New Hampshire, unlike most states, does not require good drivers to buy auto insurance. Good drivers are the key word.
A DUI (Driving Under Influence) conviction or DWI (Driving While intoxicated) conviction will immediately require a driver to purchase car insurance for at most three years. A New Hampshire driver who is convicted of the same offense twice must purchase additional five-year car insurance.
New Hampshire can also require drivers to purchase car insurance if they are found guilty of other infractions. New Hampshire uses a point system that allows drivers to earn points for different infractions such as speeding or running a stop sign. If you accumulate enough points, you will also need to buy car insurance.
To protect your collateral, the financing institution will ask you to have full insurance coverage if you finance your vehicle.
Even though New Hampshire will allow some of its top drivers to drive without car insurance, most New Hampshire residents must still purchase car insurance. This means that there is still a lot of New Hampshire residents who are comparing low-cost car insurance and looking for the best deal.
Before you start comparing insurance prices, make sure you fully understand the factors that affect how much you will pay each month.
You will pay more for insurance if you finance a car. The more expensive the car is to purchase and repair, the higher the cost of your insurance. People often fall in love with a car and worry about the down payment. They don’t consider the monthly insurance premium. This is a huge mistake.
Drivers under 25 years old can usually get a discount on their car insurance, provided they keep in school and have a minimum “B” average. Most car insurance companies will also offer discounts for “Good Students.”
Passing a refresher course for older drivers could help you save a lot of money. Although not all insurance companies offer this program, those that do usually deduct up to 10% from your monthly premium if they pass the course.
The amount you pay for car insurance each month will depend on your driving record. DUIs, DWIs and speeding tickets can not only force you to purchase insurance but can also make it more expensive. Premiums for “bad” drivers may be up to 50% more than those for the same policy for a good driver.
A quick way to reduce your monthly premium is to increase your deductible. Although you will have to pay more out of pocket for any claim you make, increasing your deductible can help lower your monthly premium. When deciding on a deductible that you can afford, consider all options.
It’s now time to go online and compare prices between different car insurance companies. You should be aware that at least three different comparison websites are required to compare your prices. Every website compares only a few companies. No site can compare all of them. To compare as many car insurance companies as you can, it is important to use a variety of websites.
Once you do the research, you will feel confident about choosing a car insurance company.