The best way we recommend to find more affordable Jeep Cherokee insurance in Jacksonville is to make a habit of regularly comparing prices from insurance carriers in Florida. Price quotes can be compared by following these guidelines.
Step 1: Try to learn a little about how insurance works and the changes you can make to keep rates in check. Many risk factors that drive up the price such as accidents, traffic violations, and a less-than-favorable credit score can be controlled by making lifestyle changes or driving safer. Later in this article we will cover more information to help reduce premium rates and find discounts that may have been missed.
Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or State Farm, while independent agents can quote rates for many different companies.
Step 3: Compare the new quotes to your existing rates and see if you can save money. If you find a better price and change companies, make sure there is no coverage gap between policies.
Step 4: Give proper notification to your current agent or company of your intent to cancel your current auto insurance policy and submit a signed application and payment for the new coverage. As soon as you have the new policy, place your new proof of insurance paperwork above your visor, in the console, or in the glove compartment.
An essential thing to point out is to make sure you enter identical coverages on every quote and to quote with as many companies as possible. Doing this helps ensure an accurate price comparison and a thorough price selection.
Statistics show that a large majority of consumers have purchased from the same company for at least the last four years, and virtually 40% of consumers have never compared rates to find cheaper insurance. With the average premium in Florida being $2,160, drivers could pocket $1,126 a year, but they don’t invest the time required to compare other rate quotes.
Smart Choices Result in Lower Insurance Premiums
Lots of things are considered when you get your auto insurance bill. Some of the criteria are obvious such as your driving history, but others are more transparent like your continuous coverage and annual miles driven. Part of the insurance buying process is learning the different types of things that come into play when calculating your premiums. When you understand what determines base rates, this helps enable you to make changes that could help you find lower premium levels.
Listed below are some of the things that factor into your prices.
Discounts for GPS tracking and theft deterrents – Choosing a vehicle with a theft deterrent system can help bring down rates. Anti-theft devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent your vehicle from being stolen.
File a insurance claims and pay more – Insurance companies in Florida give better rates to people who do not rely on their insurance for small claims. If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
Companies want multiple policies – Most larger insurance companies allow a discount to insureds that purchase more than one policy such as combining an auto and homeowners policy. Even if you already get this discount, you may still want to get quotes from other companies to make sure you are getting the best deal. You may still save more without the discount by insuring with multiple companies.
Is car insurance cheaper for males or females? – Over the last 30 years, statistics show women are more cautious behind the wheel. The data does not necessarily mean that males are worse at driving than females. Females and males cause accidents in similar numbers, but men cause more damage and cost insurance companies more money. Not only that, but men also have more aggressive citations like reckless driving and DUI. Young males are the most expensive to insure so they pay the highest premiums.
Insurance policy lapses increase insurance rates – Going without insurance can be a quick way to bump up your insurance costs. Not only will you pay higher rates, not being able to provide proof of insurance can result in a revoked license or a big fine.
The type of vehicle you drive affects your rates – The type of vehicle you need insurance for makes a big difference in the rate you pay. Lower performance four cylinder passenger vehicles usually have the lowest rates, but there are many factors that impact the final cost.
Save money by raising comp and collision deductibles – Physical damage insurance, aka comp and collision, covers damage that occurs to your Jeep. Some examples of covered claims are colliding with a building, collision with an animal, and burglary. Comp and collision deductibles define the amount you are willing to pay in the event of a claim. The more damage repair cost you have to pay, the less money you will pay for insurance.
Loss probability for a Jeep Cherokee – Auto insurance companies use data from past claims to help set a rate to offset losses. Vehicles that the data shows to have a trend towards higher claims will have higher rates for specific coverages. The next table shows the actual insurance loss data for Jeep Cherokee vehicles.
For each coverage type, the statistical loss for all vehicles averaged together is equal to 100. Numbers that are below 100 represent a good loss history, while numbers above 100 point to more frequent losses or a tendency for claims to be larger.
|Specific Jeep Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Jeep Cherokee 4dr 2WD||76||105||77||87||90||109|
|Jeep Cherokee 4dr 4WD||78||115||82||75||79||103|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Save a ton by taking advantage of discounts
The price of auto insurance can be rather high, but you may qualify for discounts to help bring down the price. Many of these discounts will be applied automatically at the time of quoting, but some must be asked about in order for you to get them. If you don’t get every credit you deserve, you are just wasting money.
- Life Insurance – Larger companies have a discount if you purchase some life insurance in addition to your auto policy.
- Driver Education Discount – Make teen driver coverage more affordable by requiring them to complete a driver education course as it will make them better drivers and lower rates.
- ABS and Traction Control Discounts – Vehicles with anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
- Claim-Free Discount – Insureds with no claims or accidents can save substantially when compared with accident-prone drivers.
- Theft Deterrent Discount – Cars and trucks optioned with advanced anti-theft systems have a lower chance of being stolen and will save you 10% or more on Cherokee insurance in Jacksonville.
- Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off with certain companies.
- Driving Data Discount – Insureds that choose to allow companies to scrutinize driving manner remotely such as Snapshot from Progressive or Drivewise from Allstate might see lower rates if their driving habits are good.
- Discount for New Cars – Insuring a new Cherokee can get you a discount compared to insuring an older model.
Keep in mind that most credits do not apply to the overall cost of the policy. Most only cut specific coverage prices like comp or med pay. So even though you would think you could get a free auto insurance policy, auto insurance companies aren’t that generous. But any discount will bring down your policy cost.
Large auto insurance companies and some of the discounts are included below.
- Progressive may offer discounts for homeowner, online quote discount, multi-vehicle, good student, and online signing.
- GEICO includes discounts for defensive driver, air bags, federal employee, multi-policy, and anti-theft.
- State Farm policyholders can earn discounts including Drive Safe & Save, passive restraint, accident-free, multiple autos, good student, driver’s education, and student away at school.
- Esurance offers premium reductions for anti-theft, multi-policy, good driver, homeowner, paid-in-full, and safety device.
- The Hartford offers discounts for good student, bundle, air bag, vehicle fuel type, and anti-theft.
If you are trying to find the cheapest Jeep Cherokee rate quotes, ask each company or agent to give you their best rates. All car insurance discounts might not be offered on policies in your area. To see insurance companies that can offer you the previously mentioned discounts in Florida, click here.
Be persistent and save
In this article, we presented some good ideas how to find affordable Jeep Cherokee insurance in Jacksonville. The most important thing to understand is the more you quote Jacksonville auto insurance, the higher your chance of finding cheaper Jacksonville auto insurance quotes. Consumers may even find the best car insurance rates are with a company that doesn’t do a lot of advertising.
People change insurance companies for a number of reasons such as policy non-renewal, policy cancellation, extreme rates for teen drivers or even being labeled a high risk driver. Regardless of your reason, finding a great new company is pretty easy and you might even save some money in the process.
Cost effective Jeep Cherokee insurance is attainable on the web as well as from independent agents in Jacksonville, and you should compare price quotes from both so you have a total pricing picture. Some companies may not have online quoting and these smaller companies sell through independent insurance agents.
Additional detailed information is located by following these links:
- Teen Driver Statistics (Insurance Information Institute)
- What Auto Insurance is Cheapest for Felons in Jacksonville? (FAQ)
- Who Has Cheap Jacksonville Auto Insurance Quotes for a Kia Optima? (FAQ)
- Who Has Cheap Car Insurance for Postal Workers in Jacksonville? (FAQ)
- Teen Driving Statistics (GEICO)
- Drunk Driving Statistics (Insurance Information Institute)
- Understanding Limits and Deductibles (Allstate)
- Vehicle Safety Ratings (iihs.org)