Buying the cheapest coverage for a Jeep Grand Cherokee in Massachusetts relies on a lot of things such as the safety rating for your Grand Cherokee, if you have a tendency to file claims, and whether or not you are a good driver. Massachusetts drivers pay approximately $890 a year to insure their Grand Cherokee, but that price is an approximation calculated using a 30-year-old married male driver with full physical damage coverage and $500 deductibles.
Most likely you aren’t exactly 30 years old or even a male, possibly single instead of married, and you need different coverage limits than the sample rates. Just a slight change in the rating criteria used to formulate rates can result in a big discrepancy in the cost of insurance.
The different assumptions illustrate why the best method for finding cheap insurance prices for your Jeep is to do the rate comparisons yourself.
Vehicle trim level impacts the cost of coverage, so the price to insure a Grand Cherokee Laredo 2WD will be $90 less than the insurance cost for the fancier Grand Cherokee SRT-8 4WD version, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$210||$350||$334||$20||$100||$1,014||$85|
|Grand Cherokee Laredo 4WD||$210||$350||$334||$20||$100||$1,014||$85|
|Grand Cherokee Limited 2WD||$236||$414||$334||$20||$100||$1,104||$92|
|Grand Cherokee Limited 4WD||$236||$414||$334||$20||$100||$1,104||$92|
|Grand Cherokee SRT-8 4WD||$236||$414||$334||$20||$100||$1,104||$92|
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price information does not factor in specific location information which can decrease or increase prices greatly.
Comparing rates for cost effective auto insurance is not the easiest thing to accomplish, and determining which insurers offer the best car insurance rates for a Jeep Grand Cherokee involves even more shopping around. Each insurer uses a little different formula for determining prices, so let’s begin by examining the overall cheapest car insurance companies in Boston, MA.
Find Cheaper Auto Insurance for Your Jeep
|Rank||Company||Cost Per Year|
|2||National Grange Mutual||$807|
|8||Norfolk and Dedham||$1,036|
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State Farm quotes some of the cheapest car insurance rates in Boston at around $719 annually. This is $516 less than the average policy premium paid by Massachusetts drivers of $1,235. National Grange Mutual, GEICO, Commerce Group, and OneBeacon also make the cut as some of the most economical Boston, MA insurance companies.
As shown in the rates above, if you are insured with Commerce Group and switched to National Grange Mutual, you may see a yearly price reduction of in the vicinity of $68. Customers with OneBeacon could save as much as $105 a year, and Arbella customers might realize rate reductions of up to $193 a year.
If you want to see how much you could save, click here to start your custom quote or click through to the companies below.
Remember that these prices are averaged across all insureds and vehicles and do not factor in a specific zip code for a Jeep Grand Cherokee. So the insurer that is most affordable for your situation may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.
Types of discounts on Boston auto insurance
Insurance companies that provide policies for a Jeep Grand Cherokee may also give you price discounts that could potentially reduce rates by as much as 35% if you qualify for them. A few of the larger companies and their offered discounts are:
- Travelers policyholders can earn discounts including early quote, multi-policy, student away at school, multi-car, driver training, and good student.
- 21st Century has discounts for student driver, 55 and older, good student, driver training, theft prevention, and automatic seat belts.
- State Farm offers discounts including Steer Clear safe driver discount, multiple policy, Drive Safe & Save, good driver, safe vehicle, and multiple autos.
- GEICO has savings for multi-policy, anti-lock brakes, federal employee, membership and employees, emergency military deployment, driver training, and daytime running lights.
- SAFECO offers premium reductions for teen safety rewards, accident prevention training, safe driver, anti-theft, and homeowner.
- AAA may include discounts for good driver, education and occupation, multi-car, anti-theft, pay-in-full, and good student.
The diagram below compares annual premium costs with and without policy discounts. The costs are based on a female driver, no accidents or driving violations, Massachusetts state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, marriage, passive restraint, vehicle safety, multiple policy, and defensive driving course discounts applied. In this example, theaverage amount saved on car insurance for a Jeep Grand Cherokee is 28% or $595.
The illustration below shows how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for a Jeep Grand Cherokee. The data is based on a married female driver, full coverage, and no other discounts are factored in.
In the chart above, a 50-year-old driver could pocket $318 a year by increasing from a $100 deductible up to a $500 deductible, or save $480 by using a $1,000 deductible. Younger drivers, like the age 20 example, could save as much as $788 or more by using higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it’s a good idea to have emergency funds available to cover the extra out-of-pocket expense, which deters some people from using high deductibles.
Car insurance rates are higher with tickets and accidents
The recommended way to obtain the cheapest car insurance prices in Boston for a Grand Cherokee is to drive attentively and avoid accidents and traffic citations. The illustration below shows how violations and at-fault collisions influence yearly insurance costs for different age categories. The data is based on a single female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the example above, the average cost of car insurance in Massachusetts per year with no accidents or violations is $2,148. Factor in one speeding ticket and the average cost increases to $2,433, an increase of $285 each year. Then include one accident along with the one speeding ticket and the 12-month cost of car insurance for a Jeep Grand Cherokee increases to an average of $3,240. That’s an increase of $1,092, or $91 per month, just for being a less-than-perfect driver!