Best Hummer H3 Insurance in Plano

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Insurance quote for Hummer H3 in PlanoSmart shoppers know that car insurance companies don't want you quoting rates from other companies. Insureds who get price comparisons are highly likely to switch to a new company because the odds are good of finding a lower-priced policy. Surprisingly, a recent survey revealed that people who made a habit of comparing rate quotes saved an average of $3,500 over four years compared to people who never compared other company's rates.

If saving money on car insurance is why you're here, then having a grasp of how to shop for cheaper coverage can help make the process easier and more efficient.

It takes a few minutes, but the best way to find affordable auto insurance rates is to compare quotes once a year from providers in Plano.

  1. It will benefit you to learn about how car insurance works and the steps you can take to prevent expensive coverage. Many risk factors that cause high rates such as speeding and poor credit rating can be remedied by making minor changes in your lifestyle.
  2. Request price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple sources.
  3. Compare the new rate quotes to your existing policy to determine if switching companies saves money. If you can save some money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
  4. Give proper notification to your current agent or company of your decision to cancel your current car insurance policy. Submit a down payment and signed policy application to the new company. As soon as you have the new policy, place your new proof of insurance certificate above your visor, in the console, or in the glove compartment.

One bit of advice is to try to compare similar deductibles and liability limits on each price quote and and to compare as many auto insurance providers as possible. Doing this enables an accurate price comparison and a complete selection of prices.

If you have insurance now, you stand a good chance to be able to cut your premiums using the concepts you're about to learn. The goal of this article is to teach you the most effective way to quote insurance and some money-saving tips. Nevertheless, Texas car owners need to learn the way insurance companies set your policy premium.

When shopping for Hummer H3 insurance in Plano there are multiple ways to compare rate quotes from companies that offer auto insurance in Texas. By far the easiest way to comparison shop consists of obtaining rate quotes online. When comparing auto insurance rates, know that comparing more prices will enable you to find a better price.

The auto insurance companies shown below are ready to provide free quotes in Texas. If you want the best car insurance in Plano, we suggest you compare several of them in order to find the lowest rates.

These discounts can cut Hummer H3 insurance rates

Some companies don't list every discount very well, so below is a list some of the best known in addition to some of the lesser obvious ways to save on insurance. If you're not getting every credit you qualify for, you're paying more than you need to.Save money with discounts

  • Discounts for Seat Belt Usage - Forcing all vehicle occupants to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
  • Student Discounts - A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last well after school through age 25.
  • Paper-free Discount - Many insurance companies will discount your bill up to fifty bucks for completing your application on their website.
  • Passive Restraints - Cars that have air bags or motorized seat belts can get savings of up to 25% or more.
  • Lower Rates for Military - Being on active duty in the military could be rewarded with lower insurance rates.
  • Student Discount for Driver Training - Require your teen driver to successfully complete driver's ed class in high school.

Consumers should know that most discounts do not apply to the entire policy premium. Most cut the cost of specific coverages such as liability and collision coverage. Just because it seems like adding up those discounts means a free policy, it's just not the way it works. But all discounts should help lower your policy premium.

The information below visualizes the comparison of Hummer H3 premium costs with and without discounts. The costs are based on a male driver, no violations or accidents, Texas state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, safe-driver, claim-free, multi-car, and homeowner discounts applied.

A few popular companies and a partial list of their discounts include:

  • State Farm may include discounts for Steer Clear safe driver discount, driver's education, good student, student away at school, multiple policy, good driver, and Drive Safe & Save.
  • GEICO has savings for daytime running lights, defensive driver, anti-theft, anti-lock brakes, and federal employee.
  • SAFECO offers premium reductions for drive less, teen safety rewards, multi-car, accident prevention training, teen safe driver, safe driver, and anti-theft.
  • Farmers Insurance includes discounts for good student, switch companies, business and professional, pay in full, bundle discounts, and electronic funds transfer.
  • AAA policyholders can earn discounts including multi-policy, pay-in-full, education and occupation, good student, anti-theft, and AAA membership discount.
  • USAA offers discounts including good student, loyalty savings, defensive driver, military installation, and multi-vehicle.

If you need lower rates, check with every company how you can save money. Savings might not be available to policyholders everywhere.

Insurance coverage analysis

The rate table displayed next showcases detailed analysis of coverage costs for Hummer H3 models. Having a good understanding how premiums are calculated can assist in making smart choices when purchasing an auto insurance policy.

Hummer H3 Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $186 $338 $392 $24 $118 $1,058 $88
H3 4WD $186 $338 $392 $24 $118 $1,058 $88
H3 Luxury Package 4WD $186 $338 $392 $24 $118 $1,058 $88
H3 Alpha 4WD $208 $338 $392 $24 $118 $1,080 $90
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Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Table data does not factor in your specific Plano location which can lower or raise coverage prices greatly.

Raise deductibles and save

When shopping for auto insurance, a common question is what deductibles to buy. The figures shown below sum up the differences in premium rates between low and high coverage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Hummer H3 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $332 $584 $382 $22 $114 $1,459 $122
H3 4WD $332 $584 $382 $22 $114 $1,459 $122
H3 Luxury Package 4WD $332 $584 $382 $22 $114 $1,459 $122
H3 Alpha 4WD $370 $584 $382 $22 $114 $1,497 $125
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Hummer H3 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $206 $368 $382 $22 $114 $1,092 $91
H3 4WD $206 $368 $382 $22 $114 $1,092 $91
H3 Luxury Package 4WD $206 $368 $382 $22 $114 $1,092 $91
H3 Alpha 4WD $228 $368 $382 $22 $114 $1,114 $93
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Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Prices do not factor in Plano location which can revise coverage prices substantially.

Using the data above, we can ascertain that using a $250 deductible costs roughly $31 more each month or $372 every year than selecting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 24 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $123
Average monthly premium for $1,000 deductibles (subtract): - $92
Monthly savings from raising deductible: $31
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 24 months

One important note is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you have a claim. You will want to have some extra savings in order to pay more to get your vehicle repaired.

Cost of full coverage in Plano

The information below compares Hummer H3 insurance premiums with full physical damage coverage and with liability coverage only. Data assumes no accidents, no driving violations, $250 deductibles, marital status is single, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There is no definitive formula to stop buying physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let's say your Hummer H3 settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $5,000 after you pay the deductible. If you are paying more than $500 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are a few situations where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Save Money with These Tips

Lots of factors are taken into consideration when you get your auto insurance bill. A few of the factors are predictable such as traffic violations, although some other factors are less apparent like your vehicle usage or your commute time.

  • Always keep your insurance policy in place - Having a gap between insurance policy dates is a sure-fire way to increase your renewal premiums. In addition to paying higher premiums, the inability to provide proof of insurance could result in fines or a revoked license. Then you may be required to prove you have insurance by filing a SR-22 with the Texas department of motor vehicles.
  • Insurance companies don't like frequent insurance claims - Auto insurance companies in Texas provide discounts to people who do not file claims often. If you tend to file frequent claims, you can pretty much guarantee either policy cancellation or increased premiums. Your insurance policy is designed for claims that you cannot pay yourself.
  • Pay more for higher performance vehicles - The make and model of the car you are trying to find cheaper insurance for makes a significant difference in your rates. The lowest premiums will generally be found on the lowest performance passenger cars, but your final cost has many other factors.

    The next chart assumes a single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. It illustrates Hummer H3 insurance rates compared to other vehicles that have a range of performances.

  • Only buy what you need - There are quite a few extra coverages that you can get tricked into buying on your insurance policy. Coverages like personal injury protection, death and dismemberment, and term life insurance may be costing you every month. These may sound like a good investment when you first buy your policy, but if they're wasting money remove them from your policy.
  • Drive less and pay lower prices - The more miles you rack up on your Hummer annually the higher your rates will be. Most companies rate vehicles based upon how you use the vehicle. Vehicles not used for work or commuting receive lower rates compared to those used for work or business. Incorrect rating for your H3 is throwing money out the window. Double check that your insurance policy shows the right rating data.
  • Do males or females drive better? - Statistics show women are more cautious behind the wheel. However, don't assume that men are WORSE drivers than women. Men and women cause accidents at a similar rate, but the males cause more damage and cost insurance companies more money. Men also get ticketed for serious violations like driving under the influence (DUI). Male teenagers cause the most accidents and thus pay the highest rates.

    The chart below illustrates the difference between Hummer H3 insurance rates for male and female drivers. The rate quotes are based on no violations or claims, comp and collision included, $250 deductibles, drivers are not married, and no discounts are applied.

  • Youthful drivers pay high rates - Mature drivers are more cautious drivers, cause fewer claims and accidents, and are generally more financially stable. Teenage drivers are statistically proven to be inattentive with other occupants in the car so they pay higher insurance rates.

    The following data is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.

Comparing prices from local Plano insurance agencies

Some people just want to buy from a local agent and that is a personal choice. A good thing about comparing rates online is that you can find better rates but still work with a licensed agent.

Plano insurance agentsAfter filling out this short form, the quote information is emailed to agents in your area who will gladly provide quotes to get your business. It makes it easy because there is no need to contact any insurance agencies due to the fact that quote results will go directly to you. It's the lowest rates and a licensed agent to talk to. If you have a need to quote rates for a specific company, you just need to jump over to their website and complete a quote there.

Finding the right provider should depend on more than just a cheap price quote. Any agent in Plano should have no problem answering these questions:

  • How are they compensated?
  • How much can you save by raising your physical damage deductibles?
  • What is the financial rating for the quoted company?
  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • How long have they been in business?
  • Will they make sure you get an adequate claim settlement?
  • Are there any discounts that you might be missing?
  • Are they able to provide referrals?

The difference between Plano car insurance agents

When searching for a reputable insurance agent or broker, it helps to know the two different types of agencies and how they can quote your rates. Plano agents are classified as either exclusive or independent.

Exclusive Auto Insurance Agencies

Agents that elect to be exclusive have only one company to place business with and examples are Allstate and State Farm. Exclusive agents cannot compare rates from other companies so it's a take it or leave it situation. They are well trained on their company's products and that allows them to sell at a higher price point. Some consumers prefer to choose to use a exclusive agent mainly due to the brand name rather than low price.

Listed below are Plano exclusive insurance agencies willing to provide price quotes.

More Plano agents

Independent Auto Insurance Agencies

Agents that elect to be independent are not employed by one company so they can quote policies with an assortment of companies and find the cheapest auto insurance rates. If they find a lower price, they simply move the coverage in-house without you having to go to a different agency.

If you need lower rates, you absolutely need to include price quotes from several independent insurance agents to have the best price comparison. Most also write with less well-known companies which can be an advantage.

Below are Plano independent agents that can give you price quotes.

More Plano agents

Car insurance savings summarized

Insureds leave their current company for many reasons like unfair underwriting practices, denial of a claim, lack of trust in their agent or even policy cancellation. Regardless of your reason, finding a great new company can be pretty painless.

You just read quite a bit of information on how to reduce Hummer H3 insurance auto insurance rates online in Plano. The most important thing to understand is the more quotes you get, the better chance you'll have of finding affordable Hummer H3 insurance quotes. You may even be surprised to find that the lowest auto insurance rates are with a smaller regional carrier.

As you shop your coverage around, it's not a good idea to reduce coverage to reduce premium. There are too many instances where drivers have reduced liability coverage limits only to regret that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage at the best possible price, but don't skip important coverages to save money.

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