Never Shop For Hampton, NH Auto Insurance Without Knowing These Money Saving Methods

Overpriced auto insurance can overdraw your savings account and put a big crunch on your finances. Doing a price comparison is free and is an excellent way to make sure you’re not throwing money away.

There are many car insurance companies to insure vehicles with, and although it’s a good thing to have a selection, lots of choices makes it harder to compare rates and find the lowest cost auto insurance.

Learn How to Lower your Rates

It’s important that you understand the different types of things that help determine the rates you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that could result in much lower annual insurance costs.

The following are some of the items companies use to determine premiums.

  • Teen drivers pay high rates – Youthful drivers in New Hampshire have a tendency to be more careless in a vehicle so auto insurance rates are higher. Mature drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers.
  • Tickets mean higher rates – Good drivers tend to pay less for car insurance compared to drivers with tickets. Even one moving violation can increase rates twenty percent or more. Drivers with flagrant tickets like DWI, reckless driving or hit and run convictions are required to file a SR-22 with their state motor vehicle department in order to keep their license.
  • Rural vs Urban Areas – Residing in small towns and rural areas can save you money when talking about auto insurance. Lower population translates into fewer accidents. City drivers have traffic congestion and a longer drive to work. More time commuting translates into higher accident risk.
  • Claim-free discounts can add up – If you frequently file small claims, you can look forward to higher rates. Companies in New Hampshire give better rates to people who file claims infrequently. Insurance coverage is meant to be used in the event of larger claims.

Discounts are available to cut your rates

Auto insurance companies don’t always publicize all available discounts in a way that’s easy to find, so the following is a list of some of the best known and the harder-to-find discounts you could be receiving.

  • Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% depending on your company.
  • Homeowners Discount – Simply owning a home can save you money due to the fact that maintaining a home demonstrates responsibility.
  • Anti-lock Brakes – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less than less cautious drivers.
  • Use Seat Belts – Using a seat belt and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Paperwork-free – Some insurance companies may give you up to $50 for buying your policy on their website.
  • New Vehicle Savings – Buying coverage on a new vehicle can be considerably cheaper compared to insuring an older model.

It’s important to understand that most discount credits are not given to the entire policy premium. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because you may think you can get free auto insurance, you won’t be that lucky.

To choose companies who offer auto insurance discounts in New Hampshire, click this quote Hampton New Hampshire

Buyer beware of auto insurance advertising tricks

Auto insurance companies such as Allstate, GEICO and Progressive constantly bombard you with television and radio advertisements. They all seem to make an identical promise that you can save if you switch to them. But how can every company say the same thing?

All the different companies are able to cherry pick for the driver that earns them a profit. A good example of a profitable customer might be profiled as between the ages of 30 and 50, a clean driving record, and has great credit. A customer who matches those parameters will get the preferred rates and therefore will save when switching.

Drivers who do not match these standards must pay higher premiums and ends up with the customer not buying. Company advertisements say “customers that switch” but not “drivers who get quotes” save money. That’s the way insurance companies can make those claims. This illustrates why you should compare many company’s rates. It’s not possible to predict which company will give you the biggest savings.

Everyone needs different coverages

When it comes to buying coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s needs are different so your insurance should reflect that These are some specific questions could help you determine if your insurance needs might need professional guidance.

  • Can I afford to buy a different vehicle if my vehicle is totaled?
  • Are split liability limits better than a combined single limit?
  • Can I still get insurance after a DUI?
  • Is my cargo covered for damage or theft?
  • What if I don’t agree with a claim settlement offer?
  • Do I qualify for additional discounts?
  • Am I covered when pulling a rental trailer?
  • Will I be non-renewed for getting a DUI or other conviction?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.

For more reading

Additional detailed information can be found at the New Hampshire Insurance Department website. New Hampshire drivers can read enforcement actions against agents and companies, report car insurance fraud, and file complaints about an insurance agent or broker.

The following information may also be useful.

insurance quote Hampton New Hampshire

Affordable insurance is out there

Cheaper auto insurance is definitely available both online as well as from independent agents in Hampton, and you need to price shop both to have the best selection. Some companies don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.

We just showed you many ideas to reduce auto insurance prices online. The key concept to understand is the more times you quote, the better your chances of lowering your rates. You may even find the best price on auto insurance is with an unexpected company. These smaller insurers may only write in your state and offer lower rates as compared to the big name companies such as State Farm, GEICO and Nationwide.

As you go through the steps to switch your coverage, never skimp on coverage in order to save money. In many cases, consumers will sacrifice comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The aim is to buy the best coverage you can find at an affordable rate while still protecting your assets.