New Hampshire may not require you to buy car insurance if you own a vehicle. The state of New Hampshire allows its citizens to drive on its public roads as long as they have a clean driving record.
This doesn’t mean New Hampshire streets are full of uninsured drivers. Lenders insist that vehicles purchased with borrowed money are fully insured. Many people finance their cars.
Keep in mind, however, that New Hampshire’s no-insurance-needed rule is only available to drivers who have a clean driving record.
New Hampshire drivers convicted for DUI (Driving Under The Influence) or DWI (Driving While Intoxicated), must have car insurance for at least 3 years to be able to drive legally on New Hampshire roads. A driver who is convicted of a second DWI offense or DUI will need to purchase 5 years of car insurance.
New Hampshire has a point system to help catch drivers who are guilty of lesser offenses. Points can be earned for speeding or running stop signs. After you have earned enough points on your driving record, you can purchase car insurance.
You will need full coverage insurance if you finance a New Hampshire car. Full coverage insurance covers liability insurance up to a minimum 25/50/25. This means that you need to have liability insurance that covers at least $50,000 in medical expenses for everyone involved in an accident. You can also purchase property damage insurance for an additional $25,000 and a maximum of $25,000 each.
Your insurance company might require you to have higher limits depending on the vehicle’s value.
Uninsured motorist coverage (UM) will be required in addition to your liability insurance (25/50/25). Your lender might require that you have additional insurance.
Comprehensive and collision insurance are also required. Comprehensive insurance covers your vehicle against vandalism and “acts of God”, such as hail damage or wind damage. Collision covers the cost of repairing your vehicle if it is damaged by an accident. The value of your vehicle will determine the amount of insurance you need.
Every type of insurance comes with a price. The price will vary depending on the amount of coverage you purchase.
To keep your costs under control, you can increase your deductible. Your deductible is the amount you agree to pay towards any claim before your insurer asks for payment. The deductible is the amount you agree to pay towards a claim. In other words, the higher the deductible, the less insurance company will have to pay. This will result in lower monthly premiums.
To find the best price for your full-coverage car insurance, you need to search online. You will need at least three websites that allow you to compare different policies from different insurance companies.
Don’t skimp. Fill out the forms on at most three different comparison websites. This is because not one website can compare all the New Hampshire insurance companies that offer policies. You can be confident that you’re comparing all the companies in New Hampshire by looking at at least three different websites.
You can be confident that you are getting the best deal on full-coverage car insurance in New Hampshire by taking the time to compare coverage from 3 different websites.