Compare 2009 HUMMER H2 Insurance Cost

Are you a victim of an overpriced insurance policy? Believe me when I say you’re not the only one.

Many insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to find the lowest rate possible.

If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using these techniques. Finding affordable coverage is easy if you know what you’re doing. But car owners do need to know how big insurance companies market insurance on the web and apply this information to your search.

Save with discounts on 2009 HUMMER H2 insurance

Insuring your vehicles can cost a lot, buy you may qualify for discounts to help bring down the price. Larger premium reductions will be automatically applied at quote time, but lesser-known reductions have to be specially asked for prior to getting the savings.

  • Accident Waiver – Some insurance companies will forgive one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
  • Discount for Good Grades – Performing well in school can save 20 to 25%. Earning this discount can benefit you up to age 25.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents may save up to 50% more for H2 coverage than drivers with accident claims.
  • Theft Prevention Discount – Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.
  • Safety Course Discount – Taking a course teaching defensive driving skills could save 5% or more depending on where you live.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use a seat belt could save 15% off your medical payments premium.
  • Discount for Swiching Early – A few companies offer discounts for switching to them before your current policy expires. The savings is around 10%.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, it just doesn’t work that way. But any discount will bring down the amount you have to pay.

For a list of providers with discount insurance rates, click here to view.

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

Consumers need to have an understanding of some of the elements that go into determining the price you pay for insurance coverage. Having a good understanding of what controls the rates you pay helps enable you to make changes that could result in better insurance coverage rates.

Listed below are a few of the “ingredients” that factor into premiums.

  • Your spouse saves you money – Having a wife or husband can get you a discount on insurance coverage. It usually means you are more responsible and statistics show married drivers get in fewer accidents.
  • Where you live can impact rates – Being located in less populated areas has it’s advantages when insuring your vehicles. Drivers in populated areas tend to have congested traffic and longer commutes to work. Lower population means fewer accidents and a lower car theft rate.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Occupations such as lawyers, business owners and dentists are shown to have the highest average rates in part from job stress and long work hours. Other jobs such as actors, historians and homemakers pay the least for H2 coverage.
  • Extra add-on coverages are wasting money – There are quite a few extra bells and whistles that can waste your money if you aren’t careful. Coverages like vanishing deductibles, accident forgiveness and additional equipment coverage may be wasting your money. These coverages may sound good when talking to your agent, but now you might not need them so get rid of them and save.
  • A clean driving record saves money – A bad driving record has a huge affect on how much you pay. Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Just one ticket can bump up the cost by twenty percent. If you have flagrant violations like DUI or reckless driving may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to keep their license.
  • Never allow your policy to lapse – Driving with no insurance is illegal and insurance coverage companies will penalize you for letting your coverage have a gap. Not only will rates go up, but being ticketed for driving with no insurance might get you a revoked license or a big fine.

Tailor your coverage to you

When it comes to buying adequate coverage, there really is not a “best” method to buy coverage. Everyone’s situation is unique so this has to be addressed. For instance, these questions might point out whether or not you would benefit from an agent’s advice.

  • What is the ISO rating for a 2009 HUMMER H2?
  • How high should my uninsured/underinsured coverage be in my state?
  • Why am I required to get a high-risk car insurance policy?
  • Are my tools covered if they get stolen from my vehicle?
  • How high should my medical payments coverage be?
  • Can I rate high risk drivers on liability-only vehicles?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Does my insurance cover a custom paint job?

If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Is there deception in advertising?

Auto insurance providers like State Farm, Geico and Progressive continually stream ads in print and on television. They all make the same claim that you can save after switching to their company. But how can every company make the same claim?

All the different companies have a certain “appetite” for the driver that earns them a profit. For example, a profitable customer could possibly be a mature driver, a clean driving record, and has a high credit rating. A customer getting a price quote that hits that “sweet spot” will get the preferred rates and most likely will save when they switch companies.

Consumers who fall outside the requirements must pay a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that kind of money. That is how companies can make those claims.

This illustrates why you should compare many company’s rates. It’s impossible to know the company that will provide you with the cheapest HUMMER H2 insurance rates.

Auto insurance coverage breakdown

Understanding the coverages of your auto insurance policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages offered by auto insurance companies.

Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like X-ray expenses, surgery, dental work, prosthetic devices and EMT expenses. They are utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants and also any damage incurred to your HUMMER H2.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive insurance – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like rock chips in glass, falling objects, hitting a bird and a broken windshield. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.

Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision coverage protects against claims like backing into a parked car, colliding with another moving vehicle and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Coverage for liability – Liability insurance protects you from damage that occurs to a person or their property in an accident. It protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability can pay for things like repair costs for stationary objects, legal defense fees and attorney fees. How much liability coverage do you need? That is a personal decision, but consider buying as much as you can afford.

One last thing

You just learned a lot of techniques to save on 2009 HUMMER H2 insurance. The key thing to remember is the more times you quote, the better your chances of lowering your rates. Drivers may discover the lowest rates come from some of the smallest insurance companies. Regional companies may often insure only within specific states and give getter rates than their larger competitors like Progressive and Geico.

Discount insurance is definitely available on the web and with local insurance agents, so compare prices from both in order to have the best chance of saving money. Some insurance companies do not offer the ability to get a quote online and these smaller companies work with independent agents.

Much more information about insurance is available at the links below