Compare the Cost of Jeep Cherokee Insurance by Model Year and Company

Q: What company has the cheapest car insurance for a Jeep Cherokee?

The cheapest car insurance company for a Jeep Cherokee is GEICO , with an average of $1,192 per year for full coverage. Compared to the average cost of insuring other models, Jeep Cherokee car insurance costs are moderate.

Q: What company offers the best car insurance for a Jeep Cherokee?

State Farm offers the best Jeep Cherokee car insurance , balancing affordability and good customer service. Although it is slightly more costly than GEICO, State Farm has a better customer service track record. This insurer also outranks other insurers in the comparison group like Farmers and Progressive for affordability.

Jeep Cherokee insurance costs are moderate at an average of $1,433 per year. GEICO offers the cheapest rates for this vehicle, but factors like the model year, driver’s age and provider will impact actual rates.

By Mark Fitzpatrick

Edited by Victoria Copans

Updated: October 25, 2024

Advertising & Editorial Disclosure

Jeep Cherokee insurance rates can vary considerably depending on the driver’s age and the car model year. Full coverage car insurance for a 16-year-old driver costs $6,392 per year on average, while rates for a 40-year-old are much cheaper at $1,394 per year. Similarly, rates for older Jeep Cherokee models are cheaper. The average cost of insuring a 2014 model is $1,311 per year, and rates for a 2022 model are around $1,494 per year.

MoneyGeek also rated the best Jeep Cherokee insurance companies for balancing affordability with service and claims experience.

Car Insurance CostsJeep Cherokee

2024

Table of Contents

Cheapest Insurer - GEICO

Best Insurer - State Farm

Runner-Up - GEICO

Costs by Model Year

Costs by Driver Age

Costs by Location

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Jeep Cherokee.

These rates were updated to reflect the average cost of car insurance for a Jeep Cherokee as of 2023.

10Companies Compared

26,892 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Jeep Cherokee

The average cost of insuring a Jeep Cherokee is $1,433 per year, but rates will vary depending on the insurer. GEICO offers the cheapest full coverage policy at $1,192 per year, while Farmers is the most expensive option at $1,618 per year.

Meanwhile, State Farm offers the cheapest minimum coverage policy at $532 per year, and Farmers is once again the most expensive option at $786 per year for a similar policy. Comparing quotes from different providers will help you find the cheapest car insurance.

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Age:40

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Coverage:Full Coverage


GEICO	$1,192
State Farm	$1,194
Nationwide	$1,415
Travelers	$1,418
Allstate	$1,442
Progressive	$1,569
Farmers	$1,618

Is a Jeep Cherokee Expensive to Insure?

Insurance costs for a particular car model are influenced by various factors. Jeep Cherokee insurance costs are moderate compared to the average cost for other car models. Certain car models are more expensive to insure due to their higher value and repair costs. On average, this vehicle has low theft rates and a good safety profile, which helps keep its rates in the moderate category.

Best Companies for Insuring a Jeep Cherokee

In addition to affordable rates, it's also important to consider customer service track record and claims experience when shopping for the best Jeep Cherokee insurance.

Based on our analysis, the best car insurance companies for a Jeep Cherokee are:

State Farm: MoneyGeek score 90 out of 100 ($1,194 per year)
GEICO: MoneyGeek score 90 out of 100 ($1,192 per year)

State Farm ranked second for both customer satisfaction and affordability, so policyholders can expect a good balance of service quality and inexpensive rates.

MoneyGeek Top Pick: State Farm

pros

Offers the second-most affordable rates

Ranked second for customer satisfaction

cons

Has low claims management and coverage scores

No gap insurance or accident forgiveness coverage

COMPANY HIGHLIGHTS

State Farm offers the best Jeep Cherokee insurance, balancing affordability and a good customer service track record. Although this insurer does not offer a broad set of coverages, certain essential coverages are available.

For example, you can add roadside assistance to your policy to cover emergency services if your Jeep Cherokee breaks down. With this coverage, your policy will pay for services such as mechanical labor, towing or gas delivery. Additional services like tire changes, oil or battery delivery are also covered, but the cost of the items is not included.

State Farm also offers rental car and travel reimbursement coverage, which will cover the cost of a rental car up to the chosen limits and the cost of travel, accommodation and meals up to $500 if your vehicle is undergoing repairs.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

pros

Ranked first for affordability

Earned high scores for customer satisfaction

Has unique coverage options including mechanical breakdown insurance (MBI)

cons

Has low claims handling and coverage scores

Does not offer gap insurance

COMPANY HIGHLIGHTS

GEICO is the second-best insurance company for insuring a Jeep Cherokee. GEICO’s rates are the cheapest among the seven insurers we analyzed, and it ranked among the top three for customer satisfaction.

GEICO offers unique coverage options, including Mechanical Breakdown Insurance (MBI), which is a valuable add-on if you have a new Jeep Cherokee. With this coverage, your policy will cover all the parts and systems in your vehicle, including those not covered by the dealer, at a fraction of the cost. However, this coverage is only available for new vehicles that are less than 15 months old and have less than 15,000 miles.

With a GEICO policy, you can also opt for accident forgiveness, which ensures that your rates won't increase after your first at-fault accident. The company offers two essential coverages: roadside assistance, which covers services like towing or gas delivery if your car breaks down, and rental car reimbursement, which pays for a rental car if your vehicle is not drivable for more than 24 hours following a covered accident.

Cost of Insuring a Jeep Cherokee by Model Year

The average cost of car insurance for a 2014 model is $1,311 per year, which is $183 cheaper than the cost of insuring a 2022 model. Newer models are generally more expensive to insure since they are higher in value than older models.

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Age:40

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Coverage:Full Coverage


2022	$1,494
2021	$1,476
2020	$1,419
2019	$1,420
2018	$1,394
2017	$1,369
2016	$1,344
2015	$1,322
2014	$1,311

The average cost of car insurance for a Jeep Cherokee can also vary considerably depending on the insurer and model year. State Farm is the cheapest insurer for a 2014 model at $1,068 per year, while GEICO is the cheapest insurer for a 2022 model at $1,297 per year.

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Model Year:2022

Age

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Age:40

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Coverage:Full Coverage


GEICO	$1,297
State Farm	$1,353
Travelers	$1,369
Nationwide	$1,380
Progressive	$1,649
Allstate	$1,686
Farmers	$1,754

Cost of Insuring a Jeep Cherokee for 16- to 25-Year-Olds

Car insurance rates are higher for teens and drivers in their 20s than for drivers 30 and older. For example, Jeep Cherokee full coverage car insurance for a 16-year-old driver costs $6,392 per year on average, while rates for a 40-year-old are much cheaper at $1,394 per year. Teen car insurance rates decrease as a driver ages through their teenage years and usually stabilize in their 20s.

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Coverage:Full Coverage


16	$6,392
17	$5,204
18	$4,563
19	$3,168
20	$2,865
21	$2,209
22	$2,042
23	$1,897
24	$1,800
25	$1,623

A family policy is the cheapest way to get teen car insurance since individual teen policies are much more expensive. It's also important to keep in mind that, in most cases, teens can't legally buy their own policies without a parent or guardian agreeing to cosign. State Farm offers the cheapest rates for individual teen car insurance at $4,349 per year for full coverage, while Progressive is the most expensive option at $8,977 per year. Shopping around is the best way to get the most affordable car insurance for teen drivers.

Data filtered by:Results filtered by:

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Age:16

Model Year

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Model Year:2022

Coverage

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Coverage:Full Coverage


State Farm	$4,349
Travelers	$5,437
Nationwide	$5,533
GEICO	$6,108
Allstate	$7,833
Progressive	$8,770
Farmers	$8,977

How Does Location Affect the Cost of Jeep Cherokee Insurance?

Along with the vehicle model year and the driver's age, location can be a significant determining factor in Jeep Cherokee insurance costs. For instance, New York has much higher car insurance rates compared to Idaho, the cheapest state for car insurance. Comparing quotes from the cheapest insurers in your state will help you find the most affordable rates.

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Age Group:30-59

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Coverage:Full Coverage


Alabama	Nationwide	$709	$59
Alaska	State Farm	$699	$58
Arizona	Root Insurance Company	$682	$57
Arkansas	State Farm	$629	$52
California	AAA California	$1,001	$83
Colorado	American National P&C	$541	$45
Connecticut	GEICO	$693	$58
Delaware	State Farm	$881	$73
District of Columbia	GEICO	$662	$55
Florida	State Farm	$1,058	$88
Georgia	Country Financial	$665	$55
Hawaii	GEICO	$565	$47
Idaho	American National P&C	$299	$25
Illinois	Country Financial	$663	$55
Indiana	American Family	$555	$46
Iowa	State Farm	$509	$42
Kansas	Nationwide	$670	$56
Kentucky	Nationwide	$790	$66
Louisiana	Louisiana Farm Bureau	$1,048	$87
Maine	Concord Group	$521	$43
Maryland	Progressive	$938	$78
Massachusetts	State Farm	$483	$40
Michigan	GEICO	$898	$75
Minnesota	State Farm	$797	$66
Mississippi	Direct General Insurance	$723	$60
Missouri	Nationwide	$909	$76
Montana	Progressive	$437	$36
Nebraska	American National P&C	$405	$34
Nevada	CSAA	$940	$78
New Hampshire	State Farm	$540	$45
New Jersey	Plymouth Rock Assurance	$895	$75
New Mexico	State Farm	$644	$54
New York	Kemper	$781	$65
North Carolina	Erie	$630	$52
North Dakota	American Family	$616	$51
Ohio	Nationwide	$485	$40
Oklahoma	State Farm	$662	$55
Oregon	State Farm	$706	$59
Pennsylvania	Nationwide	$580	$48
Rhode Island	State Farm	$700	$58
South Carolina	American National P&C	$463	$39
South Dakota	Allstate	$746	$62
Tennessee	State Farm	$579	$48
Texas	State Farm	$699	$58
Utah	Nationwide	$725	$60
Vermont	State Farm	$493	$41
Virginia	American Family	$601	$50
Washington	PEMCO	$534	$44
West Virginia	Erie	$784	$65
Wisconsin	GEICO	$556	$46
Wyoming	State Farm	$745	$62

Frequently Asked Questions About Jeep Cherokee Insurance

Moneygeek answered common questions about Jeep Cherokee car insurance to help you learn more about costs and quality.

What company has the cheapest car insurance for a Jeep Cherokee?

The cheapest car insurance company for a Jeep Cherokee is GEICO, with an average of $1,192 per year for full coverage. Compared to the average cost of insuring other models, Jeep Cherokee car insurance costs are moderate.

What company offers the best car insurance for a Jeep Cherokee?

State Farm offers the best Jeep Cherokee car insurance, balancing affordability and good customer service. Although it is slightly more costly than GEICO, State Farm has a better customer service track record. This insurer also outranks other insurers in the comparison group like Farmers and Progressive for affordability.

About Mark Fitzpatrick

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.

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