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 $1,680 a year, or around $140 if paid each month. With the average midsize SUV costing $1,544 a year to insure, the Jeep Grand Cherokee would cost about $136 more to insure each year.

When compared to all 2022 model year vehicles, insurance on a Grand Cherokee costs 7.2% more than the overall national average car insurance rate of $1,567 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 June 24, 2022
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$2,826$236
$500$3,346$279
$250$3,894$325
30$1,000$1,484$124
$500$1,774$148
$250$2,078$173
40$1,000$1,416$118
$500$1,680$140
$250$1,958$163
50$1,000$1,292$108
$500$1,530$128
$250$1,780$148
60$1,000$1,268$106
$500$1,502$125
$250$1,748$146

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 $1,680 per year, with trim level cost ranging from the cheapest Laredo at $1,514 per year up to the most expensive Summit Reserve 4xe at $1,818 per year.

That’s a difference of $304 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$1,514$757$126
L Laredo$1,538$769$128
Altitude$1,576$788$131
L Altitude$1,594$797$133
Limited$1,602$801$134
L Limited$1,622$811$135
Trailhawk$1,664$832$139
Overland$1,702$851$142
L Overland$1,714$857$143
4xe$1,720$860$143
Summit$1,734$867$145
Trailhawk 4xe$1,754$877$146
Summit Reserve$1,762$881$147
Overland 4xe$1,778$889$148
Summit 4xe$1,800$900$150
Summit Reserve 4xe$1,818$909$152

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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 June 24, 2022
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 $304 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 $274 less per year. A 2013 model will cost around $570 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$3,346$1,774$1,680$1,530$1,502
2021$3,322$1,758$1,664$1,516$1,488
2020$3,262$1,722$1,632$1,488$1,462
2019$3,036$1,592$1,514$1,382$1,358
2018$2,908$1,524$1,450$1,324$1,300
2017$2,820$1,474$1,406$1,284$1,262
2016$2,562$1,346$1,284$1,172$1,152
2015$2,666$1,394$1,334$1,218$1,194
2014$2,574$1,344$1,288$1,176$1,154
2013$2,204$1,156$1,110$1,014$996

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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 June 24, 2022
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 $1,680 per year, it ranks #24 out of 29 total comparison vehicles, and would cost around $136 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 7.2% more than the national average car insurance rate of $1,567 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 June 24, 2022
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
1Honda Passport$1,224-$456
2Subaru Ascent$1,310-$370
3Ford Edge$1,374-$306
4Subaru Outback$1,398-$282
5Nissan Murano$1,416-$264
6Toyota Venza$1,424-$256
7Ford Explorer$1,434-$246
8Kia Sorento$1,444-$236
9Hyundai Palisade$1,462-$218
10Volkswagen Atlas$1,472-$208
11Toyota 4Runner$1,488-$192
12Volkswagen Atlas Cross Sport$1,528-$152
13Mazda CX-9$1,530-$150
14GMC Acadia$1,532-$148
15Toyota Highlander$1,534-$146
16Nissan Pathfinder$1,540-$140
17Honda Pilot$1,546-$134
18Mitsubishi Outlander Sport$1,548-$132
19Buick Enclave$1,562-$118
20Chevrolet Traverse$1,568-$112
21Hyundai Santa Fe$1,590-$90
22Kia Telluride$1,596-$84
23Chevrolet Blazer$1,610-$70
24Jeep Grand Cherokee$1,680--
25Jeep Cherokee$1,692$12
26Mitsubishi Outlander PHEV$1,768$88
27Dodge Durango$1,788$108
28Tesla Model Y$1,804$124
29Rivian R1S$1,902$222

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 $55,269 and ranges from $39,785 to $74,695.

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

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 $3,841 less than the average cost for the Jeep Grand Cherokee. Drivers can expect to pay an average of $118 less annually for insurance on the Buick Enclave compared to a Grand Cherokee.
  • Jeep Grand Cherokee vs. Tesla Model Y – The Tesla Model Y has an average sticker price of $61,490 ($43,995 to $63,990), which is $6,221 more expensive than the Jeep Grand Cherokee. The cost to insure a Jeep Grand Cherokee compared to the Tesla Model Y is $124 less per year on average.
  • Jeep Grand Cherokee vs. Dodge Durango – With an average price of $47,465 ($35,475 to $66,670), the Dodge Durango costs $7,804 less than the average MSRP for the Jeep Grand Cherokee. Insurance on the Dodge Durango costs an average of $108 more per year than the Jeep Grand Cherokee.
  • Jeep Grand Cherokee vs. Ford Explorer – With an average MSRP of $45,962 and ranging from $33,225 to $56,115, the Ford Explorer costs $9,307 less than the average MSRP for the Jeep Grand Cherokee. Expect to pay approximately $246 less annually for insurance on the Ford Explorer 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$1,072$450
2011 Jeep Grand Cherokee$1,038$448
2010 Jeep Grand Cherokee$990$444
2009 Jeep Grand Cherokee$950$440
2008 Jeep Grand Cherokee$906$436
2007 Jeep Grand Cherokee$864$430
2006 Jeep Grand Cherokee$824$422
2005 Jeep Grand Cherokee$810$418
2004 Jeep Grand Cherokee$794$414
2003 Jeep Grand Cherokee$768$412
2002 Jeep Grand Cherokee$746$408
2001 Jeep Grand Cherokee$731$400
2000 Jeep Grand Cherokee$716$392
1999 Jeep Grand Cherokee$702$384
1998 Jeep Grand Cherokee$688$376
1997 Jeep Grand Cherokee$674$369
1996 Jeep Grand Cherokee$661$361
1995 Jeep Grand Cherokee$648$354
1994 Jeep Grand Cherokee$635$347
1993 Jeep Grand Cherokee$622$340

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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 June 24, 2022
Jeep Grand Cherokee Insurance Rates from 1993 to 2012