Buying the cheapest auto insurance for a Jeep Grand Cherokee depends on a pretty complex algorithm that uses a lot of factors such as the safety rating of your vehicle, if you have prior claims, and any prior driving citations you have received. Drivers pay approximately $932 a year to insure their Grand Cherokee, but that amount is a projection calculated based on a 40-year-old single female driver with both comprehensive and collision coverage and $500 deductibles.
Most likely you are not 40 and maybe not even a female, you might be married instead of single, or maybe you live in a different area as the quoted rates. Even a slight difference in rating criteria or coverage limits can result in a big discrepancy in the price of coverage.
There is no perfect policy for every driver, so the best method for finding cheap auto insurance rates for your Jeep is to compare as many rates as possible.
Your vehicle’s trim level will be a contributing factor to the annual cost of coverage, so the cost to insure a Grand Cherokee Laredo 2WD will be $88 less than the insurance cost for the fancier 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 | $180 | $356 | $390 | $24 | $116 | $1,066 | $89 |
| Grand Cherokee Laredo 4WD | $180 | $356 | $390 | $24 | $116 | $1,066 | $89 |
| Grand Cherokee Limited 2WD | $204 | $420 | $390 | $24 | $116 | $1,154 | $96 |
| Grand Cherokee Limited 4WD | $204 | $420 | $390 | $24 | $116 | $1,154 | $96 |
| Grand Cherokee SRT-8 4WD | $204 | $420 | $390 | $24 | $116 | $1,154 | $96 |
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate quotes do not factor in vehicle location which can influence insurance rates greatly.
Trying to buy affordable auto insurance is not the easiest thing to accomplish, and figuring out which company quotes the most affordable auto insurance rates for a Jeep Grand Cherokee will require more quotes for comparison. Each auto insurance company uses their own calculation to determine premium rates, so first we will examine the auto insurance companies that tend to be cheaper in Omaha.
Best Insurance Companies for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Safeco | $804 |
| 2 | The Hartford | $847 |
| 3 | Auto-Owners | $905 |
| 4 | Allied | $921 |
| 5 | Farmers Mutual of Nebraska | $979 |
| 6 | Nationwide | $1,007 |
| 7 | Farm Bureau Mutual | $1,010 |
| 8 | State Farm | $1,033 |
| 9 | American National | $1,065 |
| 10 | General Casualty | $1,081 |
| 11 | USAA | $1,150 |
| 12 | American Family | $1,258 |
| 13 | MetLife | $1,293 |
| 14 | California Casualty | $1,296 |
| 15 | EMC | $1,314 |
| 16 | Iowa Mutual | $1,334 |
| 17 | GEICO | $1,348 |
| 18 | Progressive | $1,445 |
| 19 | Farmers | $1,634 |
| 20 | North Star | $1,693 |
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Safeco has some of the cheapest car insurance rates in Omaha at around $804 a year. The Hartford, Auto-Owners, Allied, and Farmers Mutual of Nebraska also are some of the more affordable Omaha, NE auto insurance companies.
In the above example, if you have coverage with Farmers Mutual of Nebraska and switched to The Hartford, you may realize an annual premium reduction of in the vicinity of $132. Drivers with Nationwide may save as much as $160 a year, and Farm Bureau Mutual insureds might lower prices by $163 a year.
To find out how much you can save, click here to get a free quote or visit any of the companies below.
Bear in mind that those policy rates are averages across all insureds and vehicles and and are not figured with an exact location for a Jeep Grand Cherokee. So the car insurance company that fits your situation best may not even be in the top 24 companies in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
Difference between liability only and full coverage rates
Saving on auto insurance is important to the majority of vehicle owners, and one easy way to lower the cost of insurance for a Jeep Grand Cherokee is to buy only liability coverage. The diagram below illustrates the comparison of insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $2,236 per year over having just liability coverage. That touches on the question if buying full coverage is worth the money. There is no set guideline to eliminate comp and collision coverage, but there is a general school of thought. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
Impact of violations and accidents on rates
The best way to earn the best auto insurance rates in Omaha for a Grand Cherokee is to pay attention while driving and not have accidents or get tickets. The illustration below shows how speeding tickets and fender-benders can drive up auto insurance costs for different age groups. The premium estimates are based on a single male driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
In the prior example, the average cost of auto insurance per year with no accidents or violations is $1,676. Get two speeding tickets and the average cost swells to $2,213, an increase of $537 each year. Then add in one accident along with the two speeding tickets and the annual cost of auto insurance for a Jeep Grand Cherokee increases to an average of $2,756. That’s an increase of $1,080, or $90 per month, just for not maintaining a clean driving record!
How to find budget-friendly auto insurance for a Jeep Grand Cherokee
Below you’ll find many penny-pinching solutions that can help Nebraska drivers quote cheap car insurance.
- Save money by staying claim-free
- Drive attentively and avoid accidents
- Raise your deductibles
- Pay lower rates with good credit
- Multi-policy discounts save money
- Serious violations like DUI or reckless driving can increase rates dramatically
- Compare prices frequently to find the best deal
That last idea is remarkably necessary, as we emphasized in the prior information. Prices charged by companies in Omaha vary considerably, so drivers shouldn’t hesitate to buy a policy from a new company if a cheaper price is available. Brand loyalty is great, but it’s not recommended if that inflexibility results in costing you major coinage every year. Take a few minutes and compare rates to find cheaper insurance for a Jeep Grand Cherokee.