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Compare the Cost of Jeep Cherokee Insurance by Model Year and Company
Based on MoneyGeek’s study, the average car insurance rate for a Jeep Cherokee is $1,225 per year. This is less than the national average by $202, making it an inexpensive model to insure. However, the price may vary depending on the model year of your car and the insurer you choose. That’s why you should compare quotes between companies while shopping around for the coverage that suits your needs.
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Advertising & Editorial DisclosureLast Updated: 8/23/2022
Written By |
Mark Fitzpatrick
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.
Key Takeaways
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.
How Much It Costs to Insure a Jeep Cherokee and the Cheapest Company
Jeep Cherokee insurance rates vary considerably among providers. While some charge more than the national average, others charge significantly lower amounts.
The cheapest auto 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.
The Average Annual Cost of Jeep Cherokee Insurance by Company
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.
The Average Cost to Insure a Jeep Cherokee by Company
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- CompanyAverage Annual Rates
- 1.$1,043
- 2.$1,075
- 3.$1,115
- 4.$1,279
- 5.$1,344
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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Is a Jeep Cherokee Expensive to Insure?
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.
The Best Car Insurance Company for a Jeep Cherokee
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:
- USAA is the best insurer for Jeep Cherokee drivers, although it is exclusively offered to military members and their families.
- The second-best insurer and the top option for drivers who are not in the military is GEICO.
1
USAA
Score:97
2
GEICO
Score:90
3
Progressive
Score:86
4
State Farm
Score:79
5
Nationwide
Score:75
6
Allstate
Score:70
7
Allied
Score:NaN
How Much It Costs to Insure a Jeep Cherokee by Model Year
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.
The Average Cost to Insure a Jeep Cherokee by Model Year
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- CompanyAverage Annual Rates (2020 model)Average Annual Rates (2019 model)Average Annual Rates (2018 model)Average Annual Rates (2017 model)Average Annual Rates (2016 model)Average Annual Rates (2014 model)
- 1.$1,105$1,046$1,046$1,043$1,055$966
- 2.$1,074$1,088$1,177$1,061$1,052$999
- 3.$1,150$1,148$1,119$1,112$1,101$1,064
- 4.$1,347$1,326$1,307$1,293$1,207$1,196
- 5.$1,320$1,337$1,354$1,369$1,364$1,322
How Expensive Is It to Insure a Jeep Cherokee Compared to Other Cars?
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.
How Much It Costs to Insure a Jeep Cherokee for 16- to 25-Year-Olds
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.
The Average Cost to Insure a Jeep Cherokee by Driver Age
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- AgeAverage Annual Rates
- 16$5,126
- 17$4,541
- 18$3,999
- 19$2,864
- 20$2,556
How Does Location Affect the Cost of Jeep Cherokee Insurance?
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.
FAQs About Jeep Cherokee Insurance
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.
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Methodology
MoneyGeek obtained car insurance companies data for a Jeep Cherokee Latitude from a sample 40-year old male driver whose policy includes:
- $100,000 in bodily injury liability insurance per person
- $300,000 in bodily injury liability insurance per accident
- $100,000 in property damage liability insurance per accident
- Comprehensive and collision insurance with a $1,000 deductible
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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