Finding competitive insurance for a Jeep Grand Cherokee is pretty easy for most people to do, but it hinges on a lot of factors such as your financial responsibility, whether you are claim-free, and violations on your driving record. Drivers will pay on average $813 a year to insure their Grand Cherokee, but that price is an approximation calculated based on a 30-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.
Most likely you’re not a 30-year-old female, single instead of married, or maybe you don’t qualify for the same discounts. There is no perfect policy for every driver, so the way we recommend to find cheap car insurance rates for your Jeep is to just compare rates yourself. In just a few minutes you will be able to see rates from the best auto insurance companies in Colorado.
The trim level of your vehicle will most likely have an effect on the coverage cost, so the price you will be charged to insure a Grand Cherokee Laredo 2WD will be $72 cheaper than the price to insure the higher-end Grand Cherokee SRT-8 4WD trim level, as demonstrated by the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $162 | $282 | $358 | $22 | $108 | $932 | $78 |
| Grand Cherokee Laredo 4WD | $162 | $282 | $358 | $22 | $108 | $932 | $78 |
| Grand Cherokee Limited 2WD | $184 | $332 | $358 | $22 | $108 | $1,004 | $84 |
| Grand Cherokee Limited 4WD | $184 | $332 | $358 | $22 | $108 | $1,004 | $84 |
| Grand Cherokee SRT-8 4WD | $184 | $332 | $358 | $22 | $108 | $1,004 | $84 |
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Information does not factor in zip code location which can increase or decrease premiums substantially.
Buying cost effective auto insurance is challenging, and figuring out which company offers the best insurance rates for a Jeep Grand Cherokee involves a little more work. Each auto insurer has their own formula to set policy rates, so let’s begin by examining the lowest cost insurance companies in Colorado Springs, CO.
It’s important to know that Colorado insurance rates are determined by lots of factors which can substantially change the cost of having a policy. Price variation is why Colorado Springs drivers need to perform a complete rate comparison when trying to find the cheapest car insurance rates for a Jeep Grand Cherokee. Car insurance prices consist of many things and change dramatically, so the best option three years ago may now be one of the higher cost companies.
Compare Cheap Insurance Quotes for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $850 |
| 2 | Grange | $958 |
| 3 | USAA | $1,039 |
| 4 | GEICO | $1,141 |
| 5 | Nationwide | $1,143 |
| 6 | Auto-Owners | $1,156 |
| 7 | Travelers | $1,207 |
| 8 | State Farm | $1,209 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,376 |
| 11 | Amica | $1,381 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,488 |
| 14 | Farmers | $1,581 |
| 15 | Colorado Farm Bureau | $1,640 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,630 |
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The Hartford quotes some of the most affordable car insurance rates in Colorado Springs at around $850 annually. Grange, USAA, GEICO, and Nationwide also qualify as some of the cheaper Colorado Springs, CO car insurance companies.
As shown in the table above, if you have coverage with Nationwide and switched to Grange, you could realize annual savings of approximately $185. Customers with Auto-Owners might save as much as $198 a year, and Travelers policyholders might lower prices by $249 a year.
Understand that those prices are averaged across all insureds and vehicles and are not factoring in a specific vehicle garaging location for a Jeep Grand Cherokee. So the auto insurance company that has the cheapest rates for you may not even be in the list above. That is why you need to compare as many prices as possible using your own driver and vehicle profiles.
Should you buy full coverage?
Reducing premiums for insurance is probably important to most drivers, and one of the fastest ways to find cheaper insurance for a Jeep Grand Cherokee is to not pay for full coverage. The illustration below illustrates the comparison of insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The rates are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
As an average, comp and collision coverage costs an additional $2,186 per year more than insuring for liability only. That touches on the question if you should buy full coverage at all. There isn’t a steadfast formula to stop buying full coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.
There are some situations where removing full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
The benefit of shopping around
Colorado insurance rates are impacted by many factors which can substantially change your annual premium. Turning one year older, adding a teenager to your policy, or getting caught speeding can trigger rate changes that can make some companies cheaper than competitors. Additionally, insurers file new Colorado auto insurance rates without warning in order to be able to pay unexpected claims. A period of higher than normal claims can result in more expensive premiums, while a profitable period may produce cheaper Grand Cherokee insurance rates.
For example, the chart below shows the company with the cheapest car insurance in Colorado Springs, CO for a 30-year-old female driver with no accidents or violations, and a high credit rating. If we look at prices based on her current rating profile, The Hartford quotes the lowest car insurance rates in Colorado Springs at $991 annually. This is $587 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO round out the rest of the cheapest Colorado Springs, CO auto insurance companies.
In this next rate comparison, we will give the driver in the first chart a claim or two, a lower credit rating, and a blemish on her driving record. Since each auto insurer has their own process for determining rates, comparing prices may now result in a different ranking of the cheapest companies as shown below.
Travelers now has the best insurance rate in Colorado Springs, CO with State Farm, American Family, Grange, and Amica also being competitive. This shows why it is critical to perform an extensive rate comparison to get the cheapest auto insurance quotes for a Jeep Grand Cherokee. Auto insurance prices are calculated by many factors and can change without notice, so the best price the last time you compared rates may now be priced much higher than other options.
How to find the cheapest auto insurance for a Jeep Grand Cherokee
The list below summarizes some of the better thrifty ideas that can help Colorado drivers buy lower-cost coverage.
- Raise deductibles
- At-fault accidents will increase rates
- Safe vehicles generally have lower rates
- Drivers with good credit ratings often pay less
- Do not pay for full coverage on older vehicles
- Do not get tickets
- Compare prices as often as possible
That last piece of advice is notably crucial, as was affirmed in this piece. Insurance rates can change considerably based on profitability, so don’t be unwilling to buy from a new company if a cheaper rate is available. Brand loyalty is not necessarily bad, but it’s not recommended if that stubbornness costs you thousands of dollars over the life of your policy. Take a couple minutes and shop around and find cheaper car insurance for a Jeep Grand Cherokee in Colorado Springs.