7 Key Factors: Average Cost To Insure A Jeep Compass

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While Jeeps are notoriously expensive to insure compared to other makes of vehicles, the lower price tag on a Jeep Compass helps bring down the insurance costs a bit. If you want to buy a new Jeep and are considering which model to buy, the Jeep Compass is a great option that will keep you from breaking the bank not only when it comes to original cost, but also with your monthly insurance payments.

Car Insurance: Average Cost To Insure A Jeep Compass

Insurance for a Jeep Compass will likely cost about $160 a month, depending on many factors such as your driving record and credit score. How many miles you drive and what trim level you buy will affect your monthly payments, as well.

If you are taking steps to make sure you are making sound decisions while shopping for a new jeep, you are in the right place. Keep reading this article to discover what affects the price of insurance for a Jeep Compass, and also what insurance agents are looking at when they determine what your personal rates will be. We will also tell you what to look for on your model of Jeep Compass to save even more on your insurance payments.

Jeep Compass Price and Comparison

A Jeep Compass runs a bit cheaper than many other Jeep models. A new Jeep Compass will still run you over $19,000 for a base model, but that is more affordable than the $25,000 – $40,000 for many other brand new Jeeps currently on the market.

If you are looking for something even more affordable, the Patriot and the Renegade are both good options as well. Both base models will be $1,000 – $2,000 dollars cheaper than the base model Jeep Compass. However – be aware – the Renegade actually comes with a higher average monthly insurance payment – clocking in at $220 a month, which is twice the national average.

Why is the Jeep Renegade so much more expensive to insure than the Jeep Compass, even though it is a cheaper vehicle? Well, this all has to do with safety and statistics.

Jeep Renegades have more history of getting into expensive accidents when it comes to medical payments, even if replacing the vehicle is cheaper. Insurance agents look at these small probabilities while determining your insurance payments. These same factors affect the cost of the Jeep Compass, as well.

What Determines Insurance Costs for a Jeep Compass?

The lower price of a Jeep Compass helps keep insurance costs lower than for Jeeps on average, but what else is determining the cost of insurance? As we discussed, safety is an important factor as well.

Let’s dive into some of the other things insurance agents look at when determining the insurance cost of your Jeep Compass:

  1. Body TypeThis crossover SUV is still a Jeep chassis, and insurance agents are well aware that Jeeps are a bit more accident-prone than other makes of cars due to them being boxier and more top-heavy.
  2. Theft – One of the reasons the Jeep Compass has a lower average insurance cost than other Jeep models is that they are not as prone to theft as other Jeeps. This may because they are perceived as less “cool” and not as flashy. This works for you – you still get an amazingly reliable vehicle while saving hundreds of dollars a year on insurance.
  3. Safety – The Jeep Compass does not have perfect safety ratings, which is one of the reasons that insurance payments will be higher than for the average vehicle. The front impact safety test received 3 out of 5 stars, whereas the rollover safety test received 4 out of 5 stars.
  4. Cost of Parts – The cost of parts for a Jeep Compass is a bit lower than the national average, meaning insurance agents won’t dock you based on their perception of whether or not small accidents will be expensive to fix. They will likely be focused on more severe potential accidents for this vehicle.
  5. Brand Perception – Insurance agents definitely know that Jeep’s appeal to those of us who are a bit rough and rugged at heart. This love for the outdoors, and physical proof of concept such as the Jeep-sponsored app for offroading trails, gives insurance agents a reason to charge higher insurance rates. Sometimes too much fun leads to expensive accidents.
2020 Jeep® Compass Trailhawk

Other Factors to Consider When Getting Your Jeep Compass Insured

While the estimated cost of insurance is the national average for the Jeep Compass, your personal insurance quote will vary heavily depending on many personal factors that each insurance company will consider. 

It is important to look at these other key factors ahead of time to see where you stand. If there are factors that you can easily improve before you purchase your Jeep Compass, you should do so in order to save money every year while you own it.

  1. Gender and Age – While this may seem like discrimination, insurance agents only see statistics when they look at gender and age. We have included both of these demographics in the same category because gender works inversely on an age axis. What do we mean by this? Well, young men and older women pay the highest insurance premiums, while older men and younger women pay the lowest. This is based on crash data indicating that the former have more accidents while the latter have less.
  2. Marital Status – Getting married and settling down are signs of growing up and becoming more responsible. The data proves this to be true – single people get into many more accidents than their married counterparts. Don’t be offended when an insurance agent asks if you are married or not – and maybe tie the knot before you go shopping for your new Jeep Compass.
  3. Where You Live – If you live in a highly-populated area, you are much more likely to get into a wreck close to home. Insurance agents will take crash and traffic data in your area into consideration when determining what your monthly insurance payments will look like. If you live in a more rural area, this will help you afford the monthly insurance payments on your Jeep Compass.
  4. Credit Score – Like marriage, a healthy credit score is a sign of a responsible adult. Even if the mistakes you made were years in the past, a poor or fair credit score will mean that you will pay more monthly on your car insurance. If there are some outstanding bills you can pay off before purchasing a new vehicle, it is smart to do so as that will help your credit score.
  5. ProfessionThe more time you spend on the road, the more likely you will be to get into an accident. Not only will insurance agents look at how far you have to drive to work, but they will also look to see if you drive in your personal vehicle for work. If you drive a work vehicle, make sure to let your insurance agent know. This can definitely save you money in the long run.
  6. Driving History – This one is fairly obvious but worth mentioning if you have some tickets or accidents that will come off of your record soon. A cleaner driving history will mean lower insurance payments for you. It is smart to let those come off of your driving record before purchasing a new vehicle.
  7. Driving ActivityDid you know that your car insurance company can actually temporarily install a device that will tell them how safe or infrequent of a driver you are? Good data could help decrease your monthly premiums. But be warned – if you drive a lot during this evaluation it could actually increase your rates.

How to Save Money on Insurance for a Jeep Compass

There are many money-saving features on most models of the Jeep Compass that are worth noting. While it may cost more to get an upgraded trim package for these features, it could save you hundreds or even thousands over the life of your care in insurance payments, so make sure that your Jeep Compass has the following features before you buy:

  • Anti-Lock Brakes
  • Stability Control
  • Airbags
  • Motorized Seatbelts
  • Anti-Theft Devices

While things like airbags are going to be standard, it is important to know what car features will save you insurance money. Another $500-$1000 dollars for an upgraded trim package not only will keep you and your family safer, but also will earn you back that extra cost moving forward.

Example of Insurance for a Jeep Compass

Here’s a quick example to show you what an insurance agent sees when they determine a car insurance payment of around $183  a month for a Jeep Compass is appropriate:

  • 2017 Jeep Compass
  • 10,000-15,000 annual mileage
  • No accidents in the past five years
  • Middle-Aged Male
  • An Anti-theft device included on the vehicle
  • Driver located in the State of Louisiana

As you can see, insurance can be expensive even for a safe middle-aged driver. While your insurance may be more or less expensive depending on your personal history, it is important to speak to an insurance agent before purchasing your new Jeep Compass so you can see what your monthly cost will be.

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