Is car insurance required in New Hampshire? New Hampshire is not like most other states. Technically, you are not required to get insurance, but there are some exceptions. Regardless, it’s always a good idea to be protected.
New Hampshire is not like most other states. Technically, you are not required to get insurance, but there are some exceptions.
Regardless, it’s always a good idea to be protected. In this post, we’ll help you answer the question, “Do you need car insurance in New Hampshire?” See also What Type of Insurance is Humana Gold Plus?
Is Car Insurance Required in New Hampshire?
New Hampshire’s official motto is “Live Free or Die.” With a philosophy like that, it’s no surprise that New Hampshire does not require everyone to obtain auto insurance.
That being said, if you do not acquire insurance, you must provide proof that you have enough money to meet the New Hampshire Motor Vehicle Financial Responsibility Requirements.
Without insurance, you are still liable for the costs of bodily injury or property damage in the event of an accident.
A lawsuit could be filed against you, and you could be ordered to pay the damages. Even if you were not at fault in the accident, the cost of defending yourself in court might pile up.
Auto insurance in New Hampshire will safeguard you from encountering these circumstances.
According to Valuepenguin.com, if you fail to pay the other party’s due expenditures from the collision, your license may be suspended.
Without insurance, you are also liable for repairing your car. If you need to rent something, you will have to pay for it out of pocket.
It is in your best interests to be insured so that you do not have to pay out of pocket.
Indeed, the New Hampshire Department of Safety recommends on its website that all vehicle owners should carry liability and property damage insurance.
When Proof of Insurance Is Required
According to TheHartford.com, you may be required to provide evidence of insurance in certain situations.
Keep in mind that this is not an exhaustive list of all the situations in which proof of insurance is required.
Individuals with a DWI on their record must provide proof of insurance for three years following the incident.
The more DUI convictions a person is convicted of, the longer they will have to provide proof of insurance.
Certain convictions on a person’s record compel them to provide evidence of insurance. For example, leaving the scene of an accident or being charged with two counts of reckless operation.
Uninsured drivers who cause an accident must provide proof of insurance for at least three years following the accident.
In some situations, the filing period may be extended. For example, an extension may occur when defaulting on a payment agreement or if a judgment is obtained against the driver.
A Driver Record Report is an official way to find out if you’re required to file proof of insurance. When you are required to provide proof of insurance, you complete the SR-22 form.
This form guarantees you’ll have insurance for the next three years.
At the very least, you must obtain a liability insurance policy. To file proof of insurance, you should speak with an insurance professional who can guide you through the procedure.
If you want to know if you have enough time to be released of your obligation to provide evidence of insurance, contact the Bureau of Fiscal Responsibility. Request that they review your record for you.
What Is Liability Coverage?
Liability coverage pays for damages that you are legally obligated to pay. Liability coverage does not cover any costs associated with damage to your car.
If you choose to obtain liability insurance, you must meet the following minimums for an accident in which the owner of the covered vehicle is at fault:
- $25,000 for bodily harm or death of one individual.
- In the case of an accident involving two or more individuals, coverage is $50,000, while property damage is covered at $25,000.
What Coverage Is Available In New Hampshire?
The following auto insurance types are available for purchase in New Hampshire:
- Auto Liability Coverage: This covers expenditures incurred as a result of a car collision in which you are at fault. It will even cover the expense of an attorney. There are two types to choose from: bodily injury liability coverage and property damage liability coverage. They perform exactly what their titles imply. The first covers bodily injuries, while the second covers property damage caused by the accident.
- Uninsured or Underinsured Motorist Bodily Injury Policy: This policy protects you if you are involved in a collision with a motorcyclist who is uninsured or underinsured and is held accountable for the expenses.
- Medical Payments Coverage: This covers your expenses regardless of who is at fault in the accident. It will only pay expenses for three years after an injury.
- Collision Coverage: This plan will cover the costs of vehicular damage caused by a collision with another vehicle or item.
- Comprehensive Coverage: This plan will pay for any damage done to your vehicle other than an accident. For instance, thievery, hail, and fire.
- Towing and Labor Coverage: This plan covers your expenses if your automobile breaks down and requires towing or roadside repairs.
According to New Hampshire Statutes, NH RSA 264:15 and NH RSA 264:16, if you get auto insurance, you must also purchase medical payment coverage and uninsured motorist coverage.
You do not need to acquire Collision or Comprehensive Coverage to protect your vehicles unless your loan provider requires you to.
Get Yourself Coverage.
Even though car insurance is not required in New Hampshire, it is still a good idea to be insured.
You never know what can happen, and having auto insurance will keep you from incurring massive debt.
Liability insurance is the basic minimum required to protect you, but collision or comprehensive coverage is often recommended.
Even if you don’t own a car, you may profit from non-owner insurance if you intend to rent another person’s vehicle.
Overall, there are numerous options available, and it is advisable to shop around to ensure you pick the best plan for your needs.