Finding cheaper auto insurance for a Jeep Grand Cherokee in Nevada doesn’t take too much effort, but it depends on a pretty complex algorithm that uses a lot of factors such as whether you are a homeower, the size of your vehicle, and driving violations. Drivers pay approximately $708 per year to insure their Grand Cherokee, but that price is an estimation calculated based on a 40-year-old married female driver with full comprehensive and collision coverage and $1,000 deductibles.
But there is a high likelihood that you’re not a 40-year-old female, maybe you are single instead of married, or maybe you prefer liability limits higher than required by Nevada state law. Even a slight change in the rating criteria used to formulate rates could end up in a significant change in the price of a policy.
This illustrates why the best way to find the cheapest insurance price for your Jeep is to compare as many rates as possible.
The trim level of your Jeep impacts the cost of insurance, so the price you pay to insure a Grand Cherokee Laredo 2WD will be $60 cheaper than the cost to insure the more costly Grand Cherokee SRT-8 4WD trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$126||$248||$324||$20||$96||$814||$68|
|Grand Cherokee Laredo 4WD||$126||$248||$324||$20||$96||$814||$68|
|Grand Cherokee Limited 2WD||$142||$292||$324||$20||$96||$874||$73|
|Grand Cherokee Limited 4WD||$142||$292||$324||$20||$96||$874||$73|
|Grand Cherokee SRT-8 4WD||$142||$292||$324||$20||$96||$874||$73|
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in vehicle location which can alter auto insurance rates substantially.
Finding the top company can be a challenge considering how many different companies there are to choose from in Nevada. The ranking information displayed below may help you choose which insurers to look at when shopping car insurance rates for a Jeep Grand Cherokee. These rankings only include companies who write in the majority of U.S. states, so companies with more of a regional focus are not taken into consideration for these rankings.
Top 10 Large Car Insurance Companies in Las Vegas Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Top 10 Large Car Insurance Companies in Las Vegas Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+
Cost of full coverage
Lowering the price of auto insurance is probably important to most vehicle owners, and one good way to find cheaper insurance for a Jeep Grand Cherokee is to buy only liability coverage. The diagram below illustrates the difference between premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no accidents or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
If we average all the age groups together, comp and collision coverage costs $2,298 per year over and above liability coverage. That may make you wonder if buying full coverage is a good investment. There is no definitive rule that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then it might be time to buy liability only.
Types of discounts on Las Vegas auto insurance rates
Car insurance companies that sell policies for a Jeep Grand Cherokee may also offer discounts that could reduce prices by 40% or more if you meet the requirements. The best auto insurance companies and a partial list of their discounts include:
- American Family may have discounts that include early bird, bundled insurance, air bags, TimeAway discount, and good student.
- Nationwide has savings for multi-policy, easy pay, Farm Bureau membership, anti-theft, business or organization, and good student.
- MetLife offers discounts for claim-free, good driver, accident-free, good student, defensive driver, multi-policy
- 21st Century policyholders can earn discounts including air bags, driver training, good student, anti-lock brakes, and teen driver.
- Farmers Insurance offers premium reductions for business and professional, pay in full, early shopping, mature driver, distant student, and bundle discounts.
- Allstate may include discounts for good student, teenSMART discount, 55 and retired, premier plus, and premier discount.
The diagram below compares auto insurance rates with and without discounts applied to the premium. Data assumes a male driver, a clean driving record, no claims, Nevada state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, homeowner, accident-free, multiple policy, passive restraint, and marriage discounts applied. When discounts are applied, the average savings per year on auto insurance for a Jeep Grand Cherokee is 28% or $427.
Why are you paying too much to insure your Grand Cherokee?
Las Vegas, NV auto insurance rates are calculated based on many things which can substantially decrease or increase the price you pay. Improving your credit rating, filing a claim, or having an accident can trigger price changes resulting in some companies being cheaper than competitors.
Additionally, insurers file new Nevada auto insurance rates every year or even multiple times each year to adjust for heavy claims or excess profits. Larger than normal claims may cause more expensive premiums, while lower claim levels may produce lower-priced Grand Cherokee insurance rates.
The data below shows which companies have the cheapest car insurance in Las Vegas, NV for a 35-year-old female driver with no accidents, a clean driving record, and good credit. If we compare prices based on her personal profile, Travelers may have the most affordable car insurance rates in Las Vegas at $1,670 each year. This is $96 more than the average rate paid by Nevada drivers of $1,574. Allied, Capital, Progressive, and Oregon Mutual are the remaining cheapest Las Vegas, NV auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a chargeable claim, a lower credit rating, and a speeding ticket. Since every car insurance company has a different process to set their prices, comparing prices could result in a substantially altered list of companies as shown below.
GEICO now has the best auto insurance rate in Las Vegas, NV with Nationwide, USAA, Safeco, and Allied now rounding out the top five. This demonstrates why drivers need to take the time to shop around to get the cheapest insurance quotes for a Jeep Grand Cherokee. Insurance prices consist of many things and change frequently, so the best price two years ago may now be wasting a lot of money.
How to find the cheapest car insurance for a Jeep Grand Cherokee
It is possible to find better rates, and here are a few thrifty suggestions that can help drivers buy low-cost auto insurance.
- Save money by insuring your home and auto with the same company
- Do not insure for full coverage
- Improve your credit
- Buy vehicles with good safety ratings
- Do not get into accidents that are your fault
- Compare rates regularly to ensure the best deal
The last suggestion is especially important, as was affirmed in this write-up. Car insurance rates in Las Vegas can be modified anytime, so you should be ready to buy a policy from a new company if a lower price can be found. Having brand loyalty is commendable, but is isn’t recommended if your bullheadedness ends up costing you a small fortune. In just a couple of minutes you could shop around and find cheaper insurance for a Jeep Grand Cherokee.
The Las Vegas auto insurance agencies shown below can most likely answer your questions and help you decide which coverage fits your budget, as some drivers aren’t sure which coverage they need and prefer to have professional advice when comparing insurance rates for a Grand Cherokee. It can be time-consuming to find the best policy on your own, so insurance agents licensed in the state of Nevada can provide you peace of mind knowing your coverage gives you sufficient coverage at claim time. To find an agent by location nearest to you, click the button link following the list.
2511 Stewart Ave – Las Vegas, NV 89101 – (702) 721-7575
Nationwide Insurance: The Delbrocco Agency
5150 Spring Mountain, Unit 11 – Las Vegas, NV 89146 – (702) 730-0009
Farmers Insurance: Kenny Redelsperger
4045 Spencer St #114 – Las Vegas, NV 89119 – (702) 735-0926
Kate Lowe – State Farm Insurance Agent
10198 W Flamingo Rd #130 – Las Vegas, NV 89147 – (702) 363-4500
Franco Vitiello – State Farm Insurance Agent
3370 S Hualapai Way #140 – Las Vegas, NV 89117 – (702) 648-6642