2016 Jeep Grand Cherokee SRT Insurance Rates

Having to pay for pricey Jeep Grand Cherokee SRT insurance can drain your personal savings and require stricter spending habits. Performing a rate comparison is free and is an excellent way to ensure you are getting the best deal.

Having so many choices of insurance companies, it is hard for the average consumer to locate a lower cost insurance provider.

How insurance companies calculate Jeep Grand Cherokee SRT insurance rates

Many things are used in the calculation when you get a price on insurance. Most are fairly basic like your driving record, but other factors are less apparent like where you live or how financially stable you are.

The list below includes a few of the “ingredients” companies use to determine premiums.

  • Is you vocation costing you more? – Do you have a high-stress occupation? Occupations such as military generals, social workers and emergency personnel generally pay higher premiums than the average policyholder because of high stress levels and long work hours. Other occupations such as scientists, athletes and homemakers pay the least for Grand Cherokee SRT coverage.
  • Combine policies and save money – Most companies will give discounts to customers that purchase more than one policy. It’s known as a multi-policy discount. If you currently are using one company, consumers should still shop around to guarantee you are still saving the most. You may still be able to find a better deal by insuring with multiple companies.
  • How much liability – A critical coverage on your policy, liability insurance will protect you if you are ruled to be at fault for causing personal injury or damage in an accident. Your policy’s liability insurance provides for a legal defense which can be incredibly expensive. It is affordable coverage compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
  • Safer cars lower insurance rates – Safe vehicles tend to have better insurance rates. The safest vehicles result in less severe injuries and lower rates of occupant injuries means lower claim amounts and lower rates for you.
  • With age comes lower rates – Mature drivers are more responsible, tend to file fewer claims and are safer drivers.Youthful drivers have been known to be careless and easily distracted when driving and because of this, their insurance rates are much higher.
  • Don’t get traffic citations – How you drive impacts your car insurance rates tremendously. Careful drivers get better rates than people who have multiple driving citations. Even a single citation may increase your cost by twenty percent. People who have license-revoking citations such as DWI, reckless driving or hit and run convictions may find that they have to to prove financial responsibility with their state in order to legally drive a vehicle.
  • Get better rates if married – Your spouse may cut your premiums compared to being single. Marriage may mean you are more responsible and insurance companies like that married drivers tend to file fewer claims.
  • Your location is a factor – Having an address in a rural area can save you money when buying insurance. Residents of big cities have to deal with congested traffic and higher rates of accident claims. Fewer drivers means fewer accidents as well as less vandalism and auto theft.

Lower-cost car insurance quotes with discounts

Auto insurance companies do not advertise their entire list of discounts very clearly, so the list below details both well-publicized and the more hidden credits that you can use to lower your rates.

  • Service Members Pay Less – Being deployed in the military may qualify for rate reductions.
  • Bundle and Save – If you combine your home and auto policies with the same insurance company you could get a discount of 10% to 20% off each policy.
  • Life Insurance – Select car insurance companies reward you with a discounted rate on car insurance if you buy auto and life insurance together.
  • First Accident Forgiveness – This isn’t a discount exactly, but certain companies will let one accident slide without getting socked with a rate hike if you have no claims prior to being involved in the accident.
  • Driver Education Discount – Cut your cost by having your teen driver take driver’s ed class if it’s offered in school.
  • Switch and Save Discount – Select insurance companies give a discount for switching companies prior to the expiration date on your current policy. This discount can save up to 10%.

Discounts reduce rates, but you should keep in mind that most credits do not apply to the entire policy premium. Some only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any qualifying discounts will positively reduce the amount you have to pay.

A partial list of companies that may have most of these discounts may include but are not limited to:

If you need cheap car insurance quotes, ask every company which discounts you may be entitled to. Discounts might not be offered in your area. If you would like to choose from a list of providers with discount car insurance rates, click here.

Tailor your insurance coverage coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions can aid in determining whether or not you would benefit from an agent’s advice.

  • Can I get a multi-policy discount?
  • Can I rate high risk drivers on liability-only vehicles?
  • What can I do if my company denied a claim?
  • How can I get high-risk coverage after a DUI?
  • Does coverage extend to my business vehicle?
  • Am I covered when driving in Canada or Mexico?

If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area.

Specifics of your auto insurance policy

Knowing the specifics of auto insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages available from auto insurance companies.

Coverage for liability

Liability insurance will cover damage that occurs to people or other property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability can pay for things such as funeral expenses, bail bonds, repair costs for stationary objects, loss of income and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but you should buy higher limits if possible.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Jeep Grand Cherokee SRT.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for expenses such as dental work, surgery, EMT expenses, doctor visits and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive coverages

This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, rock chips in glass and damage from getting keyed. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Collision protection

Collision insurance will pay to fix damage to your Grand Cherokee SRT resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sustaining damage from a pot hole, colliding with another moving vehicle, sideswiping another vehicle, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.

Final thoughts

You just read a lot of tips how to reduce 2016 Jeep Grand Cherokee SRT insurance car insurance rates online. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the biggest savings come from a small mutual company. These smaller insurers may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

Budget-conscious 2016 Jeep Grand Cherokee SRT insurance can be sourced online and with local insurance agents, and you should compare rates from both to have the best rate selection. Some companies don’t offer online quoting and usually these small, regional companies only sell through independent insurance agents.

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