Buying affordable auto insurance for a Jeep Grand Cherokee relies on a very complex rating algorithm that uses multiple factors such as your age, if you are a frequent claim filer, and violations on your driving record. Drivers in Maryland pay around $1,179 per year to insure their Grand Cherokee, but that cost is an approximation based on a 40-year-old married male driver with full physical damage coverage and $250 deductibles.
There’s a high likelihood you may not be 40 years old (or even male), possibly single instead of married, or maybe you have a teenager that needs to be on your policy. Even a minor change in rating criteria or coverage limits can make a large difference in the cost of a policy.
The different assumptions illustrate why the best method for finding the cheapest coverage for your Jeep is to do your own rate comparisons.
Your vehicle’s trim level will most likely have an effect on the insurance rate, so the price you will be charged to insure a Grand Cherokee Laredo 2WD trim level will cost $124 less than the cost to insure the higher-priced Grand Cherokee SRT-8 4WD model, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$286||$486||$418||$24||$126||$1,340||$112|
|Grand Cherokee Laredo 4WD||$286||$486||$418||$24||$126||$1,340||$112|
|Grand Cherokee Limited 2WD||$322||$574||$418||$24||$126||$1,464||$122|
|Grand Cherokee Limited 4WD||$322||$574||$418||$24||$126||$1,464||$122|
|Grand Cherokee SRT-8 4WD||$322||$574||$418||$24||$126||$1,464||$122|
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Information does not factor in specific location which can decrease or increase premiums considerably.
Finding reliable, cost effective auto insurance is not the easiest thing to accomplish, and deciding which company has the cheapest insurance rates for a Jeep Grand Cherokee requires even more shopping around. Every insurance company uses their own formula to set policy rates, so first let’s look at the rankings for the insurance companies with the overall best prices in Maryland.
Find the Cheapest Auto Insurance for Your Jeep
|Rank||Company||Cost Per Year|
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USAA may have some of the lowest car insurance rates in Baltimore at around $930 a year. Liberty Mutual, Penn National, Erie, and State Auto are also some of the best Baltimore, MD auto insurance companies.
As depicted above, if you currently have coverage with Penn National and switched to USAA, you might achieve a yearly savings of approximately $163. Policyholders with Erie could save as much as $219 a year, and State Auto insureds might cut rates by $284 a year.
If you want to see how much you could save, click here to begin a quote or click through to the companies below.
These policy prices are averaged for all types of insureds and vehicles and do not factor in a vehicle location for a Jeep Grand Cherokee. So the auto insurance company that fits you best may not even be in the top 16 companies in the list above. That helps illustrate why you need to compare as many prices as possible using your own driver information and specific vehicle type.
Get discounts on Baltimore car insurance rates
Insurers that offer coverage for a Jeep Grand Cherokee may also give you premium discounts that may potentially lower prices by as much as 40% or more if you qualify for them. Large insurance companies and a summarized list of policyholder discounts include:
- The Hartford discounts include anti-theft, vehicle fuel type, defensive driver, bundle, good student, air bag, and driver training.
- American Family may offer discounts for good student, defensive driver, Steer into Savings, early bird, mySafetyValet, and multi-vehicle.
- Progressive has savings for multi-policy, continuous coverage, homeowner, online quote discount, good student, and online signing.
- Travelers policyholders can earn discounts including early quote, driver training, new car, student away at school, and payment discounts.
- Farmers Insurance offers discounts including switch companies, distant student, mature driver, bundle discounts, pay in full, youthful driver, and alternative fuel.
- USAA has discounts for defensive driver, loyalty savings, new vehicle, family discount, multi-policy, driver training, and vehicle storage.
- Liberty Mutual may have discounts that include exclusive group savings, newly retired, good student, new vehicle discount, hybrid vehicle, and new move discount.
The information below shows the difference between insurance premiums with and without discounts being applied to the rates. The prices are based on a male driver, no violations or claims, Maryland state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with claim-free, homeowner, marriage, safe-driver, anti-theft, and multiple vehicle discounts applied. When taking advantage of discounts, theaverage yearly reduction on insurance for a Jeep Grand Cherokee is 28% or $562.
The importance of shopping around for Grand Cherokee insurance
Baltimore insurance rates are based on many factors which can substantially change the cost of having a policy. Getting older, getting married, or getting a speeding ticket may generate price changes that can now make some companies much cheaper than others. Not only may things change on your end, but car insurance companies amend premium rates as often as every quarter to adjust for gains or losses. Heavier than normal losses may result in rate increases, while profitable underwriting can result in more affordable Grand Cherokee insurance rates.
To help illustrate this point, the bar chart below shows rates for the cheapest car insurance in Baltimore, MD for a 30-year-old male driver with no prior claims, no tickets, and a decent credit rating. When quoting prices based on his current situation, USAA may offer the most affordable car insurance rates in Baltimore at $1,773 each year. This is $214 more than the average price paid by Maryland drivers of $1,559. Liberty Mutual, Erie, Penn National, and State Auto are also on the list of the best Baltimore, MD auto insurance companies.
Let’s now give the driver from the above example an at-fault accident, less-than-perfect credit, and a speeding citation. Because each insurer uses their own method to set their prices, comparing rates could now result in a significantly different list of affordable Baltimore car insurance companies as shown below.
Nationwide now has the best price in Baltimore with MetLife, GEICO, Travelers, and Liberty Mutual now being in the top five. This illustrates why Maryland drivers need to take the time to shop around to find the most budget-friendly auto insurance quotes for a Jeep Grand Cherokee. Prices are calculated by many risk factors and change dramatically, so the best company the last time you shopped your coverage around may now be priced much higher than other options.
How to find economical auto insurance for a Jeep Grand Cherokee
The list below shows many penny-pinching ideas that can help drivers get lower-cost car insurance.
- Ensure your driving record is clean
- Improve your credit rating
- Avoid having at-fault accidents
- Higher deductibles save money
- Vehicles with good safety ratings have lower liability rates
- Comparison shop at least once a year
That final tip is particularly critical, as we noted in the prior article. Prices can be adjusted at any time, so don’t be unwilling to switch to a new company if you can save money.
Staying with the same car insurance company is fine, but it isn’t a good idea if that faithfulness ends up costing you a small fortune year after year. If you have a few minutes, shop around to find cheaper car insurance for a Jeep Grand Cherokee in Baltimore.
If you aren’t sure which coverage you need and prefer to get some guidance when comparing insurance rates for a Grand Cherokee, the agents listed below can answer your questions and help you decide which is the best policy.
To find an auto insurance agency nearest to you, click the button link following the list.
- Austen’s Insurance Inc
3407 Eastern Blvd – Baltimore, MD 21220 – (410) 686-4700
- Cyndi Kuhn – State Farm Insurance Agent
6100 Eastern Ave – Baltimore, MD 21224 – (410) 633-5000
- Farmers Insurance – Charles Connolly
6719 York Rd – Baltimore, MD 21212 – (443) 863-7733
- Nationwide Insurance: Luray and Associates Inc
1726 Reisterstown Rd #220 – Baltimore, MD 21208 – (410) 602-2636
- Frank Insley – State Farm Insurance Agent
9652 Belair Rd – Baltimore, MD 21236 – (410) 256-5600