Insurance Rates

[MisterE]

Hi All,

Now that more of us have brought our H3's home, I was wondering if you would mind sharing what your paying in insurance? The reason I ask is that I went from a 2003 Chevy ZR2 Blazer (sticker @ 30,4070) to H3 Adventure (sticker at 33,714) and my insurance went from $1,300 year to 2,500 year? I figured a bump as the vehicle cost more and rates tend to go up every year, but close to double? (This is the only thing that changed, I didn't move, get a ticket..anything)

[MisterE]

Hi All,

Now that more of us have brought our H3's home, I was wondering if you would mind sharing what your paying in insurance? The reason I ask is that I went from a 2003 Chevy ZR2 Blazer (sticker @ 30,4070) to H3 Adventure (sticker at 33,714) and my insurance went from $1,300 year to 2,500 year? I figured a bump as the vehicle cost more and rates tend to go up every year, but close to double? (This is the only thing that changed, I didn't move, get a ticket..anything)

[First Hummer]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by MisterE:
Hi All,

Now that more of us have brought our H3's home, I was wondering if you would mind sharing what your paying in insurance? The reason I ask is that I went from a 2003 Chevy ZR2 Blazer (sticker @ 30,4070) to H3 Adventure (sticker at 33,714) and my insurance went from $1,300 year to 2,500 year? I figured a bump as the vehicle cost more and rates tend to go up every year, but close to double? (This is the only thing that changed, I didn't move, get a ticket..anything) </div></BLOCKQUOTE>

I just got my bill for my H3 and it was only $95 more than the 2003 explorer I traded in.I pay rite around $1300 a year for the Hummer.

[H3 Buyer to be?]

MR E, that is crazy... WAY TOOOO MUCH

[MisterE]

Whew!! I totally freaked out when I opened the policy renewal, glad to know that this is BS!

I have calls into a bunch of other places, Progessive is 1,500 per year if I pay in 6 month blocks...so I big difference.

I was also told that Hummer parts are harder to get so they do not get the same repair rate discounts as 'normal' vehicles? (This is AAA)? I give them that it isn't a huge production number, but it is a domestic vehicle that shares many common parts with other GM platforms...how hard can it be to get parts?

Thanks for the info guys!

[HummerNewbie]

Just logged into my Progressive account to get a quote and the H3 isn't even available on the site yet. Guess I will have to check into this a little more before I take delivery http://www.elcova.com/infopop/emoticons/icon_frown.gif

[usetosellhummer]

Alot of insurance people mistake the Hummer as a lux price vehicle or give you the rate for the H1 or H2 because their info. is not updated. Make sure they have the correct model, if so switch that is just crazy.

[MisterE]

Hi All,

Thanks for you swift replies! After talking to AAA a glitch was discoved, the credit rating. For some reason, my new credit rating hadn't been processed properly so I was pushed down to a level 2 discount instead of the level 7 I should have been at. This makes TOTAL sense, because if I miss paying my bill on time it MUST mean that I am speeding around and driving erratically! Seriously, it came down to a more reasonable $1,580 per year (10 payments).

Again, thanks for all the input!

[HummerNewbie]

Thats good news E. I have never understood what the hell your credit score has to do with the cost of insurance. I know people with AAA+++ credit with horrible driving records and people with **** credit with clean records. What does it matter other than if you might miss a payment or not http://www.elcova.com/infopop/emoticons/icon_rolleyes.gif

[MxHonda]

Just another excuse to get into your pocket a little deeper...My wife is an insurance broker and says that the industry in whole frowns upon this and it is mostly used in AUTO Insurance to pad the bottom line http://www.elcova.com/infopop/emoticons/icon_frown.gif

[jp's-h3]

YO SUP!
My ins. is w/ farmers $1102.00 per year.
50/50, $1000.00 deductable, multi car discount.
not to bad! JP'S-H3

[Webb70]

Mine actually went down. I was paying $128 per month for my 2001 Escape and now pay $100 per month for the new H3. The broker says that since nobody has crashed one or written one off yet that it gets a high rating. It also has a great crash rating and has never been stolen yet. Go figure....

[woyster_h3]

My H3 is covered through State Farm. I pay $639.41 per 6 months for $500 deductible ($50 other than collision) and a couple discounts. I guess that isn't too bad.

[Lucci]

I pay 781.20 per year with American Family Insurance. 1000 deduct collision and 0 deduct Comprehensive. Live in Wisconsin

[bryan062087]

if ppl who posted their insurance rate only could post their insurance company, i'd be a happy boy.

oh if your insurance company is not available in TN, dont bother =)

[HummerJim]

My insurance rate is only 15% more that I was paying on my 2001 Isuzu Vehicross. Very reasonable, but USAA has very good insurance rates for retired military.

[hutz13]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by usetosellhummer:
Alot of insurance people mistake the Hummer as a lux price vehicle or give you the rate for the H1 or H2 because their info. is not updated. Make sure they have the correct model, if so switch that is just crazy. </div></BLOCKQUOTE>

Sounds like that's what happened, probably somebody punching computer keys mis-categorized your H3 as a previous H1/H2 incarnation. The parts cost story is just blowing smoke by an agent looking for an easy out.

[f5fstop]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by bryan062087:
if ppl who posted their insurance rate only could post their insurance company, i'd be a happy boy.

oh if your insurance company is not available in TN, dont bother =) </div></BLOCKQUOTE>

Have you tried TN Farm Bureau? I just moved to MI from TN and TNFB gave me the best rates on a jeep Wrangler and Corvette, both cars 1300 per year. Can't aay for a H3, but they might be worth calling.

As for the credit rating...it works for homeowners and cars, and the reason is, if you are in debt up to your ears, the stats show you are more likely to commit insurance fraud.

[EFnetOper]

We traded in our 98 VW Jetta for the H3 and our insurance went up $1.33 per month.

That was with Allstate

[GrimReaper]

Wow, seems like a very big differnece in rates. I'm hoping that the descrepancies are becuase the insurance guys have not yet figured out this vehicle. I'm shocked at some of these rates. I currently own two BMW's (and M3 and a Z3, the M3 is getting traded) both of which costs more than a loaded H3, and my total annual bill for both vehicles is around $1300 per year (My agent is Allstate, but they also insure my house and my boat which helps a bit on price). I have NEVER bought a vehicle and had the rates go down. They ALWAYS seem to get adjusted up just ever so much regardless of the price of the new vehicle, but I sure hope my H3 does not costs twice as much to insure as my M3. I would find it hard to belive that parts for a domestic car are much more scarce than are parts for a European car. I already know that the gas will cost more. My M3 takes premium gas, and I can drive all day at 90 mph on the highway and get 25 mpg, but the H3 taking regular gas loping along at 65 mph (getting an estimated 18mpg) will cost about 20% more for gas for a 500 mile road trip.

[H3OH]

Count me in as one that has gone down...and by a huge amount too!

I'm with Allstate and just got rid of my Hyundai Tiburon for the H3 and am paying a cool $63 per month down from my $85 per month.

Allstate offers a SUV discount now and I have my home with them as well. I can't complain one bit!

[Vandakeg]

I just got a quote from Progressive AND Geico... BOTH are quoting over $3000 a year! My driving record is completely clean (26 years old) and I have average credit.

I called Progressive and was told that the H3 info was correct, and I was not being charged the H1 or H2 price.

[HUMRCHIC]

I just went to my insurance company today State Farm. I was paying 900. a year for the 2002 GMC Yukon SLT, Now I will be paying 825.00 per year. Not bad at all.

[Scouts Out]

I have USAA and I added the H3 to my policy with my Jeep and Triumph and it runs $15 more than the Jeep every six months. ($536 per 6 months). that is with a $250 deductable and such. USAA has a good program going for those in the military. The share their dividends and each year I average $250 returned to me. I swear by them even though they have on occasion pissed me really off with stupid stuff.

[TNTH3]

I have Farm Bureau in VA and they had the cheapest rates by far even after paying their membership fees. For H3 its about $850 a year.

[Steve - SanJose]

Insurance with CSAA in California went up $90 per year with the H3 (versus 2002 Toyota Highlander).

S.

[deicustoms1]

That's interesting that a lot of your rates went up, and the fact all your rates are LOW!!!

I went from an 01 dodge stratus 80k miles (bluebook at about $4k) to an 06 h3 3 miles, priced at like $34k with options and my insurance rates dropped $540/year. I was expecting to pay way more per month.

I was paying $3420/year, now I only pay $2800. Oh yeah, that's with zero tickets/accidents/violations, and it's the lowest price I can find. I guess it's part of the joy of being 19.

[Jenyphur]

I pay only $850 a year for my H3. It went up $180 from my 98 Expedition..not too bad. I have a good driving record, multi vechicle discount, homeowners, etc.

[NEOCON1]

AAA $1800.00/year full coverage million dollar policy these two and a beat 90 Z71 http://www.elcova.com/infopop/emoticons/icon_cool.gif 38 yo clean driving record . less than 5k miles/yr for vette and Z71 . 15k/yr = H3 mileage.

[Hrlyrider]

We traded in our 03 Avalanche and the insurance on the H3 is 20 bucks more every 6 months than the Avalanche. Makes it $385.00 every 6 months now. We have State Farm.

[ree]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by GrimReaper:
Wow, seems like a very big differnece in rates. </div></BLOCKQUOTE>

Yes. Different states have different laws. Some are no-fault, some aren't. Some mandate certain PIP/liability/uninsured/medical payout levels some don't. Some people have a $100 deductible, some carry a $1000.

Why wouldn't credit rating matter? Actuarially, it's a quick and dirty representation of your degree of responsibility, as is age, marital status, gender, driving record, whether you own or lease the car, whether yuo own or rent your home, your degree of education, etc.

So for rate comparisons, you really need to talk to someone with at least the same vehicle, in the same state, with the same coverage levels, with the same gender, age and marital status if not credit score.

Otherwise, it really boils down to whether you get good service from a particular company.

BTW, I live in Iowa (a fault state), use progressive, carry a $500 deductible have average liability payouts and I pay $540/yr for an H2 and $410/yr for an 8yo Grand Prix.

[GLBLWARMR]

I too am running with USAA and have to have no fault insurance and other crap coverages for Hawaii. My H2, Montero Sport and renters insurance cost me just under 1800 a year. The H2 is 750 p/yr the Montero Sport is 775 p/yr and the renters insurance is the rest. Pay more for the Montero Sport due to the fact that it doesn't have as many safety and theft protection systems as the H2.

[Scouts Out]

For those of us who have USAA, what type of refunds do you usually get? With katrina and such, I would guess it will be low this year but just wondering of they are the say or based on rates.

[Disnydad]

Just checked what it would cost me if I bought my H3 today. Here in Upstate New York it would cost me $269.22 every six months, or $538.44 per year. That's a $39.20 (per year) increase over my present ride (2002 Ford Supercrew)

State Farm Mutual
Liability limits: $250,000/$500,000
Property Damage: $100,000
Rental coverage: Up to $1000
Towing/Road Service
No Fault med coverage: $150,000
Collision Deduct: $1000
Comp Deduct: $1000 (Full glass)
Uninsured/Underinsured: $250,000/$500,000

[Aqualight]

Im with Allstate. My 6 month policy is $702 with 400 deduct and 100/300/100 coverage.

[Scouts Out]

Between all the USAA policy holders and veteran stickers on the H3s in the pics it seems we have lots of Vets as H3 owners. What units/branch were everyone in? Army (24th ID, 3 ID, 101 ID, and the 28th ID) here

[Viet Nam Vette]

I"m getting ready to write a check for an H3 with in the next 2-3 months.depending on witch I choose 2006 or 2007.

So far I haven't seen anyone fron the Garden State...New Jersy or Joisey as we say post there yearly rate.

But..I can tell you that since we are the Highest Auto Insurance Rate and Property Insurance rate state in the USA I expect to be Royally Screwed..!!

Since this will be my first H3 And new Vehical in many years I am not looking forward to dealing with the insurance companies.

I plan on driving my H3 to work which is 9 miles one way and using it all the time. I can only guess how far they will insert the tire iron where the sun don't shine.

As of now I drive Classic 1973 Thunderbird in excellent condition. The car is used to go to and from work a total 18 miles round trip.I cary no Collision on this car and pay $750.00 a year.

So. I think i'll get on the horne after reading thses post's and see just how much Vasoline I;m gonna need.. http://www.elcova.com/infopop/emoticons/icon_smile.gif

[fourfourto]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">As of now I drive Classic 1973 Thunderbird in excellent condition. The car is used to go to and from work a total 18 miles round trip.I cary no Collision on this car and pay $750.00 a year. </div></BLOCKQUOTE>

In Ny we have clasic/historical Insurance for cars 25 years + and motorcycles 20 years+.I have my 68 442 83 cx650c 83 cm250c all covered for $300.00 with full coverage NO deductable.You should look into that in NJ.

[H3HUMVEE]

It really pay's to shop around for insurance .. mine went from $1,200 a year on my 2001 GMC to over $3,000 on the first Quote for the H3 (GEICO) http://www.elcova.com/infopop/emoticons/icon_eek.gif, but after a little shopping around I got mine insured thru Hartford for around $1100 a year http://www.elcova.com/infopop/emoticons/icon_smile.gif

[Viet Nam Vette]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by fourfourto:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">As of now I drive Classic 1973 Thunderbird in excellent condition. The car is used to go to and from work a total 18 miles round trip.I cary no Collision on this car and pay $750.00 a year. </div></BLOCKQUOTE>

In Ny we have clasic/historical Insurance for cars 25 years + and motorcycles 20 years+.I have my 68 442 83 cx650c 83 cm250c all covered for $300.00 with full coverage NO deductable.You should look into that in NJ. </div></BLOCKQUOTE>


My 65 Vette Is covered under Classic Insurance. But you cannot use the car for work and you must have a 2nd car.

Even though the 73 is classic..I use it for work there by negating the Classic insurance..

[Anonymous]

I pay $625 per year with State Farm. That's no deductibles, maximum coverage, multi-line and accident free. I get a break because they insure my other car, house, boat, and a million dollar umbrella policy for all. Plus, I only drive the H3 about 6,000 miles per year.

[fourfourto]

Even though the 73 is classic..I use it for work there by negating the Classic insurance..


How would they know? Im sure you drove the 65 vet to work.
List some pics of the 65 and the 73 if you get a chance.

[NJHummerGuy]

I am doing $1000 per year with NJM in NJ.

[walc]

I'm insured by GEICO.
The insurance for my new 2005 H2 SUT is less than it was for the 2006 H3, I traded. http://www.elcova.com/infopop/emoticons/icon_confused.gif

[Viet Nam Vette]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by fourfourto:
Even though the 73 is classic..I use it for work there by negating the Classic insurance..


How would they know? Im sure you drove the 65 vet to work.
List some pics of the 65 and the 73 if you get a chance. </div></BLOCKQUOTE>

How Would They Know... They wouldn't............

Untill I smash up my Vette or Thunderchicken during working hours in Atlantic City where I work..Then ..after the police report is filed..The insurance compnay checks into the Crash... Then your in for a long battel to prove you weren't at work.

These guys ain't dumb and it's not worth the risk to challage there smarts. So I'll be a Good boy and Keep her in the garage when I'm at work http://www.elcova.com/infopop/emoticons/icon_smile.gif

And here's some pic's pf the Thunderchicken and the my BB 502 65 Vette..

http://www.geocities.com/daulquad/th1.jpg
http://www.geocities.com/daulquad/th2.jpg
http://www.geocities.com/daulquad/Vet1.jpg
http://www.geocities.com/daulquad/5021.jpg
http://www.geocities.com/daulquad/5022.jpg