Lower Your 2001 Jeep Cherokee Insurance Cost

Searching for better insurance coverage rates for your Jeep Cherokee? High-priced Jeep Cherokee insurance can dwindle your family’s budget and possibly require you to analyze your spending habits. Performing a rate comparison can save money and help to cut your insurance bill.

With vehicle owners having so many different company options, it can be diffult for drivers to pick the most cost effective insurer.

Consumers should take time to quote other rates yearly because insurance coverage prices change frequently. Just because you had the lowest rate on Cherokee coverage six months ago you can probably find a better premium rate now. You can find a lot of misleading information regarding insurance coverage out there, but in a few minutes you can learn some excellent ideas to lower your insurance coverage bill.

How to lower your insurance coverage cost

Shopping for lower insurance coverage rates is a ton of work if you aren’t aware of the fastest way to get free quotes. You could waste time talking about coverages with agents in your area, or you can stay home and use the internet to achieve your goal.

Most major companies enroll in a system that allows shoppers to enter their coverage request one time, and each company then gives them pricing based on that data. This saves time by eliminating quotation requests to each individual insurance coverage company.

To find out how much you can save on insurance coverage click to open in new window.

The one downside to comparing rates this way is that you can’t choose which insurance companies you want pricing from. If you prefer to choose specific insurance companies to compare rates, we have assembled a list of companies who write insurance coverage in your area. Click to view list.

Which method you use is up to you, but make sure you compare the same information for every company. If you compare different liability limits you will not be able to determine which company has the best rates. Even a minor difference in insurance coverages or limits may result in a large different in cost. And when comparison shopping, comparing more company’s prices will enable you to find a better price.

Cheaper rates with these discounts

Insuring your fleet can be pricey, but there’s a good chance there are discounts that many consumers don’t even know exist. Certain reductions will be credited at quote time, but some need to be requested specifically before you get the savings.

• Buy New and Save – Insuring a vehicle that is new is cheaper because newer vehicles keep occupants safer.
• Passive Restraints – Vehicles equipped with air bags or automatic seat belts could see savings of 25 to 30%.
• Seat Belts Save – Using a seat belt and requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices have a lower chance of being stolen and will save you 10% or more.
• Data Collection Discounts – People who choose to allow their insurance coverage company to study vehicle usage through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm may see discounts if their driving habits are good.
• Responsible Driver Discounts – Insureds without accidents could pay up to 40% less on Cherokee coverage than drivers with accidents.
• Early Renewal Discounts – Select insurance companies give a discount for renewing your policy before your current policy expires. This discount can save up to 10%.
• Own a Home – Simply owning a home may trigger a policy discount on insurance coverage because of the fact that having a home is proof that your finances are in order.
• Online Discount – A handful of companies provide a small discount simply for signing on the internet.
• Senior Citizen Discount – Seniors may receive better insurance coverage rates on Cherokee coverage.

Please keep in mind that most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. So when it seems like you can get free auto insurance, it’s just not the way it works.

To see insurance coverage companies who offer free insurance coverage quotes, click here to view.

Get cheap insurance prices by understanding these factors

Consumers need to have an understanding of the different types of things that aid in calculating the rates you pay for car insurance. When you know what positively or negatively positively or negatively impacts your premiums, this enables informed choices that may result in big savings. Lots of things are part of the equation when premium rates are determined. Some factors are common sense like an MVR report, but other criteria are less apparent like your continuous coverage or how safe your car is.

The itemized list below are some of the things used by your company to calculate rates.

• Excellent credit saves on car insurance – Having a bad credit history can be a huge factor in calculating your car insurance rates. Consumers who have high credit ratings tend to file fewer claims than drivers with lower credit scores. If your credit score is lower than you’d like, you could pay less to insure your 2001 Jeep Cherokee by spending a little time repairing your credit.
• Lower rates come with age – Older people are shown to be more cautious, cost insurance companies less in claims and are safer drivers.Drivers with little experience are proven to be less responsible with other occupants in the car so car insurance rates are higher.
• Never let your policy expire – Driving with no insurance can get your license suspended and as a result your rates will increase for letting your insurance expire. Not only will rates go up, being ticketed for driving with no insurance might get you a steep fine or even jail time.
• Get married and pay less – Your spouse can actually save you money compared to being single. Having a spouse usually means you are more stable financially and statistics prove married couples file fewer claims.

Insurance coverage can be complex

When it comes to buying coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is unique so your insurance should reflect that For example, these questions might help in determining whether or not you would benefit from an agent’s advice.

• Can I afford to pay high deductible claims out of pocket?
• Why am I required to get a high-risk car insurance policy?
• I have health insurance so do I need medical payments coverage?
• Which companies will insure high-risk drivers?
• Is business property covered if stolen from my car?
• Why am I required to buy liability insurance?

If you’re not sure about those questions, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.

Insurance coverage myths debunked

Well-known insurance coverage companies like State Farm and Allstate continually stream television and radio advertisements. All the ads state the claim that drivers can save some big amount if you change your policy. But how can every company charge you a lower premium? Here is how they do it.

All the different companies can use profiling for the type of driver they prefer to insure. One example of a profitable customer could be married and over the age of 30, owns a home, and drives less than 7,500 miles a year. Any new insured that meets those criteria receive the lowest rate quotes and as a result will probably cut their rates substantially.

Drivers who do not match this ideal profile will see a higher premium which translates to the driver buying from a lower-cost company. If you listen to the ad wording, they say “drivers who switch” not “everyone that quotes” save that much money. That’s why insurance companies can advertise the savings. Because of these techniques, you really should do a rate comparison at every renewal. It’s not possible to predict the company that will provide you with the cheapest rates.

What insurance coverages do you need?

Understanding the coverages of insurance helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.

Liability auto insurance

Liability coverage provides protection from damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things such as pain and suffering, bail bonds, loss of income and attorney fees. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2001 Jeep Cherokee.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Collision insurance

This coverage will pay to fix damage to your Cherokee from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as driving through your garage door, damaging your car on a curb and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like a broken windshield, hail damage, damage from a tornado or hurricane, falling objects and damage from getting keyed. The most you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for short-term medical expenses for ambulance fees, surgery and nursing services. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Be a money saver!

When shopping online for insurance, you should never buy poor coverage just to save money. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits only to discover later that it was a big mistake. Your aim should be to get the best coverage possible at a price you can afford, but do not skimp to save money.

Some insurance companies may not offer online price quotes and usually these regional carriers only sell coverage through local independent agencies. Cheaper insurance can be found from both online companies and from local insurance agents, and you should be comparing both to have the best rate selection.

More information can be found at the links below

• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Insitute)
• How do I File a Claim? (Insurance Information Insitute)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Airbag FAQ (iihs.org)