Study up on the pros, cons, and details of short-term car insurance in New Hampshire.
If you're looking for a creative approach to car insurance coverage, you could be considering a short-term auto insurance policy. But short-term car insurance is uncommon for several reasons.
Most insurance companies don't tend to offer contracts for less than six months. As car insurance is mandated by law in most states, there's some risk associated with swapping policies every month. You also risk creating gaps in your car insurance record by frequently changing policies, resulting in higher rates in the future.
Good news: car insurance agreements commonly run just six months. This allows auto insurance companies to frequently “re-rate” — or re-price — the costs using your up-to-date driving profile and demographic profile.
The end of a policy period also provides the perfect opportunity for you to evaluate your insurance and considering other car insurance companies. Shopping policies on the Internet is free, and there isn't a penalty for swapping auto insurance companies when your policy expires — or even mid-term, as long as you don't let your insurance end.
Car insurance's flexible nature makes it easy to find with little notice. If you need an insurance policy before you can drive your new vehicle off the lot, shopping for coverage for a longer-term auto rental or seeking insurance on a vehicle you don't own but drive regularly, think about purchasing a six-month policy and curtailing the agreement as needed.
See below normal car insurance premiums in New Hampshire, ordered by top companies and major cities. If your bills exceed the rates below, think about shopping around.
|Insurance Company||Average 6-Month Rate||Average Monthly Rate|
|New Hampshire State Average — All Companies||$519||$86|
|Concord Group Insurance||$445||$74|
|Commerce Group Inc||$509||$85|
The most budget-friendly option for temporary auto insurance in New Hampshire is USAA, which can save you $6 each month, compared to the second-cheapest company, Concord Group Insurance. In New Hampshire, the average monthly cost of car insurance is $86, or $519 over a six-month contract.
Where you live can have just as large an effect on your auto insurance rates as your choice of insurance company. Auto insurance companies weigh the number of local insurance claims when drafting prices by ZIP. Take a look at insurance prices in major New Hampshire cities and compare against what you’re paying.
|Location||Average 6-Month Rate||Average Monthly Rate|
Because of the myriad factors involved in setting insurance rates, your quotes may not match those displayed above. If your current costs exceed those listed above, weigh your options. The temporary nature of a car insurance agreement increases the importance of staying informed and willing to shop.