Best Rates for Hummer H3 Insurance in Lubbock

Sad but true, a large majority of consumers have stayed with the same insurance company for more than four years, and almost half have never quoted auto insurance rates at all. Consumers in Texas can save hundreds of dollars each year, but they won’t spend time to compare rate quotes.

If saving the most money is your goal, then the best way to get cheaper Hummer H3 insurance is to compare prices regularly from insurers that sell auto insurance in Lubbock.

• First, spend some time learning about what is in your policy and the things you can change to prevent expensive coverage. Many policy risk factors that result in higher prices like speeding tickets, careless driving and poor credit can be controlled by making small lifestyle or driving habit changes.
• Second, quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO and State Farm, while independent agencies can provide prices for a wide range of insurance providers. Click to view companies
• Third, compare the new rate quotes to your existing coverage and see if there is a cheaper rate. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
• Fourth, notify your agent or company of your decision to cancel the current policy. Submit a down payment along with a completed application to your new carrier. Once received, keep your new proof of insurance paperwork in an accessible location in your vehicle.

A good piece of advice is to try to compare similar coverage information on every quote and and to get prices from as many companies as feasibly possible. This guarantees a fair rate comparison and a good representation of prices.

The providers in the list below offer quotes in Texas. To find cheap auto insurance in TX, we suggest you visit two to three different companies to find the lowest car insurance rates.

Rate information and statistics

The coverage table shown below showcases different insurance premium costs for Hummer H3 models. Having insight into how rate quotes are formulated can benefit drivers when making smart choices when buying a policy.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rates do not factor in specific location which can raise or lower premium rates considerably.

Physical damage deductible comparison

A question often asked by Lubbock drivers is how high should your deductibles be. The tables below illustrate the price difference when you choose different physical damage coverage deductibles. The first data table uses a $100 physical damage deductible and the second rate table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Prices do not factor in specific location information which can change coverage prices substantially.

We can estimate from the data above that using a $100 deductible will cost you roughly $29 more each month or $348 each year across all Hummer H3 models than quoting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 14 months between claims, you would most likely save money if you choose the higher deductible. Here’s the way you can perform this determination yourself.

One important caveat is that raising deductibles to get cheaper rates means you will have to pay more at claim time. You need enough disposable income in order to pay more for the deductible.

Full coverage versus liability only rates

The information below shows the difference between Hummer H3 insurance costs when comparing full coverage to liability only. The premiums are based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.

When to stop paying for full coverage

There is no clear-cut formula of when to eliminate comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Hummer H3 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after paying your policy deductible. If premium cost is more than $700 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some cases where dropping physical damage coverage is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should keep full coverage in place.

Cheaper Lubbock insurance rates with discounts

Car insurance is not cheap, but you may be missing some discounts to help bring down the price. Some trigger automatically at quote time, but some need to be specifically requested prior to receiving the credit. If you aren’t receiving every discount possible, you may be paying too high a price.

• Memberships – Joining certain professional organizations may earn a discount on your policy.
• Discounts for New Vehicles – Insuring a new H3 can be considerably cheaper since newer models have better safety ratings.
• First Accident Forgiveness – This one isn’t a discount, but a handful of insurance companies permit an accident without raising rates if you have no claims prior to being involved in the accident.
• Bundled Policy Discount – If you can combine your homeowners and auto policy with one insurance company you could save 10% to 20% off each policy.
• Discounts for Responsible Drivers – Accident-free drivers can get discounts for up to 45% lower rates compared to rates paid by drivers with frequent claims.
• Multi-line Discount – Insurance companies who offer life insurance give a small discount if you purchase life insurance.
• College Student Discount – Kids who are enrolled in higher education away from home and do not have access to a covered vehicle can be insured at a reduced rate.
• Discount for Home Ownership – Simply owning a home may trigger a policy discount on insurance since home ownership shows financial diligence.
• Telematics Data – Drivers that enable data collection to analyze their driving habits by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system may get a rate reduction if they are good drivers.

Discounts reduce rates, but you should keep in mind that most discount credits are not given to the overall cost of the policy. Most cut the price of certain insurance coverages like liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, nobody gets a free ride.

The example below illustrates the comparison of Hummer H3 insurance costs with and without discounts applied. The data assumes a male driver, no claims or violations, Texas state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, multi-policy, multi-car, and claim-free discounts applied.

To choose insurance companies who offer discounts in Lubbock, click this link.

Why you need quality insurance for your Hummer vehicle

Even though it can be expensive, car insurance may be required and benefits you in several ways.

• Just about all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Hummer H3 has a lienholder, most banks will require you to have comprehensive coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Hummer at a much higher rate and force you to pay a much higher amount than you were paying before.
• Car insurance preserves both your assets and your Hummer H3. It will also reimburse you for medical bills for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your H3 are definitely more than the cost, particularly if you ever have a claim. On average, a vehicle owner in Lubbock overpays as much as $800 each year so it’s very important to do a rate comparison at every renewal to save money.

Lubbock car insurance companies

Insuring your vehicle with a high-quality car insurance provider can be challenging considering how many different companies insure vehicles in Lubbock. The company ratings listed below could help you analyze which providers you want to consider purchasing from.

Top 10 Lubbock Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Lubbock Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

There’s no such thing as the perfect insurance policy

Always remember that when buying your policy for your vehicles, there really isn’t a one size fits all plan. Each situation is unique and your insurance should unique, too.
For example, these questions can aid in determining whether you would benefit from professional advice.

• Is my ex-spouse still covered by my policy?
• Do I get a pro-rated refund if I cancel my policy early?
• Is my Hummer H3 covered for flood damage?
• Why is insurance for a teen driver so high in Lubbock?
• Am I covered when delivering products for my home-based business?
• Does my policy cover me if I wreck while driving under the influence?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Shop online but buy locally

A lot of people still like to have an agent’s advice and that is not a bad decision Good insurance agents can point out coverage gaps and help in the event of a claim. The best thing about price shopping on the web is that drivers can save money and get lower rates and still buy from a local agent. Putting coverage with local insurance agencies is important particularly in Lubbock.

By using this quick form, the coverage information is emailed to participating agents in Lubbock that can provide free Lubbock car insurance quotes for your coverage. You never need to search for an agent because prices are sent immediately to you. If you want to compare prices for a specific company, just navigate to their website to submit a rate quote request.

When searching for local Lubbock agents, it’s important to understand the types of agencies that you can select. Insurance agencies in Lubbock are either exclusive or independent agents depending on their company appointments. Either can sell affordable car insurance policies, but it’s worth mentioning how they differ since it can impact which agent you choose.

Independent Car Insurance Agencies or Brokers

Independent insurance agents do not work for one specific company so they have the ability to put coverage with lots of companies and get you the best rates possible. If they quote lower rates, your policy is moved internally and you don’t have to switch agencies.

If you need lower rates, it’s a good idea to compare prices from a couple of independent agencies in order to compare the most rates.

Below are independent insurance agents in Lubbock who can help you get free car insurance quotes.

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Exclusive Insurance Agents

Exclusive agents have only one company to place business with such as State Farm or Allstate. Exclusive agencies are unable to provide rate quotes from other companies so keep that in mind. They are trained well on the products they sell which helps them sell on service rather than price.

Listed below is a list of exclusive agencies in Lubbock willing to provide price quote information.

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Choosing an insurance agent requires you to look at more than just a low price. Any agent in Lubbock should be willing to answer these questions.

• Is vehicle damage repaired with OEM or aftermarket parts?
• Do they offer accident forgiveness?
• Is there any savings for paying the full premium?
• What insurance companies do they work with in Lubbock?
• If independent agents, which companies do they recommend?
• How much will you save each year by using a higher deductible?
• Are claim adjusters local or do you have to take your car somewhere else?
• Do they specialize in personal lines coverage in Lubbock?