Jeep Grand Cherokee Insurance Rates

Jeep Grand Cherokee Insurance Rates are high. Many factors go into the calculation of rates, including the car's safety features, age and value. But even if you have a perfect driving record and a new car, your insurance rates will be higher if you live in a city than if you live in the country.

Jeep Grand Cherokee insurance costs an average of $1,238 per year, around $190 less than what other car models cost. Your specific Jeep Grand Cherokee premium could be as low as $408.

Let`s go further and find out what are some more reasons why your Jeep Grand Cherokee insurance rates might be high.

Are Jeeps High On Insurance?

On average, insuring a Jeep Wrangler is relatively cheap. Most insurance companies charge an annual premium of around $1,146 for Jeep Gr Cherokees, which is lower than the national average rate for most vehicle models.

If you live in a city, your insurance rates will be higher than if you live in the country. The reason for this is that there are more chances of accidents and theft in a city than in a rural area. Also, traffic congestion is another factor that contributes to higher rates.

Another reason why your Jeep Grand Cherokee insurance rates might be high is if you have a poor driving record. If you have been involved in accidents or have received speeding tickets, your rates will be higher than someone with a clean driving record. Insurance companies consider you to be a higher-risk driver and will charge you accordingly.

The value of your car also affects your insurance rates. If you have a new car, your rates will be higher than if you have an older model. This is because a new car is worth more money and is thus more expensive to replace if it is stolen or totaled in an accident.

The safety features of your car also play a role in determining your Jeep Grand Cherokee insurance rates. If your car has airbags, anti-lock brakes, and other safety features, your rates will be lower than if it does not have these features.

Finally, the age of your car affects your insurance rates. If you have a newer car, your rates will be higher than if you have an older model. This is because a newer car is more likely to be involved in an accident than an older car.

So, if you are looking for ways to save on your Jeep Grand Cherokee insurance rates, consider these factors. You may be able to get a lower rate by shopping around, driving safely, and insuring an older model.

Average Prices and Extra Fees

The average cost of insuring a Jeep Grand Cherokee for five years is about $5000. This number assumes the driver has a base model and pays about $86 a month or $1000 a year for auto insurance. However, NADA notes that the average premium rises to $250 a month for drivers who have been on the road for less than three years.

This price includes the base insurance premium, which is the price of the insurance without any extras. Extras can include things like towing and rental car reimbursement. The average cost of these extras is about $20 a month, or $240 a year.

The average cost of insuring a Jeep Grand Cherokee over five years is $5250. This price covers the base premium and additional features. Different aspects of coverage, like collision or comprehensive insurance, cost more for this model because its loss rate is higher than other models. Here's how specialists break it down:

  • Payment insurance for medical expenses: 40 percent
  • Personal injury protection is vital for those who may get into an accident: 38 percent
  • All-encompassing insurance: 29 percent
  • Coverage for damage caused by collisions: 19 percent
  • Property damage coverage: 11 percent
  • Coverage for any physical injuries you or your family members may sustain: 6 percent

So, as you can see, the cost of insuring a Jeep Grand Cherokee is not as cheap as you might expect. However, there are ways to get lower rates. One way is to shop around for the best deal. Another way is to add extra safety features to your car. Finally, you can try to get a longer policy term to save on the overall cost of coverage.

Is SUV Cheaper To Insure?

On average, SUVs are more expensive to insure than sedans; however, this will differ depending on the SUV model. Some factors that play into this cost include how well the vehicle performs in crash tests and its risk of being stolen. To save on insurance costs, research an SUV that has good grades in crash tests and is less sought-after by car thieves.

If you have a sedan or crossover SUV, you'll likely pay less to insure it than a larger SUV. That's because smaller vehicles have an easier time maneuvering around traffic and are at a lower risk for rollovers. They also generally cost less to repair after an accident.

While minivans and SUVs have gotten safer over the years, they're still more likely to be involved in a rollover accident than a sedan. That's why their insurance rates are higher. If you're looking for an SUV that's cheaper to insure, consider one with a high safety rating and low risk of rollover accidents.

Some factors that play into this cost include how well the vehicle performs in crash tests and its risk of being stolen. To save on insurance costs, research an SUV that has good grades in crash tests and is less sought-after by car thieves.

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