New Hampshire Auto Insurance

Auto insurance in New Hampshire

Vehicle owners are obliged through the law to acquire a valid insurance policy, which will help them stay protected in case of accidents. Whether they are using the respective vehicle for personal or professional purposes, having insurance is mandatory. Should they operate the vehicle without adequate insurance, they are liable for fines of up to $1,000 or the suspension of their driving documents for up to six months. The suspension can affect either the driver's license or vehicle registration. If you are looking to discover more information on the topic of auto insurance in New Hampshire, just keep on reading.

What type of car insurance do you legally need in New Hampshire?

According to the Mandatory Liability Insurance Act, all New Hampshire residents who intend to operate a moving vehicle are obliged to purchase a liability insurance policy. If the mandatory insurance is absent, the associated vehicle registration might be suspended for several months or more. All the states have access to an online insurance verification system, which can be used to determine whether a vehicle has insurance or not.

For a resident to operate a vehicle in the state of New Hampshire, the respective auto insurance must comply with specific guidelines. These might include the following: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($25,000 per accident), uninsured motorist bodily injury ($50,000 per accident and $25,000 per person), and medical payments ($1,000 per accident). It is clear that the full coverage insurance is superior to the minimum liability coverage, particularly since drivers can include options such as comprehensive and collision insurance. It is recommended to choose a higher coverage limit than the one imposed by the law in New Hampshire. Thus, you will be protected in case of a severe accident.

The above-mentioned sums refer to the amount insurance providers are able to pay, should the driver be involved in an at-fault accident. The law requires that all drivers carry a copy of their insurance policy while driving. It is also clear that driving without insurance is illegal in New Hampshire, with consequences including legal fines and the suspension of one's driving documents, as previously stated. If one continues to drive without a valid insurance policy, jail time might be enforced (repeated infraction).

Average cost of auto insurance in New Hampshire

The state minimum auto insurance policy in New Hampshire has a value of $370. However, a full coverage insurance policy has an average value of $999 per year. Collision and comprehensive coverages are not always included in the overall policy, which means drivers will have to pay extra for them. Several factors influence the overall insurance rates, including: presence of prior insurance, type of vehicle, number of miles driven, location, driving record, age, gender, and marital status. It is advisable to choose an insurance policy that guarantees the best possible coverage, not the one that is most affordable.

The average cost of car insurance varies from one state to the other, that is something all vehicle owners are aware of. Usually, these variations exist for both the minimum and the full coverage, including when it comes to options such as comprehensive and collision insurance. Some of the factors influencing these values include: accidents caused by weather elements or conditions, at-fault accidents, number of drivers versus the general population, how many uninsured drivers there are in the respective location, and road conditions.

New Hampshire has a significantly lower rate for the average car insurance than the national median, which is around $1,770. The states with the most expensive auto insurance policies include: California, Colorado, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania. As for the ones with the most affordable policies of this kind, these are: Maine, Nebraska, New Mexico, North Dakota, Oregon, Tennessee, Washington, and Wisconsin. New York has some of the most expensive auto insurance, with $2,996 for the full coverage and $1,339 for the minimum one. Maine, on the other hand, is the most affordable, with $876 for the full coverage and $227 for the minimum one.

Within the state of NH, you might also notice differences between the various cities. Concord has some of the lowest rates to offer, while Manchester stands at the top of the list in terms of cost. The average annual premiums are as follows: Concord - $1,233; Dover - $1,263; Rochester - $1,263; Nashua - $1,360; Manchester - $1,527.

The age of the driver is one of the chief factors influencing the value of auto insurance. it is worth mentioning that this type of insurance is more expensive for young drivers, as they are seen as immature and irresponsible by insurance providers. For instance, a teenage driver is accustomed to paying an annual premium of over $7,700, while a middle-aged driver usually expects a premium of close to $2,000. There are also slight differences between genders, with women paying typically more for auto insurance. Married couples also have access to some of the most affordable auto insurance policies, in contrast to those who are single, widowed, or divorced.

The value of a potential coverage policy is also dedicated in accordance with the driver's credit history. Drivers with exceptional credit can save significant sums on their auto insurance premiums, in contrast to those with a poor credit history who might struggle to pay the high rates. Significantly higher rates are offered to those with prior driving offenses, such as at-fault accidents, reckless driving, speeding, or DUI/DWI. The rates might also vary in accordance with the chosen type of coverage or provider. Drivers are encouraged to add both comprehensive and collision insurance to the state minimum policy.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in New Hampshire. Find car insurance in New Hampshire by city, zip code or county name.

Finding the right auto insurance in New Hampshire

If you are having a hard time finding the right insurance policy, you might consider our help. We have both the necessary experience and knowledge in the field of auto insurance, matching drivers with the best policies for their needs. All the suggested options will fit into your available budget, that is guaranteed. Just give us a call and we will be more than pleased to talk about this matter. Remember, this service is 100% free and it can save you from a complicated research process.