The average cost of Jeep Grand Cherokee insurance per year is about $1,414 or $118 per month. But there are several factors go into the premium calculation exercise and so, at an individual level, the cost of insurance will vary. As per the National Automobile Dealers Association (NADA), the average cost to insure the Jeep Grand Cherokee for a period of 5 years could be $5,000. The price is based on the assumption that a driver is driving the base model. Going by this logic, the driver will have to pay $1,000 per year or $86 per month for car insurance. Nevertheless, the NADA also says that premium levels will rise as high as to $250 per month if a driver has been driving the vehicle on road for less than 3 years. Consult a competent local agent to learn more about Jeep Cherokee insurance!
Atozinsuranceusa.com specializes in providing education to drivers all over the United States about the ways in which car insurance costs can be reduced without compromising on the coverage levels. We also provide expert help online to get and compare the best as well as the cheapest free quote estimates online within minutes.
Read on to learn about the factors that affect insurance rates provided for Jeep Grand Cherokee!
You need to be aware that Jeep Cherokee car insurance rates may also vary from state to state. It has been found that on an average Jeep Cherokee drivers in Louisiana tend to pay $183 per month for insurance and at the same time Cherokee drivers in Maine pay as less as $66 per month. The average insurance cost Jeep Grand Cherokee is around $108 across the United States. To have some understanding of how auto insurance rates are calculated, it is important that you have some idea regarding the factors which impact premiums. Coverage types and extent dictate the pricing mechanisms and so, here is some vital information pertaining to the same which you may find useful during your effort to secure a solution that works best for your specific driving needs and budget.
Coverage type and percentage
- Bodily injury coverage-6 %
- Property damage coverage-11%
- Collision coverage -19 %
- Comprehensive coverage- 29%
- Medical payment insurance- 40%
- Personal injury protection (PIP)-38%
Apart from the coverage types, the cost of Jeep Grand Cherokee insurance will also depend on the exact make and model of your vehicle that is to be insured. While the average insurance cost for Jeep Grand Cherokee 2020 model could be $1,414 yearly, that for a 2010 model could be around $1,156 per year. In addition, driver’s age and gender may also affect insurance rates in a big way. Teen drivers need to pay significantly more for Jeep Cherokee insurance than senior drivers. If you are a 20 year old driver then you may have to pay $1,730 or more per year than what a 30 year old driver will pay for Jeep Cherokee insurance (same model). And the premium price can spiral beyond control if a teen or 20 year old driver has multiple accidents and traffic violations on his/her driving record. Talk to one of our local experts to learn more about current trends in Jeep Cherokee insurance rates today!
The same logic may apply to high-risk drivers as far as Jeep Cherokee car insurance coverage goes. A high-risk driver is one who has two or more at-fault accidents or traffic violations on his driving slate. If you are a high-risk driver then you must be prepared to dish out $1,600 to $2,300 extra for Jeep Cherokee insurance every month. The figure indicates a 128% insurance rate hike as compared to what a driver with a clean driving record pays. Similarly, Jeep Cherokee drivers residing in urban localities will be required to pay more for insurance than those dwelling in suburbs and rural areas. This is because traffic density is high in urban areas as compared to suburbs or rural areas. So, the probability of meeting with accidents increases due to which coverage risks increase for insurers.
However, it is possible to save money on your Jeep Grand Cherokee insurance. Here are some useful tips which you may follow to accrue additional savings over and above premium discounts.
1. Take up a defensive driver’s training course from some government accredited institute. It will help you to become a responsible driver on road and reduce possibility of meeting with an accident. An accident and tickets free record can fetch you a premium discount.
2. Prevent coverage lapse by renewing policy on time and you even get concession if you renew your car cover early to avoid paying late fees.
3. If you pay entire annual auto insurance premium in lump sum at one go then you can save money on fees and other charges.
4. Most of the insurers may offer a low mileage discount on Jeep Cherokee car insurance if you drive fewer miles throughout the year. So, you can use public transportation system more often.
5. For reducing car insurance premium by up to $570, you can double minimum liability car coverage limits.
6. Extensive shopping and comparison of multiple free quotes provided by several different insurers can enable you to locate the best as well as the cheapest Jeep Cherokee auto insurance quote.
Atoz Insurance usa can assist you to find the best cheap insurance quote for the Jeep Grand Cherokee and can en help you to determine your eligibility to get auto insurance discounts for disabled drivers online through a process that is absolutely simple, easy and hassle-free. Take advantage of our online specialist services online to secure a solution that specifically caters to your driving needs and fits your budget.
