Who Has the Cheapest Car Insurance Rates for a Jeep Grand Cherokee in Charlotte?

Buying competitive auto insurance for a Jeep Grand Cherokee in North Carolina is usually pretty straightforward, but it relies on a lot of things such as age of the vehicle, whether or not you garage your vehicle, and if you have tickets or violations. Drivers in North Carolina will pay on average $754 per year for Grand Cherokee insurance, but that price is an estimate calculated using a 30-year-old married male driver with full comprehensive and collision coverage and $250 deductibles.

Odds are that you may not be 30 years old (or even male), possibly single instead of married, or maybe you need higher liability limits than the state minimum. Having just a slight change in rating criteria can result in a massive change in how much coverage for a Jeep Grand Cherokee costs.

Not everyone needs the same coverages, so the only way to find cheap insurance prices for your Jeep is to compare rates from as many companies as possible. Get your free quotes now and you will receive prices from the best auto insurance companies in North Carolina.

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The trim level of your vehicle will most likely have an effect on price, so the rate you will pay to insure a Grand Cherokee Laredo 2WD trim level will be $84 cheaper than the insurance cost for the more costly Grand Cherokee SRT-8 4WD version, as shown in the chart below.

Jeep Grand Cherokee Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $192 $324 $250 $14 $74 $854 $71
Grand Cherokee Laredo 4WD $192 $324 $250 $14 $74 $854 $71
Grand Cherokee Limited 2WD $218 $382 $250 $14 $74 $938 $78
Grand Cherokee Limited 4WD $218 $382 $250 $14 $74 $938 $78
Grand Cherokee SRT-8 4WD $218 $382 $250 $14 $74 $938 $78
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Rates do not factor in Charlotte location which can revise auto insurance rates greatly.

Determining which companies offer the most affordable car insurance rates for a Jeep Grand Cherokee will take a bit more effort in order to find the lowest price quote. Every auto insurer has their own guidelines to determine premium rates, so let’s take a look at the most budget-friendly car insurance companies in Charlotte.

It’s important that you understand North Carolina car insurance rates are influenced by many factors that control the price of coverage. Turning one year older, having a claim, or having an accident can trigger changes in premium resulting in some rates now being affordable when they were higher priced.

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Cheapest North Carolina car insurance ranked by price
Rank Company Cost Per Year
1 Progressive $632
2 Utica National $662
3 NC Farm Bureau $709
4 Liberty Mutual $721
5 GEICO $728
6 Penn National $739
7 State Farm $756
8 Titan $759
9 Auto-Owners $844
10 Allied $892
11 Travelers $900
12 Erie $904
13 National General $917
14 Peerless $972
15 Nationwide $1,011
16 MetLife $1,018
17 Unitrin $1,032
18 Safeco $1,044
19 Encompass $1,063
20 Allstate $1,064
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Progressive may offer some of the best car insurance rates in Charlotte at around $632 per year. This is $240 less than the average price paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Liberty Mutual, and GEICO also qualify as some of the lowest-priced Charlotte, NC insurance companies.

In the rate table above, if you are currently insured with GEICO and switched to Utica National, you could see a yearly savings of upwards of $66. North Carolina drivers with Penn National could save as much as $77 a year, and State Farm insureds might reduce rates by $94 a year.

To get a quick, customized rate comparison, click here to get quotes or quote rates from the companies below.

Bear in mind that those premium estimates are averaged for all drivers and vehicles in North Carolina and and are not figured with a specific vehicle garaging location for a Jeep Grand Cherokee. So the auto insurance company that can offer you the best rate may not even be in the top 20 companies in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

The illustration below demonstrates how deductibles can increase or decrease insurance costs when trying to find cheap insurance for a Jeep Grand Cherokee. The premiums assume a single male driver, full coverage, and no discounts are applied to the premium.

In the chart above, a 40-year-old driver could lower rates by $286 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $432 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, can cut as much as $944 or even more by choosing a higher deductible.

If you do make the decision to raise your deductibles, it will be required to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

Should you buy full coverage?

Lowering the price of car insurance is important to most people, and one easy way to pay less for insurance for a Jeep Grand Cherokee is to not insure for full coverage. The chart below visualizes the comparison of insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on a clean driving record, no claims, $500 deductibles, drivers are single, and no additional discounts are factored in.

Averaged for all ages 20 through 70, full coverage costs $1,507 per year over liability only. That raises the question if it’s a good idea to buy full coverage. There is no definitive formula for excluding physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s book value is $6,500 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $5,500 after paying your policy deductible. If it’s costing in excess of $550 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few situations where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not buy liability only.

Low rates today, overpriced tomorrow

Charlotte, NC car insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. Getting older, moving to a new city, or getting a DUI can produce rate changes that can now make some companies much cheaper than others.

Not only may your situation change, but car insurance companies change premium rates as often as every quarter to reflect underwriting profits or losses. A period of higher than normal claims can result in a rate increase, while a profitable period may cause lower-cost Grand Cherokee insurance rates.

For example, the data below shows which companies have the cheapest car insurance in Charlotte, NC for a 45-year-old female driver with a clear driving record, no claims, and great credit. If we look at prices based on her personal risk profile, Progressive offers the best car insurance rates in Charlotte at $820 per year. This is $52 less than the average premium paid by North Carolina drivers of $872. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual are the rest of the best Charlotte, NC auto insurance companies.

In this example, we will give the driver from the first set of rates a couple of claims, a lower credit rating, and a few traffic violations. Since every car insurance company has a different process for determining prices, comparing rates may now result in a substantially altered list of the cheapest Charlotte car insurance companies as shown below.

Titan now has the cheapest price in Charlotte with State Farm, Auto-Owners, Utica National, and Erie now rounding out the top five. This example shows why consumers need to perform a complete rate comparison when trying to find affordable auto insurance quotes for a Jeep Grand Cherokee. Car insurance prices can be determined by many risk factors and can decrease or increase without notice, so the best option a year ago may now be costing you a lot of money.

The Charlotte auto insurance agencies shown below can help you determine which coverage meets your needs best, as many consumers aren’t sure which coverage to buy and prefer to get some help when comparing insurance rates for a Jeep Grand Cherokee. It’s not always simple to find the cheapest rate yourself, so agents can give you peace of mind knowing your coverage gives you adequate protection in case of an accident or claim.

To find an auto insurance agency by location nearest to you, click the link after the list.

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Tips for buying low-cost auto insurance for a Jeep Grand Cherokee

It’s not impossible to find cheaper rates, and here are some of the better thrifty suggestions that can help drivers get low-cost coverage.

The last tip in the list is extremely vital, as we discussed in the prior article. Prices can be changed at any time, so drivers shouldn’t hesitate to buy from a new company if a cheaper rate is available. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that faithfulness ends up costing you hundreds every year. It only takes a couple minutes to compare rates to find cheaper auto insurance for a Jeep Grand Cherokee in Charlotte.