- Jeep Wagoneer insurance costs an average of $2,360 per year, or around $197 per month for full coverage.
- The Jeep Wagoneer is one of the more expensive 2024 large SUVs to insure, costing $264 more per year on average when compared to the segment average.
- The Wagoneer base 2WD model is the cheapest to insure at around $2,178 per year, or $182 per month.
- The model with the most expensive insurance is the EV Series III at $2,600 per year, or around $217 per month.
How much does Jeep Wagoneer insurance cost?
Ranked eighth out of nine vehicles in the full-size SUV segment for the 2024 model year, Jeep Wagoneer insurance averages around $2,360 annually for full coverage, or $197 each month.
With the average insurance cost for the segment being $2,096 per year, the Jeep Wagoneer costs $264 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.
The table below displays the estimated yearly and 6-month policy costs, including a monthly budget figure, for each 2024 Jeep Wagoneer package and trim.
| 2024 Jeep Wagoneer Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Base 2WD | $2,178 | $182 |
| Base 4x4 | $2,230 | $186 |
| Series II 2WD | $2,276 | $190 |
| Series II 4WD | $2,316 | $193 |
| Carbide 2WD | $2,316 | $193 |
| Series III 2WD | $2,350 | $196 |
| Carbide 4WD | $2,366 | $197 |
| Series III 4WD | $2,384 | $199 |
| EV Series I | $2,430 | $203 |
| EV Series II | $2,526 | $211 |
| EV Series III | $2,600 | $217 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated February 22, 2024
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 $8,185 per year for a 16-year-old driver, $7,999 per year for a 17-year-old driver, $7,303 per year for an 18-year-old driver, and $6,600 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 $616 per year.
- As you age, insurance rates get cheaper. The difference in insurance rates for a 2024 Jeep Wagoneer between a 50-year-old driver ($2,076 per year) and a 30-year-old driver ($2,534 per year) is $458, or a savings of 19.9%.
- 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 $71 and $185 on your Wagoneer insurance cost, depending on the age of the rated driver.
- Young male drivers pay the highest rates. For a 2024 Jeep Wagoneer, a 20-year-old male receives an average rate of $4,742 per year, while a 20-year-old woman will pay an average of $3,390, a difference of $1,352 per year. The females get much better rates. But by age 50, the rate for men is $2,076 and rates for female drivers are $2,034, 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 $420 per year for a 40-year-old driver and $828 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 $440 per year for a 40-year-old driver and $874 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 $578 more per year than the Chevrolet Tahoe, $316 more than the Ford Expedition, and $318 more than the GMC Yukon.
With MSRP on the new 2024 Wagoneer ranging from the cheapest base 2WD model at $61,595 to the most expensive EV Series III costing $100,000, average insurance cost per month ranges from $182 to $217.
The next table shows how well Wagoneer insurance rates rank against the rest of the 2024 large SUV field.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Chevrolet Tahoe | $1,782 | -$578 |
| 2 | Chevrolet Suburban | $1,882 | -$478 |
| 3 | Nissan Armada | $1,966 | -$394 |
| 4 | GMC Yukon | $2,042 | -$318 |
| 5 | Ford Expedition | $2,044 | -$316 |
| 6 | Jeep Grand Wagoneer | $2,204 | -$156 |
| 7 | GMC Hummer EV | $2,210 | -$150 |
| 8 | Jeep Wagoneer | $2,360 | -- |
| 9 | Toyota Sequoia | $2,376 | $16 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated February 22, 2024
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 2024 model year are the GMC Yukon, Ford Expedition, Toyota Sequoia, and Chevrolet Suburban.
Here’s how those four models compare to the Jeep Wagoneer for overall price and average full-coverage auto insurance cost.
- Jeep Wagoneer vs. GMC Yukon – New off the lot, the sticker price on the GMC Yukon averages $1,324 less than the Jeep Wagoneer ($73,879 compared to $75,203). The cost to insure a Jeep Wagoneer compared to the GMC Yukon is $318 more every 12 months on average.
- Jeep Wagoneer vs. Ford Expedition – The average MSRP for a 2024 Jeep Wagoneer is $2,363 more expensive than the Ford Expedition, at $75,203 compared to $72,840. Insuring a 2024 Wagoneer compared to the Ford Expedition costs an average of $316 more per year.
- Jeep Wagoneer vs. Toyota Sequoia – The 2024 Toyota Sequoia sells for an average of $72,186, ranging from $60,875 to $80,865, which is $3,017 cheaper than the Jeep Wagoneer. Insuring a Jeep Wagoneer compared to the Toyota Sequoia costs an average of $16 less each year.
- Jeep Wagoneer vs. Chevrolet Suburban – The 2024 Chevrolet Suburban has an average sticker price of $69,768 ($59,095 to $81,245), which is $5,435 cheaper than the Jeep Wagoneer. Insurance on a Wagoneer costs an average of $478 more every 12 months than the Chevrolet Suburban.