How to Save on Jeep Grand Cherokee Insurance in Miami

Insurance for Jeep Grand CherokeeWant to learn the secrets to finding lower-priced Jeep Grand Cherokee insurance in Miami? I can’t think of anyone who likes buying auto insurance, in particular when the cost is way too high.

Remarkably, a study showed that most auto insurance policyholders have bought auto insurance from the same company for at least the last four years, and 38% of customers have never compared rates from other carriers. Consumers in Miami could save roughly $1,126 every year by just comparing quotes, but they don’t believe the benefits if they switch to a new company.

Steps to quoting cheaper Jeep Grand Cherokee insurance in Miami

It takes a little time, but the best way to get budget Jeep Grand Cherokee insurance is to make a habit of comparing prices annually from different companies that insure vehicles in Miami.

Step 1: Try to understand how insurance companies determine prices and the measures you can take to prevent expensive coverage. Many factors that drive up the price such as speeding tickets, accidents and a less-than-favorable credit history can be eliminated by improving your driving habits or financial responsibility. Continue reading for additional tips to help reduce premium rates and earn larger discounts.

Step 2: Request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while agents who are independent can give you price quotes for a wide range of companies.

Step 3: Compare the price quotes to the price on your current policy to determine if you can save on Grand Cherokee insurance in Miami. If you find a lower rate and decide to switch, verify that coverage does not lapse between policies.

The most important part of this process is that you’ll want to make sure you compare the same level of coverage on every quote request and and to compare all possible companies. Doing this guarantees a level playing field and a complete price analysis.

There are many auto insurance companies to pick from, and even though it’s nice to have multiple companies, it can be more difficult to compare company pricing for Jeep Grand Cherokee insurance in Miami.

Consumers should take time to take a look at other company’s rates as often as possible since prices are rarely the same from one policy term to another. Even if you think you had the best rates on Jeep Grand Cherokee insurance in Miami a couple years back a different company probably has better rate quotes today. Block out anything you think you know about auto insurance because I’m going to teach you how to use online quotes to save money, get proper coverage and the best rates.

We hope to let you in on how car insurance works and how to save the most money. If you have a current insurance policy, you should be able to save money using the tips covered below. But Florida drivers benefit from understanding the way insurance companies calculate your policy premium and use this information to your advantage.

When comparison shopping, there are several ways to obtain and compare prices from many available car insurance companies in Florida. One of the best ways to lower the rate you pay for Jeep Grand Cherokee insurance involves getting comparison quotes online.

It’s so easy to compare rates online that it makes it obsolete to drive around to insurance agents’ offices. The ability to buy insurance online eliminates the need for an insurance agent unless you have a complicated situation and need the extra assistance of a local agency. If you prefer, some companies allow you to price shop online and have a local agent actually service the policy. It’s important to know that making a lot of price comparisons increases the chance that you will find a lower rate than you’re paying now. Some companies don’t provide price estimates online, so it’s necessary to compare rates from them as well.

The companies in the list below are ready to provide price comparisons in Florida. If your goal is to find cheap auto insurance in Miami, we recommend you visit several of them in order to find the lowest rates.

Rates and other information

The data table displayed below showcases detailed analysis of insurance premium costs for Jeep Grand Cherokee models. Learning more about how insurance policy premiums are figured can be useful when making decisions when choosing a new policy provider.

Jeep Grand Cherokee Insurance Rates in Miami, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $226 $452 $472 $28 $142 $1,320 $110
Grand Cherokee Laredo 4WD $226 $452 $472 $28 $142 $1,320 $110
Grand Cherokee Limited 2WD $254 $532 $472 $28 $142 $1,428 $119
Grand Cherokee Limited 4WD $254 $532 $472 $28 $142 $1,428 $119
Grand Cherokee SRT-8 4WD $254 $532 $472 $28 $142 $1,428 $119
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can influence insurance rates substantially.

Physical damage deductibles

One common question asked by Miami drivers is how low should you set your deductibles. The following insurance rates show the difference in cost when you buy lower versus higher comp and collision deductibles. The first rate comparisons uses a $250 physical damage deductible and the second rate table uses a $500 deductible.

Jeep Grand Cherokee insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $322 $544 $418 $24 $124 $1,457 $121
Grand Cherokee Laredo 4WD $322 $544 $418 $24 $124 $1,457 $121
Grand Cherokee Limited 2WD $364 $640 $418 $24 $124 $1,595 $133
Grand Cherokee Limited 4WD $364 $640 $418 $24 $124 $1,595 $133
Grand Cherokee SRT-8 4WD $364 $640 $418 $24 $124 $1,595 $133
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Jeep Grand Cherokee insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $262 $438 $418 $24 $124 $1,266 $106
Grand Cherokee Laredo 4WD $262 $438 $418 $24 $124 $1,266 $106
Grand Cherokee Limited 2WD $296 $516 $418 $24 $124 $1,378 $115
Grand Cherokee Limited 4WD $296 $516 $418 $24 $124 $1,378 $115
Grand Cherokee SRT-8 4WD $296 $516 $418 $24 $124 $1,378 $115
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Price information does not factor in specific location information which can alter prices greatly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $17 more each month or $204 every year across all Jeep Grand Cherokee models than selecting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go more than 15 months between claims, you would come out ahead if you decide on a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $128
Average monthly premium for $500 deductibles (subtract): – $111
Monthly savings from raising deductible: $17
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One thing to be aware of is that a higher deductible level means you pay more out-of-pocket at claim time. You need to make sure you have enough money in the bank in order to pay the higher deductible in order to repair your vehicle.

The illustration below highlights how deductible choice and can change Jeep Grand Cherokee premium costs for each age group. The information is based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Full coverage versus liability only rates

The example below compares Jeep Grand Cherokee car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Florida. The premiums assume no claims or driving citations, $1,000 deductibles, drivers are single, and no discounts are applied.

Deciding between full coverage and liability only

There is no specific rule to eliminate full coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s assume your Jeep Grand Cherokee book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after paying the physical damage deductible. If you are currently paying more than $700 a year for your policy with full coverage, then it could be time to drop full coverage.

There are some scenarios where removing full coverage is not advised. If you haven’t satisfied your loan, you have to keep full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Can’t I compare rates from local Miami car insurance agents?

Many people prefer to talk to an insurance agent and that can be a smart move A nice benefit of price shopping on the web is that you can obtain cheap rate quotes and also buy local. And providing support for local insurance agents is especially important in Miami.

Once you complete this form (opens in new window), the quote information is immediately sent to local insurance agents in Miami who will give competitive quotes to get your business. There is no need to leave your house since price quotes are sent immediately to you. You can most likely find cheaper rates and a licensed agent to talk to. If you want to get a comparison quote from a particular provider, you can always search and find their rate quote page and give them your coverage information.

When finding a reputable agency, it’s important to understand the types of insurance agents and how they operate. Insurance agents can be classified as either independent or exclusive depending on the company they work for.

Independent Agents (or Brokers)

Agents that elect to be independent do not write with just one company so as a result can place your coverage through lots of different companies and potentially find a lower price. To move your coverage to a new company, they simply move your policy to a different company and that require little work on your part.

When comparison shopping, we highly recommend that you include independent agents for maximum quote selection.

Below are independent insurance agencies in Miami that may be able to give rate quotes.

373 N Royal Poinciana BlvdMiami Springs, FL 33166(305) 887-9544View Map

1563 NW 27th AveMiami, FL 33125(305) 633-6111View Map

AV Insurance Agency Inc
2497 NW 79th StMiami, FL 33147(305) 696-2291View Map

More Miami agents

Exclusive Insurance Agencies

Agents of this type can only provide pricing for a single company and examples are AAA, Allstate, State Farm, or Farmers Insurance. These agents are unable to give you multiple price quotes so keep that in mind. Exclusive agencies are well trained on their company’s products which helps them compete with independent agents.

The following is a short list of exclusive insurance agents in Miami that can give you price quote information.

Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103Miami, FL 33144(305) 262-0440View Map

5209 NW 36th StMiami Springs, FL 33166(305) 887-9543View Map

6701 Sunset Dr #115South Miami, FL 33143(305) 661-7667View Map

More Miami agents

Selecting an insurance agency requires you to look at more than just the price. You should also get answers to these questions.

Miami car insurance company ratings

Ending up with the top company is hard considering how many companies sell insurance in Florida. The ranking information below could help you analyze which auto insurers you want to consider shopping your coverage with.

Top 10 Miami Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Miami Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance