Cheap 2003 HUMMER H2 Insurance Rates

Sick and tired of scraping the payment together to insure your HUMMER every month? You are no different than many other drivers. You have multiple insurance companies to buy insurance from, and although it’s nice to have multiple companies, it can be more challenging to compare company pricing.

How to Compare Auto Insurance Costs

Comparing auto insurance rates can be a daunting task if you don’t know the best way to get rate quotes. You can waste a few hours (or days) driving to local insurance agents in your area, or you can utilize online quotes to maximize your effort.

Many insurance companies belong to a marketplace where insurance shoppers only type in their quote data once, and each company can provide price quotes determined by their information. This system prevents you from having to do quotation requests for every auto insurance company.

To fill out one form to compare multiple rates now click here to start a free quote.

The only drawback to doing it this way is that consumers can’t choose which insurance companies you want to price. So if you want to choose specific providers to receive pricing from, we have assembled a list of the cheapest auto insurance companies in your area. Click to view list.

It’s up to you which method you use, but compare identical information for every company. If you compare unequal deductibles or liability limits it will be next to impossible to determine the best price for your HUMMER H2.

Do drivers who switch really save?

Consumers constantly see and hear ads that promise big savings from the likes of Allstate, GEICO and Progressive. They all seem to have a common claim of big savings if you move your coverage to them.

How can each company make almost identical claims? This is how they do it.

All the different companies are able to cherry pick for the driver that makes them money. An example of a driver they prefer could be over the age of 40, insures multiple vehicles, and has great credit. A driver who fits that profile will qualify for the lowest rates and as a result will probably cut their rates substantially.

Potential insureds who do not match the requirements will be quoted a higher premium and ends up with business not being written. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That’s why insurance companies can make those claims.

This emphasizes why you absolutely need to get as many comparisons as possible. Because you never know the company that will give you the biggest savings on HUMMER H2 insurance.

HUMMER H2 rates are complex

Smart consumers have a good feel for the different types of things that go into determining car insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that will entitle you to lower car insurance prices.

  • Better crash test results mean better rates – Vehicles with good safety scores are cheaper to insure. Safer cars protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims passed on to you as lower rates. If your HUMMER H2 earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • With age comes lower rates – Young drivers are known to get distracted easily when driving so they pay higher car insurance rates. Parents adding a young driver onto a policy can really hurt. More mature drivers are more responsible, tend to cause fewer accidents and get fewer tickets.
  • More miles equals more premium – The more you drive each year the higher your rates will be. The majority of insurers rate vehicles determined by how the vehicle is used. Cars not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. An improperly rated H2 may be costing you. Ask your agent if your car insurance policy properly reflects the correct driver usage, because improper ratings can cost you money.
  • No coverage gaps is important – Driving without insurance is against the law and you will pay a penalty because you let your coverage lapse. Not only will you pay more, but not being able to provide proof of insurance may earn you a revoked license or a big fine.You may need to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Bad driving skills means higher rates – Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Only having one speeding ticket can bump up the cost by as much as thirty percent. Drivers with flagrant tickets like DUI or reckless driving are required to file a SR-22 to the state department of motor vehicles in order to keep their license.
  • Do you know your deductibles? – Your deductibles define the amount you are required to spend if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. A few examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more expense you have to pay, the bigger discount you will receive on H2 coverage.
  • Your location is important – Residing in a small town can be a good thing when it comes to car insurance. Less people living in that area means fewer accidents and also fewer theft and vandalism claims. City drivers have to deal with much more traffic to deal with and longer commute times. More time on the road means higher likelihood of an accident.

Take discounts and save

Car insurance is not cheap, but there are discounts available that many people don’t even know exist. Most are applied when you quote, but lesser-known reductions have to be specially asked for before you get the savings. If you aren’t receiving every discount possible, you’re paying more than you need to.

  • Student Driver Training – Have your child complete a driver education course if it’s offered in school.
  • Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less on H2 coverage than less cautious drivers.
  • Multi-car Discount – Buying insurance for more than one vehicle on the same car insurance policy may reduce the rate for each vehicle.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
  • Accident Free – Good drivers with no accidents can earn big discounts when compared with bad drivers.
  • Defensive Driver – Completing a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of more than 20%.
  • Accident Waiver – A handful of insurance companies will forgive one accident without raising rates if you are claim-free for a certain period of time.
  • Good Students Pay Less – Performing well in school can save 20 to 25%. Earning this discount can benefit you until age 25.
  • Low Mileage Discounts – Keeping the miles down on your HUMMER can qualify you for better rates on cars that stay parked.

As a disclaimer on discounts, some credits don’t apply to your bottom line cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears adding up those discounts means a free policy, companies don’t profit that way. But all discounts will cut the cost of coverage.

Car insurance companies that possibly offer these money-saving discounts include:

Before buying, ask all companies you are considering which discounts you may be entitled to. All car insurance discounts may not be available in every state.

Which policy gives me the best coverage?

When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Every situation is different so this has to be addressed. For example, these questions may help you determine whether you could use an agent’s help.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Is my 2003 HUMMER H2 covered for flood damage?
  • Does my 2003 HUMMER H2 need full coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • When should my teen driver be added to my policy?
  • Does my policy cover my teen driver if they drive my company car?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage options for a 2003 HUMMER H2

Understanding the coverages of insurance can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages found on most insurance policies.

Collision coverages – This coverage covers damage to your H2 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like backing into a parked car, sustaining damage from a pot hole and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Auto liability insurance – Liability coverage protects you from damage that occurs to other’s property or people by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability insurance covers things like bail bonds, repair costs for stationary objects, court costs and emergency aid. How much coverage you buy is up to you, but you should buy higher limits if possible.

Uninsured and underinsured coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2003 HUMMER H2.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive coverages – Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things such as falling objects, damage from flooding, hitting a deer and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like prosthetic devices, rehabilitation expenses, hospital visits, doctor visits and pain medications. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible

Be a Smart Shopper

Lower-priced 2003 HUMMER H2 insurance can be sourced both online and with local insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

In this article, we presented a lot of information how to get a better price on insurance. The most important thing to understand is the more rate comparisons you have, the better likelihood of reducing your rate. You may even find the lowest premiums are with a small mutual company. Smaller companies often have lower prices on specific markets than the large multi-state companies such as Progressive and GEICO.

To read more, link through to the articles below: