Do you need a fast way to compare more affordable Jeep Grand Cherokee insurance in Fort Worth? Feeling guilty for buying an overpriced insurance policy? It's quite common and there are lots of people in the same boat.
A recent insurance study revealed that almost 70% of drivers in Texas kept their policy with the same company for at least four years, and nearly the majority have never even compared quotes to find cheap rates. Drivers in America could save 47% every year by just comparing quotes, but they just assume it's a time-consuming process to find cheap insurance by shopping around. Big-name insurance companies like GEICO, Progressive and Allstate promote their brand names with ad campaigns and consumers find it hard to see through the deception and effectively compare rates to find the best deal.
Why Informed Consumers Pay Less for Jeep Grand Cherokee Insurance
An important part of buying insurance is that you know a few of the rating criteria that come into play when calculating your policy premiums. If you understand what impacts premium levels, this enables informed choices that could help you find lower insurance prices.
Driver age impacts rates - Older, more experienced drivers tend to be more responsible, tend to file fewer claims, and are generally more financially stable. Drivers with little experience are statistically proven to be less responsible behind the wheel so they pay higher insurance rates.
The chart below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.
What type of car do you drive? - The performance of the vehicle you need to insure makes a big difference in how high your rates are. Lower cost passenger models generally have the cheapest insurance rates, but other factors influence the final cost greatly.
The chart below is based on a single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Jeep Grand Cherokee insurance rates compared to other models of vehicles that have a range of risk factors.
- Does your vocation cost you more? - Jobs such as judges, social workers, and stock brokers generally have higher average rates due to high stress and long work hours. Conversely, occupations such as professors, historians and homemakers get better rates.
- Liability coverage is critical - The liability section of your policy will afford coverage in the event that you are ruled to be at fault for causing personal injury or damage in an accident. This coverage provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to other policy coverages, so buy as much as you can afford.
- Low credit rating equals high rates - Having a bad credit score is likely to be a major factor in calculating your premium rate. If your credit rating leaves room for improvement, you may save money insuring your Jeep Grand Cherokee if you clean up your credit. Insureds that have excellent credit tend to be more responsible and file fewer claims than those with bad credit.
- Too many claims will drive premiums up - Companies in Texas give better rates to insureds that do not abuse their auto insurance. If you are the type of insured that files lots of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
- Raising physical damage deductibles lowers rates - Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Jeep. Some examples of covered claims could be a dented fender, damage caused by hail, and windstorm damage. Your deductibles define how much you are required to spend before a claim is paid by your company. The higher the amount the insured has to pay upfront, the better rate you will receive.
- Where you call home is a factor - Being located in small towns and rural areas has definite advantages if you are looking for the lowest rates. People in densely populated areas have to deal with more aggressive driving styles and a longer drive to work. Less people translates into fewer accident claims and lower theft and vandalism rates.
Claims statistics for a Jeep Grand Cherokee - Insurance companies use past insurance losses in order to profitably underwrite each model. Models that the data shows to have higher loss trends will have increased rates.
The information below illustrates the actual insurance loss data for Jeep Grand Cherokee vehicles. For each policy coverage type, the claim amount for all vehicles combined as an average is a value of 100. Values under 100 represent a good loss history, while percentage numbers above 100 indicate a higher chance of having a claim or statistically larger claims.
Car Insurance Loss Data for Jeep Grand Cherokee Models Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Jeep Grand Cherokee 4dr 2WD 81 111 71 62 60 94 Jeep Grand Cherokee 4dr 4WD 91 112 98 67 63 89BETTERAVERAGEWORSE
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Car insurance analysis for a Jeep Grand Cherokee
The rate table displayed below highlights different policy rates for Jeep Grand Cherokee models. Learning more about how rate quotes are calculated can benefit drivers when making decisions when shopping your coverage around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$282||$610||$430||$26||$128||$1,476||$123|
|Grand Cherokee Laredo 4WD||$282||$610||$430||$26||$128||$1,476||$123|
|Grand Cherokee Limited 2WD||$318||$718||$430||$26||$128||$1,620||$135|
|Grand Cherokee Limited 4WD||$318||$718||$430||$26||$128||$1,620||$135|
|Grand Cherokee SRT-8 4WD||$318||$718||$430||$26||$128||$1,620||$135|
|Get Your Own Custom Quote Go|
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price information does not factor in Fort Worth location which can revise insurance rates substantially.
Impact of citations and accidents on Fort Worth insurance rates
The illustration below demonstrates how speeding tickets and at-fault claims impact Jeep Grand Cherokee auto insurance rates for different ages of insureds. The premiums assume a single female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
Male drivers compared to female drivers in Fort Worth
The information below compares Jeep Grand Cherokee insurance premiums for male and female drivers. The rate quotes are based on no claims or driving citations, full physical damage coverage, $100 deductibles, marital status is single, and no policy discounts are applied.
Full coverage versus liability only rates
The chart below visualizes the comparison of Jeep Grand Cherokee premium costs with and without full coverage. The costs are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.
Should you pay for full coverage or liability only?
There is no clear-cut rule of when to drop physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let's assume your Jeep Grand Cherokee replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $6,000 after the policy deductible has been paid. If you are currently paying more than $600 annually to have full coverage, then it might be time to buy liability only.
There are some circumstances where eliminating full coverage is not a good idea. If you haven't satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.
Get cheaper Jeep Grand Cherokee insurance rates in Fort Worth
Some insurance providers do not advertise every possible discount in a way that's easy to find, so we break down both well-publicized in addition to some of the lesser obvious credits available to lower your premiums when you buy Fort Worth auto insurance online.
- Paperwork-free - Some insurance companies may give you up to $50 simply for signing on the web.
- Discount for Life Insurance - Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
- Multi-Vehicle Discounts - Buying insurance for multiple cars with the same company can reduce rates for all insured vehicles.
- Government Employee Discount - Employees or retirees of the government may reduce rates when you quote Fort Worth auto insurance but check with your company.
- No Accidents - Insureds with no claims or accidents pay much less when compared to frequent claim filers.
- ABS Braking Discount - Cars with ABS and/or traction control are much safer to drive and earn discounts up to 10%.
- Drivers Ed for Students - Require your teen driver to participate in a local driver's education class as it can save substantially.
- New Vehicle Savings - Buying a new car model is cheaper since new model year vehicles have better safety ratings.
- Low Mileage Discounts - Driving less can earn lower prices due to less chance of an accident.
- Good Grades Discount - Getting good grades may save you up to 25%. Many companies even apply the discount to college students until age 25.
One thing to note about discounts is that most credits do not apply to your bottom line cost. Most only cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, it just doesn't work that way.
The illustration below compares Jeep Grand Cherokee insurance prices with and without some available policy discounts. The premiums assume a female driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, safe-driver, multi-car, and claim-free discounts applied.
Companies that may offer most of these discounts are:
Check with every company to give you their best rates. Some discounts might not be offered in your area.
Quote often and quote early
There are still a few companies who don't offer the ability to get quotes online and many times these small, regional companies sell through independent agencies. Lower-priced insurance in Fort Worth is attainable both online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money.
While you're price shopping online, never skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that it was a big mistake. Your focus should be to purchase plenty of coverage at the best possible price, but do not skimp to save money.
How to save on Jeep Grand Cherokee insurance in Fort Worth
If saving the most money is your goal, then the best way to get low-cost Jeep Grand Cherokee insurance in Fort Worth is to compare prices annually from insurers in Texas.
First, gain an understanding of policy coverages and the changes you can make to keep rates in check. Many policy risk factors that result in higher prices such as speeding tickets, accidents and a less-than-favorable credit rating can be improved by being financially responsible and driving safely.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive or Allstate, while independent agents can provide rate quotes from multiple companies. View rates
Third, compare the new rate quotes to the price on your current policy to see if a cheaper rate is available. If you find a lower rate, make sure there is no lapse between the expiration of your current policy and the new one.
The key thing to know about shopping around is to use the same amount of coverage on each price quote and and to get price quotes from as many auto insurance providers as possible. Doing this helps ensure the most accurate price comparison and the best price quote selection.
Even more information is available by following these links:
- Rental Reimbursement Coverage (Allstate)
- What Auto Insurance is Cheapest for a Chevrolet Traverse in Fort Worth? (FAQ)
- Who Has the Cheapest Fort Worth Car Insurance Rates for Safe Drivers? (FAQ)
- What Car Insurance is Cheapest for Welfare Recipients in Fort Worth? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Hyundai Santa Fe in Fort Worth? (FAQ)
- Who Has Cheap Fort Worth Auto Insurance Rates for a Honda CR-V? (FAQ)
- What Insurance is Cheapest for a Nissan Versa in Fort Worth? (FAQ)
- Who Has Cheap Fort Worth Auto Insurance Rates for Ride Shares? (FAQ)
- Anti-Lock Brake FAQ (iihs.org)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)
- Get the Right Protection (InsureUonline.org)
- Collision Insurance Coverage (Nationwide)