Insurance rates Jeep Grand Cherokee in NorfolkWant to learn how to save money and find lower-priced Jeep Grand Cherokee insurance in Norfolk? Drivers not familiar with buying auto insurance online may discover buying low cost Jeep Grand Cherokee insurance is quite challenging.

A study showed that most insurance policyholders have bought insurance from the same company for over three years, and nearly half have never compared rates from other carriers. With the average premium in Virginia being $1,200, drivers could save about $550 a year just by comparing rates, but most tend to underestimate how much money they would save if they switch to a new company.

Finding cheaper auto insurance in Norfolk is not that difficult. Just about everyone who needs lower cost auto insurance will more than likely be able to cut their insurance bill. But Virginia consumers do need to know how big insurance companies calculate their prices because it varies considerably.

When price shopping your coverage, more quotes provides better odds of finding more affordable rates.

The providers in the list below provide price quotes in Norfolk, VA. If multiple companies are shown, it's a good idea that you visit as many as you can in order to get a fair rate comparison.

Jeep Grand Cherokee Insurance Rates in Norfolk, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $106 $206 $270 $16 $80 $678 $57
Grand Cherokee Laredo 4WD $106 $218 $290 $18 $88 $720 $60
Grand Cherokee Limited 2WD $166 $292 $266 $16 $80 $820 $68
Grand Cherokee Limited 4WD $126 $228 $266 $16 $80 $716 $60
Grand Cherokee SRT-8 4WD $192 $392 $242 $14 $72 $912 $76
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Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Rate quotes do not factor in vehicle location which can alter premium rates substantially.

Do you need full coverage?

The illustration below shows the comparison of Jeep Grand Cherokee auto insurance costs with full phyical damage coverage and with liability coverage only. The information is based on no violations or accidents, $100 deductibles, married male driver, and no additional discounts are factored in.

Should you buy full coverage or liability only?

There is no set rule to drop physical damage coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's assume your Jeep Grand Cherokee claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after the policy deductible has been paid. If premiums are more than $300 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some conditions where buying only liability insurance is not in your best interest. If you haven't satisfied your loan, 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 if your current one is totaled, you should not buy liability only.

Deductible analysis

One of the hardest decisions when shopping for auto insurance is the level to set your comp and collision deductibles. The rates shown below help summarize the rate fluctuation between low and high physical damage deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Jeep Grand Cherokee insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $222 $400 $258 $16 $78 $999 $83
Grand Cherokee Laredo 4WD $222 $400 $258 $16 $78 $999 $83
Grand Cherokee Limited 2WD $250 $472 $258 $16 $78 $1,099 $92
Grand Cherokee Limited 4WD $250 $472 $258 $16 $78 $1,099 $92
Grand Cherokee SRT-8 4WD $250 $472 $258 $16 $78 $1,099 $92
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Jeep Grand Cherokee insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $162 $270 $258 $16 $78 $784 $65
Grand Cherokee Laredo 4WD $162 $270 $258 $16 $78 $784 $65
Grand Cherokee Limited 2WD $182 $318 $258 $16 $78 $852 $71
Grand Cherokee Limited 4WD $182 $318 $258 $16 $78 $852 $71
Grand Cherokee SRT-8 4WD $182 $318 $258 $16 $78 $852 $71
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Rate quotes do not factor in zip code location which can raise or lower premium rates significantly.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $19 more each month or $228 for a full year than choosing the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average more than 21 months between claims, you would more than likely save some money if you elect the higher deductible.

These discounts can slash Jeep Grand Cherokee insurance rates

Some insurance providers don't always list every available discount very clearly, so the list below details some of the more common in addition to some of the lesser obvious discounts you could be receiving when you buy Norfolk auto insurance online. If you don't get every credit available, it's possible you qualify for a lower rate.Discount car insurance

Discounts save money, but please remember that some credits don't apply to all coverage premiums. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, nobody gets a free ride. Any amount of discount will reduce the cost of coverage.

If you would like to view companies that can offer you the previously mentioned discounts in Norfolk, click this link.

Find Jeep Grand Cherokee Insurance for Less

Lots of things are part of the equation when you quote your car insurance policy. Some are pretty understandable such as your driving history, but some are less obvious like where you live or how safe your car is. It's important that you understand the different types of things that aid in calculating your policy premiums. If you know what controls the rates you pay, this enables you to make decisions that can help you get lower auto insurance prices.

The factors shown below are some of the most rate-impacting factors auto insurance companies consider when setting premiums.

How much liability protection - Your policy's liability coverage will afford coverage if ever you are determined to be liable for personal injury or accident damage. Your liability coverage provides for a legal defense starting from day one. Liability is cheap compared to other policy coverages, so buy as much as you can afford.

Tickets and citations cost more than a fine - Having just one speeding ticket may cause rates to rise by as much as twenty percent. Good drivers pay lower auto insurance prices than people who have multiple driving citations. Drivers who have careless violations like DUI or willful reckless driving may find that they have to to file a SR-22 with their state motor vehicle department in order to prevent their license from being revoked.

Getting married equates to better prices - Getting married may earn you lower rates when shopping for auto insurance. Marriage generally demonstrates drivers are more mature than a single person and statistics show married drivers get in fewer accidents.

City traffic equals higher costs - Having an address in less populated areas of the country is a good thing when it comes to auto insurance. Lower population means a lower chance of having an accident in addition to fewer liability claims. People who live in big cities have traffic congestion and higher rates of accident claims. More time on the road means a statistically higher chance of an accident.

If you don't need it don't buy it - There are a ton of extra coverages that you can get tricked into buying on your Grand Cherokee policy. Add-on coverages like rental car coverage, accident forgiveness, and Farm Bureau memberships are some examples. You may think they are a good idea at first, but if they're wasting money remove them and pocket the money.

Allowing your auto insurance policy to lapse raises auto insurance rates - Having a lapse in insurance coverage is a guaranteed way to bump up your auto insurance costs. In addition to paying higher premiums, being ticketed for driving with no insurance might get you a revoked license or a big fine. Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Virginia department of motor vehicles.

Gender and insurance coverage rates - Over the last 50 years, statistics have shown that females tend to be a little less risky than males. The data does not necessarily mean that women are better drivers. Females and males get in accidents in similar numbers, but men cause more damage and cost insurance companies more money. Men also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Males from age 16 to 21 are most likely to cause an accident and are penalized with high auto insurance rates.

Jeep Grand Cherokee insurance claim data - Insurance companies analyze historical claim data to help determine the rate you pay. Models that statistically have a trend towards higher claims will have a higher premium rate. The table below illustrates the historical loss data for Jeep Grand Cherokee vehicles.

For each insurance policy coverage type, the claim amount for all vehicles averaged together equals 100. Percentage numbers below 100 indicate better than average losses, while values that are 100 or greater show a trend for more claims or tendancy to have larger claims.

Car Insurance Loss Data for Jeep Grand Cherokee Models

Make and 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
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Neighborhood Norfolk auto insurance agents

Certain consumers prefer to go talk to an agent and that is recommended in a lot of cases An additional benefit of comparing rates online is you may find cheap car insurance quotes and still choose a local agent. Buying from local insurance agencies is important especially in Norfolk.

Insurance agency in NorfolkBy using this form (opens in new window), your insurance coverage information is emailed to companies in Norfolk who can give free rate quotes and help you find cheaper coverage. It's much easier because you don't need to contact an agency since rate quotes are delivered straight to your inbox. You can find lower rates and work with a local agent. If you wish to compare rates from a specific company, you would need to navigate to their website and fill out their quote form.

Finding the right provider should include more criteria than just a cheap price. Ask your prospective agent these questions:

Insurance agents can help

Always remember that when buying adequate coverage for your personal vehicles, there really isn't a "best" method to buy coverage. Your situation is unique.Drive safe and save

Here are some questions about coverages that can aid in determining whether or not you may require specific advice.

If you don't know the answers to these questions but one or more may apply to you, you might consider talking to an agent. If you don't have a local agent, fill out this quick form.

Shop smart and save

Cheaper insurance in Norfolk is possible on the web as well as from insurance agents, and you should be comparing both to have the best selection. A few companies may not provide internet price quotes and usually these smaller providers provide coverage only through independent agents.

People who switch companies do it for a number of reasons such as delays in paying claims, denial of a claim, not issuing a premium refund or unfair underwriting practices. Whatever your reason, finding a new insurance company is not as hard as you think.

You just learned a lot of ways to save on Jeep Grand Cherokee insurance in Norfolk. The key concept to understand is the more quotes you get, the better likelihood of getting low cost Norfolk auto insurance quotes. You may even discover the lowest premium rates are with the least-expected company.

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