Cheap 2016 Jeep Grand Cherokee SRT Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 31, 2024

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Trying to find cheaper car insurance rates for your Jeep Grand Cherokee SRT? If you’ve never shopped for insurance coverage quotes online, you may be confused thanks to the huge assortment of insurance providers all advertising big savings.

It’s a good idea to shop coverage around quite often because car insurance rates change regularly. Even if you got the best premium rates for Grand Cherokee SRT insurance six months ago other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because you’re about to learn the quickest way to buy cheaper car insurance.

The purpose of this article is to help you learn how to effectively get price quotes and some money-saving tips. If you are paying for car insurance now, you will be able to cut costs considerably using these techniques. Although consumers benefit from understanding the methods companies use to price insurance differently and take advantage of how the system works.

Compare insurance rate quotes online

All major insurance companies like 21st Century, Allstate and State Farm give coverage price quotes online. This process is easy for anyone as all you need to do is type in your required coverages on the page. Once you submit the form, their quoting system will obtain your credit score and driving record and returns a price quote.

Online price estimates makes it a lot easier to compare rates but the time required to go to several different sites and enter the same data into a form gets old quite quickly. But it’s also necessary to compare as many rates as possible if you want to get better prices.

A better way to find better insurance pricing makes use of a single form to get prices from a lot of companies. The form is fast, eliminates form submissions, and makes quoting online much more efficient. After sending your information, it is rated and you can choose any or none of the quote results.

If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. The entire process can be completed in a matter of minutes and you will know how your current rates stack up.

To save time and find out how much you’re overpaying now, simply enter your zip code here and input your coverage information. To compare your current rates, we recommend you input identical to your current policy. This guarantees you will receive comparison quotes for similar coverage.

Don’t overlook these insurance discounts

Insurance is neither fun to buy or cheap, but you may be missing some discounts that can drop the cost substantially. Certain discounts will be applied when you purchase, but less common discounts must be requested specifically before you will receive the discount.

  • Data Collection Discounts – Drivers that enable data collection to study when and where they use their vehicle by using a small device installed in their vehicle such as State Farm’s In-Drive could see a rate decrease if they have good driving habits.
  • Resident Student – Youth drivers who are attending college without a vehicle on campus may be insured at a cheaper rate.
  • Mature Driver Discount – Drivers over the age of 55 may be able to get lower premium rates for Grand Cherokee SRT insurance.
  • Claim-Free Discount – Drivers with accident-free driving histories can earn big discounts when compared with drivers who are more careless.
  • Payment Method – By making one initial payment instead of making monthly payments you can avoid monthly service charges.
  • No Charge for an Accident – This one is not really a discount per se, but a handful of insurance companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims for a specific time period.
  • Fewer Miles Equal More Savings – Maintaining low annual mileage can earn slightly better insurance rates than normal.
  • Driver Safety – Taking a course in safe driver could cut 5% off your bill if your company offers it.

As a sidenote, most discounts do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you could get a free insurance policy, companies wouldn’t make money that way.

Larger insurance companies and some of the discounts can be found below.

  • Mercury Insurance offers discounts for multi-policy, ease of repair, good student, age of vehicle, and anti-theft.
  • Farmers Insurance may include discounts for homeowner, business and professional, distant student, pay in full, and electronic funds transfer.
  • Farm Bureau includes discounts for multi-policy, driver training, renewal discount, 55 and retired, safe driver, and youthful driver.
  • State Farm offers discounts including good student, defensive driving training, multiple autos, driver’s education, student away at school, passive restraint, and Drive Safe & Save.
  • Allstate may offer discounts for auto/life discount, new car, resident student, teenSMART discount, and multi-policy.
  • GEICO has savings for membership and employees, multi-policy, federal employee, emergency military deployment, and five-year accident-free.

If you are trying to find cheap insurance coverage quotes, ask each company or agent to apply every possible discount. Some of the earlier mentioned discounts may not apply to policyholders in your area. To find insurance companies with the best insurance discounts, enter your zip code here.

Learn how to find auto insurance for less

An important part of buying insurance is that you know the factors that go into determining your auto insurance rates. When you understand what determines premiums, this enables you to make decisions that may result in big savings. Lots of things are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like your driving record, although some other factors are more transparent such as whether you are married or how financially stable you are.

  • Marriage pays dividends – Having a wife or husband may cut your premiums on your auto insurance policy. Having a spouse may mean you are less irresponsible and it’s proven that drivers who are married are more cautious.
  • Liability protection is peace of mind – Liability coverage is the coverage that protects you if ever you are ruled to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides legal defense coverage which can cost a lot. Liability insurance is pretty cheap compared to comp and collision, so drivers should carry high limits.
  • Annual miles impacts rates – The higher the miles on your Jeep each year the higher the price you pay to insure it. Many insurance companies apply a rate based upon how you use the vehicle. Cars used primarily for pleasure use can get a lower rate than those used for commuting. It’s a smart idea to ensure your declarations sheet shows the correct driver usage, because it can save money. Improper usage on your Grand Cherokee SRT may be wasting your money.
  • Policy lapses lead to higher auto insurance rates – Going without insurance will be a guaranteed way to increase your auto insurance rates. Not only will you pay higher rates, failure to provide proof of insurance could result in a license revocation or jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Gals tend to be lower risk – Over the last 50 years, statistics have shown that females take fewer risks when driving. However, this does not mean females are better at driving than males. Women and men tend to get into auto accidents in similar numbers, but the men have accidents that have higher claims. Men also statistically receive more major tickets like driving under the influence (DUI).
  • Can a thief steal your car? – Selecting a car model with advanced anti-theft systems can save you some money. Anti-theft features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder car theft.
  • Only buy what you need – There are a ton of additional coverages that can waste your money if you don’t pay attention. Insurance for things like replacement cost coverage, towing coverage, and term life insurance may not be needed and are just wasting money. These coverages may sound good when buying your policy, but now you might not need them so think about removing them and cutting costs.
  • Pay more of a claim out-of-pocket – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your Jeep. Examples of covered claims could be collision with another vehicle, collision with an animal, or theft. The deductibles you choose are the amount of money the insured will be required to pay in the event of a claim. The higher the amount you’re willing to pay, the better rate you will receive for Grand Cherokee SRT insurance.

When to get professional advice

When it comes to choosing adequate coverage, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions can help discover whether you might need professional guidance.

  • Can I afford low physical damage deductibles?
  • Do I need PIP coverage since I have good health insurance?
  • Should I have a commercial auto policy?
  • Does my liability insurance cover pulling a trailer or camper?
  • Why am I required to buy high-risk coverage?
  • Am I getting all the discounts available?
  • Will I lose any money if I cancel my policy before it expires?
  • What vehicles should carry emergency assistance coverage?
  • Should I sign the liability waiver when renting a car?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, take a second and enter your zip code.

Car insurance coverage considerations

Knowing the specifics of your policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, falling objects and fire damage. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for expenses for funeral costs, dental work, nursing services and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family and damage to your Jeep Grand Cherokee SRT.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time the UM/UIM limits do not exceed the liability coverage limits.

Liability auto insurance

This provides protection from damages or injuries you inflict on other’s property or people. This insurance protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as repair costs for stationary objects, bail bonds and funeral expenses. How much coverage you buy is your choice, but buy as high a limit as you can afford.

Collision protection

Collision coverage covers damage to your Grand Cherokee SRT resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things like scraping a guard rail, crashing into a building, damaging your car on a curb, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible in order to get cheaper collision rates.

A penny earned…

Insureds change insurance companies for a variety of reasons including high prices, denial of a claim, unfair underwriting practices and questionable increases in premium. No matter why you want to switch, choosing a new company can be easier than you think.

We’ve covered a lot of techniques to reduce 2016 Jeep Grand Cherokee SRT insurance car insurance rates online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the lowest car insurance rates come from a small mutual company.

When you buy insurance coverage online, it’s a bad idea to skimp on coverage in order to save money. There have been many cases where an accident victim reduced liability coverage limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to find the BEST coverage at the best cost while not skimping on critical coverages.

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