2004 HUMMER H1 Car Insurance Quotes – 5 Ways to Save

Finding cheaper prices on insurance coverage might be hard for beginners to quoting and comparing rates online. Drivers have so many choices that it can quickly become a real hassle to find the best price.

If you are paying for car insurance now, you will be able to save some money using these tips. Locating the cheapest coverage can be fairly easy. Nevertheless, vehicle owners do need to understand the way companies sell insurance online and take advantage of how the system works.

The method we recommend to get policy rate comparisons takes advantage of the fact car insurance companies participate in a system to give you rate quotes. The only thing you need to do is provide information including if you have a valid license, how much you drive, if a SR-22 is needed, and level of coverage desired. The data is submitted instantly to insurance carriers in your area and they return quotes almost instantly.

But they said I’d save $410 a year!

Respected companies like State Farm, GEICO and Progressive consistently run ads on television and other media. They all make the same claim about how much you will save just by moving your coverage. How is it plausible that every one can say the same thing? It’s all in the words they use.

Different companies can use profiling for the type of customer that will add to their bottom line. One example of a profitable risk profile might have to be over the age of 50, has no prior claims, and drives newer vehicles. A driver that meets those criteria will probably get cheap premium rates and most likely will save money with a new company.

Consumers who do not meet this stringent profile will be quoted higher premiums which usually ends up with business going elsewhere. If you listen to the ad wording, they say “customers that switch” but not “everyone who gets a quote” will save that much if they switch. That’s why insurance companies can advertise the savings.

Because of the profiling, you absolutely need to get insurance coverage quotes from several different companies. It is impossible to guess which company will provide you with the cheapest auto insurance rates.

Five discounts for cheap auto insurance quotes

Auto insurance is not inexpensive, but you may be missing some discounts that you may not even be aware of. Certain discounts will be applied when you purchase, but some may not be applied and must be inquired about before they will apply. If you don’t get every credit you qualify for, you could be getting lower rates.

  • Discount for Multiple Policies – If you can combine your auto and homeowners policy with one company you may save up to 20% off your total premium.
  • Life Insurance Discount – Not all auto insurance companies offer life insurance, but some may give you a discount if you purchase a life insurance policy as well.
  • Accident-Free Discounts – Insureds who avoid accidents and claims pay much less in comparison to accident-prone drivers.
  • Good Students Pay Less – Excelling in school could provide a savings of up to 20% or more. This discount can apply up until you turn 25.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles are stolen less frequently and will save you 10% or more.

As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Some only reduce specific coverage prices like collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, you aren’t that lucky.

To see insurers that provide some of the discounts listed above, follow this link.

You may need specialized insurance coverage

When choosing proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Each situation is unique.

For example, these questions may help highlight whether your personal situation might need professional guidance.

  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Will filing a claim cost me more?
  • Am I covered when driving a rental car?
  • Do I need special endorsements for business use of my vehicle?
  • Do I benefit by insuring my home with the same company?
  • Do I have coverage if my license is suspended?
  • Am I covered if I crash into my own garage door?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form.

Specific coverages for a 2004 HUMMER H1

Knowing the specifics of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for dental work, X-ray expenses, rehabilitation expenses and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance covers damage to your H1 caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as sideswiping another vehicle, rolling your car, crashing into a building and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Liability coverage – This will cover damage or injury you incur to people or other property. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things such as structural damage, medical expenses, funeral expenses and medical services. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your HUMMER H1.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive auto coverage – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from a tornado or hurricane, rock chips in glass, damage from flooding and falling objects. The maximum payout your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Be Smart and Buy Smart

We’ve covered a lot of information how to reduce 2004 HUMMER H1 insurance premium rates online. The most important thing to understand is the more rate quotes you have, the higher your chance of finding the cheapest insurance coverage. You may even find the best price on insurance coverage is with the least-expected company.

As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where someone sacrificed liability limits or collision coverage only to regret at claim time that the savings was not a smart move. Your objective should be to buy the best coverage you can find at the best possible price, but don’t skip important coverages to save money.

Consumers switch companies for a number of reasons such as denial of a claim, delays in paying claims, policy cancellation or even extreme rates for teen drivers. No matter why you want to switch, finding a new company is not as difficult as it may seem.

More detailed insurance coverage information is available at these sites: