How much is auto insurance in Londonderry?
For a male driver living in Londonderry, if he has five years of driving experience with a clean driving record and drives a Honda Accord for about 13,000 miles per year, the average auto insurance from different companies is about $1,087.
What does auto insurance cover?
While each state has different auto insurance regulations, there are six basic types of coverage.
Below is what you need to know. Click here to
read more about the auto insurance liability.
- Bodily Injury Liability
If you hit someone, you'd be responsible for the injured person's medical bills, lost wages, plus pain and suffering. In addition, you would likely have to pay a hefty legal bill if sued. With so many highly-paid professionals driving on the road, more than $50K may be necessary. (The per occurrence coverage is less relevant because most cars on the road have only one person.) So we recommend carrying at least $ 100K per person.
- Property Damage Liability
With so many Teslas and other luxury cars on the road, damaging one of them could quickly generate a loss of over $50K, potentially costing tens of thousands out of your pocket. So we recommend carrying a $100K coverage. The good news is that doubling this coverage from $50K to $100K costs you almost nothing.
- Uninsured/Underinsured Motorist
1 out of 7 drivers on the road is uninsured. They typically only have a little asset. Collecting from them could take years. With this coverage, your insurance pays you immediately if an uninsured/underinsured driver hits you. It is a vital yet inexpensive protection for yourself and your family.
What are the common auto insurance discounts?
Here are some most common discounts for auto insurance.
When you insure more than one car in your policies, you can usually get a multi-car discount for each of them. In other words, it's better to insure all the vehicles in the same policy instead of putting them in separate policies.
If you purchase multiple policies from the same company, you can often get a multiple-policy discount. For example, if you already have auto insurance from a company and then purchase the renters policy from them, you can get a discount on your auto insurance by about 5-15%, depending on the company or state. However, it doesn't mean you should always purchase all policies from the same company because sometimes the saving you can get to buy a standalone renters insurance policy is even higher than the discount for the multi-policy.
Education and Profession
There are two types of education discounts. One is for the degree you earned. The other is for the college you graduated from, which is only available in some insurance companies. For some advanced professions, you can get a decent discount of 10-15%, which may require verification from your employer.
Most companies can discount the premium's comprehensive coverage proportion if you have security-related features such as installing an alarm, anti-theft, steering wheel locking, or anti-lock brakes.
If you don't have any record of violation or accident during the last three or five years, you're considered a good driver for most companies. It is also one of the best discounts for most companies.
For a student who maintains an average grade of B or above can receive a significant discount on their insurance premium. Although, the premium may still be high because students usually don't have long driving experience.
Every insurance company manages its risk differently. But in general, there are standard risks for auto insurance, including No tickets or no accidents within a specific period, no drivers under 25 years old or over the age of 65, and no high-performance vehicles.
Click here to
free and personalized insurance quote to compare all the discounts.
What factors will impact your auto insurance premium?
- Driving records
- Annual mileage
- Education background
- Bundling of multi cars
- Bundling of auto and home policies
- Features of the car (e.g., anti-theft devices)
Auto insurance for All cities in New Hampshire
We also generated a report for all cities in New Hampshire.
Find your perfect insurance policy
Compare the top insurance brands at once for free
Our articles are intended for informational purposes and should not be considered legal or financial advice. Our
articles are not written or reviewed by insurance agents. Consult your policies with your agent or a
professional for details regarding terms, conditions, coverage, exclusions, products, services, and programs.
SafeButler Inc. strives to ensure that the information on this site is up to date, but we will not be held
liable for any delays, inaccuracies, errors, or omissions. This site and all materials contained on it are
distributed and provided "as is" and "as available" for use. SafeButler.com makes no representations or
warranties of any kind, express or implied, as to the operation of this site or to the information, content,
materials, or products included on this site. You expressly agree that your use of this site is at your sole