What Auto Insurance is Cheapest for a Jeep Grand Cherokee in Chicago?

Finding the best cheap insurance for a Jeep Grand Cherokee in Illinois can be pretty simple, but it depends on a whole bunch of factors such as how you use your vehicle, your residence address, and driving violations and tickets. Drivers in Illinois pay on average $797 each year for Grand Cherokee insurance, but that amount is a valuation using a 50-year-old single female driver with full physical damage coverage and $250 deductibles.

The problem with using this number is the good chance you are not 50 and maybe not even a female, possibly married instead of single, or maybe you prefer higher deductibles. This example demonstrates why the best way to find affordable rates for your Jeep is to do the rate comparisons yourself.

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The trim level of your vehicle can impact the annual cost of coverage, so the rate you pay to insure a Grand Cherokee Laredo 2WD will be $80 cheaper than the insurance cost for the more well-appointed Grand Cherokee SRT-8 4WD trim level, as shown in the prices below.

Jeep Grand Cherokee Insurance Rates in Chicago, IL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $174 $334 $294 $18 $88 $908 $76
Grand Cherokee Laredo 4WD $174 $334 $294 $18 $88 $908 $76
Grand Cherokee Limited 2WD $196 $392 $294 $18 $88 $988 $82
Grand Cherokee Limited 4WD $196 $392 $294 $18 $88 $988 $82
Grand Cherokee SRT-8 4WD $196 $392 $294 $18 $88 $988 $82
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in specific garaging location which can alter rates greatly.

Determining which insurers offer the most affordable auto insurance rates for a Jeep Grand Cherokee may require a tad more effort than just quoting one company’s rates. Every car insurance company has a unique approach to determine rates, so to begin we’ll rank the overall cheapest auto insurance companies in Chicago.

We do need to point out that Illinois auto insurance rates are impacted by many factors that control the price you have to pay for coverage. Improving your credit rating, buying a home, or getting a driving violation may prompt premium changes resulting in some companies being more affordable than others.

Cheapest Insurance Rates for Your Jeep

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Rankings for the cheapest car insurance companies in Illinois
Rank Company Cost Per Year
1 The Hartford $746
2 Rockford Mutual $822
3 Titan $852
4 Erie $887
5 Cincinnati Insurance $897
6 USAA $959
7 Utica National $975
8 SECURA $975
9 Travelers $981
10 State Farm $982
11 Auto-Owners $1,033
12 GEICO $1,074
13 Safeco $1,095
14 Amica $1,120
15 California Casualty $1,161
16 Farmers $1,170
17 Esurance $1,185
18 Progressive $1,206
19 MetLife $1,207
20 State Auto $1,223
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The Hartford has some of the best car insurance rates in Chicago at around $746 each year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also rank well as some of the cheapest Chicago, IL insurance companies.

As the example above demonstrates, if you are a policyholder with Rockford Mutual and switched to The Hartford, you may realize annual savings of roughly $76. Policyholders with Titan might save as much as $106 a year, and Erie insureds might lower prices by $141 a year.

To find the cheapest rates for your vehicle, click here to get quotes or visit several of the following companies.

It’s important to note that these estimates are averaged across all drivers and vehicles in Illinois and do not factor in an exact vehicle garaging location for a Jeep Grand Cherokee. So the company that is best for you may not even be in the list above. That’s why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

The illustration below illustrates how your choice of deductibles can affect yearly insurance costs when searching for cheap insurance for a Jeep Grand Cherokee. The rates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

A 40-year-old driver could reduce rates by $300 a year by increasing from a $100 deductible to a $500 deductible, or save $450 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old, can save as much as $988 or more just by using higher deductibles.

If you do make the decision to raise your deductibles, it will be required to have enough spare savings to enable you to pay the extra out-of-pocket expense associated with higher deductibles.

What aren’t you shopping around?

Chicago auto insurance rates are impacted by many factors that can increase the price you have to pay for coverage. Simply turning a year older, buying higher coverage limits, or getting caught speeding can trigger rate changes resulting in some companies being affordable when they were higher priced. Not only that, but insurers change prices as often as every quarter in order to maintain liquidity for claims. Heavy losses can cause price increases, while lower claim levels can produce lower-priced Grand Cherokee insurance rates.

To help illustrate this point, the data below shows the company with the cheapest car insurance in Chicago, IL for a 35-year-old female driver with a clear driving record, no claims, and a high credit rating. If we estimate rates based on her current risk factors, The Hartford may have the cheapest car insurance rates in Chicago at $1,210 annually. This is $139 less than the average price paid by Illinois drivers of $1,349. Rockford Mutual, Titan, Erie, and Cincinnati Insurance are the remainder of the best Chicago, IL auto insurance companies.

Now we will pretend the driver from the first example a chargeable accident, less-than-perfect credit, and a few traffic violations. Since each auto insurer uses a different method to set premium rates, getting updated rate quotes may now show a different list of the cheapest companies as shown below.

Utica National now has the cheapest insurance rate in Chicago, IL with State Farm, USAA, SECURA, and Auto-Owners completing the list. This demonstrates why Illinois drivers need to perform a complete rate comparison to find the most budget-friendly auto insurance rates for a Jeep Grand Cherokee.

Prices are impacted by many things and change dramatically, so the cheapest rate when you bought your policy may now not even be in the top five.