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Are Jeeps More Expensive To Insure – Partner Content: This content was created by a business partner of Dow Jones and was researched and written independently of the newsroom. Links in this article may earn us a commission. Learn more
By: Daniel Robinson By: Daniel Robinson Writer Daniel is a Guides team writer and has written for several automotive news sites and marketing firms in the US, UK and Australia, specializing in auto finance and car care. Daniel is the Guides Team authority on auto insurance, loans, warranty options, auto services and more.
Are Jeeps More Expensive To Insure
Edited by: Rashon Michner, Edited by: Rashon Michner Managing Editor Rashon Michner is a Guides team editor with over 10 years of experience covering personal finance and insurance topics.
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Jeep is an iconic and historic SUV brand that is still very popular today. We at the Guides team have reviewed Jeep insurance cost data from some of the top car insurance companies in the US to help you make the best auto coverage decision.
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The Guides team is committed to providing reliable information to help you make the best possible decision about insuring your vehicle. Because customers rely on us to provide objective and accurate information, we’ve created a comprehensive rating system to come up with a ranking of the best car insurance companies. We collected data from dozens of auto insurance providers to grade companies on a wide range of ranking factors. After 800 hours of research, the end result was an overall rating for each provider, with the insurers with the most points topping the list.
Across national and local providers, the average cost of full-coverage insurance for a 2022 Jeep vehicle is $1,833 per year, or $153 per month. This is 6% higher than the national average of $1,730 per year. This average is based on a married 35-year-old driver with a clean driving record and excellent credit score.
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Many factors determine car insurance premiums, including the type of vehicle you drive, your location, and your age. Your driving history and the deductible you choose affect the price you pay for coverage.
According to our car insurance cost data, the Compass is the cheapest Jeep model to insure. A full-coverage policy for Compass costs $1,701 per year, or an average of $142. The Gladiator is Jeep’s most expensive model to insure, averaging $1,982 per year or $165 per month for full coverage.
The table below contains average monthly and annual car insurance rates for several model year 2022 Jeep vehicles.
If you want to find cheap coverage for your Jeep, it’s best to compare car insurance quotes from multiple providers. Many of the top auto insurance companies offer free quotes on their websites, making comparison shopping easy.
Why Are Jeeps So Expensive To Insure?
USAA typically offers the lowest car insurance rates for Jeep owners, averaging $1,041 per year or $87 per month. However, USAA policies are only available to active military personnel and their immediate families. Auto-owners insurance is the most affordable option for most Jeep drivers, with an average cost of $1,300 per year or $108 per month.
Below we compare the national insurance carriers that offer the cheapest average car insurance coverage for each Jeep model.
USAA offers the cheapest coverage for Cherokees at an average of $1,056 per year or $88 per month. Nationwide, full-coverage insurance is offered as low as $1,191 a year or $99 a month on average.
USAA again offers the lowest fares on Compass, averaging $1,016 per year or $85 per month. Auto-Owners Insurance and Geico offer comprehensive coverage for the Compass for an average of $104 per month.
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One of Jeep’s newest models, the Gladiator is slightly more expensive than the Cherokee and Compass. USAA offers great rates on this Jeep model at $1,130 per year or $94 per month.
USAA is the cheapest insurance coverage option for a Jeep Grand Cherokee at an average of $1,056 per year or $88 per month. Nationwide and Erie Insurance offer affordable coverage for this model.
The Wrangler has a huge fan base, and those fans will appreciate that Jeep Wrangler car insurance is generally affordable. USAA offers the cheapest Jeep Wrangler insurance rates, averaging $944 per year or $79 per month.
The above estimates are for full-coverage car insurance, which combines bodily injury liability and property damage liability insurance with collision and comprehensive coverage. Collision protection pays for damages to your vehicle from accidents you cause. Comprehensive coverage protects your car against damage related to theft, vandalism and natural phenomena. Depending on where you live, full-coverage car insurance may include uninsured motorist coverage or personal injury protection (PIP).
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Insurance companies offer add-on policy options to provide additional coverage. These are some of the most common:
You may be looking for Jeep insurance because of your lender’s requirements. If you prefer a loan from the manufacturer, Jeep offers auto loans up to 84 months through Chrysler Capital. You can use a car loan calculator and then easily apply for financing on the website. If approved, Chrysler Capital will send your authorization to the dealership of your choice.
The higher your credit score, the lower the interest rate. In general, you need a credit score of at least 661 to secure a prime loan. You can qualify for an auto loan with a credit score of 600 or lower, but you’ll pay a significantly higher interest rate.
Jeep insurance costs are slightly higher than the national average, especially for models like the Gladiator. However, by comparing quotes, it should be easy to find affordable coverage for any Jeep model, especially Nationwide, Erie Insurance, Auto-Owners Insurance – or USAA, if you qualify.
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In general, Jeep insurance costs are slightly higher than the national average of $1,730, or $144 per month. The Compass model is generally cheaper to insure than other Jeep vehicles, such as the Jeep Wrangler models, including the Rubicon.
Across all models, the average cost to insure a 2022 Jeep vehicle is $1,833 per year, or $153 per month. That means insuring a 2022 Jeep will cost about 6% more than the national average of $1,730.
Compass is the cheapest Jeep model to insure. A full-coverage insurance policy for a 2022 Compass costs $1,701 per year, or an average of $142.
** Average costs are based on rates from large and medium-sized insurance companies. Local insurers may offer lower average rates.
Why Are Jeeps So Expensive?
Because customers rely on us to provide objective and accurate information, we’ve created a comprehensive rating system to come up with a ranking of the best car insurance companies. We collected data from dozens of auto insurance providers to grade companies on a wide range of ranking factors. The end result was an overall rating for each provider, with insurers with the most points topping the list. One is usually filled with children and the other with man-children. One packs a number of clever onboard storage solutions and the other an external shelf to mount your Yeti. One can be optioned with an onboard vacuum cleaner, the other with winch-ready steel bumpers. A Honda Odyssey and a Jeep Wrangler Sport 4×4 might be an unlikely place to brow down, yet they’re brows on Insurance.com’s list of the cheapest cars to insure.
A recently published list anoints the Odyssey as the cheapest car to insure nationwide, with an average annual premium of $1, 113. Who’s bending over backwards for MILFs in the school parking lot? That would be the difficult and emotionally stunted Mr. Wrangler, which ranked No. 5 on Insure.com’s list at $1,181. These numbers are based on the total amount received from average insurance premiums across major carriers, including Allstate. Nationwide, Geico, Progressive, Farmers and State Farm. Insure.com assumes in all cases a 40-year-old male driver (hello, Mr. Mom), a clean record and a good credit score.
About that Wrangler. Is there a huge disconnect between a vehicle’s public image and its insurance premium across all automotive nations? Doesn’t every Wrangler owner daydream about riding to the lake of Moab, Muddy, Honeys and their Simas? Don’t those daydreams account for steep premiums in the real world of car insurance?
“There are a few reasons why the Jeep Wrangler is putting on such a strong showing,” says Jennifer Shelton, senior analyst at Insure.com. “Base models are relatively inexpensive [a Sport 4×4 runs in the $25k range], roll-over prevention has made huge strides in the last 10 years, so the vehicles are safe and, despite their reputation, not terribly expensive to repair. .” Shelton goes out of his way to cite one of the biggest reasons why the Wrangler is so cheap to insure:
