Did you fall for a flashy sales pitch and buy high-priced auto insurance? Believe me, you’re not alone. Since consumers have many choices, it is very difficult to find the lowest price provider.
It’s a great practice to do rate comparisons at least once a year since rates trend upward over time. If you had the best deal six months ago you will most likely find a better rate today. Starting right now, ignore everything you know about auto insurance because it’s time to teach you the best methods to lower your annual insurance bill.
All major auto insurance companies like State Farm and Allstate quote pricing directly from their websites. Getting online rates is fairly straightforward as you just type in the coverage amounts you desire into a form. Once you submit the form, the system automatically retrieves reports for credit and driving violations and gives you a price quote based on these and other factors. Online price quotes streamlines rate comparisons, but the process of having to visit each company’s website and repetitively complete many quote forms can get tiresome after awhile. But it’s absolutely necessary to perform this step if you want to find the lowest auto insurance rates.
Quote rates the easy way
A less time-consuming method to compare auto insurance pricing requires only one form that analyzes rates from multiple companies. It saves time, requires much less work on your part, and makes quoting online a lot less work. Immediately after submitting the form, it gets priced and you can select any one of the price quotes you receive. If you find a better price it’s easy to complete the application and purchase the new policy. It only takes a few minutes and may save quite a bit of money.
To quickly find out if lower rates are available, click here to open in a new tab and complete the simple form. If you have a policy now, it’s recommended that you enter your coverages exactly as they are listed on your policy. This makes sure you will get an apples-to-apples comparison for exact coverage.
Consumers in New Hampshire can’t ignore all the ads for cheaper car insurance from companies such as State Farm and Allstate. They all seem to have a common claim that you’ll save big if you move your policy.
How do they all claim to save you money? It’s all in the numbers.
All the different companies are able to cherry pick for the driver that is profitable for them. An example of a profitable customer might be between 25 and 40, has no tickets, and has great credit. Any new insured who meets those qualifications will qualify for the lowest rates and most likely will save quite a bit of money when switching.
Drivers who do not match the requirements will have to pay a more expensive rate which usually ends up with business going elsewhere. The ad wording is “customers who switch” not “everybody who quotes” save money. That’s the way insurance companies can confidently state the savings. Because of the profiling, it is so important to get quotes from several different companies. It’s just too difficult to predict which company will have the lowest rates.
Companies don’t necessarily list every available discount very clearly, so we researched both the well known and the harder-to-find ways to save on auto insurance. If you’re not getting every credit available, you are paying more than you should be.
A little note about advertised discounts, most of the big mark downs will not be given to all coverage premiums. Some only apply to specific coverage prices like comp or med pay. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky.
To see a list of providers who offer auto insurance discounts in Somersworth, click here.
Some people just want to talk to a local agent and that is OK! Good agents can point out coverage gaps and help file insurance claims. The biggest benefit of getting online price quotes is you can get better rates and still choose a local agent.
Once you complete this simple form, your information gets sent to insurance agents in Somersworth who will give you bids for your business. There is no reason to even leave your home since price quotes are sent directly to your email.
Picking an insurer shouldn’t rely on just the premium amount. Any agent should be forthright in answering these questions:
When searching for an insurance agent, you must know there are a couple types of insurance agents to choose from. Agents are either captive or independent (non-captive). Both do a good job, but it’s good to learn how they are different because it can influence your agent selection.
Captive agents can only place business with one company such as Liberty Mutual, State Farm, Allstate and AAA. They usually cannot place coverage with different providers so they have to upsell other benefits. Captives receive extensive training on their company’s products which helps them compete with independent agents.
Listed below are Somersworth captive agencies that are able to give price quote information.
Allstate Insurance – 66 High St – Somersworth, NH 03878 – (603) 692-0744
Independent agencies are not locked into one company so they have the ability to put coverage amongst many companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, the business is moved internally and that require little work on your part. When searching for an agent, it’s recommended you include at a minimum one independent agency to get the best comparison.
Listed below are Somersworth independent agents willing to provide price quotes.
Great Bay Insurance – 204 Tri City Rd – Somersworth, NH 03878 – (603) 743-4247
Gorman Insurance and Risk Mgmt – 396 High St # 3 – Somersworth, NH 03878 – (603) 692-3431
To view a full list of Somersworth insurance agents, go to this page.
Upon getting reasonable responses to all your questions as well as a affordable price, you may have just found an auto insurance agent that meets your needs to provide auto insurance coverage. But keep in mind policyholders can cancel your coverage whenever you wish so never feel that you are obligated to a specific agent with no way out.
When it comes to choosing coverage, there really is not a “perfect” insurance plan. Each situation is unique so your insurance should reflect that For instance, these questions could help you determine if your insurance needs would benefit from professional advice.
If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.
More detailed New Hampshire auto insurance information is located at the New Hampshire Insurance Department website. New Hampshire consumers can find out industry alerts, read enforcement actions against agents and companies, report car insurance fraud, and learn about insurance regulations.
Learning about specific coverages of a auto insurance policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by auto insurance companies.
Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things like a tree branch falling on your vehicle, rock chips in glass, theft, a broken windshield and damage from getting keyed. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Liability insurance will cover damages or injuries you inflict on other people or property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability insurance covers things such as emergency aid, repair costs for stationary objects, medical services and medical expenses. How much coverage you buy is up to you, but buy as much as you can afford. New Hampshire state law requires minimum liability limits of 25,000/50,000/25,000 but it’s recommended drivers buy higher limits.
Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your vehicle.
Because many people only carry the minimum required liability limits (25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Med pay and PIP coverage reimburse you for bills for things like X-ray expenses, hospital visits, pain medications, nursing services and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage
Collision insurance will pay to fix damage to your vehicle from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims such as damaging your car on a curb, rolling your car and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also bump up the deductible to get cheaper collision coverage.
As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped physical damage coverage and learned later that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the best price while not skimping on critical coverages.
We’ve covered quite a bit of information on how to compare auto insurance prices online. The key concept to understand is the more providers you compare, the higher your chance of finding lower rates. You may be surprised to find that the lowest rates come from a small local company. They often have lower prices on specific markets than their larger competitors like Allstate, GEICO and Progressive.