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.

Insurance quote for Hummer H3 in LubbockIf 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.

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.

Hummer H3 Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $378 $584 $500 $30 $150 $1,642 $137
H3 4WD $378 $584 $500 $30 $150 $1,642 $137
H3 Luxury Package 4WD $378 $584 $500 $30 $150 $1,642 $137
H3 Alpha 4WD $422 $584 $500 $30 $150 $1,686 $141
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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.

Hummer H3 insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $370 $698 $382 $22 $114 $1,611 $134
H3 4WD $370 $698 $382 $22 $114 $1,611 $134
H3 Luxury Package 4WD $370 $698 $382 $22 $114 $1,611 $134
H3 Alpha 4WD $412 $698 $382 $22 $114 $1,653 $138
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Hummer H3 insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $270 $472 $382 $22 $114 $1,260 $105
H3 4WD $270 $472 $382 $22 $114 $1,260 $105
H3 Luxury Package 4WD $270 $472 $382 $22 $114 $1,260 $105
H3 Alpha 4WD $300 $472 $382 $22 $114 $1,290 $108
Get Your Own Custom Quote Go

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.

Average monthly premium for $100 deductibles: $135
Average monthly premium for $500 deductibles (subtract): – $106
Monthly savings from raising deductible: $29
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

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.Insurance discounts

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.

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.Safe vehicles cost less to insure
For example, these questions can aid in determining whether you would benefit from professional advice.

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.

Lubbock insurance agentsBy 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.

4202 Avenue QLubbock, TX 79412(806) 747-2400View Map

5241 98th StLubbock, TX 79424(806) 792-5564View Map

David Tate Insurance Agency LLP
5233 79th StLubbock, TX 79424(806) 794-1177View Map

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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.

6301 19th St #4Lubbock, TX 79407(806) 792-4432View Map

1102 Slide Rd, 33Lubbock, TX 79416(806) 793-3101View Map

6701 Aberdeen Ave Ste 2Lubbock, TX 79424(806) 798-1340View Map

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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.