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Designed to handle rugged terrains, Jeeps are a dream car for many adventurous drivers. Jeep also offers a variety of SUVs and trucks ranging from economical to luxe for every budget. But keep in mind that the cost of a Jeep doesn’t end with its MSRP — factoring in the cost of car insurance will be important, too.
The national average cost of car insurance is $1,674 per year for full coverage. The make and model of the Jeep you choose, along with the selected insurance carrier and coverage options, also impact your final premium amount. Understanding how each of these factors impacts insurance for a Jeep could help determine the true cost of ownership and decide which model makes the most sense for your financial situation.
Models included in this review:
- Jeep Grand Cherokee
- Jeep Wrangler
How much does it cost to insure a Jeep?
While $1,674 per year is the average cost of insurance in the U.S., based on current rates from Quadrant Information Services, there are a number of factors influencing the overall cost. Rates vary from one insurance provider to another. Insurance providers use several considerations to evaluate the risk level of the vehicle and driver, which ultimately impacts your final rate. Considerations include:
- Crash rate stats per make/model – Both the Jeep Grand Cherokee and the Jeep Wrangler receive mostly “Good” safety ratings from the Insurance Institute for Highway Safety (IIHS). Safety ratings are typically evaluated by insurance providers to assess overall risk.
- Price of parts – With Jeep vehicles manufactured domestically versus overseas, the price of parts could be less expensive compared to foreign vehicles. Insurance providers take this into account when assessing the amount it would cost for replacement parts.
- Safety features – Enhanced safety features can help lower overall costs for auto insurance for Jeeps. The ProTech I system comes standard on all Jeep Grand Cherokee models and includes blind-spot warnings, rear cross-path monitoring and a rear backup camera. It’s also possible to add blind-spot monitoring, rear cross-path detection and park assist to make driving even safer.
Car insurance for a Jeep: by model
Car insurance costs vary for each person, depending on their unique circumstances and driving history. However, the make and model they insure has a significant impact on the overall cost. Understanding this impact can help a driver make a more informed decision regarding vehicle ownership and choosing an insurance company.
Car insurance for Jeep Grand Cherokee
Able to tow up to 7,200 pounds, the Jeep Grand Cherokee is a workhorse SUV with a range of safety features to help detect obstacles around your vehicle like blind-spot monitoring and rear cross-path detection. These safety features and the Jeep Grand Cherokee’s positive crash rate statistics may help keep the costs lower for this model.
|Jeep Grand Cherokee car insurance||Average annual premium|
Car insurance for Jeep Wrangler
The 4-door Jeep Wrangler receives mostly “Good” safety ratings from IIHS, which may contribute to its lower insurance cost. Buyers can also add a forward-collision warning, adaptive cruise control and automatic high-beam headlamps to make driving safer.
|Jeep Wrangler car insurance||Average annual premium|
Cheapest car insurance companies for Jeeps
The table below illustrates how rates can vary for the same make and model between different insurance providers. USAA and Erie offer some of the lowest rates for both models on our list, while State Farm comes in as the highest average rate. Keep in mind your rates could be higher or lower, depending on where you live, driving history and claim history.
Average annual premium for full coverage by model
|Car insurance company||Jeep Grand Cherokee||Jeep Wrangler|
Other car insurance coverage for a Jeep
The vehicle make and model and your chosen insurance provider are major contributors to the overall cost of car insurance for Jeeps. The coverage options you select also influence premiums, as you could select more coverage to build a more robust policy for you and your Jeep. Each state has its own minimum insurance requirements to protect other drivers while driving. However, most financial experts agree you should purchase more than the bare minimum required in order to receive greater financial protection.
One option is to consider full coverage instead of only the minimum coverage required in your state. Full coverage adds comprehensive and collision coverage to your policy, which can pay toward repair costs for your Jeep due to a covered accident or other events, such as theft. Some other coverage options to consider to round out your car insurance policy include:
- Gap insurance: If buying or financing a new Jeep, this coverage could be beneficial. It would cover the “gap” between the amount you owe on the vehicle and its current worth, as determined by your car insurance company at the time of the claim. The difference could be significant if you total your vehicle and still owe a considerable amount on the loan versus the depreciated market value of your vehicle.
- New car replacement coverage: If your new Jeep is totaled in a covered accident, this coverage would allow you to receive a value closer to the market value of your vehicle without depreciation. Your insurance company may have specific requirements before adding this coverage to your policy, such as the age and current mileage of your vehicle, as well as require comprehensive and collision coverage on your policy.
- Uninsured and underinsured motorist coverage: If you are involved in an accident, and the other at-fault party doesn’t have insurance or their insurance is not enough to cover your damages, this coverage would step in to help cover your losses up to policy limits.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Jeep of the following model types, commute five days a week and drive 12,000 miles annually:
- Jeep Grand Cherokee
- Jeep Wrangler
These are sample rates and should only be used for comparative purposes.