Buying the cheapest car insurance for a Jeep Grand Cherokee in South Carolina can be pretty simple, but it hinges on a very complex rating algorithm that uses multiple factors such as how many years you have been driving, if you have prior claims, and your driving record. Drivers pay approximately $1,143 annually for Grand Cherokee insurance, but that is an approximation using a 50-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.
The issue with using an average estimated rate is the likelihood you are not 50 and maybe not even a female, possibly married instead of single, or maybe you prefer liability limits higher than required by South Carolina state law. Just a minor difference in rating criteria can result in a massive change in policy price.
This shows why the way we recommend to find cheap car insurance rates for your Jeep is to do a thorough rate comparison.
Your vehicle's trim level will likely have an effect on the cost of insurance, so the price to insure a Grand Cherokee Laredo 2WD will be $126 less than the price to insure the fancier Grand Cherokee SRT-8 4WD version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Grand Cherokee Laredo 2WD||$252||$520||$386||$22||$116||$1,296||$108|
|Grand Cherokee Laredo 4WD||$252||$520||$386||$22||$116||$1,296||$108|
|Grand Cherokee Limited 2WD||$286||$612||$386||$22||$116||$1,422||$119|
|Grand Cherokee Limited 4WD||$286||$612||$386||$22||$116||$1,422||$119|
|Grand Cherokee SRT-8 4WD||$286||$612||$386||$22||$116||$1,422||$119|
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and South Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Rate information does not factor in vehicle garaging location which can impact auto insurance rates significantly.
Finding reliable, low-cost insurance is not easy, and figuring out which companies have the cheapest auto insurance rates for a Jeep Grand Cherokee in South Carolina will take a little more work. Each auto insurance company has a different process to determine rates, so let's rank the auto insurance companies that tend to be cheaper in South Carolina.
It's important that you understand South Carolina auto insurance rates are determined by lots of factors which can significantly increase or decrease the policy premium. This is why it is crucial to perform an extensive rate comparison when trying to get the lowest auto insurance quotes for a Jeep Grand Cherokee. Insurance rates are calculated by many different factors and can change substantially, so the most economical company three years ago may now be quite expensive.
Best Car Insurance Prices for Your Jeep
The Hartford normally has some of the best car insurance rates in South Carolina at around $752 each year. This is $857 less than the average rate paid by South Carolina drivers of $1,609. USAA, State Auto, Auto-Owners, and Southern Farm Bureau also make the cut as some of the lowest-priced South Carolina auto insurance companies.
In the above rates, if you currently have a policy with Auto-Owners and switched to USAA, you could realize a yearly price reduction of in the vicinity of $138. Insureds with Southern Farm Bureau could save as much as $245 a year, and SC Farm Bureau Mutual insureds might lower prices by up to $283 a year.
To get a quick, customized rate comparison, click here or quote rates from the companies below.
Understand that those premiums are averages for all insureds and vehicles and are not factoring in a specific rating modification for a Jeep Grand Cherokee. So the company that has the cheapest price for you may not even be in the top 18 companies in the list above. That helps illustrate why you need to get auto insurance quotes using your own specific driver and vehicle information.
Full coverage versus liability only rates
Reducing premiums for auto insurance should be important to most drivers, and an effective way to pay lower rates for insurance for a Jeep Grand Cherokee in South Carolina is to only pay for liability coverage. The diagram below shows the difference between car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in South Carolina. The information is based on no claims or driving violations, $500 deductibles, single marital status, and no additional discounts are factored in.
If averaged for all ages, comprehensive and collision coverage on your policy costs $2,057 per year more than just buying liability insurance. Many drivers will wonder when is it a good idea to stop buying full coverage. There isn't a steadfast formula of when to exclude full coverage, but there is a general guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let's assume your vehicle's replacement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $10,000 after paying the physical damage deductible. If you are currently paying more than $1,000 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some circumstances where removing full coverage is not recommended. If you haven't satisfied your loan, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
The information below demonstrates how choosing different deductibles can increase or decrease insurance costs when searching for cheap insurance for a Jeep Grand Cherokee in South Carolina. The information is based on a single male driver, comp and collision included, and no discounts are applied.
A 40-year-old driver could lower their car insurance rates by $334 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $506 by selecting a $1,000 deductible. Even younger insureds, such as the Age 20 example, could potentially save up to $1,106 each year by using a higher deductible.
When increasing deductibles, it will be important to have enough funds in savings to enable you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Get discount South Carolina car insurance
Car insurance companies that provide coverage for a Jeep Grand Cherokee could also offer price discounts that can lower rates by as much as 30% if you meet specific eligibility requirements. Companies and some of their more popular discounts are outlined below.
- Progressive offers discounts including good student, continuous coverage, online signing, multi-vehicle, and homeowner.
- Farmers Insurance discounts include pay in full, distant student, electronic funds transfer, business and professional, bundle discounts, and multi-car.
- Farm Bureau may include discounts for 55 and retired, multi-vehicle, youthful driver, safe driver, good student, and renewal discount.
- State Farm offers discounts for passive restraint, accident-free, multiple policy, driver's education, and anti-theft.
- GEICO may offer discounts for emergency military deployment, multi-vehicle, military active duty, anti-theft, and driver training.
- SAFECO may have discounts that include teen safe driver, accident prevention training, homeowner, teen safety rewards, multi-car, anti-theft, and anti-lock brakes.
- Liberty Mutual has discounts for exclusive group savings, new graduate, good student, multi-policy, safety features, hybrid vehicle, and newly retired.
The diagram below illustrates the difference between insurance premiums with and without discounts applied to the premium. The data is based on a male driver, no accidents or driving violations, South Carolina state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multiple vehicle, safe-driver, passive restraint, claim-free, and multiple policy discounts applied. When discounts are applied, the average amount saved each year on auto insurance for a Jeep Grand Cherokee is 28% or $640.