While the state of New Hampshire may not require that you purchase automobile insurance, if you finance your automobile then your lender will demand that you do purchase full automobile insurance coverage in order to protect their investment.
Also, while the state of New Hampshire is rather lenient in its demand that its citizens purchase automobile insurance, the state's generosity does have its limits.
For example, if you have a DUI (Driving Under the Influence) or a DWI (Driving While Intoxicated) conviction, you will be required to purchase automobile insurance for a full three years. A second such offense and you will be required to purchase automobile insurance for five full years.
New Hampshire has also initiated a policy of ?points? which may be accumulated by each driver ? too many points (based on an age formula) and you will be required to purchase automobile insurance.
Negative points can be accumulated on your driving record for such things as failure to follow the orders of a police officer, driving on a sidewalk, running a stop sign, speeding and so on. Accumulate too many points and you will be required to purchase automobile insurance.
If you do have to purchase automobile insurance there are several steps you can take to help keep your monthly premiums down.
First, always drive safely and within the law. Tickets for speeding, or any DUI or DWI conviction will send your automobile insurance rates through the roof.
Young drivers are considered a special risk and their premiums generally reflect that fact. However, drivers who remain in school through age 25 and who maintain at least a ?B? grade point average can qualify for a Good Student Discount with most insurance companies.
Similarly, drivers 55 and over can often qualify for a discount on their monthly premium if they take and pass a special driver's refresher course. Not all insurance companies offer such a program for older drivers, so check with your company to see if you might qualify.
One of the quickest ways of lowering your monthly insurance premium is to increase the deductible on your policy. When you increase your deductible you are agreeing to pay a larger portion of the cost to repair your vehicle if there should be a claim. If you agree to pay a larger part of the repair costs associated with a claim, your insurance company will reduce your monthly premium payment.
So now that you have the facts it's time for you get online and start comparing different policies from different insurance companies side-by-side until you find just the right policy at the lowest price you can find. If you take the extra time to make comparisons on more than one website you will be more likely to have gotten comparisons from every insurance company in New Hampshire and you can then feel confident that you have gotten the best rates on automobile insurance that you are ever likely to find in New Hampshire.
If your home is being financed ? in other words, if you pay a monthly mortgage on your home ? then your mortgage holder requires that you carry homeowner's insurance. But did you know that you are under no obligation to purchase any particular homeowner's insurance? In other words, your lender cannot tell you which insurance company you must purchase a policy from, nor can they tell you which policy you must purchase.
And because you are free to purchase homeowner's insurance from any company you wish, it's possible for you to shop online and get the very best rates possible on homeowner's insurance here in New Hampshire.
But before we do that, let's consider a few simple steps you can take to lower your monthly premium as far as it can possibly go.
Do not try to save money by under insuring your home. If your home is destroyed your insurance needs to be sufficient to rebuild your home from the foundation up in today's dollars. That means you may need to consult a contractor or, at the very least, a knowledgeable real estate agent in order to determine what the true replacement cost of your home is.
Insure your home and its contents for the true replacement cost in today's dollars ? but do not include the value of the land upon which your home sits. You do not need to insure land ? only what sits on top of the land.
A great deal of your premium is based on the perceived fire danger to your home and to the possibility of a burglary. Therefore, if you take a few simple steps to reduce the threat of fire to your property, and if you make your home less of a magnet to burglars, your monthly homeowner's insurance premium will reflect that fact and be considerably lower.
Start by clearing all brush and weeds and any trash away from all building on your property. Clear a space at least ten feet away from any building.
Add a few motion-sensitive lights to the property and trim any bushes around doors or windows which might provide cover for a burglar.
All exterior doors must have a working deadbolt and all windows ? regardless of what floor they are on ? must have a working lock.
Smoke and fire detectors must be installed as per the manufacturer's instructions and each must have a working battery. Be sure to change batteries twice yearly, each time you set your clocks ahead or back an hour.
Your kitchen needs a fire extinguisher of the proper type for a kitchen.
If you can afford it, a security system that is connected to a third party which monitors your home night and day for fire and burglary can reduce your homeowner's insurance by as much as 30% -- and the monthly savings can go a long way toward paying for your new peace of mind.
Now it's time to jump online and find at least two different websites that will allow you to make side-by-side comparisons of homeowner's insurance and prices from a number of different insurance companies. By doing this you can feel confident that you have gotten the best rates on homeowner's insurance that you'll find in the state of New Hampshire.
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