Cheapest Insurance for a Dodge Grand Caravan in Connecticut

Cheapest Insurance for a Dodge Grand Caravan in Connecticut

The chances that you’ll find the best cheap auto insurance for a Dodge Grand Caravan in Connecticut is dependent upon a complex formula that considers things such as how old you are, your geographic location, and citations or violations on your driving record. Drivers pay an average rate of $980 every 12 months for Grand Caravan insurance, but that amount is an estimation using rating data for a 40-year-old single male that wants full physical damage coverage and $500 deductibles.

Chances are good that you’re not a 40-year-old male, you might be married instead of single, or maybe your Connecticut zip code is rated cheaper than the example. Auto insurance is unique to every driver, so the best way to quote the cheapest rates for your Dodge is to get into the habit of shopping around regularly.

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Your Dodge’s trim level will most likely have an effect on the yearly cost, so the rate you will pay to insure a Grand Caravan CV trim level will be $102 cheaper than the insurance cost for the more costly Grand Caravan SXT model, as shown below.

Dodge Grand Caravan Insurance Rates in Connecticut
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Caravan CV $212 $342 $418 $24 $124 $1,120 $93
Grand Caravan SE $212 $342 $418 $24 $124 $1,120 $93
Grand Caravan Hero $212 $416 $418 $24 $124 $1,194 $100
Grand Caravan Crew $240 $416 $418 $24 $124 $1,222 $102
Grand Caravan SXT $240 $416 $418 $24 $124 $1,222 $102
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Connecticut minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium costs do not factor in specific garaging location which can influence insurance rates substantially.

Insuring your vehicle with a highly-rated insurer can be challenging considering how many companies sell coverage in Connecticut. The ranking data below may help you select which coverage providers to look at when trying find the best insurance for a Dodge Grand Caravan.

These rankings include companies that insure vehicles across America, so smaller companies that only insure vehicles in Connecticut will not be included in the list. To get rate quotes from these companies and more, follow this link.

Top 15 Car Insurance Companies for a Dodge Grand Caravan
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
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Data Source: Insure.com Best Car Insurance Companies

Reckless driving habits raise Connecticut car insurance rates

The best way to get good car insurance rates in Connecticut for a Grand Caravan is to drive safe and avoid traffic citations and accidents. The illustration below shows how violations and accident claims can drive up car insurance rates for different age groups. The costs are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

The chart shows that the average cost of auto insurance in Connecticut per year with no accidents and a clean driving record is $1,807. Add in one speeding ticket and the average cost surges to $2,102, an increase of $295 each year. Now get one accident along with the one speeding ticket and the annual cost of car insurance for a Dodge Grand Caravan jumps again to an average of $2,941. That’s an increase of $1,134, or $94 per month, just for not driving attentively!

Rate comparison of full coverage and liability-only

Finding the cheapest insurance for a Dodge Grand Caravan in Connecticut is the goal of most vehicle owners, and a great way to save on the cost of insurance is to not buy full coverage. The illustration below shows the difference between insurance costs with liability coverage only compared to full coverage. Data assumes no violations or accidents, $500 deductibles, single status, and no other discounts are factored in.

If all age groups are averaged, comprehensive and collision coverage on your policy costs $1,958 per year more than carrying just liability coverage. At some point, about every driver wonders when is the right time to remove full coverage. There is no definitive formula that works best for making the decision to drop physical damage coverage, but there is a general convention. If the annual cost of coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after the policy deductible has been paid. If you are paying over $800 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.