How Much Does Insurance Cost for a Dodge Grand Caravan in South Carolina?

Because the topic is car insurance, the word “cheap” should not appear anywhere in the article as a descriptor for car insurance rates. The fact is, cheap car insurance for a Dodge Grand Caravan is just plain contradictory. We’ll try to make it up to you, because we are going to show you how you can quote and buy auto insurance that is considered budget-friendly.

The likelihood of finding the cheapest car insurance for a Dodge Grand Caravan in South Carolina is dependent upon a whole bunch of rating criteria such as the safety rating of your vehicle, if you have ever let your policy lapse, and your choice of deductibles. South Carolina drivers pay approximately $990 per year for Grand Caravan insurance, but that is an approximation based on rates for a 40-year-old single female driver that purchased both comprehensive and collision coverage and $500 deductibles.

Most likely you are not 40 and possibly not even female, maybe you are married instead of single, or possibly you just want cheap liability coverage. Auto insurance requires individual risk assessment, so the only real way to find the most affordable coverage for your Dodge is to regularly compare rates at renewal.

Insure Your Dodge for Less

Your Dodge’s trim level impacts the insurance rate, so the rate you will pay to insure a Grand Caravan CV will be $98 less than the price to insure the more well-appointed Grand Caravan SXT trim level, as demonstrated by the prices below.

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and South Carolina minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in zip code location which can affect premiums noticeably.

Trying to buy reasonably-priced insurance is tough enough, and determining which company quotes the best auto insurance rates for a Dodge Grand Caravan will require even more work. Every auto insurer uses their own formula for determining rates, so let’s take a look at the overall cheapest auto insurance companies in South Carolina.

Keep in mind that South Carolina auto insurance rates are determined by lots of factors that may substantially change the cost of your policy. Taking a driver safety course, buying a newer car, or getting a ticket for running a stop sign may cause policy rate changes that can make some companies cheaper than before.

Cheap Insurance Rates for Your Dodge

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The Hartford has some of the most affordable car insurance rates in South Carolina at around $745 a year. USAA, State Auto, Auto-Owners, and SC Farm Bureau Mutual also qualify as some of the lowest-priced South Carolina insurance companies.

As depicted above, if you are currently insured with State Auto and switched to The Hartford, you might realize a yearly price reduction of around $382. Drivers with Auto-Owners may save as much as $396 a year, and SC Farm Bureau Mutual policyholders might reduce rates by $503 a year.

If you want to see how much you could save, click here to get quotes or visit several of the following companies.

It’s important to note that these rates are averaged across all ages of drivers and types of vehicles and are not factoring in a specific rate factor for a Dodge Grand Caravan. So the company that can offer you the best price may not even be in the above list. That’s why you need to quote rates from many companies using your own specific driver information and vehicle.

Full coverage versus liability only rates

Finding cheap insurance for a Dodge Grand Caravan in South Carolina is important to most drivers, and one great way to save on the cost of insurance is to buy liability only. The chart below visualizes the comparison of auto insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no violations or accidents, $500 deductibles, drivers are single, and no discounts are applied.

Averaged out for all age groups, full coverage costs $1,787 per year more than just buying liability insurance. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no clear-cut formula of when to phase out physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after paying your policy deductible. If you are paying more than $200 a year to have full coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Discounts on South Carolina auto insurance

Auto insurance companies that offer cheap insurance for a Dodge Grand Caravan in South Carolina may provide rate discounts that may potentially lower prices by as much as 30% if you meet eligibility requirements. Larger auto insurance companies and a summarized list of policyholder discounts can be found below.

• Farmers Insurance offers discounts for youthful driver, bundle discounts, early shopping, business and professional, and switch companies.
• State Farm includes discounts for Steer Clear safe driver discount, good student, accident-free, student away at school, and driver’s education.
• Liberty Mutual discounts include newly retired, good student, new move discount, newly married, exclusive group savings, and teen driver discount.
• MetLife offers discounts including multi-policy, defensive driver, good driver, accident-free, good student, and claim-free.
• Progressive may include discounts for homeowner, online quote discount, good student, multi-policy, and multi-vehicle.

The information below shows the comparison of insurance prices with and without discounts applied to the premium. The rates are based on a male driver, no claims, a clean driving record, South Carolina state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple policy, multiple vehicle, passive restraint, marriage, accident-free, and defensive driving course discounts applied. In this example, the the average yearly reduction on auto insurance for a Dodge Grand Caravan is 28% or $537.