Lower Your 1992 Jeep Cherokee Insurance Cost

Searching for lower car insurance rates for your Jeep Cherokee? Feel like you’re a prisoner to overpriced car insurance? Trust us when we tell you many consumers feel financially strained by their car insurance policy.

Big companies like State Farm and Geico constantly bombard you with ad campaigns and consumers find it hard to ignore the promise of big savings and effectively compare rates to find the best deal.

It’s a good habit to get comparison quotes yearly since rates are variable and change quite frequently. Just because you found the best deal on Cherokee coverage last year a different company probably has better rates today. Forget all the misinformation about car insurance because you’re about to learn how to use the internet to lower your rates without sacrificing coverage.

If you are paying for car insurance now, you will be able to cut costs considerably using this information. Buying car insurance is not rocket science. Nevertheless, consumers do need to understand how the larger insurance companies sell insurance online and use this information to your advantage.

More discounts equal less premium

Companies that sell car insurance do not advertise all their discounts very clearly, so we took the time to find both well-publicized and the more hidden car insurance savings.

  • No Charge for an Accident – A few companies allow you one accident without raising rates if your claims history is clear for a particular time prior to the accident.
  • Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save up to 15% off your medical payments premium.
  • Fewer Miles Equal More Savings – Fewer annual miles on your Jeep can qualify you for lower rates on the low mileage vehicles.
  • Paperwork-free – A few companies may give you up to $50 for buying your policy on their website.
  • Clubs and Organizations – Being a member of a qualifying organization may earn a discount on car insurance on Cherokee coverage.
  • Payment Method – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
  • Federal Employees – Active or retired federal employment may qualify you for a discount on Cherokee coverage depending on your company.
  • Multiple Policy Discount – If you insure your home and vehicles with one insurance company you could get a discount of approximately 10% to 15%.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and will save you 10% or more.
  • Discount for Good Grades – This discount can be rewarded with saving of up to 25%. The good student discount can last until age 25.

Consumers should know that some of the credits will not apply the the whole policy. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

A partial list of companies that possibly offer some of the above discounts include:

Double check with each company which discounts you may be entitled to. Discounts may not be available in your state.

It’s not one size fits all

When it comes to choosing adequate coverage, there is no single plan that fits everyone. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

  • Is other people’s property covered if stolen from my vehicle?
  • How can I get my company to pay me more for my totalled car?
  • Why am I required to get a high-risk car insurance policy?
  • Does my car insurance cover rental cars?
  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if my car is in a flood?
  • What if I owe more than I can insure my car for?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Do I need more liability coverage?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Buyer beware of insurance advertising tricks

Insurance providers like Allstate, Geico and Progressive regularly use television and radio advertisements. They all make an identical promise of big savings if you move to them. But how can every company say the same thing?

Insurance companies have a certain “appetite” for the driver that is profitable for them. An example of a desirable insured might be profiled as a mature driver, owns a home, and has a high credit rating. Any new insured who meets those qualifications will get very good rates and therefore will cut their rates substantially.

Potential insureds who don’t qualify for this ideal profile will be quoted more money and this can result in business going elsewhere. The ad wording is “customers that switch” not “people who quote” save that kind of money. That’s why insurance companies can confidently state the savings. This emphasizes why you absolutely need to get quotes from several different companies. It’s not possible to predict the company that will give you the biggest savings on Jeep Cherokee insurance.

Insurance specifics

Learning about specific coverages of insurance can help you determine which coverages you need for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by insurance companies.

Collision coverage – This will pay to fix damage to your Cherokee resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with another moving vehicle, crashing into a ditch, driving through your garage door and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability insurance – Liability insurance protects you from injuries or damage you cause to other people or property by causing an accident. It protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for claims such as emergency aid, repair costs for stationary objects and structural damage. The amount of liability coverage you purchase is a personal decision, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Jeep Cherokee.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Comprehensive insurance – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like falling objects, fire damage, vandalism, damage from a tornado or hurricane and damage from getting keyed. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like X-ray expenses, prosthetic devices, doctor visits, hospital visits and ambulance fees. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

A little work can save a LOT of money

We just showed you a lot of ways to compare 1992 Jeep Cherokee insurance prices online. The key thing to remember is the more companies you get rates for, the better your comparison will be. Drivers may discover the lowest premiums are with the smaller companies. They may often insure only within specific states and give getter rates than the large multi-state companies such as Geico and State Farm.

When trying to cut insurance costs, never sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice liability limits or collision coverage and learned later they didn’t purchase enough coverage. Your strategy should be to buy enough coverage at an affordable rate while still protecting your assets.

More detailed insurance coverage information is available at these sites: