How Much is Insurance for a Jeep Grand Cherokee in Florida?

When we talk about car insurance, the word cheap really shouldn’t be used anywhere in the article to describe car insurance rates. Despite the oxymoron, cheap auto insurance for a Jeep Grand Cherokee is just plain contradictory. Don’t let that discourage you, because we are going to show you how you can find and buy car insurance that you can afford.

Your odds of finding cheaper car insurance for a Jeep Grand Cherokee in Florida is dependent upon a complex equation that considers factors such as if you are a renter or homeowner, the likelihood of vehicle theft, and any prior driving offenses. Florida drivers pay an average rate of $1,230 annually to insure a Jeep Grand Cherokee, but that amount is an approximation using rate data for a 30-year-old single female who needs full coverage including both comprehensive and collision and $1,000 policy deductibles.

There is a good probability you’re not a 30-year-old female, maybe you are married instead of single, or maybe your Florida zip code is rated higher than the example. Every auto insurance policy is unique to the driver, so the best method for finding the cheapest coverage for your Jeep is to compare as many rates as you can.

Insure Your Jeep for Less

Vehicle trim level can impact the annual cost of coverage, so the price you will pay to insure a Grand Cherokee Laredo 2WD model will be $104 cheaper than the price to insure the higher-priced Grand Cherokee SRT-8 4WD version, as shown in the chart below.

Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in specific garaging location which can lower or raise price quotes noticeably.

Ratings for Florida auto insurance companies

Choosing the right auto insurance provider can be difficult considering how many different insurance companies sell coverage in Florida. The company information in the next section could help you choose which car insurance providers to look at purchasing coverage from. These ratings are for major nationwide insurance companies, so companies without a large exposure are not factored into this list.

The diagram below shows how choosing a deductible can raise or lower insurance costs when getting quotes for cheap insurance for a Jeep Grand Cherokee. The premiums are based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3955,3635,3281,2947],[‘Age 30’, 2741,2507,2241,1985],[‘Age 40’, 2539,2327,2087,1857],[‘Age 50’, 2219,2035,1825,1623],[‘Age 60’, 2145,1967,1765,1571],[‘Age 70’, 2497,2295,2071,1857]]);var options = {title: ‘Impact of Deductibles on Jeep Grand Cherokee Insurance Rates in Florida’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Jeep Grand Cherokee’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 50-year-old driver could reduce rates by $394 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $596 by switching to a $1,000 deductible. Young drivers, like the 20-year-old category, could reduce their rates up to $1,008 each year just by choosing larger deductibles. If you do make the decision to raise your deductibles, it is necessary to have additional funds in a savings account to enable you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Full coverage rates compared to liability-only

Finding cheap insurance for a Jeep Grand Cherokee in Florida should be important to most people, and one of the fastest ways to buy cheap insurance is to buy liability only. The chart below shows the difference between insurance prices with and without full coverage. The price estimates are based on no violations or claims, $100 deductibles, single status, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $100 Deductibles’, ‘Liability Only’],[‘Age 20’, 4871,1477],[‘Age 30’, 2511,809],[‘Age 40’, 2493,749],[‘Age 50’, 2265,701],[‘Age 60’, 2189,689],[‘Age 70’, 2657,921]]);var options = {title: ‘Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Insurance Cost for a Jeep Grand Cherokee in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, comp and collision coverage costs $2,831 per year more than just buying liability insurance. Lot’s of drivers question if you should buy full coverage. There is no clear-cut rule to drop physical damage insurance, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your vehicle’s claim settlement value is $7,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,500 after the policy deductible has been paid. If premiums are more than $650 a year to have full coverage, then it might be time to buy liability only.

There are some cases where only buying liability is not financially feasible. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage.

Which major car insurance company is best?

When it comes to buying insurance for a Grand Cherokee in Florida, four companies to definitely compare rates with are Allstate, Progressive, Geico, and State Farm. All four can cover your vehicle for liability and physical damage, but each one has a slightly different mix of options and features that may influence which company you choose. The following table shows pricing and service ratings, plus some optional coverages offered by each company.