I can’t think of a single person who fancies paying their premiums for auto insurance, especially when they know the price is too high.
Surprisingly, a recent survey revealed that a large majority of auto insurance policyholders kept their coverage with the same auto insurance company for four years or more, and nearly half have never compared quotes from other companies. Drivers in Denver could save $600 a year, but they just feel it’s too hard to do a rate comparison. Insurance companies such as State Farm, GEICO and Farmers Insurance continually hit you with advertising and it can be hard to separate fact from fiction and find the best price available.
It’s a good habit to check auto insurance prices every six months since prices go up and down regularly. Just because you had the best price on Hummer H3 insurance in Denver a couple years back there may be better deals available now. There is a lot of bad advice regarding H3 insurance on the internet, but by reading this article, you’re going to learn the best ways to lower your auto insurance premiums.
If you have insurance now or just want to save money, use these techniques to cut your premiums while maintaining coverages. Buying affordable insurance in Denver is actually not that difficult if you follow our advice. You just need to understand the quickest method to compare price quotes from many different companies online.
Best companies for competitive Hummer H3 insurance in Colorado
The companies shown below provide quotes in Denver, CO. If the list has multiple companies, we recommend you compare several of them in order to find the lowest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|H3 Adventure Package 4WD||$294||$630||$396||$24||$118||$1,462||$122|
|H3 Luxury Package 4WD||$210||$416||$474||$28||$142||$1,270||$106|
|H3 Alpha 4WD||$342||$538||$352||$20||$106||$1,358||$113|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium amounts do not factor in specific location information which can revise coverage rates noticeably.
Rate comparison of males versus females
The example below visualizes the comparison of Hummer H3 auto insurance costs for male and female drivers. The premiums are based on no claims or driving citations, full coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
How high should deductibles be?
The chart below shows how choosing a deductible and can increase or decrease Hummer H3 insurance rates for different insured age categories. The rates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Full coverage or liability only
The information below illustrates the comparison of Hummer H3 insurance premiums with full physical damage coverage and with liability coverage only. The data assumes no tickets, no at-fault accidents, $100 deductibles, single female driver, and no additional discounts are factored in.
When to stop buying physical damage coverage
There is no definitive guideline to eliminate physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s pretend your Hummer H3 replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the policy deductible has been paid. If you are paying in excess of $500 a year for full coverage, then you might want to think about dropping full coverage.
There are some conditions where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not drop full coverage.
Do you qualify for discounts?
Car insurance companies don’t always publicize all discounts very clearly, so here is a list a few of the more well known as well as the least known auto insurance savings.
- Discounts for Good Drivers – Insureds without accidents may receive a discount up to 45% compared to accident prone drivers.
- Safety Restraint Discount – Forcing all vehicle occupants to use a seat belt could save 15% off the personal injury premium cost.
- Air Bags and Passive Restraints – Factory air bags or automatic seat belts may qualify for discounts as much as 30%.
- No Claim Discounts – Insureds with no claims or accidents pay less when compared to insureds who have frequent claims or accidents.
- Active Military Service – Having a family member in the military could qualify you for better prices.
- Home Ownership Discount – Simply owning a home can save you money since home ownership is proof of financial responsibility.
As a disclaimer on discounts, most discounts do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you can get free auto insurance, you won’t be that lucky.
If you would like to see a list of auto insurance companies that provide some of the discounts listed above in Colorado, follow this link.
Hummer H3 Insurance Costs Can Be More Affordable
Many factors are part of the equation when you quote your car insurance policy. Some are obvious like your driving record, although some other factors are more obscure such as your marital status or your commute time. It’s important that you understand the factors that go into determining the rates you pay for auto insurance. If you have some idea of what influences your rates, this helps enable you to make changes that can earn you cheaper rates.
Listed below are some of the most rate-impacting factors used by companies to determine rates.
Do safer cars cost less to insure? – Safe vehicles can get you lower premiums. Vehicles built for safety reduce the chance of injuries and better occupant protection means lower claim amounts and thus lower rates. If your Hummer H3 scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
Alarms and GPS tracking lowers premiums – Choosing to buy a car with a theft deterrent system can get you a discount on your auto insurance. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft and help bring rates down.
No policy claims equals cheap auto insurance rates – If you are a frequent claim filer, don’t be surprised to see increased rates or even have your policy non-renewed. Auto insurance companies in Colorado give lower rates to people who do not rely on their insurance for small claims. Auto insurance is intended to be relied upon for claims that pose a financial burden.
Low deductibles cost more – Insurance for physical damage to your car, aka comp and collision, is used to repair damage to your Hummer. Examples of some claims that would be covered are a dented fender, hitting a deer, and burglary. Physical damage deductibles represent how much money you are willing to pay out-of-pocket if you file a covered claim. The more expense you choose to pay out-of-pocket, the lower your rates will be.
Protect yourself with liability coverage – Your auto insurance policy’s liability coverage is the coverage that protects you in the event that a court rules you are at fault for damages from an accident. Liability insurance provides you with a defense in court which can cost thousands of dollars. Liability insurance is quite affordable as compared to coverage for physical damage, so buy as much as you can afford.
Being married brings a discount – Walking down the aisle actually saves money on your auto insurance policy. Having a spouse usually means you are more mature and statistics prove married drivers get in fewer accidents.
Small coverages can add up – There are a lot of additional coverages that sound like a good idea at the time when buying auto insurance. Coverages like coverage for rental cars, death and dismemberment, and extra life insurance coverage are some examples. They may seem like a good idea when you first buy your policy, but if they’re wasting money remove them from your policy.
Avoid tickets and save – Drivers who don’t get tickets receive lower rates than people who have multiple driving citations. Even a single citation can increase rates by as much as thirty percent. Drivers unfortunate enough to have license-revoking tickets like reckless driving, hit and run or driving under the influence may face state-mandated requirements to maintain a SR-22 with their state motor vehicle department in order to drive a vehicle legally.
When to talk to an insurance agency
Certain consumers just prefer to go talk to an agent and there is nothing wrong with that. Insurance agents are highly skilled in risk management and help file insurance claims. An additional benefit of getting online price quotes is you may find lower rates but still work with a licensed agent. Buying from local insurance agents is still important in Denver.
By using this simple form, your information is instantly submitted to agents in your area that can give you free Denver car insurance quotes for your coverage. You don’t have to visit any agencies because prices are sent instantly to you. If you want to get a rate quote from one company in particular, don’t hesitate to find their quoting web page and fill out the quote form the provide.
If you are searching for a reputable agency, there are a couple of different types of agents that you can select. Agents in Denver can be classified as either exclusive agents or independent agents. Either type can provide auto insurance policies, but it’s good to learn why they differ because it can factor into your agent selection.
Agents that choose to be independent are not restricted to one company so they have the ability to put coverage with many different companies and find the cheapest auto insurance rates. If your agent finds better pricing, they simply move the coverage in-house and the insured can keep the same agent. When comparing auto insurance rates, you will want to include price quotes from a few independent agents to get the most accurate price comparison.
Shown below is a partial list of independent insurance agencies in Denver that may be able to give free auto insurance rate quotes.
Exclusive Auto Insurance Agents
Agents of this type can usually just insure with one company and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to place coverage with different providers so it’s a take it or leave it situation. Exclusive insurance agents receive extensive training on sales techniques which aids in selling service over price.
The following are exclusive insurance agents in Denver that are able to give price quote information.
Bao Ngoc Nguyen – State Farm Insurance Agent
1699 S Federal Blvd b – Denver, CO 80219 – (303) 975-1100 – View Map
Deciding on an car insurance agent requires you to look at more than just a cheap price quote. Some important questions to ask are:
- How much will you save each year by using a higher deductible?
- Will the agent or a CSR service your policy?
- How many years of experience in personal auto insurance do they have?
- Does the agent help file claims?
- Do they review policy coverages at every renewal?
- Can glass repairs be made at your home?
- Does the company allow you to choose your own collision repair facility?
- Do they have cheaper tiers of coverage?
Tricks in insurance advertising
Colorado drivers get pounded daily by advertisements that promise big savings from companies such as GEICO, State Farm and Progressive. They all seem to try to convey promises about savings just by moving your policy.
How can each company charge lower premium rates?
All companies quote the lowest rates for the type of driver that will generate a profit. One example of this type of driver could be between the ages of 30 and 45, has few claims, and drives a lower-performance vehicle. A customer that matches those criteria will get a cheap rate quote in Denver and therefore will save when they switch companies.
Consumers who are not a match for this stringent profile may receive a more expensive rate which leads to the customer not buying. The ads state “people who switch” but not “all drivers who get quotes” save that much. This is how companies can claim big savings.
Each company has different criteria, so you really need to compare as many free Denver car insurance quotes as you can. It’s just not possible to know which insurance company will have the lowest rates for your situation.
In the end, you can save money
Budget-friendly car insurance in Denver is definitely available online in addition to many Denver insurance agents, so you need to shop Denver car insurance with both to have the best selection. Some insurance providers don’t offer online quoting and usually these small, regional companies prefer to sell through independent insurance agents.
We covered some good ideas how to find lower-cost Hummer H3 insurance in Denver. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the most savings is with the least-expected company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Progressive and GEICO.
As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There are a lot of situations where drivers have reduced liability coverage limits to discover at claim time they didn’t purchase enough coverage. Your strategy should be to buy a smart amount of coverage at the lowest possible cost, not the least amount of coverage.
More information is located at the links below
- Young Drivers: The High Risk Years Video (iihs.org)
- How Much are Auto Insurance Rates for Drivers with Bad Credit in Denver? (FAQ)
- Who Has Cheap Auto Insurance Quotes for a Nissan Rogue in Denver? (FAQ)
- What Insurance is Cheapest for Teachers in Denver? (FAQ)
- Who Has Cheap Car Insurance for a Toyota Corolla in Denver? (FAQ)
- Who Has Affordable Denver Auto Insurance Quotes for a Toyota Camry? (FAQ)
- Distracted Driving (Insurance Information Institute)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)