New Hampshire is one of the only states in the United States that does not require auto insurance to be carried on vehicles. The only exceptions to this rule applies to persons who have been convicted of DWI, or who have accumulated enough demerits through the New Hampshire DMV.
Although there is no minimum insurance requirements, auto insurance is in place to protect you in case of an accident, and it is recommended auto insurance be in place on your vehicle. Bodily injury, property damage, uninsured motorists, and collision coverage are all recommended to carry on your automobile.
Bodily injury coverage helps pay for personal injuries after an accident. A minimum of $25,000($50,000 max) is recommended. Property damage should include a minimum of $10,000 in protection. This amount is the maximum the insurance company will pay for property damages as the result of the auto accident. Uninsured motorist coverage helps pay for damages incurred in a car accident with a motorist without auto insurance or who does not carry enough coverage to cover the costs of the accident.
Most people do not realize that basic insurance coverage, such as Bodily injury and property damage, will not cover the cost of repairs of their own automobile after an accident. That is where collision coverage comes to play. Adding collision to your auto insurance policy is the best protection available for you. The auto insurance company will repair, up to the Kelley Blue Book value, to an automobile in an accident. Various amounts of collision coverage can be purchased, with $15,000 in coverage being recommended.
The state of New Hampshire follows a Tort System. What this means is, if you are involved in an accident, someone must be found to be at fault for the accident. The person deemed at fault is responsible for all damages whether they carry insurance or not. If the person has auto insurance, damages are usually handled through the person who is at fault’s insurance company. Because New Hampshire is a Tort state, many insurance companies recommend drivers consider carrying higher coverages than the state minimums.
Online quotes are available, free of charge, to help you find the best auto insurance companies and rates in New Hampshire. Visit www.dmv.org/newhampshireto learn more about New Hampshire auto insurance and fun facts, as well as obtain multiple auto insurance quotes in a matter of minutes.