Who Has Affordable Auto Insurance for a Jeep Grand Cherokee in Minneapolis?

Buying cheap insurance for a Jeep Grand Cherokee depends on an enormous amount of factors such as age of the vehicle, your credit history, and any prior driving offenses you have. Drivers pay on average $1,057 annually for Grand Cherokee insurance, but that price is a projection based upon a 30-year-old married male driver with full coverage and $100 deductibles.

More likely than not, you are not 30 and maybe not even a male, single instead of married, or maybe your Grand Cherokee doesn’t need full coverage. Auto insurance requires individual risk assessment, so the way we recommend to find affordable rates for your Jeep is to compare as many rates as possible.

Cheapest Jeep Grand Cherokee Insurance Rates

The specific model of Grand Cherokee will most likely have an effect on the cost of insurance, so the price you will pay to insure a Grand Cherokee Laredo 2WD will cost $124 less than the insurance cost for the more expensive Grand Cherokee SRT-8 4WD version, as shown in the prices below.

Jeep Grand Cherokee Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $272 $492 $318 $18 $94 $1,194 $100
Grand Cherokee Laredo 4WD $272 $492 $318 $18 $94 $1,194 $100
Grand Cherokee Limited 2WD $308 $580 $318 $18 $94 $1,318 $110
Grand Cherokee Limited 4WD $308 $580 $318 $18 $94 $1,318 $110
Grand Cherokee SRT-8 4WD $308 $580 $318 $18 $94 $1,318 $110
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Minnesota minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in your specific Minneapolis location which can decrease or increase prices considerably.

Figuring out which company quotes the lowest-priced car insurance rates for a Jeep Grand Cherokee takes a bit more effort than just comparing rates from one or two companies. Every insurance provider uses a little different formula for establishing rates, so let’s examine the car insurance companies with the overall best prices in Minnesota.

We do need to point out that Minnesota car insurance rates are impacted by many things that control your annual premium. Simply having a birthday, moving across town, or getting a driving violation may cause policy rate changes that can now make some companies more affordable than before.

Best Car Insurance Prices for Your Jeep

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Cheapest auto insurance in Minnesota ranked by cost per year
Rank Company Cost Per Year
1 Travelers $647
2 Farm Bureau Mutual $805
3 USAA $823
4 Western National $910
5 West Bend Mutual $952
6 The Hartford $964
7 Allied $1,198
8 State Farm $1,226
9 California Casualty $1,264
10 American Family $1,268
11 General Casualty $1,274
12 Auto-Owners $1,334
13 Auto Club Group $1,339
14 Nationwide $1,364
15 Farmers $1,365
16 North Star $1,390
17 Progressive $1,405
18 Allstate $1,423
19 Country $1,455
20 MetLife $1,581
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Travelers offers some of the most affordable car insurance rates in Minneapolis at around $647 per year. This is $774 less than the average policy premium paid by Minnesota drivers of $1,421. Farm Bureau Mutual, USAA, Western National, and West Bend Mutual also are some of the best Minneapolis, MN auto insurance companies.

As shown in the rates above, if you currently have coverage with Farm Bureau Mutual and switched to Travelers, you could realize annual savings of approximately $158. Customers with USAA may save as much as $176 a year, and Western National customers might lower prices by up to $263 a year.

If you would like to find cheaper car insurance rates, click here to start your free quote or visit several of the following companies.

These prices are averaged across all drivers and vehicles and do not factor in a vehicle location for a Jeep Grand Cherokee. So the auto insurance company that is best suited for you may not even be in the top 24 companies in the list above. That’s why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

The illustration below demonstrates how deductible levels can influence insurance costs when trying to find cheap insurance for a Jeep Grand Cherokee. The prices are based on a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

The data above shows that a 40-year-old driver could save $308 a year by changing from a $100 deductible to a $500 deductible, or save $466 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old chart data, can save up to $1,032 annually just by choosing larger deductibles.

If you do make the decision to raise your deductibles, it will be important to have enough savings set aside to offset the extra out-of-pocket expense, which deters some people from using high deductibles.

Full coverage rates vs. liability-only in Minneapolis

Reducing the cost of car insurance is the goal of the majority of vehicle owners, and one of the quickest ways to find cheap insurance for a Jeep Grand Cherokee is to buy only liability coverage. The chart below shows the comparison of premium costs when comparing full coverage to liability only. Data assumes no claims, a clean driving record, $100 deductibles, single status, and no policy discounts are applied.

As an average for all age groups, physical damage coverage costs an additional $2,365 per year more than just insuring for liability. A very common question is if it’s a good idea to buy full coverage. There is no set rule to delete physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s say your vehicle’s book value is $11,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $10,500 after the deductible is paid. If you are paying in excess of $1,050 a year to have full coverage, then it might be time to buy liability only.

You are probably paying too much for Grand Cherokee insurance

Minnesota car insurance rates are based on many factors that will increase or decrease the price of coverage. Improving your credit rating, filing a claim, or getting a ticket for running a stop sign can trigger price changes resulting in some rates now being cheaper than others.

Not only that, but car insurance companies modify rates every year or even multiple times each year in order to be able to pay unexpected claims. An unexpected high level of claims can cause price increases, while a better loss history may produce lower-cost Grand Cherokee insurance rates.

For instance, the graph below compares the cheapest car insurance in Minneapolis, MN for a 35-year-old female driver with a clean driving record, no accidents, and a good credit rating. When quoting prices based on her current risk factors, Travelers might offer the lowest car insurance rates in Minneapolis at $868 a year. This is $553 less than the average policy premium paid by Minnesota drivers of $1,421. USAA, Farm Bureau Mutual, Western National, and The Hartford are also on the list of the best Minneapolis, MN auto insurance companies.

The next chart shows rates after we give the driver from the first example an accident surcharge, a lower credit score, and an imperfect driving record. Since every car insurance company has their own formula to set their prices, comparing prices may now result in a different list of the cheapest Minneapolis car insurance companies as shown below.

USAA now has the cheapest insurance rate in Minneapolis with Allied, Farm Bureau Mutual, California Casualty, and Western National also having competitive pricing. This illustrates why Minnesota drivers need to compare as many rates as possible when trying to get cheap car insurance rates for a Jeep Grand Cherokee. Auto insurance prices consist of many factors and can decrease or increase without notice, so the cheapest option the last time you compared rates may now be wasting a lot of money.

Ideas for finding economical auto insurance for a Jeep Grand Cherokee

It is possible to find better rates, and here are a few money-saving suggestions that can help Minnesota drivers quote cheap coverage.

That final tip is incredibly vital, as was discussed in this article. Coverage prices in Minneapolis adjust often, so don’t be unwilling to buy a policy from a new company if a better rate can be found.

Being loyal to a particular company is commendable, but it’s not a good idea if that stubbornness costs you major coinage every year. Take a few minutes and compare rates to find cheaper auto insurance for a Jeep Grand Cherokee.