Who Has the Cheapest Car Insurance Rates for a Jeep Grand Cherokee in Austin?

Finding cheap car insurance for a Jeep Grand Cherokee relies on many rating factors such as how safe your vehicle is, your credit status, and blemishes on your driving record. Texas drivers will pay on average $1,016 each year to insure their Grand Cherokee, but that amount is an estimate calculated using a 30-year-old married male driver with full coverage and $500 deductibles.

If we were betting, you are not 30 and maybe not even a male, you might be single instead of married, or maybe you need higher liability limits than the state minimum. Having the smallest difference in the rating criteria used to formulate rates can make a big difference in the policy cost.

Car insurance coverage is unique to each driver, so this is why the only way to find the cheapest insurance price for your Jeep is to compare rates from as many companies as possible.

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The specific trim level tends to have a direct effect on the coverage cost, so the rate you will pay to insure a Grand Cherokee Laredo 2WD will be $102 less expensive the price to insure the higher-end Grand Cherokee SRT-8 4WD model, as shown below.

Jeep Grand Cherokee Insurance Rates in Austin, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Grand Cherokee Laredo 2WD $240 $400 $382 $22 $114 $1,158 $97
Grand Cherokee Laredo 4WD $240 $400 $382 $22 $114 $1,158 $97
Grand Cherokee Limited 2WD $270 $472 $382 $22 $114 $1,260 $105
Grand Cherokee Limited 4WD $270 $472 $382 $22 $114 $1,260 $105
Grand Cherokee SRT-8 4WD $270 $472 $382 $22 $114 $1,260 $105
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rates do not factor in specific location information which can raise or lower insurance rates significantly.

Comparing rates for budget insurance is not easy, and deciding which company quotes the cheapest car insurance rates for a Jeep Grand Cherokee takes a little more work. Every auto insurer has a different formula to determine rates, so let’s begin by examining the lowest cost car insurance companies in Austin, TX.

Keep in mind that Texas car insurance rates are influenced by many factors that will increase or decrease the price you pay for coverage. This price variability is why it is important to do a thorough rate comparison when trying to get the lowest auto insurance quotes for a Jeep Grand Cherokee. Prices are determined by many risk factors and can increase or decrease at any time, so the best option when you last compared rates may now be quite expensive.

Best Cheap Insurance Rates for Your Jeep

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Travelers generally has some of the best car insurance rates in Austin at around $1,041 each year. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also some of the best Austin, TX car insurance companies.

As depicted above, if you currently have a policy with USAA and switched to Travelers, you could see yearly savings of roughly $87. Policyholders with Texas Farm Bureau might save as much as $194 a year, and Germania Mutual customers might lower prices by $241 a year.

Understand that those rates are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific zip code for a Jeep Grand Cherokee. So the car insurance company that has the cheapest price for you may not even be in the list above. That’s why you need to get rate quotes using your own specific driver information and vehicle.

Should you buy full coverage?

Buying cheaper car insurance is the goal of the majority of people, and one common way to find cheap insurance for a Jeep Grand Cherokee is to not buy comprehensive and collision coverage. The chart below illustrates the comparison of premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Texas. The costs are based on a clean driving record, no claims, $1,000 deductibles, single status, and no discounts are factored in.

Averaged for all age groups, full coverage costs $2,022 per year over and above liability only. That raises the question if full coverage is worth the money. There is no definitive rule for phasing out full coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

Why it’s important to shop around

Texas car insurance rates are influenced by many factors that control the cost of a policy. Getting older, buying a new vehicle, or getting a DUI can trigger changes in premium that may make certain companies more affordable than others. Not only may things change on your end, but insurance companies modify pricing every year as an adjustment for underwriting gains or losses. Larger than normal claims may cause higher rates, while lower claim expenses can result in lower-priced Grand Cherokee insurance rates.

The data below shows the cheapest car insurance in Austin, TX for a 45-year-old female driver with no prior accidents, a clean driving record, and good credit. If we estimate rates based on her personal risk profile, Travelers offers the best car insurance rates in Austin at $1,118 a year. This is $786 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and California Casualty are the remainder of the cheapest Austin, TX auto insurance companies.

Let’s now give the driver in the first example a claim surcharge, slightly worse credit, and a couple of points charged on her driving record. Since each company uses a different method to determining premium rates, getting updated rate quotes may now result in a completely different list of cheap Austin auto insurance companies as shown below.

Mercury now has the lowest price in Austin, TX with State Farm, Nationwide, Safe Auto, and USAA also having competitive pricing. This example illustrates why it is crucial to take the time to shop around when trying to find affordable insurance rates for a Jeep Grand Cherokee. Rates are impacted by many different factors and can increase or decrease at any time, so the cheapest option a year ago may now cost much more than other companies.