Buying cheap insurance for a Jeep Grand Cherokee doesn’t take a ton of time, but it depends on a lot of things such as whether you use your Grand Cherokee for business use, whether or not you garage your vehicle, and any prior driving offenses you have. Drivers will pay on average $1,092 each year to insure their Grand Cherokee, but that figure is an estimation calculated based on a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
This brings up the issue that more than likely you are not 50 and maybe not even a female, you might be married instead of single, and you may just want the cheapest liability coverage you can find. Even a minor difference in rating variables may result in significant differences in the price of coverage.
The different assumptions illustrate why the way we recommend to find the most affordable coverage for your Jeep is to do the rate comparisons yourself. In just a couple of minutes you will receive price comparisons from top-rated companies in Kentucky.
The trim level of your Grand Cherokee tends to impact the yearly cost, so the price you pay to insure a Grand Cherokee Laredo 2WD will be $118 cheaper than the cost to insure the more costly Grand Cherokee SRT-8 4WD trim level, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$242||$498||$368||$22||$110||$1,240||$103|
|Grand Cherokee Laredo 4WD||$242||$498||$368||$22||$110||$1,240||$103|
|Grand Cherokee Limited 2WD||$272||$586||$368||$22||$110||$1,358||$113|
|Grand Cherokee Limited 4WD||$272||$586||$368||$22||$110||$1,358||$113|
|Grand Cherokee SRT-8 4WD||$272||$586||$368||$22||$110||$1,358||$113|
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can impact auto insurance rates significantly.
Selecting a good quality auto insurance provider can be rather challenging considering how many different companies there are to choose from in Kentucky. The information shown below could help you select which car insurance companies you want to consider comparing rates from.
The rankings below include companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Kentucky will not be included in these rankings. If you would like to check rates from many more Kentucky auto insurance companies, click this link.
Top 10 Large Auto Insurance Companies in Louisville Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Top 10 Large Auto Insurance Companies in Louisville Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- Erie Insurance
- The General
- 21st Century
Insurance rate increases from tickets or accidents
In a perfect world, the ideal way to obtain cheap insurance premiums for a Grand Cherokee is to drive safely and not get tickets or have accidents. The illustration below demonstrates how speeding tickets and at-fault claims raise car insurance rates for each different age category. The rates are based on a single male driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of auto insurance per year with no accidents or violations is $1,970. Get written up for two speeding tickets and the average cost jumps to $2,607, an increase of $638 each year. Now add in two accidents along with the two speeding tickets and the annual cost of insurance for a Jeep Grand Cherokee jumps again to an average of $5,000. That’s an increase of $3,030, or $253 per month, just for not driving safely!
How to get discounts on Louisville auto insurance rates
Insurers that provide policies for a Jeep Grand Cherokee may also offer rate discounts that could lower prices by 40% or more if you meet the requirements. A few of the larger companies and some of their more popular discounts are shown below.
- GEICO may include discounts for air bags, military active duty, multi-policy, federal employee, five-year accident-free, and seat belt use.
- Mercury Insurance offers premium reductions for multi-policy, professional/association, location of vehicle, accident-free, ease of repair, and low natural disaster claims.
- Farmers Insurance policyholders can earn discounts including distant student, multi-car, youthful driver, pay in full, and business and professional.
- Auto-Owners Insurance offers discounts including air bags, paperless, group or association, safe driver, and paid in full.
- Liberty Mutual may offer discounts for newly retired, teen driver discount, multi-policy, new vehicle discount, new move discount, and hybrid vehicle.
- SAFECO has discounts for bundle discounts, safe driver, teen safe driver, teen safety rewards, multi-car, and accident prevention training.
- Progressive has savings for multi-policy, homeowner, online quote discount, online signing, continuous coverage, multi-vehicle, and good student.
- USAA includes discounts for family discount, driver training, annual mileage, good student, and multi-policy.
The information below shows the difference between car insurance rates with and without policy discounts. The premiums are based on a female driver, no violations or accidents, Kentucky state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with passive restraint, homeowner, anti-theft, vehicle safety, claim-free, and accident-free discounts applied. When these discounts are applied, the average amount saved each year on insurance for a Jeep Grand Cherokee is 28% or $481.
The illustration below shows how different deductible levels can raise or lower yearly insurance costs when researching cheap insurance for a Jeep Grand Cherokee. Data assumes a married female driver, full coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could cut expenses by $310 a year by changing from a $100 deductible up to a $500 deductible, or save $470 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old example, could roll back prices $770 annually just by choosing larger deductibles. When increasing deductibles, it will be important to have additional savings on hand to offset the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.