Finding economical car insurance for a Jeep Grand Cherokee in Alaska is pretty easy to do, but it depends on a large number of rating criteria such as age of the vehicle, your profession, and your choice of deductibles. Alaska drivers will pay on average $1,130 each year for Grand Cherokee insurance, but that figure is an approximation based upon a 30-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
The issue with using an average estimated rate is the likelihood you may not be 30 years old (or even female), possibly married instead of single, or maybe you rent instead of own your home. Having what appears to be a very minor change in the rating criteria used to formulate rates can make a big difference in the cost of insurance for a Jeep Grand Cherokee.
This demonstrates why the way we recommend to find cheap insurance prices for your Jeep is to just take the time to compare rates yourself. In just a few minutes you will be able to compare rates from the best companies available.
View Jeep Grand Cherokee Insurance Rates
Your Jeep’s trim level tends to have a direct impact on price, so the cost to insure a Grand Cherokee Laredo 2WD model will be $126 less than the cost to insure the more costly Grand Cherokee SRT-8 4WD model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $260 | $520 | $368 | $22 | $110 | $1,280 | $107 |
| Grand Cherokee Laredo 4WD | $260 | $520 | $368 | $22 | $110 | $1,280 | $107 |
| Grand Cherokee Limited 2WD | $294 | $612 | $368 | $22 | $110 | $1,406 | $117 |
| Grand Cherokee Limited 4WD | $294 | $612 | $368 | $22 | $110 | $1,406 | $117 |
| Grand Cherokee SRT-8 4WD | $294 | $612 | $368 | $22 | $110 | $1,406 | $117 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in specific zip code location which can revise auto insurance rates greatly.
Buying coverage from a high-quality company can be difficult considering how many companies there are in Anchorage. The ranking data listed below may help you pick which auto insurers to look at when comparing insurance rates for a Jeep Grand Cherokee.
These ratings include companies that insure vehicles nationwide, so companies that focus mainly on Alaska business are not included in these rankings. To view rates from these top insurers and more, click this link.
Top 10 Large Auto Insurers in Anchorage Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- GEICO – 89%
- The Hartford – 89%
- The General – 88%
- 21st Century – 88%
- Allstate – 88%
- Liberty Mutual – 88%
- Esurance – 87%
Top 10 Large Auto Insurers in Anchorage Ranked by Claims Service
- State Farm
- Esurance
- AAA Insurance
- Progressive
- GEICO
- Liberty Mutual
- Allstate
- The Hartford
- The General
- Farmers Insurance
Safe drivers pay less for car insurance
A great way to receive affordable car insurance prices for a Grand Cherokee is to drive attentively and avoid accidents and violations. The chart below highlights how speeding tickets and at-fault fender-benders influence insurance rates for different age groups. The data assumes a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
The chart shows that the average cost of a car insurance policy in Anchorage per year with no accidents and a clean driving record is $1,699. Get one speeding ticket and the average cost increases to $1,914, an increase of $216 each year. Then throw in one accident along with the one speeding ticket and the annual cost of car insurance for a Jeep Grand Cherokee jumps again to an average of $2,516. That’s an increase of $817, or $68 per month, just for not paying attention while driving!
Get discount Anchorage auto insurance rates
Insurance providers that offer coverage for a Jeep Grand Cherokee may additionally offer price discounts that could reduce prices by as much as 35% if you are eligible. A list of companies and the discounts they provide are shown below.
- American Family may have discounts that include TimeAway discount, good driver, good student, mySafetyValet, multi-vehicle, and bundled insurance.
- State Farm may offer discounts for accident-free, safe vehicle, Steer Clear safe driver discount, anti-theft, defensive driving training, multiple policy, and good driver.
- 21st Century offers discounts including automatic seat belts, theft prevention, early bird, student driver, anti-lock brakes, homeowners, and air bags.
- Travelers policyholders can earn discounts including home ownership, driver training, early quote, new car, continuous insurance, and save driver.
- GEICO has savings for seat belt use, anti-lock brakes, multi-vehicle, anti-theft, defensive driver, driver training, and five-year accident-free.
The information below shows the comparison of auto insurance costs with and without some available policy discounts. The data is based on a male driver, a clean driving record, no at-fault accidents, Alaska state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, accident-free, anti-theft, vehicle safety, multiple vehicle, and marriage discounts applied. With discounts applied, theaverage amount saved on car insurance for a Jeep Grand Cherokee is 28% or $561.
Should you buy full coverage?
Paying a lower price for car insurance is important to the majority of drivers, and a good way to reduce the cost of insurance for a Jeep Grand Cherokee is to only buy liability coverage. The illustration below shows the comparison of car insurance costs when comparing full coverage to liability only. The price estimates are based on no driving violations, no at-fault accidents, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
As an average for all age groups, full coverage costs an additional $1,357 per year over and above liability coverage. That is a large expense and it proposes the question if you should buy full coverage at all. There is no written rule of when to phase out comp and collision coverage, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
There are some circumstances where only buying liability is not advised. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.