Sad but true, most auto insurance customers have purchased from the same company for more than four years, and approximately 40% of consumers have never even shopped around for cheap coverage. With the average premium in North Carolina being $980, drivers could save an average of 10% each year by just comparing quotes, but most tend to underestimate the big savings they would realize if they moved their coverage to a different company.
The most effective way to get affordable Jeep Grand Cherokee insurance in Raleigh is to compare prices at least once a year from insurance carriers who sell auto insurance in North Carolina.
- First, try to learn a little about how car insurance works and the things you can control to keep rates in check. Many things that increase rates like speeding tickets, careless driving and a negative credit score can be remedied by improving your driving habits or financial responsibility. Keep reading for more ideas to prevent expensive rate increases and find more discounts that you may not know about.
- Second, compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO or Allstate, while agents who are independent can quote prices from many different companies. Compare rates now
- Third, compare the new rate quotes to your existing coverage and see if there is a cheaper rate. If you find a lower rate, ensure there is no coverage lapse between policies.
- Fourth, notify your company or agent to cancel your current policy. Submit the signed application along with the required initial payment to your new insurance company. Once received, place the new certificate verifying coverage in an easily accessible location in your vehicle.
A tip to remember is to make sure you enter the same physical damage deductibles and liability limits on each quote request and to quote with every insurance company. This ensures a fair price comparison and a complete price analysis.
Comparison shopping for affordable policy in Raleigh is not as hard as you think. If you have coverage now or just want to reduce your rates, take advantage of these tips to reduce the price you pay without having to cut coverage. Smart buyers only need an understanding of the proper way to compare prices from many companies at once.
Best companies for low-cost Jeep Grand Cherokee insurance in North Carolina
The providers in the list below are ready to provide comparison quotes in North Carolina. If you want to find cheap auto insurance in North Carolina, we suggest you visit as many as you can to get the most affordable price.
Coverage analysis
The rate table displayed next highlights different coverage prices for Jeep Grand Cherokee models. Being more informed about how insurance policy premiums are figured can aid in making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $210 | $446 | $302 | $18 | $90 | $1,066 | $89 |
| Grand Cherokee Laredo 4WD | $210 | $446 | $302 | $18 | $90 | $1,066 | $89 |
| Grand Cherokee Limited 2WD | $238 | $524 | $302 | $18 | $90 | $1,172 | $98 |
| Grand Cherokee Limited 4WD | $238 | $524 | $302 | $18 | $90 | $1,172 | $98 |
| Grand Cherokee SRT-8 4WD | $238 | $524 | $302 | $18 | $90 | $1,172 | $98 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in specific garaging location which can revise price quotes greatly.
Deductible analysis
One of the more difficult decisions when buying auto insurance is at what level do you set your deductibles. The following tables determine the rate fluctuation of buying low and high policy deductibles. The first rate quote example uses a $100 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.
| 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 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Grand Cherokee Laredo 4WD | $118 | $204 | $250 | $14 | $74 | $660 | $55 |
| Grand Cherokee Limited 2WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Grand Cherokee Limited 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Grand Cherokee SRT-8 4WD | $134 | $240 | $250 | $14 | $74 | $712 | $59 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Information does not factor in specific location which can lower or raise price quotes substantially.
Based on the above data, using a $100 deductible will cost you approximately $28 more each month or $336 for a full year across all Jeep Grand Cherokee models than buying the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 32 months between claims, you would probably come out ahead if you choose a higher deductible.
How to calculate deductible break even period
| Average monthly premium for $100 deductibles: | $85 |
| Average monthly premium for $1,000 deductibles (subtract): | – $57 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 32 months |
The information below illustrates how your deductible choice and can raise or lower Jeep Grand Cherokee insurance premiums for different age groups of insureds. The premiums assume a married male driver, comp and collision included, and no discounts are applied.
Cautious Raleigh drivers save money
The example below illustrates how violations and accidents increase Jeep Grand Cherokee yearly insurance costs for different age groups of insureds. The premiums assume a married male driver, full coverage, $500 deductibles, and no policy discounts are applied.
Males versus Females
The chart below shows the comparison of Jeep Grand Cherokee insurance prices for male and female drivers. The rate quotes are based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, drivers are single, and no other discounts are factored in.
Comparison of full coverage and liability-only policies
The information below shows the comparison of Jeep Grand Cherokee yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no discounts are applied to the premium.
When to drop full coverage
There is no definitive formula of when to eliminate comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s assume your Jeep Grand Cherokee book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $5,000 after you pay the deductible. If you are paying in excess of $500 a year for full coverage, then it might be time to consider dropping full coverage.
There are some cases where removing full coverage is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Raleigh insurance discounts for a Jeep Grand Cherokee
Auto insurance companies don’t always list the entire discount list in an easy-to-find place, so we took the time to find some of the more common and also the lesser-known credits available to bring down your rates.
- Club Memberships – Being in specific professional or occupational memberships or organizations could trigger savings on auto insurance.
- Raleigh Homeowners Pay Less – Being a homeowner can save a few bucks since home ownership requires personal responsibility.
- Theft Deterrent Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10% off your Raleigh car insurance quote.
- Safe Driver Discounts – Safe drivers can save up to 40% or more on their Raleigh car insurance quote than less cautious drivers.
- Waiver for an Accident – Not really a discount, but a few companies such as Liberty Mutual, GEICO and Allstate will forgive one accident without getting socked with a rate hike if your claims history is clear for a particular time prior to the accident.
- Smart Student Discounts – Being a good student can earn a discount of 20% or more. Most companies allow this discount up to age 25.
- Payment Method – By paying your policy upfront instead of paying each month you can avoid monthly service charges.
Consumers should know that most discounts do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like medical payments or collision. Even though it appears adding up those discounts means a free policy, companies don’t profit that way.
The illustration below visualizes the comparison of Jeep Grand Cherokee annual premium costs with and without discounts being applied to the rates. The information is based on a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, multi-car, homeowner, safe-driver, and claim-free discounts applied.
A few popular companies and some of the discounts are detailed below.
- American Family offers premium reductions for defensive driver, air bags, TimeAway discount, bundled insurance, accident-free, and multi-vehicle.
- State Farm policyholders can earn discounts including accident-free, defensive driving training, good driver, safe vehicle, and student away at school.
- 21st Century may offer discounts for driver training, 55 and older, student driver, air bags, theft prevention, teen driver, and early bird.
- Travelers discounts include multi-car, student away at school, home ownership, driver training, hybrid/electric vehicle, early quote, and multi-policy.
- GEICO has savings for daytime running lights, military active duty, membership and employees, seat belt use, defensive driver, good student, and driver training.
If you need affordable Jeep Grand Cherokee insurance quotes, ask each company or agent which discounts you qualify for. Discounts may not apply to policies in every state. If you would like to choose from a list of insurance companies who offer online Jeep Grand Cherokee insurance quotes in Raleigh, click here to view.
When to get professional advice
When it comes to the right insurance coverage, there really isn’t a “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine if you may require specific advice.
- Am I getting all the discounts available?
- Do I need higher collision deductibles?
- Am I covered when pulling a rental trailer?
- Can I make deliveries for my home business?
- Is a new car covered when I drive it off the dealer lot?
- Does my Jeep Grand Cherokee qualify for pleasure use?
- Do I pay less if my vehicle is kept in my garage?
- Can my babysitter drive my car?
If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Insurance agencies near you
Many people just prefer to sit down with an agent and that can be a smart move Professional agents can help you build your policy and help submit paperwork. One of the great benefits of getting free rate quotes online is you may find the lowest rates and also buy local. Putting coverage with local insurance agencies is important especially in Raleigh.
Upon completion of this simple form, your coverage information gets sent to local insurance agents who will give competitive quotes for your insurance coverage. You won’t even need to contact any insurance agencies since price quotes are sent directly to your email. If you wish to quote rates from one company in particular, you can always find their quoting web page and fill out their quote form.
Listed below is a short list of insurance companies in Raleigh that may be able to provide price quotes for Jeep Grand Cherokee insurance in Raleigh.
G. Suggs Insurance Agency, Inc.
1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889 – View Map
Allstate Insurance: Brandon Reece
9204 Falls of Neuse Rd Ste 100 – Raleigh, NC 27615 – (919) 329-2580 – View Map
Carolina Capital Insurance Group
1100 Logger Ct., Bldg. D-101 – Raleigh, NC 27609 – (919) 747-9002 – View Map
Independent Insurance Agents of North Carolina Inc
101 Weston Oaks Ct – Cary, NC 27513 – (919) 828-4371 – View Map
Finding the right company is decision based upon more than just a cheap price. Agents should be asked these questions:
- Is there a Errors and Omissions policy in force?
- Do they write coverage based solely on cost?
- Will the quote change when the policy is issued?
- Are aftermarket or OEM parts used to repair vehicles?
- Are they properly licensed to sell insurance in North Carolina?
- Can they give you a list of client referrals?
- Will you work with the agent or an assistant?
Learn about insurance coverages for a Jeep Grand Cherokee
Knowing the specifics of your policy aids in choosing the best coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types found on most insurance policies.
Comprehensive insurance
This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things such as damage from a tornado or hurricane, fire damage, a broken windshield and hail damage. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage reimburse you for short-term medical expenses like rehabilitation expenses, EMT expenses, X-ray expenses and nursing services. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible
Coverage for collisions
Collision insurance will pay to fix damage to your Grand Cherokee resulting from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision can pay for things such as sideswiping another vehicle, crashing into a building, hitting a parking meter, driving through your garage door and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible on your Grand Cherokee to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many North Carolina drivers have only the minimum liability required by law (which is 30/60/25), their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Auto liability
This coverage can cover injuries or damage you cause to a person or their property. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 30/60/25 that means you have $30,000 in coverage for each person’s injuries, a limit of $60,000 in injury protection per accident, and $25,000 of coverage for damaged property. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims like repair bills for other people’s vehicles, loss of income, attorney fees and pain and suffering. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. North Carolina state minimum liability requirements are 30/60/25 but you should consider buying higher limits.
The next chart shows why minimum state limits may not be high enough to adequately cover claims.
Compare. Compare. Compare.
We covered many ways to save on Jeep Grand Cherokee insurance in Raleigh. The key thing to remember is the more times you quote, the higher the chance of saving money. Consumers may even find the biggest savings come from an unexpected company. Regional companies can often insure niche markets at a lower cost compared to the large companies like State Farm, GEICO and Nationwide.
Lower-priced insurance in Raleigh is possible on the web as well as from independent agents in Raleigh, so you should be comparing quotes from both to have the best selection. There are still a few companies who don’t offer online price quotes and most of the time these smaller providers only sell through independent agencies.
To learn more, feel free to visit the resources below:
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- How Much are Auto Insurance Quotes for a Honda CR-V in Raleigh? (FAQ)
- What Auto Insurance is Cheapest for Drivers with Accidents in Raleigh? (FAQ)
- How Much is Auto Insurance After a Speeding Ticket in Raleigh? (FAQ)
- What Auto Insurance is Cheapest for High Mileage Drivers in Raleigh? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)