New Hampshire Auto Insurance Liability Requirements, Coverage Options

New Hampshire auto insurance regulations offer versatility that you will not find in the majority of other states. That is because if you can prove to the New Hampshire DMV that you have sufficient funds to pay for the results of a car accident that you cause then you are not required to carry auto insurance on your vehicle. Despite popular belief, this does not mean that you can simply go without auto insurance. According to the New Hampshire DMV, if you do not show proof of financial responsibility you are required to carry auto insurance.

If you have ever caused a car accident or have been convicted of driving under the influence of alcohol or drugs, then you will be required to carry liability insurance, even if you can show proof of your financial ability to pay for an accident out of pocket. The minimum requirement for auto insurance in New Hampshire, if you cannot show financial responsibility, is 25/50/25. This means $25,000 bodily injury for one person in an accident, $50,000 bodily injury for all individuals in a single accident, $25,000 property damage. You also need $1,000 medical payment insurance and $25,000 uninsured motorist coverage. It is highly recommended that you also purchase collision coverage as in New Hampshire property damage coverage only covers the vehicle that you strike, not your own vehicle.

Even if you are proven to have the financial means to pay for an accident that you cause, it is highly recommended that you purchase a New Hampshire auto insurance policy; the cost of a severe accident (especially one with deaths) can equal almost a million dollars in cost.

If you have an accident in New Hampshire, you are not required to report it to police unless there is an injury or death in the accident or it appears that damages incurred in the accident will exceed the cost of $1,000. If you do not have auto insurance in an accident you cause, the state will require you to pay for the accident in cash or post a bond equal to the cost of the accident.

If you want to find cheap auto insurance or save money on car insurance there are a few things that you can do. The first thing is to get a car insurance rate quote. You will not know where you can save until you know how much insurance companies want to charge you for your car insurance and what kind of discounts each company offers. You can then visit the insurance company websites that you received quotes from and check on the discounts that they offer. Additionally, you can lower your premium by ensuring that you have the latest safety features on your vehicle as well as minimize your driving and prevent teen drivers from driving your vehicle. In addition, increasing your deductible will lower your premium as well.

Once you have purchased your New Hampshire auto insurance coverage, you should get an auto insurance rate quote every year to ensure you always have the best rate. Nationally, car insurance rates increase by about 7% every year, so checking the rates regularly is another great way to save on your auto insurance premiums.

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You are required to maintain a minimum of $25,000 coverage for a single person's bodily damages, per accident, on your policy for New Hampshire auto insurance.

If you have a clean driving record, and can provide adequate alternative proof of financial responsibility, then you may elect to not carry New Hampshire auto insurance coverage.

Check additional valuable information of your State Insurance department organization.
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