Auto Insurance in NH: What You Need to Know

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Auto insurance is a necessary expense for anyone who owns a vehicle. It protects the driver financially in case of an accident or damage to the car. In New Hampshire, having auto insurance is not required by law, but it is strongly recommended. If you are looking for auto insurance in NH, there are a few things you need to know.

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What Auto Insurance Covers

Auto insurance policies in NH typically cover a variety of things, including:

What is Covered
Examples
Bodily Injury Liability
Medical expenses and lost income for someone injured in an accident you caused
Property Damage Liability
Cost of repairs to someone else’s vehicle or property that you damaged in an accident
Collision Coverage
Cost of repairs to your own vehicle after an accident
Comprehensive Coverage
Cost of repairs to your vehicle for events such as theft, fire, or natural disasters

It’s important to note that liability coverage is the minimum required coverage in NH.

Factors that Affect Auto Insurance Rates

When it comes to auto insurance rates, there are several factors that can affect what you pay. These include:

  • Age and driving experience
  • Driving record
  • Type of car you drive
  • Location
  • Credit score

Younger drivers, those with poor driving records, and those who live in areas with high crime rates or high accident rates will typically pay higher rates. Similarly, the type of car you drive and your credit score can also affect your rates.

How to Find the Best Auto Insurance Rates in NH

If you are in the market for auto insurance in NH, there are several things you can do to find the best rates:

  • Shop around: Get quotes from multiple insurance companies to compare rates.
  • Bundle policies: If you have other insurance policies, such as home or renters insurance, consider bundling them with your auto insurance to save money.
  • Choose a higher deductible: A higher deductible can lower your rates, but make sure you can afford to pay it if you get into an accident.
  • Drive safely: Maintaining a clean driving record can help keep your rates low.

FAQs

1. Is auto insurance required in NH?

No, auto insurance is not required by law in NH, but it is strongly recommended.

2. What is liability coverage?

Liability coverage is the minimum required coverage in NH. It covers the cost of damages to someone else’s car or property if you are at fault in an accident.

3. What is collision coverage?

Collision coverage is insurance that covers the cost of repairs to your own vehicle after an accident.

4. What is comprehensive coverage?

Comprehensive coverage is insurance that covers the cost of repairs to your vehicle for events such as theft, fire, or natural disasters.

5. How can I find the best auto insurance rates in NH?

Shop around, bundle policies, choose a higher deductible, and maintain a clean driving record.

Conclusion

Auto insurance is an important expense for anyone who owns a vehicle. It protects the driver financially in case of an accident or damage to the car. In NH, having auto insurance is not required by law, but it is strongly recommended. If you are in the market for auto insurance, be sure to shop around and compare rates to find the best coverage for your needs.

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