When seeking to purchase the best auto insurance for a Jeep Cherokee, shopping around can be beneficial. Rates for the same car model vary between insurance providers based on the year of manufacture and the driver profile. Comparing rates from different companies can help you find the lowest price.
The average insurance for a Jeep Cherokee costs $1,225 per year, which is $202 less than the average across all car models of $1,427.
Insurance costs for a Jeep Cherokee may differ by as much as $416 depending on the insurer you choose.
Insurance rates for a Jeep Cherokee may vary by as much as $135 based on the model year of your car. The older the model, the lower the rates.
Jeep Cherokee insurance rates vary considerably among providers. While some charge more than the national average, others charge significantly lower amounts.
The cheapest insurer for a Jeep Cherokee is GEICO, at $1,043 per year. The most expensive is Allied, with a cost of $1,460. That’s a difference of $416 per year.
MoneyGeek collected data about auto insurance costs from different providers using a sample driver profile. In this scenario, the driver is a 40-year-old male with 100/300/100 liability insurance that includes comprehensive and collision coverage.
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Insurers consider various factors when calculating car insurance rates for any particular model. Expensive models and models that are more prone to accidents or theft often pay higher rates.
Overall, the average insurance for a Jeep Cherokee is inexpensive, costing $202 less than the average across all car models. The Jeep Cherokee has a low value and low horsepower, which explains why the cost is significantly low. A low value means that the car is cheap to repair. Low horsepower, on the other hand, means that the model is less likely to get involved in a major accident.
While shopping around for car insurance for a Jeep Cherokee, cost should not be the only consideration to make. Several other factors should be considered.
MoneyGeek ranked auto insurance providers by customer complaints, financial stability, customer satisfaction and affordability scores. Based on the scores:
Newer car models are typically more expensive to insure than older ones. Comprehensive and collision insurance costs are lower as a car’s value goes down.
For example, the average cost of insurance for a 2014 Jeep Cherokee is $1,147 per year. The cost of a 2020 version is roughly $135 higher, at an average of $1,282 per year.
Different insurance carriers charge different rates for any particular model year. The lowest rate for a 2020 Jeep Cherokee is from USAA and costs an average of $1,074 per year.
To compare rates from different insurers for your model year, scroll through the list below.
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It is considerably inexpensive to insure a Jeep Cherokee. The average cost of insurance for the model is $1,225 per year compared to the average across all models of $1,427, a difference of $202.
Young drivers often pay more for car insurance due to lack of experience. This lack of experience makes them riskier to insure.
The average Jeep Cherokee insurance rate for an 18-year-old is $3,999 per year. This is roughly $2,773 more than what a 40-year-old pays on average per year for the same coverage.
It is generally cheaper for teens to be included in their parent’s insurance coverage. Insuring teenage drivers is more costly if they decide to get their own policy.
Auto insurance costs for young drivers between 16 and 25 years are listed below.
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The car insurance costs included here are calculated based on a national average and may vary depending on where you live. Drivers from different states can use the Moneygeek state page analysis to determine more specific rates for their location.
The model of your car influences how much you pay for car insurance, but it is not the only factor to consider. Here are some of the questions you should know about insuring a Jeep Cherokee.
MoneyGeek obtained car insurance companies data for a Jeep Cherokee Latitude from a sample 40-year old male driver whose policy includes:
The rates represent average estimates and should only guide you when determining what rates to expect from insurers. They do not represent your actual car insurance rates.
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