What Car Insurance is Cheapest for a Jeep Grand Cherokee in Tulsa?

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Jeep Grand Cherokee insurance cost
Jeep Grand Cherokee insurance cost image courtesy of QuoteInspector.com

Finding cheap auto insurance for a Jeep Grand Cherokee in Oklahoma depends on a fairly complex equation with a lot of factors such as how safe your vehicle is, whether you are claim-free, and your motor vehicle report. Oklahoma drivers will pay around $1,361 a year to insure their Grand Cherokee, but that is a valuation based upon a 40-year-old single male driver with full physical damage coverage and $500 deductibles.

When projecting a rate like this, the problem is that you may not be 40 years old (or even male), you might be married instead of single, and maybe you have sub-par credit that needs to be factored in. Just a minor difference in rating criteria can make a big difference in how much insurance for a Jeep Grand Cherokee costs.

Different coverage needs are the reason why the only real way to find affordable rates for your Jeep is to do your own rate comparisons. Quotes are free and you will receive price comparisons from some of the best insurers that insure vehicles in Oklahoma.

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The specific model of Grand Cherokee tends to impact price, so the rate you will pay to insure a Grand Cherokee Laredo 2WD trim level will be $132 less than the insurance cost for the higher-priced Grand Cherokee SRT-8 4WD trim level, as shown in the chart below.

Jeep Grand Cherokee Insurance Rates in Tulsa, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $276 $542 $542 $32 $162 $1,554 $130
Grand Cherokee Laredo 4WD $276 $542 $542 $32 $162 $1,554 $130
Grand Cherokee Limited 2WD $312 $638 $542 $32 $162 $1,686 $141
Grand Cherokee Limited 4WD $312 $638 $542 $32 $162 $1,686 $141
Grand Cherokee SRT-8 4WD $312 $638 $542 $32 $162 $1,686 $141
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Estimates do not factor in garaging location in Tulsa which can revise prices substantially.

Choosing the highest-rated company can be challenging considering how many companies there are to choose from in Tulsa. The company ratings shown next could help you analyze which insurers you want to consider when trying to find cheaper insurance for a Jeep Grand Cherokee. The ratings below are for the largest companies in America, so companies that only write business in Oklahoma or surrounding areas are not included in the list.

Top 10 Major Auto Insurance Providers in Tulsa Ranked by A.M. Best Rating

  1. Travelers - A++
  2. GEICO - A++
  3. State Farm - A++
  4. USAA - A++
  5. Nationwide - A+
  6. Allstate - A+
  7. Mercury Insurance - A+
  8. The Hartford - A+
  9. Esurance - A+
  10. Progressive - A+

Top 10 Major Auto Insurance Providers in Tulsa Ranked by Customer Satisfaction

  1. USAA - 91%
  2. AAA Insurance - 90%
  3. Esurance - 90%
  4. Mercury Insurance - 89%
  5. Nationwide - 89%
  6. Travelers - 88%
  7. Progressive - 88%
  8. Safeco Insurance - 88%
  9. State Farm - 88%
  10. Allstate - 88%

Cost of full coverage

Saving money when shopping for auto insurance is the goal of most people, and one great way to buy cheap insurance for a Jeep Grand Cherokee is to only buy liability coverage. The chart below compares insurance rates with full coverage and liability only. The data assumes no violations or accidents, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

As an average, full coverage costs $3,033 per year more than carrying just liability coverage. A very common question is if it's a good idea to buy full coverage. There is no clear-cut formula of when to drop full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

There are a few situations where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not drop full coverage.

Get discounts on Tulsa insurance

Auto insurance for a Grand Cherokee in Tulsa, OKInsurance providers that provide policies for a Jeep Grand Cherokee may provide premium discounts that could reduce prices by 35% or more if you qualify. Larger auto insurance companies and their offered discounts are shown below.

The example below illustrates the difference between annual premium costs with and without discounts applied to the policy rates. The costs are based on a female driver, no claims or violations, Oklahoma state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with homeowner, defensive driving course, safe-driver, multiple policy, passive restraint, and marriage discounts applied. When these discounts are applied, theaverage amount saved on auto insurance for a Jeep Grand Cherokee is 28% or $798.

Violations and accidents raise rates

The best way to obtain cheap auto insurance prices in Oklahoma for a Grand Cherokee is to drive cautiously and avoid at-fault accidents and violations. The example below demonstrates how traffic citations and at-fault accidents can impact insurance costs for different age groups of insureds. The costs are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of car insurance in Tulsa per year with a clean driving record and no accidents is $2,297. Receive two speeding tickets and the average cost rises to $3,173, an increase of $876 each year. Next add one accident along with the two speeding tickets and the annual cost of auto insurance for a Jeep Grand Cherokee jumps again to an average of $4,057. That's an increase of $1,759, or $147 per month, just for not being attentive to the road!

The insurance agencies listed below can answer your questions and help you decide which car insurance company is the best fit, as many people would rather get some help when shopping for the best coverage for a Grand Cherokee. It's not always easy to find the best policy yourself, and a professional agent can give you comfort knowing your policy gives you enough coverage when you need it. To find a Tulsa insurance agent closest to you, click the button following the list.

Beverly Young - State Farm Insurance Agent
7112 S Mingo Rd #102b - Tulsa, OK 74133 - (918) 250-1550

Farmers Insurance - John Neuschwander
6016 S Memorial Dr - Tulsa, OK 74145 - (918) 576-6180

Randall Young - State Farm Insurance Agent
5840 S Memorial Dr #207 - Tulsa, OK 74145 - (918) 664-8750

State Farm: Ron Lockney
2828 E 91st St - Tulsa, OK 74137 - (918) 298-5444

Find a Tulsa, OK insurance agent near you