- Jeep Wagoneer insurance costs an average of $2,130 per year, or around $178 per month for full coverage.
- The Jeep Wagoneer is one of the more expensive 2023 large SUVs to insure, costing $148 more per year on average when compared to the segment average.
- The Wagoneer base 2WD model is the cheapest to insure at around $2,014 per year, or $168 per month.
- The model with the most expensive insurance is the Series III 4WD at $2,200 per year, or around $183 per month.
How much does Jeep Wagoneer insurance cost?
Ranked seventh out of nine vehicles in the full-size SUV segment for the 2023 model year, Jeep Wagoneer insurance averages around $2,130 annually for full coverage, or $178 each month.
With the average insurance cost for the segment being $1,982 per year, the Jeep Wagoneer costs $148 more per year than the average rate.
The following chart demonstrates how Wagoneer car insurance cost can change based on driver age and a range of policy deductibles.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
The table below displays the estimated yearly and 6-month policy costs, including a monthly budget figure, for each 2023 Jeep Wagoneer package and trim.
|Jeep Wagoneer Trim Level||Annual Policy||Six-Month Policy||Per Month|
|Series II 2WD||$2,104||$1,052||$175|
|Series II 4WD||$2,142||$1,071||$179|
|Series III 2WD||$2,174||$1,087||$181|
|Series III 4WD||$2,200||$1,100||$183|
The chart and table above touch on rate differences due to driver age, deductible level, and vehicle trim level. Some additional rate-impacting factors are listed below, with some ideas on how you can reduce your insurance cost.
- Insurance for teenage drivers is expensive. Average rates for full coverage Wagoneer insurance costs $7,684 per year for a 16-year-old driver, $7,182 per year for a 17-year-old driver, $6,708 per year for an 18-year-old driver, and $6,068 per year for a 19-year-old driver.
- Get cheaper rates by avoiding traffic tickets. To get the most economical Wagoneer insurance rates, it pays off to be a safe driver. In fact, just one or two speeding tickets have the potential to increase the cost of a policy by as much as $562 per year.
- As you age, insurance rates get cheaper. The difference in insurance rates for a 2023 Jeep Wagoneer between a 50-year-old driver ($1,940 per year) and a 30-year-old driver ($2,240 per year) is $300, or a savings of 14.4%.
- Get cheaper rates because of your occupation. The vast majority of auto insurance providers offer policy discounts for specific professions like dentists, scientists, nurses, police officers and law enforcement, firefighters, and others. Earning this discount could potentially save between $64 and $183 on your Wagoneer insurance cost, depending on the age of the rated driver.
- Young male drivers pay the highest rates. For a 2023 Jeep Wagoneer, a 20-year-old male receives an average rate of $4,252 per year, while a 20-year-old woman will pay an average of $3,142, a difference of $1,110 per year. The females get much better rates. But by age 50, the rate for men is $1,940 and rates for female drivers are $1,898, a difference of only $42.
- The higher deductible you choose, the lower the policy cost. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $332 per year for a 40-year-old driver and $648 per year for a 20-year-old driver.
- Lowering deductibles results in a more expensive policy. Dropping your deductibles from $500 to $250 could cost an additional $344 per year for a 40-year-old driver and $686 per year for a 20-year-old driver.
Is Jeep Wagoneer car insurance expensive?
When compared to other popular full-size SUVs, insurance prices for a Jeep Wagoneer average $434 more per year than the Chevrolet Tahoe, $266 more than the Ford Expedition, and $184 more than the GMC Yukon.
With MSRP on the new 2023 Wagoneer ranging from the cheapest base 2WD model at $58,995 to the most expensive Series III 4WD costing $74,865, average insurance cost per month ranges from $168 to $183.
The next table shows how well Wagoneer insurance rates rank against the rest of the 2023 large SUV field.
|8||GMC Hummer EV||$2,142||$12|
|9||Jeep Grand Wagoneer||$2,360||$230|
If we look at average purchase price or MSRP for the full-size SUV segment, we can see how SUVs that are closest in price to the Jeep Wagoneer compare when it comes to the cost of car insurance.
The vehicles that are closest in price to the Wagoneer for the 2023 model year are the Chevrolet Suburban, Toyota Sequoia, Chevrolet Tahoe, and Ford Expedition.
Here’s how those four models compare to the Jeep Wagoneer for overall price and average full-coverage auto insurance cost.
- Jeep Wagoneer vs. Chevrolet Suburban – New off the lot, the sticker price on the Chevrolet Suburban averages $829 more than the Jeep Wagoneer ($69,000 compared to $68,171). The cost to insure a Jeep Wagoneer compared to the Chevrolet Suburban is $334 more every 12 months on average.
- Jeep Wagoneer vs. Toyota Sequoia – The average MSRP for a 2023 Jeep Wagoneer is $1,096 cheaper than the Toyota Sequoia, at $68,171 compared to $69,267. Insuring a 2023 Wagoneer compared to the Toyota Sequoia costs an average of $258 more per year.
- Jeep Wagoneer vs. Chevrolet Tahoe – The 2023 Chevrolet Tahoe sells for an average of $66,686, ranging from $56,095 to $77,795, which is $1,485 cheaper than the Jeep Wagoneer. Insuring a Jeep Wagoneer compared to the Chevrolet Tahoe costs an average of $434 more each year.
- Jeep Wagoneer vs. Ford Expedition – The 2023 Ford Expedition has an average sticker price of $72,043 ($55,125 to $85,615), which is $3,872 more expensive than the Jeep Wagoneer. Insurance on a Wagoneer costs an average of $266 more every 12 months than the Ford Expedition.