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Key Takeaways
- The insurance premium for a Jeep Cherokee costs an average of $1,500 annually or $125 per month.
- Erie is the cheapest Jeep Cherokee car insurance provider, at an average of $807 per annum.
- The car insurance premium for a Jeep Cherokee is expensive compared to that of its major competitors in the compact SUV segment.
If you are looking for a compact SUV that can easily blend everyday comfort with off-road capability, then the Jeep Cherokee is the best choice for you. But have you ever wondered how much it costs to insure the Jeep Cherokee? Insurance rates may differ depending on the specific model year you choose and the trim levels. Compare different insurance providers available for your Jeep Cherokee, so that your selection may not lead to coverage gaps; that may put your finances at risk.
Jeep Cherokee Auto Insurance Cost
The average insurance cost of a Jeep Cherokee is around $1,500 per year , but you can lower your premiums by choosing the right insurance provider. You can find the best deals that fit your coverage needs by shopping around and comparing multiple options. Way app helps you secure the best rate for your Cherokee by letting you compare multiple providers in minutes.
Are Jeep Cherokee Models Expensive to Insure?
Jeep Cherokee car insurance cost is higher compared to that of many of its direct competitors in compact SUV market. It is due to the high repair and maintenance costs and the relatively higher probability of theft and damage to the vehicle.
| Compact SUVs | Average Annual Premium |
|---|---|
| Honda CR-V | $1,320 |
| Ford Escape | $1,320 |
| Subaru Forester | $1,332 |
| Kia Sportage | $1,368 |
| Hyundai Tucson | $1,380 |
| Mazda CX-5 | $1,380 |
| Toyota RAV4 | $1,428 |
| Chevrolet Equinox | $1,428 |
| Nissan Rogue | $1,428 |
| Jeep Cherokee | $1,500 |
What Affects the Cost of Jeep Cherokee Car Insurance?
Insurance providers often consider several factors when determining your Jeep Cherokee premium. Check your estimated car insurance rate based on the most common factors given below.
- Age of the driver
- Gender of the driver
- Location
- Vehicle age & trim
- Driver profile
- The insurance company you choose
Jeep Cherokee Insurance Cost by Model Year
Older Jeep Cherokee models usually have lower insurance costs since newer Jeep Cherokee models come with advanced features and technology, which also leads to more expensive repairs and replacements. However, certain older model years cost more to insure because of high repair and maintenance costs. The average yearly Jeep Cherokee car insurance cost for a 2020 model is $1,505.
| Model Year | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| 2020 Jeep Cherokee | $125 | $1,505 |
| 2019 Jeep Cherokee | $128 | $1,530 |
| 2018 Jeep Cherokee | $76 | $911 |
| 2017 Jeep Cherokee | $72 | $861 |
| 2016 Jeep Cherokee | $154 | $1,854 |
| 2015 Jeep Cherokee | $110 | $1,325 |
| 2014 Jeep Cherokee | $96 | $1,156 |
Jeep Cherokee Cheapest Insurance Cost by Company
According to our research, Erie offers the cheapest Jeep Cherokee car insurance rates. The average annual premium is just $807. However, the cheapest cost cannot always guarantee the best value. To get the maximum benefits, it is important to compare quotes from various providers and ensure that they have all the required features.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $82 | $807 |
| State Farm | $83 | $825 |
| Progressive | $84 | $872 |
| USAA | $85 | $877 |
| Vermont Mutual | $86 | $913 |
Cheapest Insurance Companies Based on Jeep Cherokee Model Years
2020 Jeep Cherokee
Nationwide offers the most competitive insurance rates for the 2020 Jeep Cherokee at just $1,053 per annum. Otherwise, it costs around $1,505 per year to insure a 2020 model on average. Find some of the best-reviewed car insurance carriers for the Cherokee model year in the table below.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Nationwide | $88 | $1,053 |
| Vermont Mutual | $92 | $1,098 |
| USAA | $100 | $1,196 |
| Tennessee Farmers | $103 | $1,242 |
| Mercury | $108 | $1,296 |
| Erie | $109 | $1,319 |
| American Family | $110 | $1,326 |
| Auto Owners | $117 | $1,400 |
| Progressive | $120 | $1,432 |
| 21st Century | $120 | $1,440 |
| Arbella | $120 | $1,446 |
2019 Jeep Cherokee
Generally, it costs around $1,530 per year to insure a 2019 Jeep Cherokee. Auto Owners offers the most competitive insurance rates for the 2019 model at $1,039 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Auto Owners | $87 | $1,039 |
| Cincinnati Insurance | $88 | $1,062 |
| USAA | $88 | $1,063 |
| Nationwide | $89 | $1,074 |
| Erie | $104 | $1,244 |
| Mercury | $108 | $1,305 |
| American Family | $115 | $1,379 |
| Progressive | $115 | $1,387 |
| Plymouth Rock Insurance | $116 | $1,396 |
| Arbella | $120 | $1,431 |
| Acuity | $124 | $1,487 |
2018 Jeep Cherokee
The insurance cost for a 2018 Jeep Cherokee is usually $911 per year. However, Progressive offers the cheapest deal at just $626 per annum.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Progressive | $52 | $626 |
| Erie | $53 | $640 |
| USAA | $63 | $760 |
| State Farm | $66 | $792 |
| Nationwide | $70 | $839 |
| Vermont Mutual | $77 | $929 |
| Acuity | $86 | $1,029 |
| Plymouth Rock Insurance | $87 | $1,041 |
| American Family | $88 | $1,056 |
| Country | $91 | $1,088 |
| Arbella | $93 | $1,117 |
2017 Jeep Cherokee
For a 2017 Jeep Cherokee, Progressive offers the best insurance value at $504 per year. This is lower compared to the general market trend, which is $861 yearly on average.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Progressive | $42 | $504 |
| Erie | $45 | $542 |
| State Farm | $48 | $584 |
| USAA | $51 | $611 |
| Nationwide | $64 | $767 |
| American Family | $70 | $835 |
| Country | $70 | $838 |
| Vermont Mutual | $71 | $858 |
| Tennessee Farmers | $74 | $892 |
| Acuity | $80 | $961 |
| Plymouth Rock Insurance | $84 | $1,012 |
2016 Jeep Cherokee
While the average annual premium for a 2016 Jeep Cherokee is $1,854, Vermont Mutual stands out by offering the cheapest rates at $930 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Vermont Mutual | $77 | $930 |
| Erie | $85 | $1,028 |
| Nationwide | $86 | $1,038 |
| USAA | $95 | $1,145 |
| Tennessee Farmers | $98 | $1,183 |
| State Farm | $100 | $1,200 |
| Amica | $100 | $1,203 |
| Grange Insurance | $101 | $1,210 |
| Auto Owners | $101 | $1,218 |
| American Family | $101 | $1,220 |
| Mercury | $103 | $1,236 |
2015 Jeep Cherokee
With an annual premium of $576, Erie provides the cheapest insurance rates for the 2015 Jeep Cherokee, which is around $800 less than the general average of $1,325 per year.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $48 | $576 |
| Progressive | $55 | $666 |
| USAA | $60 | $730 |
| State Farm | $68 | $816 |
| Vermont Mutual | $68 | $819 |
| Tennessee Farmers | $70 | $844 |
| Nationwide | $77 | $927 |
| Acuity | $80 | $958 |
| Plymouth Rock Insurance | $81 | $971 |
| American Family | $83 | $993 |
| Country | $83 | $997 |
2014 Jeep Cherokee
It is wise to choose Erie as the insurance provider for your 2014 Jeep Cherokee. The annual premium is just $523, which is less than the average annual rate of $1,156.
| Company | Average Monthly Premium | Average Annual Premium |
|---|---|---|
| Erie | $43 | $523 |
| Progressive | $51 | $618 |
| USAA | $53 | $637 |
| State Farm | $61 | $731 |
| Vermont Mutual | $70 | $845 |
| Tennessee Farmers | $71 | $856 |
| Nationwide | $73 | $885 |
| Plymouth Rock Insurance | $79 | $947 |
| American Family | $79 | $951 |
| Acuity | $80 | $968 |
| Country | $84 | $1,015 |
Jeep Cherokee Safety Features
The Jeep Cherokee comes with a number of safety features, which can reduce the insurance rates by getting you qualified for available discounts.
Some of the installed features include:
- Full-Speed Forward Collision Warning with Active Braking
- Blind-Spot Monitoring
- Rear Cross Path Detection
- LaneSense Lane Departure Warning
- Adaptive Cruise Control
- ParkView Rear Back Up Camera
- ParkSense Rear Park Assist
- Electronic Stability Control (ESC)
- Anti-lock Brakes (ABS)
- Front-impact Airbags
- Side-impact Airbags
- Rear Child Safety Locks
Jeep Cherokee Safety Ratings
The Jeep Cherokee's overall good ratings indicate a lower risk of injury, damage, and repair costs, which makes it cheaper to insure. Insurance companies often consider safety ratings when determining a car model's premium rates, so the Cherokee's safety ratings play a key role in its insurance pricing.
| Category | IIHS Rating |
|---|---|
| Small overlap front: driver-side | Good |
| Small overlap front: passenger side | Good |
| Side: original test | Good |
| Side: updated test | Good |
| Roof strength | Good |
| Head restraints & seats | Good |
| Headlights | Acceptable |
| Front crash prevention: vehicle-to-vehicle | Superior |
| LATCH ease of use | Good+ |
Ways to Save on Jeep Cherokee Car Insurance
Drive Safely: Careless driving can badly affect the Jeep Cherokee auto insurance costs. So, if you drive safely and keep a good driver's profile, it can help you lower your insurance premiums.
Improve the credit score: A good credit score, which is recommended to be above 700, can help you save up to $250 or more every year.
Follow driving laws: Traffic violations can significantly increase the auto insurance premium for your Jeep Cherokee, as they signal a higher risk to insurers.
Ask for relevant discounts: There are several discounts available from insurance companies that they don't usually tell you about, so you'll have to ask. Discounts like loyalty, senior citizens, military veterans, and more can help you bring down your annual premium.
Bundle insurance policies: You can save even more by bundling auto and home insurance policies.
How Do I Find the Best Jeep Cherokee Car Insurance Rates?
- Always research the market and insurance trends before purchasing car insurance for your Jeep Cherokee. It could be tempting to choose a provider that offers a low rate. However, it's always better to multiple free insurance quotes from compare customer-rated insurers. You can either apply individually or use an insurance platform like Way.com.
- The best approach for finding the right policy is to analyze all of your options. Only choose a provider who offers a balance of low rates and comprehensive coverage.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don't always mean the best! Consider spending a little bit more to get comprehensive coverage.
How to Get Jeep Cherokee Auto Insurance with Way.com
Download the Way app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes. On our platform, you can compare offers from more than 140 different insurance providers. It will let you choose the best policy that may help you lower your Jeep Cherokee car insurance costs.
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
FAQ
How much does it cost to insure a Jeep Cherokee?
The Jeep Cherokee insurance cost typically falls around $1,500 per year, depending on factors like the driver's age, location, driving history, and coverage level.
Is full coverage insurance necessary for a Jeep Cherokee?
Full coverage is needed only if your Cherokee is new, leased, or financed. If your car is older and fully paid off, liability coverage may be enough.
Is the Jeep Cherokee expensive to insure compared to other compact SUVs?
The Jeep Cherokee car insurance cost is higher compared to that of many of its direct competitors in the compact SUV segment. High repair and maintenance costs, a high probability of theft and damage, and rarely available parts can contribute to elevated insurance rates.
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