New Hampshire Car Insurance: Easy Guide to Requirements

New Hampshire is a state in the New England region of the northeastern part of the U.S. If you are a first time car buyer looking to buy an insurance policy, it is very essential for you to be aware of all the car insurance laws and requirements of New Hampshire.

One of the best ways to get cheap car insurance in New Hampshire is by opting for the minimum liability or a cheap New Hampshire car insurance policy, often referred to as 25/50/25 policy. The minimum state requirements are:

Bodily injury liability of at least $25,000 for one person in an accident
$50,000 for overall injuries caused in an accident
Property damage liability for up to $25,000

You can also prefer to opt for a $75,000 single limit policy, as it will also satisfy the minimum requirements.

For more information regarding New Hampshire insurance requirements consumers should contact the New Hampshire Insurance Department in Concord at 800-852-3416 or visit their website at http://www.nh.gov/insurance .

New Hampshire Car Insurance Laws:

As per the New Hampshire car insurance laws, it is not mandatory for you to possess an auto insurance. However, if you are found to be at fault of causing an accident and do not have an insurance coverage, you will have to post a cash or bond equal to the amount of damage that you have caused in the accident.

You will also need to meet the New Hampshire Financial Responsibility requirements to continue driving in the state.

Your Uninsured Motorists Coverage should be equal to the limit of Liability coverage you have purchased.

You need to know that if you are involved in an accident and do not have insurance, a lawsuit may be filed against you. Defending such a lawsuit can be very expensive. Therefore, it is better to have auto insurance which will cover these damages.

Getting cheap car insurance in New Hampshire is relatively easy. For this, you need to be aware of some important factors that will help you get a cheap insurance rate. Some of these factors are:

Opt for Higher Deductibles:

One of the best ways of getting cheap car insurance in New Hampshire is by opting for higher deductibles. With higher deductibles, you will have to pay less premiums. If you increase your out-of-pocket deductible from $250 to $500, you could save up to 10% annually.

Enquire about Discounts:

Certain insurance companies offer discounts for attending defensive driving classes, safe driving, maintaining low mileage and being a good student. Hence, you need to ask your car insurance company in New Hampshire whether it offers any of the discounts mentioned above.

You need to consider insurance quotes of different insurance companies before making your final choice.