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 $270 a month — or $3,234 a year, which is much higher than the average of any one province or territory. Keep in mind though that your actual cost may vary based on your location, among many other factors. For example, the average cost of auto insurance in Ontario is $1,505, compared to New Brunswick’s much more modest average of $867. This is why it’s important to get quotes that reflect your actual situation.
Jeep Cherokee car insurance rates vs other Jeep models
A Jeep Cherokee starts at a base price of $31,027. With the average insurance rate at $3,234 per year, the annual insurance cost–to–base car price ratio is 10.4%.
Model
Monthly insurance rate
Base car price
Cherokee
$270
$31,027
Compass
$265
$26,394
Grand Cherokee
$278
$44,409
Gladiator
$265
$47,743
Renegade
$280
$26,121
Wrangler
$233
$35,687
To determine these estimated costs, we aggregated quotes from insurance companies using this profile:
Single, 35 year old female
Latest model vehicle
20,000 km driven yearly
Perfect driving record
Equipped with winter tires
Driver located in Etobicoke, Ontario
Other factors that can affect your auto insurance rate
The model year
The vehicle’s trim
The amount of coverage you need
The estimated kilometres you drive in a year
The vehicle’s safety and anti-theft features
The driver’s credit score
The driver’s location
The driver’s age
The driver’s driving history in the past several years
The driver’s marital status
Your (or the driver’s) gender
Whether the driver rents, leases or owns the vehicle
Compare free car insurance quotes online for your Jeep Cherokee
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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 every province and territory, you can’t 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. Although price is important, it’s best used a tool to compare similar policy options rather than your deciding factor.
Deductible. Choose a deductible that suits your budget and situation. Higher deductibles may cost more up front but can make for lower monthly premiums. Similarly, a lower deductible costs less if you file a claim, but could cost you more in monthly premiums
Minimum coverage. Every province and territory requires drivers to have car insurance. Make sure your provincial or territorial minimums are met before choosing a policy.
Additional coverage. Personal injury protection and uninsured motorist coverage are just two of the many available types of extended coverage. Be sure to choose a provider that offers the additional coverage you need.
Extras. Accident forgiveness, roadside assistance and no-deductible glass repair are all extras that may be available on your policy. If extra features are important to you, be sure to speak with your provider to find out whats available.
Restrictions. Some policies may have restrictions on ridesharing, traveling out of the country, or other limitations. Be aware of any restrictions to avoid gaps in coverage or bring denied claims.
Manufacturer offer or loyalty discount. Some manufacturers have partnerships with insurance providers to provide special offers or discounts. Speak with your dealership to find out if any offers are available.
Warranty. Find out what coverage is offered through your manufacturer warranty to avoid paying for extra coverage you don’t need
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 relatively low, the Cherokee has been one of the top 10 most stolen cars in various regions in the country. This could increase the cost of insurance.
Repairs. The Cherokee’s average annual repair cost is generally higher than that of 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. If you opt for the gas engine, it can generally cost 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.
The 2020 Jeep Cherokee earned an overall consumer rating score of 80/100 from J.D. Power. The 2019 model was an IIHS Top Safety Pick, while the 2020 model received the top possible rating in all crash tests by the IIHS. Additionally, the NHTSA gave the 2020 Jeep Cherokee a 4 out of 5 star overall safety rating, which was the result of 4/5 star ratings on most frontal and rollover crash tests and a 5/5 star rating for side crash tests.
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 could cost between $100 and $200, but your actual cost may vary.
The Cherokee has an annual average repair cost of just over $600.
Does a new Jeep Cherokee come with a warranty?
Yes, all Jeep models come with a 3-year or 60,000-km limited warranty. You can have your Jeep serviced at any authorized Chrysler, Dodge, Jeep or Ram dealer. If you’re looking for warranties for previous model years, you can find more details on Jeep’s website. Your new Jeep may also come with two other warranties:
Rust-through coverage. Coverage for damage to all body sheet metal that has been rusted-through. The warranty lasts for 5 years or 160,000-km.
Powertrain warranty. This is a 5-year or 100,000-km fully transferable warranty with $0 deductible. It also includes 24-hour roadside assistance.
Jeep doesn’t offer an official extended warranty for the Cherokee.
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.
Bottom line
The Jeep Cherokee is an all-purpose crossover SUV that offers a balance between comfort and durability. The current generation has relatively high annual maintenance costs, however, it has near-perfect safety ratings and an assortment of great safety features that may help you save on auto insurance. You can then get insurance quotes from multiple providers to find out how much you’ll pay, and compare your options to get the best value for the coverage you need.
Frequently asked questions about the Jeep Cherokee
While there is no single best provider for the Jeep Cherokee, it has great safety features and ratings that should make it easy to find coverage from any major provider. Since coverage and pricing are situational, it’s important to get quotes from multiple providers to get estimates that reflects your driving history and actual vehicle.
Auto insurance for the Jeep Cherokee can be expensive due to its potential to be driven in higher-risk situations and high maintenance costs. Choosing an extended protection plan may help reduce your cost of insurance, as could adding features that improve safety or visibility. However, every insurance provider calculates premiums differently, so it’s important to compare your options to find out which one offers the best price.
You can learn more about the minimum requirements here, or you can speak with your provider to find a policy that suits your needs. When shopping around, it’s essential to find a policy that fits into your budget but also fulfills your all minimum requirements.
Peter Carleton is a 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.
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