Who Has Cheap Insurance for a Jeep Grand Cherokee in Alaska?

Our content editors always give us grief that when writing about car insurance, the words “affordable” or “cheap” really shouldn’t be used anywhere in the article to describe car insurance prices. Excuse the oxymoron, but cheap car insurance for a Jeep Grand Cherokee can be hard, if not impossible, to find. Don’t let that get you down, though, because we will tell you how you can still get insurance that is cheaper than your current policy.

Your chances of buying the cheapest coverage for a Jeep Grand Cherokee in Alaska is contingent on a complex rating formula that takes into consideration things like your age, whether you have good credit, and any prior driving citations you have received. Drivers will pay on average $950 each year to buy insurance for a Jeep Grand Cherokee, but that price is an approximation using cost data for a 40-year-old single female driver with full physical damage coverage and $250 physical damage deductibles.

It’s more than likely that you are not a 40-year-old female, married instead of single, and there is a good chance that other rated drivers impact the rate. Even a very minor difference in rating criteria or coverage limits can result in a big discrepancy in policy price.

Every policy is rated specifically for the driver, so your best shot at finding cheap auto insurance rates for your Jeep is to put in the effort and compare rates.

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The specific model of Grand Cherokee can impact the cost of insurance, so the rate you pay to insure a Grand Cherokee Laredo 2WD model will cost $98 less than the cost to insure the more expensive Grand Cherokee SRT-8 4WD model, as shown below.

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Alaska minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Information does not factor in specific zip code location which can alter insurance rates substantially.

Trying to find affordable insurance is challenging, and finding out which insurers offer the best auto insurance rates for a Jeep Grand Cherokee will require even more rate comparisons. Each insurer uses different criteria for setting prices, so we’ll go over the auto insurance companies that tend to be cheaper in Alaska.

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Umialik offers some of the cheapest car insurance rates in Alaska at around $874 annually. USAA, State Farm, Progressive, and GEICO are also some of the cheaper Alaska auto insurance companies.

As the example above demonstrates, if you currently have a policy with GEICO and switched to USAA, you might realize a yearly savings of around $1,005. Drivers with Allstate could save as much as $1,370 a year, and Safeco insureds might realize rate reductions of up to $1,494 a year.

To see if your current coverage is too expensive, click here to start a quote or quote rates from the companies below.

Bear in mind that those premiums are averaged across all drivers and vehicles in Alaska and do not factor in a specific rate value for a Jeep Grand Cherokee. So the car insurance company that has the cheapest rates for you may not even be featured in the rate chart shown above. That underscores the importance of why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.

Rate difference between full and liability-only coverage

Finding cheap insurance for a Jeep Grand Cherokee in Alaska is the goal of most vehicle owners, and one great way to lower the cost of insurance is to only buy liability insurance. The illustration below illustrates the comparison of car insurance costs with full phyical damage coverage and with liability coverage only. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, single status, and no additional discounts are factored in.

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As an average for all age groups, full coverage on your policy costs $1,699 per year more than just buying liability insurance. That is a large expense and it proposes the question if buying full coverage is a good investment. There is no set guideline that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

There are some cases where eliminating full coverage is not recommended. If you haven’t satisfied your loan, you have to keep full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

How to find the cheapest auto insurance for a Jeep Grand Cherokee

The list below summarizes some of the recommended penny-pinching solutions that can help drivers find the cheapest car insurance.

• Vehicles with safetly features generally cost less to insure
• Earn a discount by not filing claims
• Having at-fault accidents will increase rates
• Violations like speeding or DUI increase rates
• Increase your credit rating
• Compare rates regularly to ensure the best deal

That last piece of advice is notably necessary, as was noted in this article. Auto insurance rates vary greatly, so don’t be unwilling to change to a new company if a cheaper rate is available.

Staying with the same car insurance company is fine, but it’s not recommended if it’s costing you money that could be going to better use. Take a couple minutes and compare prices and find cheaper car insurance for a Jeep Grand Cherokee.