While having car insurance in New Hampshire is not mandatory, there are a few options available to drivers who feel safer having a little protection on the road. The following are a few available insurance options offered in the Granite State to help you better find a more reliable, flexible, and affordable auto insurance policy.
New Hampshire Car Insurance Requirements
In the spirit of New Hampshire’s state motto, “Live Free or Die,” there is no requirement for its drivers to purchase New Hampshire based auto insurance. Be warned that if you do go this route, the state does require you to prove that you have sufficient funds to pay for any damage or injury caused in an at-fault motor vehicle accident.
Optional Car Insurance in New Hampshire
If, as a New Hampshire driver, you do decide to purchase an auto insurance policy there are three types of coverage that you will need to have. The first is liability coverage. This covers others’ medical and property damage costs after an automobile accident that is your fault. The coverage itself needs to include $25,000 in bodily injury coverage per person, $50,000 in bodily injury coverage per incident, and $25,000 in property damage coverage per incident.
You will also need to have medical payments coverage and uninsured motorist coverage. Medical payments coverage helps pay for your injury costs after an accident regardless of who was at fault. If purchasing in New Hampshire, you need to carry a minimum $1,000 in medical payments coverage. Uninsured motorist coverage covers you if you are struck by an uninsured driver. This type of coverage will help pay for medical expenses and property damage. It must carry the same three limits as the liability coverage.
In addition to the basic coverage, as a New Hampshire driver, you can also add the following to your policy:
- Comprehensive Coverage
- Collision Coverage
- Rental Car Reimbursement
- Towing and Labor Coverage
Although comprehensive and collision are not required by the state of New Hampshire, some finance companies require these before they will lend you money to buy or lease a car. Ask about other coverage that may be available when you apply for a quote.
Factors Affecting New Hampshire Car Insurance Rates
While rating factors vary depending on the insurer, there are other factors that may influence your insurance rates. These include your driving record; your age, gender, and marital status; the ZIP code in which you live; the model, make, and primary use of your car; your past insurance history; and your credit history. Your rates will also be affected by the types of optional coverage, if any, on your policy, as well as the limits and the deductibles that you choose to carry. Lastly, other drivers covered on your policy, such as your children or your spouse, will affect the cost of your insurance.
When deciding who is at fault in an accident, New Hampshire uses the comparative negligence system. What this means is that you can recoup injury and property damage expenses from other drivers if you were less than 50 percent responsible for the accident. The amount you do end up recouping depends largely on how much or how little you were found to be at fault.
New Hampshire Car Insurance Discounts
A great way to save money on car insurance in New Hampshire is by looking through available discounts that are offered by insurance companies. Be sure to see which discounts can be applied to your policy when shopping different insurance providers. While the discounts vary, most insurance companies offer discounts such as:
- Good Driver Discount
- Safety Device Discount
- Security Device Discount
- Good Student Discount
- Senior Citizen Discount
- Military Discount
- Paperless Discount
- And More!
Paying a low price on your auto insurance goes beyond discounts as well. The best way to save on car insurance is to follow all traffic laws, avoid accidents, and maintain a violation-free driving record. Following the basic rules of the road will most definitely help towards paying less for auto insurance as your time on the road grows.
New Hampshire Car Insurance Quick Facts
Even though having auto insurance in New Hampshire is not a mandatory requirement, having protection for you and your automobile is always a good idea. Hopefully, with the information provided you will have a better understanding before finding a quote.
As with all shopping matters, make sure you get a variety of different quotes and options from numerous insurance providers before you make your final decision. Doing so can end up saving you hundreds, even thousands, of dollars on auto insurance and better guarantee that you are always properly covered.