How to Compare New Orleans Hummer H3 Insurance

Insurance quote for Hummer H3 in New OrleansFinding low-cost insurance for a Hummer H3 in Louisiana could be a painful process, but you can learn a few tricks to find lower rates.

There are more efficient ways to find car insurance online and we’ll show you the quickest way to compare rates for a new or used Hummer and get the best price possible from both online companies and New Orleans agents.

It’s a good idea to compare prices before your next renewal because car insurance rates trend upward over time. If you had the best premium rates on Hummer H3 insurance in New Orleans a year ago you will most likely find a better price today. Ignore everything you know about car insurance because you’re going to learn the tricks you need to know to remove unneeded coverages and save money.

Finding and buying the best-priced car insurance coverage in New Orleans is easy to do. If you already have coverage or need new coverage, you can learn to find the best rates while maximizing coverage. Vehicle owners only have to learn the best way to shop for car insurance from many companies at once.

Best companies for affordable Hummer H3 insurance in Louisiana

The companies shown below offer free quotes in New Orleans, LA. If you want to find cheap car insurance in New Orleans, we recommend you visit several of them to get the cheapest price.

Rates and detailed analysis

The information shown next outlines a range of insurance rates for Hummer H3 models. Having a good understanding how policy premiums are figured helps drivers make informed decisions when comparing rate quotes.

Hummer H3 Insurance Rates in New Orleans, LA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
H3 Adventure Package 4WD $348 $698 $488 $28 $146 $1,708 $142
H3 4WD $348 $698 $488 $28 $146 $1,708 $142
H3 Luxury Package 4WD $348 $698 $488 $28 $146 $1,708 $142
H3 Alpha 4WD $388 $698 $488 $28 $146 $1,748 $146
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Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in your specific New Orleans location which can influence price quotes substantially.

Policy deductible comparison

One of the more difficult decisions when buying auto insurance is where should you set your physical damage deductibles. The following insurance rates illustrate how much more you’ll pay of buying low and high deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second price grid 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 $406 $712 $464 $28 $140 $1,775 $148
H3 4WD $406 $712 $464 $28 $140 $1,775 $148
H3 Luxury Package 4WD $406 $712 $464 $28 $140 $1,775 $148
H3 Alpha 4WD $452 $712 $464 $28 $140 $1,821 $152
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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 $250 $448 $464 $28 $140 $1,330 $111
H3 4WD $250 $448 $464 $28 $140 $1,330 $111
H3 Luxury Package 4WD $250 $448 $464 $28 $140 $1,330 $111
H3 Alpha 4WD $278 $448 $464 $28 $140 $1,358 $113
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price information does not factor in specific location which can raise or lower premiums greatly.

We can estimate from the data above that using a $250 deductible would cost the average driver about $37 more each month or $444 each year than buying the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 20 months between claim filings, you would more than likely save some money if you choose the higher deductible.

Calculation for determining deductible levels

Average monthly premium for $250 deductibles: $149
Average monthly premium for $1,000 deductibles (subtract): – $112
Monthly savings from raising deductible: $37
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important sidenote is that higher deductibles means you will have to pay more out-of-pocket when you have a claim. That will require enough extra money in the event you need to pay the deductible to have repairs made.

The chart below shows how different deductible levels and can impact Hummer H3 yearly insurance costs for each different age group. The premiums assume a single male driver, full coverage, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The example below illustrates the difference between Hummer H3 yearly insurance costs with full coverage compared to only the Louisiana minimum liability coverage. The premiums are based on no claims or driving violations, $250 deductibles, marital status is single, and no other discounts are factored in.

Are you wasting money paying for full coverage?

There isn’t a written rule to drop comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s say your Hummer H3 claim settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $3,000 after the deductible is paid. If you are paying over $300 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.

There are some circumstances where dropping physical damage coverage is not a good idea. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage.

Don’t overlook these Hummer H3 insurance discounts

Companies offering auto insurance don’t always advertise all available discounts in an easy-to-find place, so the below list has a few of the more well known in addition to some of the lesser obvious discounts that may be available.Cheaper car insurance with discounts

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. Just because you may think you can get free auto insurance, car insurance companies aren’t that generous. Any qualifying discounts will definitely lower the premium cost.

The diagram below illustrates the difference between Hummer H3 insurance costs with and without discounts applied to the rates. The costs are based on a female driver, no tickets, no at-fault accidents, Louisiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, multi-policy, safe-driver, and claim-free discounts applied.

If you would like to see a list of insurers that offer multiple discounts in New Orleans, click here.

Hummer H3 Insurance Rate Factors

Many factors are used when you quote your car insurance policy. Some are pretty understandable like your driving record, but some are more transparent like where you live or how financially stable you are. Part of the car insurance buying process is learning the rating factors that go into determining your car insurance rates. When you understand what determines premiums, this empowers consumers to make smart changes that may result in big savings.

The list below includes some of the items companies use to determine premiums.

Better premiums on safer vehicles – Cars with high safety ratings cost less to insure. Safe vehicles reduce injuries and fewer serious injuries translates directly to fewer claims passed on to you as lower rates.

How many miles do you drive? – The more miles you rack up on your Hummer in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based upon how much you drive. Vehicles used primarily for pleasure use qualify for better rates compared to those used for work or business. Verify your vehicle rating reflects the correct driver usage, because improper ratings can cost you money. Having an incorrect usage rating on your H3 can result in significantly higher rates.

Where you live can impact prices – Being located in areas with lower population has definite advantages when trying to find low car insurance rates. Fewer people means a lower chance of having an accident in addition to lower liability claims. Urban drivers have more road rage incidents and higher rates of accident claims. The longer drive time means higher likelihood of an accident.

Bump up comp and collision deductibles to lower rates – Your deductibles define the amount the insured will be required to pay if the claim is covered. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some coverage claims are a windshield broken by a bird, damage caused by hail, and having a roll-over accident. The more you’re willing to pay, the less your car insurance will be.

Qualify for multi-policy discounts – The majority of car insurance companies will give a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. The discount can add up to ten or even fifteen percent. Even with this discount, it’s in your best interest to get quotes from other companies to help guarantee you have the best rates. Consumers may find a better deal by buying from different companies

Local New Orleans insurance agencies

A lot of people still prefer to buy from a licensed agent and often times that is recommended Most agents can help determine the best coverages and help you file claims. An additional benefit of price shopping on the web is that drivers can save money and get better rates and still have a local agent. And buying from local insurance agents is still important in New Orleans.

Upon completion of this simple form, your information is instantly submitted to local insurance agents who can give free rate quotes for your business. It simplifies rate comparisons since you won’t have to do any legwork since rate quotes are delivered instantly to you. If you have a need to compare prices from a specific company, feel free to visit that company’s website to submit a rate quote request.

Finding a good company is decision based upon more than just a cheap price. The questions below may impact your decision as well.

Do the work, save more money

We’ve covered a lot of ways to shop for Hummer H3 insurance online. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the biggest savings come from a smaller regional carrier.

Some insurance providers may not have online rate quotes and most of the time these small, regional companies sell through independent insurance agencies. Cheaper Hummer H3 insurance in New Orleans can be purchased on the web and from local insurance agents, and you should be comparing both in order to have the best chance of saving money.

When you buy New Orleans auto insurance online, never skimp on critical coverages to save a buck or two. In many cases, an insured dropped collision coverage only to find out that they should have had better coverage. Your objective should be to get the best coverage possible at the best cost while still protecting your assets.

How to find cheaper rates for Hummer H3 insurance in New Orleans

The preferred way to get more affordable Hummer H3 insurance is to do an annual price comparison from providers who provide auto insurance in New Orleans.

First, get an understanding of how companies price auto insurance and the modifications you can make to prevent high rates. Many risk factors that are responsible for high rates like speeding and a poor credit rating can be amended by making small lifestyle or driving habit changes.

Second, compare rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from a single company like GEICO or Allstate, while agents who are independent can quote rates from multiple sources.

Third, compare the quotes to your existing rates to see if a cheaper price is available. If you can save money and buy the policy, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, give notification to your current company to cancel your current coverage. Submit the application along with any required down payment to the newly selected company. Be sure to put the certificate of insurance in your vehicle.

One key aspect when comparing rates is to try to use the same deductibles and limits on each quote and and to get price estimates from as many companies as possible. Doing this guarantees a fair rate comparison and a good representation of prices.

Additional learning opportunities