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


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ByMark Fitzpatrick
Edited byJonathan Ramos
ByMark Fitzpatrick
Edited byJonathan Ramos

Updated: May 20, 2024

Advertising & Editorial Disclosure

Jeep Grand Cherokee insurance costs can differ based on the driver's age. For instance, a 40-year-old driver will pay $1,275 to insure a 2009 Jeep Grand Cherokee, while a 16-year-old driver will pay $5,989 for the same vehicle. Similarly, a 2022 Jeep Grand Cherokee will cost a 40-year-old driver $1,532 to insure, but a 16-year-old driver can expect to pay $6,978 for coverage.

MoneyGeek has also evaluated the best car insurance companies based on their ability to offer affordable rates while providing excellent customer service and efficient claims processing.

MoneyGeek Logo IconCar Insurance CostsGrand Cherokee
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Jeep Grand Cherokee.

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These rates were updated to reflect the average cost of car insurance for a Jeep Grand Cherokee as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Jeep Grand Cherokee

On average, insuring a Jeep Grand Cherokee costs approximately $1,418 annually, but the price can vary significantly depending on which insurance provider you choose. State Farm offers the most affordable full coverage policy for the Jeep Grand Cherokee, costing $1,091 per year, while Farmers is the most expensive, charging $1,699 annually.

State Farm is also the cheapest option, at an annual average rate of $490, whereas Farmers is still the most expensive, charging $840. We recommend conducting your own research, shopping around and comparing rates from a few different providers to find the cheapest car insurance.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,091
GEICOAverage Annual Premium$1,205
TravelersAverage Annual Premium$1,334
NationwideAverage Annual Premium$1,341
AllstateAverage Annual Premium$1,406
ProgressiveAverage Annual Premium$1,573
FarmersAverage Annual Premium$1,699

Is a Jeep Grand Cherokee Expensive to Insure?

Jeep Grand Cherokee insurance costs are impacted by various factors, including the driver's age, driving history, credit score, location and the specific year and model of the vehicle. Compared to other makes and models, the Jeep Grand Cherokee, which has an MSRP of $39,485, is considered moderately expensive to insure.

Certain vehicle models may incur higher insurance costs due to factors such as their higher value, repair expenses or theft rates. Insurance companies consider these aspects when calculating premiums, as cars that are less expensive to repair or have lower theft rates tend to be associated with lower insurance costs.

Best Companies for Insuring a Jeep Grand Cherokee

While choosing an affordable policy is beneficial, the best car insurance companies provide exceptional customer service and hassle-free claims processing. The following are the best Jeep Grand Cherokee insurance providers:

  • State Farm: MoneyGeek score of 90 out of 100 ($1,091 per year)
  • GEICO: MoneyGeek score of 88 out of 100 ($1,205 per year)

Out of the seven insurers analyzed, State Farm is the most cost-effective provider with a solid reputation for exceptional customer satisfaction, making it an ideal choice for Jeep Grand Cherokee owners seeking dependable coverage.

MoneyGeek Top Pick: State Farm

State Farm

pros

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Charges the cheapest rates for Jeep Grand Cherokee insurance at $1,091

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Second-highest customer satisfaction rating

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Offers basic coverage options like roadside assistance

cons

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Does not offer gap insurance

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Poor claims management score

COMPANY HIGHLIGHTS

According to MoneyGeek's analysis, State Farm is the best Jeep Grand Cherokee insurance provider. The company provides budget-friendly and reliable auto insurance options with top-notch customer service. State Farm also offers basic add-on coverages that may benefit most drivers.

State Farm's rental car and travel reimbursement coverage can help reduce your out-of-pocket expenses in the event of an accident. It can reimburse $500 for travel expenses such as lodging and transportation. Additionally, if you are involved in an accident while driving a rental car, State Farm's coverage includes up to $500 to cover your deductible.

State Farm also provides 24-hour roadside assistance that includes coverage for towing services, mechanical labor, locksmith labor, tire changes and the delivery of oil, gas or batteries. You can add these coverage options to your policy for a reasonable price.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

pros

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Second-most affordable premium, costing $1,205

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Ranked third for customer satisfaction

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Offers accident forgiveness and mechanical breakdown insurance (MBI)

cons

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Does not offer gap insurance or original equipment manufacturer (OEM) coverage

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Poor claims management score

COMPANY HIGHLIGHTS

GEICO is our runner-up pick because it's the second-most affordable insurer for Jeep Grand Cherokee drivers. The insurer provides several coverage options to enhance the protection of your vehicle. One such option is mechanical breakdown insurance (MBI), which covers the cost of repairs for all parts and systems for new or leased cars that are less than 15 months old and have accumulated less than 15,000 miles.

GEICO also provides accident forgiveness coverage, which protects your insurance rate from increasing after your first at-fault accident. This benefit can be earned if you've driven accident-free for at least five years, or it can be purchased if it's offered in your state.

If you encounter unexpected car trouble, GEICO's roadside assistance can provide reliable services to help you get back on the road without incurring out-of-pocket expenses. This coverage includes towing, jump starts and lockout services.

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a Jeep Grand Cherokee by Model Year

The average annual premium for insuring a 2022 Jeep Grand Cherokee is $1,532, whereas a 2009 model incurs a premium of $1,275, resulting in a difference of $257. This variation in the average cost of car insurance is likely due to the newer model's higher value and the inclusion of advanced technology and safety features that may lead to increased repair expenses after an accident. Additionally, newer vehicles tend to have higher insurance rates due to higher theft risk.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,532
2021Average Annual Premium$1,500
2020Average Annual Premium$1,452
2019Average Annual Premium$1,461
2018Average Annual Premium$1,444
2017Average Annual Premium$1,389
2016Average Annual Premium$1,390
2015Average Annual Premium$1,365
2014Average Annual Premium$1,313
2013Average Annual Premium$1,316
2012Average Annual Premium$1,295
2011Average Annual Premium$1,259
2010Average Annual Premium$1,280
2009Average Annual Premium$1,275

Insurance rates can vary based on the insurance company and the vehicle's model year. State Farm offers the most affordable full coverage insurance policies for both the 2009 and 2022 models, with rates of $953 and $1,229 per year, respectively. We recommend obtaining quotes from multiple insurers to guarantee you get the best possible rate for your specific circumstances.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,229
NationwideAverage Annual Premium$1,291
GEICOAverage Annual Premium$1,346
TravelersAverage Annual Premium$1,439
ProgressiveAverage Annual Premium$1,710
AllstateAverage Annual Premium$1,776
FarmersAverage Annual Premium$1,905

Cost of Insuring a Jeep Grand Cherokee for 16- to 25-Year-Olds

Younger drivers, particularly teenagers and those in their 20s, face much higher car insurance rates than adults aged 30 and above. Younger drivers are considered more likely to get into accidents and file claims. For example, the average Jeep Grand Cherokee insurance costs for 16-year-old drivers is $6,376 per year, which is significantly higher than the average cost of $1,376 per year for a 40-year-old driver with the same car. While teen car insurance rates decrease as they age, they tend to level off in their 20s.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$6,376
17Average Annual Premium$5,172
18Average Annual Premium$4,540
19Average Annual Premium$3,137
20Average Annual Premium$2,839
21Average Annual Premium$2,176
22Average Annual Premium$2,012
23Average Annual Premium$1,869
24Average Annual Premium$1,775
25Average Annual Premium$1,602

Including a teen driver on a family insurance plan is usually less expensive than buying them individual coverage. If you have a 2022 Jeep Grand Cherokee, State Farm has the most affordable individual plan for a 16-year-old at $3,939 per year, while Farmers charges the highest rate at $9,697 per year. Compare rates from various insurers to find the best coverage at the lowest price point.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$3,939
NationwideAverage Annual Premium$5,124
TravelersAverage Annual Premium$5,713
GEICOAverage Annual Premium$6,388
AllstateAverage Annual Premium$8,242
ProgressiveAverage Annual Premium$9,121
FarmersAverage Annual Premium$9,697

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

The type of car, model year and driver's age impact Jeep Grand Cherokee insurance costs, but your location plays a crucial role. The most affordable car insurance provider varies depending on the state, with average premiums ranging from the lowest $299 per year in Idaho to the highest $1,058 per year in Florida. If you're looking for insurance for your Jeep Grand Cherokee, we advise comparing quotes from the least expensive insurers in your state.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73

Frequently Asked Questions About Jeep Grand Cherokee Insurance

To help you search for the best Jeep Grand Cherokee insurance provider, we have compiled answers to some frequently asked questions regarding insurance costs and coverage options.

What company has the cheapest car insurance for a Jeep Grand Cherokee?
What company offers the best car insurance for a Jeep Grand Cherokee?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.