2003 Jeep Grand Cherokee Insurance Quotes

Having to pay for expensive Jeep Grand Cherokee insurance can deplete your budget and force you to cut corners elsewhere. Comparing rate quotes can help to tighten up your finances.

Due to the large number of companies to choose from, it can be impossible to choose the cheapest auto insurance provider.

It’s important to get comparison quotes quite often since insurance prices are constantly changing. Even if you got the lowest rate on Grand Cherokee coverage a couple years back you can probably find a lower rate today. Block out anything you think you know about auto insurance because you’re about to find out the things you must know in order to find better coverage at a better price.

The most recommended method to compare insurance rates from multiple companies is to take advantage of the fact car insurance companies provide online access to provide you with a free rate quote. To start a quote, the only thing you need to do is spend a couple of minutes providing details like if your license is active, whether you drive to work or school, distance driven, and how much education you have. Those rating factors is instantly sent to multiple top-rated companies and you will get price comparisons within a short period of time.

Cheaper insurance rates with discounts

Insurance is easily one of your largest bills, but you may find discounts that you may not even know about. Certain credits will be shown at the time of quoting, but some need to be asked about in order for you to get them. If you’re not getting every credit you deserve, you’re paying more than you need to.

  • Buy New and Save – Insuring a vehicle that is new can save up to 30% because new model year vehicles keep occupants safer.
  • Drive Safe and Save – Accident-free drivers may receive a discount up to 45% on Grand Cherokee coverage compared to accident prone drivers.
  • Military Rewards – Having a deployed family member could mean lower premium rates.
  • Driving Data Discount – Insureds that choose to allow driving data submission to analyze their driving habits by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction if they exhibit good driving behavior.
  • Own a Home – Owning your own home or condo can save a few bucks because it shows financial diligence.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, it’s just not the way it works. Any qualifying discounts will definitely reduce your overall bill.

Some companies that may have many of the previously listed discounts include:

If you need lower rates, check with every insurance company which discounts you qualify for. Some discounts may not apply to policyholders in every state. To see insurers who offer online insurance quotes, click here.

Smart choices result in lower insurance premiums

Part of the insurance coverage buying process is learning the rating factors that play a part in calculating the price you pay for insurance coverage. When you understand what controls the rates you pay, this enables informed choices that could result in lower insurance coverage prices.

The factors shown below are a few of the “ingredients” that factor into premiums.

  • Insurance coverage rates can be impacted by your employer – Occupational choices like real estate brokersair traffic controllers and accountants usually pay higher average rates attributed to stressful work requirements and long work days. On the other hand, occupations such as actors, athletes and performers receive lower rates on Grand Cherokee coverage.
  • Single drivers take more risk – Having a wife or husband helps lower the price on your insurance coverage bill. Marriage generally demonstrates drivers are more responsible and statistics show married drivers tend to have fewer serious accidents.
  • Cautious drivers pay better rates – Even one chargable violation can bump up the cost twenty percent or more. Good drivers have lower premiums as compared to those with violations. Drivers who have severe tickets such as DUI, reckless driving or excessive speeding may need to complete a SR-22 with their state motor vehicle department in order to keep their license.
  • Can a thief steal your car? – Choosing a vehicle that has a built-in theft deterrent system can save you some money. Advanced theft deterrents such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your car from being stolen.
  • Compare rates if you combine your policies – Most insurers provide lower prices to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to as much as ten percent or more Even with this discount applied, consumers should still compare other company rates to help guarantee you have the best rates.
  • Don’t let your insurance coverage policy lapse – Driving with no insurance can get your license suspended and your next policy will cost more because you let your coverage lapse. Not only will rates go up, getting caught without coverage could earn you fines and jail time.
  • Liability protection is critical – The liability coverage on your policy provides coverage if a court rules you are at fault for damages caused by your negligence. It will provide for a legal defense to defend your case. Liability is cheap when compared to the cost of physical damage coverage, so drivers should carry high limits.

Tailor your insurance coverage coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions can help discover if your situation might need professional guidance.

  • How high should my medical payments coverage be?
  • Who is covered when they drive my 2003 Jeep Grand Cherokee?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Am I covered if I break a side mirror?
  • When should I not file a claim?
  • Should I rate my 2003 Jeep Grand Cherokee as pleasure use or commute?
  • Why am I required to get a high-risk car insurance policy?
  • Does my car insurance cover rental cars?
  • Does my policy cover my teen driver if they drive my company car?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Don’t be fooled by advertising claims

Respected companies like State Farm and Allstate continually stream ads in print and on television. They all advertise the message that drivers can save some big amount if you move your insurance coverage to their company. How does every company offer drivers better rates? It’s all in the numbers.

All the different companies have specific characteristics for the type of customer that will generate a profit. For example, this type of insured should be between 25 and 40, has a low-risk occupation, and drives less than 5,000 miles a year. A customer getting a price quote that matches those criteria will get a cheap rate quote and will cut their rates if they switch.

Potential insureds who do not meet these stringent criteria will have to pay higher premiums and this results in the customer not buying. If you listen closely, the ads state “drivers that switch” not “all people who quote” save that kind of money. That’s why companies can claim big savings.

Each company has different criteria, so you absolutely need to get as many free insurance quotes as possible. Because you cannot predict which insurance companies will give you the biggest savings.

Insurance coverages explained

Learning about specific coverages of your policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.

Liability auto insurance – Liability coverage protects you from damage or injury you incur to people or other property in an accident. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as repair bills for other people’s vehicles, emergency aid and bail bonds. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Usually the UM/UIM limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance pay for bills like hospital visits, ambulance fees, rehabilitation expenses, pain medications and surgery. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Comprehensive auto coverage – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers things like hitting a bird, damage from getting keyed, damage from a tornado or hurricane and hitting a deer. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like scraping a guard rail, crashing into a ditch, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.

Final considerations

We’ve covered many tips how you can lower your 2003 Jeep Grand Cherokee insurance car insurance rates. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even find the biggest savings come from a small local company. They may have significantly lower premium rates on certain market segments than their larger competitors like State Farm or Progressive.

Cost effective 2003 Jeep Grand Cherokee insurance can be sourced from both online companies and from local insurance agents, and you need to price shop both to have the best selection. There are still a few companies who may not have online quoting and these regional carriers only sell coverage through independent agents.

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