Being forced to pay for high-priced auto insurance premiums can bleed your savings account and force you to make tough financial choices. Comparison shopping is free and is an excellent way to lower your bills every month.
It’s amazing but the vast majority of auto insurance customers kept their coverage with the same auto insurance company for more than four years, and 38% of drivers have never compared rate quotes at all. Madison insurance shoppers can save hundreds of dollars each year by just comparing rate quotes, but they think it’s difficult to compare rate quotes. Numerous insurers battle for your business, so it’s not easy to compare every insurer to find the cheapest price on Jeep Grand Cherokee insurance in Madison.
If you already have coverage or just want a better rate, you can use this information to cut your premiums without reducing coverage. Locating the best rates in Madison is actually very simple if you learn how to start. Smart buyers just need to use the proper way to find the lowest price from many different companies.
Getting a low cost price on insurance is actually quite simple. Consumers just need to take time comparing rate quotes online with multiple companies.
Online shopping is fast and free, and it makes it a waste of time to physically go to insurance agents’ offices. Comparing Jeep Grand Cherokee insurance rates online makes this unnecessary unless your situation requires the guidance of an agent trained in personal lines coverage. If you prefer, some companies allow you to price shop your coverage online but buy the policy through an agent.
The providers in the list below are ready to provide quotes in Wisconsin. If you want to find the best auto insurance in Madison, we suggest you visit as many as you can to get the most affordable price.
Car insurance data for a Jeep Grand Cherokee
The price information shown below outlines estimates of policy rates for Jeep Grand Cherokee models. Knowing how insurance policy rates are established is important for you to make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $140 | $236 | $234 | $14 | $70 | $694 | $58 |
| Grand Cherokee Laredo 4WD | $140 | $236 | $234 | $14 | $70 | $694 | $58 |
| Grand Cherokee Limited 2WD | $158 | $278 | $234 | $14 | $70 | $754 | $63 |
| Grand Cherokee Limited 4WD | $158 | $278 | $234 | $14 | $70 | $754 | $63 |
| Grand Cherokee SRT-8 4WD | $158 | $278 | $234 | $14 | $70 | $754 | $63 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in vehicle location which can influence premiums greatly.
Deductible analysis
One frequently asked question is what deductibles to buy. The comparison tables below illustrate the cost difference of buying low and high comp and collision deductibles. The first data table uses a $100 deductible for comprehensive and collision coverage and the second price table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $198 | $358 | $230 | $14 | $68 | $893 | $74 |
| Grand Cherokee Laredo 4WD | $198 | $358 | $230 | $14 | $68 | $893 | $74 |
| Grand Cherokee Limited 2WD | $224 | $422 | $230 | $14 | $68 | $983 | $82 |
| Grand Cherokee Limited 4WD | $224 | $422 | $230 | $14 | $68 | $983 | $82 |
| Grand Cherokee SRT-8 4WD | $224 | $422 | $230 | $14 | $68 | $983 | $82 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| Grand Cherokee Laredo 4WD | $110 | $188 | $230 | $14 | $68 | $610 | $51 |
| Grand Cherokee Limited 2WD | $124 | $222 | $230 | $14 | $68 | $658 | $55 |
| Grand Cherokee Limited 4WD | $124 | $222 | $230 | $14 | $68 | $658 | $55 |
| Grand Cherokee SRT-8 4WD | $124 | $222 | $230 | $14 | $68 | $658 | $55 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate quotes do not factor in garaging location in Madison which can influence auto insurance rates substantially.
Based on the figures above, using a $100 deductible will cost you approximately $26 more each month or $312 every year averaged for all Grand Cherokee models than buying the higher $1,000 deductible. Since you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 35 months between claims, you would probably be better off if you decide on a higher deductible.
Calculate savings of higher deductibles
| Average monthly premium for $100 deductibles: | $79 |
| Average monthly premium for $1,000 deductibles (subtract): | – $53 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 35 months |
One important caveat is that a higher deductible level means you will have to cover more of the damage yourself when you do file a claim. It will be required that you have some funds available in order to pay the deductible to have repairs made.
The information below illustrates how choosing a deductible and can influence Jeep Grand Cherokee insurance rates for each different age group. The premiums are based on a married female driver, comp and collision included, and no discounts are taken into consideration.
Poor driving habits will raise your car insurance rates
The diagram below demonstrates how traffic citations and at-fault claims can drive up Jeep Grand Cherokee insurance costs for different categories of driver ages. The premiums assume a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
It may be expensive, but it’s not optional
Despite the high insurance cost for a Jeep Grand Cherokee in Madison, insurance is required in Wisconsin but it also protects you in many ways.
- The majority of states have minimum liability requirements which means you are required to carry a specific minimum amount of liability coverage if you drive a vehicle. In Wisconsin these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Jeep Grand Cherokee has a loan, almost all lenders will have a requirement that you buy insurance to guarantee their interest in the vehicle. If you let the policy lapse, the bank or lender will purchase a policy for your Jeep at a more expensive rate and force you to pay for the much more expensive policy.
- Car insurance protects both your assets and your car. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If you have damage to your Jeep as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of having car insurance more than cancel out the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $810 a year so smart consumers compare quotes each time the policy renews to make sure the price is not too high.
Jeep Grand Cherokee insurance discounts in Madison
The price of auto insurance can be rather high, but there could be available discounts to help bring down the price. Some trigger automatically at the time you complete a quote, but less common discounts must be manually applied before they will apply. If you don’t get every credit you deserve, you are not getting the best rate possible.
- Military Deployment Discount – Having an actively deployed family member may lower your car insurance rates slightly.
- Student Discount for Driver Training – Have your child enroll and complete driver’s education in school.
- Accident Free – Claim-free drivers have much lower rates in comparison with frequent claim filers.
- Defensive Driver Discount – Taking part in a class that teaches defensive driving techniques may get you a small discount depending on where you live.
- College Student – Older children who live away from home at college and won’t have access to an insured vehicle can receive lower rates.
- Discounts for Seat Belt Usage – Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
- One Accident Forgiven – This isn’t a discount exactly, but certain companies will let one accident slide without the usual rate increase so long as you are claim-free for a particular time prior to the accident.
- Telematics Devices – Insureds who allow driving data collection to analyze vehicle usage by using a telematics device in their vehicle such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction if they are good drivers.
- Employee of Federal Government – Federal government employees can earn a discount up to 10% but check with your company.
- Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. Many companies even apply the discount to college students until age 25.
It’s important to understand that most discount credits are not given to the entire cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though you would think having all the discounts means you get insurance for free, you won’t be that lucky.
The diagram below illustrates the comparison of Jeep Grand Cherokee premium costs with and without policy discounts. Data assumes a male driver, no tickets, no at-fault accidents, Wisconsin state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, multi-policy, claim-free, marriage, and homeowner discounts applied.
Some of the larger companies that have these benefits include:
Before purchasing a policy, check with each company to give you their best rates. Some discounts listed above may not apply in your state. To choose insurance companies with discount rates in Madison, click this link.
Local Madison insurance agents
Many people still prefer to buy from a local agent and that is a smart decision Agents will help you protect your assets and help submit paperwork. One of the great benefits of price shopping on the web is that you can obtain the best rates and still have an agent to talk to.
To help locate an agent, after submitting this quick form, the quote information is transmitted to insurance agents in Madison who want to provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to leave your computer since rate quotes are delivered instantly to you. If you need to quote rates from a specific insurance company, you would need to navigate to their website and fill out the quote form the provide.
Choosing the best provider requires more thought than just a low price. Here are some questions you might want to ask.
- Do you work with a CSR or direct with the agent?
- Do the agents have professional certifications like CPCU or CIC?
- Can you choose the body shop in case repairs are needed?
- How long has their agency been open in Madison?
- If your car is totaled, how to they determine the replacement cost?
- Can glass claims be handled at your home?
- Where are claims handled?
- Does the agent help file claims?
Types of auto insurance agents in Madison
When narrowing the list to find a good insurance agency, it’s important to understand the different types of agencies and how they function. Madison agents can be described as either exclusive or independent agents depending on their company appointments. Either one can properly insure your vehicles, but it’s important to know the subtle differences since it can affect the kind of agent you use.
Exclusive Insurance Agents
Agents that choose to be exclusive can usually just insure with one company such as Farmers Insurance and State Farm. Exclusive agencies are unable to shop your coverage around so you need to shop around if the rates are high. Exclusive insurance agents receive a lot of sales training on their company’s products which helps overcome the inability to quote other rates.
Listed below are Madison exclusive agents who can help you get comparison quotes.
Farmers Insurance – Laura Beck Nielsen
1915 Winnebago St #102 – Madison, WI 53704 – (608) 237-3747 – View Map
Steve Aune Agency, Inc. American Family Insurance
658 S Gammon Rd #202 – Madison, WI 53719 – (608) 274-9702 – View Map
Farmers Insurance
2317 International Ln – Madison, WI 53704 – (608) 249-7380 – View Map
Independent Auto Insurance Agencies
Agents of this type can sell policies from many different companies and that enables them to quote your coverage amongst many companies and find you cheaper rates. If premiums increase, they can switch companies in-house and you don’t have to find a new agent. When comparing auto insurance prices, you will want to compare prices from at least one independent agent for maximum quote selection.
Shown below are Madison independent agents that are able to give price quotes.
Universal Insurance Agency Corporation
6709 Raymond Rd – Madison, WI 53719 – (608) 216-7060 – View Map
Stainbrook Agency
2810 Crossroads Dr #4000 – Madison, WI 53718 – (608) 535-9291 – View Map
Affiliated Insurance-Wisconsin
3830 Atwood Ave – Madison, WI 53714 – (608) 273-3361 – View Map
Madison car insurance company ratings
Buying coverage from the best company is hard considering how many companies provide coverage in Wisconsin. The information listed below may help you decide which companies to look at shopping prices with.
| 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 |
| 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 |
| The Hartford | 87 | 89 | 84 | 87% | A+ | 88 |
| Esurance | 84 | 88 | 85 | 83% | A+ | 86 |
| Farmers Insurance | 79 | 88 | 84 | 87% | A | 84.7 |
| The General | 88 | 80 | 85 | 80% | A- | 84.5 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Information about specific coverages
Having a good grasp of your insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most insurance policies.
Collision protection
Collision insurance pays for damage to your Grand Cherokee from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like colliding with a tree, sideswiping another vehicle, scraping a guard rail and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible on your Grand Cherokee in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance
This coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Jeep Grand Cherokee.
Since many Wisconsin drivers only purchase the least amount of liability that is required (25/50/10 in Wisconsin), their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for claims such as a tree branch falling on your vehicle, hitting a deer and fire damage. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Auto liability
This will cover damage or injury you incur to other people or property. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 25/50/10 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property.
Liability can pay for claims such as structural damage, repair costs for stationary objects, medical services and pain and suffering. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford. Wisconsin requires drivers to carry at least 25/50/10 but you should think about purchasing more liability than the minimum.
The chart below demonstrates why buying minimum limits may not be enough.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like chiropractic care, hospital visits, dental work and pain medications. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
Cheaper auto insurance is a realistic goal
As you prepare to switch companies, never skimp on coverage in order to save money. In too many instances, drivers have reduced liability limits or collision coverage only to discover later that they should have had better coverage. Your goal is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.
Cost effective Jeep Grand Cherokee insurance can be bought online and from local agencies, and you need to comparison shop both to get a complete price analysis. Some insurance companies don’t offer the ability to get quotes online and many times these regional carriers work with independent insurance agents.
How to save money on Jeep Grand Cherokee insurance in Madison
Really, the only way to get discount Jeep Grand Cherokee insurance is to start comparing prices yearly from different companies that sell auto insurance in Madison. Rates can be compared by following these guidelines.
- Learn about car insurance and the factors you can control to prevent expensive coverage. Many risk factors that increase rates such as careless driving and a substandard credit score can be controlled by improving your driving habits or financial responsibility.
- Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive or Farmers Insurance, while agents who are independent can quote prices from many different companies.
- Compare the quotes to your existing rates to see if cheaper Grand Cherokee coverage is available. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.
An essential thing to point out is to try to use similar coverage information on each price quote and and to get prices from as many auto insurance providers as possible. Doing this ensures a level playing field and the best price selection.
Helpful resources
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Affordable Car Insurance Rates for a Jeep Wrangler in Madison? (FAQ)
- Who Has Cheap Auto Insurance for Drivers with Accidents in Madison? (FAQ)
- How Much is Auto Insurance for Infrequent Drivers in Madison? (FAQ)
- What Auto Insurance is Cheapest for a Hyundai Elantra in Madison? (FAQ)
- Who Has Affordable Auto Insurance for Teenage Males in Madison? (FAQ)
- What Auto Insurance is Cheapest for High School Students in Madison? (FAQ)
- What Car Insurance is Cheapest for Business Use in Madison? (FAQ)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Information for Teen Drivers (GEICO)