Expensive auto insurance can overdraw your checking account and force you to make sacrifices. Doing a price comparison is free, only takes a few minutes, and is a good way to lower your monthly bill. Many insurance companies compete to insure your vehicles, and it can be difficult to compare rates to find the cheapest price
Which Auto Insurance is Cheapest in Hanover?
Lowering your auto insurance rates isn’t really that difficult. All you need to do is spend a few minutes to compare quotes from different insurance companies. It is quite easy and can be accomplished in a couple of different ways.
- The most efficient way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This easy form keeps you from doing separate forms for each company you want a rate for. One form submission will return quotes from many national carriers.
- A more difficult way to find lower rates is to take the time to go to the website for every company you want to comare to request a price quote. For instance, let’s assume you want to compare USAA, State Farm and Progressive. To get rate quotes you would need to go to every website and enter your information, which is why the first method is more popular. For a list of links to insurance companies in Hanover, click here.
Whichever method you choose, ensure you’re using exactly the same coverages and limits with each company. If your comparisons have different liability limits it’s impossible to determine the lowest rate in Hanover.
Discounts are basically free money
Car insurance is not cheap, but you can get discounts that you may not even be aware of. Some discounts apply automatically at the time you complete a quote, but a few need to be inquired about in order for you to get them. If you don’t get every credit you qualify for, you’re paying more than you need to.
- Lower Rates for Military – Being on active duty in the military can result in better rates.
- Life Insurance – Larger companies have a discount if you purchase life insurance from them.
- Multi-car Discount – Having more than one vehicle on one policy qualifies for this discount.
- Multiple Policy Discount – If you have multiple policies with one insurance company you may save 10% to 20% off each policy.
- Accident Waiver – Certain companies will forgive one accident without raising rates if your claims history is clear for a particular time prior to the accident.
- Save over 55 – If you qualify as a senior citizen, you may be able to get a discount up to 10%.
- Seat Belt Usage – Requiring all passengers to use their safety belts could cut 10% or more on the medical payments or PIP coverage costs.
- Defensive Driving Course – Taking a course teaching defensive driving skills could possibly earn you a 5% discount if you qualify.
- Passive Restraints and Air Bags – Cars that have air bags can qualify for discounts of 20% or more.
Keep in mind that most credits do not apply to the entire cost. Most only reduce individual premiums such as comp or med pay. So even though they make it sound like having all the discounts means you get insurance for free, it doesn’t quite work that way. But all discounts will cut your premiums.
Which insurance is the “right” coverage?
When it comes to choosing the best auto insurance coverage for your vehicles, there is no cookie cutter policy. Each situation is unique so this has to be addressed. These are some specific questions could help you determine whether or not you would benefit from an agent’s advice.
- How high should my medical payments coverage be?
- Do I need roadside assistance coverage?
- When would I need rental car insurance?
- Is there coverage for injuries to my pets?
- Do I need PIP coverage since I have good health insurance?
- Can I rate high risk drivers on liability-only vehicles?
If you can’t answer these questions, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.
Auto insurance coverage specifics
Learning about specific coverages of your auto insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages found on the average auto insurance policy.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for expenses for rehabilitation expenses, EMT expenses, funeral costs and hospital visits. They are used to fill the gap from your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like hitting a deer, a broken windshield, hitting a bird and fire damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverage – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as sustaining damage from a pot hole, hitting a parking meter, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to get cheaper collision coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your vehicle.
Due to the fact that many New Hampshire drivers carry very low liability coverage limits (New Hampshire limits are 25/50/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits are set the same as your liablity limits.
Liability car insurance – Liability coverage will cover injuries or damage you cause to a person or their property. This insurance protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy 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 a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as court costs, medical services, loss of income and attorney fees. How much coverage you buy is your choice, but it’s cheap coverage so purchase 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 more liability than the minimum.
Learn more about New Hampshire auto insurance
Additional auto insurance information is available on the website for the New Hampshire Insurance Department found here. New Hampshire consumers can learn about specific coverages, view a list of available companies, discover disciplinary actions, and download brochures.