Are Your Hummer H2 Car Insurance Rates Draining Your Savings?

Paying for high-priced Hummer H2 insurance can take a big chunk out of your checking account and make it impossible to make ends meet. Comparing price quotes is free and is an excellent way to tighten up your finances.

Lots of auto insurance companies contend for your hard-earned dollar, so it can be very hard to choose a insurer and get the best coverage at the lowest price

Why you might be paying too much to insure your Hummer H2

An important part of buying insurance is that you know the rating factors that help determine car insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that could result in lower car insurance prices.

Choose a safe vehicle and save – Safer cars get lower rates. Safe vehicles have better occupant injury protection and lower injury rates means less money paid by your insurance company and thus lower rates. If the Hummer H2 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
Men are more aggressive – Statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. Both sexes tend to get into accidents in similar numbers, but men cause more damage. Men also get cited for more serious violations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
Do you qualify for a multi-policy discount? – Many insurers will give a discount to customers who have multiple policies with them in the form of a multi-policy discount. Even with this discount, you still need to shop around to make sure you are getting the best deal.
Higher deductibles cost less – The deductibles define the amount you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, damage from fire, and rolling your vehicle. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance for H2 insurance.
Clean credit earns discounts – Your credit score is a large factor in determining what you pay for car insurance. If your credit rating is lower than you’d like, you could potentially save money when insuring your Hummer H2 by repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with poor credit.
The more you drive the more you pay – The more you drive every year the more you will pay for car insurance. Most companies rate vehicles based on how the vehicle is used. Vehicles that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Improper usage on your H2 can cost quite a bit. Verify your car insurance policy properly reflects the correct driver usage.

Pay less by taking advantage of discounts

Auto insurance companies don’t always advertise every discount very clearly, so we took the time to find some of the best known and the harder-to-find ways to save on car insurance.

One Accident Forgiven – A few companies allow you one accident before your rates go up if your claims history is clear for a certain period of time.
Drivers Education – Require your teen driver to take driver’s ed class in school.
Seat Belts Save – Requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.
Discount for Good Grades – Performing well in school can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
Drive Less and Save – Fewer annual miles on your Hummer can earn discounted rates on garaged vehicles.
Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
Safety Course Discount – Taking part in a driver safety course could cut 5% off your bill if you qualify.
Senior Citizens – Older drivers can possibly qualify for a discount up to 10% for H2 insurance.
More Vehicles More Savings – Having multiple cars or trucks on the same car insurance policy can get a discount on all vehicles.

It’s important to understand that many deductions do not apply the the whole policy. The majority will only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, it just doesn’t work that way.

To see a list of companies with the best car insurance discounts, click here to view.

What about using a local agent?

Certain consumers prefer to talk to a local agent and that is OK! One of the great benefits of comparing insurance prices online is that you can obtain lower rates and still choose a local agent.

Once you complete this quick form, your insurance coverage information is immediately sent to participating agents who will compete for your insurance coverage. You don’t have to leave your house because quoted prices will be sent immediately to your email address. Now that’s easy! It’s the lowest rates AND an agent nearby.

Picking an provider shouldn’t rely on just the price. Here are some questions to ask:

Are you getting all the discounts the company offers?
Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
Do they specialize in personal lines coverage?
Which insurance companies are they affiliated with?
How long has their agency been in business?

The different types of insurance agents

When researching a good insurance agency, you need to know there are two different agency structures to choose from. Agents are either captive or independent (non-captive).

Captive Insurance Agents

These agents work for only one company and examples are American Family, State Farm and Allstate. They usually cannot compare other company’s rates so keep that in mind. Captives receive extensive training in insurance sales which helps them sell insurance even at higher premiums.

Independent Agencies or Brokers

Independent insurance agents are not locked into one company but instead can place your coverage with many different companies depending on which coverage is best. To transfer your coverage to a different company, an independent agent can move your coverage and you won’t have to switch agencies.

When searching for an agent, it’s a good idea to include at least one independent agent for maximum quote selection.

To view a complete directory of agencies, click here.

Upon receiving satisfactory answers and a good coverage price, most likely you have located an insurance agent that is a good match to service your policy.

Save $483 a year? Really?

Car insurance companies such as GEICO, State Farm and Progressive constantly bombard you with television and radio advertisements. They all seem to say the same thing of big savings if you switch your policy. How do they all say the same thing?

All the different companies have a certain “appetite” for the type of driver they prefer to insure. A good example of a preferred risk could be over the age of 40, owns a home, and chooses high deductibles. A customer who meets those qualifications will get the preferred rates and is almost guaranteed to save when they switch companies.

Drivers who do not match this ideal profile must pay higher rates which leads to business not being written. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can make those claims. This illustrates why drivers should get a wide range of price quotes. You cannot predict the company that will provide you with the cheapest rates.

What is the best insurance coverage?

When buying coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that may help highlight whether your personal situation would benefit from professional advice.

Can I still get insurance after a DUI?
What should my uninsured motorist coverage limits be in my state?
What are the financial responsibility laws in my state?
Does my car insurance cover rental cars?
Who is covered by my policy?
Do I need higher deductibles?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Do the work, save more money

When shopping online for car insurance, it’s a bad idea to buy poor coverage just to save money. There have been many cases where an insured cut uninsured motorist or liability limits only to regret at claim time that it was a big mistake. Your strategy should be to find the BEST coverage at a price you can afford.

The cheapest Hummer H2 insurance is possible both online and also from your neighborhood agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.