2024 Jeep Compass Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Apr 25, 2024

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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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No one anticipates paying for insurance, especially knowing the cost is too high. Many car insurance companies vie for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies to get the lowest rate possible.

Smart consumers take time to check insurance prices as often as possible because insurance prices are rarely the same from one policy term to another. Even if you got the lowest price on Compass coverage on your last policy other companies may now be cheaper. Block out anything you think you know about insurance because you’re going to get a crash course in the fastest way to save money, get proper coverage and the best rates.

If you have a policy now or are looking for a new policy, you will benefit by learning to shop for the lowest rates while maintaining coverages. Finding the best rates is not rocket science. Drivers just need to learn the best way to compare company rates online.

How to get affordable insurance

There are several ways to compare insurance prices and some are easier and takes less work. You can spend countless hours driving to agents in your area, or you could save time and use the web to maximize your effort.

Many of the larger companies enroll in a system where insurance shoppers submit one quote, and every company provides a quote based on that information. This system prevents you from having to do repetitive form submissions for every insurance company.

To compare rates using this form now enter your zip code here.

The single downside to pricing coverage this way is you can’t choose which providers you want pricing from. So if you prefer to pick specific insurance companies for rate comparison, we have a listing of the cheapest insurance companies in your area. Click to enter zip code.

Which method you use is up to you, but try to keep identical quote data on every price quote you get. If the quotes have unequal deductibles or liability limits it will be impossible to get a fair rate comparison.

Drivers who switch save $414 a year? Really?

Consumers get pounded daily by advertisements for the lowest price insurance by State Farm, Allstate and GEICO. All the ads make the same claim that drivers can save some big amount after switching your policy.

But how can every company claim to save you money? It’s all in the numbers.

Most companies have an ideal profile for a prospective insured they prefer to insure. For example, this type of risk profile might have to be between the ages of 30 and 50, has no claims, and has a short commute. Any customer who meets those qualifications receive the lowest rate quotes and will most likely save when switching.

Insureds who do not fit this ideal profile will see higher prices which leads to the customer not purchasing. The trick is to say “customers who switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently make it sound like they have such great car insurance rates.

Because of the profiling, drivers must get price quotes at each policy renewal. It’s just too difficult to predict which insurance companies will provide you with the cheapest rates.

Jeep Compass insurance cost factors

Consumers need to have an understanding of some of the factors that go into determining the price you pay for insurance coverage. If you have some idea of what controls the rates you pay, this allows you to make educated decisions that can earn you better insurance coverage rates.

  • Rates increase with driving citations – How you drive has a big impact on rates. Attentive drivers pay lower auto insurance prices compared to bad drivers. Only having one chargeable violation could increase your next policy renewal by twenty percent. People who have careless violations like hit and run, DWI or reckless driving convictions may find they need to file a SR-22 to the state department of motor vehicles in order to legally drive.
  • Teen driver insurance prices – Youthful drivers have a tendency to get distracted easily behind the wheel therefore insurance coverage rates are much higher. Mature drivers have been proven to be more responsible, file fewer claims and receive fewer citations.
  • What’s your car’s crash test rating? – Cars with five star safety ratings tend to be cheaper to insure. These vehicles help reduce the chance of injuries in an accident and fewer serious injuries means lower claim amounts and cheaper rates on your policy. If your Jeep scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may be receiving lower rates.
  • Insurance coverage rates and your occupation – Did you know your job can affect your rates? Jobs like lawyers, social workers and emergency personnel are shown to have higher rates than the rest of us attributed to stressful work requirements and lots of time spent away from family. On the flip side, careers like professors, students and retirees pay lower than average rates on Compass coverage.
  • The higher your credit rating the lower your prices – Having a good credit score is a large factor in determining your rates. If your credit history is lower than you’d like, you could pay less to insure your 2024 Jeep Compass by taking the time to improve your credit score. Drivers who have high credit ratings tend to be less risk to insure than drivers who have poor credit scores.
  • Stay claim-free and save money – Auto insurance companies generally give better rates to drivers who do not rely on their insurance for small claims. If you are the type of insured that files lots of claims you can pretty much guarantee increased rates or even have your policy non-renewed. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.
  • Do thieves like your car? – Choosing to buy a car that has an advanced theft prevention system can help bring down rates. Systems that thwart theives like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft and help lower rates.
  • Liability protection safeguards assets – Your policy’s liability coverage kicks in if you are responsible for damages caused by your negligence. Liability provides legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so do not skimp.

Cheaper car insurance quotes with discounts

Some insurance providers don’t always advertise all discounts very clearly, so the list below details a few of the more well known and also the lesser-known ways to save on car insurance.

  • ABS Brakes – Anti-lock brake equipped vehicles are safer to drive and the ABS can save up to 10%.
  • Onboard Data Collection – Insureds who allow driving data collection to track their driving habits by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive may see discounts as long as the data is positive.
  • Early Payment Discounts – By making one initial payment instead of making monthly payments you could save 5% or more.
  • Auto/Life Discount – If the company offers life insurance, you could get a discount if you purchase some life insurance too.
  • Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
  • Club Memberships – Being a member of qualifying employment or professional organizations can get you a small discount on car insurance.
  • Distant College Student Discount – Kids who live away from home to go to college and won’t have access to an insured vehicle may be insured at a cheaper rate.
  • Government Employees – Active or former government employment may qualify for a discount when you quote car insurance on Compass coverage but check with your company.
  • Driver’s Education for Students – Make teen driver coverage more affordable by requiring them to successfully take a drivers education course in school.

Remember that most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, it’s just not the way it works.

Large car insurance companies and their offered discounts can be read below.

  • Progressive policyholders can earn discounts including multi-vehicle, continuous coverage, multi-policy, online signing, online quote discount, and good student.
  • MetLife may have discounts that include claim-free, multi-policy, defensive driver, accident-free, and good student.
  • Mercury Insurance may include discounts for ease of repair, professional/association, accident-free, good driver, age of vehicle, annual mileage, and type of vehicle.
  • Nationwide offers discounts including good student, Farm Bureau membership, accident-free, easy pay, business or organization, family plan, and defensive driving.
  • GEICO has discounts for multi-policy, military active duty, good student, federal employee, emergency military deployment, and driver training.
  • AAA includes discounts for good student, pay-in-full, multi-car, multi-policy, education and occupation, good driver, and AAA membership discount.

When getting a coverage quote, ask every company how you can save money. Some of the discounts discussed earlier might not be available to policyholders in your area. To locate insurance companies that offer some of these discounts, enter your zip code here.

Tailor your insurance coverage to you

When choosing proper insurance coverage for your vehicles, there really is not a one size fits all plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions could help you determine whether your personal situation may require specific advice.

  • I don’t drive much so do I pay less?
  • What companies insure drivers after a DUI or DWI?
  • Should I buy only the required minimum liability coverage?
  • What happens if I owe more than my 2024 Jeep Compass is worth?
  • Does my policy cover my teen driver if they drive my company car?
  • Is my nanny covered when driving my vehicle?

If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and enter your zip code. It’s fast, doesn’t cost anything and you can get the answers you need.

Parts of your auto insurance policy

Understanding the coverages of auto insurance helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages offered by auto insurance companies.

Collision insurance

Collision coverage covers damage to your Compass resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as hitting a mailbox, driving through your garage door, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Coverage for liability

Liability coverage can cover damage that occurs to other people or property that is your fault. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims like repair bills for other people’s vehicles, funeral expenses and emergency aid. How much coverage you buy is your choice, but consider buying higher limits if possible.

Comprehensive coverage

This coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as rock chips in glass, damage from getting keyed, hail damage and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses for nursing services, EMT expenses and surgery. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Save your hard earned cash

Some companies may not provide price quotes online and many times these smaller providers work with local independent agencies. The cheapest 2024 Jeep Compass insurance can be sourced on the web as well as from independent agents, and you should compare rates from both to have the best selection.

We covered many tips how you can lower your 2024 Jeep Compass insurance rates. The key thing to remember is the more companies you get car insurance rates for, the higher the chance of saving money. You may be surprised to find that the best price on insurance coverage is with a lesser-known regional company. Regional companies often have lower car insurance rates on specific markets than the large multi-state companies such as Allstate and Progressive.

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