Do you want a faster way to compare more competitive Jeep Grand Cherokee insurance in Portland? If you are new to online insurance, you can be confused by the sheer number of insurers all claiming to save you money.
A recent NerdWallet.com study revealed that about 70% of customers kept buying from the same company for at least four years, and roughly 40% of drivers have never shopped around. U.S. drivers could cut their rates by $860 a year, but they just feel it’s too hard to go online and compare rates.
If you have a current auto insurance policy, you will surely be able to cut your premiums using these techniques. Finding affordable auto insurance policy in Portland is not as time-consuming as you think. Although Oregon drivers do need to know the way insurance companies price online insurance and use this information to your advantage.
Most larger insurance companies such as Allstate, GEICO and Progressive give pricing online. This process is quite easy as you simply enter the amount of coverage you want into the quote form. When complete, their quoting system requests credit information and your driving record and generates pricing information based on these and other factors.
Quoting online for Jeep Grand Cherokee insurance in Portland makes it a lot easier to compare rates and it’s absolutely necessary to do this if you are searching for a better rate.
If you want to get comparison pricing now, take a look at the companies shown below. If you currently have coverage, we recommend you type in the insurance coverages exactly as shown on your declarations page. This makes sure you will get an apples-to-apples comparison for similar coverage.
The providers in the list below are our best choices to provide comparison quotes in Portland, OR. To find cheap car insurance in Oregon, we recommend you compare several of them to get the best price comparison.
Rates and information analytics
The information shown below highlights estimates of rate quotes for Jeep Grand Cherokee models. Having a better understanding of how premiums are calculated can benefit drivers when making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $138 | $240 | $330 | $20 | $98 | $826 | $69 |
| Grand Cherokee Laredo 4WD | $138 | $240 | $330 | $20 | $98 | $826 | $69 |
| Grand Cherokee Limited 2WD | $156 | $284 | $330 | $20 | $98 | $888 | $74 |
| Grand Cherokee Limited 4WD | $156 | $284 | $330 | $20 | $98 | $888 | $74 |
| Grand Cherokee SRT-8 4WD | $156 | $284 | $330 | $20 | $98 | $888 | $74 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, multi-vehicle, and safe-driver. Price information does not factor in specific location which can increase or decrease premiums greatly.
Higher deductibles save money
One frequently asked question is how high should your deductibles be. The data tables below determine how much more rates are when you buy lower versus higher physical damage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $246 | $416 | $320 | $18 | $96 | $1,121 | $93 |
| Grand Cherokee Laredo 4WD | $246 | $416 | $320 | $18 | $96 | $1,121 | $93 |
| Grand Cherokee Limited 2WD | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| Grand Cherokee Limited 4WD | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| Grand Cherokee SRT-8 4WD | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $152 | $262 | $320 | $18 | $96 | $848 | $71 |
| Grand Cherokee Laredo 4WD | $152 | $262 | $320 | $18 | $96 | $848 | $71 |
| Grand Cherokee Limited 2WD | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| Grand Cherokee Limited 4WD | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| Grand Cherokee SRT-8 4WD | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Prices do not factor in specific location which can change premium rates noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $24 more each month or $288 for a full year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 31 months between claims, you would come out ahead if you choose the higher deductible. The numbers below show the way you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $98 |
| Average monthly premium for $1,000 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $24 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $24 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 31 months |
One thing to note is that increasing deductibles to save money means you will have to cover more of the damage yourself when you have a physical damage claim. You should have some extra funds in the event you have to pay more for the deductible.
Poor driving habits will raise your car insurance rates
The chart below shows how violations and accident claims can influence Jeep Grand Cherokee premium costs for each age group. The rate quotes are based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
Annual premiums for males compared to females
The information below shows the comparison of Jeep Grand Cherokee yearly insurance costs for male and female drivers. The premiums assume no claims or driving violations, full coverage, $100 deductibles, single marital status, and no additional discounts are factored in.
Difference between full coverage and liability only rates
The information below shows the comparison of Jeep Grand Cherokee annual premium costs with liability coverage only compared to full coverage. The rates are based on no accidents, no driving violations, $1,000 deductibles, single status, and no discounts are factored in.
Guidelines for dropping full coverage
There is no definitive formula of when to phase out physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Jeep Grand Cherokee settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying more than $500 annually to have full coverage, then it might be time to buy liability only.
There are some circumstances where buying only liability insurance is not a good idea. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should not eliminate full coverage.
Why you need Grand Cherokee insurance in Oregon
Even though it’s not necessarily cheap to insure a Jeep in Portland, insurance serves an important purpose.
- The majority of states have minimum liability requirements which means you are required to carry specific minimum amounts of liability coverage if you don’t want to risk a ticket. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you bought your Jeep with a loan, most banks will require you to buy full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank will be required to insure your Jeep for a much higher rate and force you to pay for it.
- Auto insurance preserves not only your Jeep but also your financial assets. It will also provide coverage for medical bills for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.
The benefits of carrying enough insurance definitely exceed the price paid, particularly when you have a large claim. According to a recent study, the average American driver is currently overpaying as much as $800 each year so it’s recommended you shop around each time the policy renews to help ensure money is not being wasted.
Jeep Grand Cherokee Insurance Premium Factors
Lots of things are part of the equation when premium rates are determined. Some are obvious like your driving record, but other factors are not quite as obvious like your continuous coverage or how safe your car is. One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that play a part in calculating your policy premiums. When consumers understand what influences your rates, this helps enable you to make changes that can earn you much lower annual insurance costs.
City traffic equals higher premiums – Being located in less populated areas of the country is a good thing when talking about auto insurance. Fewer people means fewer accidents and lower theft and vandalism rates. Urban drivers have more traffic problems and a longer drive to work. Longer commute distances translates into higher accident risk.
Low credit history equals high prices – An insured’s credit score will be a significant factor in determining what you pay for auto insurance. Therefore, if your credit history can be improved, you may save money insuring your Jeep Grand Cherokee by improving your rating. People that have excellent credit tend to file fewer claims as compared to drivers with worse credit.
With age comes lower costs – Older people have been proven to be more responsible, file fewer claims, and are generally more financially stable. Teen drivers are proven to be inattentive and easily distracted in a vehicle therefore auto insurance rates are much higher.
The following chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
Maintain auto insurance coverage – Having a lapse in insurance coverage is a guaranteed way to bump up your auto insurance costs. Not only will you pay higher rates, failure to provide proof of insurance could earn you a steep fine or even jail time.
Policy add-ons may not be needed – Insurance policies have a lot of extra coverages that you can get tricked into buying on your Grand Cherokee policy. Coverage for things like vanishing deductibles, accident forgiveness, and additional equipment coverage may be costing you every month. They may seem good when buying your policy, but your money might be better spent on other coverage so get rid of them and save.
The more you drive the more you pay – The more you drive your Jeep every year the more you will pay for auto insurance. Almost all companies rate vehicles partially by how you use the vehicle. Autos that are left in the garage receive better premium rates than cars that get driven a lot. It’s a smart idea to ensure your auto insurance policy reflects annual mileage. An incorrectly rated Grand Cherokee can cost quite a bit.
Jeep Grand Cherokee insurance claim data – Insurers factor in insurance loss information when they calculate premium rates for each model. Models that statistically have higher claim amounts or frequency will have higher premium rates. The information below illustrates the insurance loss data for Jeep Grand Cherokee vehicles.
For each policy coverage type, the claim probability for all vehicles compiled together is set at 100. Values that are 100 or less are indicative of better than average losses, while percentages above 100 point to more claims or larger claims.
| Specific Jeep 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 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Jeep Grand Cherokee insurance discounts in Portland
Insurance can cost an arm and a leg, but there could be available discounts that can drop the cost substantially. Certain discounts will be applied at the time of quoting, but lesser-known reductions have to be asked about before they will apply.
- Club Memberships – Having an affiliation with qualifying clubs or civic groups could qualify you for a break on your next renewal.
- Responsible Drivers – Safe drivers can save up to 40% or more on their Portland auto insurance quote compared to accident prone drivers.
- E-sign Discounts – A few companies provide a small discount simply for signing online.
- Drivers Education – Make teen driver coverage more affordable by requiring them to take driver’s ed class as it can save substantially.
- Renewal Discounts – A few larger companies allow discounts for switching policies prior to your current Grand Cherokee insurance policy expiration. You can save around 10% with this discount.
Just know that most credits do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like adding up those discounts means a free policy, nobody gets a free ride.
The diagram below illustrates the comparison of Jeep Grand Cherokee insurance costs with and without discounts applied. The rate quotes are based on a female driver, no claims or driving citations, Oregon state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, claim-free, safe-driver, and homeowner discounts applied.
If you would like to view providers with the best discounts in Oregon, click this link.
How to know if you need help
When choosing a policy, there is no “perfect” insurance plan. Your financial needs are unique and your policy should reflect that.
Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.
- If my pet gets injured in an accident are they covered?
- Do I need special endorsements for business use of my vehicle?
- Do I need roadside assistance coverage?
- What are the financial responsibility laws in my state?
- Do I need special coverage while pulling a rented trailer?
- When should I have rental car coverage?
If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance companies in your area.
Do I need an insurance agency?
Many people just want to buy from a local agent and that can be a great decision The best thing about getting free rate quotes online is the fact that you can find better rates and still choose a local agent.
After filling out this simple form, your information is emailed to insurance agents in Portland that give free quotes and help you find cheaper coverage. It makes it easy because there is no need to find an agent as quotes are delivered directly to your email. You can find the lowest rates and a licensed agent to talk to. In the event you want to get a price quote for a specific company, you would need to navigate to their website and give them your coverage information.
Picking an provider requires more thought than just a cheap price quote. Some important questions to ask are:
- Is there any savings for paying the full premium?
- Where would glass claims be handled in Portland?
- Did they already check your driving record and credit reports?
- Is the agency active in community causes in Portland?
- Do they have cheaper tiers of coverage?
- Is vehicle damage repaired with OEM or aftermarket parts?
- When do they do a full risk review?
Cover all your bases
When shopping online for car insurance, make sure you don’t buy poor coverage just to save money. There have been many cases where an insured cut full coverage only to discover later that they should have had better coverage. The ultimate goal is to find the BEST coverage for the lowest cost, not the least amount of coverage.
Some car insurance companies don’t offer the ability to get a quote online and many times these small, regional companies only sell through local independent agents. The cheapest Jeep Grand Cherokee insurance in Portland is attainable both online in addition to many Portland insurance agents, so you need to compare both to have the best rate selection.
Steps to buying low-cost Jeep Grand Cherokee insurance in Portland
The best way to find affordable auto insurance rates in Portland is to start comparing rates regularly from insurers in Oregon. Prices can be compared by following these guidelines.
- Read and learn about the coverage provided by your policy and the modifications you can make to lower rates. Many factors that cause high rates such as at-fault accidents, careless driving, and poor credit history can be rectified by making minor changes in your lifestyle.
- Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while independent agents can quote rates from multiple insurance companies.
- Compare the price quotes to your current policy to see if you can save by switching companies. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
The key thing to remember is to use similar deductibles and liability limits on every quote request and to quote with as many companies as possible. Doing this guarantees the most accurate price comparison and a good representation of prices.
Additional information can be read at the links below
- Where can I buy Insurance? (Insurance Information Institute)
- How Much are Portland Auto Insurance Quotes for Postal Workers? (FAQ)
- Who Has Affordable Auto Insurance for Teenage Males in Portland? (FAQ)
- How Much is Portland Auto Insurance for Police Officers? (FAQ)
- Who Has the Cheapest Portland Auto Insurance for a Toyota Corolla? (FAQ)
- Who Has the Cheapest Auto Insurance for Inexperienced Drivers in Portland? (FAQ)
- What is Gap Insurance? (Insurance Information Institute)
- Your Car has been Stolen: Now What? (Allstate)