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Most of us know that a new or used car will depreciate by about twenty percent the minute we drive it off the lot. So unless you put 20%PRCTG% down on your auto loan, you stand to owe considerably more than the value of your car for quite some time. If you buy a moderately priced car of %20,000, then your loan could be for %4,000 more than the price your vehicle would be valued at. Cars are getting more expensive, and many of us are taking out loans for one hundred percent of the value of the loan!

However most insurance companies consider the value of your car to be your book value, and not your loan value. This may seem unfair since your loan may require you to keep comprehensive insurance! However, if you car is wrecked or stolen within the first year, and your insurance only reimburses you for book value, you could owe thousands of dollars on a car that you cannot drive. You will still be responsible for the balance of the loan no matter what amount your inssurance company pays if they choose to total your car.

To protect yourself against an insurance company decision to total your car, you should consider buying car gap insurance. This type of insurance will pay off the balance of your auto loan. However car dealers often charge %500 – %700 for this type of insurance. You do not have to buy auto gap insurance at the dealer! You can buy the very same sort of gap insurance online and direct for less than %300.

Gap insurance is available in the US, UK, and other countries. As cars get more expensive, people finance larger percentages of their auto purchases, and often finance 100%PRCTG%, so gap insurance is becoming a very popular option. If you want to protect one of your most expensive investments, you should consider automobile gap insurance.

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You may not have to buy automobile insurance at all. If you live in the state of New Hampshire and you have a clean driving record the state of New Hampshire does not require that you purchase automobile insurance.

Of course, if you finance your vehicle then the company that loans you the money for your purchase will certainly require that you buy full automobile insurance coverage. And if you have less than a stellar driving record you will also be required to purchase automobile insurance by the state.

What are some of the reasons that the state of New Hampshire will require that you purchase automobile insurance?

If you are convicted of DUI (Driving Under the Influence) or if you are convicted of DWI (driving While Intoxicated) you will automatically be forced to purchase automobile insurance for a minimum of 3 years before you?re allowed back on the roads of New Hampshire. If you are convicted of either offense a second time you?re looking at a mandatory 5 years of purchasing automobile insurance.

If you collect too many ?points? you can also be forced to buy automobile insurance. Points are ?earned? by such things as running stop signs, speeding, failing to follow the orders of a police officer, even such things as driving on a sidewalk. You get the picture.

The number of points you need to earn before the state forces you to buy automobile insurance depends on your age.

So even though the state of New Hampshire may not require their good drivers to carry automobile insurance, the fact remains that a large portion of New Hampshire driver do need to buy car insurance and many of them want to get cheap automobile insurance online.

Before you jump online and start filling out forms there are a few simple things you may be able to do that will help keep your rates their absolute lowest.

Obviously having a clean driving record is important. DWIs and DUIs and speeding tickets will force your automobile insurance rates through the roof.

Believe it or not, your credit rating can even affect how much you pay for car insurance, so do everything you can to keep your credit rating excellent.

Purchasing different types of insurance, such as medical and homeowner?s insurance from the same insurance company can also result in lower monthly automobile insurance premiums through what are commonly called Multi-Policy Discounts.

If you?re in school stay there and work hard to get at least a ?B? grade point average. Most automobile insurance companies offer a Good Student Discount on car insurance.

Older drivers should ask their insurance company if they can take a Driver?s Refresher Course. Not all companies offer such a course, but those that do provide a nice premium discount for drivers who take the test and pass.

If you drive an older car consider dropping any collision or comprehensive coverage you might have. If your car has little or no Kelly Blue Book value then your insurance company won?t pay to repair it even if you are paying for the insurance.

Finally consider raising your deductible. Work out how much you could afford to pay from your own pocket if you were involved in an accident. The more you can pay ? the higher your deductible ? then the less your insurance company will charge you in monthly premiums.

Now it?s time to get online and find the very best rates you can possibly find. Be sure to take the extra time to fill out forms on at least 3 different sites so that you can be assured of comparing as many different companies in New Hampshire as you possibly can.

Once you have taken the time to check three different sites then you can sleep easy at night knowing that you have gotten the cheapest automobile insurance that you possibly can anywhere in the state of New Hampshire.

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