It takes a few minutes, but the best way to save on Jeep Grand Cherokee insurance in Boston is to compare prices at least once a year from providers who sell auto insurance in Massachusetts.
- Step 1: Get a basic knowledge of the coverage provided by your policy and the things you can control to prevent rate increases. Many policy risk factors that drive up the price such as distracted driving and a substandard credit history can be eliminated by making lifestyle changes or driving safer. This article gives additional tips to help prevent high rates and earn a bigger discount.
- Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and Allstate, while independent agencies can provide price quotes from multiple sources. Click to view companies
- Step 3: Compare the price quotes to your current policy to determine if switching companies saves money. If you find a lower rate and change companies, verify that coverage does not lapse between policies.
One tip to remember is to compare the same physical damage deductibles and liability limits on every quote and and to analyze every company you can. This helps ensure a level playing field and many rates to choose from.
Sad but true, almost 70% of insureds in Massachusetts have been with the same company for four years or more, and almost half have never compared rate quotes at all. U.S. drivers can save roughly $860 each year by just comparing rate quotes, but most just don't grasp the benefits if they switched to a cheaper policy.
The quickest way to compare car insurance company rates for Jeep Grand Cherokee insurance in Boston is to take advantage of the fact most insurance companies will pay a fee to provide you with a free rate quote. All consumers are required to do is provide a little information including how you use your vehicles, whether your vehicle is owned or leased, how old drivers are, and an estimate of your credit level. Those rating factors is sent automatically to multiple different insurance companies and you receive quotes almost instantly.
To find lower lower-cost Jeep Grand Cherokee insurance rates now, click here and complete the form.
The auto insurance companies shown below are ready to provide comparison quotes in Boston, MA. If you want to find cheaper car insurance in Massachusetts, it's highly recommended you get price quotes from several of them to get a more complete price comparison.
Why do I need car insurance?
Even though it can be expensive, insurance is required by state law in Massachusetts and it also provides benefits you may not be aware of.
- Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to be legal. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Jeep has a loan, it's most likely the lender will stipulate that you have insurance to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Jeep for a much higher rate and require you to fork over a much higher amount than you were paying before.
- Insurance protects your car and your assets. It will also provide coverage for most medical and hospital costs incurred in an accident. Liability coverage will also pay attorney fees if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your car more than offset the price you pay, especially when you need to use it. The average driver in Massachusetts overpays as much as $830 a year so you should quote rates at every renewal to ensure rates are inline.
Premium rates and analysis
The table displayed next covers detailed analysis of rate quotes for Jeep Grand Cherokee models. Having a good understanding how insurance prices are figured can help customers make smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$328||$520||$438||$26||$132||$1,444||$120|
|Grand Cherokee Laredo 4WD||$328||$520||$438||$26||$132||$1,444||$120|
|Grand Cherokee Limited 2WD||$370||$612||$438||$26||$132||$1,578||$132|
|Grand Cherokee Limited 4WD||$370||$612||$438||$26||$132||$1,578||$132|
|Grand Cherokee SRT-8 4WD||$370||$612||$438||$26||$132||$1,578||$132|
|Get Your Own Custom Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Massachusetts minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Price estimates do not factor in specific garaging location which can decrease or increase premium rates substantially.
Should you buy full coverage?
The example below compares Jeep Grand Cherokee insurance costs with full coverage compared to only the Massachusetts minimum liability coverage. The rate quotes are based on no claims or violations, $100 deductibles, marital status is single, and no policy discounts are applied.
When to stop buying full coverage
There is no clear-cut formula of when to eliminate comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
For example, let's pretend your Jeep Grand Cherokee settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $6,000 after you pay the deductible. If you are paying in excess of $600 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where dropping physical damage coverage is not a good plan. If you haven't paid off your loan, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can't afford to buy a different vehicle in case of an accident, you should keep full coverage on your policy.
Do you qualify for discounts?
Some insurance providers don't always publicize every policy discount very clearly, so we researched both well-publicized and the harder-to-find credits that you can use to lower your rates.
- Payment Discounts - By paying your policy upfront rather than paying in monthly installments you may reduce your total bill.
- Onboard Data Collection - People who choose to allow data collection to analyze vehicle usage by installing a telematics device such as State Farm's In-Drive might see lower rates as long as they are good drivers.
- Seat Belts Save - Drivers who require all occupants to wear their seat belts may be able to save a few bucks off the PIP or medical payment premium.
- Resident Student - Older children living away from Boston attending college and do not have a car may be able to be covered for less.
- Student Discount for Driver Training - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class as it can save substantially.
- Senior Citizen Rates - Seniors are able to get a small decrease in premiums.
- E-sign Discounts - A handful of companies provide a small discount for signing up on the web.
- Theft Deterrent - Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
- Military Discounts - Having a deployed family member could mean lower prices.
As a disclaimer on discounts, some of the credits will not apply to the whole policy. Most only apply to individual premiums such as comp or med pay. Just because it seems like you can get free auto insurance, it doesn't quite work that way. But any discount will definitely lower the premium cost.
The example below shows the difference between Jeep Grand Cherokee annual premium costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no claims or driving citations, Massachusetts state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, safe-driver, multi-car, marriage, and multi-policy discounts applied.
Large car insurance companies and a summarized list of policyholder discounts can be read below.
- GEICO may offer discounts for multi-vehicle, anti-lock brakes, seat belt use, five-year accident-free, anti-theft, and multi-policy.
- Travelers offers premium reductions for hybrid/electric vehicle, home ownership, multi-policy, early quote, IntelliDrive, good student, and student away at school.
- Farm Bureau may have discounts that include youthful driver, driver training, safe driver, 55 and retired, multi-vehicle, good student, and multi-policy.
- Liberty Mutual has discounts for multi-policy, hybrid vehicle, exclusive group savings, newly married, and safety features.
- American Family policyholders can earn discounts including early bird, bundled insurance, good driver, Steer into Savings, accident-free, air bags, and good student.
- Progressive includes discounts for continuous coverage, multi-policy, multi-vehicle, online signing, online quote discount, homeowner, and good student.
If you need lower rates, check with all companies you are considering the best way to save money. Discounts may not apply everywhere.