How Much Does 2001 Jeep Cherokee Car Insurance Cost?

Sick and tired of paying out the nose to make your insurance payment? You are no different than the majority of other vehicle owners.

Multiple insurance companies compete for your business, and it can be difficult to compare rates and uncover the absolute lowest rate possible.

If you are paying for car insurance now, you should be able to lower your premiums substantially using these tips. Buying car insurance is not rocket science. Nevertheless, drivers need to have an understanding of how insurance companies market on the web.

Save a ton with these discounts

Insurance can be pricey, but you might find some hidden discounts that can drop the cost substantially. Some discounts will apply when you get a quote, but some need to be asked about in order for you to get them.

  • Include Life Insurance and Save – Insurance companies who offer life insurance give better premium rates if you take out auto and life insurance together.
  • Military Rewards – Having a deployed family member could be rewarded with lower insurance rates.
  • Student Driver Training – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course in high school.
  • Discounts for Good Drivers – Insureds who avoid accidents could pay up to 40% less on Cherokee coverage than drivers with accident claims.
  • Federal Government Employee – Employees or retirees of the government may reduce rates when you quote insurance coverage on Cherokee coverage but check with your company.

As a footnote on discounts, most discounts do not apply to the entire cost. Some only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like all those discounts means the company will pay you, you aren’t that lucky.

A list of companies and a selection of discounts can be found below.

  • State Farm may include discounts for passive restraint, Drive Safe & Save, driver’s education, Steer Clear safe driver discount, and multiple autos.
  • Nationwide may have discounts that include Farm Bureau membership, business or organization, anti-theft, multi-policy, and family plan.
  • GEICO offers discounts including daytime running lights, military active duty, driver training, five-year accident-free, and anti-lock brakes.
  • AAA has discounts for education and occupation, pay-in-full, multi-policy, multi-car, and anti-theft.
  • 21st Century includes discounts for student driver, automatic seat belts, homeowners, early bird, theft prevention, teen driver, and defensive driver.
  • The Hartford offers discounts for defensive driver, bundle, good student, vehicle fuel type, driver training, and anti-theft.

It’s a good idea to ask all companies you are considering which discounts can lower your rates. Some credits may not apply to policyholders in your area.

How to get auto insurance rate quotes

There are a lot of ways you can shop for auto insurance but there is one way that is less time-consuming than others. You can waste a lot of time discussing policy coverages with local insurance agents in your area, or you can stay home and use online quotes to maximize your effort.

Most car insurance companies enroll in a system that enables customers to submit their information once, and every company then gives them pricing. This saves time by eliminating form submissions for each company you want a rate for.

To compare pricing click here to open in new window.

The one downside to using this type of form is you don’t know exactly which companies to get quotes from. So if you want to choose specific insurance companies to request quotes from, we have assembled a list of companies who write auto insurance in your area. Click to view list.

How you compare quotes is your choice, just be certain you are entering apples-to-apples coverage information on every quote you get. If you use different liability limits it’s impossible to determine which rate is truly the best. Just slight variations in coverage limits can result in a big premium difference. And when price shopping your coverage, getting more free quotes will enable you to find the best offered rates.

Auto insurance can be complex

When it comes to choosing the right insurance coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions may help you determine if you will benefit from professional help.

  • Does coverage extend to Mexico or Canada?
  • Is my 2001 Jeep Cherokee covered for flood damage?
  • Do I need rental car coverage?
  • Who is covered by my policy?
  • Which companies will insure high-risk drivers?
  • Am I covered if I drive in a foreign country?
  • Do I need special endorsements for business use of my vehicle?
  • Is a new car covered when I drive it off the dealer lot?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Should I buy more coverage than the required minimum liability coverage?

If you’re not sure about those questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Insurance policy coverages for a Jeep Cherokee

Having a good grasp of your policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are the usual coverages found on most insurance policies.

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, fire damage, a broken windshield, damage from getting keyed and hitting a deer. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Liability coverages

This coverage can cover injuries or damage you cause to people or other property that is your fault. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as attorney fees, funeral expenses and pain and suffering. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.

Collision protection

Collision coverage pays for damage to your Cherokee caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things such as driving through your garage door, hitting a parking meter, sustaining damage from a pot hole and backing into a parked car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to increase the deductible to bring the cost down.

Medical expense insurance

Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like funeral costs, pain medications, ambulance fees and prosthetic devices. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

More quotes mean more savings

We just showed you many ideas to get a better price on 2001 Jeep Cherokee insurance. It’s most important to understand that the more rate comparisons you have, the higher your chance of finding cheap insurance coverage. Consumers could even find that the lowest rates come from an unexpected company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like State Farm and Allstate.

As you quote insurance coverage, never skimp on coverage in order to save money. There have been many situations where someone sacrificed physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. The proper strategy is to find the BEST coverage at the best possible price, but do not sacrifice coverage to save money.

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