Are you confused by the number of insurance providers in Indianapolis? Indiana people have such a vast assortment of providers available that it can easily become a big hassle to compare rates on Jeep Compass insurance. Indianapolis is an excellent city in which to live, but having to pay for pricey insurance makes it impossible to buy full coverage.

Insurance rates Jeep Compass in IndianapolisUnbelievable but true according to a study over 70% of Indiana drivers renewed their policy with the same company for more than four years, and approximately 40% of consumers have never shopped around. U.S. insurance shoppers can save hundreds of dollars each year by just shopping around, but they don't know the actual amount they would save if they changed companies.

When price shopping your coverage, comparing a wide range of rates increases your odds of finding a lower rate than you're paying now. Some companies don't provide price estimates online, so you should also compare price quotes from them as well.

The companies shown below provide free rate quotes in Indianapolis, IN. If multiple companies are shown, it's highly recommended you click on several of them to get a more complete price comparison.

Jeep Compass Insurance Costs in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $164 $304 $270 $16 $80 $834 $70
Compass Sport 4WD $186 $358 $294 $18 $88 $944 $79
Compass Limited 2WD $268 $536 $380 $22 $114 $1,320 $110
Compass Limited 4WD $116 $236 $318 $18 $94 $782 $65
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in your specific Indianapolis location which can revise auto insurance rates greatly.

Higher deductibles lower rates

When buying car insurance, a common question is the level to set your comp and collision deductibles. The premium rates below can help you visualize the rate differences between low and high policy deductibles. The first pricing table uses a $250 deductible and the second set of rates uses a $1,000 deductible.

Jeep Compass insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $188 $300 $280 $16 $84 $893 $74
Compass Sport 4WD $216 $366 $280 $16 $84 $987 $82
Compass Limited 2WD $216 $366 $280 $16 $84 $987 $82
Compass Limited 4WD $216 $366 $280 $16 $84 $987 $82
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Jeep Compass insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Compass Sport 2WD $116 $188 $280 $16 $84 $684 $57
Compass Sport 4WD $134 $230 $280 $16 $84 $744 $62
Compass Limited 2WD $134 $230 $280 $16 $84 $744 $62
Compass Limited 4WD $134 $230 $280 $16 $84 $744 $62
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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, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in garaging location in Indianapolis which can decrease or increase premium rates substantially.

Based on the figures above, using a $250 deductible costs about $19 more each month or $228 each year than requesting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to have at least 39 months between claim filings, you would save more money by going with a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $80
Average monthly premium for $1,000 deductibles (subtract): - $61
Monthly savings from raising deductible: $19
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $19
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 39 months

How high should deductibles be?

The information below shows how choosing a deductible and can affect Jeep Compass insurance prices for different age groups. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Indianapolis insurance discounts for a Jeep Compass

Insurance can cost an arm and a leg, but there may be some discounts to help bring down the price. Larger premium reductions will be automatically applied at quote time, but less common discounts must be specially asked for prior to getting the savings.Save money with discounts

Please keep in mind that most of the big mark downs will not be given to all coverage premiums. Some only apply to specific coverage prices like physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, it's just not the way it works.

Some of the insurance companies that have these money-saving discounts include:

When comparing rates, check with each company the best way to save money. Some discounts listed above may not be offered in Indianapolis. To locate companies that offer discounts in Indiana, click this link.

You may need advice from a local insurance agent

Some consumers would prefer to go talk to an agent and we recommend doing that An additional benefit of comparing rate quotes online is you can get better rates and still choose a local agent. And buying from neighborhood agents is important particularly in Indianapolis.

Insurance agency in IndianapolisAfter completing this quick form, the quote information is sent to companies in Indianapolis who will give you bids and help you find cheaper coverage. It's much easier because you don't need to find an agent since rate quotes are delivered to you. It's the lowest rates and an insurance agent to talk to. If you need to get a comparison quote from one company in particular, you would need to search and find their rate quote page and fill out their quote form.

Is an exclusive or independent car insurance agent right for you?

When narrowing the list to find a reliable insurance agent, you should know the types of agencies and how they can service your needs differently. Indianapolis agents are categorized either independent or exclusive depending on the company they work for.

Independent Agents (or Brokers)

Independent agencies can sell policies from many different companies so they can quote policies through lots of different companies enabling the ability to shop coverage around. If prices rise, your agent can switch companies and you don't have to do anything.

When searching for an agent, you absolutely need to get several quotes from at a minimum one independent agency to have the best price comparison. Many independent agencies also insure through companies you've never heard of that many times have cheaper rates.

Featured below are Indianapolis independent insurance agents that may be able to give you free rate quotes.

View more Indianapolis agents

Exclusive Insurance Agents

Agents of this type work for only one company such as Farmers Insurance, Allstate, or State Farm. They usually cannot provide rate quotes from other companies so you might not find the best rates. Exclusive agencies are trained well in insurance sales and that can be a competitive advantage. Some insured continue to use the same exclusive agent mainly due to the brand and the convenience of having all coverages with one company.

Listed below is a list of exclusive insurance agents in Indianapolis that are able to give comparison quotes.

View more Indianapolis agents

Deciding on a auto insurance agent shouldn't rely on just the bottom line cost. You should also get answers to these questions.

Will just any policy work for me?

When it comes to a policy for your vehicles, there is no "best" method to buy coverage. You are unique.Higher deductibles save money

Here are some questions about coverages that can help discover if your insurance needs would benefit from an agent's advice.

If you're not sure about those questions, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form.

Why Your Insurance Prices might be higher

It's important that you understand a few of the rating criteria that are used to determine the rates you pay for insurance. If you understand what influences your rates, this enables you to make decisions that will entitle you to much lower annual insurance costs.

The items below are a few of the "ingredients" utilized by car insurance companies to help set premiums.

Premiums are affected by your credit rating - Having a bad credit history can be a huge factor in determining what you pay. Therefore, if your credit score can use some improvement, you could pay less to insure your Jeep Compass by improving your rating. People that have excellent credit tend to be more responsible than drivers with poor credit.

When should you file a policy claims? - Insurance companies in Indiana provide most affordable rates to drivers who do not file claims often. If you file claims often, you can definitely plan on either policy cancellation or increased premiums. Your car insurance is meant to be used in the event of more catestrophic claims.

Bad driving means higher costs - Whether or not you get tickets influences premium rates substantially. Getting just one chargable violation may increase your cost substantially. Good drivers have lower premiums compared to bad drivers. Drivers who have received dangerous citations such as DUI, reckless driving or excessive speeding are required to complete a SR-22 with their state's licensing department in order to continue driving.

Men pay higher rates - Over time, data shows women are more cautious behind the wheel. Now that doesn't mean females are better at driving than males. They both have fender benders at about the same rate, but men tend to have higher claims. Men also tend to receive more costly citations like DWI (DUI) or reckless driving. Male teenagers tend to get in the most accidents so they pay the highest premiums.

Deter theft and reduce premiums - Selecting a car model with a theft deterrent system can save you a little every year. Anti-theft devices such as GM's OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.

Do you qualify for a multi-policy discount? - Most insurance companies afford discounts to clients who consolidate policies with them. It's known as a multi-policy discount. Even though this discount sounds good, it's still a good idea to check prices from other companies to help ensure you have the lowest rates. Consumers may find better rates by buying insurance from a different company.

Loss probability for a Jeep Compass - Insurers take into consideration insurance loss statistics for every vehicle when they file their rates in each state. Vehicles that tend to have higher claim amounts or frequency will have a higher cost to insure. The table below illustrates the collected loss data for Jeep Compass vehicles.

For each type of coverage, the statistical loss for all vehicles averaged together is represented as 100. Numbers below 100 represent a good loss history, while values that are above 100 indicate frequent claims or an increased probability of a larger loss.

Car Insurance Loss Data for Jeep Compass Models

Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Jeep Compass 4dr 2WD 87 135 58 128 124 142
Jeep Compass 4dr 4WD 76 114 63 99 107 106

Data Source: (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Choosing vehicle insurance is an important decision

Despite the high cost of buying insurance for a Jeep Compass in Indianapolis, buying car insurance may be required for several reasons.

The benefits of having insurance definitely exceed the cost, especially with large liability claims. The average driver in Indiana overpays more than $869 every year so you should quote rates each time the policy renews to ensure rates are inline.

Find affordable rates by being thorough

Insureds who switch companies do it for many reasons like unfair underwriting practices, delays in responding to claim requests, not issuing a premium refund or lack of trust in their agent. No matter why you want to switch, switching companies can be pretty painless.

Discount Jeep Compass insurance in Indianapolis is attainable online as well as from insurance agents, so you need to shop Indianapolis auto insurance with both to get a complete price analysis. There are still a few companies who may not have the ability to get a quote online and these regional carriers prefer to sell through independent insurance agencies.

As you shop your coverage around, don't be tempted to reduce needed coverages to save money. In many instances, an accident victim reduced uninsured motorist or liability limits to discover at claim time they didn't purchase enough coverage. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Additional information is available at the links below