for a Dodge Grand Caravan. The rate quotes are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

In the chart above, a 50-year-old driver could lower their policy premium by $310 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $468 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old category, could lower their rates up to $772 annually by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it will be required to have enough spare savings to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Shop around and save

Lubbock, TX insurance rates are impacted by many things that can increase the price you have to pay. Improving your credit score, moving to a different location, or getting caught speeding may generate price changes resulting in some companies being more affordable than others.

In addition to those changes, insurance companies change their prices without warning in order to protect their financial rating. An extended period of higher than normal claims may cause more expensive premiums, while better underwriting can result in cheaper Grand Caravan insurance rates.

The graph below shows a variety of companies that have the cheapest car insurance in Lubbock, TX for a 40-year-old female driver with a good driving record, no prior claims, and good credit. If we look at prices based on her personal risk profile, Travelers has the most affordable car insurance rates in Lubbock at $1,213 each year. This is $691 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the rest of the cheapest Lubbock, TX auto insurance companies.

Now let's give the driver in the first example some claims, bad credit, and a speeding citation. Because each company has a unique formula to determining premium rates, comparing rates may now show a different list of affordable Lubbock car insurance companies as shown below.

State Farm now has the cheapest insurance rate in Lubbock, TX with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This shows why Texas drivers need to do a thorough rate comparison to get affordable car insurance quotes for a Dodge Grand Caravan. Car insurance prices can be determined by many factors and change substantially, so the lowest-price company the last time you shopped your coverage around may now be wasting a lot of money.