No one looks forward to paying for insurance, especially knowing the cost is too high.
Unimaginable but true, the vast majority of consumers in South Carolina have stayed with the same insurance company for a minimum of four years, and 38% of customers have never quoted rates to find cheap coverage. American consumers could save about 47% a year by just comparing quotes, but they just assume it's a time-consuming process to shop around.
Insurance companies such as Progressive, State Farm and GEICO all promote huge savings with fancy advertisements and consumers find it hard to see through the cute green geckos and mayhem and do the work needed to find the best deal.
If you currently have insurance, you will most likely be able to reduce the price you pay using the ideas you're about to read. Buying the cheapest insurance in Columbia seems hard but is not really that difficult. But South Carolina vehicle owners should learn the way insurance companies calculate their prices because rates are impacted by many factors.
To get the cheapest Dodge Grand Caravan rate quotes, there a variety of ways to get quotes from local Columbia auto insurance companies. The easiest way to compare rates is simply to get online rate quotes.
Comparing rates online is fast and free, and it makes it obsolete to spend time driving to local insurance agencies. Doing it all online has made agencies unnecessary unless your situation requires the guidance of a licensed agent. Although, it is possible get prices online and have a local agent actually service the policy.
It's important to know that making a lot of price comparisons helps improve the odds of finding more affordable insurance.
The companies shown below have been selected to offer comparison quotes in South Carolina. If the list has multiple companies, it's highly recommended you compare several of them to get the lowest price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Caravan CV||$292||$450||$460||$28||$138||$1,368||$114|
|Grand Caravan SE||$166||$244||$320||$18||$96||$844||$70|
|Grand Caravan Hero||$162||$280||$342||$20||$102||$906||$76|
|Grand Caravan Crew||$180||$322||$412||$24||$124||$1,062||$89|
|Grand Caravan SXT||$142||$232||$320||$18||$96||$808||$67|
|Get Your Own Custom Quote Go|
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in garaging location in Columbia which can revise insurance rates substantially.
Dodge Grand Caravan liability-only versus full coverage
The chart below illustrates the comparison of Dodge Grand Caravan insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in South Carolina. The prices are based on a clean driving record, no at-fault accidents, $100 deductibles, married female driver, and no policy discounts are applied.
When to eliminate full coverage
There is no definitive formula for dropping physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let's say your Dodge Grand Caravan settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $8,000 after paying your policy deductible. If you are paying over $800 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are a few cases where dropping physical damage coverage is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Premiums by gender and age
The information below illustrates the comparison of Dodge Grand Caravan insurance rates for male and female drivers. Data assumes no accidents, no driving violations, full coverage, $250 deductibles, single marital status, and no policy discounts are applied.
Take advantage of these premium slashing discounts
Some insurers do not advertise all available discounts very clearly, so the following is a list of a few of the more common in addition to some of the lesser obvious credits that may apply to you.
- Columbia Homeowners Discount - Just being a homeowner can help you save on insurance since owning and maintaining a home is proof of financial responsibility.
- Claim-Free Discount - Drivers who don't have accidents can save substantially when compared with frequent claim filers.
- Membership in Organizations - Belonging to qualifying clubs or civic groups is a good way to get lower rates when getting a Columbia car insurance quote.
- Anti-lock Brake System - Cars, trucks, and SUVs with ABS braking systems or traction control can avoid accidents and therefore earn up to a 10% discount.
- Seat Belts Save more than Lives - Forcing all vehicle occupants to use their safety belts may be able to save a few bucks off PIP or medical payments premium.
- Buy New and Save - Putting insurance on a new Grand Caravan can get you a discount because newer models keep occupants safer.
- Discount for Low Mileage - Fewer annual miles on your Dodge may allow you to get lower prices on the low mileage vehicles.
- Good Student Discount - Being a good student may save you up to 25%. The good student discount can last up to age 25.
- Military Rewards - Being on active deployment in the military could mean lower prices.
Just know that most discounts do not apply to the whole policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that you could get a free insurance policy, it's just not the way it works.
A partial list of companies that may offer these money-saving discounts may include but are not limited to:
If you need lower rates, check with each insurance company how many discounts you can get. All car insurance discounts might not be offered on policies everywhere. If you would like to view companies who offer discounts in Columbia, follow this link.
Auto insurance is not optional in South Carolina
Despite the high insurance cost for a Dodge Grand Caravan in Columbia, paying for auto insurance is mandatory in South Carolina but it also protects more than you think.
First, the majority of states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability insurance coverage if you don't want to risk a ticket. In South Carolina these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you took out a loan on your vehicle, it's most likely the lender will require that you buy full coverage to protect their interest in the vehicle. If you default on your policy, the bank may insure your Dodge at a more expensive rate and require you to fork over for the expensive policy.
Third, insurance safeguards not only your vehicle but also your financial assets. It will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of having auto insurance more than offset the price you pay, especially for larger claims. As of last year, the average driver in South Carolina overpays as much as $850 per year so compare rates each time the policy renews to be sure current rates are still competitive.
When to have guidance from an insurance agent
Many drivers still like to go talk to an agent and that is recommended in a lot of cases The best thing about comparing rates online is the fact that you can find cheap rate quotes and still choose a local agent. Buying insurance from neighborhood insurance agencies is still important in Columbia.
To help locate an agent, after submitting this short form, the coverage information gets sent to insurance agents in Columbia who will give competitive quotes to get your business. You never need to search for an agent because quoted prices will be sent to you instantly. You can find better rates and work with a local agent. If you wish to compare rates for a specific company, don't hesitate to search and find their rate quote page and fill out the quote form the provide.
Pick the best auto insurance agent in Columbia for you
When finding a reliable insurance agent, you need to know there are two different types of agencies and how they can write your policy. Car insurance agents are categorized either independent agents or exclusive agents.
Independent Car Insurance Agencies or Brokers
Agents that elect to be independent are normally appointed by many insurers so they can quote policies amongst many companies and get you the best rates possible. If they find a cheaper price, they simply move the coverage in-house and the insured can keep the same agent. When comparing rate quotes, we highly recommend that you include price quotes from a couple of independent agencies for the best price selection.
Shown below is a partial list of independent insurance agencies in Columbia who may provide free car insurance quotes.
Exclusive agencies can only provide pricing for a single company and examples are State Farm, Allstate, and Farm Bureau. These agents are not able to provide other company's prices so they have to upsell other benefits. Exclusive insurance agents receive extensive training in insurance sales which helps them sell insurance even at higher premiums.
Listed below are exclusive insurance agents in Columbia willing to provide rate quotes.
Finding a good insurance agency is decision based upon more than just a cheap quote. Get answers to these questions too.
- Do they have 24-hour customer assistance?
- Do they see any coverage gaps in your plan?
- Are aftermarket or OEM parts used to repair vehicles?
- How are they compensated?
- Is insurance their full-time profession?
- Do they specialize in personal lines coverage in Columbia?
- Who are their largest clients?
- Are they involved in claim handling?