About Jeep auto insurance
Jeep is an American automaker, currently owned by multinational corporation Stellantis. The company was founded in 1943 and has roots dating back to World War II. The first-ever Jeep was produced for military use, and quickly became the 4-wheel-drive vehicle of choice among the American army and its allies during the Second World War. After the war ended in 1945, Jeep started making its first civilian models, known as the Jeep CJ model series.Several Jeep vehicles have stood the test of time, including the Jeep Wagoneer, first introduced in 1962, and the CJ-5, which dates back to 1945. Both models enjoyed a three-decade production run, which is an impressive feat in the automobile world. Today, the most popular Jeep models are the Wrangler, Compass, Renegade, and Grand Cherokee.
If you're looking for ways to reduce your carbon footprint, the brand recently released a hybrid vehicle, an updated version of the Wrangler known as the Wrangler 4xe. It claims to be the industry’s first electrified open-air SUV and the most planet-friendly Wrangler to date.
Generally speaking, Jeeps are considered an affordable option for Canadian drivers, though custom trims can drive the prices up.
Fun facts about Jeep
- Jeep was acquired by fellow American automaker Chrysler (one of the “Big Three” automobile manufacturers in the United States) in 1987.
- The term ‘jeep’ was originally used by soldiers for their vehicles, known as GPs or general purpose vehicles.
To this day, the term “jeep” (in lowercase) continues to be used as a generic term for vehicles inspired by the Jeep brand - mainly sports utility vehicles with off-road capabilities. For example, in Iceland, the word “jeppi,” derived from Jeep, has been used since World War II as a synonym for any type of SUV.
- The iconic pressed-metal grille with integrated headlights found on all Jeep models was a Ford design, intended to be used on Ford models. The original grille had 13 slots, which was later reduced to nine, and finally to seven, which is the number of slots that adorn the Jeeps you see today.
Types of Jeep car insurance coverage
No matter the Jeep you choose, you’ll need to have a quality car insurance policy that meets the minimum requirements set by the Canadian province or territory you reside in. Remember that car insurance is mandatory everywhere in Canada. However, each province has its own unique coverage requirements. For example, in Alberta and Ontario, Canadian drivers must have valid car insurance policies that include at least $200,000 in third party liability coverage. Beyond the compulsory auto insurance coverages, there are several optional coverages that drivers can choose to purchase for added protection. Learn more about the types of car insurance coverage available to Jeep drivers below.
Third party liability coverage
Third party liability coverage is extremely important, which is why it’s mandatory in all provinces and territories in Canada. This type of coverage aims to protect the policyholder if they’re found at fault for a collision. Third party liability coverage can help pay for a wide range of expenses, from medical bills for injuries and car repair costs to legal representation and court fees. When purchasing car insurance, speak with an insurance broker to ensure the policy you buy meets the minimum requirements of third party liability coverage in your province or territory.
Collision coverage is optional, but Jeep drivers may find it beneficial to include it with their car insurance policy. This type of coverage protects the policyholder if they get into an accident with another vehicle or object on the road. It covers the driver no matter who is liable for the accident. While this might sound similar to accident benefits coverage (which is mandatory), the key difference is that collision coverage covers the costs of property damage, not accidental injury. Accident benefits covers medical expenses if you are injured following an accident.
For peace of mind, comprehensive coverage is the way to go. Like collision coverage, comprehensive coverage is not mandatory in Canada but it’s still popular owing to the peace of mind it offers. The mandatory coverage types provide a degree of coverage in the event of an accident. However, they do not provide coverage relating to other circumstances on the road. This is where comprehensive coverage comes in, providing Jeep drivers with protection against vandalism, fire, theft, or water damage. In essence, when you include comprehensive coverage in your car insurance policy, you’re protected no matter what happens on the road.
Accident forgiveness coverage
Accident forgiveness is another optional type of coverage that is generally recommended for new or high risk drivers. Including accident forgiveness in your Jeep auto insurance policy prevents the insurance company from increasing your insurance rate if you get into an at-fault accident. This type of coverage is only valid on your first at-fault accident, but it can be worthwhile for drivers with poor records or limited experience behind the wheel.
Direct compensation, like third party liability, is another type of mandatory coverage in Canada. Direct compensation offers financial protection in the event that you suffer an injury or your vehicle is damaged in an accident that was not your fault. This type of insurance coverage gets its name from the fact that you deal directly with your insurance provider to recover compensation after filing a claim.
Uninsured automobile coverage
Uninsured automobile coverage protects the driver and any passengers in their vehicle if they’re involved in an accident with an at-fault driver who is uninsured or underinsured.
Accident benefits coverage
Accident benefits coverage is one final type of compulsory coverage in Canada. Accident benefits comes into play if you, a passenger, or a pedestrian requires medical attention following a collision. It doesn’t matter which party is at fault for the accident, the policyholder can still receive money from the insurance provider to cover the costs. However, there are limits to what’s covered and there is a specific coverage amount for each policy, so it’s important to understand these terms before purchasing car insurance.
Factors that affect Jeep insurance premiums
Calculating car insurance premiums is far from simple. Insurers will take a variety of factors into account, some of which are within your control and some of which aren’t. For example, your age, marital status, location, driving history, and provincial laws can all determine how much you pay for car insurance. The make, model, and year of the Jeep you choose can also dictate your car insurance rate. For a full list of factors influencing Jeep insurance premiums, keep reading.
Each Canadian province and territory has its own regulations relating to car insurance, including the minimum amount of coverage required. The minimum coverage in some provinces is higher than in others, and the higher it is, the more expensive your insurance can be.
A driver’s age can also determine how much they pay for car insurance. Younger drivers typically pay higher premiums because they lack experience on the road. Elderly drivers may also be deemed more at risk than other age groups based on statistics.
Where you plan to drive your Jeep can also impact your insurance rate. If you live in a major Canadian city, such as Toronto, Montreal, or Vancouver, your insurance premium may be higher simply because there are more cars on the road, increasing your chances of getting into an accident. In contrast, if you live in a rural part of the country, you may pay less for insurance. Lastly, if you live in a region prone to climate related weather incidents, such as floods, you may pay more for Jeep insurance.
Driving experience and record
Your driving experience and driving record will also be considered when calculating your insurance premium. Generally speaking, having more driving experience is better than less, however, you also want to have a clean driving record. Years or even decades of driving experience coupled with a clean driving record indicates that you are a safe and responsible driver. On the other hand, if you have a poor driving record filled with speeding tickets, DUIs, demerit points, and collisions, your insurance premium is likely to go up.
Model and year of Jeep
The make, model, and year of the vehicle you drive is another factor that can determine your car insurance rate. Jeeps are generally considered affordable and reliable vehicles, which means you could pay less for car insurance by purchasing a Jeep. However, if you’ve purchased several custom trims, then the cost of repairing or replacing the vehicle goes up, and so too will your insurance. The general rule of thumb is the more expensive or luxurious the car, the more it costs to insure. In addition, the model year for the Jeep you purchase matters. If you purchase an older model or even a used vehicle, your premium might be less than if you purchase a new, recent model. Ultimately, a number of factors will determine how much you pay for your Jeep car insurance, but if you’re curious about which Jeep models are typically the least expensive to insure, speak with a broker today.
How often you plan to drive your Jeep can affect your car insurance rate. If you only drive a few times each week, then your odds of getting into an accident are less, and your insurance may be cheaper. But if you drive well above the average, or you frequently drive at night, on highways, or during rush hour, then your chances of getting into an accident go up, and your insurance premium may as well.
How to save money on Jeep car insurance
Auto insurance can be expensive, even if you choose a budget-friendly and reliable vehicle like a Jeep. That said, Canadian drivers can reduce how much they pay for car insurance by driving responsibly and having a clean driving record. You can also save money on car insurance by following some of the tips below. From bundling insurance policies to attending driving school, check out the top tips for getting cheap car insurance:
Insure all cars together
Purchasing more than one car insurance policy from the same provider can save you money. So if you own more than one car (perhaps you have a second vehicle for your spouse or adult child), insuring them together can result in a discount of 15% or 20% on each vehicle’s car insurance.
Combine different insurance policies
To minimize how much you pay for car insurance, consider bundling multiple policies together. Insurers may offer significant discounts (up to 15%) to customers who purchase more than one policy from them. So if you need home insurance, insurance for leisure items like a cottage, boat, or ATV, travel insurance, or business insurance, on top of car insurance, consider purchasing them all from the same provider.
Invest in winter tires
Installing winter tires on your Jeep is one way to save money on car insurance in many Canadian provinces and territories. Snow tires are known for their superior capabilities on snow and ice-covered roads, making them a safe option for Canadians who frequently drive in the winter. If you invest in winter tires, insurance companies will take this into account and may offer a discount of up to 5% on your car insurance.
Before you purchase snow tires, research the winter tire regulations in your province. Winter tires are mandatory in certain parts of the country, so to be eligible for a discount, make sure you live in a place where it is not compulsory.
Purchase a hybrid Jeep
Many insurance companies across Canada have begun offering discounts to drivers of hybrid or electric vehicles. So if you’re looking to reduce how much you pay for car insurance, consider investing in Jeep’s first-ever hybrid vehicle, the Wrangler 4xe. Doing so may make you eligible for discounts of up to 10% on your Jeep car insurance.
Increase your deductible
We’re going to let you in on a little secret: the higher your deductible, the lower your insurance premiums - no matter what type of insurance you’re buying. So if you’re looking to save money on car insurance, consider purchasing a higher deductible. To understand the pros and cons of doing so, we recommend getting in touch with your local broker.
If your budget allows it, we always recommend paying for car insurance annually rather than monthly. Monthly payments typically come with administrative fees that end up costing you more.
Sign up for driving school
If you’re a young driver looking to reduce your insurance premium, consider enrolling in driving school. Receiving driving instruction from a professional will not only make you a more confident and responsible driver, but it can reduce how much you pay for car insurance. If you can prove to an insurance company that you graduated from a recognized driving school in Canada, you may be eligible for a discount on your Jeep car insurance.
Work with an insurance broker
Lastly, one of the best ways to save money on Jeep car insurance is by working with an insurance broker. Trusted insurance brokers like the ones at BrokerLink are experts in the field of car insurance. We have been in business for over 30 years, which means we know all the best tips to save money on car insurance. Plus, our knowledgeable insurance advisors take the time to understand your lifestyle and budget, ensuring we find a car insurance policy that meets your needs. So while you’re relaxing with your family, we’ll be working to obtain and compare quotes, browse coverage options, and unlock discounts. BrokerLink is dedicated to finding the most competitive car insurance policies for Canadian Jeep drivers.
Want to learn more about Jeep car insurance? Get in touch
To learn more about insuring your new Jeep, contact BrokerLink today.
Our team of expert insurance advisors is always available to offer their resources and expertise. Whether you want to understand the mandatory coverage requirements in your province, get a free car insurance quote, or learn more about how to save money on your auto insurance policy, we can help.
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Jeep auto insurance FAQs
Is it cheaper to insure a used Jeep or a new one?
It is often cheaper to insure a used car than a new one, no matter the make. This is because older cars are typically less expensive to insure.
However, it’s important to note that new Jeep models have certain advantages that could save you money in other ways. For example, a new Jeep might be more fuel-efficient than an older model, which might cost more in insurance but save you more money in gas long-term.
Is it safe to buy Jeep car insurance on the internet?
Yes, it is safe to shop for Jeep car insurance on the internet. That said, shopping for car insurance online can be an overwhelming experience, with so many insurance companies across Canada, browsing all the different policies available can be stressful and time-consuming. That’s where insurance brokers come in. Reputable insurance brokers like BrokerLink make shopping for car insurance easy. When you choose BrokerLink, , you work with a dedicated insurance advisor who is with you every step of the way- comparing quotes, explaining coverage options and industry jargon, and ensuring you get the best policy at the most affordable price.
Is car insurance compulsory for Jeeps?
Yes, car insurance is compulsory for Jeeps, as well as any other make of vehicle. This is because car insurance is a requirement in all Canadian provinces and territories. No matter what car you drive, you’ll need to have a valid, up-to-date car insurance policy at all times. Driving without insurance is illegal and if caught doing so, you can incur severe fines.
In order to register your vehicle in Canada, you’ll need to show proof of insurance. And not just any insurance will do. As mentioned above, each province and territory has regulations on the minimum coverage requirements for drivers. If you aren’t sure what types of coverage are mandatory in your province, contact BrokerLink to learn more.
*This article is in no way sponsored, endorsed, or associated with Jeep.