Jeep Car Insurance

Owned by multinational corporation Stellantis, Jeep is an automobile marque originating in the United States. Currently, its product range consists of sport utility vehicles, both crossover and off-road SUVs.

The company’s SUVs eventually became popular worldwide as it sold around 1.4 million of them in 2016.

By releasing Wrangler and Grand Cherokee models, Jeep entered the Indian commuter market directly in 2016. Prior to this, Jeep cars have been produced under the licence of Mahindra and Mahindra since the 1960s.

Furthermore, models like Jeep Compass and Wrangler are widely popular among Indian buyers. Owing to the demand, this company sold over 11,000 units in 2021.

Before purchasing a Jeep car model, you should know the risks and damages it is susceptible to in case of an accident. Considering this, you should obtain Jeep car insurance and reduce the financial burden that may arise from repairing such damages.

A well-rounded insurance policy for your Jeep car is available in two types- third-party and comprehensive. You can consider basic third-party insurance for Jeep cars and cover liabilities arising from third-party accidents.

Additionally, you can settle for comprehensive Jeep car insurance online and get coverage benefits against both third-party and own car damages. However, it is mandatory to possess at least a basic insurance plan for your Jeep car as per the Motor Vehicles Act, 1988. Without any insurance policy, you need to bear the damage repair costs from your pockets and also pay hefty traffic fines.

While choosing car insurance for Jeep, you can refer to a number of insurers and their respective plans. To streamline your options, you should consider comparing the plans with respect to their policy premiums and other service benefits.

In this regard, you can consider Digit insurance due to its reasonable Jeep car insurance price, online claim procedure, No Claim benefits and an endless list of other features. Thus, before making an informed decision regarding your Jeep car insurance, you might want to refer to Digit’s offerings.

Following are the Add-ons for Jeep Car Insurance:

• Zero Depreciation Cover
• Return to Invoice Cover
• Tyre Protect Cover
• Breakdown Assistance
• Consumable Cover
• Engine and Gear-box Protection Cover
• Daily Conveyance Benefit
• Key and Lock Protect
• Loss of Personal belongings
• Pay as you drive Cover
• EV Shield Add-on Cover

Doesn’t it feel good when you rule the roads driving a grand and imposing car? Affirmative, you would be in for this. Owning a Jeep is to take pleasure in this accomplishment. Though they were making cars with Mahindra and Mahindra since the 1960s, but they entered India directly in the year 2016. And this became the most pleasant decision for the company. 

Buyers in India waited and welcomed the brand with an open heart. Jeep launched four models in our country that includes Compass, Wrangler, Cherokee, and Compass Trailhawk. The cheapest model of the brand (Compass) comes for Rs.14.99 lakhs. Talking about the highest model Jeep Grand Cherokee, the car is available at Rs.1.14 crores. Both models are available in diesel and petrol fuel types.

The cars became popular as soon as it was launched in the year 2016. And making the success story come to life, Jeep Compass was awarded as the ‘Car of the Year 2017’ by NDTV Car and Bike. And the same year it also won ‘SUV of the Year 2017’ by News18 Tech and Auto.

The annual maintenance cost of the Jeep is not high and the spare parts are also easily available. But because these cars are expensive, you must think about buying car insurance. Car Insurance is important for you as it is a legal offence to drive an uninsured car. 

Top Reasons to Buy Jeep Cars in India?

• Compact and Rugged yet Spacious: Take it for any ride and that too comfortably. Jeep gives you the privilege to drive you anywhere because the cars are small, rugged SUVs. But still, your Jeep is spacious and can help you store a lot of stuff. The floor space is good.
  
• Matter of Pride: Owning a Jeep is a matter of pride.
  
• Powerful: Jeep is a powerful SUV that has a 4X4 drive. The models have turbocharged engines that give you a smooth ride not only on highways but also in the cities. Cars from Jeep are versatile. Models like Compass and Cherokee come with two types of engine-petrol and diesel.
  
• Comfortable: You get Jeep with cruise control, 7-speaker stereo, two hooks, power steering, and fog lamps with many off-roading features.
  
• Safety Packed: The Jeep comes packed with 6 airbags, Lane Support System, Autonomous Emergency Braking, Anti-Lock Braking System with Electronic Brake-Force Distribution, and Traction Control. You also get Panic Brake Assist, Hill Start Assist, Electronic Roll Mitigation, and Disc Brakes on all four wheels. Jeep also offers reverse parking assist, child seat anchors, and dual-zone climate control.
  
• Drive Modes: You get a Jeep with drive modes like Auto, Snow, Sand, and Mud, each programmed to ease the driving load in respective scenarios.
  
• Style and Looks: Jeep helps you give an imposing presence on the road. You get 7 grille front, sharp wheel arches, and well-rounded-off rears.
  

• Own Damage Repairs: Car Insurance Policy will pay you when your car needs repair due to a damage/loss. A loss may arise due to fire, theft, accident, and natural calamities. Keep in mind that these costs can be huge in case of a Jeep.
  
• Third-Party Legal Liability: If you happen to hurt someone or damage a third person’s property, then you are liable to pay for such losses. Your Car Insurance will pay for such losses.
  
• Legal Compliance: As per the Motor Vehicles Act, it is mandatory to have a Car Insurance. You are not allowed to drive a car without an insurance policy. And if you do so, you will attract a fine of Rs.2000/- and/or imprisonment of 3 months.
  
• Enhance the Basic Car Insurance Policy With Add-ons: When you own a Jeep, you will fall in love with it and it is obvious that you will want to protect your car from any possible mishap, so you can buy some add-on covers. It will help you protect your car for losses that are not covered under the basic comprehensive policy. 
  

Factors that Affect the Jeep Car Insurance Premium

• Age of the Vehicle: For a new vehicle, you may get a good discount on the car insurance premium. But for an old car, the premium will depend on the cost of repairs and the availability of spare parts.
  
• Engine Capacity: The third party component of the Car Insurance Premium depends on the Engine Capacity of the Car. Higher the CC, higher will be the premium. 
  
• Type of Insurance Policy: If you buy a Comprehensive Package Policy, the premium will be more because it covers both the Own Damage and Third-Party Liability. But if you choose a stand-alone TP Policy, the premium will be lower and will have one component of third-party coverage only.
  
• IDV: The declared value of the car for which you seek insurance directly impacts the premium of the car.
  
• Add-On Covers: Buying add-on covers will increase the premium as they come with  independent premiums.
  
• Age of the Car: The decreasing IDV and increasing depreciation cost may lead to a drop in your premium amount over the course of time.  
  
• No Claim Bonus: A claim-free year means you have taken good care of the car. It reflects your loyalty and no ill intentions to ask for a claim. Hence, the insurance company offers you a No Claim Bonus on the renewal.
  
• Location: Your location or the city you live in governs the premium. In a metropolitan city, the number of accidents will be higher due to the larger number of vehicles. Hence, the premium will be more.
  
• Security Devices: If your car is security enabled with alarms installed, then you will receive a discount. It will reduce the premium.
  
• Voluntary Deductible: When you agree to pay for a share in the claim amount, then it is called choosing a voluntary deductible. Higher voluntary deductible will lowers the premium and vice versa.
  

• Offers Simple Insurance: For your times of hurry, Digit Insurance promises to simplify the process of insurance. They allow you to buy insurance online with all the information available. Other than insurance purchase, the claim process is also easy. You can upload the documents at your end using your smartphone.
  
• Premium Rate: The premium rates offered by Digit Insurance are competitive. There are no hidden costs.
  
• Choice of Insurance Cover: There are two types of policies that you can choose from. One is a Comprehensive Package Policy which covers you for own damage, and third party losses. The other is a Standalone TP policy, which will pay for any liability incurred if you happen to cause bodily injury or property damage to others.
  
• Offers Add-on Covers: The insurance company offers add-on covers like Tyre Protect Cover, Zero Depreciation Cover, Breakdown Assistance, Engine and Gearbox Protection, and Consumable Cover. For Jeep, you can buy Breakdown Assistance Cover to seek help whenever required. With this add-on, you will not be stuck if your Jeep suffers from a breakdown while off-roading. You can also buy Zero Depreciation Cover to scratch the depreciation charged on your car and its parts and get the full value of repairs, costs of replacements during a claim. 
  
• Options to Customize IDV: Digit Insurance allows you to choose an IDV and pay premium accordingly. You can opt for a higher IDV for better protection.
  
• Wide Network of Garages: A wide network of cashless garages offers hassle-free repairs to you.
  
• High Claim-Settlement Ratio: Digit Insurance is quite fast in offering claim services with a very high claim settlement ratio.
  

Looking to reduce the premium paid towards your Jeep’s insurance? 

Following are a few ways to do so! 

• Choose a Higher Deductible: With your Jeep insurance, you will be required to pay a compulsory deductible as per IRADAI directives. Alongside this, you can choose to pay voluntary deductibles during a claim, by virtue of which you can reduce the premium paid towards the policy. 

• Avoid Making Small Claims: If you make claims for small damages, you miss your NCB and consequently do not enjoy any discounts on your premium. Therefore, if your car’s repair is not costing you much, it is better to avoid making claims. 

• Compare Premiums: Make sure you conduct proper research and choose the most affordable policy in the market. In this respect, Digit’s Jeep insurance policy (starting at Rs.2702) is cost-effective and offers maximum benefits.  

These are, thus, a few ways through which you can lower the premium for your Jeep insurance purchase or renewal. 

However, make sure you do not compromise on your policy benefits while seeking lower premiums payable! 

Happy driving!