Buying economical coverage for a Jeep Grand Cherokee in Texas is pretty simple, but it hinges on many factors such as the mileage of your daily commute, your profession, and whether or not you are a good driver. Drivers will pay around $1,440 each year to insure their Grand Cherokee, but that figure is an estimation using a 40-year-old single male driver with full physical damage coverage and $100 deductibles.
There is a good probability you aren’t exactly 40 years old or even a male, maybe you are married instead of single, or maybe you just want liability only. Having even a minor difference in the criteria used to calculate rates can make a large difference in the policy cost.
Auto insurance requires individual risk assessment, so the only way to find cheap insurance prices for your Jeep is to compare rates from as many companies as possible. It only takes a couple of minutes and you will receive rate quotes from some of the best companies that offer coverage in Texas.
Vehicle trim level will most likely have an effect on the annual cost of coverage, so the price to insure a Grand Cherokee Laredo 2WD will cost $160 less than the price to insure the higher-end Grand Cherokee SRT-8 4WD version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $322 | $682 | $462 | $28 | $138 | $1,632 | $136 |
| Grand Cherokee Laredo 4WD | $322 | $682 | $462 | $28 | $138 | $1,632 | $136 |
| Grand Cherokee Limited 2WD | $362 | $802 | $462 | $28 | $138 | $1,792 | $149 |
| Grand Cherokee Limited 4WD | $362 | $802 | $462 | $28 | $138 | $1,792 | $149 |
| Grand Cherokee SRT-8 4WD | $362 | $802 | $462 | $28 | $138 | $1,792 | $149 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in your specific Laredo location which can impact auto insurance rates considerably.
Figuring out which insurers offer the lowest-priced car insurance rates for a Jeep Grand Cherokee will require a little more work than just quoting one company’s rates. Each insurance company has a different formula to establish rates, so we’ll take a look at the car insurance companies with the most affordable rates in Texas.
It’s important to know that Texas car insurance rates are influenced by many factors that may substantially change your annual premium. Simply turning a year older, buying a different home, or getting caught speeding can trigger price changes resulting in some companies being cheaper than before.
Best Auto Insurance Prices for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $1,010 |
| 2 | USAA | $1,084 |
| 3 | Texas Farm Bureau | $1,235 |
| 4 | Germania Mutual | $1,256 |
| 5 | California Casualty | $1,382 |
| 6 | Esurance | $1,421 |
| 7 | State Farm | $1,510 |
| 8 | Mercury | $1,521 |
| 9 | Nationwide | $1,538 |
| 10 | Safe Auto | $1,549 |
| 11 | Progressive | $1,664 |
| 12 | Allstate | $1,701 |
| 13 | Amica | $1,757 |
| 14 | GEICO | $2,093 |
| 15 | Home State | $2,134 |
| 16 | MetLife | $2,227 |
| 17 | Encompass | $2,232 |
| 18 | Unitrin | $2,333 |
| 19 | 21st Century | $2,469 |
| 20 | Titan | $2,568 |
| Find Cheaper Rates Go | ||
Travelers generally has some of the cheapest car insurance rates in Laredo at around $1,010 annually. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty also rank well as some of the cheaper Laredo, TX insurance companies.
In the rate table above, if you currently buy coverage from USAA and switched to Travelers, you might achieve a yearly price reduction of around $74. Customers with Texas Farm Bureau could save as much as $225 a year, and Germania Mutual insureds might see rate reductions of $246 a year.
Be aware that those premium estimates are averages across all types of insureds and vehicles and do not factor in a specific zip code for a Jeep Grand Cherokee. So the auto insurance company that fits you best may not even be in the top 23 companies shown above. That emphasizes why you need to get quotes using your own specific driver information and vehicle.
Types of discounts on Laredo car insurance rates
Insurance companies that provide policies for a Jeep Grand Cherokee may have price discounts that can lower rates by 35% or more if you qualify. Larger car insurance companies and some of the premium reductions they offer are shown below.
- State Farm has discounts for good driver, anti-theft, student away at school, Steer Clear safe driver discount, safe vehicle, and driver’s education.
- Progressive discounts include online signing, homeowner, multi-policy, continuous coverage, and good student.
- Travelers may include discounts for student away at school, continuous insurance, hybrid/electric vehicle, driver training, early quote, good student, and save driver.
- American Family includes discounts for early bird, TimeAway discount, air bags, bundled insurance, multi-vehicle, and good driver.
- Liberty Mutual offers premium reductions for new graduate, exclusive group savings, good student, hybrid vehicle, multi-policy, and preferred payment discount.
The illustration below illustrates the difference between insurance prices with and without some available policy discounts. The premium estimates are based on a female driver, no accidents or driving violations, Texas state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, marriage, safe-driver, passive restraint, homeowner, and defensive driving course discounts applied. When drivers take advantage of discounts, theaverage yearly reduction on car insurance for a Jeep Grand Cherokee is 28% or $677.
Here’s why you should shop around
Laredo car insurance rates are determined by lots of factors that will increase or decrease the price you pay. Simply improving your credit, buying another vehicle, or having a fender bender can trigger changes in premium that can make some companies more affordable than competitors.
Also, insurance companies amend pricing as often as every quarter in order to be able to pay unexpected claims. Heavy losses may result in additional premium costs, while a better loss history may result in lower-cost Grand Cherokee insurance rates.
The chart below shows the company with the cheapest car insurance in Laredo, TX for a 45-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. Based on her current risk profile, Travelers has the lowest car insurance rates in Laredo at $1,348 annually. This is $556 less than the average price paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also make the list of the top five cheapest Laredo, TX auto insurance companies.
In this next rate comparison, we will give the driver from the first example a claim surcharge, bad credit, and an imperfect driving record. Since each insurance company has their own formula to set policy rates, analyzing rate quotes most likely will result in a different ranking of affordable companies as shown below.
State Farm now has the best insurance rate in Laredo with Mercury, Safe Auto, Nationwide, and USAA now being in the top five. This example demonstrates why it is important to shop around when trying to find the most economical car insurance rates for a Jeep Grand Cherokee. Car insurance prices can be determined by many things and can decrease or increase without notice, so the most economical option a year ago may now be quite expensive.