Auto Insurance in New Hampshire
Auto insurance is not just a legal requirement in New Hampshire; it's a crucial investment that protects you and your vehicle in the event of an accident. Here are some key reasons why owning auto insurance is so important in the Granite State:
- Legal Requirement: New Hampshire state law requires all drivers to carry minimum liability insurance coverage. Failure to comply with this requirement could result in fines, license suspension, and even legal action.
- Financial Protection: Auto insurance provides financial protection in the event of an accident, covering the cost of damages and injuries sustained by you, your passengers, and other drivers involved in the accident. Without insurance, you could be left with significant financial liabilities that could be difficult to manage.
- Peace of Mind: Knowing that you have the necessary coverage in place can give you peace of mind when you're on the road. Accidents happen, but with the right insurance, you can rest easy knowing that you're protected against the unexpected.
- Protection Against Uninsured Drivers: While auto insurance is required by law, not all drivers comply with this requirement. If you're involved in an accident with an uninsured driver, your own insurance can help cover the cost of damages and injuries.
- Coverage for Non-Accident-Related Damage: Auto insurance can also provide coverage for non-accident-related damage, such as theft, vandalism, or damage caused by severe weather.
Little-known Facts About Auto Insurance in New Hampshire
New Hampshire is unique compared to other states in the US when it comes to auto insurance laws. Here are some key ways that auto insurance is different in the Granite State:
- Minimum Liability Coverage: While auto insurance is not mandatory in New Hampshire, drivers who do choose to purchase coverage must carry minimum liability coverage of at least $25,000 per person and $50,000 per accident for bodily injury, and $25,000 per accident for property damage.
- Optional Coverage: In addition to liability coverage, New Hampshire drivers can purchase additional coverage, such as collision coverage, comprehensive coverage, and uninsured/underinsured motorist coverage. However, these additional coverages are not required by law.
- Comparative Negligence: New Hampshire follows a comparative negligence law, which means that in the event of an accident, fault is assigned based on each driver's percentage of fault. This can impact the amount of compensation each driver is eligible to receive from their insurance company.
- Higher Premiums: Despite the lack of mandatory insurance requirements in New Hampshire, auto insurance premiums in the state tend to be higher than the national average. This is due in part to the high cost of medical care in the state.
While insurance is not mandatory, drivers are still held financially responsible for damages or injuries they cause in an accident. It's important to understand the laws and coverage options in the state to ensure you have the necessary protection in place.
Why Should You Purchase Auto Insurance if You Live in New Hampshire?
Owning auto insurance in New Hampshire is not just a legal requirement; it's a smart investment that provides essential financial protection and peace of mind while you're on the road. Don't wait until it's too late - get the coverage you need today.