It’s easy to assume that insurance companies don’t want their customers to go rate shopping. Drivers who get price quotes annually are very likely to switch auto insurance companies because there are good odds of finding lower prices. A study showed that consumers who shopped around saved over $3,450 over four years compared to other drivers who never compared prices.
If finding the best price on Hummer H3 insurance is your ultimate objective, then having some knowledge of how to quote prices and compare insurance rates can help simplify the process.
It takes a little time, but the best way to get affordable Hummer H3 insurance is to compare prices at least once a year from insurance carriers that insure vehicles in Madison.
- First, read about what is in your policy and the steps you can take to prevent rate increases. Many rating factors that result in higher prices such as traffic tickets, fender benders, and a less-than-favorable credit history can be eliminated by making minor driving habit or lifestyle changes. This article gives instructions to help prevent high rates and find more discounts that you may not know about.
- Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple insurance companies.
- Third, compare the quotes to the price on your current policy to see if switching to a new carrier will save money. If you can save some money and make a switch, make sure there is no lapse in coverage.
- Fourth, give notification to your agent or company of your intent to cancel your existing policy and submit the signed application along with the required initial payment for your new policy. Once the paperwork is finalized, place your new certificate verifying proof of insurance somewhere easily accessible.
The most important part of this process is to make sure you’re comparing similar limits and deductibles on every quote request and to quote with every company you can. Doing this provides a fair rate comparison and the best price quote selection.
Get cheaper Hummer H3 insurance in Madison with discounts
Companies offering auto insurance do not advertise all their discounts in a way that’s easy to find, so here is a list a few of the more well known and the harder-to-find discounts you could be receiving when you buy Madison auto insurance online.
- Auto/Life Discount – Not every insurance company offers life insurance, but if they do you may earn better insurance rates if you take out a life policy as well.
- Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class in high school.
- Full Payment Discount – If you pay your bill all at once rather than spreading payments over time you could save up to 5%.
- Discounts for Safe Drivers – Accident-free drivers can get discounts for up to 45% lower rates than their less cautious counterparts.
- No Claim Discounts – Drivers with accident-free driving histories can save substantially in comparison with drivers who are more careless.
- Federal Government Employee – Simply working for the federal government could cut as much as 10% off depending on your insurance provider.
- College Student Discount – Any of your kids who are enrolled in higher education away from home and do not have access to a covered vehicle could get you a discount.
- Good Student – Being a good student could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
- Discount for Multiple Policies – If you insure your home and vehicles and insure them both with the same insurance company you will save nearly 15% which can help you find cheap H3 insurance.
A quick disclaimer, most discounts do not apply to the entire cost. Most only apply to the cost of specific coverages such as comprehensive or collision. If you do the math and it seems like all those discounts means the company will pay you, it just doesn’t work that way.
The diagram below visualizes the comparison of Hummer H3 insurance costs with and without discounts. The premiums are based on a male driver, no accidents or driving violations, Wisconsin state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-policy, homeowner, and multi-car discounts applied.
Some of the larger companies that possibly offer many of the previously listed discounts may include but are not limited to:
If you need cheaper Madison auto insurance quotes, ask all companies you are considering which discounts can lower your rates. All car insurance discounts might not be offered on policies in Madison. If you would like to see a list of providers with discount rates in Wisconsin, click this link.
The easiest way to compare rate quotes for Hummer H3 insurance in Madison is to understand almost all companies provide online access to compare rate quotes. The only thing you need to do is provide information like driver ages, if it has an alarm system, marital status, and how you use your vehicles. That rating information is then submitted to multiple companies and they return rate quotes almost instantly.
To start a rate quote now, click here and find out if lower rates are available in Madison.
The companies in the list below offer quotes in Madison, WI. If you want cheap car insurance in Madison, we suggest you visit as many as you can to get a more complete price comparison.
Hummer H3 insurance statistics and information
The coverage table displayed below highlights detailed analysis of insurance premium costs for Hummer H3 models. Learning more about how auto insurance prices are established can assist in making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $140 | $294 | $260 | $16 | $78 | $788 | $66 |
| H3 4WD | $140 | $294 | $260 | $16 | $78 | $788 | $66 |
| H3 Luxury Package 4WD | $140 | $294 | $260 | $16 | $78 | $788 | $66 |
| H3 Alpha 4WD | $156 | $294 | $260 | $16 | $78 | $804 | $67 |
| Get Your Own Custom Quote Go | |||||||
Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Wisconsin minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Table data does not factor in specific Madison garaging location which can decrease or increase auto insurance rates significantly.
Choosing deductibles
The hardest decision when buying coverage is how high should your deductibles be. The comparisons below show how much more you’ll pay of buying low and high insurance deductibles. The first set of rates uses a $100 physical damage deductible and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $224 | $422 | $230 | $14 | $68 | $983 | $82 |
| H3 4WD | $224 | $422 | $230 | $14 | $68 | $983 | $82 |
| H3 Luxury Package 4WD | $224 | $422 | $230 | $14 | $68 | $983 | $82 |
| H3 Alpha 4WD | $248 | $422 | $230 | $14 | $68 | $1,007 | $84 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| H3 Adventure Package 4WD | $164 | $284 | $230 | $14 | $68 | $760 | $63 |
| H3 4WD | $164 | $284 | $230 | $14 | $68 | $760 | $63 |
| H3 Luxury Package 4WD | $164 | $284 | $230 | $14 | $68 | $760 | $63 |
| H3 Alpha 4WD | $182 | $284 | $230 | $14 | $68 | $778 | $65 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Wisconsin minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in the specific area where the vehicle is garaged which can change price quotes significantly.
Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $19 more each month or $228 a year than buying the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to have more than 21 months between claims, you would save more money by going with a higher deductible. The table below shows an example of how you can make this decision for your own policy.
| Average monthly premium for $100 deductibles: | $83 |
| Average monthly premium for $500 deductibles (subtract): | – $64 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
One important issue to know is that increasing deductibles to save money results in a higher out-of-pocket expense when you have to file a claim. That will require some available funds in order to pay the deductible for vehicle repair.
Full coverage versus liability only rates
The chart below illustrates the comparison of Hummer H3 insurance prices when comparing full coverage to liability only. The rate quotes are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no definitive rule of when to drop physical damage insurance, 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 of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your Hummer H3 replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $4,000 after the policy deductible has been paid. If you are currently paying more than $400 a year to have full coverage, then it might be time to consider dropping full coverage.
There are some cases where dropping full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not buy liability only.
Neighborhood Madison auto insurance agents
Some consumers just want to get advice from a local agent and that is OK! Professional agents can point out coverage gaps and will help you if you have claims. One of the best bonuses of comparing rate quotes online is the fact that you can find cheap insurance quotes and still buy from a local agent. Buying insurance from local insurance agencies is important particularly in Madison.
To make it easy to find an agent, after completing this quick form, the quote information is immediately sent to local insurance agents who want to provide quotes for your business. You won’t even need to find an agent on your own due to the fact that quote results will go instantly to you. If you wish to compare rates from a particular provider, feel free to jump over to their website and complete a quote there.
Pick the best car insurance agent in Madison for you
If you want to use a local Madison insurance agency, there are a couple of types of agencies that you can choose from. Insurance policy providers can be classified as either independent or exclusive depending on the company they work for. Either can insure your vehicles, but it’s important to know why they differ since it could factor into the selection process.
Independent Insurance Agencies
Agents of this type are not locked into one company so as a result can place your coverage amongst many companies and get you the best rates possible. If your agent finds better pricing, your policy is moved internally and you don’t have to do anything.
If you are comparing rate quotes, you definitely need to compare quotes from at least one independent agent in order to have the best price comparison. A lot of them also have access to companies that do not advertise much that may have much lower rates than larger companies.
Below is a short list of independent agencies in Madison who may provide free insurance rate quotes.
- R and S Insurance
1520 Vernon St – Madison, WI 53703 – (608) 251-0022 – View Map - Neckerman Insurance Services
6200 Mineral Point Rd – Madison, WI 53705 – (608) 238-2686 – View Map - Wisconsin Insurance Security Fund
2820 Walton Cmns W # 135 – Madison, WI 53718 – (608) 242-9473 – View Map
Exclusive Insurance Agencies
Agents of this type have only one company to place business with such as Farmers Insurance and State Farm. They usually cannot shop your coverage around so you might not find the best rates. They receive extensive training on what they offer and that can be a competitive advantage. Consumers often purchase coverage from exclusives primarily because of the brand and solid financial strength.
Below is a short list of exclusive insurance agents in Madison that can give you rate quotes.
- Kevin Lease – State Farm Insurance Agent
7941 Tree Ln #205 – Madison, WI 53717 – (608) 824-9950 – View Map - American Family Insurance – Jennifer Haack Agency LLC
3312 Packers Ave – Madison, WI 53704 – (608) 249-2182 – View Map - Aaron Perry – State Farm Insurance Agent
2605 Monroe St – Madison, WI 53711 – (608) 238-7107 – View Map
Finding a good car insurance agent requires more thought than just a cheap price. Below are some questions you should ask.
- How is replacement cost determined on your vehicle?
- Do they make recommendations based only on price?
- How long has their agency been open in Madison?
- Is the agent properly licensed in Wisconsin?
- Which company do they place the most coverage with?
- Are they involved in claim handling?
Best car insurance in Wisconsin
Buying coverage from the best insurance provider is hard considering how many companies sell coverage in Wisconsin. The company ratings below could help you select which car insurance companies to look at shopping your coverage with.
Top 10 Madison Car Insurance Companies Ranked by Claims Service
- Progressive
- Travelers
- Liberty Mutual
- Nationwide
- USAA
- AAA Insurance
- Safeco Insurance
- GEICO
- Esurance
- The General
Top 10 Madison Car Insurance Companies by A.M. Best Rank
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Nationwide – A+
- Esurance – A+
- The Hartford – A+
- Erie Insurance – A+
- Progressive – A+
- Allstate – A+
The best rates come from being thorough
When getting Madison auto insurance quotes online, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced physical damage coverage and learned later that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at the best cost and still be able to protect your assets.
Consumers who switch companies do it for many reasons like policy non-renewal, being labeled a high risk driver, delays in paying claims or unfair underwriting practices. No matter why you want to switch, finding a new car insurance company can be easier than you think.
We covered a lot of tips how to shop for Hummer H3 insurance online. The key concept to understand is the more rate comparisons you have, the higher your chance of finding affordable Hummer H3 insurance quotes. You may even find the lowest priced car insurance comes from an unexpected company.
Additional information can be found at these links:
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Who Has Affordable Car Insurance Quotes for a Hyundai Sonata in Madison? (FAQ)
- How Much is Car Insurance for 17 Year Olds in Madison? (FAQ)
- What is Covered by GAP Insurance? (Allstate)
- A Tree Fell on Your Car: Now What? (Allstate)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Determining Auto Insurance Rates (GEICO)