Buying economical car insurance for a Jeep Grand Cherokee is pretty simple for most people to do, but it is dependent upon a complicated formula that considers factors such as the safety rating of your vehicle, your credit status, and the level of deductible you choose. Drivers in Nebraska pay on average $873 a year to insure their Grand Cherokee, but that amount is calculated based on a 50-year-old married male driver with both comprehensive and collision coverage and $100 deductibles.
But there is a high likelihood that you’re not a 50-year-old male, possibly single instead of married, or you just want cheap liability insurance instead of full coverage. Just a slight change in rating variables could end up in a significant change in the policy rate.
Auto insurance requires individual risk assessment, so the only way to find the cheapest rates for your Jeep is to just compare rates yourself. It only takes a few minutes and you will be able to compare rates from some of the best insurers that offer coverage in Nebraska.
The trim level of your vehicle will have an impact the annual cost of coverage, so the rate you will pay to insure a Grand Cherokee Laredo 2WD trim level will be $96 cheaper than the price to insure the more costly Grand Cherokee SRT-8 4WD model, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $202 | $396 | $288 | $18 | $86 | $990 | $83 |
| Grand Cherokee Laredo 4WD | $202 | $396 | $288 | $18 | $86 | $990 | $83 |
| Grand Cherokee Limited 2WD | $228 | $466 | $288 | $18 | $86 | $1,086 | $91 |
| Grand Cherokee Limited 4WD | $228 | $466 | $288 | $18 | $86 | $1,086 | $91 |
| Grand Cherokee SRT-8 4WD | $228 | $466 | $288 | $18 | $86 | $1,086 | $91 |
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Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Premium costs do not factor in specific garaging location which can change coverage rates greatly.
Finding the top auto insurance company can be a challenge considering how many different insurance companies sell coverage in Nebraska. The ranking data shown next can help you choose which auto insurers you want to consider when trying find the best insurance for a Jeep Grand Cherokee. These rankings include companies with a national presence, so companies that have a smaller presence are not included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
| Allstate | 90 | 90 | 84 | 85% | A+ | 89.1 |
| Progressive | 83 | 85 | 99 | 87% | A+ | 88.7 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
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Data Source: Insure.com Best Car Insurance Companies
Full coverage or liability only
Buying cheaper car insurance is important to the majority of vehicle owners, and one common way to buy cheap insurance for a Jeep Grand Cherokee is to buy liability only. The chart below illustrates the comparison of insurance premiums with full coverage compared to only the Nebraska minimum liability coverage. The data assumes no violations or claims, $500 deductibles, drivers are not married, and no policy discounts are applied.
If averaged out across all ages, physical damage coverage costs an additional $1,676 per year over and above liability only. That brings up the question if buying full coverage is a waste of money. There is no specific rule to eliminate comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If you are currently paying more than $200 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are a few situations where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.
How accidents and violations affect rates in Lincoln
The easiest method to receive affordable car insurance premiums in Nebraska for a Grand Cherokee is to be a good driver and avoid tickets and accidents. The information below illustrates how speeding tickets and accidents can affect insurance premiums for different age groups of insureds. The rates are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
In the previous example, the average cost of a car insurance policy in Nebraska per year with no violations or accidents is $1,595. Factor in one speeding ticket and the average cost hikes up to $1,809, an increase of $214 each year. Then add one accident along with the one speeding ticket and the yearly cost of car insurance for a Jeep Grand Cherokee increases to an average of $2,404. That’s an increase of $808, or $67 per month, just for not driving safely!
Why you should be shopping around
Lincoln car insurance rates are impacted by many things that can increase the price of your policy. Improving your credit score, buying another vehicle, or having an accident may cause policy rate changes that can now make some companies cheaper than before. In addition, companies file new Nebraska auto insurance rates every year or even multiple times each year in order to remain profitable. A period of increased losses can result in increased policy costs, while profitable underwriting can produce lower-cost Grand Cherokee insurance rates.
The graph below shows a variety of companies that have the cheapest car insurance in Lincoln, NE for a 35-year-old female driver with a good driving record, no prior claims, and a decent credit rating. If we estimate rates based on her current rating profile, Safeco quotes the best car insurance rates in Lincoln at $812 per year. This is $504 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Farm Bureau Mutual are also on the list of the best Lincoln, NE auto insurance companies.
The example below compares rates after we give the driver from above a chargeable accident, a lower credit rating, and a speeding citation. Since each auto insurance company has a different formula to determining premium rates, getting updated rate quotes may result in a new list of cheap Lincoln auto insurance companies as shown below.
Nationwide now has the cheapest car insurance in Lincoln, NE with American National, State Farm, General Casualty, and USAA now rounding out the top five. This example illustrates why it is important to take the time to shop around when trying to find the most affordable insurance quotes for a Jeep Grand Cherokee. Insurance rates are made up of many things and can increase or decrease at any time, so the cheapest company six months ago may now be costing you a lot of money.
How to find low-cost auto insurance for a Jeep Grand Cherokee
Below you’ll find some money-saving suggestions that can help Lincoln drivers get low-cost car insurance.
- Maintain a safe distance and avoid accidents
- Bundle home or renters insurance to earn a discount on car insurance
- Raise deductibles to save money
- Pay lower rates with good credit
- Try to not file small claims
- Avoid getting tickets or violations
- Shop around for cheaper rates regularly
That last piece of advice is certainly critical, as we discussed in the prior article. Auto insurance prices can be adjusted at any time, so drivers shouldn’t be reluctant to buy from a new company if a better deal can be had.
Having brand loyalty is commendable, but is isn’t recommended if that loyalty results in overpaying a considerable chunk of change every month. Now is a great time to compare prices and find cheaper auto insurance for a Jeep Grand Cherokee in Lincoln.
The agencies below can aid you in deciding which car insurance policy is best, as some drivers wish to get some professional advice when shopping for cheaper insurance for a Jeep Grand Cherokee. It can be difficult to find the cheapest rate yourself, so professional agents can bring comfort knowing your coverage gives you adequate asset protection. To locate an agency closest to you, click the button at the bottom.
Buethe and Associates Insurance Agency
2337 S 13th St – Lincoln, NE 68542 – (402) 474-2063
Zimmer Insurance Group
3230 S 13th St – Lincoln, NE 68502 – (402) 423-6262
American Family Insurance – James L. Brown Agency Inc
4500 Cornhusker Hwy Ste 1 – Lincoln, NE 68504 – (402) 465-0748
Farmers Insurance – Ken Richards
3100 O St #3 – Lincoln, NE 68510 – (402) 420-5355
UNICO Group
1128 Lincoln Mall #200 – Lincoln, NE 68508 – (402) 434-7200