Hummer Forums by Elcova  
Forums - Home
Source Decals

Source Motors
Custom. Accessories.

H2 Accessories
H3 Accessories
Other Vehicles

H2 Source

H2 Member Photos
H2 Owners Map
H2 Classifieds
H2 Photo Gallery
SUT Photo Gallery
H2 Details

H2 Club

Chapters
Application

H3 Source

H3 Member Photos
H3 Classifieds
H3 Photo Gallery
H3 Owners Map
H3 Details
H3T Concept

H1 Source

H1 Member Photos
H1 Classifieds
H1 Photo Gallery
H1 Details

General Info

Hummer Dealers
Contact
Advertise

Sponsored Ads










 


Source Motors - custom. accessories.


Go Back   Hummer Forums by Elcova > Hummer H2 Discussion Forums > General H2 Discussion

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 10-01-2003, 01:04 AM
MAC MAC is offline
Hummer Authority
 
Join Date: Nov 2002
Location: The Peninsula, California, USA
Posts: 1,415
MAC is off the scale
Default

Insurance and auto companies collect data from all accidents, defects, repairs, warranty works and claims, which is used to determine the insurance premium of each model of vehicle. I have had cars I didn't think is any big deal, but premium was among the highest for whatever reasons.

In the past months, we have already seen many off road related accidents and damages on this forum, seems like they were covered by insurance or warranty, which is something I did not know. I assume all these must go into national data base to determine the Hummer insurance premium, that is how the insurance business works. This may not matter because a Honda or Toyata is more likely to be stolen.

Just wondering about it because I read so many off road damages here.
Note, this is not a debate about off road or not.
Reply With Quote
  #2  
Old 11-11-2003, 12:55 AM
Road Warrior Road Warrior is offline
 
Join Date: Nov 2003
Location: Sherwood, AR
Posts: 2
Road Warrior is off the scale
Default

Thanks for the quick response and welcome. We have Farmers too so I'm not sure what the deal is unless it has to do with our location.
Reply With Quote
  #3  
Old 10-09-2003, 04:03 PM
PARAGON's Avatar
PARAGON PARAGON is offline
Banned
 
Join Date: Jan 2003
Posts: 24,247
PARAGON has a little shameless behaviour in the past
Default

I did a little research in the recent past that crossed paths with this and other auto insurance issues. My 2001 Yukon XL Denali and my year old H2 have roughly the same insurance costs. They may differ by about $200 annually and I am with State Farm with no culpable accidents but I do have a ticket for speeding on my Harley.

The biggest payouts for insurance companies are more related to personal injury rather than vehicle damage. If you look at the break down on your insurance you'll probably see it reflects this. Some insurance companies try to justify higher premiums on SUV's because they inflict more damage on the occupants of other vehicles in crashes and therefore have to pay out more. I think it's absurd since you have never seen this same line of thinking with pickups simply because they are viewed as more useful vehicles and SUV's are deemed to be simply driveway bling-bling.

I think it is far-fetched to think that one's H2 insurance rates are affected by claims resulting in off-road accidents. I have always owned a 4WD vehicle since I was 15 and have always gone off-road. Going off-road is not something new and if there were effects from off-roading accidents on insurance costs it would have already been reflected in the current premium amounts. I think it's logical to assume that the percentage of owners of H2's who off-road would be in the same ball-park as the percentage of owners of most other off-road capable 4WD vehicles. Insurance is a numbers game and if the companies get together and think they can charge more for one vehicle (because you have to have insurance), even though there is no reason that their costs would be higher, they can gouge the consumers and make them pay whatever they want because its a necessary evil and the consumer wants the vehicle.
Reply With Quote
  #4  
Old 10-10-2003, 03:15 AM
MAC MAC is offline
Hummer Authority
 
Join Date: Nov 2002
Location: The Peninsula, California, USA
Posts: 1,415
MAC is off the scale
Default

As a long time stock holder of Berkshire Hathaway(Warren Buffett), which is largely an insurance holding company, among other things, I read about the insurance business in the annual report. By and large, insurance by itself is not a profitable business, the goal is actually the cash flow it generates. i.e., the premium collected today will enventirally be paid out in claims, but before that money is evitablly gone, insurance companies make money on that money. Since we are talking about billions and billions, the gain is substantial.

It is correct to say it is a numbers game, they must calculate the risk based on available data. Premium from everyone covers the claims from few. For a new model, the data is limited, except the basic known facts, such as HP, weight, categories, etc. As years go by, more data is known, such as high thieft rate, rollover claims, high damage cost, etc. I have no idea if Hummer's offroad damage rate is higher or less than other SUVs, except what I read here. Such data will logically flow into the data bank, which all insurance companies share, that eventually form the basis for future premium calculation.

Since insurance companies share data and DMV keeps record insurance can check at will. If one makes damage claims then switch insurance carrier, as someone above suggested, the claim record will follow that driver/owner.

We may think insurance companies are evil, I certainly think that way sometimes, but Peter(San Diego) rolled his brand new H2 a year ago, got a brand new H2. Many others on this forum had thousands $ in each claim. Where did the claim payments come from? from everyone who has not made a claim. That score must be settled sooner than later.
Reply With Quote
  #5  
Old 11-11-2003, 12:40 PM
drouke drouke is offline
 
Join Date: Nov 2003
Location: Boston, Ma.
Posts: 156
drouke is off the scale
Default

I have Met, my insurance is $4700 a year. I am a step 35. My fellow Taxachussettes residents will know what that is. Having a porsche before my H2 and getting about 8 speeding tickets in the last 3 years hasn't helped.
Reply With Quote
  #6  
Old 11-11-2003, 01:02 PM
ckhagman ckhagman is offline
Hummer Expert
 
Join Date: Jul 2003
Location: PA
Posts: 515
ckhagman is off the scale
Default

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Hum2:
Well Mac:

The insurance industry plays all over these "so called" statistics...like their recent claim that they need to raise SUV rates because SUV's do more damage to other vehicles when in an accident. Bunk! That would be pretty obvious since they weight more/are larger. <HR></BLOCKQUOTE>

What really pisses me off is that the car companies see this and are making SUV's more car friendly in accidents. Hello why would they make a vehicle less safe. Why wouldn't they beef up the cars strength. Reverse engineering.

BTW, don't bother looking at AAA insurance. The Hummer is an unacceptable vehicle. They wouldn't even tell me why. Actually I didn't even try to call them back. I would like to go to the president of AAA and tell him that his vehicle of choice is unacceptable.
__________________
http://www.penta-nut.com
The Most Sirius Off-Road Vehicle
Reply With Quote
  #7  
Old 11-07-2003, 01:27 AM
Road Warrior Road Warrior is offline
 
Join Date: Nov 2003
Location: Sherwood, AR
Posts: 2
Road Warrior is off the scale
Default

PhilD - I'm new to the Forum. Can you contact me with the name of your company? I just traded a 2000 Ford Expedition Eddie Bauer, 4WD fully loaded for an `03 Lux. Same coverage on insurance, the Expedition was $365/6 months vs. $650/6 months for the H2!! Other companies quoted us from $850-950 for same coverage. Some serious price gouging going on here!
Reply With Quote
  #8  
Old 10-01-2003, 01:07 AM
argonaut argonaut is offline
 
Join Date: Jan 2003
Location: Portland, OR
Posts: 609
argonaut is off the scale
Default

Come on MAC, no disclamer will work here... you were definately saying that us offroaders are hurting you soccer mom types(pavement pounders if you prefer). Don't lie to me Mac...

'03 H2 Sunset Orange No mods
'03 BMW M3 Convertible
'02 BMW M5
Reply With Quote
  #9  
Old 10-01-2003, 01:58 PM
argonaut argonaut is offline
 
Join Date: Jan 2003
Location: Portland, OR
Posts: 609
argonaut is off the scale
Default

You are really getting ripped off with the 2k... I am under 25 and have the H2 insured for 1400. Plus I have three tickets and two claims on my record. The flip side is that I couldn't get insurance on my Bimmers, so I had to put them jointly in my dad's name and insure them through him. Quite a PITA if you ask me. This may, my rates go down big time as I hit the 25 level for the H2, probably around 300 bucks or so because the tickets will be off my record too. I agree that the insurance industry is a huge rip off, and that the effect of offroading claims will be minimal compared to the soccer mom's parking lot fender benders. I have a bit of damage on my truck, but I have no plans of claiming it. That would screw my premium up. Likewise I think the vandalism issue is negligable as well.

Mac, note I was joking in my previous response. Just trying to get your goat, that is all.

'03 H2 Sunset Orange No mods
'03 BMW M3 Convertible
'02 BMW M5
Reply With Quote
  #10  
Old 10-01-2003, 04:38 PM
RMST RMST is offline
Hummer Veteran
 
Join Date: Aug 2003
Location: St. Louis, MO
Posts: 187
RMST is off the scale
Default

Has anyone had any problems with warranty issues related to off-roading?
Reply With Quote
  #11  
Old 11-07-2003, 11:45 AM
Centerfire Centerfire is offline
 
Join Date: Oct 2003
Location: Indianapolis, IN
Posts: 440
Centerfire is off the scale
Default

I owned a Insurance agency 100 yrs ago before getting into Law Enforcement. THe big key to your premium issue would be the 3 tickets if they are all within 3 years and if you have a chargable accident, Of course your location makea difference too. Insurnace sucks until you need it.

Just try to keep it alittle slower and it will eventually go down. Of course making it to over 25 will help too!.. Then it is all down hell.

Mike<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by argonaut:
You are really getting ripped off with the 2k... I am under 25 and have the H2 insured for 1400. Plus I have three tickets and two claims on my record. The flip side is that I couldn't get insurance on my Bimmers, so I had to put them jointly in my dad's name and insure them through him. Quite a PITA if you ask me. This may, my rates go down big time as I hit the 25 level for the H2, probably around 300 bucks or so because the tickets will be off my record too. I agree that the insurance industry is a huge rip off, and that the effect of offroading claims will be minimal compared to the soccer mom's parking lot fender benders. I have a bit of damage on my truck, but I have no plans of claiming it. That would screw my premium up. Likewise I think the vandalism issue is negligable as well.

Mac, note I was joking in my previous response. Just trying to get your goat, that is all.

'03 H2 Sunset Orange No mods
'03 BMW M3 Convertible
'02 BMW M5<HR></BLOCKQUOTE>
Reply With Quote
  #12  
Old 10-07-2003, 09:29 AM
Hum2's Avatar
Hum2 Hum2 is offline
Hummer Expert
 
Join Date: Nov 2002
Location: Omaha, NE
Posts: 631
Hum2 is off the scale
Default

Just got back to this thread. Thanks for all the input...I knew I heard laughing when I hung up the phone.

Even funnier....I just called to add a new (used) vehicle to our policy for my daughter (21). Going from a 95 Corsica to a 01 Rio...the rate jumped up $600...why...because they say this vehicle has a higher roll-over possibility than does the Corsica. I said, "this is not a race car, you can barely go fast enough to turn a corner"!

I'll be looking for different insurance again, soon.

Sorry, no off-roading accidents other than paint scrapes/scratches....Hummm, maybe I should make my stupid insurance company repaint the H2, then dump them?!?

Ric

OMAHOG/IHOG
Hum2@cox.net
__________________
OMAHOG/IHOG/MHC
Hum2@cox.net
www.OMAHOG.com
Reply With Quote
  #13  
Old 10-01-2003, 01:42 PM
Buckeye Hummer Buckeye Hummer is offline
Hummer Expert
 
Join Date: Jun 2003
Location: L.A. California
Posts: 959
Buckeye Hummer is an unknown quantity at this point
Default

We pay aroun $1400 for two vehicles H2 and Tahoe through GMAC (MIC) insurance. I did get employee discount though and we have no marks on our record and no claims (YET!)
Reply With Quote
  #14  
Old 10-08-2003, 12:17 AM
Albie's Avatar
Albie Albie is offline
Hummer Authority
 
Join Date: Mar 2003
Location: P-Town and Now Vegas again.
Posts: 1,369
Albie is off the scale
Default

Insurance..... Being mexican leaving in Socal didn't think I needed it...LOl

1500 and just turned 25.
I pay 1600 for a 2002 X5
and 500 for my 92 taco( sr5 didn't have taco's back then)
Reply With Quote
  #15  
Old 10-01-2003, 01:04 AM
MAC MAC is offline
Hummer Authority
 
Join Date: Nov 2002
Location: The Peninsula, California, USA
Posts: 1,415
MAC is off the scale
Default

Insurance and auto companies collect data from all accidents, defects, repairs, warranty works and claims, which is used to determine the insurance premium of each model of vehicle. I have had cars I didn't think is any big deal, but premium was among the highest for whatever reasons.

In the past months, we have already seen many off road related accidents and damages on this forum, seems like they were covered by insurance or warranty, which is something I did not know. I assume all these must go into national data base to determine the Hummer insurance premium, that is how the insurance business works. This may not matter because a Honda or Toyata is more likely to be stolen.

Just wondering about it because I read so many off road damages here.
Note, this is not a debate about off road or not.
Reply With Quote
  #16  
Old 10-01-2003, 03:40 AM
RockYoda RockYoda is offline
 
Join Date: Aug 2003
Location: SoCal
Posts: 65
RockYoda is off the scale
Default

Its really hard to say. I saw a brand new Tacoma (only 3k on the od) flop on its side. The insurance company (don't have clue as to who it was) not pay a penny. Claimed it wasn't covered under their particular policy. I have also seen the exact oppisite from insurace comapanys. I think it all depends on the type of coverage you have.

Unless you are "blazing" a new trail in the middle of the desert (which is bad, Tread Lighly to keep our trails open) You will most likly be on a "Road" when 4-wheeling. 3n34 (which is good 4 wheeling trail) in Big Bear, CA is actually a non-maintained road. If an accident occurs on this "Road" it would be treated just like any other accident (such as being rear-ended on the I10) This is all basied on my limited understanding of the insurance industry and the California Road system. As long as the road has a name or number reconized by CALTRANS than insurance will cover just like any other road. PLEASE DO NOT TAKE MY WORD FOR THIS. I AM NOT AN EXPERT ON ANYTHING! (expect maybe spanking my monkey but i'm sure there are more experiance people than me too)
Reply With Quote
  #17  
Old 10-01-2003, 01:11 AM
RonB RonB is offline
Hummer Veteran
 
Join Date: Jun 2003
Location: Los Angeles
Posts: 206
RonB is off the scale
Default

what insurance companies are you guys using...not liking mine and looking to change horses.

Ron B
Reply With Quote
  #18  
Old 10-01-2003, 01:17 PM
Hum2's Avatar
Hum2 Hum2 is offline
Hummer Expert
 
Join Date: Nov 2002
Location: Omaha, NE
Posts: 631
Hum2 is off the scale
Default

Good point (statistic) Phil!



Ric

OMAHOG/IHOG
Hum2@cox.net
__________________
OMAHOG/IHOG/MHC
Hum2@cox.net
www.OMAHOG.com
Reply With Quote
  #19  
Old 11-11-2003, 02:33 PM
Orbital H2's Avatar
Orbital H2 Orbital H2 is offline
Hummer Expert
 
Join Date: Oct 2003
Location: Back in Orbit watching you...
Posts: 506
Orbital H2 is off the scale
Default

I use AAA and you are right they do not like the H2 very much. if I was goin gto trade in my GMC Van for the H2 they were going to charge me $2k more a year, so I kept the Van and use it as a daily driver and it added $600/year and its good to throw the dingie on when I have to haul it down to the boat.
overall with my tickets, and my mix of cars I am having a hard time finding anything much cheaper

H2 Black Lux, Air Suspension, AEM Intake, soon to be blacked out...
Black 02 Fatboy
300ZX TT 500Hp, 10.5Sec completely Blacked out, Wolfe Sport 600 Turbo, Billet Aluminum FlyWheel, Carbon Claw RPS Turbo Clutch, Dual Pop Intake, HKS Intercoolers/Exhaust
__________________
03 H2 Black Lux, 02 Fat Boy, 06 R1, 08 Ultra Classic, 39' Erickson and one scurvy dog
Reply With Quote
  #20  
Old 10-01-2003, 08:18 AM
DURAMAX TIM DURAMAX TIM is offline
Hummer Professional
 
Join Date: Mar 2003
Location: N.CENTRAL OHIO
Posts: 474
DURAMAX TIM is off the scale
Default

Hey Mac around here Deer are the main cause of millions $$$ damage/ year.
Some damage goes over $5000 on tincan cars.
Unless u get one over the hood, I think the brush guard will take most of the hit on the H2 and the repair cost should be fairly low.
I came w/in FEET of hitting a 10pt buck going to the last Hummer Happening.
Maybe our deer kill $$ savings will offset the offroad $$$ insurance pays.
Also don't forget who wins in most fender benders w/ the H2
__________________
07 White H3 Adventure w/ some black stuff
04.5 GMC D/A CC SLT LB EFI LIVE tuned
98 ZR-2 Blazer
Ex H2&3 owner
My hiking boots and canoe paddle have more miles than most 'offroad' vehicles, over 350 in last year.
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT +1. The time now is 09:47 AM.


Powered by vBulletin Version 3.0.7
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.