Compare Jeep Grand Cherokee Insurance Quotes in Durham

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Insurance for Jeep Grand CherokeeThink you have an overpriced auto insurance policy? Trust us when we tell you many Durham drivers have buyer's remorse.

Unbelievably, 70% of consumers have purchased from the same company for at least the last four years, and approximately 38% of consumers have never compared rate quotes at all. Many consumers in Durham could save up to $90 a year just by shopping around, but they just don't understand the amount of money they would save if they changed companies. Because you have many companies and agents to choose from, it's nearly impossible to find the best auto insurance provider.

Consumers should take time to price shop coverage on a regular basis since prices fluctuate regularly. Just because you found the best deal on Jeep Grand Cherokee insurance in Durham a few years ago a different company probably has better premium rates today. Forget anything you know (or think you know) about auto insurance because you're about to learn the quickest way to find better coverage on Jeep Grand Cherokee insurance in Durham at a better price.

The quickest method to get rate comparisons for Jeep Grand Cherokee insurance in Durham is to know the trick car insurance companies provide online access to give you rate quotes. All consumers are required to do is provide a small amount of information such as an estimate of your credit level, whether you drive to work or school, if you have a valid license, and driver ages. The rating information is submitted instantly to multiple different insurance companies and they provide comparison quotes almost instantly.

If you would like to compare rates now, click here and enter the information requested.

The providers in the list below are our best choices to provide free rate quotes in North Carolina. To buy the cheapest car insurance in Durham, we recommend you get rate quotes from several of them to get the cheapest price.

Three reasons to insure your Jeep Grand Cherokee

Despite the high cost of buying insurance for a Jeep Grand Cherokee in Durham, buying car insurance may be required for several reasons.

First, the majority of states have mandatory liability insurance requirements which means the state requires a specific minimum amount of liability insurance coverage in order to drive the car legally. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you have a lien on your Jeep Grand Cherokee, almost every bank will make it mandatory that you carry insurance to ensure loan repayment if the vehicle is totaled. If you default on your policy, the lender will be forced to insure your Jeep for a lot more money and require you to reimburse them a much higher amount than you were paying before.

Third, insurance safeguards both your Jeep Grand Cherokee and your personal assets. It also can pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. Liability coverage also covers legal expenses if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car outweigh the cost, especially with large liability claims. But the average American driver overpays more than $830 a year so compare rates at every renewal to ensure rates are inline.

Insurance data for a Jeep Grand Cherokee

The information displayed next highlights different policy rates for Jeep Grand Cherokee models. Learning more about how rates are calculated is important for drivers to make smart choices when buying a policy.

Jeep Grand Cherokee Insurance Rates in Durham, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $102 $200 $282 $16 $84 $684 $57
Grand Cherokee Laredo 4WD $102 $200 $282 $16 $84 $684 $57
Grand Cherokee Limited 2WD $116 $236 $282 $16 $84 $734 $61
Grand Cherokee Limited 4WD $116 $236 $282 $16 $84 $734 $61
Grand Cherokee SRT-8 4WD $116 $236 $282 $16 $84 $734 $61
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Price estimates do not factor in specific garaging location which can alter rates substantially.

Insurance deductibles

One of the most common insurance questions is where to set your physical damage deductibles. The following insurance rates can help show the differences in price between high and low insurance deductibles. The first pricing table uses a $100 deductible for physical damage and the second pricing table uses a $500 deductible.

Jeep Grand Cherokee insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $214 $386 $250 $14 $74 $963 $80
Grand Cherokee Laredo 4WD $214 $386 $250 $14 $74 $963 $80
Grand Cherokee Limited 2WD $242 $456 $250 $14 $74 $1,061 $88
Grand Cherokee Limited 4WD $242 $456 $250 $14 $74 $1,061 $88
Grand Cherokee SRT-8 4WD $242 $456 $250 $14 $74 $1,061 $88
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Jeep Grand Cherokee insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $156 $262 $250 $14 $74 $756 $63
Grand Cherokee Laredo 4WD $156 $262 $250 $14 $74 $756 $63
Grand Cherokee Limited 2WD $176 $308 $250 $14 $74 $822 $69
Grand Cherokee Limited 4WD $176 $308 $250 $14 $74 $822 $69
Grand Cherokee SRT-8 4WD $176 $308 $250 $14 $74 $822 $69
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Price estimates do not factor in Durham location which can influence insurance rates significantly.

We can derive from the above data that using a $100 deductible costs approximately $18 more each month or $216 annually than quoting the higher $500 deductible. Because you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at least 22 months between claim filings, you would come out ahead if you elect the higher deductible. The table below illustrates the way you can do this calculation yourself.

Average monthly premium for $100 deductibles: $85
Average monthly premium for $500 deductibles (subtract): - $67
Monthly savings from raising deductible: $18
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $18
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 22 months

One thing to note is that increasing deductibles to save money results in a higher out-of-pocket expense when you have a claim. That will necessitate enough money put aside in the event you need to pay more for the deductible.

Does it make sense to buy full coverage?

The information below shows the difference between Jeep Grand Cherokee auto insurance costs with full coverage and liability only. The premium estimates are based on no claims or violations, $1,000 deductibles, single status, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no definitive guideline to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let's say your Jeep Grand Cherokee claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after paying your policy deductible. If premiums are more than $800 a year to have full coverage, then it may be the right time to buy liability only.

There are some conditions where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to keep full coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Get discounts to get affordable Durham car insurance quotes

Car insurance is not inexpensive, but you may find discounts that can drop the cost substantially. Certain discounts will be triggered automatically at the time you complete a quote, but lesser-known reductions have to be manually applied prior to receiving the credit. If they aren't giving you every credit available, you're just leaving money on the table.Car insurance discounts

  • Defensive Driver Discounts - Taking a course that instructs on driving safety can save you 5% or more if your company offers it.
  • Early Renewal Discounts - A few insurance companies give discounts for renewing your policy early. This discount can save up to 10%.
  • Good Students Pay Less - Getting good grades may save as much as 25% on a Durham car insurance quote. Many companies even apply the discount to college students up to age 25.
  • Payment Method - By paying your policy upfront instead of making monthly payments you can avoid monthly service charges.
  • Military Deployment Discount - Having a family member in the military may qualify for rate reductions.
  • Discount for Life Insurance - Some insurance carriers give lower premium rates if you buy auto and life insurance together.
  • Theft Deterrent Discount - Cars optioned with advanced anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Discount for Home Ownership - Owning a home in Durham can save a few bucks since owning and maintaining a home is proof that your finances are in order.

As a sidenote, most credits do not apply to the entire policy premium. Most cut individual premiums such as medical payments or collision. So despite the fact that it appears you can get free auto insurance, you aren't that lucky.

The example below visualizes the comparison of Jeep Grand Cherokee auto insurance costs with and without discounts applied to the policy rates. Data assumes a female driver, a clean driving record, no at-fault accidents, North Carolina state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, multi-car, claim-free, safe-driver, and marriage discounts applied.

A list of car insurance companies and some of their more popular discounts are:

  • State Farm offers premium reductions for student away at school, passive restraint, multiple policy, defensive driving training, Drive Safe & Save, anti-theft, and driver's education.
  • Liberty Mutual includes discounts for newly married, multi-car, hybrid vehicle, teen driver discount, and exclusive group savings.
  • American Family may have discounts that include good driver, accident-free, good student, bundled insurance, defensive driver, and multi-vehicle.
  • Progressive offers discounts including online signing, multi-policy, good student, online quote discount, multi-vehicle, homeowner, and continuous coverage.
  • Farmers Insurance has discounts for bundle discounts, early shopping, mature driver, teen driver, business and professional, good student, and electronic funds transfer.
  • Auto-Owners Insurance has savings for paid in full, paperless, teen driver, multiple vehicles, student away at school, anti-theft, and mature driver.
  • SAFECO offers discounts for safe driver, teen safe driver, homeowner, drive less, accident prevention training, and teen safety rewards.

It's a good idea to ask each company or agent which discounts you qualify for. Savings may not apply to policyholders everywhere. To locate car insurance companies that offer many of these discounts in North Carolina, click here to view.

North Carolina auto insurance company ratings

Ending up with a good quality car insurance provider can be challenging considering how many companies there are to choose from in Durham. The information in the next section can help you select which companies to look at buying from.

Top 10 Durham Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Top 10 Durham Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family