Find Cheaper Jeep Grand Cherokee Insurance in Oklahoma City

Insurance rates Jeep Grand Cherokee in Oklahoma CityIt’s safe to conclude that auto insurance companies want to keep your business as long as possible. Drivers who shop rates annually are highly likely to switch insurance companies because there is a good chance of finding better rates. A recent study showed that drivers who compared rates annually saved an average of $865 annually compared to drivers who didn’t regularly shop around.

If finding the lowest price for insurance is your objective, then understanding how to shop for auto insurance can save time and money.

If your goal is the lowest price, then the best way to find better pricing on Jeep Grand Cherokee insurance in Oklahoma City is to compare prices annually from different companies in Oklahoma. You can compare rates by following these guidelines.

One bit of advice is to make sure you’re comparing the same coverage limits and deductibles on each quote request and and to get rate quotes from as many different companies as possible. This helps ensure the most accurate price comparison and a complete price analysis.

When shopping for the cheapest Jeep Grand Cherokee rate quotes, there are a couple of ways to obtain and compare prices from many car insurance companies in Oklahoma. The easiest way by far to compare Jeep Grand Cherokee insurance prices consists of obtaining rate quotes online.

Doing online rate quotes comparisons is so easy that it replaces the need to drive around to and from local Oklahoma City insurance agencies. Shopping for car insurance online eliminates this option unless your situation requires the professional advice of a local Oklahoma City agent. If you prefer, some companies allow you to comparison shop online and still use a local agent. Just remember that comparing more rates from different companies increases your odds of finding more affordable rates.

The companies shown below are ready to provide quotes in Oklahoma. If multiple companies are listed, we recommend you get price quotes from several of them to find the lowest auto insurance rates.

Rates and information analytics

The premium information shown below covers different insurance policy prices for Jeep Grand Cherokee models. Knowing how premiums are determined can aid in making informed coverage decisions.

Jeep Grand Cherokee Insurance Rates in Oklahoma City, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $332 $684 $506 $30 $152 $1,704 $142
Grand Cherokee Laredo 4WD $332 $684 $506 $30 $152 $1,704 $142
Grand Cherokee Limited 2WD $374 $804 $506 $30 $152 $1,866 $156
Grand Cherokee Limited 4WD $374 $804 $506 $30 $152 $1,866 $156
Grand Cherokee SRT-8 4WD $374 $804 $506 $30 $152 $1,866 $156
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Data variables include single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in specific location information which can increase or decrease prices substantially.

Where to set your deductibles

One frequently asked question is which deductibles should you choose. The tables below illustrate how much more you’ll pay when you buy lower versus higher physical damage coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second price grid 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 $386 $698 $448 $26 $134 $1,717 $143
Grand Cherokee Laredo 4WD $386 $698 $448 $26 $134 $1,717 $143
Grand Cherokee Limited 2WD $436 $822 $448 $26 $134 $1,891 $158
Grand Cherokee Limited 4WD $436 $822 $448 $26 $134 $1,891 $158
Grand Cherokee SRT-8 4WD $436 $822 $448 $26 $134 $1,891 $158
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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 $282 $472 $448 $26 $134 $1,362 $114
Grand Cherokee Laredo 4WD $282 $472 $448 $26 $134 $1,362 $114
Grand Cherokee Limited 2WD $318 $554 $448 $26 $134 $1,480 $123
Grand Cherokee Limited 4WD $318 $554 $448 $26 $134 $1,480 $123
Grand Cherokee SRT-8 4WD $318 $554 $448 $26 $134 $1,480 $123
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in specific location information which can lower or raise price quotes significantly.

We can derive from the above data that using a $100 deductible would cost the average driver about $33 more each month or $396 for a full year than requesting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go more than 12 months between claims, you would save money if you elect the higher deductible.

The information below highlights how deductible selection and can increase or decrease Jeep Grand Cherokee insurance rates for each age group. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

Insurance rates by gender and age in Oklahoma City

The diagram below shows the difference between Jeep Grand Cherokee auto insurance costs for male and female drivers. The costs are based on no driving violations, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are factored in.

Cost of full coverage in Oklahoma City

The example below visualizes 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 violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Are you wasting money on full coverage?

There isn’t a written rule that is best for determining when to drop full coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your Jeep Grand Cherokee settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $3,000 after you pay the deductible. If premium cost is more than $300 annually for full coverage, then you might consider buying liability only.

There are some circumstances where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage.

It may be expensive, but it’s not optional

Despite the potentially high cost of Jeep Grand Cherokee insurance, maintaining insurance may not be optional for several reasons.

First, just about all states have minimum liability requirements which means you are required to buy a specific level of liability protection in order to drive the car. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if your car has a loan, it’s most likely the lender will require you to buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the bank may insure your Jeep for a lot more money and require you to reimburse them for the expensive policy.

Third, insurance safeguards not only your car but also your financial assets. Insurance will also pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers legal expenses in the event you are sued. If your Jeep gets damaged, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of having insurance more than cancel out the cost, especially with large liability claims. But the average American driver is currently overpaying as much as $865 each year so it’s very important to do a rate comparison once a year at a minimum to be sure current rates are still competitive.

Five Tips to Get Cheaper Oklahoma City Insurance Premiums

A large part of saving on auto insurance is knowing the rating factors that help determine your auto insurance rates. When consumers understand what determines base rates, this enables you to make decisions that can earn you better auto insurance rates. Lots of things are taken into consideration when quoting car insurance. A few of the factors are predictable such as your driving record, although others are not as apparent like your continuous coverage or your commute time.

Get better premiums if you’re married – Having a significant other may save some money when shopping for auto insurance. It demonstrates that you tend to be more mature than a single person and insurance companies reward insureds because married drivers tend to file fewer claims.

Do you know your coverage deductibles? – Your deductibles define the amount you are willing to pay if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims are a windshield broken by a bird, fire damage, and having a roll-over accident. The more expense the insured is willing to pay, the less money you will pay for auto insurance.

Lower rates for safer vehicles – Vehicles that have high safety ratings are cheaper to insure. Safer cars reduce the chance of injuries and lower rates of occupant injuries means less money paid by your insurance company and lower rates for you. If your Jeep is rated at least four stars on or an “acceptable” rating on it may cost less to insure.

Little extras can really add up – There are a ton of additional coverages that you can buy if you aren’t diligent. Coverages like roadside assistance, accident forgiveness, and Farm Bureau memberships are probably not needed. The coverages may be enticing when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.

Your location is a factor – Choosing to live in areas with lower population is a positive aspect when talking about auto insurance. People who live in big cities tend to have congested traffic and longer commute times. Fewer people means a lower chance of having an accident and a lower car theft rate.

Insurance loss data for a Jeep Grand Cherokee – Insurance companies analyze historical claim data as a way to help calculate a profitable premium rate. Models that have increased losses will have higher rates for specific coverages.

The next table illustrates the historical loss data for Jeep Grand Cherokee vehicles. For each insurance policy coverage type, the claim probability for all vehicles, regardless of manufacturer or model, equals 100. Values that are below 100 imply a favorable loss record, while percentage numbers above 100 show a trend for more claims or an increased probability of a larger loss.

Insurance Loss Ratings for Jeep Grand Cherokee Vehicles
Specific Jeep Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Grand Cherokee 4dr 2WD 81 111 71 62 60 94
Jeep Grand Cherokee 4dr 4WD 91 112 98 67 63 89

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Oklahoma City auto insurance company ratings

Choosing the best insurer can be difficult considering how many companies provide coverage in Oklahoma City. The rank data listed below can help you decide which providers to look at when comparing rate quotes.

Top 10 Oklahoma City 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

Persistence will pay off

We’ve covered a lot of tips how to lower your Jeep Grand Cherokee insurance prices in Oklahoma City. The most important thing to understand is the more you quote Oklahoma City auto insurance, the higher your chance of finding affordable Jeep Grand Cherokee insurance quotes. You may even find the lowest prices come from a small local company. These companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. In many cases, an insured cut collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find for the lowest cost, but don’t skip important coverages to save money.

Much more information about insurance in Oklahoma is available at these links: