Buying economical auto insurance for a Jeep Grand Cherokee is usually pretty straightforward, but it relies on a lot of rating factors such as whether you are single or married, your residence address, and your motor vehicle report. Drivers pay on average $765 annually to insure their Grand Cherokee, but that amount is an estimate using a 30-year-old single male driver with both comprehensive and collision coverage and $1,000 deductibles.
When making auto insurance estimates, the issue arises that you aren't exactly 30 years old or even a male, married instead of single, or maybe your Grand Cherokee is old enough that it doesn't require full coverage. Have just a small change in rating criteria can result in a big discrepancy in the cost of insurance for a Jeep Grand Cherokee.
Different coverage needs are the reason why the way we recommend to find the cheapest insurance price for your Jeep is to do the rate comparisons yourself. Do a quick rate comparison now and you will receive rate quotes from some of the cheapest companies that sell coverage in Indiana.
The specific model of Grand Cherokee will most likely have an effect on the cost of coverage, so the price to insure a Grand Cherokee Laredo 2WD trim level will cost $60 less than the cost to insure the higher-priced Grand Cherokee SRT-8 4WD trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$152||$230||$368||$22||$110||$882||$74|
|Grand Cherokee Laredo 4WD||$152||$230||$368||$22||$110||$882||$74|
|Grand Cherokee Limited 2WD||$172||$270||$368||$22||$110||$942||$79|
|Grand Cherokee Limited 4WD||$172||$270||$368||$22||$110||$942||$79|
|Grand Cherokee SRT-8 4WD||$172||$270||$368||$22||$110||$942||$79|
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in vehicle garaging location which can change premiums considerably.
Finding reliable, reasonably-priced insurance is not the easiest thing to accomplish, and finding out which companies offer the cheapest car insurance rates for a Jeep Grand Cherokee in Indiana may require even more diligence. Every insurance provider has their own guidelines for setting rates, so to begin we'll rank the most budget-friendly car insurance companies in Indiana.
It's important that readers know that Indiana car insurance rates are calculated based on many things which can significantly increase or decrease the policy price. This is why consumers need to take the time to shop around with many companies when trying to get the cheapest insurance rates for a Jeep Grand Cherokee. Insurance rates can be altered by many risk factors and can decrease or increase without notice, so the lowest-price company when you bought your policy may now cost much more than other companies.
Best Cheap Insurance Rates for Your Jeep
|Rank||Company||Cost Per Year|
|6||Indiana Farmers Mutual||$867|
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Travelers generally has some of the best car insurance rates in Indiana at around $614 each year. This is $626 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve would also be considered some of the most economical Indiana insurance companies.
As illustrated above, if you currently buy coverage from Western Reserve and switched to Cincinnati Insurance, you may see yearly savings of in the neighborhood of $200. Insureds with Indiana Farmers Mutual may save as much as $203 a year, and The Hartford customers might reduce prices by as much as $217 a year.
To discover how much you can save, click here to begin a quote or quote prices from the following companies.
Be aware that those estimates are averages for all drivers and vehicles and and are not figured with a specific rate value for a Jeep Grand Cherokee. So the auto insurance company that fits your needs best may not even be in the top 36 companies shown above. That illustrates why you need to get quotes using your own driver information and specific vehicle type.
The chart below demonstrates how choosing different deductibles can affect premium costs when researching cheap insurance for a Jeep Grand Cherokee in Indiana. The data assumes a married female driver, full coverage, and no policy discounts are applied.
The data above shows that a 50-year-old driver could pocket $232 a year by switching from a $100 deductible up to a $500 deductible, or save $348 by using a $1,000 deductible. Even younger insureds, like the 20-year-old, could potentially save as much as $566 or more by choosing a higher deductible. When increasing deductibles, it will be important to have enough savings to be able to cover the extra out-of-pocket expense associated with higher deductibles.
Types of discounts on Indiana car insurance
Auto insurance companies that offer coverage for a Jeep Grand Cherokee may provide special discounts that could potentially reduce rates by as much as 40% or more if you are eligible to receive them. Popular car insurance companies and some of the premium reductions they offer can be found below.
- Farm Bureau discounts include safe driver, renewal discount, multi-vehicle, youthful driver, multi-policy, and driver training.
- State Farm offers premium reductions for good driver, multiple policy, multiple autos, driver's education, and defensive driving training.
- Progressive has discounts for good student, multi-policy, online signing, homeowner, continuous coverage, and multi-vehicle.
- Allstate includes discounts for utility vehicle, good payer, auto/life discount, FullPay discount, farm vehicle, and multi-policy.
- Nationwide policyholders can earn discounts including multi-policy, Farm Bureau membership, accident-free, good student, family plan, defensive driving, and easy pay.
- MetLife offers discounts for claim-free, accident-free, good student, multi-policy, good driver, and defensive driver.
The example below illustrates the difference between premium costs with and without discounts. The rates are based on a female driver, no violations or claims, Indiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, multiple vehicle, accident-free, claim-free, defensive driving course, and homeowner discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for a Jeep Grand Cherokee is 28% or $415.
How to find low-cost car insurance for a Jeep Grand Cherokee in Indiana
The list below summarizes some of the better thrifty suggestions that can help Indiana drivers find low-cost coverage.
- Drive attentively and avoid accidents
- If possible, pay for small claims out-of-pocket
- Improve your credit
- Buy a vehicle with excellent safety ratings
- Maintain a clean driving record
- Keep rates low by comparing prices once a year
The last tip in the list is extremely significant, as we discussed in this write-up. Coverage prices vary greatly, so don't be unwilling to switch companies if you can save money. Many drivers prefer to stick with one company, but it's not a great idea if that stubbornness costs you a small fortune. It only take a few minutes to shop around to find cheaper auto insurance for a Jeep Grand Cherokee.