The national average cost of auto insurance for full coverage is $ 1,674 per year, according to Bankrate’s 2021 Average Premiums Study. However, the actual cost will depend heavily on the make and model of the vehicle you are insuring. Bankrate looked at the annual cost of auto insurance for Jeeps to determine the impact of different models on the amount you pay in premiums.
In addition to the make and model, the insurance company and the coverage options you select for a policy also influence costs. Understanding the impact of each of these factors on Jeep insurance can help you determine the true cost of ownership and decide which model is best for your financial situation.
Models included in this review:
- Jeep grand cherokee
- Jeep wrangler
How much does insurance for a Jeep cost?
Although $ 1,674 per year is the average cost of insurance in the United States, based on Quadrant Information Services’ current rates, a number of factors affect the overall cost. The rates vary from one insurer to another. Insurers use several considerations to assess the risk level of the vehicle and the driver, which ultimately impacts your final rate. Considerations include:
- Accident rate statistics by make / model – The Jeep Grand Cherokee and Jeep Wrangler for the most part receive “Good” safety ratings from the Insurance Institute for Highway Safety (IIHS). Safety ratings are generally assessed by insurers to assess overall risk.
- Parts prices – With Jeep vehicles made domestically rather than overseas, the price of parts could be cheaper than foreign vehicles. Insurers take this into account when estimating how much it would cost for spare parts.
- Safety devices – Improved safety features can help lower overall auto insurance costs for Jeeps. The Jeep Grand Cherokee and Jeep Wrangler include options such as blind spot monitoring and rear cross road detection to better assist the driver.
Auto insurance for a Jeep: by model
Auto insurance costs vary for each person, depending on their particular situation and driving history. However, the brand and model they insure have a significant impact on the overall cost. Understanding this impact can help a driver make a more informed decision about vehicle ownership and choosing an insurance company.
Auto insurance for Jeep Grand Cherokee
The Jeep Grand Cherokee costs an average of $ 1,531 per year to be insured with full coverage. The number of safety devices and the positive accident rate statistics can help keep costs down for this model.
|Jeep Grand Cherokee auto insurance||Average annual premium|
|Minimum coverage||$ 516|
|Full coverage||$ 1,531|
Auto insurance for Jeep Wrangler
While the Jeep Wrangler’s average minimum coverage cost closely matches that of the Jeep Grand Cherokee, its average full coverage rate is significantly lower. Full coverage of the Jeep Wrangler is on average well below both the Jeep Grand Cherokee and the national average. The 4-door version receives mostly “Good” IIHS safety ratings, which may contribute to its lower cost.
|Jeep Wrangler Auto Insurance||Average annual premium|
|Minimum coverage||$ 517|
|Full coverage||$ 1,358|
The cheapest auto insurance companies for Jeeps
The table below illustrates how the rates can vary for the same brand and the same model between different insurers. USAA and Erie offer some of the lower rates for the two models on our list, while State Farm is the higher average rate. Keep in mind that your rates may be higher or lower, depending on where you live, your driving history, and your claims.
Average annual premium for full coverage per model
|Auto insurance company||Jeep grand cherokee||Jeep wrangler|
|Erie||$ 1,255||$ 1,124|
|Geico||$ 1,329||$ 1,125|
|State farm||$ 1,348||$ 1,283|
|United States||$ 1,201||$ 1,094|
Jeep Features That Impact Insurance Costs
Jeep insurance costs may be higher or lower depending on the features included with the vehicle. While some are optional, there are some standard features on both models that could help keep bounties more manageable, such as:
- ProTech I: This system is standard on all Jeep Grand Cherokee models and includes blind spot warnings, rear cross-path monitoring and a rear reversing camera. These features provide an additional level of safety when using the vehicle.
- Airbags: The Jeep Grand Cherokee is equipped with seven air bags for added protection. The Jeep Wrangler includes front and side air bags, which contributes to overall vehicle safety and insurance costs.
- Parking assistance : Both models include options for the parking assist function. The feature uses sensors to alert you if your vehicle is getting too close to another vehicle or object when backing into a parking space.
Other auto insurance coverage for a Jeep
The make and model of the vehicle and the insurance provider you choose are all major contributors to the overall cost of auto insurance for Jeeps. The coverage options you select also influence premiums, as you can select more coverage to create a stronger policy for you and your Jeep. Each state has its own minimum insurance requirements to protect other drivers behind the wheel. However, most financial experts agree that you should buy more than the bare minimum required in order to benefit from greater financial protection.
One option is to purchase full coverage instead of the minimum. Comprehensive coverage includes comprehensive coverage and collision coverage, which can cover physical damage to your Jeep due to a covered accident or other event, such as theft. You may also want to consider coverage for uninsured / underinsured motorists and coverage for medical payments to make a comprehensive coverage policy even more beneficial.
Another commonly available option is gap insurance, which can be beneficial if you are leasing or financing a newer vehicle. It pays the “gap” between the amount you owe on a newer vehicle and the value that the insurance company determines the value of the vehicle. The difference could be significant if you total your vehicle and still owe a significant amount on the loan compared to the depreciated market value of your car.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used a minimum coverage that meets the requirements of each state. Our base profile drivers own a 2019 Jeep of the following model types, commute five days a week, and travel 12,000 miles a year:
- Jeep grand cherokee
- Jeep wrangler
These are sample rates and should be used for comparison purposes only.