Buying competitive auto insurance for a Dodge Grand Caravan in Alaska is pretty easy to do, but it hinges on many rating factors such as how you use your Grand Caravan, if you have recent claims, and any prior driving citations you have received. Drivers in Alaska pay on average $677 per year for Grand Caravan insurance, but that price is a projection using a 30-year-old married female driver with full comprehensive and collision coverage and $500 deductibles.
But there is a high probability that you are not 30 and maybe not even a female, possibly single instead of married, or maybe you want different physical damage deductibles. Even a slight difference in rating factors or requested coverage amount can result in a large change in the cost of a policy.
This demonstrates why the way we recommend to find the cheapest insurance price for your Dodge is to put in the effort to do a thorough rate comparison. In just a few minutes you will receive prices from the cheapest companies in Alaska.
The trim level of your vehicle tends to have a direct impact on price, so the price you pay to insure a Grand Caravan CV will be $72 lower than the insurance cost for the more expensive Grand Caravan SXT version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Caravan CV | $166 | $230 | $278 | $16 | $84 | $774 | $65 |
| Grand Caravan SE | $166 | $230 | $278 | $16 | $84 | $774 | $65 |
| Grand Caravan Hero | $166 | $280 | $278 | $16 | $84 | $824 | $69 |
| Grand Caravan Crew | $188 | $280 | $278 | $16 | $84 | $846 | $71 |
| Grand Caravan SXT | $188 | $280 | $278 | $16 | $84 | $846 | $71 |
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Premium data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Price estimates do not factor in Anchorage location which can decrease or increase prices considerably.
Deciphering which company offers the best car insurance rates for a Dodge Grand Caravan will involve a bit more work than just getting one or two price quotes. Every insurance company has a proprietary method for determining rates in each state, so we need to take a look at the car insurance companies that tend to have lower prices in Anchorage, AK.
We do need to point out that Alaska car insurance rates are influenced by many factors that may substantially change the price of your policy. Simply turning a year older, buying higher coverage limits, or getting a ticket for running a stop sign can trigger changes in premium that can now make some companies cheaper than competitors.
Best Auto Insurance Prices for Your Dodge
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Umialik | $865 |
| 2 | USAA | $929 |
| 3 | State Farm | $1,005 |
| 4 | Progressive | $1,210 |
| 5 | GEICO | $1,905 |
| 6 | Allstate | $2,397 |
| 7 | Safeco | $2,526 |
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Umialik may offer some of the most affordable car insurance rates in Anchorage at around $865 a year. This is $678 less than the average rate paid by Alaska drivers of $1,543. USAA, State Farm, Progressive, and GEICO also rank well as some of the more affordable Anchorage, AK auto insurance companies.
As shown in the table above, if you are a customer of State Farm and switched to Umialik, you might achieve a yearly price reduction of upwards of $140. Alaska drivers with Progressive might save as much as $345 a year, and GEICO customers might realize rate reductions of up to $1,040 a year.
Be aware that those rates are averaged across all types of drivers and the different vehicles they drive and and are not figured with an exact location for a Dodge Grand Caravan. So the company that has the lowest price for you may not even be in the list above. That’s why you need to compare rates from multiple companies using your own driver information and specific vehicle type.
Liability-only versus full coverage
Finding the cheapest car insurance should be important to the majority of people, and one way to save on the cost of insurance for a Dodge Grand Caravan is to buy only liability coverage. The diagram below shows the comparison of insurance premiums with full coverage compared to only the Alaska minimum liability coverage. The costs are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are factored in.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs $1,429 per year more than buying just liability insurance. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no set guideline for dropping full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s assume your vehicle’s replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $7,000 after you pay the deductible. If it’s costing in excess of $700 annually for physical damage coverage, then it might be time to consider dropping full coverage.
The example below demonstrates how deductible levels can impact premium costs when getting quotes for cheap insurance for a Dodge Grand Caravan. Data assumes a married female driver, comp and collision included, and no discounts are applied.
The data above shows that a 50-year-old driver could save $232 a year by switching from a $100 deductible up to a $500 deductible, or save $348 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could drop their prices $572 each year by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough savings to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Discounts on Anchorage auto insurance rates
Insurers that provide coverage for a Dodge Grand Caravan may also offer discounts that could potentially reduce rates by as much as 35% or more if you meet specific criteria. Popular car insurance companies and some of their more popular discounts can be read below.
- Progressive offers premium reductions for good student, multi-vehicle, online quote discount, homeowner, multi-policy, and continuous coverage.
- Farmers Insurance offers discounts including mature driver, switch companies, pay in full, electronic funds transfer, bundle discounts, and teen driver.
- Farm Bureau policyholders can earn discounts including renewal discount, driver training, 55 and retired, multi-policy, good student, and youthful driver.
- State Farm has savings for anti-theft, Steer Clear safe driver discount, multiple policy, student away at school, driver’s education, passive restraint, and safe vehicle.
- GEICO has discounts for emergency military deployment, multi-policy, defensive driver, daytime running lights, and five-year accident-free.
- SAFECO may include discounts for safe driver, bundle discounts, drive less, anti-lock brakes, homeowner, anti-theft, and teen safe driver.
- Liberty Mutual offers discounts for hybrid vehicle, multi-policy, new vehicle discount, safety features, newly married, and exclusive group savings.
The example below compares insurance prices with and without some available policy discounts. The costs are based on a female driver, no claims or driving violations, Alaska state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with homeowner, defensive driving course, accident-free, passive restraint, multiple vehicle, and anti-theft discounts applied. When drivers take advantage of discounts, theamount saved on car insurance for a Dodge Grand Caravan is 28% or $375.