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Jeep Compass Car Insurance Costs

What does car insurance cost for a Jeep Compass?
Here's what you need to know...
  • The cost to insure a Compass is around $1,200 per year
  • As your vehicle depreciates in value, your insurance coverage costs will also go down
  • Adding safety features and anti-theft devices will help lower your insurance premium
If you are looking for a small SUV, you might consider the Jeep Compass.

While deciding whether this is the right car for you, you should try to answer this question: how much would car insurance cost for a Jeep Compass?

Enter your zip code to compare car insurance rates from multiple companies today!

Before you think of insurance, it’s a good idea to know a little about the Jeep Compass. The article that follows details the features of this vehicle and the different types of insurance you might select to protect it.

What information about the Jeep Compass impacts its car insurance cost?

AdobeStock_73285450-1600x1600Old Jeep Compasses were not the best Jeeps out there. Even with its optional four-wheel drive and being eight inches off the ground, they were not good for off-road driving, a quality many people expect from a Jeep.

The Jeep Compass had only two qualities in its favor:

The low price and gas cost came with a variety of negative aspects, starting with its appearance.

The Jeep Compass didn’t have the boxy look that Jeeps are well known for. Inside, the Jeep Compass looked like it was made on a budget with cheap plastic and coarse fabric.

The Jeep Compass didn’t offer any great options either.The base model came with manual windows and locks and a tilting steering wheel.

To get common features, such as power windows and locks, a leather-lined steering wheel with radio controls on it, a satellite radio and a remote to unlock your car, you’d have to pay $5,000 extra.

What about the 2011 Jeep Compass?

The 2011 Jeep Compass changed dramatically:

  • The outside now looks sleek with its new hood, fenders, and other parts. The interior is made for comfort and no longer looks cheap. Its leather-wrapped steering wheel has a radio, cruise control, and hands-free phone control buttons on it.
  • It also has an iPod interface, and you can add an FM/AM/CD/DVD system to it. Navigation help is available in the Limited Jeep Compass.
  • The performance is better, too. With an inch more clearance underneath, 17-inch all-terrain tires, more horsepower and other improvements, the 2011 Jeep Compass can go off-roading without a problem.

Unfortunately, these improvements raised the cost of the Jeep Compass. The base price is now $23,295 but by the time most people add their personal options, the average price will be a little over $26,000.

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How do safety features impact the Jeep Compass?

As far as safety is concerned, governmental tests gave the Jeep Compass a decent rating with four stars out of five for rollover safety and three stars out of five for front impact collision.

This may help to lower costs with the car insurance companies.

The basic Jeep Compass comes with the following safety features:

  • Brake Assist
  • Electronic Roll Mitigation
  • Electronic Stability Control
  • Hill Start Assist

Although front and rear airbags are included in the Jeep Compass’s safety features, it costs $250 more to have side airbags installed.

Will my insurance costs decrease faster for the Jeep Compass because the depreciation is so high?

AdobeStock_65761320-1600x1600Yes, the depreciation on your Compass will help to get your car insurance rates lower faster. A major part of the cost of your insurance is based on the value of your vehicle.

You can check the value of your vehicle with Kelly Blue Book to see just how much your Compass has depreciated.

When you first buy your Jeep Compass, however, you will likely be paying more for your insurance than you would if you were to buy a used Jeep Compass of the same year and mileage.

The reason is that, although the depreciation for the Jeep Compass in the first six months of ownership is $5,706, you will be paying insurance for the full purchase price of your vehicle because that is what your initial quote will be based upon.

When it is time to renew your policy at the six-month mark, you should see a reduction in your insurance premiums that will make you happy.

After the first year, you will see the biggest decrease because the depreciation in the first year is the highest. After that, the depreciation rate is about $2,000 a year, and your rates will be reduced based on that.

What types of car insurance are needed for Jeep Compass?

Car insurance rates for the Jeep Compass are around $1,200 per year, but this number can be affected by the type of car insurance you buy.

There are many different types of car insurance, so how do you choose?

The first thing you should do is find out the minimum coverage mandated by your state.

Once you know that, determine whether you need more than your state requires.

The following is a list of common kinds of car insurance:

  • Liability Coverage – This protects you from having to pay out of pocket for damages you cause to other people and their cars. It is usually the minimum coverage that states require.
  • Comprehensive Physical Damage Coverage – This protects your Jeep Compass from damage that is not caused by a car accident. It could include damage from theft, vandalism, or weather, among other causes.
  • Collision Coverage – If you get in an accident, collision coverage will pay for damages done to your car.
  • Medical Payments – This insurance covers the medical costs resulting from an accident and is not dependant on who is at fault.
  • Uninsured Motorist Coverage – This pays for bodily damage if the other driver doesn’t have car insurance.
  • Personal Injury Protection Coverage – This covers the medical and funeral cost of the insured and others involved in the accident up to an agreed amount. Some states do not offer this type of car insurance.
  • Property Damage Liability – This will cover the cost if you damage someone else’s property, whether it is their car or something else, and will provide legal council if someone sues you.
  • Rental Car Reimbursement – If your car is damaged beyond use, your insurer will pay for a rental until your car is fixed or you get a new one.

All these types of insurance vary from one company to the next, and policies will be determined based on what is in each company’s contract.

The insurers will set their own prices for different types of coverage, so you should compare many car insurance companies before choosing one.

How can I get car insurance quotes for a Jeep Compass?

Car keys on a form.The average cost for car insurance for a Jeep Compass is $1,200 per year. This price will vary depending on the type of insurance you need and where you buy it.

Getting quotes for car insurance for your Jeep Compass is fast and easy.

Most insurance companies offer free quotes on their websites. All you have to do is fill out short forms about you and your car. Or there are websites where you can fill out one form and receive multiple quotes so you can compare prices more easily.

You’re on one of those sites now, so why not use it? Just enter your zip code below to access car insurance quotes from multiple companies today!

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