One of the few states that do not require vehicle owners to carry car insurance is New Hampshire, which offers vehicle owners the option to post cash bonds as an alternative. However, the amount required to post the cash bond is roughly enough to buy five cars. So most New Hampshire drivers just buy the insurance. Here’s the latest available information on car insurance in the state of New Hampshire.
New Hampshire Minimum Liability Coverage
The minimum required per-vehicle coverage amount for car insurance in the state of New Hampshire is 25/50/25. This means that a driver must carry no less than $25,000 in coverage against personal injury (also known as Personal Injury Protection or PIP insurance), along with $50,000 in coverage for injuries to others, and $25,000 in coverage against property damage. Experts also recommend Uninsured Motorist (UMI) protection, as roughly eleven percent of drivers in New Hampshire are driving uninsured vehicles.
Penalties for Driving Without Insurance in New Hampshire
Driving without proof of financial responsibility in the state of New Hampshire may result in being ticketed, fined and/or having your drivers license suspended until proof of ability to pay damages is provided. Additional penalties may include reinstatement fees and increased premiums.
Auto Insurance Rates in New Hampshire
New Hampshire has the highest percentage of DUI deaths of all U.S. states. However, according to the Department of Energy, New Hampshire is one of the least expensive states to own a car. In fact, the average annual premium for car insurance in the state of New Hampshire was about $1,450 in May of 2013, low by comparison to the overall national average of $1,670. Statistical reports from Top50States.com suggest that New Hampshire’s relatively low annual auto insurance premiums are due to a strong local economy, low population density and a lower than average percentage of uninsured vehicles on the road.
Low Cost Car Insurance Programs in New Hampshire
One way to get low cost car insurance in New Hampshire is move to Maine. Or at least maintain an address there. After all, Maine is right next door (so to speak) and has the lowest average auto insurance premiums of any state in the USA.
If moving to Maine is not an option for you (or even if it is), the best way to save money on car insurance is to qualify for every possible discount program offered. Special deals include Good Driver discounts, Good Student discounts, Safe Vehicle discounts, Multiple Vehicle discounts and Defensive Driving Course discounts, among others.
Obtaining Auto Insurance Quotes in New Hampshire
According to online consumer reviews, New Hampshire’s favorite auto insurance carriers are Allstate, Farmers Insurance, Geico, Progressive, State Farm and 21st Century. But the state of New Hampshire is home to no less than twenty-five companies that provide auto insurance at competitive rates. All of them are glad to assist you. Ask about their special discounts. Compare quotes and select the best deal. That’s all there is to it.