Cheaper 1998 Jeep Cherokee Insurance Cost

Want the cheapest auto insurance rates for your Jeep Cherokee? Saving money on Driversauto insurance can seem to be a challenge for beginners to buying insurance online. When there are so many online companies available, it can turn into a big hassle to find more affordable rates.

You should make it a habit to do rate comparisons periodically because auto insurance rates change quite often. Even if you think you had the best premium rates for Cherokee coverage on your last policy you can probably find a better price now. Ignore everything you know about auto insurance because you’re about to learn the right way to reduce your cost while increasing coverage.

Choosing the best insurance company for you is not rocket science. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these tips. But drivers do need to understand the way companies compete online.

Discounts can really help save money

Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that could drop your premiums quite a bit. A few discounts will automatically apply when you purchase, but some discounts are required to be specially asked for prior to receiving the credit.

  • Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to use their safety belts can save a little off the medical payments premium.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and can earn a small discount on your policy.
  • Anti-lock Brake Discount – Cars and trucks that have steering control and anti-lock brakes can stop better under adverse conditions and will save you 10% or more.
  • Data Collection Discounts – Drivers who agree to allow companies to monitor when and where they use their vehicle by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system could possibly reduce rates if they are good drivers.
  • Driver Education Discount – Teen drivers should take driver’s ed class if it’s offered in school.
  • First Accident Forgiveness – Not necessarily a discount, but a handful of insurance companies permit an accident before your rates go up with the catch being you have to be claim-free for a specific time period.

One last thing about discounts, some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

Larger auto insurance companies and their possible discounts are included below.

  • 21st Century includes discounts for anti-lock brakes, student driver, homeowners, early bird, good student, defensive driver, and driver training.
  • Progressive has savings for multi-policy, good student, online signing, homeowner, continuous coverage, online quote discount, and multi-vehicle.
  • State Farm discounts include multiple autos, good driver, passive restraint, Steer Clear safe driver discount, accident-free, Drive Safe & Save, and student away at school.
  • Nationwide offers discounts including anti-theft, defensive driving, easy pay, family plan, good student, business or organization, and Farm Bureau membership.
  • Esurance policyholders can earn discounts including safety device, anti-lock brakes, good student, claim free, multi-policy, defensive driver, and DriveSense.
  • The Hartford offers discounts for bundle, anti-theft, defensive driver, vehicle fuel type, good student, and air bag.

When comparing rates, check with each company the best way to save money. Some of the discounts discussed earlier may not apply to policyholders in your area. To see auto insurance companies with significant discounts, follow this link.

Smart consumers can lower their insurance rates

Lots of things are used in the calculation when premium rates are determined. Some are obvious such as traffic violations, but some are not quite as obvious like your continuous coverage or how safe your car is.

  • City traffic equals higher rates – Being located in a small town can be a good thing when trying to find low car insurance rates. Drivers in populated areas have to deal with more auto accidents and a longer drive to work. Fewer drivers and short commutes means less chance of accidents.
  • Careless drivers pay higher costs – Even one speeding ticket can bump up the cost to the point where it’s not affordable. Attentive drivers have lower premiums as compared to those with violations. Drivers who have gotten severe violations such as reckless driving or DUI might be required by their state to prove financial responsibility with their state motor vehicle department in order to continue driving.
  • Extra policy coverages that aren’t used – There are a ton of optional add-on coverages that you can buy on your Cherokee policy. Coverage for things like vanishing deductibles, accidental death, and extra equipment coverage may not be needed and are just wasting money. The coverages may be enticing when talking to your agent, but now you might not need them so eliminate the coverages to reduce your premium.
  • Do you save by driving less? – The higher the miles on your Jeep in a year the more it will cost to insure it. A lot of companies charge rates based on their usage. Vehicles not used for work or commuting can be on a lower rate level than those that get driven frequently. Ask your agent if your insurance policy properly reflects the correct driver usage, because improper ratings can cost you money. An incorrectly rated Cherokee can result in significantly higher rates.

Will just any policy work for me?

When it comes to choosing the right insurance coverage, there really is no single plan that fits everyone. Everyone’s situation is unique.

Here are some questions about coverages that may help you determine whether your personal situation may require specific advice.

  • I have good health insurance, so how much medical payments coverage do I need?
  • When should I remove comp and collision on my 1998 Jeep Cherokee?
  • Is my dog or cat covered if injured in an accident?
  • Does my 1998 Jeep Cherokee qualify for pleasure use?
  • Is my nanny covered when driving my vehicle?
  • What exactly is covered by my policy?
  • What vehicles should carry emergency assistance coverage?

If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, take a second and complete this form.

Big names are not always cheapest

Popular auto insurance providers such as Allstate and Progressive endlessly run ads on TV and radio. All the ads make the point about saving some big amount if you just switch your auto insurance coverage to their company. How is it possible that every company can sell you cheaper insurance coverage? You have to listen carefully.

Auto insurance companies quote the lowest rates for the driver they prefer to insure. A good example of this type of risk profile might have to be over age 30, has never had a policy lapse, and drives less than 5,000 miles a year. Any new insured who meets those qualifications will get the preferred premium rates and will also save a lot of money.

People who fall short of the requirements will probably have to pay a higher premium and ends up with business not being written. The trick companies use is to say “people that switch” not “everybody who quotes” can get the lowest rates when switching. That’s the way companies can advertise the way they do. This illustrates why drivers must get insurance coverage quotes as often as possible. It is just not possible to predict which auto insurance company will give you lower prices than your current company.

Insurance coverage breakdown

Learning about specific coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Comprehensive insurance

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as damage from flooding, a broken windshield, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Auto collision coverage

This covers damage to your Cherokee resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like backing into a parked car, crashing into a building, rolling your car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. You can also increase the deductible to save money on collision insurance.

Liability auto insurance

This coverage can cover injuries or damage you cause to other’s property or people in an accident. It protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims such as legal defense fees, pain and suffering, emergency aid, structural damage and medical expenses. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Jeep Cherokee.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for immediate expenses for things like dental work, EMT expenses, funeral costs and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. They cover both the driver and occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

At the end of the day…

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. There are a lot of situations where someone sacrificed full coverage and discovered at claim time that the savings was not a smart move. Your goal should be to buy enough coverage for the lowest price, but do not skimp to save money.

Consumers change insurance companies for a number of reasons such as delays in responding to claim requests, extreme rates for teen drivers, unfair underwriting practices and delays in paying claims. Regardless of your reason, switching car insurance companies is not as difficult as it may seem.

We’ve covered a lot of techniques to save on 1998 Jeep Cherokee insurance. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced car insurance comes from the least-expected company.

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Comments About 1998 Jeep Cherokee Insurance

  1. Candelaria Grant

    Found cheapest coverage with Mercury for my 1998 Jeep Cherokee and am saving around $90 a year. :P Liability only on my Jeep.

  2. Miguel Conner

    Lots of useful info here. Checking in from Fairbanks, AK. Went online for free insurance quotes for a 1998 Jeep Cherokee. Ended up at about $120 savings annually. Went with 21st Century. I increased coverages a little too. My Cherokee doesn’t have full coverage.

  3. Latia Gallegos

    Is State Farm or Encompass cheap in Charleston, South Carolina?

  4. Janett Hines

    If you have a good history and live around Detroit, Michigan, check out GEICO. They seem to be cheaper. Only insure liability on my Cherokee.

  5. Alejandra Mcgowan

    Compared auto insurance prices with State Farm and GEICO but still not cheap enough.

  6. Domitila Clark

    If you have a good history and live near Tucson, AZ, check out GEICO. You might get cheaper rates. Insured with Liberty Mutual before. I even had a DUI years ago. Might find lower rates online.

  7. Linwood Butler

    If you have a good history and live around Rio Rancho, NM, check out GEICO. They seem to be cheaper. Left Safeco to switch. Did it all online. Book value doesn’t justify full coverage anymore.

  8. Hiroko Wiley

    FYI in Shreveport, LA try Allstate. I got a good deal.

  9. Lavenia Sanders

    I can’t pay high rates. I’m in the east part of Lewiston, Maine. Went online for free insurance quotes for a 1998 Jeep Cherokee. Ended up at about $110 savings annually. Went with Allstate. I just quoted rates online.

  10. Ivey Saunders

    Cheap is not always the best policy. I live north of Hilo, Hawaii. Went online for free insurance quotes for a 1998 Jeep Cherokee. Ended up at about $100 savings annually. Went with GEICO. Thankfully I’m not a high risk driver. I don’t insure for physical damage though.