How Much are Henderson Auto Insurance Quotes for a Jeep Grand Cherokee?

Buying cheap coverage for a Jeep Grand Cherokee in Nevada is dependent upon a very complex rating algorithm that uses multiple factors such as annual miles driven, your credit history, and driving violations and tickets. Nevada drivers pay on average $958 annually to insure their Grand Cherokee, but that cost is an approximation based upon a 50-year-old single male driver with full coverage and $250 deductibles.

It’s more than likely you are not 50 and maybe not even a male, married instead of single, or maybe you just want different deductibles. The different assumptions illustrate why the only way to find the cheapest insurance price for your Jeep is to just compare rates yourself. It’s really quite easy you will be able to compare rates from some of the best companies that insure vehicles in Nevada.

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The trim level of your vehicle tends to have a direct effect on the cost of coverage, so the price you pay to insure a Grand Cherokee Laredo 2WD model will be $100 less than the price to insure the more costly Grand Cherokee SRT-8 4WD trim level, as shown below.

Jeep Grand Cherokee Insurance Rates in Henderson, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $204 $414 $348 $20 $104 $1,090 $91
Grand Cherokee Laredo 4WD $204 $414 $348 $20 $104 $1,090 $91
Grand Cherokee Limited 2WD $232 $486 $348 $20 $104 $1,190 $99
Grand Cherokee Limited 4WD $232 $486 $348 $20 $104 $1,190 $99
Grand Cherokee SRT-8 4WD $232 $486 $348 $20 $104 $1,190 $99
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Price information does not factor in specific garaging location which can affect premium rates noticeably.

Insuring your vehicle with the best car insurance provider can be challenging considering how many choices you have in Henderson. The information displayed below can help you select which car insurance providers to look at when comparing auto insurance rates for a Jeep Grand Cherokee. The ratings below are for the largest auto insurers in America, so smaller companies that only insure vehicles in Nevada are not included in this list.

Best Car Insurance Companies for a Jeep Grand Cherokee in Nevada
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
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Data Source: Best Car Insurance Companies

Full coverage rates compared to liability only

Saving money on car insurance is the goal of the majority of vehicle owners, and a good way to lower the cost of insurance for a Jeep Grand Cherokee is to not insure for full coverage. The information below illustrates the difference between insurance costs with full coverage compared to only the Nevada minimum liability coverage. The premium estimates are based on no claims, a clean driving record, $250 deductibles, single marital status, and no discounts are factored in.

If we average all the age groups together, physical damage coverage on your policy costs an extra $2,091 per year over liability only. That proposes the question when is the right time to remove full coverage. There is no clear-cut formula of when to drop physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s say your vehicle’s replacement cost is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,500 after paying your policy deductible. If you are paying more than $850 annually for physical damage coverage, then you might want to think about dropping full coverage.

There are some scenarios where removing full coverage is not in your best interest. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should keep full coverage.

How accidents and tickets impact rates

The common sense way to find low car insurance prices for a Grand Cherokee is to be a careful driver and avoid accidents and keep your driving record clean. The chart below highlights how speeding tickets and fender-benders can affect premium costs for different insured age categories. The rates are based on a single female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.

In the example above, the average cost of an auto insurance policy per year with no violations or accidents is $1,562. Receive one speeding ticket and the average cost hikes up to $1,773, an increase of $210 each year. Next add two accidents along with the one speeding ticket and the yearly cost of car insurance for a Jeep Grand Cherokee increases to an average of $3,695. That’s an increase of $2,133, or $178 per month, just for being a careless driver!

The diagram below illustrates how choosing a deductible can impact annual premium costs when trying to find cheap insurance for a Jeep Grand Cherokee. The rate quotes are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

In the chart above, a 40-year-old driver could reduce rates by $298 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $452 by using a $1,000 deductible. Younger drivers, like the 20-year-old category, can cut as much as $1,002 or even more by selecting a higher deductible. When choosing a higher deductible, it will now be necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.