Auto Insurance Rates for a Jeep Grand Cherokee in Newark

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Insurance quote for Jeep Grand Cherokee in NewarkDid you come to the realization that you have an expensive insurance policy? You're preaching to the choir because there are many Newark consumers feeling the pinch from expensive insurance.

Sadly, nearly 70% of consumers have been with the same company for at least four years, and just under half have never compared insurance rates at all. Newark insurance shoppers could save themselves 40% a year just by getting comparison quotes, but they assume it's a waste of time to compare rates and save money.

How to save money on Jeep Grand Cherokee insurance in Newark

It takes a little time, but the best way to find lower priced Jeep Grand Cherokee insurance is to make a habit of regularly comparing prices from insurers in Newark.

First, take a little time to learn about how your policy works and the measures you can control to prevent expensive coverage. Many rating factors that cause high rates like careless driving and a substandard credit history can be remedied by improving your driving habits or financial responsibility.

Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes from many different companies.

Third, compare the new quotes to your current policy to see if you can save by switching companies. If you can save money and buy the policy, ensure coverage does not lapse between policies.

Fourth, give notification to your agent or company to cancel your current coverage. Submit payment and a signed application for the new coverage. Once received, place the new proof of insurance paperwork in an accessible location in your vehicle.

A crucial key to this process is to compare the same amount of coverage on every quote and and to get quotes from as many different companies as possible. This enables an apples-to-apples comparison and the best rate selection.

Multiple auto insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies and get the best coverage at the best price available on Jeep Grand Cherokee insurance in Newark.

Discounts can help lower rates on Jeep Grand Cherokee insurance in Newark

Auto insurance is not an enjoyable expense, but you can get discounts that many people don't even know exist. A few discounts will be applied at the time you complete a quote, but once in a while a discount must be manually applied in order for you to get them.

  • No Claims - Insureds who avoid accidents and claims have much lower rates when compared to policyholders that have many claims.
  • Senior Citizen Discount - Mature drivers could receive lower premium rates.
  • Federal Government Employee - Active or retired federal employment could qualify for a slight premium decrease depending on your auto insurance provider.
  • Responsible Drivers - Drivers without accidents can pay as much as 50% less than drivers with accidents.
  • College Student - Youth drivers who are attending college and do not have a car could qualify for this discount.
  • Full Payment Discount - By paying your policy upfront rather than paying in monthly installments you can actually save on your bill.
  • Theft Deterrent Discount - Cars, trucks, and SUVs optioned with advanced anti-theft systems can help prevent theft and that can save you a little bit as well.
  • Auto/Home Discount - If you combine your home and auto policies and insure them with the same company you may save 10% to 20% off each policy.
  • Discount for New Cars - Putting coverage on a new Grand Cherokee may earn a small discount since newer vehicles have better safety ratings.

Just know that some credits don't apply to the entire cost. Most only cut specific coverage prices like comp or med pay. So when the math indicates having all the discounts means you get insurance for free, it doesn't quite work that way.

The chart below illustrates the difference between Jeep Grand Cherokee yearly insurance costs with and without discounts applied to the rates. The costs are based on a male driver, no claims or violations, New Jersey state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, multi-policy, safe-driver, marriage, and multi-car discounts applied.

Popular auto insurance companies and the discounts they provide can be found below.

  • 21st Century offers premium reductions for anti-lock brakes, good student, homeowners, early bird, and teen driver.
  • Progressive discounts include continuous coverage, good student, multi-vehicle, online quote discount, multi-policy, and homeowner.
  • State Farm offers discounts including multiple autos, multiple policy, safe vehicle, Steer Clear safe driver discount, and student away at school.
  • Nationwide policyholders can earn discounts including good student, business or organization, Farm Bureau membership, multi-policy, and easy pay.
  • Esurance may include discounts for anti-theft, claim free, defensive driver, good driver, paid-in-full, online quote, and safety device.
  • The Hartford may offer discounts for air bag, good student, bundle, defensive driver, driver training, and anti-theft.

Double check with all the companies how you can save money. A few discounts may not apply to policyholders in every state. If you would like to see a list of companies with the best discounts in New Jersey, click this link.

There are several ways to compare prices from companies that offer insurance in New Jersey. The simplest method to find the cheapest Jeep Grand Cherokee insurance rates involves getting comparison quotes online.

Getting price quotes online is very simple and it takes the place of having to call or drive to different Newark agent offices. Buying insurance online can eliminate the need for a local agent unless you have a complicated situation and need the trained guidance that can only be provided by a licensed insurance agent. It is possible with some companies comparison shop your insurance online but purchase the actual policy in an agency. Just keep in mind that having more price comparisons gives you a better chance of getting a lower rate than you're paying now.

The companies in the list below provide price quotes in Newark, NJ. If you want to find cheap auto insurance in NJ, we recommend you get rates from several of them to get the best price comparison.

Auto insurance data for a Jeep Grand Cherokee

The premium information below highlights a range of insurance costs for Jeep Grand Cherokee models. Having insight into how auto insurance policy rates are calculated can help drivers make smart choices when choosing a car insurance company.

Jeep Grand Cherokee Insurance Rates in Newark, NJ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $262 $394 $630 $38 $188 $1,512 $126
Grand Cherokee Laredo 4WD $262 $394 $630 $38 $188 $1,512 $126
Grand Cherokee Limited 2WD $296 $464 $630 $38 $188 $1,616 $135
Grand Cherokee Limited 4WD $296 $464 $630 $38 $188 $1,616 $135
Grand Cherokee SRT-8 4WD $296 $464 $630 $38 $188 $1,616 $135
Get Your Own Custom Quote Go

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Estimates do not factor in the specific area where the vehicle is garaged which can lower or raise price quotes considerably.

The chart below highlights how deductible choice and can change Jeep Grand Cherokee insurance premiums for different age groups. The information is based on a married male driver, full physical damage coverage, and no discounts are applied.

Irresponsible driving raises your rates

The information below demonstrates how citations and at-fault accidents can impact Jeep Grand Cherokee insurance premiums for each age group. The premium estimates are based on a single male driver, full coverage, $100 deductibles, and no other discounts are factored in.

Insurance Price Influencing Factors

Multiple criteria are part of the calculation when quoting car insurance. A few of the factors are predictable such as your driving record, but other criteria are not quite as obvious such as whether you are married or your vehicle rating. Consumers need to have an understanding of a few of the rating criteria that go into determining the price you pay for car insurance. When consumers understand what determines premiums, this allows you to make educated decisions that may reward you with lower premium levels.

Remove unneeded add-on coverages - Insurance companies have many optional add-on coverages that sound like a good idea at the time but may not be useful. Coverage for things like replacement cost coverage, high-cost glass coverage, and additional equipment coverage are some examples. The coverages may be enticing initially, but your money might be better spent on other coverage so remove them and pocket the money.

Where you call home plays a part - Residing in small towns and rural areas can be a good thing when insuring your vehicles. Fewer drivers and short commutes means a lower chance of having an accident and a lower car theft rate. Drivers in populated New Jersey areas have to deal with more road rage incidents and more severe claims. Higher commute times statistically corresponds to a higher accident and claim rate.

Lower prices by staying claim free - If you file claims often, you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies in New Jersey award discounts to policyholders who do not file claims often. Insurance coverage is meant to be used in the event of the large, substantial claims.

How many miles do you drive? - Driving a lot of miles in a year the higher the price you pay to insure it. Most companies rate vehicles based on their usage. Cars left parked in the garage can get a lower rate than cars that get driven a lot. It's always a good idea to double check that your car insurance policy states annual mileage. Having the wrong rating on your Grand Cherokee is just wasting money.

Older drivers pay less - Older insureds are more responsible, tend to cause fewer accidents, and receive fewer citations. Young drivers are known to be easily distracted when driving with friends so car insurance rates are higher.

The following chart assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Gender matters - The statistics show women are more cautious behind the wheel. However, this does not mean females are better at driving than males. Males and females tend to get into fender benders at about the same rate, but the male of the species tend to have more serious accidents. Men also statistically receive more major tickets such as driving while intoxicated (DWI) or driving recklessly.

The information below illustrates the difference between Jeep Grand Cherokee insurance costs for male and female drivers. The premiums assume no claims or violations, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no policy discounts are applied.

Better rates for no policy lapses - Driving your car without having proper coverage is not a good idea and any future policy may cost more because you let your insurance expire. Not only will rates go up, the inability to provide proof of insurance might get you fines and jail time.

Lower performance equals lower insurance prices - The make and model of the car or truck you are insuring makes a significant difference in your car insurance bill. The best insurance prices are for small economy passenger cars, but the cost you end up paying is determined by many additional factors.

The following data uses these assumptions: married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. The chart compares Jeep Grand Cherokee insurance rates compared to other vehicles that have different performances.

Jeep Grand Cherokee claim data - Insurance companies factor in historical loss data when they calculate premium costs for each model. Models that the data shows to have higher loss trends will cost more for coverage. The table below demonstrates the historical insurance loss data for Jeep Grand Cherokee vehicles.

For each policy coverage type, the claim amount for all vehicles averaged together equals 100. Numbers below 100 are indicative of better than average losses, while values over 100 indicate more frequent losses or an increased chance of larger losses than average.

Jeep Grand Cherokee Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Grand Cherokee 4dr 2WD 81 111 71 62 60 94
Jeep Grand Cherokee 4dr 4WD 91 112 98 67 63 89
BETTER
AVERAGE
WORSE

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Everyone needs different insurance coverages

Keep in mind that when it comes to choosing coverage online or from an agent, there really isn't a cookie cutter policy. Everyone's needs are different.

These are some specific questions can aid in determining whether you could use an agent's help.

  • What is an adequate liability insurance limit?
  • What is an umbrella policy?
  • Does liability extend to a camper or trailer?
  • How does medical payments coverage work?
  • Are there any extra discounts I can get?
  • When would I need rental car insurance?

If you don't know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, fill out this quick form.

Independent versus exclusive insurance agents

A lot of people just prefer to sit down with an agent and often times that is recommended An additional benefit of comparing rate quotes online is that drivers can save money and get lower rates and also buy local.

Insurance agency in NewarkUpon completion of this form (opens in new window), your insurance coverage information is transmitted to local insurance agents in Newark who will gladly provide quotes to get your business. You won't even need to leave your house because prices are sent directly to your email. Get lower rates and an insurance agent to talk to. If you need to compare rates from a specific insurance company, you would need to search and find their rate quote page to submit a rate quote request.

Picking a company shouldn't rely on just a cheap price quote. The questions below may impact your decision as well.

  • What discounts might you be missing?
  • Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
  • Are they able to provide referrals?
  • Do they prorate repair cost based on vehicle mileage?
  • How much training do they have in personal risk management?
  • How does the company pay claims for a total loss?

Below is a short list of auto insurance companies in Newark that are able to give price quote information for Jeep Grand Cherokee insurance in Newark.


66 Wilson Ave - Newark, NJ 07105 - (973) 690-6400 - View Map


681 1/2 Mt Prospect Ave - Newark, NJ 07104 - (973) 484-5772 - View Map


360 Chestnut St - Newark, NJ 07105 - (800) 701-5909 - View Map


217 Ferry St - Newark, NJ 07105 - (973) 344-2000 - View Map

View more agents

Why do I need car insurance?

Despite the high insurance cost for a Jeep Grand Cherokee in Newark, auto insurance is required for several reasons.

First, the majority of states have mandatory liability insurance requirements which means state laws require a specific level of liability coverage if you drive a vehicle. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if you have a loan on your Grand Cherokee, almost every bank will make it mandatory that you buy insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the lender will be forced to insure your Jeep at a significantly higher premium and force you to reimburse them for the expensive policy.

Third, auto insurance preserves both your Jeep Grand Cherokee and your assets. It will also reimburse you for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will pay all costs to repair after the deductible has been paid.

The benefits of buying auto insurance more than cancel out the cost, especially with large liability claims. As of last year, the average driver in New Jersey is overpaying more than $810 a year so smart consumers compare quotes at every renewal to ensure rates are competitive.

You can find cheaper coverage

Insureds change insurance companies for many reasons like being labeled a high risk driver, policy non-renewal, poor customer service and even delays in responding to claim requests. No matter why you want to switch, finding a new car insurance company is pretty simple and you could end up saving a buck or two.

When getting Newark car insurance quotes online, do not buy poor coverage just to save money. There have been many cases where an accident victim reduced collision coverage and learned later that it was a big error on their part. Your strategy should be to purchase plenty of coverage at the best possible price while still protecting your assets.

Discount Jeep Grand Cherokee insurance in Newark can be found online in addition to local insurance agencies, and you need to comparison shop both so you have a total pricing picture. Some insurance companies may not offer rate quotes online and most of the time these regional carriers only sell coverage through independent agents.

Steps to finding better rates for Jeep Grand Cherokee insurance in Newark

The best way to find low-cost prices for Jeep Grand Cherokee insurance in Newark is to start doing an annual price comparison from providers in New Jersey. You can shop around by following these steps.

Step 1: Read and learn about how auto insurance works and the things you can change to keep rates in check. Many things that increase rates like traffic citations, accidents, and an unacceptable credit rating can be improved by improving your driving habits or financial responsibility.

Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like Progressive or State Farm, while agents who are independent can provide price quotes for many different companies. View insurance agents

Step 3: Compare the new rate quotes to the premium of your current policy to see if a cheaper rate is available. If you can save money, verify that coverage does not lapse between policies.

Step 4: Provide proper notification to your current company of your intention to cancel your existing policy and submit the signed application along with the required initial payment for the new coverage. Immediately upon receiving it, store the proof of insurance certificate along with the vehicle's registration papers.

An important note is to try to use the same coverage limits and deductibles on each quote and and to look at every company you can. This helps ensure a level playing field and a thorough selection of prices.

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