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Jeep Cherokee insurance rates

Average Jeep Cherokee insurance rates

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Released in 1974, the Jeep Cherokee is now one of the best-selling vehicles in the US. Not to be confused with the popular full-size Grand Cherokee SUV, the Cherokee is a crossover SUV that is currently in its fifth generation. This all-purpose vehicle has great safety features and crash test ratings that should make it easy to find coverage.

On average, auto insurance for a Jeep Cherokee costs $220 a month — or $2,640 a year. While this estimate is double the national average of $1,318, the price you pay may be different. The cost of auto insurance is influenced by a number of factors, and your location plays a major role. For example, the average cost of insurance in Ohio is $926 per year, compared to $2,013 in Montana. This is why it’s important to get quotes that reflect your actual situation.

A 2017 Jeep Cherokee starts at a base price of $23,695. With the average insurance rate at $2,640 per year, the annual insurance cost–to–base car price ratio is 11.1%.

ModelMonthly insurance rateBase car price
Cherokee$220$23,695
Compass$164$19,940
Grand Cherokee$220$30,395
Patriot$164$18,040
Renegade$220$17,995
Wrangler$154$23,995
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How to compare insurance for the Jeep Cherokee

Let’s face it – shopping for auto insurance can be frustrating, it’s an expensive purchase that you hope to never use. And since coverage is mandatory in almost every state, you probably won’t be able to opt out. So while you can’t avoid shopping for auto insurance, knowing what to look for can make the process easier and more affordable. Here’s what you should know about comparing auto insurance:

  • Price. Be sure to use the same vehicle and driver details when getting quotes. This will help you compare similar coverage by price.
  • Deductible. Keep in mind that your deductible amount can affect the cost of insurance. Policies with higher deductibles generally have lower premiums, whereas those with lower deductibles have higher premiums.
  • Minimum coverage. Since each state has different coverage requirements, it’s important to ensure that the policy you choose meets your state’s minimums.
  • Additional coverage. Be sure to include any additional coverage options like personal injury protection or medical payments coverage when getting quotes.
  • Extras. Find out what features your policy includes and what features you’ll need to pay extra for.
  • Restrictions. Find out if any restrictions apply to your policy to avoid gaps in coverage or denied claims.
  • Manufacturer offer or loyalty discount. Ask your dealership if you are eligible for any manufacturer offers or loyalty discounts and you may be able to save on auto insurance.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for Jeep Cherokee?

The cost of insurance largely depends on your risk of filing claims and the cost of paying them out. And while your driving history and location can affect these factors, the vehicle you drive plays a much more important role. This is because performance, theft rates, repair costs and other variables differ between every make and model. Here’s how the Jeep Cherokee’s characteristics might affect the cost of insurance.

  • Body type. The Cherokee is an all-purpose SUV that is suitable for almost any terrain. However, its potential to be used for towing or off-road driving could make for higher insurance premiums.
  • Type of car. The Jeep Cherokee is a crossover SUV with a modest price tag. This could make for more affordable insurance premiums.
  • Theft. While Jeep theft rates are lower than average, the Cherokee is the most stolen model. This could increase the cost of insurance.
  • Repairs. The Cherokee has an average annual repair cost of just over $500, which is higher than other vehicles in its class. This could lead to more expensive auto insurance.
  • Safety ratings. The Jeep Cherokee has a number of safety features and great safety ratings that could lead to auto insurance discounts.
  • Fuel type. The Cherokee is a gas vehicle, which generally costs less to insure compared to diesel or hybrid vehicles.
  • Trim & packages. Adding options that increase power, overall value or potential repair costs could lead to higher insurance premiums. That said, features that improve safety or visibility may have the opposite effect.

Does the Jeep Cherokee qualify for auto insurance discounts?

You could save money on car insurance for your Jeep Cherokee if it comes equipped with these safety features.

  • New car discount
  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

Jeep Cherokee safety & reliability ratings

The 2018 Jeep Cherokee was awarded an 8.8/10 for safety by U.S. News and J.D. Power. Additionally, it received the highest possible ratings in almost all categories from the NHTSA and IIHS.

U.S. News and J.D. Power give the 2018 Jeep Cherokee a disappointing 2.5/5 star reliability rating, which is worse than most other vehicles in its class. This could be due to its high average repair costs and the fact that it may be prone due to transmission issues.

Jeep Cherokee maintenance

The Jeep Cherokee is an all-purpose crossover SUV that’s designed to handle almost any terrain on and off the road. It offers a comfortable and safe driving experience that makes it great for families and road trips, but it may require more maintenance than other vehicles in its class. Regardless, routine maintenance like oil changes and inspections can prevent unexpected issues and ensure that your vehicle drives smoothly. Here’s what to expect.

  • Since vehicle usage may vary depending on the owner, location and other factors, Jeep doesn’t have a suggested oil change schedule. Instead, you should follow the oil change indicator system to find out when your oil needs to be changed.
  • Oil changes should cost between $100 and $200, but your actual cost may vary.
  • The Cherokee has an annual average repair cost of just over $500, which is above average for crossover SUVs. Some owners have also experienced transmission problems, an expensive issue that could contribute to the higher average repair cost.

Is an extended warranty worth it for the Jeep Cherokee?

The Jeep Cherokee comes with a standard 3-year/36,000-mile limited warranty and 5-year/60,000-mile powertrain warranty. New vehicles also come with 5 years of corrosion protection and 5 years/60,000 miles of roadside assistance. Unlike other similar vehicles, Jeep does not offer a complimentary maintenance plan.

Jeep doesn’t offer an official extended warranty for the Cherokee, but Mopar, its parent company, has two vehicle protection plans available. There are multiple terms that provide up to eight years/125,000 miles of coverage. Both options cover OEM part replacements, rental resimbursements and more. The Cherokee is below average in terms of reliability and has high average repair costs, so the extended protection plans may be a good idea.

About the Jeep Cherokee

The Jeep Cherokee has been around since 1974 and is currently in its fifth generation. The Cherokee was originally a variant of the Jeep Wagoneer. The compact SUV is known for its premium cabin, spacious interior, excellent off road capability with the four wheel drive option. Jeep plans to update the front end for the 2018 model with a more conservative style.

Compare Jeep competitors

Explore other Jeep vehicles or find out what other manufacturers have to offer.

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Bottom line

The Jeep Cherokee is an all-purpose crossover SUV that offers a balance between comfort and durability. While it has been in production since 1974, the current generation still suffers from some reliability issues that could contribute to higher auto insurance premiums. That said, it has near-perfect safety ratings and an assortment of great safety features that may help you save on auto insurance. You should get quotes from multiple providers to find out how much you’ll pay, then compare your options to get the best value for the coverage you need.

Frequently asked questions about the Jeep Cherokee

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Peter Carleton is a freelance writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. See full bio

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