The vehicle model driven is a large factor that determines whether or not you find affordable coverage for a Jeep Grand Cherokee. Vehicles with lower acceleration and performance, good safety features, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models. The table below outlines coverage costs for a handful of the more affordable vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $2,228 |
| Ford Escape Limited 2WD | $2,234 |
| Dodge Grand Caravan Hero | $2,355 |
| Honda Accord EX-L 4-Dr Sedan | $2,368 |
| Toyota Prius | $2,419 |
| Ford Focus SEL 4-Dr Sedan | $2,438 |
| Toyota Tacoma 2WD | $2,524 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $2,591 |
| Ford F-150 STX Super Cab 4WD | $2,596 |
| Ford Edge SE AWD | $2,597 |
| Hyundai Sonata SE 4-Dr Sedan | $2,651 |
| Volkswagen Jetta LE 4-Dr Sedan | $2,657 |
| Chevrolet Malibu LS | $2,665 |
| Toyota RAV4 Limited 2WD | $2,657 |
| Jeep Grand Cherokee Laredo 4WD | $2,663 |
| Honda Civic LX 4-Dr Sedan | $2,667 |
| Toyota Camry Hybrid | $2,696 |
| Ford Explorer Limited 4WD | $2,715 |
| Chevrolet Impala LTZ | $2,718 |
| Toyota Corolla S | $2,726 |
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Prices do not factor in specific zip code location which can affect coverage rates noticeably.
Looking at the rates, cars like the Honda CR-V, Ford Escape, Dodge Grand Caravan, Honda Accord, and Toyota Prius are most likely going to be a few of the most budget-friendly vehicles to insure for a Grand Cherokee.
For a Grand Cherokee, one of the big considerations that aid in calculating the amount you pay each year for auto insurance is where you keep your vehicle. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas that tend to be more rural get the luxury of paying less.
The illustration below rates the most expensive cities in Illinois for a Jeep Grand Cherokee to purchase a policy in. Chicago is ranked #1 having an annual price of $1,544 for the average insurance policy, which is approximately $129 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Chicago | $1,544 |
| 2 | Cicero | $1,541 |
| 3 | Berwyn | $1,464 |
| 4 | Skokie | $1,447 |
| 5 | Des Plaines | $1,248 |
| 6 | Oak Lawn | $1,243 |
| 7 | Evanston | $1,238 |
| 8 | Mount Prospect | $1,205 |
| 9 | Waukegan | $1,176 |
| 10 | Orland Park | $1,173 |
| 11 | Joliet | $1,145 |
| 12 | Bolingbrook | $1,128 |
| 13 | Schaumburg | $1,123 |
| 14 | Tinley Park | $1,120 |
| 15 | Rockford | $1,119 |
| 16 | Palatine | $1,109 |
| 17 | Arlington Heights | $1,106 |
| 18 | Elgin | $1,105 |
| 19 | Peoria | $1,060 |
| 20 | Decatur | $1,044 |
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Table data uses approximated as the specific garaging location can change insurance rates substantially.
Buying cost effective insurance is not the easiest thing to accomplish, and figuring out which company has the cheapest insurance rates for a Jeep Grand Cherokee may require even more shopping around.
Every car insurance company uses a slightly different approach to set their prices, so we'll take a look at the insurance companies with the most affordable rates in Chicago, IL. It's important to understand that Chicago, IL insurance rates are calculated based on many things which can significantly increase or decrease the cost of having a policy. This price variability is why it is important to spend some time comparing rates to find the most budget-friendly car insurance quotes for a Jeep Grand Cherokee. Insurance rates can be altered by many things and change frequently, so the most affordable company the last time you checked may now cost much more than other companies.
Cheapest Insurance Rates for Your Jeep
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $746 |
| 2 | Rockford Mutual | $838 |
| 3 | Titan | $860 |
| 4 | Erie | $887 |
| 5 | Cincinnati Insurance | $915 |
| 6 | Travelers | $952 |
| 7 | SECURA | $965 |
| 8 | Utica National | $984 |
| 9 | USAA | $988 |
| 10 | State Farm | $1,012 |
| 11 | Auto-Owners | $1,022 |
| 12 | Safeco | $1,095 |
| 13 | GEICO | $1,107 |
| 14 | Amica | $1,109 |
| 15 | Farmers | $1,146 |
| 16 | California Casualty | $1,161 |
| 17 | Progressive | $1,206 |
| 18 | State Auto | $1,223 |
| 19 | Esurance | $1,233 |
| 20 | MetLife | $1,244 |
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The Hartford quotes some of the lowest car insurance rates in Chicago at around $746 a year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also are some of the more affordable Chicago, IL auto insurance companies.
As the rates illustrate above, if you are a customer of Cincinnati Insurance and switched to Rockford Mutual, you may see an annual premium reduction of around $77. Illinois drivers with Travelers could save as much as $114 a year, and SECURA insureds might reduce rates by $127 a year.
Understand that those estimates are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for a Jeep Grand Cherokee. So the auto insurance company that can offer you the best rate may not even be in the top 36 companies shown above. That illustrates why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
The information below illustrates how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for a Jeep Grand Cherokee. The premiums assume a single male driver, full coverage, and no discounts are applied.
In the chart above, a 40-year-old driver could lower their policy premium by $214 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $324 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could possibly save $702 every year by using higher deductibles when buying full coverage.
When raising deductibles, it is a good idea to have emergency funds available to allow you to cover the extra out-of-pocket expense associated with higher deductibles.
Illinois insurance company ratings
Insuring your vehicle with a good quality insurer is hard considering how many different companies sell coverage in Illinois. The rank data below may help you choose which auto insurers to look at when shopping insurance around for a Jeep Grand Cherokee. These rankings are only comprised of companies with a nationwide focus, so companies that may only write in Illinois are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Titan Insurance | 89 | 91 | 83 | 86% | A+ | 89.3 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| Erie Insurance | 92 | 90 | 82 | 88% | A+ | 88.5 |
| Mercury Insurance | 87 | 95 | 87 | 84% | A+ | 88.3 |
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Data Source: Insure.com Best Car Insurance Companies
How to find economical car insurance for a Jeep Grand Cherokee
The list below summarizes a few money-saving ideas that can help you quote lower-cost coverage.
- Safe vehicles cost less to insure
- Avoid accidents and claims
- Drivers with good credit ratings often pay less
- Violations and traffic tickets increase rates
- If possible, pay for small claims out-of-pocket
- Compare rate quotes frequently
That last piece of advice is particularly important, as we stressed in this article. Coverage rates in Chicago adjust frequently, so don't be unwilling to change to a new company if a more affordable rate is found.
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 few minutes you could compare rates and find cheaper car insurance for a Jeep Grand Cherokee.