Understanding Car Insurance in New Hampshire
New Hampshire car insurance consumers use this as a basic guide for auto insurance. It is intended to help you by suggesting ways in which you can understand car insurance in New Hampshire, and suggest ways to reduce your auto insurance premiums.
Car insurance premiums will vary by company, but before you buy auto insurance, keep in mind the following things:
- Buy from licenses insurance companies by checking their financial stability
- Review the insurance forms and make sure they abide by state laws
- Buy from licensed individual brokers or agents that answer your questions and are helpful
- Make sure the insurance company educates you about car insurance issues
- Buy from a car insurance company that offers discounts for good driving record and more
Personal Auto Insurance Premiums
Car insurance companies in New Hampshire are required by law to provide minimum coverage for the following liabilities in the accompanying amounts:
Bodily Injury Liability: $100,000 per person, and $300,000 per occurrence
Property Damage Liability: $100,000
Medical Payments: $5,000
Uninsured/Underinsured Motorist: $100,000 per person, $300,000 per occurrence
Comprehensive Collision: $350 deductible, or $500 deductible
How Much Car Insurance Coverage Should I Buy?
To experience the benefits of car insurance, you need to have an accident. No one plans an accident, so you can’t be too sure how much car insurance you will need. You can’t tell how much damage you will cause or whether you or someone else will be injured, nor can you predict of the other driver will have insurance.
Since auto repair costs and health care prices are soaring these days, the cost of Bodily Injury Protection and Damage Claims protection can be much higher than minimum coverage. When choosing the maximum coverage for Auto Liability and Property Damage, think about how much the property damage costs could be, including everything – safety equipment, car technology such as radio or GPS – and determine the total cost as a minimum coverage you will need.
How Car Insurance Companies Determine Your Rates
- Age, gender and marital status – trends indicate different qualities in different groups
- Coverage limits – the price you pay per month, your premium, will reflect how much coverage you bought.
- Household members – the ages and driving records of each licensed driver in your household will likely affect your premium. For example, teenagers will increase your premium regardless of whether or not they ever drive your vehicles.
- Location – where you live and therefore drive your car weighs on your premium. Heavily populated areas often increase your premiums more than rural areas, especially where you vehicle can be exposed to traffic accidents, theft or vandalism.
- Make and model of your vehicle – Newer cars have better safety features and will be damaged less easily than older cars.
- How much you use your car – For example, if your daily usage exceeds set criteria, you may pay more on your premiums.
- Credit history – some premiums may be affected by poor credit history. You may also receive a lower premium if you have good credit history.
How to Get Cheap Car Insurance in New Hampshire
You can find cheap car insurance quotes online simply by entering your information. Ask your car insurance company about the following discounts.
- Anti-theft devices
- Auto insurance/home insurance packages
- Good driver discounts
- Good student discounts
- Low annual mileage
- Multiple auto insured by the same company
