If you want to save the most money, the best way to get cheaper Hummer H3 insurance is to compare prices at least once a year from insurers that insure vehicles in Newark.
Step 1: Try to learn a little about how car insurance works and the modifications you can make to keep rates low. Many risk factors that result in higher prices like accidents, careless driving, and a poor credit score can be controlled by paying attention to minor details. This article gives more information to help prevent costly coverage and find overlooked discounts.
Step 2: Request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while independent agents can provide prices from multiple insurance companies. Click to view companies
Step 3: Compare the price quotes to the price on your current policy to determine if you can save on H3 insurance in Newark. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Notify your company or agent of your intent to cancel your current policy and submit a down payment along with a signed application for the new coverage. Make sure you store the proof of insurance paperwork somewhere easily accessible.
The key thing to know about shopping around is that you use the same level of coverage on every quote and and to get price estimates from as many car insurance companies as possible. Doing this guarantees an accurate price comparison and and a good selection of different prices.
Astonishing but true according to a recent study, the vast majority of drivers renewed their policy with the same company for at least four years, and virtually 40% of consumers have never quoted rates to find lower-cost coverage. With the average premium in New Jersey being $2,009, drivers could save themselves $720 a year, but they don’t know the rate savings if they moved their coverage to a different company.
The majority of larger companies such as State Farm and Allstate allow you to get coverage prices directly from their websites. Comparing Hummer H3 insurance rates online is fairly straightforward as you simply type in the amount of coverage you want into the form. When the form is submitted, the company’s rating system obtains your credit score and driving record and provides a quote.
Being able to quote online for Hummer H3 insurance in Newark helps simplify price comparisons, and it’s very important to have as many quotes as possible in order to find cheaper rates.
To compare rates now, compare rates now from the companies shown below. If you have coverage now, it’s recommended you complete the form with the limits and deductibles identical to your current policy. This way, you will have rate comparison quotes based on identical coverages.
The companies shown below are ready to provide free rate quotes in New Jersey. To buy cheap car insurance in Newark, we recommend you visit several of them in order to find the cheapest rates.
Hummer H3 detailed coverage information
The rate table displayed next highlights detailed analysis of insurance premium costs for Hummer H3 models. Being aware of how car insurance prices are determined can benefit drivers when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $478 | $738 | $630 | $38 | $188 | $2,072 | $173 |
| H3 4WD | $478 | $738 | $630 | $38 | $188 | $2,072 | $173 |
| H3 Luxury Package 4WD | $478 | $738 | $630 | $38 | $188 | $2,072 | $173 |
| H3 Alpha 4WD | $532 | $738 | $630 | $38 | $188 | $2,126 | $177 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific zip code location which can impact rates greatly.
Raise deductibles and save
When shopping for insurance, a common question is how high should your deductibles be. The tables below show how much more you’ll pay when you choose different comp and collision deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $466 | $880 | $480 | $28 | $144 | $2,023 | $169 |
| H3 4WD | $466 | $880 | $480 | $28 | $144 | $2,023 | $169 |
| H3 Luxury Package 4WD | $466 | $880 | $480 | $28 | $144 | $2,023 | $169 |
| H3 Alpha 4WD | $520 | $880 | $480 | $28 | $144 | $2,077 | $173 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| H3 4WD | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| H3 Luxury Package 4WD | $258 | $464 | $480 | $28 | $144 | $1,374 | $115 |
| H3 Alpha 4WD | $288 | $464 | $480 | $28 | $144 | $1,404 | $117 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can lower or raise price quotes significantly.
Based on the data above, we can derive that using a $100 deductible will cost in the ballpark of $54 more each month or $648 annually averaged for all H3 models than quoting the higher $1,000 deductible. Because you would be required to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you normally average at least 17 months between claims, you would probably come out ahead if you decide on a higher deductible. The illustration below shows a better example of how this decision is made.
| Average monthly premium for $100 deductibles: | $170 |
| Average monthly premium for $1,000 deductibles (subtract): | – $116 |
| Monthly savings from raising deductible: | $54 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $54 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
One thing to be aware of is that a higher deductible level results in a higher out-of-pocket expense when you do file a claim. That will force you to have some savings in order to pay the deductible for vehicle repair.
How careless driving impacts insurance rates
The illustration below demonstrates how citations and at-fault collisions can impact Hummer H3 premium costs for each different age category. The data assumes a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.
Should you buy full coverage?
The example below illustrates the difference between Hummer H3 insurance rates with full physical damage coverage and with liability coverage only. The costs are based on no tickets, no at-fault accidents, $250 deductibles, drivers are not married, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There is no set rule of when to exclude full coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s pretend your Hummer H3 replacement cost is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying the physical damage deductible. If you are paying over $600 a year for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not remove full coverage.
These discounts can lower your car insurance rates
Some companies do not list all their discounts very well, so we break down some of the best known and the more hidden discounts that may be available. If you do not check that you are getting every discount you deserve, you are throwing money away.
- Telematics Discount – People who choose to allow data collection to track where and when they drive by using a telematics device such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates if they show good driving skills.
- Policy Bundle Discount – If you can combine your home and auto policy with the same company you may save up to 20% and get you low cost Hummer H3 insurance.
- Theft Deterrent System – Cars and trucks equipped with tracking devices and advanced anti-theft systems help deter theft and will qualify for a discount on a Newark car insurance quote.
- Responsible Driver Discount – Insureds who avoid accidents can pay as much as 50% less as compared to drivers with claims.
- Discount for Home Ownership – Owning your own home or condo can earn you a little savings since home ownership is proof that your finances are in order.
- Safety Course Discount – Taking a driver safety course can save you 5% or more and easily pay for the cost of the class.
A quick disclaimer, most credits do not apply to the entire policy premium. Some only reduce specific coverage prices like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, companies don’t profit that way. Any qualifying discounts will positively reduce your overall premium however.
The chart below illustrates the comparison of Hummer H3 insurance prices with and without discounts applied to the rates. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, New Jersey state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.
To locate insurers that offer the discounts shown above in Newark, follow this link.
Choosing the best vehicle insurance in New Jersey is an important decision
Despite the high cost of buying insurance for a Hummer H3 in Newark, maintaining insurance may not be optional for several reasons.
- Just about all states have mandatory insurance requirements which means you are required to buy a specific level of liability in order to get the vehicle licensed. In New Jersey these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your vehicle with a loan, it’s guaranteed your bank will make it a condition of the loan that you have insurance to guarantee loan repayment. If the policy lapses, the bank may insure your Hummer for a lot more money and make you pay for the much more expensive policy.
- Insurance protects not only your Hummer but also your financial assets. It will also provide coverage for many types of medical costs that are the result of an accident. One policy coverage, liability insurance, also pays expenses related to your legal defense if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of having insurance more than cancel out the cost, especially if you ever need it. Today the average American driver overpays as much as $810 a year so it’s very important to do a rate comparison at least once a year to make sure the price is not too high.
You may require the services of an insurance agency
A lot of people just prefer to sit down and talk to an agent and doing so can bring peace of mind Insurance agents can help you choose the best coverages and help file insurance claims. The biggest benefit of getting online price quotes is that you can find cheap rate quotes and still have an agent to talk to.
For easy comparison, once you complete this short form, your insurance coverage information is emailed to agents in your area who will give you quotes for your insurance coverage. It’s much easier because you don’t need to contact any insurance agencies due to the fact that quote results will go to the email address you provide. If you want to quote rates from a particular provider, just visit that company’s website and submit a quote form there.
Selecting an insurer requires you to look at more than just the price. Here are some questions to ask:
- How much can you save by raising your physical damage deductibles?
- Do they offer rental car reimbursement?
- What are their preferred companies if they are an independent agency?
- Are there any discounts that you might be missing?
- Will the quote change when the policy is issued?
- Can they help ensure a fair claim settlement?
- Is every driver in your family covered?
- Are aftermarket or OEM parts used to repair vehicles?
If you are wanting to purchase car insurance from a reputable insurance agent or broker, it’s helpful to know the types of insurance agents from which to choose. Agents are classified as either exclusive or independent agents depending on their company appointments. Both types of agents can sell car insurance policies, but it’s important to know the difference between them since it can impact which type of agent you select.
Exclusive Agents
Agents that choose to be exclusive write business for a single company like Allstate, State Farm and Farm Bureau. They generally cannot give you multiple price quotes so they really need to provide good service. Exclusive agents receive a lot of sales training on what they offer which helps them sell insurance even at higher premiums. Some people will only use the same exclusive agent mainly due to the brand name rather than low rates.
The following are exclusive agents in Newark willing to provide comparison quotes.
- Farmers Insurance – Christine Veliz
229 Bloomfield Ave – Newark, NJ 07104 – (973) 482-1975 – View Map - State Farm Insurance
360 Chestnut St – Newark, NJ 07105 – (800) 701-5909 – View Map - State Farm: Greg Daniels
681 1/2 Mt Prospect Ave – Newark, NJ 07104 – (973) 484-5772 – View Map
Independent Agents
Agents that choose to be independent do not write with just one company so as a result can place your coverage with multiple insurance companies and find you cheaper rates. If you want to switch companies, the agent simply finds a different carrier without you having to go to a different agency. If you are comparing rate quotes, we recommend you include price quotes from multiple independent agents for the best price selection. Most can insure with small mutual carriers which may provide better rates.
Listed below is a list of independent agents in Newark that are able to give rate quotes.