Jeep Grand Cherokee Insurance Cost for 2022

How much does Jeep Grand Cherokee insurance cost? We compared the base Laredo model up to the Summit Reserve 4xe model to see how car insurance rates rank against other midsize SUVs.

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How much are Jeep Grand Cherokee insurance rates?

Jeep Grand Cherokee insurance costs around $1,630 a year, or around $136 if paid each month. With the average midsize SUV costing $1,527 a year to insure, the Jeep Grand Cherokee would cost about $103 more to insure each year.

When compared to all 2022 model year vehicles, insurance on a Grand Cherokee costs 8.2% more than the overall national average car insurance rate of $1,506 per year.

The chart below illustrates how average Jeep Grand Cherokee car insurance rates drop with age, and also the effect that different deductible amounts can have on policy cost. Our average rate is obtained from the data point for a 40-year-old driver with $500 physical damage deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2022 Jeep Grand Cherokee with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Jeep Grand Cherokee trim levels.Data last updated on December 31, 2021
Jeep Grand Cherokee Car Insurance Rates
Jeep Grand Cherokee Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,742$229
$500$3,242$270
$250$3,768$314
30$1,000$1,438$120
$500$1,716$143
$250$2,008$167
40$1,000$1,372$114
$500$1,630$136
$250$1,894$158
50$1,000$1,252$104
$500$1,484$124
$250$1,724$144
60$1,000$1,230$103
$500$1,458$122
$250$1,694$141

As illustrated above, insurance rates drop as drivers mature with all other factors held constant. Conversely, insurance rates tend to increase as the MSRP of the vehicle increases. This can be illustrated by looking at the insurance rates for the different trim levels offered for the Grand Cherokee.

The average cost to insure a Grand Cherokee is $1,630 per year, with trim level cost ranging from the cheapest Laredo at $1,488 per year up to the most expensive Summit Reserve 4xe at $1,766 per year.

That’s a difference of $278 between the cheapest and most expensive versions of the Grand Cherokee to insure, as is shown by the table below.

2022 Jeep Grand Cherokee Insurance Cost by Trim Level
Jeep Grand Cherokee Trim Level Annual Policy 6-month Policy Per Month
Laredo$1,488$744$124
L Laredo$1,512$756$126
Altitude$1,550$775$129
L Altitude$1,566$783$131
Limited$1,576$788$131
L Limited$1,596$798$133
Trailhawk$1,636$818$136
Limited 4xe$1,642$821$137
Overland$1,674$837$140
Trailhawk 4xe$1,678$839$140
L Overland$1,688$844$141
Overland 4xe$1,706$853$142
Summit 4xe$1,734$867$145
Summit Reserve 4xe$1,766$883$147

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Table Data Details: Average rates are for a 2022 Jeep Grand Cherokee, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 31, 2021
Jeep Grand Cherokee Insurance Cost by Trim Level

The table above does a good job illustrating the fact that the more expensive Grand Cherokee models have more expensive car insurance rates. In general, anytime the cost of a vehicle increases with added options or packages, it’s going to bump up the cost of insurance.

The insurance cost range of $278 from the cheapest to most expensive Grand Cherokee model is a pretty large range for a single vehicle model. But that variation should reinforce the importance of getting actual insurance quotes for your vehicle before making a purchasing decision.

How much is insurance on a used Grand Cherokee?

In most cases, insurance cost on a used model will cost less than buying new. For example, when comparing insurance rates for a new 2022 model to a used 2017 model, the 2017 Grand Cherokee will cost around $246 less per year. A 2013 model will cost around $540 less per year than insuring new.

2020 Jeep Grand Cherokee Limited 4x4
2020 Jeep Grand Cherokee Limited 4×4 SUV with 3.6L V6 and 8-speed automatic in Bright White Clearcoat

Car insurance tends to be more expensive when the value of the vehicle is higher. As a Grand Cherokee ages, it has a lower Actual Cash Value (ACV), which simply means your insurance company will pay less if the vehicle is totaled in an accident or weather-related incident. This lower ACV results in cheaper insurance rates for you.

The table below demonstrates how insurance rates are generally cheaper for older Grand Cherokee models, and also how rates drop for more mature drivers.

Jeep Grand Cherokee Insurance Cost for 2013-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$3,242$1,716$1,630$1,484$1,458
2021$3,266$1,726$1,638$1,490$1,466
2020$3,206$1,690$1,606$1,462$1,438
2019$2,986$1,564$1,490$1,360$1,338
2018$2,860$1,496$1,428$1,304$1,280
2017$2,772$1,448$1,384$1,262$1,240
2016$2,520$1,322$1,264$1,152$1,132
2015$2,620$1,368$1,310$1,198$1,176
2014$2,530$1,320$1,266$1,156$1,136
2013$2,166$1,138$1,090$996$978

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 31, 2021
Jeep Grand Cherokee Insurance Cost by Model Year

The exception to the generality that car insurance rates increase with each new model year would be if a new model arrives at the dealership with enough new safety features that the liability rates drop enough to offset the higher physical damage rates due to the higher ACV for the newer model year.

It often takes a year or two to collect enough real-world data to make rate adjustments for improvements or detriments to vehicle safety. Simulations and crash test dummies cannot predict or take the place of personal injury data extracted from actual claims and accidents.

How does Grand Cherokee insurance cost compare?

Unfortunately, Jeep Grand Cherokee insurance prices tend to fall on the more expensive end of the midsize SUV insurance cost range. At $1,630 per year, it ranks #23 out of 29 total comparison vehicles, and would cost around $103 more per year when compared to the segment average insurance rate.

When compared to all vehicles (not just the midsize SUV segment), average Jeep Grand Cherokee insurance rates cost 8.2% more than the national average car insurance rate of $1,506 per year.

The chart below shows how the Grand Cherokee compares to the rest of the top 10 selling midsize SUVs in America, and the table below the chart shows the rankings for the entire midsize SUV segment.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Jeep Grand Cherokee, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Jeep Grand Cherokee trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 31, 2021
Insurance Cost Comparison: Jeep Grand Cherokee vs Midsize SUVs
Jeep Grand Cherokee Insurance Cost Compared to All Midsize SUVs
Rank Make/Model Insurance Cost Difference
1Chevrolet Blazer$1,236-$394
2Nissan Murano$1,290-$340
3Ford Edge$1,314-$316
4Subaru Ascent$1,316-$314
5Honda Passport$1,352-$278
6Kia Telluride$1,364-$266
7Honda Pilot$1,402-$228
8Ford Explorer$1,436-$194
9Chevrolet Traverse$1,440-$190
10Subaru Outback$1,452-$178
11GMC Acadia$1,492-$138
12Hyundai Palisade$1,494-$136
13Volkswagen Atlas Cross Sport$1,502-$128
14Nissan Pathfinder$1,514-$116
15Volkswagen Atlas$1,522-$108
16Toyota 4Runner$1,536-$94
17Kia Sorento$1,556-$74
18Toyota Venza$1,566-$64
19Buick Enclave$1,570-$60
20Mitsubishi Outlander Sport$1,600-$30
21Mazda CX-9$1,602-$28
22Hyundai Santa Fe$1,610-$20
23Jeep Grand Cherokee$1,630--
24Toyota Highlander$1,638$8
25Jeep Cherokee$1,666$36
26Dodge Durango$1,686$56
27Mitsubishi Outlander PHEV$1,738$108
28Rivian R1S$1,814$184
29Tesla Model Y$1,940$310

Another useful metric is to see how the cost of insurance on a Jeep Grand Cherokee compares to the most similarly priced midsize SUV models. A 2022 model year Grand Cherokee has an average sticker price of $52,196 and ranges from $39,785 to $70,000.

The vehicles in the 2022 midsize SUV segment that have the most similar cost to the Jeep Grand Cherokee are the Buick Enclave, Dodge Durango, Ford Explorer, and Chevrolet Traverse.

The list below shows how those models compare to a Grand Cherokee for MSRP and average full-coverage insurance cost.

  • Jeep Grand Cherokee vs. Buick Enclave – With an average price of $51,428 and ranging from $43,995 to $58,295, the 2022 Buick Enclave costs $768 less than the average cost for the Jeep Grand Cherokee. Drivers can expect to pay an average of $60 less annually for insurance on the Buick Enclave compared to a Grand Cherokee.
  • Jeep Grand Cherokee vs. Dodge Durango – The Dodge Durango has an average sticker price of $46,245 ($43,995 to $81,390), which is $5,951 cheaper than the Jeep Grand Cherokee. The cost to insure a Jeep Grand Cherokee compared to the Dodge Durango is $56 less per year on average.
  • Jeep Grand Cherokee vs. Ford Explorer – With an average price of $45,962 ($33,225 to $56,115), the Ford Explorer costs $6,234 less than the average MSRP for the Jeep Grand Cherokee. Insurance on the Ford Explorer costs an average of $194 less per year than the Jeep Grand Cherokee.
  • Jeep Grand Cherokee vs. Chevrolet Traverse – With an average MSRP of $44,378 and ranging from $34,895 to $54,595, the Chevrolet Traverse costs $7,818 less than the average MSRP for the Jeep Grand Cherokee. Expect to pay approximately $190 less annually for insurance on the Chevrolet Traverse compared to a Grand Cherokee.

How much is liability insurance on a Grand Cherokee?

On older Grand Cherokee models, sometimes it doesn’t make sense to insure them for full coverage. Liability insurance is all that is required to license a Jeep, and the table below shows the difference between average full coverage and liability-only rates for 1993 to 2012 Grand Cherokee models.

Jeep Grand Cherokee Insurance Rates for 1993 to 2012 Model Years
Vehicle Model Year Full Coverage Insurance Liability Insurance
2012 Jeep Grand Cherokee$1,054$444
2011 Jeep Grand Cherokee$1,018$440
2010 Jeep Grand Cherokee$974$436
2009 Jeep Grand Cherokee$932$432
2008 Jeep Grand Cherokee$890$430
2007 Jeep Grand Cherokee$848$422
2006 Jeep Grand Cherokee$810$416
2005 Jeep Grand Cherokee$798$412
2004 Jeep Grand Cherokee$782$408
2003 Jeep Grand Cherokee$754$404
2002 Jeep Grand Cherokee$736$402
2001 Jeep Grand Cherokee$721$394
2000 Jeep Grand Cherokee$707$386
1999 Jeep Grand Cherokee$693$378
1998 Jeep Grand Cherokee$679$371
1997 Jeep Grand Cherokee$665$363
1996 Jeep Grand Cherokee$652$356
1995 Jeep Grand Cherokee$639$349
1994 Jeep Grand Cherokee$626$342
1993 Jeep Grand Cherokee$614$335

Get Rates in Your AreaWhy is this important?

Table Data Details: Average insurance rates for each Jeep Grand Cherokee model year assume a 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to premium amounts. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 31, 2021
Jeep Grand Cherokee Insurance Rates from 1993 to 2012