Buying economical coverage for a Jeep Grand Cherokee in Virginia doesn’t take a lot of effort, but it hinges on a whole bunch of rating criteria such as whether you are married or single, the likelihood of vehicle theft, and your choice of deductibles. Drivers pay on average $581 a year for Grand Cherokee insurance, but that cost is a valuation based on a 40-year-old married male driver with both comprehensive and collision coverage and $1,000 deductibles.
Odds are that you are not 40 and maybe not even a male, single instead of married, or maybe you live in a different area as the quoted rates. Having the smallest difference in rating criteria or coverage limits could result in a significant change in how much insurance for a Jeep Grand Cherokee costs.
Everyone has unique insurance needs, and this illustrates why the way we recommend to find the cheapest insurance price for your Jeep is to just compare rates yourself.
Your vehicle’s trim level can impact the yearly cost, so the cost to insure a Grand Cherokee Laredo 2WD model will be $48 cheaper than the insurance cost for the higher-end Grand Cherokee SRT-8 4WD model, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$112||$194||$266||$16||$80||$668||$56|
|Grand Cherokee Laredo 4WD||$112||$194||$266||$16||$80||$668||$56|
|Grand Cherokee Limited 2WD||$126||$228||$266||$16||$80||$716||$60|
|Grand Cherokee Limited 4WD||$126||$228||$266||$16||$80||$716||$60|
|Grand Cherokee SRT-8 4WD||$126||$228||$266||$16||$80||$716||$60|
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Prices do not factor in specific garaging location which can alter coverage rates considerably.
Finding dependable, low-cost auto insurance is difficult, and determining which companies quote the lowest-priced insurance rates for a Jeep Grand Cherokee requires even more work. Each insurer has their own unique process to determine premium rates, so let’s take a look at the insurance companies with the most affordable rates in Virginia Beach, VA.
It’s a good idea to know that Virginia Beach, VA insurance rates are impacted by many factors which can substantially decrease or increase the price of coverage. This is why Virginia Beach drivers need to compare rates to get the cheapest auto insurance rates for a Jeep Grand Cherokee. Rates are calculated by many things and can change substantially, so the cheapest option the last time you shopped around may now not even be in the top five.
Compare Cheap Insurance Quotes for Your Jeep
|Rank||Company||Cost Per Year|
|9||Virginia Farm Bureau||$810|
|16||National Grange Mutual||$1,104|
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Travelers may have some of the lowest car insurance rates in Virginia Beach at around $653 each year. USAA, Penn National, Cincinnati Insurance, and Utica National also are some of the most economical Virginia Beach, VA car insurance companies.
As the example above demonstrates, if you buy coverage from USAA and switched to Travelers, you could see annual savings of approximately $35. Customers with Penn National could save as much as $65 a year, and Cincinnati Insurance policyholders might reduce rates by $88 a year.
Be aware that those estimates are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific zip code for a Jeep Grand Cherokee. So the auto insurance company that can offer you the lowest price may not even be in the top 30 companies shown above. That illustrates why you need to compare rates from as many companies as possible using your own individual information.
Bad driving habits will cost you more
In a perfect world, the best way to earn the most affordable insurance prices for a Grand Cherokee is to drive attentively and avoid at-fault accidents and violations. The example below highlights how traffic violations and fender-benders impact car insurance costs for different age categories. The rates are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.
The chart shows that the average cost of a car insurance policy in Virginia Beach per year with no violations or accidents is $1,480. Add in two speeding tickets and the average cost swells to $1,983, an increase of $503 each year. Now get two accidents along with the two speeding tickets and the annual cost of insurance for a Jeep Grand Cherokee jumps again to an average of $3,869. That’s an increase of $2,389, or $199 per month, just for not being a responsible driver!
Why you should be comparing rates
Virginia Beach, VA insurance rates are impacted by many factors that can increase the price of your policy. Getting older, moving to a new city, or having an at-fault accident may cause policy rate changes that can cause some rates to be cheaper in comparison to the competition. Not only may things change on your end, but car insurance companies file new Virginia car insurance rates as needed in order to be able to pay unexpected claims. A period of higher than normal claims can cause additional price hikes, while a profitable period may produce cheaper Grand Cherokee insurance rates.
To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Virginia Beach, VA for a 45-year-old female driver with a good driving record, no prior claims, and solid credit. If we estimate rates based on her current risk profile, Travelers quotes the best car insurance rates in Virginia Beach at $813 a year. This is $345 less than the average policy premium paid by Virginia drivers of $1,158. USAA, Penn National, Cincinnati Insurance, and Utica National are also on the list of the top five cheapest Virginia Beach, VA auto insurance companies.
In this example, we will give the driver from the first set of rates a claim surcharge, a lower credit rating, and a speeding citation. Due to the fact that each insurance company uses their own method for setting prices, analyzing rates could result in a different list of cheap Virginia Beach auto insurance companies as shown below.
Erie now has the cheapest auto insurance in Virginia Beach with Virginia Farm Bureau, The Hartford, Donegal Mutual, and USAA now being in the top five. This example proves why consumers need to compare as many rates as possible when trying to find the most economical car insurance quotes for a Jeep Grand Cherokee.
Car insurance prices are calculated by many different factors and can decrease or increase without notice, so the best price three years ago may now be quite expensive.
How to find the cheapest car insurance for a Jeep Grand Cherokee
It is possible to find better rates, and here are a few money-saving ideas that can help you get low-cost car insurance.
- Tickets and violations raise rates
- Increase your physical damage deductibles
- Clean up your credit rating
- Buy a vehicle with excellent safety ratings
- Prevent rate increases by staying accident-free
- On older vehicles, drop full coverage
- Compare rates once a year for cheaper prices
That last idea is incredibly critical, as we pointed out in this write-up. Coverage prices in Virginia Beach can change considerably based on profitability, so don’t be tentative to buy from a new company if a lower-cost policy is available. Sticking with a specific company is fine, but it isn’t a good idea if it’s costing you money that could be going to better use. Now is a great time to compare rates to find cheaper insurance for a Jeep Grand Cherokee.
If you aren’t sure which coverage you need and prefer to have some professional guidance when buying car insurance for a Jeep Grand Cherokee, the agents listed below can probably help you decide which car insurance policy is best. To find an auto insurance agency using an interactive map, click the button at the bottom of the list or click here to compare price quotes.
Bunn Insurance Agency Inc
1248 Culver Ln – Virginia Beach, VA 23454 – (757) 426-2664
Mike McDonald – State Farm Insurance Agent
2122 General Booth Blvd #102 – Virginia Beach, VA 23454 – (757) 721-3300
3213 Virginia Beach Blvd – Virginia Beach, VA 23452 – (757) 340-0028