Do you want to save money by buying the cheapest auto insurance rates in Lubbock, TX? Lubbock shoppers have a choice when shopping for affordable Dodge Grand Caravan insurance. You can either spend your time calling around getting price quotes or use the internet to compare rates.
There are both good and bad ways to buy auto insurance and we’ll show you the proper way to quote coverages on a Dodge and find the lowest possible price either online or from Lubbock insurance agents.
This information will teach you the best way to buy inexpensive insurance and some money-saving tips. If you have insurance now, you will definitely be able to reduce premiums using these tips. You just have to know the most time-saving way to buy insurance online.
Lubbock Insurance Costs are Influenced by These Factors
It’s important that you understand the different types of things that play a part in calculating car insurance rates. If you know what influences your rates, this empowers consumers to make smart changes that may reward you with lower car insurance prices. Many different elements are part of the calculation when you quote your car insurance policy. A few of the factors are predictable like an MVR report, although others are more obscure such as whether you are married or your vehicle rating.
Listed below are a few of the “ingredients” utilized by car insurance companies to help set your premiums.
- Rates may be lower depending on your job – Did you know your occupation can influence how much you pay for car insurance? Careers like lawyers, social workers, and medical professionals generally pay the highest average rates in part from intense work requirements and incredibly demanding work hours. Conversely, professions such as farmers, athletes and homemakers have lower than average premiums.
- Your liability limits – Your policy’s liability coverage will provide protection in the event that you are responsible for causing damage or personal injury in an accident. Liability provides for a legal defense starting from day one. Liability is cheap compared to other policy coverages, so drivers should carry high limits.
- More annual miles equals more premium – The more miles you rack up on your Dodge every year the more you will pay for car insurance. A lot of insurance companies calculate prices based upon how the vehicle is primarily used. Cars and trucks that sit idle most of the time can be on a lower rate level than vehicles that have high annual mileage. Improper usage on your Grand Caravan may be costing you higher rates. It’s a smart idea to ensure your car insurance coverage states the correct usage for each vehicle.
- Pay more of a claim out-of-pocket – Your deductibles define the amount you are required to spend out-of-pocket if a covered claim is submitted. Protection for physical damage, also known as collision and other-than-collision, protects your car from damage. Examples of some claims that would be covered are a windshield broken by a bird, damage from fire, or theft of your vehicle. The more damage repair cost you are required to pay out-of-pocket, the lower your rates will be.
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Drive a fast car, truck or SUV and pay more – The performance level of the vehicle you are trying to find cheaper insurance for makes a significant difference in your rates. Smaller low performance passenger cars usually are quite affordable to insure, but other factors influence the final cost greatly.
The following data assumes a married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. The chart compares Dodge Grand Caravan car insurance rates compared to other models that have different performance risks.
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Insurance losses for a Dodge Grand Caravan – Companies factor in historical loss data as a way to help calculate a profitable premium rate. Vehicles that historically have a higher amount or frequency of claims will have increased rates. The table shown below demonstrates the historical insurance loss data for Dodge Grand Caravan vehicles.
For each coverage type, the statistical loss for all vehicles averaged together is equal to 100. Numbers under 100 are indicative of better than average losses, while percentage values above 100 indicate more frequent claims or an increased chance of a larger loss.
Dodge Grand Caravan Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Dodge Grand Caravan 79 104 81 108 108 107 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Getting a cheaper price on insurance is surprisingly easy. Just take a few minutes to compare rate quotes online from several insurance companies.
The car insurance companies shown below are ready to provide comparison quotes in Texas. If you want cheaper car insurance in TX, we recommend you visit two to three different companies in order to get a fair rate comparison.
Data for Dodge Grand Caravan insurance
The rate information displayed below outlines a range of insurance costs for Dodge Grand Caravan models. Having a good understanding how car insurance prices are figured is important to be able to make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Caravan CV | $282 | $502 | $430 | $26 | $128 | $1,368 | $114 |
| Grand Caravan SE | $282 | $502 | $430 | $26 | $128 | $1,368 | $114 |
| Grand Caravan Hero | $282 | $610 | $430 | $26 | $128 | $1,476 | $123 |
| Grand Caravan Crew | $318 | $610 | $430 | $26 | $128 | $1,512 | $126 |
| Grand Caravan SXT | $318 | $610 | $430 | $26 | $128 | $1,512 | $126 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Premium amounts do not factor in vehicle location which can change coverage rates substantially.
Deductible comparison
The hardest decision when buying coverage is what deductibles to buy. The comparison tables below may help to illustrate the rate differences between high and low coverage deductibles. The first set of prices uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Caravan CV | $328 | $486 | $382 | $22 | $114 | $1,357 | $113 |
| Grand Caravan SE | $328 | $486 | $382 | $22 | $114 | $1,357 | $113 |
| Grand Caravan Hero | $328 | $592 | $382 | $22 | $114 | $1,463 | $122 |
| Grand Caravan Crew | $370 | $592 | $382 | $22 | $114 | $1,505 | $125 |
| Grand Caravan SXT | $370 | $592 | $382 | $22 | $114 | $1,505 | $125 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Caravan CV | $240 | $328 | $382 | $22 | $114 | $1,086 | $91 |
| Grand Caravan SE | $240 | $328 | $382 | $22 | $114 | $1,086 | $91 |
| Grand Caravan Hero | $240 | $400 | $382 | $22 | $114 | $1,158 | $97 |
| Grand Caravan Crew | $270 | $400 | $382 | $22 | $114 | $1,188 | $99 |
| Grand Caravan SXT | $270 | $400 | $382 | $22 | $114 | $1,188 | $99 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Rates do not factor in Lubbock location which can revise coverage prices substantially.
Based on the data above, we can derive that using a $100 deductible costs approximately $25 more each month or $300 every year than buying the higher $500 deductible. Due to the fact that you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to average more than 16 months between claims, you would save money if you choose a higher deductible.
The information below illustrates how your deductible choice and can impact Dodge Grand Caravan annual premium costs for different ages of insureds. The costs are based on a married female driver, comp and collision included, and no other discounts are factored in.
Accidents and violations increase rates
The information below highlights how traffic violations and at-fault accidents can increase Dodge Grand Caravan insurance rates for different insured age categories. The premiums assume a single female driver, full coverage, $500 deductibles, and no discounts are factored in.
Insurance rates based on gender
The information below visualizes the comparison of Dodge Grand Caravan car insurance costs for male and female drivers. The premiums assume no driving violations, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, single status, and no discounts are taken into consideration.
Dodge Grand Caravan full coverage rates compared to liability only
The information below shows the difference between Dodge Grand Caravan insurance costs with full coverage and liability only. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.
When to drop comp and collision
There isn’t a steadfast formula of when to exclude full coverage, but there is a general convention. If the annual cost of having full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Dodge Grand Caravan book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $2,000 after the policy deductible has been paid. If you are paying more than $200 a year to have full coverage, then it may be the right time to buy liability only.
There are a few cases where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Insurance protects more than just your car
Even though it can be expensive, insuring your vehicle is most likely required but also gives you several important benefits.
- Just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability protection if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Dodge Grand Caravan has a loan, most lenders will require that you have comprehensive coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may have to buy a policy to insure your Dodge at a more expensive rate and force you to reimburse them the higher price.
- Insurance protects both your Dodge and your assets. It will also pay for medical expenses for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay attorney fees in the event you are sued. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of buying enough insurance are definitely more than the cost, especially with large liability claims. Unknowingly, the average driver is overpaying over $865 each year so you should quote and compare rates at least once a year to be sure current rates are still competitive.
Slash your car insurance rates with discounts
Some insurance providers don’t always publicize the entire discount list in a way that’s easy to find, so the next list breaks down both well-publicized and the more hidden ways to save on car insurance.
- Government Employee Discount – Employees or retirees of the government could qualify for a slight premium decrease depending on your company.
- Drive Safe and Save – Drivers without accidents can save up to 40% or more on their Lubbock auto insurance quote than drivers with accidents.
- Bundle and Save – If you can combine your auto and home policy with the same company you could get a discount of up to 20% and get you low cost Dodge Grand Caravan insurance.
- Anti-theft Discount – Cars equipped with anti-theft or alarm systems are less likely to be stolen and can earn a small discount on your policy.
- Drivers Ed for Students – Have your child successfully complete driver’s ed class as it will make them better drivers and lower rates.
- Safety Restraint Discount – Requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
Just know that most discounts do not apply to the whole policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So when the math indicates it’s possible to get free car insurance, nobody gets a free ride.
The illustration below shows the comparison of Dodge Grand Caravan insurance costs with and without discounts applied to the policy premium. The data is based on a female driver, a clean driving record, no claims, Texas 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, multi-car, claim-free, safe-driver, homeowner, and marriage discounts applied.
Larger car insurance companies and a partial list of their discounts are included below.
- Farmers Insurance includes discounts for distant student, multi-car, pay in full, business and professional, switch companies, and mature driver.
- State Farm has savings for good student, Steer Clear safe driver discount, multiple autos, accident-free, anti-theft, student away at school, and safe vehicle.
- Liberty Mutual may offer discounts for exclusive group savings, preferred payment discount, safety features, multi-policy, new graduate, and multi-car.
- MetLife offers discounts including claim-free, good driver, accident-free, good student, defensive driver, multi-policy
- Progressive policyholders can earn discounts including online quote discount, multi-vehicle, online signing, continuous coverage, multi-policy, and good student.
When getting free Lubbock auto insurance quotes, it’s a good idea to each company which discounts can lower your rates. Some of the discounts discussed earlier might not apply in Lubbock. To view insurers that have a full spectrum of discounts in Texas, click here.
You may require the services of an insurance agent
Some consumers would prefer to buy from a licensed agent and that can be a smart move Professional insurance agents can help determine the best coverages and give you someone to call. The biggest benefit of comparing rate quotes online is the fact that you can find cheaper premium rates and still buy from a local agent. Supporting local agencies is especially important in Lubbock.
By using this form (opens in new window), your insurance data is transmitted to local insurance agents in Lubbock who will give you bids for your insurance coverage. It’s much easier because you don’t need to search for an agent since price quotes are sent to you directly. In the event you want to compare rates for a specific company, feel free to jump over to their website to submit a rate quote request.
Exclusive agents vs. Independent agents
When researching a good insurance agency, you need to know there are two different types of agents that you can select. Insurance agencies in Lubbock can be described as either independent or exclusive. Either one can write policy coverage, but we need to point out the difference in how they write coverage because it can factor into the kind of agent you use.
Independent Agents
Independent agents are not employed by one company and that is an advantage because they can write policies through lots of different companies enabling the ability to shop coverage around. If you are not satisfied with one company, the business is moved internally and you don’t have to find a new agent. When comparing rates, you should always get some free quotes from independent agents for the best price selection. Most can insure with small mutual carriers that can offer cheaper rates than bigger companies.
Below is a partial list of independent agencies in Lubbock that may be able to give you cheap rate quotes.
- Holmes/Bednarz Insurance Agency
5717 66th St #110 – Lubbock, TX 79424 – (806) 748-5453 – View Map - Ashmore and Associates Insurance Agency, LLC
6102 82nd St #6 – Lubbock, TX 79424 – (806) 745-8358 – View Map - Area Insurance Associates
4202 Avenue Q – Lubbock, TX 79412 – (806) 747-2400 – View Map
Exclusive Insurance Agencies
Exclusive agencies normally can only provide a single company’s rates like State Farm, Allstate, and Farm Bureau. These agents are unable to provide rate quotes from other companies so they have to upsell other benefits. Exclusive agencies are usually well trained on their products and sales techniques which helps them sell on service rather than price. Some consumers prefer to buy from the same agent for years mostly because of the brand rather than low price.
Below are Lubbock exclusive insurance agencies that can give you comparison quotes.
- Allstate Insurance Agent: Patrick Bailey
6701 Aberdeen Ave Ste 2 – Lubbock, TX 79424 – (806) 798-1340 – View Map - Allstate Insurance Agent: Russell Donaway
2321 50th St Ste C – Lubbock, TX 79412 – (806) 799-4600 – View Map - Allstate Insurance Agent: Marvin Grimes
6102 82nd St Unit 3b – Lubbock, TX 79424 – (806) 797-2607 – View Map
Choosing the best insurance agency requires more thought than just the premium amount. Ask your prospective agent these questions:
- Who is covered by the car insurance policy?
- How much training do they have in personal risk management?
- Did they already check your driving record and credit reports?
- Will your rates increase after a single accident?
- How long has their agency been open in Lubbock?
- Do they receive special compensation for putting your coverage with one company over another?
- If your car is in the repair shop, do you have coverage for a rental car?
Lubbock auto insurance companies
Buying coverage from a highly-rated auto insurance company can be a challenge considering how many different companies insure vehicles in Lubbock. The company information shown next may help you choose which insurers to look at buying from.
Top 10 Lubbock Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Will just any policy work for me?
When it comes to your policy, there really is not a “best” method to buy coverage. You are unique.
For example, these questions may help you determine whether you might need an agent’s assistance.
- Does my personal policy cover me when driving out-of-state?
- Will my insurance pay for OEM parts?
- I have good health insurance, so how much medical payments coverage do I need?
- Am I better off with higher deductibles on my Dodge Grand Caravan?
- What if I total my Dodge Grand Caravan and owe more than it’s worth?
- Does coverage extend to Mexico or Canada?
- Is there coverage for injuries to my pets?
- When should I buy a commercial auto policy?
- Can my teen driver be rated on a liability-only vehicle?
- Can my teen drive my company car?
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and may give you better protection.
Cheaper insurance premiums are out there
Insureds leave their current company for many reasons like lack of trust in their agent, poor customer service, unfair underwriting practices or even policy cancellation. Whatever your reason, finding a new insurance company is easier than you think.
When shopping online for insurance, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced physical damage coverage and discovered at claim time that the savings was not a smart move. The proper strategy is to find the BEST coverage for the lowest price while still protecting your assets.
Some insurance companies don’t offer online price quotes and these small insurance companies only sell coverage through independent agencies. Low-cost Dodge Grand Caravan insurance in Lubbock can be purchased both online in addition to many Lubbock insurance agents, so compare prices from both to have the best chance of lowering rates.
How to find cheaper rates for Dodge Grand Caravan insurance in Lubbock
The preferred way to get low-cost Dodge Grand Caravan insurance in Lubbock is to compare quotes once a year from insurers in Texas. Rate comparisons can be done by following these guidelines.
- Step 1: Learn about how companies price auto insurance and the things you can change to prevent expensive coverage. Many risk factors that cause high rates such as at-fault accidents, speeding tickets, and a less-than-favorable credit score can be amended by making minor changes to your lifestyle.
- Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO and State Farm, while independent agents can provide rate quotes for many different companies.
- Step 3: Compare the new rates to your current policy premium to see if cheaper Grand Caravan coverage is available. If you can save money, verify that coverage does not lapse between policies.
A good tip to remember is that you’ll want to make sure you compare identical coverage information on each quote request and and to get rate quotes from as many companies as possible. This provides a fair rate comparison and a complete rate analysis.
Additional insurance information can be found on the following sites:
- Your Car has been Stolen: Now What? (Allstate)
- What Car Insurance is Cheapest for Hybrid Vehicles in Lubbock? (FAQ)
- How Much is Lubbock Auto Insurance for Low Credit Scores? (FAQ)
- What Auto Insurance is Cheapest for Drivers Over Age 70 in Lubbock? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Alcohol Impaired Driving FAQ (iihs.org)
- Winter Driving (Insurance Information Institute)