How Much Does 2004 Jeep Grand Cherokee Insurance Cost?

No one anticipates paying for insurance, particularly when it costs too dang much.

Popular companies such as State Farm, Progressive and Geico constantly bombard you with ad campaigns and it is difficult to ignore the promise of big savings and find the best price available.

If you are paying for car insurance now, you should be able to save some money using these techniques. Buying car insurance is not rocket science. Nevertheless, vehicle owners need to learn how big insurance companies sell online because it can help you find the best coverage.

How to compare insurance rate quotes

The are a couple different ways to compare prices from many different insurance companies. The fastest way to do a complete rate comparison is simply to get online rate quotes. This is quite simple and can be completed using a couple different methods.

The most recommended method consumers can analyze rates is a comparison rater form like this one (opens in new window). This style of form keeps you from doing a different quote to each individual insurance company. In just a few minutes this one form gets rate comparisons from multiple low-cost companies.

A less efficient way to get comparison quotes is to manually visit each company website to request a price quote. For instance, we’ll assume you want to compare Allstate, Safeco and GMAC. You would be required to go to every website and type in your information over and over, which can get rather old. For a list of companies in your area, click here.

You can use whichever method you prefer to find lower rates, just compare apples-to-apples coverage limits and deductibles for every company. If your comparisons have different deductibles it’s impossible to find the best deal for your Jeep Grand Cherokee. Quoting even small variations in insurance coverages may result in a large different in cost. And when comparison shopping, more quotes will enable you to find more affordable insurance.

Do you qualify for discount auto insurance?

Car insurance is not cheap, but there are discounts available that many people don’t even know exist. Some discounts apply automatically when you complete an application, but less common discounts must be asked about prior to receiving the credit. If you aren’t receiving every discount you deserve, you could be paying more than you need to.

  • Paper-free Discount – Certain companies may give you up to $50 for completing your application on their website.
  • Good Drivers – Insureds without accidents can save up to 40% or more on their auto insurance quote on Grand Cherokee insurance than their less cautious counterparts.
  • Good Students Pay Less – This discount may save as much as 25% on a auto insurance quote. This discount can apply until age 25.
  • Telematics Data Discounts – Insureds that choose to allow driving data collection to scrutinize driving habits by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease as long as they are good drivers.
  • Early Payment Discounts – By making one initial payment rather than paying monthly you may reduce your total bill.
  • Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle their seat belts can save up to 15% off the PIP or medical payment premium.
  • Driver Education Discount – It’s a good idea to have your young drivers enroll and complete driver’s education in school.

You should keep in mind that most discounts do not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears you could get a free auto insurance policy, companies wouldn’t make money that way. But any discount will help reduce the cost of coverage.

Larger auto insurance companies and some of the discounts are:

  • State Farm policyholders can earn discounts including good student, Drive Safe & Save, multiple autos, multiple policy, passive restraint, good driver, and student away at school.
  • Progressive discounts include online quote discount, multi-policy, continuous coverage, good student, multi-vehicle, online signing, and homeowner.
  • Progressive includes discounts for online quote discount, multi-vehicle, homeowner, multi-policy, and good student.
  • MetLife may include discounts for good student, defensive driver, good driver, claim-free, and multi-policy.
  • Farm Bureau has savings for 55 and retired, driver training, youthful driver, multi-policy, and safe driver.
  • Geico offers discounts for daytime running lights, driver training, good student, federal employee, emergency military deployment, military active duty, and air bags.
  • SAFECO offers discounts including teen safety rewards, multi-car, drive less, anti-lock brakes, accident prevention training, teen safe driver, and homeowner.

If you want cheaper auto insurance quotes, ask each company or agent to give you their best rates. Some discounts may not apply to policyholders in every state. To view auto insurance companies with discount auto insurance rates, click here.

What insurance coverages do I need?

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help you determine whether or not you might need professional guidance.

  • Should I buy only the required minimum liability coverage?
  • What should my uninsured motorist coverage limits be in my state?
  • If my 2004 Jeep Grand Cherokee is totaled, can I afford another vehicle?
  • What is no-fault insurance?
  • What is the ISO rating for a 2004 Jeep Grand Cherokee?
  • Am I covered if I wreck a rental car?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.

Why you might pay inflated rates

Many factors are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, but other criteria are more transparent such as whether you are married or your vehicle rating.

Shown below are some of the factors companies use to determine premiums.

  • Advanced GPS tracking and theft deterrents – Owning a car with an alarm system can help lower your rates. Theft prevention features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft and help lower rates.
  • Be proud to be claim-free – Insurance companies provide better rates to insureds who do not rely on their insurance for small claims. If you file claims often, you can expect increased rates or even have your policy non-renewed. Insurance coverage is intended for more catestrophic claims.
  • Annual mileage impacts premiums – The more miles you rack up on your Jeep annually the more you will pay for car insurance. Most companies calculate rates determined by how the vehicle is used. Cars that are left in the garage cost less to insure than those that get driven frequently. An incorrectly rated Grand Cherokee can cost quite a bit. Ask your agent if your car insurance policy shows annual mileage, because improper ratings can cost you money.
  • Save money by raising coverage deductibles – Insurance for physical damage, also called ‘full coverage’, covers your vehicle from damage. Examples of covered claims would be a broken side mirror, vandalism, and windstorm damage. Your deductibles define the amount the insured will be required to pay if the claim is covered. The larger the amount you pay before a claim is paid (deductible), the bigger discount you will receive on Grand Cherokee insurance.
  • Bad drivers pay high prices – Just one speeding ticket may increase your cost by twenty percent. Attentive drivers have lower premiums compared to bad drivers. Drivers who have multiple violations like DUI, reckless driving or excessive speeding might be required by their state to file a SR-22 with their state motor vehicle department in order to continue driving.
  • Younger drivers are expensive to insure – Inexperience drivers tend to get distracted easily when at the wheel of a vehicle and because of this, their car insurance rates are much higher. Adding a youthful driver onto a policy can be very expensive. Older insureds are more cautious drivers, tend to file fewer claims , and are generally more financially stable.

Brand name doesn’t guarantee savings

Popular insurance providers such as State Farm and Allstate seem to constantly run ads on TV and radio. All the ads have a common claim about how much you will save just by moving your policy. How is it plausible that every one can offer drivers better rates? You have to listen carefully.

Insurance providers have underwriting criteria for the type of insured that will not have excessive claims. For example, a preferred risk might be described as a married female, has other policies, and has great credit. Anybody who meets those qualifications will get very good car insurance rates as well as save quite a bit of money when switching.

Potential customers who fall short of this stringent profile will probably have to pay a more expensive rate which leads to business going elsewhere. The ads state “people who switch” but not “everyone who gets a quote” will save that much if they switch. That’s why insurance companies can confidently make it sound like they have such great rates.

That is why you absolutely need to compare price quotes frequently. It is impossible to predict which company will have the lowest rate quotes.

Auto insurance coverage breakdown

Learning about specific coverages of auto insurance aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average auto insurance policy.

Comprehensive auto coverage – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, theft, hail damage, hitting a deer and fire damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and also any damage incurred to your Jeep Grand Cherokee.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Frequently these limits are similar to your liability insurance amounts.

Liability car insurance – Liability coverage will cover damage or injury you incur to other’s property or people in an accident. It protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as emergency aid, legal defense fees and attorney fees. How much liability coverage do you need? That is your choice, but buy as much as you can afford.

Collision coverages – This coverage will pay to fix damage to your Grand Cherokee caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as crashing into a building, colliding with another moving vehicle, scraping a guard rail and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for dental work, pain medications and EMT expenses. The coverages can be utilized in addition to your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Compare but don’t skimp

You just read many ways to reduce 2004 Jeep Grand Cherokee insurance premium rates online. The most important thing to understand is the more companies you get prices for, the better chance you’ll have of finding cheap auto insurance. You may even discover the best premium rates are with a company that doesn’t do a lot of advertising. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Progressive or Geico.

While you’re price shopping online, it’s not a good idea to buy poor coverage just to save money. In too many instances, consumers will sacrifice collision coverage only to regret that it was a big mistake. Your objective should be to get the best coverage possible for the lowest cost while still protecting your assets.

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