Buying cheap insurance for a Jeep Grand Cherokee can be really easy, but it relies on lots of different rating factors such as the mileage of your daily commute, where your vehicle is garaged, and any prior driving offenses you have. Florida drivers will pay around $1,014 each year to insure their Grand Cherokee, but that amount is an approximation calculated based on a 50-year-old single male driver with full comprehensive and collision coverage and $1,000 deductibles.
When estimating a car insurance rate like we just did, the issue is that you are not 50 and maybe not even a male, possibly married instead of single, or maybe your Grand Cherokee is old enough that it doesn’t require full coverage. Having what appears to be a very minor change in rating variables can result in a big discrepancy in the cost of insuring your Grand Cherokee.
Each driver’s needs are different, and that demonstrates why the best method for finding affordable rates for your Jeep is to just take the time to compare rates yourself. Quotes are free and easy and you will receive price comparisons from the best auto insurance companies that insure Jeep vehicles in Florida.
Compare Jeep Grand Cherokee Insurance Rates
The specific trim level tends to have a direct effect on the cost of coverage, so the price to insure a Grand Cherokee Laredo 2WD trim level will be $84 less than the cost to insure the more well-appointed Grand Cherokee SRT-8 4WD version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $172 | $352 | $472 | $28 | $142 | $1,166 | $97 |
| Grand Cherokee Laredo 4WD | $172 | $352 | $472 | $28 | $142 | $1,166 | $97 |
| Grand Cherokee Limited 2WD | $194 | $414 | $472 | $28 | $142 | $1,250 | $104 |
| Grand Cherokee Limited 4WD | $194 | $414 | $472 | $28 | $142 | $1,250 | $104 |
| Grand Cherokee SRT-8 4WD | $194 | $414 | $472 | $28 | $142 | $1,250 | $104 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in vehicle location which can increase or decrease premiums significantly.
Trying to buy budget car insurance is easier said than done, and finding out which companies have the lowest-priced car insurance rates for a Jeep Grand Cherokee will take even more rate comparisons. Every insurance company has a proprietary formula to set policy rates, so we need to take a look at the lowest cost car insurance companies in Florida.
Keep in mind that Florida car insurance rates are determined by lots of factors that will increase or decrease the cost of your policy. Improving your credit score, having a teen driver, or getting a driving violation may cause policy rate changes that can make some companies less affordable than competitors.
Best Auto Insurance Prices for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $948 |
| 2 | Electric | $1,694 |
| 3 | Amica | $1,746 |
| 4 | Progressive | $1,847 |
| 5 | Travelers | $1,869 |
| 6 | Mercury | $1,933 |
| 7 | Allied | $1,945 |
| 8 | Esurance | $2,040 |
| 9 | State Farm | $2,047 |
| 10 | Auto-Owners | $2,149 |
| 11 | GEICO | $2,150 |
| 12 | Allstate | $2,411 |
| 13 | 21st Century | $2,445 |
| 14 | Windhaven Insurance | $2,627 |
| 15 | Hanover | $2,934 |
| 16 | MetLife | $2,958 |
| 17 | Safeco | $3,016 |
| 18 | Liberty Mutual | $3,101 |
| 19 | United Automobile | $3,562 |
| 20 | Direct General | $4,022 |
| Quote Your Rates Go | ||
USAA offers some of the cheapest car insurance rates in Miami at around $948 per year. This is $1,500 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers also make the cut as some of the lowest-priced Miami, FL insurance companies.
As shown in the table above, if you are insured with Amica and switched to USAA, you may see a yearly price reduction of in the vicinity of $798. Florida drivers with Progressive could save as much as $899 a year, and Travelers customers might realize rate reductions of up to $921 a year.
To get a fast rate comparison, click here to get quotes or visit any of the low-priced companies below.
Remember that these policy rates are averaged across all drivers and vehicles in Florida and do not take into consideration a vehicle location for a Jeep Grand Cherokee. So the company that is best for you may not even be in the top 21 companies shown above. That is why you need to get auto insurance quotes using your own specific driver information and vehicle.
Cautious Miami drivers save money
One of the best ways to get low car insurance premiums in Miami for a Grand Cherokee is to drive carefully and avoid accidents and violations. The chart below demonstrates how speeding tickets and at-fault collisions can raise annual premium costs for each age group. The premiums assume a married male driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the prior example, the average cost of auto insurance in Florida per year with no violations or accidents is $2,409. Get written up for two speeding tickets and the average cost rises to $3,337, an increase of $928 each year. Then add two accidents along with the two speeding tickets and the annual cost of car insurance for a Jeep Grand Cherokee goes up to an average of $6,621. That’s an increase of $4,212, or $351 per month, just for not driving safely!
Low rates today, overpriced tomorrow
Miami car insurance rates are impacted by many factors which can substantially decrease or increase the cost of having a policy. Improving your credit rating, filing a claim, or getting a couple of tickets can trigger rate changes that may make certain companies more affordable than competitors. Additionally, auto insurance companies file new Florida auto insurance rates as often as every three months in order to maintain liquidity for claims. Heavy losses may cause higher rates, while long-term profits can result in cheaper Grand Cherokee insurance rates.
To help illustrate this point, the chart below shows the company with the cheapest car insurance in Miami, FL for a 35-year-old male driver with a good driving record, no prior claims, and a good credit rating. When comparing rates based on his current risk factors, USAA quotes the most affordable car insurance rates in Miami at $1,775 a year. This is $673 less than the average price paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied are the rest of the cheapest Miami, FL auto insurance companies.
Now let’s give the driver from above a chargeable accident, a lower credit score, and a blemish on his driving record. Due to the fact that each insurance company has their own unique process to set policy rates, comparing insurance quotes may now show a different set of the cheapest Miami car insurance companies as shown below.
USAA now has the best insurance rate in Miami, FL with Mercury, Esurance, State Farm, and GEICO also being competitive. This demonstrates why it is critical to perform an extensive rate comparison when trying to get the best insurance rates for a Jeep Grand Cherokee. Car insurance prices are calculated by many risk factors and can change substantially, so the cheapest option the last time you shopped around may now cost much more than other companies.
How to find budget-friendly auto insurance for a Jeep Grand Cherokee
Below you’ll find some of the better money-saving suggestions that can help Miami drivers quote lower-cost coverage.
- Being accident-free can lower rates significantly
- Insure your home and auto with the same company
- Claim-free drivers earn discounts
- Save money by obeying traffic laws and keeping a clean driving record
- Vehicles with good safety ratings have lower liability rates
- Shop your coverage around for the best deal
The last tip in the list is notably significant, as we hit on in this write-up. Prices charged by auto insurers can be adjusted at any time, so don’t be hesitant to buy a policy from a new company if a more affordable price is available.
Loyalty to a specific company is fine, but is isn’t recommended if that loyalty ends up costing thousands of dollars over the life of your policy. Take a few minutes and shop around and find cheaper auto insurance for a Jeep Grand Cherokee in Miami.