Car Insurance in New Hampshire: Coverage and Rates

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Car insurance is a mandatory requirement for drivers in the state of New Hampshire. Driving without insurance can lead to fines, license suspension, and legal troubles. However, finding the right car insurance coverage and rates can be a daunting task. This article provides an overview of car insurance in New Hampshire, including the types of coverage, factors that affect rates, and frequently asked questions.

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Types of Car Insurance Coverage

In New Hampshire, drivers are required to carry a minimum of $25,000 bodily injury liability coverage per person, $50,000 bodily injury liability coverage per accident, and $25,000 property damage liability coverage. This is known as the 25/50/25 coverage.

However, drivers can opt for higher coverage limits or additional types of coverage to protect themselves and their vehicles. Some of the additional options include:

Collision Coverage

Collision coverage pays for damages to your vehicle if you collide with another vehicle or object, regardless of who is at fault. This type of coverage is optional but highly recommended, especially if you have a newer or more expensive car.

Comprehensive Coverage

Comprehensive coverage pays for damages to your vehicle caused by non-collision events such as theft, vandalism, or natural disasters. This type of coverage is also optional but can provide added peace of mind.

Uninsured/Underinsured Motorist Coverage

Uninsured/underinsured motorist coverage provides protection if you are involved in an accident with a driver who does not have enough insurance or no insurance at all. This type of coverage is not mandatory in New Hampshire, but it can be beneficial in case of an accident.

Factors That Affect Car Insurance Rates

Car insurance rates in New Hampshire are influenced by various factors, including:

Driving Record

Your driving record is one of the main factors that insurers consider when determining your rates. If you have a history of traffic violations or accidents, you may be deemed a high-risk driver and face higher premiums.

Age and Gender

Younger drivers and male drivers tend to pay higher rates than older and female drivers, as they are statistically more likely to get into accidents.

Vehicle Type

The type of vehicle you drive also plays a role in your insurance rates. High-end or sporty cars typically have higher premiums than sedans or SUVs.

Location

Your zip code can affect your insurance rates as well, as some areas are considered more high-risk than others due to higher rates of accidents or thefts.

Credit Score

Some insurers also take your credit score into account when determining rates, as studies have shown a correlation between credit score and likelihood of filing claims.

FAQ: Car Insurance in New Hampshire

Question
Answer
What happens if I don’t have car insurance in New Hampshire?
Driving without insurance can result in fines, license suspension, and legal penalties. In some cases, you may also be personally liable for damages and injuries in case of an accident.
Can I choose my own repair shop after an accident?
Yes, you have the right to choose your own repair shop. However, you may be required to obtain multiple estimates and negotiate with your insurer to ensure that your repairs are covered.
Do I need uninsured/underinsured motorist coverage?
While this type of coverage is not mandatory in New Hampshire, it can provide added protection in case of an accident with an uninsured or underinsured driver. Consider your own insurance needs and risks when deciding whether to add this coverage.
How can I lower my car insurance rates?
There are several ways to potentially lower your car insurance rates in New Hampshire, such as increasing your deductibles, maintaining good credit, taking a defensive driving course, and shopping around for quotes from multiple insurers.
What should I do if I get into an accident?
If you are involved in an accident, first make sure that everyone is safe and call for medical assistance if necessary. Then, exchange insurance and contact information with the other driver(s) and file a police report. Contact your insurance company to report the accident and initiate the claims process.

Overall, car insurance is an essential aspect of being a responsible and prepared driver in New Hampshire. By understanding your coverage options, factors that affect your rates, and your rights as a policyholder, you can make informed decisions and find the best insurance for your needs.

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