Buying competitive auto insurance for a Jeep Wrangler in Minnesota is usually pretty straightforward, but it hinges on a lot of different factors such as your age, your residence address, and physical damage deductibles. Drivers pay on average $670 per year for Wrangler insurance, but that is an estimation based on a 50-year-old married female driver with full coverage and $1,000 deductibles.
The issue that arises when projecting rates is that it’s very likely that you are not 50 and maybe not even a female, single instead of married, or maybe you have a speeding ticket or two that will increase rates. Even a slight difference in rating criteria can make a big difference in the amount insurance costs for a Jeep Wrangler.
Everone’s needs are different, and this illustrates why the best way to find cheap insurance rates for your Jeep is to compare as many rates as you can.
The trim level of your vehicle tends to have a direct impact on the annual cost of coverage, so the rate you pay to insure a Wrangler Sport 4WD 2-Dr trim level will be $170 cheaper than the cost to insure the higher-end Wrangler Unlimited Rubicon 4WD 4-Dr trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Wrangler Sport 4WD 2-Dr||$102||$138||$298||$18||$90||$646||$54|
|Wrangler Unlimited Sport 2WD 4-Dr||$102||$138||$372||$22||$112||$746||$62|
|Wrangler Sport Islander Package 4WD 2-Dr||$102||$178||$298||$18||$90||$686||$57|
|Wrangler Unlimited Sport 4WD 4-Dr||$116||$138||$372||$22||$112||$760||$63|
|Wrangler Sahara 4WD 2-Dr||$116||$178||$298||$18||$90||$700||$58|
|Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$116||$138||$372||$22||$112||$760||$63|
|Wrangler Unlimited Sahara 2WD 4-Dr||$116||$138||$372||$22||$112||$760||$63|
|Wrangler Rubicon 4WD 2-Dr||$116||$178||$298||$18||$90||$700||$58|
|Wrangler Unlimited Sahara 4WD 4-Dr||$116||$178||$372||$22||$112||$800||$67|
|Wrangler Unlimited Rubicon 4WD 4-Dr||$132||$178||$372||$22||$112||$816||$68|
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can modify premiums considerably.
Trying to find affordable auto insurance is difficult, and finding out which company offers the best insurance rates for a Jeep Wrangler calls for even more work. Each insurer has their own process to establish rates, so we’ll go over the insurance companies that tend to have lower prices in Minneapolis.
Keep in mind that Minneapolis insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Improving your financial situation, increasing liability limits, or getting into an accident can trigger rate changes that can make some companies affordable when they were higher priced.
Best Cheap Insurance Rates for Your Jeep
|Rank||Company||Cost Per Year|
|2||Farm Bureau Mutual||$829|
|6||West Bend Mutual||$943|
|16||Auto Club Group||$1,393|
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Travelers may offer some of the lowest car insurance rates in Minneapolis at around $661 annually. Farm Bureau Mutual, USAA, The Hartford, and Western National also make the cut as some of the most economical Minneapolis, MN car insurance companies.
As the example above demonstrates, if you are insured with The Hartford and switched to Farm Bureau Mutual, you may realize a yearly price reduction of in the neighborhood of $107. Insureds with Western National may save as much as $108 a year, and West Bend Mutual policyholders might realize rate reductions of up to $114 a year.
To see how much you can save, click here or visit any of the low-priced companies below.
Remember that these policy rates are averaged across all ages of drivers and types of vehicles and and are not figured with a specific zip code for a Jeep Wrangler. So the company that is most affordable for your situation may not even be in the top 24 companies shown above. That emphasizes why you need to get rate quotes using your own personalized driver profile and vehicle information.
Get discount Minneapolis car insurance rates
Insurance companies that provide policies for a Jeep Wrangler may have rate discounts that can reduce rates by 25% or more if you qualify for them. A few popular companies and the discounts they provide are detailed below.
- Farmers Insurance offers premium reductions for pay in full, multi-car, teen driver, bundle discounts, business and professional, and alternative fuel.
- Esurance has savings for claim free, homeowner, safety device, online shopper, good driver, anti-theft, and online quote.
- State Farm discounts include multiple autos, passive restraint, good driver, anti-theft, good student, and multiple policy.
- GEICO has discounts for federal employee, anti-theft, membership and employees, seat belt use, emergency military deployment, and good student.
- Allstate may include discounts for good student, senior citizen, defensive driver, teenSMART discount, and EZ pay plan discount.
The illustration below shows the comparison of annual premium costs with and without discounts applied to the premium. The premium estimates are based on a male driver, no tickets, no at-fault accidents, Minnesota state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, passive restraint, homeowner, multiple vehicle, marriage, and vehicle safety discounts applied. With discounts applied, theamount saved on insurance for a Jeep Wrangler is 28% or $500.
Comparison of full coverage and liability-only policies
Reducing premiums for insurance is important to most people, and one good way to lower the cost of insurance for a Jeep Wrangler is to not insure for full coverage. The diagram below shows the difference between auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The costs are based on no violations or accidents, $100 deductibles, single status, and no additional discounts are factored in.
Averaged out for all age groups, physical damage coverage costs an extra $1,997 per year more than just buying liability only. That is a significant amount which raises the question if it’s a good idea to buy full coverage. There is no written rule to drop physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s say your vehicle’s replacement value is $6,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,500 after paying your policy deductible. If you are paying over $550 a year to have full coverage, then you might consider buying liability only.
There are some cases where only buying liability is not recommended. If you still have a loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
Impact of citations and accidents on insurance rates
The obvious way to get the best insurance premiums in Minneapolis for a Wrangler is to be a cautious driver and avoid tickets and accidents. The chart below illustrates how speeding tickets and at-fault accidents can influence insurance costs for each age group. The costs are based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
In the previous example, the average cost of an auto insurance policy in Minneapolis per year with no accidents or violations is $2,004. Receive one speeding ticket and the average cost increases to $2,273, an increase of $269 each year. Now include one accident along with the one speeding ticket and the 12-month cost of insurance for a Jeep Wrangler jumps again to an average of $3,003. That’s an increase of $999, or $83 per month, just for not being a responsible driver!
The insurance agencies below are a good start to help you decide which auto insurance policy would work best for you, as some people have coverage questions and would like to get some guidance when comparing insurance rates for a Wrangler. It can be complicated to find the best coverage on your own, so insurance agents licensed in the state of Minnesota can provide comfort knowing your policy gives you enough coverage when you need it. To locate a Minneapolis car insurance agency close to you, click the link at the bottom.
- Mary Trondson – State Farm Insurance Agent
1215 Lagoon Ave – Minneapolis, MN 55408 – (612) 823-4111
- State Farm: Brandon Walter
222 S 9th St #270 – Minneapolis, MN 55402 – (612) 843-8444
- Jeff Meyer – State Farm Insurance Agent
4316 S Upton Ave – Minneapolis, MN 55410 – (612) 920-2340