Buying the cheapest car insurance for a Jeep Grand Cherokee in Kentucky doesn’t take too much effort, but it is dependent upon a fairly complex equation with a lot of factors such as how far you commute, the size of your vehicle, and driving citations. Drivers in Kentucky pay on average $994 each year to insure their Grand Cherokee, but that cost is using a 50-year-old single female driver with full physical damage coverage and $250 deductibles.
When making auto insurance estimates, the issue arises that you are not 50 and maybe not even a female, possibly married instead of single, or maybe you have a speeding ticket or two that will increase rates. Not every driver requires the same auto insurance coverages, so the only real way to find the most affordable coverage for your Jeep is to put in the effort to do a thorough rate comparison.
The trim level of your vehicle impacts the insurance rate, so the price you will pay to insure a Grand Cherokee Laredo 2WD will be $102 lower than the price to insure the more well-appointed Grand Cherokee SRT-8 4WD trim level, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $216 | $416 | $368 | $22 | $110 | $1,132 | $94 |
| Grand Cherokee Laredo 4WD | $216 | $416 | $368 | $22 | $110 | $1,132 | $94 |
| Grand Cherokee Limited 2WD | $244 | $490 | $368 | $22 | $110 | $1,234 | $103 |
| Grand Cherokee Limited 4WD | $244 | $490 | $368 | $22 | $110 | $1,234 | $103 |
| Grand Cherokee SRT-8 4WD | $244 | $490 | $368 | $22 | $110 | $1,234 | $103 |
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific zip code location which can lower or raise auto insurance rates noticeably.
Deciphering which company has the cheapest car insurance rates for a Jeep Grand Cherokee requires a little more sweat in order to find the best price. Each insurer has their own guidelines to establish rates, so let’s take a look at the most competitive car insurance companies in Lexington, KY.
It’s important to know that Kentucky car insurance rates are calculated based on many things which can substantially change the price of coverage. Improving your credit rating, buying another vehicle, or getting into an accident can trigger price changes resulting in some companies being much cheaper than others.
Find Cheaper Car Insurance for Your Jeep
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,115 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,223 |
| 4 | Auto-Owners | $1,399 |
| 5 | Motorists Mutual | $1,601 |
| 6 | Grange Mutual | $1,625 |
| 7 | Travelers | $1,680 |
| 8 | State Farm | $1,812 |
| 9 | Westfield | $1,832 |
| 10 | Safe Auto | $1,991 |
| 11 | Nationwide | $2,064 |
| 12 | Progressive | $2,140 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,254 |
| 15 | Encompass | $2,358 |
| 16 | GEICO | $2,365 |
| 17 | Safeco | $2,791 |
| 18 | MetLife | $3,053 |
| 19 | Shelter | $3,231 |
| 20 | Liberty Mutual | $3,598 |
| Find Your Rate Go | ||
Cincinnati Insurance has some of the best car insurance rates in Lexington at around $1,115 a year. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also some of the best Lexington, KY auto insurance companies.
In the above example, if you buy coverage from Kentucky Farm Bureau and switched to Cincinnati Insurance, you could see yearly savings of about $59. Customers with USAA might save as much as $108 a year, and Auto-Owners customers might see rate reductions of $284 a year.
Understand that those policy prices are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for a Jeep Grand Cherokee. So the insurer that fits your situation best may not even be in the list above. That illustrates why you need to quote rates from many companies using your own driver information and specific vehicle type.
How accidents and tickets impact rates
In a perfect world, the ideal way to get the cheapest car insurance prices in Kentucky for a Grand Cherokee is to drive carefully and not receive tickets or have accidents. The example below illustrates how violations and accidents influence insurance prices for different categories of driver ages. The premium estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of auto insurance in Kentucky per year with no accidents or violations is $1,622. Add in two speeding tickets and the average cost swells to $2,137, an increase of $515 each year. Now include one accident along with the two speeding tickets and the annual cost of car insurance for a Jeep Grand Cherokee increases to an average of $2,660. That’s an increase of $1,038, or $86 per month, just for not being more responsible behind the wheel!
The importance of shopping around for Grand Cherokee insurance
Lexington car insurance rates are calculated based on many things which can substantially decrease or increase the cost of your policy. Simply having a birthday, marrying your spouse, or getting a DUI can trigger price changes that may make certain companies cheaper than others. Not only may your risk profile change, but insurers change premium rates at least once a year to ensure their profitability. Significantly higher losses may cause increased rates, while a better claims history can result in lower-cost Grand Cherokee insurance rates.
To help illustrate this point, the graph below shows rates for the cheapest car insurance in Lexington, KY for a 45-year-old male driver with no accidents, a clean driving record, and excellent credit. Based on his current situation, Cincinnati Insurance quotes the cheapest car insurance rates in Lexington at $1,196 each year. This is $947 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual are the remainder of the most affordable Lexington, KY auto insurance companies.
The next chart shows rates after we give the driver in the first example an accident surcharge, bad credit, and a traffic ticket or two. Since every car insurance company has their own process for determining prices, getting updated rate quotes will most likely result in a significantly different list of cheap Lexington auto insurance companies as shown below.
USAA now has the best insurance rate in Lexington with Travelers, Kentucky Farm Bureau, State Farm, and Westfield also having competitive pricing. This example proves why consumers need to take the time to perform an extensive rate comparison to find the best auto insurance rates for a Jeep Grand Cherokee. Prices are calculated by many risk factors and change dramatically, so the best company the last time you checked may now be costing you a lot of money.
Tips for buying more affordable car insurance for a Jeep Grand Cherokee
Lowering your rates is not difficult, and here are a few thrifty ideas that can help you quote cheap coverage.
- Increase your credit score
- Serious violations like DUI or reckless driving can increase rates dramatically
- Drive vehicles with five-star safety ratings
- Try to not file small claims
- Do not get into accidents
- Keep rates low by shopping around frequently
That final tip is incredibly significant, as was emphasized in the prior article. Prices charged by car insurance companies vary greatly, so don’t be afraid to change to a new company if a better deal can be had.
Staying with the same car insurance company is fine, but it’s not a good idea if that loyalty results in overpaying a lot of money. In just a couple of minutes you could shop around and find cheaper insurance for a Jeep Grand Cherokee in Lexington.