Cheaper 1998 Jeep Cherokee Car Insurance Cost

I can’t think of anyone who likes having to buy insurance coverage, especially when they could get a better deal. With so many choices of insurance companies, it can be impossible to choose the most cost effective insurance coverage company.

This information will teach you the best way to quote coverages and some tips to save money. If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using this information. Drivers just need to learn how to compare rates online.

Get cheaper insurance with discounts

Auto insurance companies don’t necessarily list the entire discount list in an easy-to-find place, so the following is a list of both well-publicized and the more hidden credits available to you.

  • Discount for Passive Restraints – Vehicles equipped with air bags may qualify for discounts of up to 25% or more.
  • Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a small discount if you purchase a life policy as well.
  • Onboard Data Collection – Drivers who agree to allow companies to look at where and when they drive by using a telematic data system such as In-Drive from State Farm or Allstate’s Drivewise system might get better premium rates if they have good driving habits.
  • Paperwork-free – A handful of insurance companies will give a small break for buying your policy on the web.
  • Braking Control Discount – Vehicles equipped with ABS or steering control have fewer accidents and the ABS can save up to 10%.
  • Seat Belts Save – Drivers who require all vehicle occupants to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.

Policy discounts save money, but most of the big mark downs will not be given to the entire cost. Most only cut specific coverage prices like liability, collision or medical payments. Even though the math looks like you can get free auto insurance, you aren’t that lucky.

Larger insurance companies and their possible discounts include:

  • GEICO may offer discounts for multi-policy, military active duty, daytime running lights, air bags, and good student.
  • USAA offers discounts including good student, vehicle storage, driver training, multi-vehicle, loyalty savings, military installation, and annual mileage.
  • Progressive has savings for continuous coverage, multi-policy, good student, online signing, and multi-vehicle.
  • American Family policyholders can earn discounts including defensive driver, good driver, air bags, Steer into Savings, bundled insurance, accident-free, and mySafetyValet.
  • Esurance may include discounts for DriveSense, defensive driver, anti-lock brakes, Pac-12 alumni, paid-in-full, anti-theft, and emergency road assistance.
  • Farmers Insurance offers discounts for switch companies, multi-car, homeowner, early shopping, and teen driver.
  • State Farm discounts include Steer Clear safe driver discount, Drive Safe & Save, multiple autos, driver’s education, good student, and passive restraint.

Before you buy a policy, ask each insurance company the best way to save money. Some discounts listed above may not apply to policyholders in your area. If you would like to view insurance companies that offer many of these discounts, click this link.

Compare auto insurance rates

Finding more affordable auto insurance prices is a great way to save money. You just need to spend a few minutes comparing rates to discover which company has inexpensive insurance coverage quotes. This can easily be done using one of these methods.

  • The most recommended method to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This method keeps you from doing separate quotation requests for every auto insurance company. Just one form gets coverage cost estimates from many national carriers.
  • Another way to find better pricing requires a trip to each company’s website and fill out a new quote form. For sake of this example, we’ll assume you want to compare Progressive, Farmers and Liberty Mutual. In order to compare rates, you need to go to every website and type in your information over and over, which is why first method is reommended. For a list of links to insurance companies in your area, click here.

You can use whichever method you prefer to find lower rates, just be sure to compare the exact same information on every quote. If you enter higher or lower deductibles it will be very difficult to truly determine the lowest rate.

Five factors that influence insurance rates

Consumers need to have an understanding of the factors that help calculate your premiums. When you understand what determines premiums, this helps enable you to make changes that can earn you lower insurance coverage prices.

  • Prices for males may be higher – Statistics show that females take fewer risks when driving. It does not mean men are WORSE drivers than women. Both sexes get in accidents at a similar rate, but the males cause more damage and cost insurance companies more money. Not only that, but men also receive more costly citations like reckless driving and DUI. Young men ages 16 to 20 cause the most accidents and thus pay the highest rates.
  • Save money with higher comp and collision deductibles – The deductibles state the amount of money you are willing to pay out-of-pocket if a covered claim is submitted. Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some coverage claims could be collision with another vehicle, hail damage, and having a roll-over accident. The more expense the insured is willing to pay, the better rate you will receive on Cherokee coverage.
  • Liability insurance is cheap – Liability coverage will afford coverage if ever a court rules you are at fault for damages from an accident. Liability insurance provides legal defense which can be incredibly expensive. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
  • Having a spouse can save you money – Having a wife or husband helps lower the price compared to being single. It is viewed as being more mature and statistics show married drivers tend to have fewer serious accidents.
  • Don’t get traffic citations – A bad driving record impacts your car insurance rates tremendously. Drivers who don’t get tickets pay less for auto insurance than their less careful counterparts. Having just one speeding ticket can boost insurance rates to the point where it’s not affordable. Drivers who have received license-revoking tickets like hit and run, DWI or reckless driving convictions might be required by their state to maintain a SR-22 with the DMV in their state in order to keep their license.

Tailor your insurance coverage to you

When buying the right insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions might point out whether or not you may require specific advice.

  • Is my dog or cat covered if injured in an accident?
  • What are the best liability limits?
  • Do I benefit by insuring my home with the same company?
  • Will I lose any money if I cancel my policy before it expires?
  • Am I covered when using my vehicle for business?
  • What is the ISO rating for a 1998 Jeep Cherokee?
  • What is PIP insurance?
  • Can I rate high risk drivers on liability-only vehicles?
  • Can my babysitter drive my car?
  • Should I bundle my homeowners policy with my auto?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It is quick, free and may give you better protection.

Insurance coverages 101

Understanding the coverages of insurance can help you determine the best coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things such as sustaining damage from a pot hole, colliding with another moving vehicle, hitting a mailbox and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as a broken windshield, falling objects and fire damage. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Liability – This will cover damage or injury you incur to people or other property that is your fault. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability can pay for claims like bail bonds, medical services, pain and suffering, loss of income and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as prosthetic devices, doctor visits and ambulance fees. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and also any damage incurred to your 1998 Jeep Cherokee.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Pennies from heaven

Low-cost 1998 Jeep Cherokee insurance can be bought both online in addition to local insurance agencies, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers don’t offer rate quotes online and these smaller companies sell through independent insurance agents.

We just covered many ways to save on 1998 Jeep Cherokee insurance. The most important thing to understand is the more you quote insurance coverage, the better your chances of lowering your rates. Consumers may even find the best price on insurance coverage is with a smaller regional carrier. They can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.

While you’re price shopping online, never sacrifice coverage to reduce premiums. In too many instances, someone dropped full coverage only to regret at claim time they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage at the best price.

Additional insurance coverage information is available on the following sites: