Compare the Cost of Jeep Cherokee Insurance by Model Year and Company
Jeep Cherokee insurance costs are moderate at an average of $1,433 per year. GEICO offers the cheapest rates for this vehicle, but factors like the model year, driver’s age and provider will impact actual rates.
Ensure you're getting the best rate. Review quotes from a top insurance company.
Jeep Cherokee insurance rates can vary considerably depending on the driver’s age and the car model year. Full coverage car insurance for a 16-year-old driver costs $6,392 per year on average, while rates for a 40-year-old are much cheaper at $1,394 per year. Similarly, rates for older Jeep Cherokee models are cheaper. The average cost of insuring a 2014 model is $1,311 per year, and rates for a 2022 model are around $1,494 per year.
MoneyGeek also rated the best Jeep Cherokee insurance companies for balancing affordability with service and claims experience.
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Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Jeep Cherokee.
These rates were updated to reflect the average cost of car insurance for a Jeep Cherokee as of 2023.
Average Cost and Cheapest Companies for Insuring a Jeep Cherokee
The average cost of insuring a Jeep Cherokee is $1,433 per year, but rates will vary depending on the insurer. GEICO offers the cheapest full coverage policy at $1,192 per year, while Farmers is the most expensive option at $1,618 per year.
Meanwhile, State Farm offers the cheapest minimum coverage policy at $532 per year, and Farmers is once again the most expensive option at $786 per year for a similar policy. Comparing quotes from different providers will help you find the cheapest car insurance.
Is a Jeep Cherokee Expensive to Insure?
Insurance costs for a particular car model are influenced by various factors. Jeep Cherokee insurance costs are moderate compared to the average cost for other car models. Certain car models are more expensive to insure due to their higher value and repair costs. On average, this vehicle has low theft rates and a good safety profile, which helps keep its rates in the moderate category.
Best Companies for Insuring a Jeep Cherokee
In addition to affordable rates, it's also important to consider customer service track record and claims experience when shopping for the best Jeep Cherokee insurance.
Based on our analysis, the best car insurance companies for a Jeep Cherokee are:
- State Farm: MoneyGeek score 90 out of 100 ($1,194 per year)
- GEICO: MoneyGeek score 90 out of 100 ($1,192 per year)
State Farm ranked second for both customer satisfaction and affordability, so policyholders can expect a good balance of service quality and inexpensive rates.
MoneyGeek Top Pick: State Farm
Offers the second-most affordable rates
Ranked second for customer satisfaction
Has low claims management and coverage scores
No gap insurance or accident forgiveness coverage
State Farm offers the best Jeep Cherokee insurance, balancing affordability and a good customer service track record. Although this insurer does not offer a broad set of coverages, certain essential coverages are available.
For example, you can add roadside assistance to your policy to cover emergency services if your Jeep Cherokee breaks down. With this coverage, your policy will pay for services such as mechanical labor, towing or gas delivery. Additional services like tire changes, oil or battery delivery are also covered, but the cost of the items is not included.
State Farm also offers rental car and travel reimbursement coverage, which will cover the cost of a rental car up to the chosen limits and the cost of travel, accommodation and meals up to $500 if your vehicle is undergoing repairs.
MoneyGeek Runner-Up: GEICO
Ranked first for affordability
Earned high scores for customer satisfaction
Has unique coverage options including mechanical breakdown insurance (MBI)
Has low claims handling and coverage scores
Does not offer gap insurance
GEICO is the second-best insurance company for insuring a Jeep Cherokee. GEICO’s rates are the cheapest among the seven insurers we analyzed, and it ranked among the top three for customer satisfaction.
GEICO offers unique coverage options, including Mechanical Breakdown Insurance (MBI), which is a valuable add-on if you have a new Jeep Cherokee. With this coverage, your policy will cover all the parts and systems in your vehicle, including those not covered by the dealer, at a fraction of the cost. However, this coverage is only available for new vehicles that are less than 15 months old and have less than 15,000 miles.
With a GEICO policy, you can also opt for accident forgiveness, which ensures that your rates won't increase after your first at-fault accident. The company offers two essential coverages: roadside assistance, which covers services like towing or gas delivery if your car breaks down, and rental car reimbursement, which pays for a rental car if your vehicle is not drivable for more than 24 hours following a covered accident.
Cost of Insuring a Jeep Cherokee by Model Year
The average cost of car insurance for a 2014 model is $1,311 per year, which is $183 cheaper than the cost of insuring a 2022 model. Newer models are generally more expensive to insure since they are higher in value than older models.
The average cost of car insurance for a Jeep Cherokee can also vary considerably depending on the insurer and model year. State Farm is the cheapest insurer for a 2014 model at $1,068 per year, while GEICO is the cheapest insurer for a 2022 model at $1,297 per year.
Cost of Insuring a Jeep Cherokee for 16- to 25-Year-Olds
Car insurance rates are higher for teens and drivers in their 20s than for drivers 30 and older. For example, Jeep Cherokee full coverage car insurance for a 16-year-old driver costs $6,392 per year on average, while rates for a 40-year-old are much cheaper at $1,394 per year. Teen car insurance rates decrease as a driver ages through their teenage years and usually stabilize in their 20s.
A family policy is the cheapest way to get teen car insurance since individual teen policies are much more expensive. It's also important to keep in mind that, in most cases, teens can't legally buy their own policies without a parent or guardian agreeing to cosign. State Farm offers the cheapest rates for individual teen car insurance at $4,349 per year for full coverage, while Progressive is the most expensive option at $8,977 per year. Shopping around is the best way to get the most affordable car insurance for teen drivers.