When searching for the cheapest car insurance for a Jeep Grand Cherokee, it helps to shop around. Insurers charge different rates for the same car model depending on the driver profile, the model year of your car and more. Comparing rates from various providers can help you get the best deal.
The average cost to insure a Jeep Grand Cherokee is $1,238 per year, which is $190 less than the average cost for all car models.
Jeep Grand Cherokee insurance costs may vary by as much as $408 based on the insurer. You can save hundreds of dollars annually by comparing quotes.
Depending on the model year, insurance costs for the Jeep Grand Cherokee may differ by up to $288. Insurance companies charge less for older models.
Insurance rates for a Jeep Grand Cherokee vary considerably between providers. Your actual cost may be higher or lower than the model’s average of $1,238 based on the insurance company you choose.
The cheapest car insurance carrier for a Jeep Grand Cherokee is GEICO at $1,072 per year on average. The difference between GEICO and the most expensive provider is up to $408. This price difference highlights why it is important to shop around for rates.
MoneyGeek collected data about insurance companies and their rates using a sample driver profile. The sample driver is a 40-year-old male with 100/300/100 liability insurance, including comprehensive and collision coverage.
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Insurance companies consider several factors when calculating rates for each car model. Drivers with expensive vehicles, models with a high theft rate or those that incur higher repair costs pay more for car insurance.
Jeep Grand Cherokee insurance rates tend to be inexpensive due to the model's low value and low horsepower. Low-value cars cost less to repair, while models with low horsepower aren't involved in major accidents as frequently. These two reasons contribute to why insurance costs for a Jeep Grand Cherokee are low.
When purchasing car insurance for a Jeep Grand Cherokee, cost should not be the only factor to consider. Customer experience matters as well.
MoneyGeek rated insurance providers based on affordability, financial stability, customer satisfaction and customer complaint scores. Based on the findings:
Newer versions of the Jeep Grand Cherokee are often more expensive to insure than older models. As a car’s value depreciates, its comprehensive and collision insurance rates also decrease.
The average cost of insurance for a 2005 Jeep Grand Cherokee is $1,049 per year and $1,337 for the 2020 model. Drivers can save up to $288 annually based on the model year of their car.
Insurance companies also charge different rates for different model years. The cheapest provider for a 2020 Jeep Grand Cherokee is GEICO, at an average of $1,164 per year.
Choose your Jeep Grand Cherokee year below to see how rates compare between insurers.
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Is a Jeep Grand Cherokee expensive to insure? Car insurance rates for this model are considerably lower than other models. The average cost of insurance for a Jeep Grand Cherokee is about $1,238, less than the national average by $190.
Due to inexperience, young drivers pay more for car insurance regardless of the car they drive. Their inexperience makes them riskier to insure.
The insurance cost for an 18-year-old driving a Jeep Grand Cherokee is $4,039 per year on average, which is up to $2,802 more than what a 40-year old pays annually.
It is less expensive when teens and their parents share a policy than when teens purchase their own coverage. If cost is a concern, parents should consider adding their teen to their car insurance policy.
You can find costs for young drivers between ages 16 and 25 below.
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The cost estimates in this article are based on a national average and may vary based on where you live. You can find the average costs for your specific state using the MoneyGeek state page analysis.
Your car model influences how much you pay for car insurance. However, it is only one of the many factors that determine your premiums. MoneyGeek answers some of the frequently asked questions about insuring a Jeep Grand Cherokee below.
MoneyGeek obtained information about Jeep Grand Cherokee Laredo insurers from a sample 40-year old male driver whose policy covers:
The rates are average estimates and should only be used to determine what you could pay for car insurance. They do not represent actual car insurance costs for every driver.
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