Cheapest Insurance for a Jeep Grand Cherokee in Madison

Being forced to pay for high-priced auto insurance premiums can bleed your savings account and force you to make tough financial choices. Comparison shopping is free and is an excellent way to lower your bills every month.

Insurance for Jeep Grand CherokeeIt’s amazing but the vast majority of auto insurance customers kept their coverage with the same auto insurance company for more than four years, and 38% of drivers have never compared rate quotes at all. Madison insurance shoppers can save hundreds of dollars each year by just comparing rate quotes, but they think it’s difficult to compare rate quotes. Numerous insurers battle for your business, so it’s not easy to compare every insurer to find the cheapest price on Jeep Grand Cherokee insurance in Madison.

If you already have coverage or just want a better rate, you can use this information to cut your premiums without reducing coverage. Locating the best rates in Madison is actually very simple if you learn how to start. Smart buyers just need to use the proper way to find the lowest price from many different companies.

Getting a low cost price on insurance is actually quite simple. Consumers just need to take time comparing rate quotes online with multiple companies.

Online shopping is fast and free, and it makes it a waste of time to physically go to insurance agents’ offices. Comparing Jeep Grand Cherokee insurance rates online makes this unnecessary unless your situation requires the guidance of an agent trained in personal lines coverage. If you prefer, some companies allow you to price shop your coverage online but buy the policy through an agent.

The providers in the list below are ready to provide quotes in Wisconsin. If you want to find the best auto insurance in Madison, we suggest you visit as many as you can to get the most affordable price.

Car insurance data for a Jeep Grand Cherokee

The price information shown below outlines estimates of policy rates for Jeep Grand Cherokee models. Knowing how insurance policy rates are established is important for you to make decisions on the best policy to buy.

Jeep Grand Cherokee Insurance Rates in Madison, WI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $140 $236 $234 $14 $70 $694 $58
Grand Cherokee Laredo 4WD $140 $236 $234 $14 $70 $694 $58
Grand Cherokee Limited 2WD $158 $278 $234 $14 $70 $754 $63
Grand Cherokee Limited 4WD $158 $278 $234 $14 $70 $754 $63
Grand Cherokee SRT-8 4WD $158 $278 $234 $14 $70 $754 $63
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in vehicle location which can influence premiums greatly.

Deductible analysis

One frequently asked question is what deductibles to buy. The comparison tables below illustrate the cost difference of buying low and high comp and collision deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.

Jeep Grand Cherokee insurance prices with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $198 $358 $230 $14 $68 $893 $74
Grand Cherokee Laredo 4WD $198 $358 $230 $14 $68 $893 $74
Grand Cherokee Limited 2WD $224 $422 $230 $14 $68 $983 $82
Grand Cherokee Limited 4WD $224 $422 $230 $14 $68 $983 $82
Grand Cherokee SRT-8 4WD $224 $422 $230 $14 $68 $983 $82
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Jeep Grand Cherokee insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $110 $188 $230 $14 $68 $610 $51
Grand Cherokee Laredo 4WD $110 $188 $230 $14 $68 $610 $51
Grand Cherokee Limited 2WD $124 $222 $230 $14 $68 $658 $55
Grand Cherokee Limited 4WD $124 $222 $230 $14 $68 $658 $55
Grand Cherokee SRT-8 4WD $124 $222 $230 $14 $68 $658 $55
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Madison which can influence auto insurance rates substantially.

Based on the figures above, using a $100 deductible will cost you approximately $26 more each month or $312 every year averaged for all Grand Cherokee models than buying the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 35 months between claims, you would probably be better off if you decide on a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $100 deductibles: $79
Average monthly premium for $1,000 deductibles (subtract): – $53
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 35 months

One important caveat is that a higher deductible level means you will have to cover more of the damage yourself when you do file a claim. It will be required that you have some funds available in order to pay the deductible to have repairs made.

The information below illustrates how choosing a deductible and can influence Jeep Grand Cherokee insurance rates for each different age group. The premiums are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

Poor driving habits will raise your car insurance rates

The diagram below demonstrates how traffic citations and at-fault claims can drive up Jeep Grand Cherokee insurance costs for different categories of driver ages. The premiums assume a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.

It may be expensive, but it’s not optional

Despite the high insurance cost for a Jeep Grand Cherokee in Madison, insurance is required in Wisconsin but it also protects you in many ways.

The benefits of having car insurance more than cancel out the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $810 a year so smart consumers compare quotes each time the policy renews to make sure the price is not too high.

Jeep Grand Cherokee insurance discounts in Madison

The price of auto insurance can be rather high, but there could be available discounts to help bring down the price. Some trigger automatically at the time you complete a quote, but less common discounts must be manually applied before they will apply. If you don’t get every credit you deserve, you are not getting the best rate possible.Save money with discounts

It’s important to understand that most discount credits are not given to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think having all the discounts means you get insurance for free, you won’t be that lucky.

The diagram below illustrates the comparison of Jeep Grand Cherokee premium costs with and without policy discounts. Data assumes a male driver, no tickets, no at-fault accidents, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, marriage, and homeowner discounts applied.

Some of the larger companies that have these benefits include:

Before purchasing a policy, check with each company to give you their best rates. Some discounts listed above may not apply in your state. To choose insurance companies with discount rates in Madison, click this link.

Local Madison insurance agents

Many people still prefer to buy from a local agent and that is a smart decision Agents will help you protect your assets and help submit paperwork. One of the great benefits of price shopping on the web is that you can obtain the best rates and still have an agent to talk to.

Insurance agency in MadisonTo help locate an agent, after submitting this quick form, the quote information is transmitted to insurance agents in Madison who want to provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to leave your computer since rate quotes are delivered instantly to you. If you need to quote rates from a specific insurance company, you would need to navigate to their website and fill out the quote form the provide.

Choosing the best provider requires more thought than just a low price. Here are some questions you might want to ask.

Types of auto insurance agents in Madison

When narrowing the list to find a good insurance agency, it’s important to understand the different types of agencies and how they function. Madison agents can be described as either exclusive or independent agents depending on their company appointments. Either one can properly insure your vehicles, but it’s important to know the subtle differences since it can affect the kind of agent you use.

Exclusive Insurance Agents

Agents that choose to be exclusive can usually just insure with one company such as Farmers Insurance and State Farm. Exclusive agencies are unable to shop your coverage around so you need to shop around if the rates are high. Exclusive insurance agents receive a lot of sales training on their company’s products which helps overcome the inability to quote other rates.

Listed below are Madison exclusive agents who can help you get comparison quotes.

1915 Winnebago St #102Madison, WI 53704(608) 237-3747View Map

658 S Gammon Rd #202Madison, WI 53719(608) 274-9702View Map

2317 International LnMadison, WI 53704(608) 249-7380View Map

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Independent Auto Insurance Agencies

Agents of this type can sell policies from many different companies and that enables them to quote your coverage amongst many companies and find you cheaper rates. If premiums increase, they can switch companies in-house and you don’t have to find a new agent. When comparing auto insurance prices, you will want to compare prices from at least one independent agent for maximum quote selection.

Shown below are Madison independent agents that are able to give price quotes.

6709 Raymond RdMadison, WI 53719(608) 216-7060View Map

2810 Crossroads Dr #4000Madison, WI 53718(608) 535-9291View Map

3830 Atwood AveMadison, WI 53714(608) 273-3361View Map

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Madison car insurance company ratings

Buying coverage from the best company is hard considering how many companies provide coverage in Wisconsin. The information listed below may help you decide which companies to look at shopping prices with.

Best Car Insurance Companies in Madison
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
The Hartford 87 89 84 87% A+ 88
Esurance 84 88 85 83% A+ 86
Farmers Insurance 79 88 84 87% A 84.7
The General 88 80 85 80% A- 84.5
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Data Source: Best Car Insurance Companies

Information about specific coverages

Having a good grasp of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most insurance policies.

Collision protection

Collision insurance pays for damage to your Grand Cherokee from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like colliding with a tree, sideswiping another vehicle, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible on your Grand Cherokee in order to get cheaper collision rates.

Uninsured Motorist or Underinsured Motorist insurance

This coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Jeep Grand Cherokee.

Since many Wisconsin drivers only purchase the least amount of liability that is required (25/50/10 in Wisconsin), their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a deer and fire damage. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Auto liability

This will cover damage or injury you incur to other people or property. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/10 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.

Liability can pay for claims such as structural damage, repair costs for stationary objects, medical services and pain and suffering. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford. Wisconsin requires drivers to carry at least 25/50/10 but you should think about purchasing more liability than the minimum.

The chart below demonstrates why buying minimum limits may not be enough.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like chiropractic care, hospital visits, dental work and pain medications. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay

Cheaper auto insurance is a realistic goal

As you prepare to switch companies, never skimp on coverage in order to save money. In too many instances, drivers have reduced liability limits or collision coverage only to discover later that they should have had better coverage. Your goal is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.

Cost effective Jeep Grand Cherokee insurance can be bought online and from local agencies, and you need to comparison shop both to get a complete price analysis. Some insurance companies don’t offer the ability to get quotes online and many times these regional carriers work with independent insurance agents.

How to save money on Jeep Grand Cherokee insurance in Madison

Really, the only way to get discount Jeep Grand Cherokee insurance is to start comparing prices yearly from different companies that sell auto insurance in Madison. Rates can be compared by following these guidelines.

  1. Learn about car insurance and the factors you can control to prevent expensive coverage. Many risk factors that increase rates such as careless driving and a substandard credit score can be controlled by improving your driving habits or financial responsibility.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive or Farmers Insurance, while agents who are independent can quote prices from many different companies.
  3. Compare the quotes to your existing rates to see if cheaper Grand Cherokee coverage is available. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.

An essential thing to point out is to try to use similar coverage information on each price quote and and to get prices from as many auto insurance providers as possible. Doing this ensures a level playing field and the best price selection.

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