2004 HUMMER H2 Car Insurance Cost

Want cheaper auto insurance rates for your HUMMER H2? If you’re new to shopping for auto insurance online, you can be overwhelmed by the sheer number of online auto insurance companies and websites offering insurance.

You should make it a habit to compare prices every six months because prices are usually higher with each renewal. Just because you found the best deal on H2 coverage a few years ago you can probably find a lower rate today. There is too much inaccurate information about auto insurance on the internet, so with this article, you’re going to get some good information on how to buy auto insurance cheaper.

This information will instruct you on how to effectively get price quotes. If you have car insurance now, you will be able to reduce your rates substantially using this information. But vehicle owners do need to learn the way insurance companies sell insurance online because it can help you find the best coverage.

Vehicle Insurance Comparison

There are several ways to compare rate quotes and find the best price. The easiest way to find competitive 2004 HUMMER H2 insurance rates involves getting comparison quotes online. This is very easy and can be done in a couple of different ways.

  1. The most efficient way consumers can analyze rates is a comparison rater form click to view form in new window. This form saves time by eliminating a different quote for each company you want a rate for. One form will return quotes from many national carriers. It’s the fastest way to compare.
  2. Another way to compare rate quotes is going to the website for every company you want to comare to request a price quote. For examples sake, let’s assume you want rates from Auto-Owners, Esurance and State Farm. To get each rate you have to go to every website to input your insurance information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.

It doesn’t matter which method you choose, just make sure you use apples-to-apples coverage limits on every quote. If you are comparing different limits and deductibles on each one you can’t possibly determine the lowest rate for your HUMMER H2. Just a small difference in insurance coverages can mean a large discrepancy in price. And when quoting car insurance, remember that quoting more will improve the odds of getting a better price.

How much can you save with discounts?

Car insurance can cost a lot, but you may find discounts that you may not know about. Certain discounts will be applied when you complete an application, but lesser-known reductions have to be specifically requested before you will receive the discount.

  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of more than 20%.
  • No Claims – Drivers who don’t have accidents can save substantially as compared to bad drivers.
  • Distant Student – Kids in college who live away from home without a vehicle on campus may be able to be covered for less.
  • Own a Home – Simply owning a home may trigger a auto insurance policy discount because owning a home shows financial diligence.
  • Seat Belt Usage – Drivers who require all occupants to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
  • Good Students Pay Less – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • Multiple Policy Discount – If you insure your home and vehicles with one company you may earn 10% to 20% off each policy.

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. A few only apply to specific coverage prices like liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, you won’t be that lucky. But all discounts will help reduce your overall premium however.

Car insurance companies that may have some of the above discounts are:

It’s a good idea to ask each company what discounts are available to you. Savings may not be available in your state.

How much car insurance do I need?

When buying the right insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is a little different.

Here are some questions about coverages that may help highlight if your insurance needs would benefit from professional advice.

  • Do I need motorclub coverage?
  • Can I drive in Mexico and have coverage?
  • Are rock chip repairs covered?
  • Does medical payments coverage apply to all occupants?
  • How much liability insurance is required?
  • How high should deductibles be on a 2004 HUMMER H2?
  • Do I really need UM/UIM coverage?
  • Why do I need rental car insurance?
  • Is upholstery damage covered by car insurance?

If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form.

Parts of the HUMMER H2 rate equation

Consumers need to have an understanding of some of the elements that help determine your auto insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that could result in much lower annual insurance costs.

The following are some of the factors that factor into premiums.

  • Do you have enough liability coverage? – The liability section of your policy is the protection if a court rules you are at fault for damages from an accident. Liability provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not skimp.
  • More miles equals more premium – The higher the mileage driven every year the higher your rates will be. Almost all companies apply a rate determined by how the vehicle is used. Vehicles used primarily for pleasure use qualify for better rates than those used for commuting. Improper usage on your H2 may be wasting your money. Double check that your auto insurance declarations sheet is rated on the correct usage for each vehicle.
  • With age comes lower rates – Teenage drivers are known to be less responsible when driving so they pay higher auto insurance rates. Parents adding a youthful driver onto a policy can really hurt. More mature drivers tend to be more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • A lapse in coverage is a bad thing – Driving with no insurance is a misdemeanor and as a result your rates will increase for letting your insurance expire. Not only will you pay more, but being ticketed for driving with no insurance might get you a license revocation or jail time.

Auto insurance specifics

Having a good grasp of a auto insurance policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your HUMMER H2.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like pain medications, prosthetic devices and rehabilitation expenses. They are utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as scraping a guard rail, crashing into a ditch, damaging your car on a curb and backing into a parked car. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

Liability coverage

Liability coverage will cover damage or injury you incur to a person or their property that is your fault. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims like repair bills for other people’s vehicles, pain and suffering, loss of income and legal defense fees. How much liability should you purchase? That is up to you, but buy as large an amount as possible.

Comprehensive insurance

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, vandalism, hitting a deer, a broken windshield and fire damage. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

One last thing

Consumers switch companies for many reasons like extreme rates for teen drivers, being labeled a high risk driver, policy cancellation or not issuing a premium refund. It doesn’t matter why you want to switch finding the right auto insurance provider is actually quite simple.

Cheaper 2004 HUMMER H2 insurance can be found both online in addition to many insurance agents, and you need to price shop both to get a complete price analysis. There are still a few companies who do not provide online quoting and these regional insurance providers work with independent agents.

You just learned quite a bit of information on how to reduce insurance prices online. The key concept to understand is the more times you quote, the better likelihood of reducing your rate. You may even find the lowest premiums are with a lesser-known regional company.

More information can be found at the links below