Buying affordable auto insurance for a Jeep Grand Cherokee is pretty simple, but it hinges on a lot of rating criteria such as annual miles driven, whether or not you have filed claims in the past, and citations on your driving record. Drivers will pay on average $765 a year for Grand Cherokee insurance, but that cost is a projection calculated using a 30-year-old single male driver with full coverage and $1,000 deductibles.
There’s a high likelihood you’re not a 30-year-old male, married instead of single, or you just prefer to insure for liability only. Even a minor change in rating criteria can result in a large change in the price of coverage.
The different assumptions illustrate why the way we recommend to find the cheapest coverage for your Jeep is to do your own rate comparisons. It takes less than five minutes and you can get prices from the best auto insurance companies in Indiana.
Cheapest Jeep Grand Cherokee Insurance Rates
The specific trim level can impact the cost of insurance, so the price you will pay to insure a Grand Cherokee Laredo 2WD trim level will cost $60 less than the price to insure the higher-end Grand Cherokee SRT-8 4WD version, as shown 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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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Estimates do not factor in vehicle location which can increase or decrease auto insurance rates substantially.
Comparing rates for low-priced car insurance is not the easiest thing to do, and figuring out which companies have the cheapest auto insurance rates for a Jeep Grand Cherokee will take even more perseverance.
Every auto insurer has a proprietary method for setting rates, so we’ll take a look at the most affordable auto insurance companies in Fort Wayne, IN.
Best Cheap Insurance Rates for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $596 |
| 2 | Cincinnati Insurance | $658 |
| 3 | USAA | $681 |
| 4 | Erie | $726 |
| 5 | Western Reserve | $838 |
| 6 | Indiana Farmers Mutual | $875 |
| 7 | Auto-Owners | $879 |
| 8 | The Hartford | $881 |
| 9 | State Farm | $957 |
| 10 | Utica National | $965 |
| 11 | Motorists Mutual | $966 |
| 12 | Nationwide | $968 |
| 13 | Safeco | $983 |
| 14 | Hastings Mutual | $1,013 |
| 15 | Wolverine Mutual | $1,061 |
| 16 | Farmers | $1,064 |
| 17 | Westfield | $1,072 |
| 18 | GEICO | $1,089 |
| 19 | Progressive | $1,106 |
| 20 | State Auto | $1,131 |
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Travelers offers some of the most affordable car insurance rates in Fort Wayne at around $596 a year. This is $644 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Western Reserve are also some of the cheapest Fort Wayne, IN car insurance companies.
As shown in the rates above, if you currently have a policy with Erie and switched to Travelers, you might achieve annual savings of in the neighborhood of $130. Drivers with Western Reserve might save as much as $242 a year, and Indiana Farmers Mutual policyholders might reduce rates by $279 a year.
Be aware that those policy rates are averaged for all drivers and vehicles and and are not figured with a vehicle location for a Jeep Grand Cherokee. So the insurer that has the cheapest rates for you may not even be in the top 36 companies in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.
Driving violations and accidents
The best way to get affordable auto insurance prices for a Grand Cherokee is to drive safe and not have accidents or get tickets. The information below demonstrates how traffic citations and at-fault fender-benders can influence annual premium costs for each different age group. The premiums are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data above shows the average cost of car insurance in Fort Wayne per year with no accidents or violations is $1,983. Add in two speeding tickets and the average cost swells to $2,675, an increase of $692 each year. Now include two accidents along with the two speeding tickets and the annual cost of auto insurance for a Jeep Grand Cherokee increases to an average of $5,031. That’s an increase of $3,048, or $254 per month, just for not paying attention while driving!
The example below demonstrates how deductibles can impact insurance costs when researching cheap insurance for a Jeep Grand Cherokee. The data assumes a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
A 50-year-old driver could cut expenses by $276 a year by changing from a $100 deductible up to a $500 deductible, or save $418 by choosing a $1,000 deductible. Young drivers, like the Age 20 chart data, could lower their rates up to $912 every year by selecting a higher deductible. If you do decide to increase your deductibles, it is important to have enough spare savings to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Your cheap Grand Cherokee insurance may actually be overpriced
Indiana auto insurance rates are impacted by many factors that may substantially change the price you have to pay. Simply turning a year older, buying a different vehicle, or getting caught speeding may generate price changes resulting in some companies being more affordable than others. Not only may your situation change, but insurance companies modify rates every year in order to remain profitable. Higher than normal claims can result in a rate increase, while lower claim expenses may cause lower-cost Grand Cherokee insurance rates.
To help illustrate this point, the chart below shows a variety of companies that have the cheapest car insurance in Fort Wayne, IN for a 40-year-old male driver with no violations or accidents, and a high credit rating. Based on his current risk profile, Travelers offers the lowest car insurance rates in Fort Wayne at $640 a year. This is $600 less than the average premium paid by Indiana drivers of $1,240. USAA, Cincinnati Insurance, Erie, and Western Reserve are the rest of the top five cheapest Fort Wayne, IN auto insurance companies.
Now let’s give the driver from the above example a chargeable claim, a lower credit rating, and a traffic ticket or two. Because each insurer has a different formula for filing rates in each state, analyzing rate quotes most likely will result in a substantially altered list of the cheapest car insurance companies in Fort Wayne as shown below.
Auto-Owners now has the cheapest auto insurance in Fort Wayne, IN with The Hartford, Cincinnati Insurance, Nationwide, and Motorists Mutual completing the list. This example proves why consumers need to do a thorough rate comparison to get the most budget-friendly auto insurance quotes for a Jeep Grand Cherokee. Insurance rates are influenced by many factors and change frequently, so the best company the last time you shopped around may now be costing you a lot of money.
Tips to find cheaper auto insurance for a Jeep Grand Cherokee
It’s not impossible to find cheaper rates, and here are a few thrifty ideas that can help drivers buy lower-cost auto insurance.
- Staying accident-free helps keep rates low
- Pay cheaper rates with good credit scores
- Buy a safer vehicle
- Increase your deductibles
- You will pay more if you get tickets or have at-fault accidents
- Drop full coverage on older vehicles
- Look for cheaper rates once a year by shopping around
That last piece of advice is very crucial, as we discussed in this piece. Insurance rates vary greatly, so drivers shouldn’t be reluctant to change to a new company if you find a cheaper price.
Many consumers stick with the same company and that’s fine, but it’s not a great idea if that inflexibility results in costing you a small fortune year after year. In just a couple of minutes you could shop around to find cheaper auto insurance for a Jeep Grand Cherokee in Fort Wayne.
If you have questions and prefer to get some guidance when shopping for cheaper insurance for a Jeep Grand Cherokee, the insurance agencies below can help you determine which coverages are best. To find a Fort Wayne insurance agency closest to you, click the button link following the list.
- Hoch Insurance Inc
209 E Washington Center Rd – Fort Wayne, IN 46825 – (260) 471-7555 - The DeHayes Group
5150 W Jefferson Blvd – Fort Wayne, IN 46804 – (260) 424-5600 - Imel Insurance
2700 Lower Huntington Rd – Fort Wayne, IN 46809 – (260) 747-6186 - Allstate Insurance: Paul Michaylo
2416 Getz Rd – Fort Wayne, IN 46804 – (260) 459-1700 - Stewart Brimner Group
3702 Rupp Dr – Fort Wayne, IN 46815 – (260) 482-6900