How Much are Phoenix Car Insurance Rates for a Jeep Grand Cherokee?

Buying economical coverage for a Jeep Grand Cherokee hinges on a complicated formula that considers factors such as how far you drive to work, if you have prior claims, and your choice of physical damage deductibles. Drivers pay on average $873 per year to insure their Grand Cherokee, but that figure is an estimation based on a 50-year-old married male driver with full physical damage coverage and $100 deductibles.

The issue with using an average estimated rate is the likelihood you aren’t exactly 50 years old or even a male, possibly single instead of married, or you just want cheap liability insurance instead of full coverage. Just a slight change in the criteria used to calculate rates can result in a large change in the cost of insuring your Grand Cherokee.

This shows why the only real way to find the most affordable coverage for your Jeep is to just take the time to compare rates yourself. Compare rate quotes now and you will be able to see rates from some of the best insurers around.

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The trim level of your vehicle impacts the insurance rate, so the price you will be charged to insure a Grand Cherokee Laredo 2WD model will be $96 less expensive the cost to insure the higher-end Grand Cherokee SRT-8 4WD version, as shown in the prices below.

Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Arizona minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can alter insurance rates substantially.

Finding budget car insurance is easier said than done, and finding out which companies offer the lowest-priced car insurance rates for a Jeep Grand Cherokee will involve a little more work. Every insurance provider uses their own method to determine premium rates, so first let’s look at the rankings for the car insurance companies with the overall best prices in Arizona.

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The Hartford may have some of the lowest car insurance rates in Phoenix at around $820 a year. Safeco, Auto-Owners, Travelers, and USAA would also make the list of some of the cheapest Phoenix, AZ insurance companies.

As the rates illustrate above, if you currently buy coverage from Auto-Owners and switched to The Hartford, you could earn a yearly savings of roughly $95. Policyholders with Travelers might save as much as $255 a year, and USAA insureds might lower prices by up to $271 a year.

Understand that those premium estimates are averaged across all drivers and vehicles in Arizona and do not factor in an exact zip code location for a Jeep Grand Cherokee. So the insurer that is best suited for you may not even be in the list above. That points out the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.

The diagram below shows how choosing a deductible can influence insurance costs when researching cheap insurance for a Jeep Grand Cherokee. The prices are based on a married male driver, comp and collision included, and no other discounts are factored in.

The data above shows that a 50-year-old driver could lower their car insurance rates by $290 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $440 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save $972 annually by using higher deductibles when buying full coverage. If you make the decision to raise deductibles, it is important to have enough savings to be able to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

You may be paying too much for Grand Cherokee insurance

Arizona car insurance rates are calculated based on many things which can substantially decrease or increase the policy price. Simply having a birthday, buying a different vehicle, or having an at-fault accident may cause policy rate changes resulting in some companies being cheaper than others. In addition, car insurance companies change rates as needed to help ensure profitability. A period of higher than normal claims can cause a rate increase, while profitable underwriting can result in cheaper Grand Cherokee insurance rates.

For example, the chart below shows which companies have the cheapest car insurance in Phoenix, AZ for a 40-year-old male driver with no prior accidents, a clean driving record, and good credit. When comparing rates based on his current situation, The Hartford may have the best car insurance rates in Phoenix at $1,172 a year. This is $256 less than the average rate paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Progressive, and Travelers are also included in the best Phoenix, AZ auto insurance companies.

Now let’s give the driver from the first set of rates some claims, a lower credit score, and a few traffic violations. Due to the fact that each insurance company has a unique approach to set policy rates, analyzing rates may now present a completely different list of the cheapest Phoenix car insurance companies as shown below.

GEICO now has the lowest price on auto insurance in Phoenix with Ameriprise Group, Allied, CSAA, and Farm Bureau Mutual also having competitive pricing. This shows why consumers need to take the time to perform a complete rate comparison to find the best auto insurance quotes for a Jeep Grand Cherokee.

Rates are determined by many different factors and change frequently, so the most economical option the last time you shopped your coverage around may now be priced much higher than other options.