How Much Does 2007 HUMMER H2 Insurance Cost?

Searching for the cheapest insurance coverage rates for your HUMMER H2? Comparison shopping for more affordable Driversinsurance coverage may be slightly frustrating for beginners to online comparison shopping. With so many insurance agents and insurers available, it can quickly become a chore to compare prices.

You should make it a habit to do price comparisons once or twice a year since insurance prices are adjusted regularly by insurance companies. Just because you found the best quotes on H2 coverage two years ago you can probably find a lower rate today. There is a lot of bad advice regarding insurance coverage online, but we’re going to give you the best ways to reduce your insurance coverage bill.

Find discounts to get cheap insurance coverage rates

Insurance coverage is not cheap nor is it fun to buy but you may find discounts to cut the cost considerably. Some trigger automatically when you get a quote, but some need to be manually applied prior to getting the savings. If you’re not getting every credit possible, you could be getting lower rates.

  • Mature Driver Discount – Drivers over the age of 55 may qualify for better insurance coverage rates on H2 coverage.
  • Online Discount – Some larger companies will discount your bill up to fifty bucks get auto insurance over the internet.
  • Discount for Passive Restraints – Options like air bags or motorized seat belts can get savings of more than 20%.
  • Accident Forgiveness – Not a discount per se, but a handful of insurance companies will let one accident slide before raising your premiums so long as you haven’t had any claims for a set time period.
  • Telematics Discount – Drivers who agree to allow companies to look at vehicle usage by using a telematics device like Allstate’s Drivewise may see discounts if they have good driving habits.
  • Memberships – Being a member of qualifying clubs or civic groups can get you a small discount on your next renewal.
  • Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn a break if you buy some life insurance too.
  • Early Payment Discounts – By paying your entire bill at once instead of paying each month you may have a lower total premium amount.
  • ABS Braking Discount – Cars and trucks with ABS braking systems or traction control prevent accidents and the ABS can save up to 10%.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to use their safety belts can save a little on the premium charged for medical payments and/or PIP.

Remember that most of the big mark downs will not be given to the overall cost of the policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that adding up those discounts means a free policy, nobody gets a free ride.

A partial list of companies that possibly offer most of these discounts possibly include:

Before buying, ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not be offered in your area. If you would like to view companies that offer many of these discounts, follow this link.

Finding insurance

When shopping for affordable auto insurance quotes, there are a couple of ways of comparing price quotes from different insurance companies. One of the best ways to comparison shop is to get quotes online. This can be done in a couple of different ways.

  1. Experts agree that the best way consumers can make multiple comparisons is a comparison rater form like this one (opens in new window). This form keeps you from doing a different quote to each individual insurance company. One form submission gets you coverage quotes direct from many companies. It’s the fastest way to compare.
  2. A more time consuming way to compare prices requires you to visit each company’s website and repeat the quote process again and again. For example, we’ll assume you want rates from Liberty Mutual, 21st Century and Geico. You would be required to spend time on each company’s site and enter your information, which can take a lot of time.

    For a list of links to companies insuring cars in your area, click here.

You can choose any of those ways to find more affodable coverage, but double check that you are using exactly the same quote information with each company. If your comparisons have different values for each quote it will be very difficult to determine which company has the best rates. Having just a slight variation in coverage limits can make a big difference in price. It’s important to know that comparing all the rates in your area will improve the odds of getting more affordable rates.

Eight factors that impact insurance prices

Smart consumers have a good feel for some of the elements that help calculate insurance coverage rates. If you know what positively or negatively impacts your premiums, this empowers consumers to make smart changes that will entitle you to cheaper rates.

The itemized list below are some of the things used by your company to calculate your rates.

  • High coverage deductibles lower rates – Your deductibles are the amount of money you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage, aka comp and collision, insures against damage to your car. A few examples of covered claims are colliding with a stationary object, damage caused by hail, and damage caused by road hazards. The more damage repair cost you are required to pay out-of-pocket, the less your company will charge you for insurance on H2 coverage.
  • Where you call home is a factor – Being located in small towns and rural areas is a good thing if you are looking for the lowest rates. Residents of big cities regularly have more auto accidents and higher rates of accident claims. Fewer people means fewer accidents in addition to fewer liability claims.
  • Drive less and get lower prices – Driving more miles in a year’s time the more you will pay for insurance coverage. A lot of companies charge rates based on their usage. Vehicles used primarily for pleasure use can be on a lower rate level than those used for commuting. Incorrect rating for your H2 can result in significantly higher rates. It’s a smart idea to ensure your insurance coverage policy states the correct usage, because improper ratings can cost you money.
  • Get hitched and pay less – Your spouse helps lower the price when buying insurance coverage. It generally demonstrates drivers are more mature and responsible and insurance companies reward insureds because being married results in fewer claims.
  • Don’t abuse insurance claims – If you file a lot of claims you can expect either a policy non-renewal or much higher rates. Car insurance companies provide discounts to drivers who are claim-free. Auto insurance is intended for claims that you cannot pay yourself.
  • Premiums are lower the older you get – More experienced drivers are more responsible, tend to cause fewer accidents and receive fewer citations.Teen drivers are statistically shown to be inattentive behind the wheel and because of this, their insurance coverage rates are much higher.
  • Vehicle features can affect rates – Owning a car with an alarm system can get you a discount on your insurance coverage. Systems that thwart theives such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can help prevent auto theft.
  • Better drivers pay lower rates – Having a clean driving record impacts premiums far more than you think. Careful drivers receive lower rates than bad drivers. Having a single driving citation may increase your cost substantially. Drivers unfortunate enough to have careless violations such as reckless driving or DUI might be required by their state to submit a SR-22 form with their state’s licensing department in order to legally drive a vehicle.

Tailor your insurance coverage to you

When choosing proper insurance coverage, there really is no cookie cutter policy. Each situation is unique.

For instance, these questions can aid in determining if your situation may require specific advice.

  • Can I afford to buy a different vehicle if my 2007 HUMMER H2 is totaled?
  • Do I need replacement cost coverage?
  • Is a blown tire covered by insurance?
  • Will filing a claim cost me more?
  • When should my teen driver be added to my policy?
  • What can I do if my company denied a claim?
  • Does insurance cover damages from a DUI accident?
  • Is there coverage for injuries to my pets?

If you’re not sure about those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, complete this form.

Save $428 a year? Really?

Big name companies like State Farm and Allstate endlessly run television, radio, and online ads. They all convey the message that drivers can save some big amount if you switch to their company. It sounds good, but how can they all charge less that you’re paying now? Just pay attention to how they say it.

Companies have a preferred profile for the type of driver that will most likely be profitable. A good example of this type of insured might have to be between the ages of 30 and 45, has a clear driving record, and drives newer vehicles. Any person that fits those parameters is entitled to the best price and will save money with a new company.

Insureds who do not meet these stringent criteria may be required to pay a higher premium and this results in the driver buying from a lower-cost company. The trick is to say “drivers that switch” not “all people who quote” save that much money. This is how insurance companies can confidently make the claims of big savings. Because every company is different, drivers should get auto insurance quotes from several different companies. Because you cannot predict the company that will have the lowest rates.

Learn about insurance coverages for a 2007 HUMMER H2

Knowing the specifics of insurance can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Coverage for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for X-ray expenses, prosthetic devices, nursing services, hospital visits and pain medications. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers 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 should not be overlooked.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a broken windshield, damage from flooding, hitting a deer and falling objects. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverage – Collision insurance covers damage to your H2 resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like crashing into a building, sideswiping another vehicle, scraping a guard rail, rolling your car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.

Liability auto insurance – Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things like loss of income, attorney fees, bail bonds and pain and suffering. How much coverage you buy is up to you, but consider buying higher limits if possible.

Do the work, save more money

Throughout this article, we presented many ideas to get a better price on 2007 HUMMER H2 insurance. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable auto insurance. You may be surprised to find that the lowest premium rates are with a small mutual company.

There are still a few companies who do not offer rate quotes online and many times these smaller providers work with independent agents. Lower-priced 2007 HUMMER H2 insurance can be sourced both online in addition to many insurance agents, and you should be comparing both in order to have the best chance of saving money.

When shopping online for car insurance, it’s very important that you do not reduce needed coverages to save money. In many cases, someone sacrificed comprehensive coverage or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the lowest possible cost while still protecting your assets.

More information is available on the following sites: