Jeeps are designed to handle rugged terrain and are a dream car for many adventurous drivers. Jeep also offers a variety of SUVs and trucks, from economical to luxurious for every budget. But keep in mind that the cost of a Jeep does not end with its MSRP – including the cost of car insurance will also be important.
The national average cost of car insurance is $ 1,674 per year for full coverage. The make and model of the jeep you choose, along with the chosen insurance company and insurance options, also affect your final premium amount. Understanding how each of these factors affects the insurance of a jeep can help determine the true cost of ownership and determine which model is most meaningful to your financial situation.
Models included in this review:
- Jeep Grand Cherokee
- Jeep Wrangler
How much does it cost to insure a Jeep?
While $ 1,674 per year is the average cost of insurance in the United States, based on current rates from Quadrant Information Services, there are a number of factors that affect the total cost. Prices vary from one insurer to another. Insurance providers use several considerations to evaluate the risk level of the vehicle and the driver, which ultimately affects your final interest rate. Considerations include:
- Crash rate statistics per make / model – Both the Jeep Grand Cherokee and the Jeep Wrangler receive mostly “Good” safety ratings from the Insurance Institute for Highway Safety (IIHS). Security ratings are usually evaluated by insurance providers to assess the overall risk.
- Price of parts – With Jeep vehicles manufactured domestically compared to abroad, the price of parts can be cheaper compared to foreign vehicles. Insurers take this into account when assessing how much it would cost for spare parts.
- Safety devices – Improved safety features can help lower the overall cost of car insurance for jeeps. The ProTech I system is standard on all Jeep Grand Cherokee models and includes blind spot warnings, rear cross-country monitoring and a rear-view camera. It is also possible to add blind spot monitoring, rear crossing detection and parking assistance to make driving even safer.
Car insurance for a jeep: by model
Car insurance costs vary for each person, depending on their unique circumstances and driving history. But the brand and model they insure has a significant impact on the overall cost. Understanding this impact can help a driver make a more informed decision regarding vehicle ownership and the choice of insurance company.
Car insurance for Jeep Grand Cherokee
The Jeep Grand Cherokee can pull up to 7,200 pounds and is a workhorse SUV with a range of safety features to help detect obstacles around your vehicle such as blind spot monitoring and rear crossing detection. These safety features and the Jeep Grand Cherokee’s positive crash rate statistics can help keep costs lower for this model.
|Jeep Grand Cherokee car insurance||Average annual premium|
|Minimum coverage||516 USD|
|Full coverage||1 531 USD|
Car insurance for Jeep Wrangler
4-door Jeep Wrangler mostly gets “Good” safety ratings from IIHS, which can contribute to its lower insurance cost. Buyers can also add a forward collision warning, adaptive cruise control and automatic high beam headlights to make driving safer.
|Jeep Wrangler car insurance||Average annual premium|
|Minimum coverage||517 USD|
|Full coverage||$ 1 358|
Cheapest car insurance companies for jeeps
The table below shows how prices can vary for the same make and model between different insurers. USAA and Erie offer some of the lowest prices for both models on our list, while State Farm comes in as the highest average price. Keep in mind that your prices may be higher or lower, depending on where you live, driving history and claim history.
Average annual premium for full coverage per model
|Car insurance company||Jeep Grand Cherokee||Jeep Wrangler|
|Erie||$ 1 255||$ 1 124|
|Geico||$ 1 329||$ 1 125|
|State farm||$ 1 348||$ 1,283|
|USAA||1 201 USD||1,094 USD|
Other car insurance coverage for a Jeep
The vehicle make and model and your chosen insurance provider are important contributors to the total cost of car insurance for jeeps. The coverage options you choose also affect premiums, as you can choose more coverage to create a more robust policy for you and your jeep. Each state has its own minimum insurance requirements to protect other drivers while driving. However, most financial experts agree that you should buy more than the absolute minimum required to get better financial protection.
An alternative is to consider full coverage instead of only the minimum coverage required in your state. Full coverage adds comprehensive and collision protection to your insurance, which can cover repair costs for your Jeep due to a covered accident or other event, such as theft. Some other coverage options to consider to supplement your car insurance include:
- Gap insurance: If you are buying or financing a new Jeep, this coverage can be beneficial. It would cover the “gap” between the amount you owe on the vehicle and its present value, which is determined by your car insurance company at the time of claim. The difference can be significant if you add up your vehicle and still owe a large amount on the loan compared to the depreciated market value of your vehicle.
- New car replacement protection: If your new Jeep is totally in a covered accident, this coverage would allow you to get a value closer to the market value of your vehicle without depreciation. Your insurance company may have specific requirements before adding this coverage to your insurance, such as the age and current mileage of your vehicle, as well as requiring comprehensive and collision protection on your insurance.
- Uninsured and underinsured motorist coverage: If you are involved in an accident and the other guilty party does not have insurance or if their insurance is not enough to cover your damages, this coverage would intervene to help cover your losses up to the insurance limits.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC. The quoted prices are based on a 40-year-old male and female driver with a clean driving license, good credit and the following full coverage limits:
- $ 100,000 personal injury liability per person
- $ 300,000 liability for personal injury in an accident
- $ 50,000 in damages per accident
- $ 100,000 uninsured motorist bodily injury per person
- $ 300,000 uninsured motorist bodily injury per accident
- $ 500 collision deductible
- $ 500 comprehensive deductible
To determine the minimum coverage limits, Bankrate used the minimum coverage that meets each state’s requirements. Our basic profile drivers own a 2019 Jeep of the following model types, commute five days a week and drive 12 000 miles annually:
- Jeep Grand Cherokee
- Jeep Wrangler
These are sampling frequencies and should only be used for comparative purposes.