Save on 2000 Jeep Cherokee Insurance Cost

Looking for cheaper car insurance rates? Shoppers have lots of choices when shopping for the best price on Jeep Cherokee insurance. You can either spend your time struggling with agents to get rate comparisons or save time using the internet to get rate quotes.

There is a better way to shop for car insurance and we’ll show you the best way to quote coverages for a Jeep and locate the lowest possible price from local insurance agents and online providers.

These factors can influence what you pay for Jeep Cherokee insurance

Consumers need to have an understanding of some of the elements that come into play when calculating your insurance rates. When you know what positively or negatively determines base rates empowers consumers to make smart changes that may reward you with better insurance rates.

The list below includes some of the factors used by your company to calculate rates.

  • Keep rates low by being claim-free – If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Companies provide lower rates to people who are claim-free. Auto insurance is intended for major claims that would cause financial hardship.
  • Car features impact rates – Driving a car with anti-theft technology or alarm system can get you a discount on your insurance. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.
  • Traffic violations increase rates – A bad driving record impacts your car insurance rates tremendously. Good drivers get better rates than bad drivers. Even one speeding ticket can increase rates forty percent or more. If you have serious violations like DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
  • Safer cars cost less to insure – Vehicles with high crash test scores get lower rates. These vehicles have better occupant injury protection and lower injury rates means lower claim amounts and lower rates for you. If your Jeep scored better than four stars on you may qualify for a discount.
  • Don’t let your coverage lapse – Letting your insurance expire is a guaranteed way to pay more for insurance. And not only will insurance be more expensive, failure to provide proof of insurance will get you a revoked license or a big fine.

Companies offer discounts so take them!

Insurance can cost an arm and a leg, but there are discounts available that can drop the cost substantially. A few discounts will automatically apply at quote time, but a few need to be specially asked for before you will receive the discount. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.

  • Sign Early and Save – Some insurance companies reward drivers for switching policies prior to your current policy expiring. It can save you around 10%.
  • Driver Safety – Taking a driver safety course could save 5% or more depending on where you live.
  • Resident Student – Kids in college who are attending college without a vehicle on campus can be insured at a reduced rate.
  • Life Insurance Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • One Accident Forgiven – Certain companies will forgive one accident before your rates go up if you are claim-free for a particular time prior to the accident.
  • No Accidents – Drivers who don’t have accidents pay less as compared to bad drivers.
  • Lower Rates for Military – Having a deployed family member can result in better rates.

Consumers should know that most of the big mark downs will not be given to the overall cost of the policy. Most cut specific coverage prices like comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way. Any amount of discount will reduce your overall premium however.

For a list of insurers offering car insurance discounts, follow this link.

The insurance coverage bait and switch

Consumers constantly see and hear ads that promise big savings by companies like State Farm and Allstate. All the companies have a common claim that you’ll save big if you switch to them.

How can each company claim to save you money?

Different companies are able to cherry pick for the right customer that is profitable for them. For example, a desirable insured might be profiled as over the age of 40, insures multiple vehicles, and has a high credit rating. A driver that hits that “sweet spot” receives the best rates and as a result will probably save a lot of money.

Consumers who don’t measure up to this ideal profile will have to pay higher prices which usually ends up with business going elsewhere. The ad wording is “customers who switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently make the claims of big savings.

Because of the profiling, drivers should get a wide range of price quotes. It is impossible to predict which insurance coverage company will have the lowest Jeep Cherokee insurance rates.

Do I just need basic coverages?

When buying the best auto insurance coverage, there really is not a one size fits all plan. Each situation is unique.

For instance, these questions might point out if your insurance needs will benefit from professional help.

  • Why is insurance for a teen driver so high?
  • Is my teenager covered with friends in the car?
  • Is my teen driver covered when they drive my company car?
  • Is business equipment covered while in my vehicle?
  • Are my friends covered when driving my 2000 Jeep Cherokee?
  • Should I have a commercial auto policy?
  • Do I need an umbrella policy?
  • Does having multiple vehicles earn me a discount?
  • Is upholstery damage covered by car insurance?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

Parts of your car insurance policy

Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be difficult to understand and coverage can change by endorsement.

Collision – This coverage pays for damage to your Cherokee resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like colliding with another moving vehicle, colliding with a tree and backing into a parked car. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to increase the deductible to bring the cost down.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for bills for prosthetic devices, EMT expenses, funeral costs and ambulance fees. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Jeep Cherokee.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive insurance – This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as vandalism, theft, rock chips in glass, hail damage and damage from a tornado or hurricane. The maximum payout your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Coverage for liability – Liability insurance can cover damage that occurs to a person or their property that is your fault. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Some companies may use a combined limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things like structural damage, emergency aid, attorney fees, funeral expenses and court costs. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.

More choices the merrier

Consumers switch companies for many reasons like questionable increases in premium, unfair underwriting practices, denial of a claim or delays in responding to claim requests. It doesn’t matter what your reason, switching companies is less work than it seems.

Throughout this article, we presented quite a bit of information on how to lower your 2000 Jeep Cherokee insurance rates. The key concept to understand is the more companies you get rates for, the better your chances of lowering your rates. Consumers could even find that the lowest premiums are with an unexpected company.

Cost effective insurance is possible both online and with local insurance agents, and you need to price shop both in order to have the best price selection to choose from. There are still a few companies who do not offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

Much more information about auto insurance can be read at the links below