Buying car insurance can be easy, especially if you’re shopping online. You can research companies and coverages, get a quote and buy your insurance, all from the comfort of your home – or anywhere else, for that matter. Before you start the quoting process, though, there are several questions you should be prepared to answer.
Do I need Car Insurance?
Almost every state requires that you buy car insurance if you own a car. New Hampshire is one of the few states that does not. Instead, New Hampshire drivers need to provide proof that they’re financially responsible and can pay for the damages if they cause a car accident. In New Hampshire, you are required by law to pay the cost of bodily injury and property damage if you cause an accident. The easiest way to make sure that you can do this is to buy car insurance.
How Do Car Insurance Deductibles Work?
A car insurance deductible is the amount of money the policy owner pays out-of-pocket on an insured loss before the insurance company pays.
This is unlike most health insurance deductibles, where the policyholder pays out-of-pocket for a certain amount. Once a set limit of out-of-pocket expenses has been reached, the health insurance company usually takes over most or all of the remaining payments.