Car Insurance CostsGrand CherokeeCompare the Cost of Jeep Grand Cherokee Insurance by Model Year and Company
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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.
Car Insurance CostsGrand CherokeeTable of Contents
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.
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
pros
Charges the cheapest rates for Jeep Grand Cherokee insurance at $1,091
Second-highest customer satisfaction rating
Offers basic coverage options like roadside assistance
cons
Does not offer gap insurance
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.
MoneyGeek Runner-Up: GEICO
pros
Second-most affordable premium, costing $1,205
Ranked third for customer satisfaction
Offers accident forgiveness and mechanical breakdown insurance (MBI)
cons
Does not offer gap insurance or original equipment manufacturer (OEM) coverage
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.
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.
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.
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.
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.