How Much Does Insurance Cost for a Jeep Grand Cherokee in Colorado?

How Much Does Insurance Cost for a Jeep Grand Cherokee in Colorado?

Our content editors always give us grief that when writing about car insurance, the word affordable should not appear anywhere in the article to describe car insurance prices. Despite the oxymoron, cheap car insurance for a Jeep Grand Cherokee can be difficult to find. But don’t despair, because we can show you some ways you can get insurance that won’t break your budget.

Your odds of finding cheaper insurance for a Jeep Grand Cherokee in Colorado is contingent on a lot of rating criteria like how experienced of a driver you are, if you have ever let your coverage lapse, and any past driving violations you may have had. Colorado drivers will pay around $1,090 a year to insure a Jeep Grand Cherokee, but that policy rate is a projection using rate data for a 40-year-old single female driver that includes both comprehensive and collision coverage and $500 deductibles.

When projecting a rate like this, the problem is that you’re not a 40-year-old female, possibly married instead of single, and there is a good chance that other rated drivers impact the rate. Car insurance rates are unique for each driver, so the best way to quote cheap car insurance rates for your Jeep is to comparison shop your policy at each renewal.

Compare Jeep Grand Cherokee Insurance Rates

The trim level of your vehicle impacts the annual cost of coverage, so the price you will be charged to insure a Grand Cherokee Laredo 2WD model will cost $104 less than the cost to insure the higher-priced Grand Cherokee SRT-8 4WD model, as shown by the rates below.

Jeep Grand Cherokee Insurance Rates in Colorado
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $212 $416 $456 $28 $136 $1,248 $104
Grand Cherokee Laredo 4WD $212 $416 $456 $28 $136 $1,248 $104
Grand Cherokee Limited 2WD $240 $492 $456 $28 $136 $1,352 $113
Grand Cherokee Limited 4WD $240 $492 $456 $28 $136 $1,352 $113
Grand Cherokee SRT-8 4WD $240 $492 $456 $28 $136 $1,352 $113
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium costs do not factor in specific location information which can modify auto insurance rates substantially.

Insuring your vehicle with the top insurer can be difficult considering how many different companies insure vehicles in Colorado. The company rank data shown below can help you decide which companies to look at purchasing from.

These ratings only include large nationwide companies, so companies that have a smaller presence are not taken into consideration for the list. To compare prices from these and other top-rated companies, click here.

Top 10 Large Car Insurance Companies in Colorado Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA Insurance – 91%
  4. Nationwide – 90%
  5. State Farm – 90%
  6. The Hartford – 89%
  7. GEICO – 89%
  8. Allstate – 88%
  9. 21st Century – 88%
  10. The General – 88%

Top 10 Large Car Insurance Companies in Colorado Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. The General

Top Companies for Jeep Grand Cherokee Insurance in Colorado

Tickets and at-fault accidents raise rates

One of the best ways to receive the most affordable car insurance premiums for a Grand Cherokee is to pay attention while driving and avoid at-fault accidents and violations. The chart below highlights how traffic violations and accidents can impact insurance premiums for different age groups. The data is based on a single male driver, full coverage, $250 deductibles, and no other discounts are factored in.

In the previous chart, the average cost of a car insurance policy in Colorado per year with no accidents and a clean driving record is $2,186. Get written up for two speeding tickets and the average cost rises to $2,897, an increase of $711 each year. Then include two accidents along with the two speeding tickets and the yearly cost of car insurance for a Jeep Grand Cherokee increases to an average of $5,515. That’s an increase of $3,329, or $277 per month, just for not being a responsible driver!

Don’t stick with an overpriced policy

Colorado car insurance rates are determined by lots of factors which can significantly increase or decrease the price of coverage. Improving your credit score, becoming a homeowner, or getting a ticket for careless driving may cause policy rate changes resulting in some companies being more affordable than before. And not only may your rating factors change, but companies file new Colorado car insurance rates as often as every three months in order to be able to pay unexpected claims. Significantly higher losses may result in increased policy costs, while lower claim expenses can produce lower-priced Grand Cherokee insurance rates.

To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Colorado for a 30-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we compare prices based on his current risk factors, The Hartford may have the most affordable car insurance rates in Colorado at $850 per year. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also make the list of the most affordable Colorado auto insurance companies.

Now we will give the driver from the first example a couple of claims, a lower credit rating, and a speeding ticket. Because each company has their own process to determing premium rates, analyzing rate quotes could result in a different set of the cheapest Colorado car insurance companies as shown below.

Travelers now has the best insurance rate in Colorado with State Farm, American Family, Amica, and Progressive also being competitive. This example proves why it is crucial to take the time to shop around to find the most affordable auto insurance quotes for a Jeep Grand Cherokee.

Prices are determined by many risk factors and can decrease or increase without notice, so the cheapest option three years ago may now not even be in the top five.

Find cheap insurance for a Jeep Grand Cherokee in Colorado

The list below details some of the better penny-pinching suggestions that can help Colorado drivers locate more affordable car insurance.

  • Accident-free drivers may qualify for discounts
  • Raise physical damage deductibles
  • Violations like speeding or DUI increase rates
  • Buy safe vehicles
  • Do not pay for full coverage on older vehicles
  • Drivers with good credit often pay less
  • Keep rates low by comparing prices once a year

The last tip is highly necessary, as we stressed in the article above. Rates in Colorado fluctuate constantly, so drivers shouldn’t hesitate to switch carriers if you find a cheaper price.

Having brand loyalty is commendable, but it’s not a good idea if that loyalty ends up costing hundreds of dollars a year. In just a few minutes you could compare prices and find cheaper car insurance for a Jeep Grand Cherokee.