Cheapest Jeep Grand Cherokee Insurance in Plano

Comparing and finding cheaper prices for Jeep Grand Cherokee insurance in Plano can seem to be challenging for drivers who have little experience online comparison shopping. You have so many different companies and agents to choose from that it can be a real hassle to find the best prices.

Discount Jeep Grand Cherokee insuranceStatistics show that over 70% of drivers have purchased from the same company for a minimum of four years, and almost half have never compared rates from other carriers. With the average premium in Texas being $2,679, drivers could pocket about 70% a year by just comparing quotes, but they just feel it’s too hard to shop around.

The quickest way to compare car insurance rates for Jeep Grand Cherokee insurance in Plano is to know most of the larger companies actually pay money for the chance to give you rate quotes. The only thing you need to do is spend a couple of minutes providing details such as driver ages, if a SR-22 is required, how much school you completed, and your job. That rating information is automatically sent to many different companies and they provide comparison quotes with very little delay.

To find lower affordable Jeep Grand Cherokee insurance rates now, click here then complete the form.

The following companies offer quotes in Texas. If you want to find the best cheap auto insurance in TX, we suggest you visit as many as you can to get the best price comparison.

Three reasons car insurance is important

Despite the potentially high cost of Jeep Grand Cherokee insurance, buying car insurance may not be optional for several reasons.

First, just about all states have compulsory liability insurance requirements which means state laws require a specific minimum amount of liability in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your car, it’s guaranteed your bank will stipulate that you buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank or lender will purchase a policy for your Jeep at an extremely high rate and require you to pay for it.

Third, insurance protects both your Jeep and your personal assets. Insurance will pay for hospital and medical expenses that are the result of an accident. One policy coverage, liability insurance, also covers legal expenses if you cause an accident and are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to repair the damage.

The benefits of having insurance definitely exceed the price paid, especially with large liability claims. Unknowingly, the average driver is currently overpaying as much as $800 each year so compare quotes from several companies at every renewal to ensure rates are inline.

Detailed insurance information

The table displayed next showcases estimates of insurance prices for Jeep Grand Cherokee models. Learning how rate quotes are calculated is important for drivers to make informed coverage decisions.

Jeep Grand Cherokee Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $266 $492 $514 $30 $154 $1,456 $121
Grand Cherokee Laredo 4WD $266 $492 $514 $30 $154 $1,456 $121
Grand Cherokee Limited 2WD $300 $580 $514 $30 $154 $1,578 $132
Grand Cherokee Limited 4WD $300 $580 $514 $30 $154 $1,578 $132
Grand Cherokee SRT-8 4WD $300 $580 $514 $30 $154 $1,578 $132
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Information does not factor in zip code location which can raise or lower insurance rates considerably.

An analysis of deductible level

One of the most common auto insurance questions is how high or low should comp and collision deductibles be. The following tables help summarize the rate differences when you choose different deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Jeep Grand Cherokee insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $328 $592 $382 $22 $114 $1,463 $122
Grand Cherokee Laredo 4WD $328 $592 $382 $22 $114 $1,463 $122
Grand Cherokee Limited 2WD $370 $698 $382 $22 $114 $1,611 $134
Grand Cherokee Limited 4WD $370 $698 $382 $22 $114 $1,611 $134
Grand Cherokee SRT-8 4WD $370 $698 $382 $22 $114 $1,611 $134
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Jeep Grand Cherokee insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $182 $312 $382 $22 $114 $1,012 $84
Grand Cherokee Laredo 4WD $182 $312 $382 $22 $114 $1,012 $84
Grand Cherokee Limited 2WD $206 $368 $382 $22 $114 $1,092 $91
Grand Cherokee Limited 4WD $206 $368 $382 $22 $114 $1,092 $91
Grand Cherokee SRT-8 4WD $206 $368 $382 $22 $114 $1,092 $91
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in the specific area where the vehicle is garaged which can alter coverage rates significantly.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $41 more each month or $492 for a full year across all Jeep Grand Cherokee models than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 22 months between claim filings, you would save more money if you decide on a higher deductible.

Calculation for determining deductible levels

Average monthly premium for $100 deductibles: $129
Average monthly premium for $1,000 deductibles (subtract): – $88
Monthly savings from raising deductible: $41
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $41
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One thing to be aware of is that raising deductibles to save money means you will have to pay more out-of-pocket when you have a physical damage claim. You must have access to more funds in the event you have to pay the deductible to have repairs made.

Impact of citations and accidents on insurance rates

The chart below demonstrates how citations and at-fault claims impact Jeep Grand Cherokee insurance premiums for different ages of insureds. Data assumes a single female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.

Insurance premiums for males and females

The illustration below shows the difference between Jeep Grand Cherokee auto insurance costs for male and female drivers. The premium estimates are based on no accidents, no driving violations, full physical damage coverage, $500 deductibles, drivers are single, and no discounts are applied.

Comparison of full coverage and liability-only policies

The information below shows the difference between Jeep Grand Cherokee yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The price estimates are based on no violations or claims, $250 deductibles, single status, and no policy discounts are applied.

When to buy liability coverage only

There is no set guideline to delete physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Jeep Grand Cherokee replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying your policy deductible. If you are paying more than $800 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where only buying liability is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Do you qualify for discounts on Jeep Grand Cherokee insurance in Plano?

Auto insurance is not an enjoyable expense, but there’s a good chance there are discounts to cut the cost considerably. Some of these discounts will be visible at the time you complete a quote, but less common discounts must be requested specifically prior to getting the savings.Discount auto insurance

Discounts lower rates, but most discounts do not apply to the overall cost of the policy. Most cut specific coverage prices like comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, you’re out of luck. But all discounts will cut your auto insurance premiums.

The illustration below illustrates the comparison of Jeep Grand Cherokee insurance costs with and without policy discounts. The premium estimates are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-policy, homeowner, and multi-car discounts applied.

Some of the larger companies that may offer quotes with these discounts include:

Before you buy a policy, ask all the companies how you can save money. Some discounts listed above may not be available everywhere. To see insurers who offer online Jeep Grand Cherokee insurance quotes in Plano, click here to view.

Shop online but buy locally

Certain consumers would prefer to get professional advice from a licensed agent and there is nothing wrong with that. A good thing about comparing rates online is the fact that drivers can get the lowest rates but also keep your business local.

Insurance agents in PlanoAfter completing this quick form, your insurance coverage information is transmitted to companies in Plano who will return price quotes to get your business. There is no need to find an agent since rate quotes are delivered to you directly. Get lower rates without a big time investment. If you need to get a rate quote from a specific company, feel free to find their quoting web page and fill out the quote form the provide.

Finding the right company is decision based upon more than just the quoted price. Ask your prospective agent these questions:

Below are Plano insurance companies that may be able to provide price quotes for Jeep Grand Cherokee insurance in Plano.

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How to find a good Plano car insurance company

Choosing the right car insurance company is difficult considering how many companies sell coverage in Texas. The ranking data in the lists below could help you choose which car insurance companies to look at shopping prices with.

Top Car Insurance Companies in Plano
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
Titan Insurance 86 82 92 86% A+ 86.5
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Best Car Insurance Companies

Insurance policy coverages for a Jeep Grand Cherokee

Having a good grasp of your insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.

Liability insurance – This can cover damage or injury you incur to a person or their property that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 30/60/25 that translate to a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and property damage coverage for $25,000.

Liability insurance covers things like bail bonds, emergency aid and structural damage. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford. Texas requires minimum liability limits of 30/60/25 but drivers should carry higher limits.

The illustration below demonstrates why the minimum limit may not provide you with enough coverage.

Collision – Collision insurance will pay to fix damage to your Grand Cherokee resulting from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible on your Grand Cherokee to save money on collision insurance.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like surgery, doctor visits and ambulance fees. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hitting a deer, rock chips in glass and falling objects. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Jeep Grand Cherokee.

Because many people only purchase the least amount of liability that is required (30/60/25), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Shop smart and save

Cost effective Jeep Grand Cherokee insurance is definitely available both online and from local insurance agents, and you should compare rates from both to have the best selection. Some companies do not offer online quoting and usually these regional insurance providers sell through independent insurance agencies.

We just covered some good ideas how you can save on Jeep Grand Cherokee insurance in Plano. The most important thing to understand is the more companies you get prices for, the higher the chance of saving money. Consumers may even find the lowest premium rates are with an unexpected company.

As you quote Plano auto insurance, you should never buy less coverage just to save a little money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.

Steps to finding discount Jeep Grand Cherokee insurance in Plano

To save the most money, the best way to get the cheapest auto insurance rates in Plano is to compare prices at least once a year from different companies who sell insurance in Texas.

First, it will benefit you to learn about individual coverages and the things you can change to prevent expensive coverage. Many things that cause rate increases such as distracted driving and a negative credit score can be amended by making lifestyle changes or driving safer.

Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from a single company like Progressive and State Farm, while independent agencies can quote prices from multiple companies.

Third, compare the new rate quotes to your current policy premium to see if cheaper Grand Cherokee coverage is available in Plano. If you find a lower rate, verify that coverage does not lapse between policies.

A good tip to remember is to try to compare the same amount of coverage on each price quote and and to get rates from as many companies as feasibly possible. This provides a fair rate comparison and the most accurate and complete price analysis.

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