Car Insurance Rate Quotes for a Jeep Grand Cherokee in Greensboro

Remarkably, a study showed that most drivers kept their policy with the same company for well over three years, and almost 40% of drivers have never even compared rates from other companies. Many drivers in North Carolina can cut their rates by nearly 10% a year, but they don’t believe how much money they would save if they replace their high priced policy.

Truthfully, the best way to find low-cost prices for car insurance rates in Greensboro is to compare quotes once a year from providers that insure vehicles in North Carolina. Rates can be compared by completing these steps.

Step 1: Spend a few minutes and learn about car insurance and the measures you can control to drop your rates. Many rating factors that are responsible for high rates such as accidents, traffic violations, and poor credit history can be rectified by making minor driving habit or lifestyle changes. Keep reading for more information to keep prices down and get discounts that may be available to you.

Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or Allstate, while agents who are independent can give you price quotes for many different companies. Get quotes now

Step 3: Compare the quotes to your existing policy to see if switching to a new carrier will save money. If you find a lower rate quote and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.

One bit of advice is to try to use similar limits and deductibles on each quote request and and to analyze as many auto insurance providers as possible. Doing this helps ensure the most accurate price comparison and a good representation of prices.

Analysis of Jeep Grand Cherokee rates

The information shown next showcases estimates of coverage prices for Jeep Grand Cherokee models. Understanding how auto insurance premiums are determined can be valuable when making smart buying decisions.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Price information does not factor in vehicle location which can lower or raise coverage rates significantly.

Physical damage deductibles: Should you raise them?

One frequently asked question is how high or low should comp and collision deductibles be. The following insurance rates show the costs and benefits when you select higher and lower insurance deductibles. The first set of prices uses a $250 deductible and the second price chart uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Table data does not factor in garaging location in Greensboro which can increase or decrease coverage rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you approximately $20 more each month or $240 annually than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you go at a minimum 38 months between claims, you would save money if you decide on a higher deductible.

Safe drivers pay less for insurance

The diagram below illustrates how traffic citations and at-fault claims can drive up Jeep Grand Cherokee car insurance rates for each age group. The data assumes a single female driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

Should you buy full coverage?

The information below visualizes the comparison of Jeep Grand Cherokee insurance premiums with full physical damage coverage and with liability coverage only. The premiums assume no violations or accidents, $500 deductibles, single marital status, and no discounts are factored in.

Deciding between full coverage and liability only

There is no definitive formula to eliminate full coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s say your Jeep Grand Cherokee claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after you pay the deductible. If you are paying more than $200 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some cases where only buying liability is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Affordable Greensboro car insurance rates with discounts

Car insurance is easily one of your largest bills, but you might find some hidden discounts that can help lower your rates. A few discounts will automatically apply at the time of purchase, but once in a while a discount must be requested specifically before being credited.

• Defensive Driver – Completing a class that teaches defensive driver techniques may get you a small discount if your company offers it.
• Include Life Insurance and Save – Some companies give better premium rates if you take out auto and life insurance together.
• Bundled Policy Discount – If you insure your home and vehicles and insure them with the same company you may save at least 10% off all policies.
• New Car Discount – Buying a new car instead of a used Grand Cherokee can save you some money since new vehicles have better safety ratings.
• Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.

Remember that most of the big mark downs will not be given to the entire cost. Some only apply to the price of certain insurance coverages like comp or med pay. So even though they make it sound like it’s possible to get free car insurance, you’re out of luck.

The chart below compares Jeep Grand Cherokee insurance rates with and without discounts being applied to the rates. The costs are based on a female driver, no violations or accidents, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, marriage, claim-free, multi-car, and homeowner discounts applied.

A list of companies and a partial list of their discounts can be read below.

• Farm Bureau discounts include youthful driver, multi-policy, renewal discount, 55 and retired, and safe driver.
• MetLife may include discounts for accident-free, good driver, claim-free, good student, multi-policy, and defensive driver.
• Progressive may have discounts that include good student, online quote discount, online signing, homeowner, multi-policy, multi-vehicle, and continuous coverage.
• AAA offers premium reductions for multi-policy, anti-theft, education and occupation, good student, and AAA membership discount.
• American Family includes discounts for air bags, bundled insurance, early bird, accident-free, Steer into Savings, and multi-vehicle.
• GEICO policyholders can earn discounts including good student, anti-lock brakes, defensive driver, membership and employees, multi-vehicle, and anti-theft.
• State Farm has discounts for driver’s education, passive restraint, Drive Safe & Save, multiple autos, Steer Clear safe driver discount, and good student.

When getting a coverage quote, ask every prospective company which discounts you may be entitled to. A few discounts may not apply to policyholders in Greensboro. If you would like to view insurance companies that can offer you the previously mentioned discounts in Greensboro, click here to view.

Parts of your auto insurance policy

Knowing the specifics of your auto insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for pain medications, rehabilitation expenses, surgery and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Collision protection

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like rolling your car, driving through your garage door, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to raise the deductible on your Grand Cherokee in order to get cheaper collision rates.

Liability insurance

Liability coverage can cover damage or injury you incur to other people or property by causing an accident. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 30/60/25 which stand for $30,000 bodily injury coverage, a limit of $60,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for things like pain and suffering, court costs and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but buy higher limits if possible. North Carolina state minimum liability requirements are 30/60/25 but you should think about purchasing higher limits.

The illustration below shows why buying the state minimum limits may not be enough.

Comprehensive coverage

Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as hail damage, theft and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.

Since many North Carolina drivers only carry the minimum required liability limits (which is 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Get the best coverage at the best price

Cheap Jeep Grand Cherokee insurance in Greensboro can be bought from both online companies and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some companies may not offer online rate quotes and usually these smaller providers only sell coverage through local independent agencies.

When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. There are a lot of situations where an insured dropped physical damage coverage only to find out that the few dollars in savings costed them thousands. The aim is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Throughout this article, we presented a lot of information how to lower your Jeep Grand Cherokee insurance rates in Greensboro. It’s most important to understand that the more providers you compare, the higher the chance of saving money. You may even find the best rates are with a small local company.

Other articles

• Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
• Who Has Affordable Auto Insurance Rates for Nurses in Greensboro? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Toyota Highlander in Greensboro? (FAQ)
• State Laws for Cellphones and Texting (iihs.org)
• Reducing Your Risks in a Car Crash Video (iihs.org)