Cheapest Insurance for a Jeep Wrangler in Indianapolis

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It takes a little time, but the best way to quote cheaper car insurance rates is to regularly compare prices from insurance carriers that sell auto insurance in Indianapolis.

  • First, try to comprehend how companies set rates and the modifications you can make to keep rates low. Many policy risk factors that are responsible for high rates like at-fault accidents, speeding tickets, and an unfavorable credit rating can be rectified by making small lifestyle or driving habit changes. Keep reading for additional ideas to lower rates and get bigger discounts that may have been overlooked.
  • Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO and Allstate, while agents who are independent can provide prices for many different companies.
  • Third, compare the new rate quotes to your existing policy to see if you can save by switching companies. If you find a better price, ensure there is no coverage lapse between policies.
  • Fourth, give proper notification to your current agent or company of your decision to cancel your current coverage. Submit a completed policy application and payment to your new carrier. Immediately keep your new certificate verifying proof of insurance with your registration paperwork.

A tip to remember is that you use identical coverages on every quote request and and to get prices from all possible companies. Doing this guarantees an apples-to-apples comparison and a complete price analysis.

Insurance for Jeep WranglerAmazingly, a recent NerdWallet.com study showed that most drivers kept their policy with the same company for over three years, and nearly 40% of drivers have never quoted insurance rates at all. Consumers in Indiana can save approximately $700 each year by just shopping around, but most tend to underestimate the big savings they would realize if they changed companies.

Components of Your Jeep Wrangler Insurance Rates

Lots of things are taken into consideration when pricing auto insurance. Some are pretty understandable such as traffic violations, although some other factors are not quite as obvious like where you live and annual miles driven.

Use but don't abuse your insurance - Auto insurance companies in Indiana provide the best rates to policyholders who only file infrequent claims. If you frequently file small claims, you can look forward to much higher rates or policy non-renewal. Your insurance policy is meant to be used in the event of larger claims.

City traffic equals higher costs - Having an address in less populated areas of the country has definite advantages when buying auto insurance. Fewer drivers and short commutes means reduced accidents. People who live in big cities have traffic congestion and a longer drive to work. More time commuting means more chance of being in an accident.

Cheaper to insure women? - Over the last 30 years, statistics show that females tend to be a little less risky than males. This data doesn't prove that men are worse drivers. Women and men are responsible for fender benders at about the same rate, but males have accidents that have higher claims. In addition to higher claims, males also have more aggressive citations like driving under the influence (DUI). Male teenagers generally have the highest accident percentage so it costs more to insure them.

The example below illustrates the difference between Jeep Wrangler insurance costs for male and female drivers. The price estimates are based on no claims or driving citations, comp and collision included, $500 deductibles, single status, and no discounts are applied to the premium.

Avoid tickets and save - Drivers who don't get tickets get better prices as compared to those with violations. Even one speeding ticket or other violation can boost insurance rates substantially. Drivers unfortunate enough to have flagrant violations like reckless driving or DUI are required to maintain a SR-22 with their state's department of motor vehicles in order to prevent a license revocation.

The diagram below demonstrates how speeding tickets and at-fault claims raise Jeep Wrangler insurance premiums for different age groups. The price estimates are based on a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.

The type of vehicle makes a difference - The performance level of the car you are buying insurance for makes a substantial difference in your premium level. The best insurance prices will generally be found on smaller low performance passenger vehicles, but the final cost of insurance is determined by many other factors.

The following data uses these assumptions: married male driver age 40, full coverage with $100 deductibles, and no discounts or violations. The data compares Jeep Wrangler car insurance rates compared to other vehicles that have different performance rating factors.

More than one policy can earn a discount - Lots of insurers will award a discount to people that buy multiple policies such as combining an auto and homeowners policy. Even if you're getting this discount it's always a smart idea to compare other Indianapolis Wrangler insurance rates to verify if the discount is saving money.There is a chance you can find a better deal by buying auto insurance from a different company.

Safer vehicles means lower premiums - Vehicles with good safety scores tend to have lower insurance rates. Vehicles engineered for safety result in less severe injuries and any reduction in injury severity means less claims paid which can result in lower premiums.

Loss probability for a Jeep Wrangler - Car insurance companies analyze historical claim data when setting premium prices. Vehicles that are shown to have higher claim amounts or frequency will have higher premium rates. The table below shows the collected loss data for Jeep Wrangler vehicles.

For each insurance policy coverage type, the claim probability for all vehicles compiled together is represented as 100. Numbers that are below 100 suggest a positive loss record, while numbers above 100 indicate frequent claims or tendency to have larger claims.

Jeep Wrangler Insurance Loss Statistics
Specific Jeep Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Wrangler 2dr SWB 4WD 54 134 71 57 52 102
Jeep Wrangler 4dr 4WD 58 151 82 66 62 120
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

Analysis of Jeep Wrangler rates

The coverage table displayed next showcases detailed analysis of insurance policy prices for Jeep Wrangler models. Learning a little about how premiums are determined can assist in making decisions when choosing a new policy provider.

Jeep Wrangler Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Wrangler Sport 4WD 2-Dr $164 $238 $270 $16 $80 $768 $64
Wrangler Unlimited Sport 2WD 4-Dr $164 $238 $336 $20 $100 $858 $72
Wrangler Sport Islander Package 4WD 2-Dr $164 $304 $270 $16 $80 $834 $70
Wrangler Unlimited Sport 4WD 4-Dr $188 $238 $336 $20 $100 $882 $74
Wrangler Sahara 4WD 2-Dr $188 $304 $270 $16 $80 $858 $72
Wrangler Unlimited Sport Islander Package 4WD 4-Dr $188 $238 $336 $20 $100 $882 $74
Wrangler Unlimited Sahara 2WD 4-Dr $188 $238 $336 $20 $100 $882 $74
Wrangler Rubicon 4WD 2-Dr $188 $304 $270 $16 $80 $858 $72
Wrangler Unlimited Sahara 4WD 4-Dr $188 $304 $336 $20 $100 $948 $79
Wrangler Unlimited Rubicon 4WD 4-Dr $212 $304 $336 $20 $100 $972 $81
Get Your Own Custom Quote Go

Table data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can decrease or increase premiums substantially.

Physical damage deductible comparison

One common question asked by Indianapolis drivers is at what level do you set your deductibles. The figures shown below may help to illustrate the rate fluctuation when you buy lower versus higher insurance deductibles. The first pricing table uses a $250 deductible and the second rate chart uses a $500 deductible.

Jeep Wrangler insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Wrangler Sport 4WD 2-Dr $188 $236 $280 $16 $84 $829 $69
Wrangler Unlimited Sport 2WD 4-Dr $188 $236 $350 $20 $106 $925 $77
Wrangler Sport Islander Package 4WD 2-Dr $188 $300 $280 $16 $84 $893 $74
Wrangler Unlimited Sport 4WD 4-Dr $216 $236 $350 $20 $106 $953 $79
Wrangler Sahara 4WD 2-Dr $216 $300 $280 $16 $84 $921 $77
Wrangler Unlimited Sport Islander Package 4WD 4-Dr $216 $236 $350 $20 $106 $953 $79
Wrangler Unlimited Sahara 2WD 4-Dr $216 $236 $350 $20 $106 $953 $79
Wrangler Rubicon 4WD 2-Dr $216 $300 $280 $16 $84 $921 $77
Wrangler Unlimited Sahara 4WD 4-Dr $216 $300 $350 $20 $106 $1,017 $85
Wrangler Unlimited Rubicon 4WD 4-Dr $244 $300 $350 $20 $106 $1,045 $87
Get Your Own Custom Quote Go
Jeep Wrangler insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Wrangler Sport 4WD 2-Dr $154 $190 $280 $16 $84 $724 $60
Wrangler Unlimited Sport 2WD 4-Dr $154 $190 $350 $20 $106 $820 $68
Wrangler Sport Islander Package 4WD 2-Dr $154 $242 $280 $16 $84 $776 $65
Wrangler Unlimited Sport 4WD 4-Dr $176 $190 $350 $20 $106 $842 $70
Wrangler Sahara 4WD 2-Dr $176 $242 $280 $16 $84 $798 $67
Wrangler Unlimited Sport Islander Package 4WD 4-Dr $176 $190 $350 $20 $106 $842 $70
Wrangler Unlimited Sahara 2WD 4-Dr $176 $190 $350 $20 $106 $842 $70
Wrangler Rubicon 4WD 2-Dr $176 $242 $280 $16 $84 $798 $67
Wrangler Unlimited Sahara 4WD 4-Dr $176 $242 $350 $20 $106 $894 $75
Wrangler Unlimited Rubicon 4WD 4-Dr $200 $242 $350 $20 $106 $918 $77
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Estimates do not factor in your specific Indianapolis location which can alter price quotes significantly.

We can derive from the above data that using a $250 deductible costs roughly $9 more each month or $108 for a full year than buying the higher $500 deductible. Since you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 28 months between claims, you would come out ahead if you choose the higher deductible.

How to calculate if higher deductibles make sense

Average monthly premium for $250 deductibles: $78
Average monthly premium for $500 deductibles (subtract): - $69
Monthly savings from raising deductible: $9
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $9
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

Should you buy full coverage?

The example below illustrates the difference between Jeep Wrangler insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no definitive formula for eliminating comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's assume your Jeep Wrangler claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If it's costing in excess of $200 a year for physical damage coverage, then you might consider buying liability only.

There are some conditions where buying only liability insurance is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.

Get cheaper Jeep Wrangler insurance in Indianapolis with discounts

Car insurance companies don't always list every discount in an easy-to-find place, so the below list has some of the best known as well as the least known discounts that may be available.Auto insurance discounts

  • Sign Early and Save - Some larger companies reward drivers for switching policies prior to your current Wrangler insurance policy expiring. It could save around 10% when you buy Indianapolis car insurance online.
  • Anti-theft System - Vehicles with anti-theft systems are stolen less frequently so companies will give you a small discount.
  • Defensive Driver - Participating in a driver safety course can save you 5% or more depending on where you live.
  • Accident-Free Discounts - Indianapolis drivers who stay claim-free pay less in comparison to drivers with a long claim history.
  • New Vehicle Savings - Adding a new car to your policy may earn a small discount since new model year vehicles are generally safer.
  • Multi-Vehicle Discounts - Buying a policy with more than one vehicle on one policy can reduce the rates for all insured vehicles.
  • Auto/Home Discount - If you combine your homeowners and auto policies and insure them with the same company you may earn approximately 10% to 15%.
  • Telematics Data - People who choose to allow driving data submission to analyze vehicle usage through the use of a telematics system such as In-Drive from State Farm or Allstate's Drivewise system might get better premium rates as long as they are good drivers.

Consumers should know that some credits don't apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though it may seem like it's possible to get free car insurance, company stockholders wouldn't be very happy.

The chart below illustrates the difference between Jeep Wrangler insurance costs with and without some available policy discounts. The premium estimates are based on a female driver, no violations or accidents, Indiana state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, multi-policy, safe-driver, and claim-free discounts applied.

A partial list of companies that may offer quotes with these discounts include:

Double check with each company how many discounts you can get. Some discounts listed above may not be available in every state.

Persistent drivers can save

As you go through the steps to switch your coverage, don't be tempted to sacrifice coverage to reduce premiums. Too many times, someone sacrificed comprehensive coverage or liability limits and learned later they didn't purchase enough coverage. Your goal is to get the best coverage possible at the best price while not skimping on critical coverages.

We just covered many tips how you can reduce Jeep Wrangler insurance prices online in Indianapolis. The most important thing to understand is the more companies you get rates for, the higher your chance of finding cheaper Indianapolis car insurance quotes. You may even discover the lowest prices come from a company that doesn't do a lot of advertising.

Some car insurance companies may not have online price quotes and most of the time these regional carriers sell through independent agencies. Lower-priced Jeep Wrangler insurance in Indianapolis is definitely available both online and from local insurance agents, and you should compare price quotes from both so you have a total pricing picture.

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