2007 HUMMER H2 Insurance Cost – 9 Policy Discounts

Want cheaper insurance coverage rates for your HUMMER H2? No one loves paying for insurance coverage, especially when they know the cost is too high. Multiple insurance companies compete to insure your vehicles, and it can be difficult to compare rates and get the definite best price available.

If you have a current car insurance policy or are just looking to switch companies, you will benefit by learning to find better prices and still get good coverage. Finding the best rates is easy if you know what you’re doing. Vehicle owners just need to learn the best way to find the lowest price over the internet.

Cheap insurance

Shopping for lower insurance rates can be exhausting if you aren’t aware of the easiest way. You could spend the better part of a day discussing policy coverages with agents in your area, or you could save time and use the internet to get prices fast.

Many of the larger companies participate in an industry program that enables customers to submit one quote, and at least one company then returns a price quote based on that data. This saves time by eliminating quotation requests to each company. To enter your information into the quoting system, click here to open in new window.

The only downside to comparing rates this way is you can’t choose which providers you want pricing from. So if you want to choose individual companies to request quotes from, we have a listing of low cost insurance companies in your area. Click to view list.

How you compare quotes is your choice, just compare identical deductibles and coverage limits on every quote. If each company quotes unequal deductibles or liability limits you will not be able to make a fair rate comparison.

More affordable rates by taking advantage of these nine discounts

Not too many consumers would say insurance is affordable, but you might already qualify for some discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied when you quote, but some may not be applied and must be specially asked for before being credited. If they aren’t giving you every credit you qualify for, you could be getting lower rates.

  • Discounts for Government Workers – Active or retired federal employment can earn a discount up to 10% for H2 insurance with a few insurance companies.
  • Military Rewards – Being deployed with a military unit can result in better prices.
  • Discounts for New Vehicles – Insuring a vehicle that is new may earn a small discount because newer vehicles are generally safer.
  • Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts may qualify for discounts of up to 25% or more.
  • Defensive Driving Course – Taking a class that teaches defensive driving techniques is a good idea and can lower rates and make you a better driver.
  • No Accidents – Claim-free drivers get the best insurance rates when compared with policyholders that have many claims.
  • Online Discount – A few larger online companies provide a small discount for signing up online.
  • Bundle and Save – When you combine your auto and homeowners insurance with one insurance company you may earn as much as 10 to 15 percent.
  • Telematics Discount – Drivers that enable their insurance company to track vehicle usage by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts if they are good drivers.

As a footnote on discounts, most discounts do not apply to the overall cost of the policy. Most only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think you can get free auto insurance, you aren’t that lucky. But any discount should help lower your overall bill.

Popular insurance companies and some of the premium reductions they offer are detailed below.

  • GEICO discounts include driver training, daytime running lights, defensive driver, military active duty, multi-vehicle, and anti-lock brakes.
  • Mercury Insurance has savings for good student, anti-theft, accident-free, annual mileage, and multi-policy.
  • Farmers Insurance may have discounts that include business and professional, mature driver, pay in full, youthful driver, switch companies, and good student.
  • Auto-Owners Insurance may offer discounts for air bags, mature driver, teen driver, student away at school, paid in full, and paperless.
  • Liberty Mutual offers discounts including safety features, new graduate, multi-car, exclusive group savings, good student, new vehicle discount, and multi-policy.
  • SAFECO policyholders can earn discounts including anti-theft, teen safety rewards, teen safe driver, safe driver, multi-car, and anti-lock brakes.
  • Progressive includes discounts for multi-policy, online signing, homeowner, good student, and online quote discount.
  • USAA offers discounts for driver training, multi-policy, new vehicle, family discount, defensive driver, vehicle storage, and safe driver.

When getting a coverage quote, ask all the companies to apply every possible discount. A few discounts may not be offered in your area. To locate providers that offer many of these discounts, click this link.

How much auto insurance do I need?

When choosing coverage, there really is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that may help you determine whether your personal situation might need professional guidance.

  • Do I need PIP (personal injury protection) coverage in my state?
  • Does my policy cover my teen driver if they drive my company car?
  • Does my car insurance cover rental cars?
  • Do I pay less for low miles?
  • Am I covered when using my vehicle for business?
  • Is upholstery damage covered by car insurance?
  • How much liability do I need to cover my assets?

If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.

Auto insurance coverages 101

Learning about specific coverages of a auto insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are the normal coverages found on the average auto insurance policy.

Comprehensive insurance – This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hail damage, hitting a bird and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision – This coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like sideswiping another vehicle, driving through your garage door, damaging your car on a curb, rolling your car and crashing into a ditch. 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.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your HUMMER H2.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for expenses for things like hospital visits, chiropractic care, dental work and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Coverage for liability – Liability coverage will cover damage or injury you incur to people or other property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims like attorney fees, emergency aid, funeral expenses, legal defense fees and bail bonds. How much liability should you purchase? That is your choice, but buy as large an amount as possible.

In conclusion

We covered quite a bit of information on how to lower your 2007 HUMMER H2 insurance car insurance rates. The key thing to remember is the more companies you get premium rates for, the higher your chance of finding cheaper auto insurance. You may even find the biggest savings come from a smaller regional carrier. These smaller insurers may only write in your state and offer lower premium rates than their larger competitors like GEICO and State Farm.

When you buy auto insurance online, it’s a bad idea to reduce needed coverages to save money. In many cases, an insured dropped collision coverage only to regret that the small savings ended up costing them much more. The goal is to buy a smart amount of coverage at the best possible price while not skimping on critical coverages.

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