Cheapest Jeep Liberty Insurance in Baltimore

Insurance quote for Jeep Liberty in BaltimoreThe best way to find discount Jeep Liberty insurance in Baltimore is to begin comparing prices regularly from companies in Maryland. Drivers can shop around by following these steps.

Step 1: Take a few minutes and learn about what coverages are included in your policy and the changes you can make to prevent high rates. Many risk factors that cause high rates like traffic violations and a lousy credit rating can be rectified by making lifestyle changes or driving safer.

Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Allstate, while independent agents can give you price quotes from multiple sources.

Step 3: Compare the new rate quotes to your existing rates and see if there is a cheaper rate. If you find a better price and change companies, verify that coverage does not lapse between policies.

Step 4: Provide proper notification to your current company to cancel the current policy and submit any necessary down payment along with the completed application to the new company. Once the paperwork is finalized, safely store the certificate verifying coverage in an accessible location in your vehicle.

The key thing to know about shopping around is to try to use the same deductibles and limits on each price quote and and to get rate quotes from as many companies as possible. This enables an accurate price comparison and the most accurate and complete price analysis.

A recent car insurance study revealed that the vast majority of consumers have purchased from the same company for a minimum of four years, and virtually 40% of consumers have never compared rates with other companies. Drivers in Maryland could save themselves up to 55% a year by just shopping around, but they don’t believe the rate savings if they just switched companies.

Jeep Liberty insurance statistics and information

The coverage table below highlights a range of insurance costs for Jeep Liberty models. Learning as much as possible about how insurance premiums are calculated can assist in making smart choices when comparing insurance rates.

Jeep Liberty Insurance Rates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $172 $290 $382 $22 $114 $980 $82
Liberty Limited 2WD $196 $290 $382 $22 $114 $1,004 $84
Liberty Renegade 4WD $196 $290 $382 $22 $114 $1,004 $84
Liberty Sport 4WD $196 $290 $382 $22 $114 $1,004 $84
Liberty Limited 4WD $196 $354 $382 $22 $114 $1,068 $89
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Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in specific zip code location which can change insurance rates considerably.

Analysis of deductible levels

One common question asked by Baltimore drivers is where should you set your physical damage deductibles. The figures shown below summarize the premium difference between high and low deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Jeep Liberty insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $304 $518 $406 $24 $122 $1,399 $117
Liberty Limited 2WD $350 $518 $406 $24 $122 $1,445 $120
Liberty Renegade 4WD $350 $518 $406 $24 $122 $1,445 $120
Liberty Sport 4WD $350 $518 $406 $24 $122 $1,445 $120
Liberty Limited 4WD $350 $632 $406 $24 $122 $1,559 $130
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Jeep Liberty insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Liberty Sport 2WD $168 $274 $406 $24 $122 $994 $83
Liberty Limited 2WD $194 $274 $406 $24 $122 $1,020 $85
Liberty Renegade 4WD $194 $274 $406 $24 $122 $1,020 $85
Liberty Sport 4WD $194 $274 $406 $24 $122 $1,020 $85
Liberty Limited 4WD $194 $332 $406 $24 $122 $1,078 $90
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Price information does not factor in vehicle garaging location which can influence insurance rates noticeably.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $35 more each month or $420 for a full year across all Jeep Liberty models than choosing the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 26 months between claim filings, you would probably be better off by going with a higher deductible.

Do you need full coverage?

The information below compares Jeep Liberty insurance rates with full coverage and liability only. The data is based on a clean driving record, no claims, $250 deductibles, single status, and no discounts are factored in.

When to stop buying comprehensive and collision coverage

There is no specific rule that is best for determining when to drop comp and collision coverage, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.

For example, let’s pretend your Jeep Liberty replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $2,000 after paying your deductible. If it’s costing in excess of $200 a year for physical damage coverage, then you may need to consider dropping full coverage.

There are some conditions where dropping physical damage coverage is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage in place.

Save Money with These Tips

Many different elements are used when you get a price on insurance. Some are pretty understandable like your driving record, although some other factors are less apparent like your vehicle usage or how safe your car is.

One last thing about your coverage

In this article, we presented some good ideas how to get a better price on Jeep Liberty insurance in Baltimore. The most important thing to understand is the more providers you compare, the better likelihood of getting affordable Jeep Liberty insurance quotes. You may even discover the lowest premium rates come from a company that doesn’t do a lot of advertising. Smaller companies may have significantly lower prices on certain market segments than their larger competitors like State Farm or Progressive.

Cheaper Jeep Liberty insurance in Baltimore can be sourced both online and from local insurance agents, so you need to quote Baltimore car insurance with both so you have a total pricing picture. Some companies may not have online quoting and these regional insurance providers provide coverage only through independent agencies.

When searching for the cheapest Jeep Liberty rate quotes, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where an insured cut liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. Your focus should be to buy enough coverage at the lowest possible cost, not the least amount of coverage.

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