How Much Does 2004 Jeep Grand Cherokee Insurance Cost?

Trying to find cheaper insurance rates for your Jeep Grand Cherokee? Nobody I know likes having to buy insurance, especially when they know the cost is too high.

Many auto insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and uncover the absolute cheapest price

Finding insurance coverage

There are a variety of methods to shop for insurance coverage, and some are easier and takes less work. You could waste a few hours talking to insurance companies in your area, or you could save time and use the web to get pricing more quickly.

Many of the larger companies are enrolled in a marketplace that enables customers to complete one form, and each company can give them a price for coverage. This eliminates the need for quotation requests for each company.

To find out how much you can save on insurance coverage click here to open in new window.

The only downside to using this type of system is you can’t choose the companies you want to price. So if you want to choose specific providers to receive pricing from, we have a page of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

The method you choose is up to you, but be sure to compare the exact same information on every quote. If you compare different limits and deductibles on each one it’s not possible to make an equal comparison. Just a small difference in insurance coverages can make a big difference in price. It’s important to know that quoting more helps you find a better price.

Insurance companies are expert advertisers

Companies like Progressive, GEICO, Allstate and State Farm seem to constantly run ads in print and on television. They all make the same claim about savings if you get a free insurance quote and switch your policy. How do they all charge lower premium rates? This is the way they can do it.

Insurance companies have specific characteristics for the right customer that makes them money. For example, a desirable risk might have to be a female over age 40, carries high limits, and drives a vehicle with a low ISO rating. A customer getting a price quote that meets those criteria will get a cheap rate quote and as a result will probably cut their rates if they switch.

Consumers who do not match those standards will be charged higher rates and this can result in business going elsewhere. The ad wording is “customers who switch” not “everyone that quotes” save money. That is how companies can truthfully advertise the savings.

Because every company is different, drivers must compare rate quotes every year. You cannot predict which insurance company will give you the biggest savings.

Discounts for cheaper auto insurance rates

Car insurance companies don’t always advertise every policy discount very clearly, so the list below contains some of the more common and the harder-to-find ways to save on auto insurance.

  • Driver Education Discount – Cut your cost by having your teen driver complete a driver education course as it can save substantially.
  • Multiple Policy Discount – When you combine your auto and home insurance and insure them with the same company you will save nearly 15% which can help you find cheap insurance.
  • Federal Government Employee – Having worked for a branch of the government can earn a discount up to 10% on Grand Cherokee insurance depending on your company.
  • Air Bag Discount – Factory air bags or motorized seat belts can receive discounts of 20% or more.
  • Military Discounts – Being on active duty in the military can result in better premium rates.
  • Memberships – Joining certain professional organizations is a simple method to lower premiums on your next renewal.
  • College Student – Youth drivers who are enrolled in higher education away from home and leave their car at home may qualify for this discount.
  • Own a Home and Save – Owning a house can get you a discount because maintaining a house requires a higher level of personal finance.

Discounts lower rates, but most of the big mark downs will not be given the the whole policy. Most only reduce individual premiums such as comp or med pay. Just because you may think adding up those discounts means a free policy, you aren’t that lucky. Any qualifying discounts will cut the amount you pay for coverage.

To choose companies who offer cheap auto insurance quotes, click here.

You may need specialized insurance coverage

When buying the right insurance coverage, there really is not a single plan that fits everyone. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that may help highlight whether or not you might need professional guidance.

  • How much liability coverage do I need in my state?
  • How can I get high-risk coverage after a DUI?
  • Am I covered when driving a rental car?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What are the best liability limits?
  • How does medical payments coverage work?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area.

Insurance coverage specifics

Having a good grasp of your policy can help you determine appropriate coverage for your vehicles. Insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are the normal coverages offered by insurance companies.

Liability insurance – Liability insurance protects you from damage that occurs to a person or their property in an accident. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which combines the three limits into one amount without having the split limit caps.

Liability can pay for things such as repair costs for stationary objects, attorney fees and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but buy as large an amount as possible.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Jeep Grand Cherokee.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Usually these limits are set the same as your liablity limits.

Insurance for medical payments – Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like doctor visits, hospital visits and pain medications. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, rock chips in glass, damage from flooding and vandalism. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision coverages – This pays for damage to your Grand Cherokee from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against things such as driving through your garage door, damaging your car on a curb, backing into a parked car and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Don’t throw your cash in the trash

We just covered a lot of information how to shop for 2004 Jeep Grand Cherokee insurance online. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheap insurance. You may even find the lowest premium rates are with an unexpected company. These smaller insurers may have significantly lower prices on certain market segments than the large multi-state companies such as Allstate and Progressive.

When getting insurance quotes online, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where an accident victim reduced physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your objective should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.

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