If you want to find the absolute lowest rates, then the best way to get cheaper Jeep Grand Cherokee insurance is to annually compare prices from insurers in Colorado Springs. Rate comparisons can be done by completing these steps.
First, get a basic knowledge of car insurance and the measures you can control to prevent expensive coverage. Many rating factors that result in higher prices such as at-fault accidents, speeding tickets, and an unfavorable credit rating can be eliminated by making small lifestyle or driving habit changes. Later in this article we will cover information to get lower rates and earn larger discounts.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from one company like GEICO or Allstate, while independent agents can quote rates for a wide range of insurance providers. Compare rates
Third, compare the quotes to the price on your current policy to see if a cheaper rate is available. If you can save money, make sure there is no lapse in coverage.
A good piece of advice is to try to compare the same coverage limits and deductibles on every quote request and and to compare as many companies as feasibly possible. This helps ensure an apples-to-apples comparison and the best price selection.
Anyone knows that insurance companies want to keep your business as long as possible. People who shop for lower rates will presumably move their business because the odds are good of finding a lower-cost company. A study showed that drivers who regularly compared rates saved approximately $3,400 over four years compared to policyholders who never shopped around for better prices.
If finding the cheapest price on auto insurance is your ultimate objective, then having a grasp of how to compare coverage rates can help you succeed in saving money.
If you currently have auto insurance, you will be able to lower your rates using the following tips. Locating the best insurance company for you in Colorado Springs is much easier if you have a good place to start. But Colorado drivers can benefit from knowing how insurance companies market insurance on the web because it can help you find the best coverage.
When quoting car insurance, remember that more quotes increases the chance that you will find more affordable insurance. Some insurance companies are not set up to provide rate quotes online, so it’s recommended that you also compare price estimates from the smaller companies as well.
The companies in the list below offer price quotes in Colorado. If you want to find cheap auto insurance in CO, it’s a good idea that you compare several of them in order to find the cheapest rates.
Car insurance in Colorado serves several purposes
Even though it’s not necessarily cheap to insure a Jeep in Colorado Springs, buying car insurance serves several important purposes.
First, just about all states have minimum liability requirements which means you are required to buy a specific level of liability protection in order to drive the car. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your Grand Cherokee has a loan, most banks will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may insure your Jeep at a significantly higher premium and require you to pay for the much more expensive policy.
Third, insurance protects not only your car but also your financial assets. Insurance will pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of buying car insurance greatly outweigh the cost, especially if you ever need it. The average driver in America is currently overpaying as much as $865 each year so compare quotes from several companies at every policy renewal to ensure rates are inline.
Rates and other information
The premium table below highlights detailed analysis of insurance rates for Jeep Grand Cherokee models. Having a good understanding how policy rates are calculated can assist in making smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $190 | $362 | $396 | $24 | $118 | $1,090 | $91 |
| Grand Cherokee Laredo 4WD | $190 | $362 | $396 | $24 | $118 | $1,090 | $91 |
| Grand Cherokee Limited 2WD | $214 | $426 | $396 | $24 | $118 | $1,178 | $98 |
| Grand Cherokee Limited 4WD | $214 | $426 | $396 | $24 | $118 | $1,178 | $98 |
| Grand Cherokee SRT-8 4WD | $214 | $426 | $396 | $24 | $118 | $1,178 | $98 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price information does not factor in garaging location in Colorado Springs which can influence premiums considerably.
Physical damage deductibles
One common question asked by Colorado Springs drivers is the level to set your comp and collision deductibles. The rates below illustrate the differences in premium rates when you select higher and lower policy deductibles. The first price estimate table uses a $250 physical damage deductible and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $272 | $458 | $352 | $20 | $106 | $1,233 | $103 |
| Grand Cherokee Laredo 4WD | $272 | $458 | $352 | $20 | $106 | $1,233 | $103 |
| Grand Cherokee Limited 2WD | $306 | $538 | $352 | $20 | $106 | $1,347 | $112 |
| Grand Cherokee Limited 4WD | $306 | $538 | $352 | $20 | $106 | $1,347 | $112 |
| Grand Cherokee SRT-8 4WD | $306 | $538 | $352 | $20 | $106 | $1,347 | $112 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Grand Cherokee Laredo 4WD | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Grand Cherokee Limited 2WD | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Grand Cherokee Limited 4WD | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Grand Cherokee SRT-8 4WD | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Prices do not factor in specific location information which can revise premiums significantly.
We can derive from the above data that using a $250 deductible will cost in the ballpark of $26 more each month or $312 every year averaged for all Grand Cherokee models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 29 months between claim filings, you would most likely save money if you decide on a higher deductible.
How violations and accidents impact rates
The example below illustrates how traffic citations and fender-benders influence Jeep Grand Cherokee car insurance costs for different ages of insureds. The price estimates are based on a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
Cost difference between full coverage and liability
The illustration below compares Jeep Grand Cherokee insurance premiums when comparing full coverage to liability only. The prices are based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Should you pay for full coverage?
There is no definitive formula of when to drop physical damage coverage, but there is a general school of thought. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your Jeep Grand Cherokee replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the policy deductible has been paid. If you are paying over $700 annually for full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where dropping full coverage is not a good plan. If you still owe money on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.
Lower rate quotes with discounts
Auto insurance is not inexpensive, but you might find some hidden discounts to reduce the price significantly. Many of these discounts will be applied automatically when you purchase, but a few must be asked for before you get the savings.
- Theft Deterrent – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and will qualify for a discount on a Colorado Springs auto insurance quote.
- New Car Discount – Insuring a vehicle that is new can save up to 30% because new model year vehicles are generally safer.
- Mature Driver Discount – Mature drivers can get lower premium rates.
- Federal Government Employee – Active or former government employment may qualify for a discount when you quote Colorado Springs auto insurance with some auto insurance companies.
- Membership in Organizations – Being in specific professional or occupational memberships or organizations is a simple method to lower premiums on your bill.
- One Accident Forgiven – Not really a discount, but companies like GEICO, State Farm, and Progressive allow you one accident before they charge you more for coverage as long as you don’t have any claims prior to being involved in the accident.
As a footnote on discounts, most discount credits are not given to the entire policy premium. A few only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think all the discounts add up to a free policy, it just doesn’t work that way. But all discounts should help lower the premium cost.
The diagram below shows the difference between Jeep Grand Cherokee auto insurance rates with and without policy discounts. The data assumes a male driver, no violations or claims, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, homeowner, and marriage discounts applied.
A few popular companies and a selection of discounts are included below.
- State Farm may offer discounts for student away at school, multiple autos, anti-theft, accident-free, defensive driving training, and driver’s education.
- GEICO policyholders can earn discounts including multi-vehicle, anti-theft, federal employee, membership and employees, and anti-lock brakes.
- Liberty Mutual has savings for teen driver discount, new vehicle discount, exclusive group savings, preferred payment discount, hybrid vehicle, newly retired, and good student.
- The Hartford offers premium reductions for vehicle fuel type, air bag, driver training, bundle, and defensive driver.
- MetLife includes discounts for accident-free, good student, claim-free, multi-policy, good driver, defensive driver
- Progressive may have discounts that include homeowner, online quote discount, continuous coverage, multi-policy, online signing, good student, and multi-vehicle.
When getting free Colorado Springs auto insurance quotes, it’s a good idea to each company or agent which discounts they offer. Savings may not be offered everywhere. To see a list of insurers with discount rates in Colorado Springs, follow this link.
Comparing rates from local Colorado Springs insurance agents
Many people just want to go talk to an agent and doing so can bring peace of mind The biggest benefit of price shopping on the web is the fact that drivers can get cheap auto insurance quotes but also keep your business local. Buying from local agencies is especially important in Colorado Springs.
To find an agent, once you fill out this form (opens in new window), your insurance data is emailed to insurance agents in Colorado Springs that can give you free Colorado Springs auto insurance quotes for your business. There is no reason to contact any agents since price quotes are sent to you directly. You’ll get the best rates and work with a local agent. If you wish to compare rates from one company in particular, just find their quoting web page and complete a quote there.
What types of auto insurance agents are in Colorado Springs?
When researching a local insurance agency, there are a couple of types of agencies and how they are distinctly different. Agents are either independent agents or exclusive agents.
Independent Auto Insurance Agents
Agents that elect to be independent are not required to write business for one company and that gives them the ability to insure with multiple insurance companies and get the cheapest rates. If you want to switch companies, they can switch companies in-house without you having to go to a different agency.
If you need lower rates, it’s recommended you compare prices from multiple independent agents to have the most options to choose from.
Listed below are Colorado Springs independent insurance agents who may be able to give you free price quotes.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 – Colorado Springs, CO 80918 – (303) 974-7676 – View Map
Southern Colorado Insurance Center
4390 Academy Blvd N – Colorado Springs, CO 80918 – (719) 329-4441 – View Map
A Better Choice Auto Insurance
1863 N Circle Dr – Colorado Springs, CO 80909 – (719) 667-1301 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive have only one company to place business with and examples are State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide prices from multiple companies so you might not find the best rates. Exclusive agencies are well schooled on what they offer which helps offset the inability to provide other markets.
Shown below are Colorado Springs exclusive insurance agencies that can give you price quotes.
American Family Insurance – Michael Brandl Agency Inc.
1965 Dominion Way Ste 120 – Colorado Springs, CO 80918 – (719) 630-7557 – View Map
Connie Slater – State Farm Insurance Agent
5731 Silverstone Terrace #120 – Colorado Springs, CO 80919 – (719) 268-9003 – View Map
Farmers Insurance – Mark Olsen
1870 Dublin Blvd e – Colorado Springs, CO 80918 – (719) 593-9916 – View Map
Picking the best insurance agent is decision based upon more than just the price. The answers to these questions are important, too.
- Do they have designations such as AIC, CPCU, or CIC?
- How long has the business existed?
- What will you get paid if your car is a total loss? How is that amount determined?
- How experienced are they in personal risk management?
- What are their preferred companies if they are an independent agency?
- If your car is in the repair shop, do you have coverage for a rental car?
- What insurance company do they write the most business with?
- Will a damage claim use OEM or aftermarket replacement parts?
After talking to the agent and getting reasonable responses to your questions in addition to an acceptable price estimate, it’s a good possibility that you have found an insurance agency that is professional and can insure your vehicles. But keep in mind you can cancel coverage when you choose so never assume you’re contractually obligated to the auto insurance policy for the full term.
Smart consumers save more
We’ve covered many ideas to shop for Jeep Grand Cherokee insurance online. It’s most important to understand that the more price quotes you have, the higher your chance of finding the cheapest Jeep Grand Cherokee rate quotes. Consumers could even find that the most savings is with some of the lesser-known companies. These companies may often insure only within specific states and give better rates as compared to the big name companies such as Allstate and Progressive.
As you restructure your insurance plan, do not sacrifice coverage to reduce premiums. In many cases, someone sacrificed collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at the best possible price.
Cheaper Jeep Grand Cherokee insurance in Colorado Springs can be found on the web as well as from independent agents in Colorado Springs, and you need to price shop both to have the best selection. There are still a few companies who may not offer the ability to get a quote online and usually these smaller companies prefer to sell through independent insurance agencies.
More tips and info about auto insurance is located in these articles:
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Who Has the Cheapest Colorado Springs Auto Insurance Rates for State Employees? (FAQ)
- Who Has Affordable Colorado Springs Auto Insurance for a Company Car? (FAQ)
- Who Has Affordable Colorado Springs Auto Insurance for 17 Year Olds? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Quotes for a Nissan Sentra? (FAQ)
- Winter Driving (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)
- Help Your Teen Be a Better Driver (State Farm)
- What to do at the Scene of an Accident (Insurance Information Institute)