The national average cost of car insurance for full coverage is $1,674 annually, according to Bankrate’s 2021 study of average premiums. Still, the actual cost will be highly dependent on the make and model of the vehicle you are insuring. Bankrate reviewed the annual cost of car insurance for Jeeps to determine how different models impact the amount you pay in premiums.
In addition to the make and model, the insurance carrier and coverage options you select for a policy also influence cost. Understanding how each of these factors impacts insurance for a Jeep could help with determining the true cost of ownership and deciding which model makes the most sense for your financial situation.
Models included in this review:
- Jeep Grand Cherokee
- Jeep Wrangler
How much does it cost to insure a Jeep?
While $1,674 per year is the average cost of insurance in the U.S., based on current rates from Quadrant Information Services, there are a number of factors influencing the overall cost. Rates vary from one insurance provider to another. Insurance providers use several considerations to evaluate the risk level of the vehicle and driver, which ultimately impacts your final rate. Considerations include:
- Crash rate stats per make/model – Both the Jeep Grand Cherokee and the Jeep Wrangler receive mostly “Good” safety ratings from the Insurance Institute for Highway Safety (IIHS). Safety ratings are typically evaluated by insurance providers to assess overall risk.
- Price of parts – With Jeep vehicles manufactured domestically versus overseas, the price of parts could be less expensive compared to foreign vehicles. Insurance providers take this into account when assessing the amount it would cost for replacement parts.
- Safety features – Enhanced safety features can help lower overall costs for auto insurance for Jeeps. The Jeep Grand Cherokee and Jeep Wrangler include options such as blind-spot monitoring and rear cross-path detection to better assist the driver.
Car insurance for a Jeep: by model
Car insurance costs vary for each person, depending on their unique circumstances and driving history. However, the make and model they insure has a significant impact on the overall cost. Understanding this impact can help a driver make a more informed decision regarding vehicle ownership and choosing an insurance company.
Car insurance for Jeep Grand Cherokee
The Jeep Grand Cherokee costs an average of $1,531 per year to insure with full coverage. The number of safety features and positive crash rate statistics may help keep the costs lower for this model.
| Jeep Grand Cherokee car insurance | Average annual premium |
|---|---|
| Minimum coverage | $516 |
| Full coverage | $1,531 |
Car insurance for Jeep Wrangler
Although the average cost of minimum coverage for the Jeep Wrangler closely matches the Jeep Grand Cherokee, its average full coverage rate is considerably lower. Full coverage for the Jeep Wrangler averages well below both the Jeep Grand Cherokee and the national average. The 4-door version receives mostly “Good” safety ratings from IIHS, which may contribute to its lower cost.
| Jeep Wrangler car insurance | Average annual premium |
|---|---|
| Minimum coverage | $517 |
| Full coverage | $1,358 |
Cheapest car insurance companies for Jeeps
The table below illustrates how rates can vary for the same make and model between different insurance providers. USAA and Erie offer some of the lowest rates for both models on our list, while State Farm comes in as the highest average rate. Keep in mind your rates could be higher or lower, depending on where you live, driving history and claim history.
Average annual premium for full coverage by model
| Car insurance company | Jeep Grand Cherokee | Jeep Wrangler |
|---|---|---|
| Erie | $1,255 | $1,124 |
| Geico | $1,329 | $1,125 |
| State Farm | $1,348 | $1,283 |
| USAA | $1,201 | $1,094 |
Jeep features that impact insurance costs
Jeep insurance costs may be higher or lower depending on the included features of the vehicle. While some are optional, there are standard features on both models which could help keep premiums more manageable, such as:
- ProTech I: This system is standard on all Jeep Grand Cherokee models and includes blind-spot warnings, rear cross-path monitoring and a rear backup camera. These features provide an extra level of security when operating the vehicle.
- Air bags: The Jeep Grand Cherokee is equipped with seven air bags for added protection. The Jeep Wrangler includes both front and side air bags, which contributes to the overall safety of the vehicle and insurance costs.
- Park assist: Both models include options for the park assist feature. The feature uses sensors to warn you if your vehicle gets too close to another vehicle or object while backing into a parking space.
Other car insurance coverage for a Jeep
The vehicle make and model and your chosen insurance provider are all major contributors to the overall cost of car insurance for Jeeps. The coverage options you select also influence premiums, as you could select more coverage to build a more robust policy for you and your Jeep. Each state has its own minimum insurance requirements to protect other drivers while driving. However, most financial experts agree you should purchase more than the bare minimum required in order to receive greater financial protection.
One option is to purchase full coverage instead of only the minimum. Full coverage includes comprehensive and collision coverage, which can pay toward your Jeep’s physical damage due to a covered accident or other event, such as theft. You might also consider uninsured/underinsured motorist coverage and medical payments coverage to make a full coverage policy even more beneficial.
Another commonly available option is gap insurance, which may be beneficial if you lease or finance a newer vehicle. It pays the “gap” between the amount you owe on a newer vehicle and the value the insurance carrier determines the vehicle is worth. The difference could be significant if you total your vehicle and still owe a considerable amount on the loan versus the depreciated market value of your car.
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2019 Jeep of the following model types, commute five days a week and drive 12,000 miles annually:
- Jeep Grand Cherokee
- Jeep Wrangler
These are sample rates and should only be used for comparative purposes.
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