Compare the Cost of Jeep Grand Cherokee Insurance by Model Year and Company

MoneyGeek found that the average insurance cost for a Jeep Grand Cherokee is $1,238 per year. Jeep Grand Cherokee insurance rates are lower-than-average, costing roughly $190 less per year than the average across all models.

Prices will vary depending on the provider and the model year of your car. Comparing quotes across different insurance companies ensures that you secure the lowest rates.

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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.

Key Takeaways

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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.

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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.

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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.

How Much It Costs to Insure a Jeep Grand Cherokee and the Cheapest Company

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.

The Average Annual Cost of Jeep Grand Cherokee Insurance by Company

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.

The Average Cost to Insure a Jeep Grand Cherokee by Company

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Is a Jeep Grand Cherokee Expensive to Insure?

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.

The Best Car Insurance Company for a Jeep Grand Cherokee

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:

  • USAA is the best insurer for Jeep Grand Cherokee drivers, but it is exclusively offered to military members and their families.
  • The second-best insurance company overall is GEICO.

1
USAA
Score:96

4.7/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:90

5/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:85

4.6/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:82

4.2/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Jeep Grand Cherokee by Model Year

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.

The Average Cost to Insure a Jeep Grand Cherokee by Model Year

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  • Company
    Average 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 (2010 model)
    Average Annual Rates (2005 model)
  • 1.
    $1,164
    $1,130
    $1,122
    $1,099
    $1,096
    $978
    $916
  • 2.
    $1,192
    $1,206
    $1,261
    $1,166
    $1,135
    $965
    $939
  • 3.
    $1,206
    $1,204
    $1,175
    $1,165
    $1,151
    $1,092
    $1,034
  • 4.
    $1,344
    $1,322
    $1,299
    $1,284
    $1,220
    $1,143
    $1,002
  • 5.
    $1,271
    $1,286
    $1,303
    $1,317
    $1,317
    $1,360
    $1,195

How Expensive Is It to Insure a Jeep Grand Cherokee Compared to Other Cars?

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.

How Much It Costs to Insure a Jeep Grand Cherokee for 16- to 25-Year-Olds

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.

The Average Cost to Insure a Jeep Grand Cherokee by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $5,179
  • 17
    $4,587
  • 18
    $4,039
  • 19
    $2,893
  • 20
    $2,582
  • 21
    $2,044
  • 22
    $1,883
  • 23
    $1,723
  • 24
    $1,617
  • 25
    $1,467
  • 40
    $1,238

How Does Location Affect the Cost of Jeep Grand Cherokee Insurance?

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.

FAQs About Jeep Grand Cherokee Insurance

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.

Read More About Car Insurance

Methodology

MoneyGeek obtained information about Jeep Grand Cherokee Laredo insurers from a sample 40-year old male driver whose policy covers:

  • 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 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.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.