Car Insurance in Concord, NH - 8 Tricks to Save Money

Tired of not being able to afford each month for car insurance? You are in the same boat as the majority of other car owners in New Hampshire. Online insurance companies like State Farm, Allstate, GEICO and Progressive continually hit you with ads and it can be hard to sift through the bull and find the best price available.

How much can you save with these eight discounts?

Car insurance companies don't always list every discount in a way that's easy to find, so we took the time to find both the well known as well as the least known ways to save on car insurance. If you aren't receiving every discount available, you are throwing money away.

Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if it's offered in school.
Payment Method - If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
Save with a New Car - Buying coverage on a new vehicle is cheaper compared to insuring an older model.
Employee of Federal Government - Active or retired federal employment can earn a discount up to 10% with a few car insurance companies.
Low Mileage Discounts - Fewer annual miles can earn better rates on cars that stay parked.
Distant Student - Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
Homeowners Pay Less - Simply owning a home may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
Good Students Pay Less - Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.

As a disclaimer on discounts, many deductions do not apply to the entire cost. A few only apply to individual premiums such as liability and collision coverage. Even though it may seem like you could get a free car insurance policy, car insurance companies aren't that generous.

Save 15 percent in 15 minutes? Is it for real?

Consumers in New Hampshire get pounded daily by advertisements for the lowest price auto insurance from companies such as State Farm, Allstate and GEICO. They all make the same claim about savings after switching your policy.

How can each company claim to save you money?

Different companies can use profiling for the right customer that earns them a profit. For example, a driver they prefer might be between the ages of 40 and 55, has no tickets, and has excellent credit. Any new insured who matches those parameters receives the best rates and is almost guaranteed to save when they switch companies.

Potential customers who don't meet the requirements will be quoted higher prices which leads to the customer not buying. Company advertisements say "customers that switch" but not "drivers who get quotes" save that kind of money. That's why companies can truthfully make those claims. This emphasizes why you should get as many comparisons as possible. It's just too difficult to predict the company that will have the lowest rates.

Even more information can be found at the New Hampshire Insurance Department website. Visitors are able to download brochures, view a list of available companies, file complaints about an insurance agent or broker, and read industry bulletins.

A tidy conclusion

While you're price shopping online, it's not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped physical damage coverage only to regret at claim time they didn't purchase enough coverage. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

Cheap car insurance can be purchased both online in addition to many Concord insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.