Jeep Grand Cherokee insurance image courtesy of QuoteInspector.com
Buying the cheapest coverage for a Jeep Grand Cherokee doesn't take too much effort, but it relies on a whole bunch of factors such as your age, the likelihood of vehicle theft, and any past driving violations you may have had. Drivers will pay around $1,557 annually for Grand Cherokee insurance, but that cost is an estimation calculated based on a 50-year-old single female driver with full physical damage coverage and $100 deductibles.
The problem with using this number is the good chance you are not 50 and maybe not even a female, you might be married instead of single, or maybe you want different physical damage deductibles. Just a minor difference in the rating criteria used to formulate rates can result in a massive change in the cost of insuring your Grand Cherokee.
Every driver's needs are different, and that is why the best way to find cheap insurance prices for your Jeep is to do a thorough rate comparison.
The specific trim level will be a contributing factor to the cost of insurance, so the price you will be charged to insure a Grand Cherokee Laredo 2WD model will be $170 less than the insurance cost for the higher-priced Grand Cherokee SRT-8 4WD version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $344 | $708 | $524 | $32 | $158 | $1,766 | $147 |
| Grand Cherokee Laredo 4WD | $344 | $708 | $524 | $32 | $158 | $1,766 | $147 |
| Grand Cherokee Limited 2WD | $388 | $834 | $524 | $32 | $158 | $1,936 | $161 |
| Grand Cherokee Limited 4WD | $388 | $834 | $524 | $32 | $158 | $1,936 | $161 |
| Grand Cherokee SRT-8 4WD | $388 | $834 | $524 | $32 | $158 | $1,936 | $161 |
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Rates do not factor in specific garaging location which can decrease or increase premium rates noticeably.
Determining which company has the cheapest auto insurance rates for a Jeep Grand Cherokee takes a little more sweat than just getting one or two price quotes. Each auto insurance company uses their own calculation to set their prices, so let's take a look at the auto insurance companies with the overall best prices in Louisiana.
Keep in mind that New Orleans auto insurance rates are calculated based on many things that can increase the price you have to pay for coverage. Simply having another birthday, buying a new vehicle, or having an at-fault accident can cause premium changes that can make some companies cheaper than competitors.
Lowest Insurance Price Quotes for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | GEICO | $1,887 |
| 3 | MetLife | $1,892 |
| 4 | Progressive | $1,927 |
| 5 | Safeway | $2,154 |
| 6 | Southern Farm Bureau | $2,248 |
| 7 | California Casualty | $2,269 |
| 8 | State Farm | $2,383 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,170 |
| 12 | Liberty Mutual | $3,645 |
| Get Personalized Rates Go | ||
USAA quotes some of the cheapest car insurance rates in New Orleans at around $1,642 annually. This is $772 less than the average policy premium paid by Louisiana drivers of $2,414. GEICO, MetLife, Progressive, and Safeway also qualify as some of the cheaper New Orleans, LA car insurance companies.
As shown in the rates above, if you are a customer of Progressive and switched to GEICO, you may see an annual premium reduction of in the neighborhood of $40. Louisiana drivers with Safeway could save as much as $267 a year, and Southern Farm Bureau customers might realize rate reductions of up to $361 a year.
Understand that those estimates are averaged for all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location for a Jeep Grand Cherokee. So the car insurance company that fits your situation best may not even be in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own personalized driver profile and vehicle information.
Comparison of full coverage and liability-only policies
Finding the cheapest auto insurance should be important to the majority of people, and an effective way to lower the cost of insurance for a Jeep Grand Cherokee is to buy only liability coverage. The information below visualizes the comparison of annual premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims or driving violations, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, full coverage costs an extra $2,583 per year more than just buying liability insurance. Many drivers may wonder if physical damage coverage is worth the money. There is no set rule to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
The illustration below illustrates how your choice of deductibles can raise or lower premium costs when quoting cheap insurance for a Jeep Grand Cherokee. The data assumes a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 40-year-old driver could pocket $534 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $804 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could roll back prices $1,760 each year by choosing a larger deductible amount. When increasing deductibles, it is necessary to have plenty of discretionary funds to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Tips to find the cheapest auto insurance for a Jeep Grand Cherokee
It is possible to find better rates, and here are some of the recommended penny-pinching suggestions that can help you find more affordable coverage.
- Claim-free policyholders usually earn a discount
- Do not pay for full coverage if not needed
- Accidents can significantly increase rates
- Raise comprehensive and collision coverage deductibles
- Avoid getting citations and tickets
- Compare prices frequently to find the best deal
The last tip in the list is certainly vital, as we emphasized in this write-up. Coverage prices can change in a short period of time, so don't be hesitant to change to a new company if a lower-cost policy is available. Being loyal to a particular company is commendable, but it's not a good idea if your bullheadedness ends up costing you a lot of money. Now is a great time to shop around and find cheaper auto insurance for a Jeep Grand Cherokee in New Orleans.