Who Has the Cheapest Car Insurance Rates for Ride Shares in Chicago?

The vehicle model driven is a large factor that determines whether or not you find affordable coverage for a Jeep Grand Cherokee. Vehicles with lower acceleration and performance, good safety features, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models. The table below outlines coverage costs for a handful of the more affordable vehicles to buy coverage for.

Cheapest Vehicles to Insure in Chicago, IL
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $2,228
Ford Escape Limited 2WD $2,234
Dodge Grand Caravan Hero $2,355
Honda Accord EX-L 4-Dr Sedan $2,368
Toyota Prius $2,419
Ford Focus SEL 4-Dr Sedan $2,438
Toyota Tacoma 2WD $2,524
Jeep Wrangler Unlimited Sport 2WD 4-Dr $2,591
Ford F-150 STX Super Cab 4WD $2,596
Ford Edge SE AWD $2,597
Hyundai Sonata SE 4-Dr Sedan $2,651
Volkswagen Jetta LE 4-Dr Sedan $2,657
Chevrolet Malibu LS $2,665
Toyota RAV4 Limited 2WD $2,657
Jeep Grand Cherokee Laredo 4WD $2,663
Honda Civic LX 4-Dr Sedan $2,667
Toyota Camry Hybrid $2,696
Ford Explorer Limited 4WD $2,715
Chevrolet Impala LTZ $2,718
Toyota Corolla S $2,726
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Illinois minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Prices do not factor in specific zip code location which can affect coverage rates noticeably.

Looking at the rates, cars like the Honda CR-V, Ford Escape, Dodge Grand Caravan, Honda Accord, and Toyota Prius are most likely going to be a few of the most budget-friendly vehicles to insure for a Grand Cherokee.

For a Grand Cherokee, one of the big considerations that aid in calculating the amount you pay each year for auto insurance is where you keep your vehicle. Areas with more people or even just a higher incidence of claims will most likely have higher rates, whereas areas that tend to be more rural get the luxury of paying less.

The illustration below rates the most expensive cities in Illinois for a Jeep Grand Cherokee to purchase a policy in. Chicago is ranked #1 having an annual price of $1,544 for the average insurance policy, which is approximately $129 each month.

How much is auto insurance in Chicago, IL?
Rank City Annual Rate
1 Chicago $1,544
2 Cicero $1,541
3 Berwyn $1,464
4 Skokie $1,447
5 Des Plaines $1,248
6 Oak Lawn $1,243
7 Evanston $1,238
8 Mount Prospect $1,205
9 Waukegan $1,176
10 Orland Park $1,173
11 Joliet $1,145
12 Bolingbrook $1,128
13 Schaumburg $1,123
14 Tinley Park $1,120
15 Rockford $1,119
16 Palatine $1,109
17 Arlington Heights $1,106
18 Elgin $1,105
19 Peoria $1,060
20 Decatur $1,044
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Table data uses approximated as the specific garaging location can change insurance rates substantially.

Buying cost effective insurance is not the easiest thing to accomplish, and figuring out which company has the cheapest insurance rates for a Jeep Grand Cherokee may require even more shopping around.

Every car insurance company uses a slightly different approach to set their prices, so we’ll take a look at the insurance companies with the most affordable rates in Chicago, IL. It’s important to understand that Chicago, IL insurance rates are calculated based on many things which can significantly increase or decrease the cost of having a policy. This price variability is why it is important to spend some time comparing rates to find the most budget-friendly car insurance quotes for a Jeep Grand Cherokee. Insurance rates can be altered by many things and change frequently, so the most affordable company the last time you checked may now cost much more than other companies.

Cheapest Insurance Rates for Your Jeep

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Rankings for the cheapest Illinois auto insurance companies
Rank Company Cost Per Year
1 The Hartford $746
2 Rockford Mutual $838
3 Titan $860
4 Erie $887
5 Cincinnati Insurance $915
6 Travelers $952
7 SECURA $965
8 Utica National $984
9 USAA $988
10 State Farm $1,012
11 Auto-Owners $1,022
12 Safeco $1,095
13 GEICO $1,107
14 Amica $1,109
15 Farmers $1,146
16 California Casualty $1,161
17 Progressive $1,206
18 State Auto $1,223
19 Esurance $1,233
20 MetLife $1,244
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The Hartford quotes some of the lowest car insurance rates in Chicago at around $746 a year. Rockford Mutual, Titan, Erie, and Cincinnati Insurance also are some of the more affordable Chicago, IL auto insurance companies.

As the rates illustrate above, if you are a customer of Cincinnati Insurance and switched to Rockford Mutual, you may see an annual premium reduction of around $77. Illinois drivers with Travelers could save as much as $114 a year, and SECURA insureds might reduce rates by $127 a year.

Understand that those estimates are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact zip code location for a Jeep Grand Cherokee. So the auto insurance company that can offer you the best rate may not even be in the top 36 companies shown above. That illustrates why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

The information below illustrates how choosing a deductible can increase or decrease insurance costs when searching for cheap insurance for a Jeep Grand Cherokee. The premiums assume a single male driver, full coverage, and no discounts are applied.

In the chart above, a 40-year-old driver could lower their policy premium by $214 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $324 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could possibly save $702 every year by using higher deductibles when buying full coverage.

When raising deductibles, it is a good idea to have emergency funds available to allow you to cover the extra out-of-pocket expense associated with higher deductibles.

Illinois insurance company ratings

Insuring your vehicle with a good quality insurer is hard considering how many different companies sell coverage in Illinois. The rank data below may help you choose which auto insurers to look at when shopping insurance around for a Jeep Grand Cherokee. These rankings are only comprised of companies with a nationwide focus, so companies that may only write in Illinois are not factored into the list.

Best 15 Insurance Companies for Ride Shares in Chicago
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 99 100 90 92% A++ 97.4
21st Century 89 86 100 88% A 92.7
GEICO 97 91 88 85% A++ 92.5
Nationwide 88 94 91 88% A+ 91.3
AAA Insurance 93 87 88 87% A 90.8
Liberty Mutual 91 91 92 87% A 90.7
Safeco Insurance 90 93 88 86% A 90.2
State Farm 91 94 80 88% A++ 90.2
Travelers 89 91 94 79% A++ 90.1
American Family 88 92 83 88% A 89.4
Titan Insurance 89 91 83 86% A+ 89.3
Allstate 90 90 84 85% A+ 89.1
Progressive 83 85 99 87% A+ 88.7
Erie Insurance 92 90 82 88% A+ 88.5
Mercury Insurance 87 95 87 84% A+ 88.3
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Data Source: Insure.com Best Car Insurance Companies

How to find economical car insurance for a Jeep Grand Cherokee

The list below summarizes a few money-saving ideas that can help you quote lower-cost coverage.

That last piece of advice is particularly important, as we stressed in this article. Coverage rates in Chicago adjust frequently, so don’t be unwilling to change to a new company if a more affordable rate is found.

Many consumers stick with the same company and that’s fine, but it’s not a great idea if that inflexibility results in costing you a small fortune year after year. In just a few minutes you could compare rates and find cheaper car insurance for a Jeep Grand Cherokee.