Affordable Rates for Dodge Caliber Insurance in El Paso

Insurance for Dodge CaliberIf saving money is your primary concern, then the best way to get cheaper Dodge Caliber insurance in El Paso is to make a habit of regularly comparing prices from companies who can sell car insurance in Texas.

Step 1: Spend some time learning about the different coverages in a policy and the changes you can make to prevent rate increases. Many things that cause high rates like distracted driving and bad credit can be remedied by making minor changes in your lifestyle. This article gives ideas to get affordable coverage and earn a bigger discount.

Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes from multiple companies. Begin your rate comparison

Step 3: Compare the new rate quotes to your existing coverage and see if there is a cheaper rate. If you find a lower rate quote and change companies, ensure coverage does not lapse between policies.

Step 4: Tell your current agent or company to cancel your current car insurance policy. Submit the signed application along with the required initial payment for your new policy. When you receive it, store the certificate verifying coverage in your glove compartment.

An important part of this process is to compare identical coverage information on each quote and and to analyze every company you can. This enables a fair price comparison and maximum price selection.

It’s hard to fathom, but a large majority of car insurance policyholders in Texas have stayed with the same insurance company for a minimum of four years, and almost 40% of drivers have never shopped around. The average driver in the United States could save roughly $850 every year, but most undervalue how much they could save if they switch to a new company.

The fastest way that we advise to compare car insurance company rates for Dodge Caliber insurance in El Paso takes advantage of the fact most of the larger companies actually pay money for the chance to provide you with a free rate quote. To get started, all you need to do is give the companies some data including if the car is leased, distance driven, how much education you have, and the make and model of your vehicles. Those rating factors gets transmitted to multiple different insurance companies and they return cost estimate within a short period of time.

To compare multiple company cheap Dodge Caliber insurance rates now, click here and complete the form.

The companies in the list below are ready to provide comparison quotes in El Paso, TX. If the list has multiple companies, it’s a good idea that you visit as many as you can in order to get a fair rate comparison.

Dodge Caliber insurance analysis

The rate information displayed next covers estimates of policy rates for Dodge Caliber models. Learning more about how insurance policy rates are established can assist in making smart choices when selecting a policy.

Dodge Caliber Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Caliber Express $180 $312 $500 $30 $150 $1,172 $98
Caliber Heat $180 $312 $500 $30 $150 $1,172 $98
Caliber SE $180 $312 $500 $30 $150 $1,172 $98
Caliber Mainstreet $180 $312 $500 $30 $150 $1,172 $98
Caliber Rush $180 $312 $500 $30 $150 $1,172 $98
Caliber SXT $180 $312 $500 $30 $150 $1,172 $98
Caliber Uptown $180 $312 $500 $30 $150 $1,172 $98
Caliber R/T $208 $368 $500 $30 $150 $1,256 $105
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in vehicle location which can change rates greatly.

Should you raise deductibles?

One common question asked by El Paso drivers is how high should the physical damage deductibles be. The data tables below can help you understand the cost difference when you buy lower versus higher deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.

Dodge Caliber insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Caliber Express $256 $496 $382 $22 $114 $1,295 $108
Caliber Heat $256 $496 $382 $22 $114 $1,295 $108
Caliber SE $256 $496 $382 $22 $114 $1,295 $108
Caliber Mainstreet $256 $496 $382 $22 $114 $1,295 $108
Caliber Rush $256 $496 $382 $22 $114 $1,295 $108
Caliber SXT $256 $496 $382 $22 $114 $1,295 $108
Caliber Uptown $256 $496 $382 $22 $114 $1,295 $108
Caliber R/T $294 $584 $382 $22 $114 $1,421 $118
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Dodge Caliber insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Caliber Express $208 $400 $382 $22 $114 $1,126 $94
Caliber Heat $208 $400 $382 $22 $114 $1,126 $94
Caliber SE $208 $400 $382 $22 $114 $1,126 $94
Caliber Mainstreet $208 $400 $382 $22 $114 $1,126 $94
Caliber Rush $208 $400 $382 $22 $114 $1,126 $94
Caliber SXT $208 $400 $382 $22 $114 $1,126 $94
Caliber Uptown $208 $400 $382 $22 $114 $1,126 $94
Caliber R/T $240 $472 $382 $22 $114 $1,230 $103
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Information does not factor in El Paso location which can impact rates greatly.

Based on the data above, we can derive that using a $250 deductible costs approximately $14 more each month or $168 each year across all Dodge Caliber models than buying the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you have at least 18 months between claims, you would save more money going with the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $109
Average monthly premium for $500 deductibles (subtract): – $95
Monthly savings from raising deductible: $14
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

The example below shows how different deductible levels and can influence Dodge Caliber yearly insurance costs for each age group. The premium estimates are based on a single female driver, full physical damage coverage, and no other discounts are factored in.

Full coverage versus liability only rates

The chart below illustrates the difference between Dodge Caliber premium costs with full coverage compared to only the Texas minimum liability coverage. The premium estimates are based on no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied.

When to drop full coverage

There isn’t a written rule for excluding full coverage, but there is a general convention. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Dodge Caliber book value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying your deductible. If it’s costing in excess of $600 a year for physical damage coverage, then it may be the right time to buy liability only.

There are some cases where dropping physical damage coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.

Smart Buyers Can Lower Their Insurance Rates

Smart consumers have a good feel for the different types of things that play a part in calculating your premiums. When you understand what impacts premium levels, this enables you to make decisions that could help you find cheaper rates.

An active insurance claims history can increase rates – Companies in Texas generally give cheaper rates to drivers who do not file claims often. If you frequently file small claims, you can definitely plan on either policy cancellation or increased premiums. Auto insurance is intended to be relied upon for claims that you cannot pay yourself.

Tickets increase rates – How you drive impacts your car insurance rates tremendously. Getting just one moving violation can bump up the cost by as much as thirty percent. Attentive drivers pay lower auto insurance prices compared to bad drivers. Drivers who have received severe violations such as DUI or reckless driving are required to maintain a SR-22 with their state’s licensing department in order to continue driving.

The diagram below demonstrates how citations and at-fault collisions can influence Dodge Caliber auto insurance rates for different age categories. The prices are based on a married male driver, full coverage, $100 deductibles, and no policy discounts are applied.

Limits of liability protection – Your car insurance policy’s liability coverage provides coverage if ever you are ruled to be at fault for causing damage or personal injury in an accident. It provides legal defense to attempt to prove you were not liable. Liability insurance is pretty cheap as compared to coverage for physical damage, so buy as much as you can afford.

Good credit scores equal low prices – Having a bad credit history is a big factor in determining what you pay for car insurance. If your credit history is low, you may save money insuring your Dodge Caliber by improving your rating. Insureds with very high credit ratings tend to be less risk to insure as compared to drivers with lower ratings.

Pay lower rates if you’re married – Getting married may save some money on your policy. Having a spouse is viewed as being more mature and responsible and statistics prove married drivers tend to have fewer serious accidents.

Gender impacts premiums – Over the last 50 years, statistics have shown women are more cautious behind the wheel. Now that doesn’t mean men are worse drivers. Males and females tend to get into at-fault accidents in similar percentages, but males tend to have higher claims. They also get ticketed for serious violations like DUI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and therefore are the most expensive to insure.

The illustration below visualizes the comparison of Dodge Caliber insurance premiums for male and female drivers. The information is based on no claims or driving citations, comprehensive and collision coverage, $100 deductibles, single marital status, and no other discounts are factored in.

Low comp and collision deductibles cost more – Comprehensive and collision coverage deductibles tell how much you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, also called ‘full coverage’, covers damage that occurs to your car. Some coverage claims are a windshield broken by a bird, damage from fire, or theft of your vehicle. The more of the claim you’re willing to pay, the better rate you will receive.

Big cities have higher premiums – Living in small towns and rural areas has definite advantages when buying car insurance. Residents of big cities have to deal with more road rage incidents and longer commutes to work. Fewer drivers and short commutes translates into fewer accidents.

Best reasons to buy insurance in Texas

Even though it’s not necessarily cheap to insure a Dodge in El Paso, insurance serves a purpose in several ways.

The benefits of insuring your Caliber are without a doubt worth the cost, particularly for liability claims. On average, a vehicle owner in El Paso is wasting up to $810 a year so shop around once a year at a minimum to save money.