Has it been a year or more since you last compared quotes for the cheapest Hummer H3 insurance in Anchorage? Being forced to pay for expensive car insurance premiums can overdraw your savings and possibly require you to analyze your spending habits.
Statistics show that nearly 70% of drivers kept buying from the same company for more than four years, and just under half have never even compared quotes to find cheap rates. With the average car insurance premium being $1,158, Anchorage drivers could cut their rates by roughly 35% a year by just comparing quotes, but they assume it’s a waste of time to go online and compare rates. Companies like Allstate and Progressive continually hit you with ads and consumers find it hard to see past the geckos and flying pigs and do the work needed to find the best deal.
You need to take a look at other company’s rates yearly because car insurance prices change regularly. Even if you got the best rates on Hummer H3 insurance in Anchorage a few years ago you may be paying too much now. Forget all the misinformation about car insurance because I’m going to teach you the right way to save on car insurance.
If you have coverage now or just want to save money, you will benefit by learning to lower your rates while maximizing coverage. Choosing the best rates in Anchorage is actually very simple if you learn how to start. Smart shoppers just need to understand the quickest way to compare price quotes using one simple form.
The easiest way to compare car insurance rates for Hummer H3 insurance in Anchorage is to understand most larger insurance companies provide online access to give rate comparisons. To begin a comparison, all you need to do is provide a little information like what you do for a living, if it has an anti-theft system, an estimate of your credit level, and whether you are married. That information is instantly submitted to multiple top-rated companies and you should receive rate quotes quickly.
If you would like to compare rates now, click here and find out if you can get cheaper insurance in Anchorage.
The companies in the list below have been selected to offer comparison quotes in Alaska. To find the best cheap auto insurance in AK, we recommend you click on several of them in order to get a fair rate comparison.
Facts and figures for Hummer H3 insurance
The premium information shown next highlights different insurance policy prices for Hummer H3 models. Being able to understand how rate quotes are calculated can help you make smart choices when comparing insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|H3 Adventure Package 4WD||$302||$498||$356||$22||$106||$1,284||$107|
|H3 Luxury Package 4WD||$302||$498||$356||$22||$106||$1,284||$107|
|H3 Alpha 4WD||$336||$498||$356||$22||$106||$1,318||$110|
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can alter insurance rates noticeably.
Should you buy full coverage?
The example below shows the difference between Hummer H3 premium costs with and without physical damage coverage. The price estimates are based on a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.
Should you pay for full coverage?
There is no specific rule to stop buying comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Hummer H3 settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $6,000 after the deductible is paid. If premiums are more than $600 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some conditions where eliminating full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.
You Can Change Your Insurance Rates
Many factors are used when you quote your car insurance policy. Some of the criteria are obvious like an MVR report, but others are not quite as obvious like your continuous coverage or your commute time. An important part of buying insurance is that you know some of the things that go into determining the level of your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this enables informed choices that could help you find much lower annual insurance costs.
Shown below are some of the items used by companies to determine your prices.
- Your car’s features help determine rates – Owning a car with a theft deterrent system can help lower your premiums. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder your vehicle from being stolen.
- Buy a safe car and pay less – Vehicles with high crash test scores are cheaper to insure. Vehicles engineered for safety result in less severe injuries and lower rates of occupant injuries translates into fewer and smaller insurance claims and lower rates for you. If your Hummer H3 is rated at least four stars on Safercar.gov you may pay a lower rate.
Does auto insurance cost more for males? – Over the last 30 years, statistics show that men are more aggressive behind the wheel. However, this does not mean men are worse drivers. Women and men cause accidents in similar percentages, but the male of the species have costlier accidents. Men also statistically get higher numbers of serious violations like driving under the influence (DUI).
The illustration below compares Hummer H3 yearly insurance costs for male and female drivers. The price estimates are based on no violations or accidents, full coverage, $250 deductibles, single status, and no discounts are applied to the premium.
Responsible drivers have lower rates – Just one ticket can increase rates by as much as twenty percent. Good drivers get better prices compared to drivers with tickets. Drivers who have gotten serious violations like DUI, reckless driving or excessive speeding might be required by their state to complete a SR-22 with their state motor vehicle department in order to keep their license.
The information below demonstrates how citations and at-fault fender-benders influence Hummer H3 insurance premiums for different ages of insureds. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
High performance equals high costs – The make and model of the car or truck you drive makes a substantial difference in determining your rates. Lower performance four cylinder passenger vehicles usually have the lowest premiums, but many other things help determine your insurance rates.
The chart below assumes a married female driver age 40, full coverage with $500 deductibles, and no discounts or violations. It illustrates Hummer H3 car insurance rates compared to other models of vehicles that have different performance risks.
Auto insurance just makes sense
Even though it’s not necessarily cheap to insure a Hummer in Anchorage, paying for auto insurance serves a purpose in several ways.
- Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to drive the car legally. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Hummer with a loan, almost every bank will make it mandatory that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank may buy a policy for your Hummer for a lot more money and make you pay a much higher amount than you were paying before.
- Insurance safeguards not only your Hummer but also your financial assets. It also can pay for medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of carrying enough insurance more than cancel out the cost, especially for larger claims. Despite what companies tell you, the average driver is overpaying more than $865 each year so compare rate quotes at least once a year to make sure the price is not too high.
Best auto insurance company in Alaska
Finding the right insurer can be rather challenging considering how many choices you have in Anchorage. The ranking information shown below can help you decide which auto insurers you want to consider putting your business with.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies