Add-on no-fault auto insurance is the predominant form of insurance offered in the state of New Hampshire. Essentially anyone hurt in a car accident will first seek compensation from his or her own policy. This no-fault coverage for bodily injury has been added on to the tort liability system, which still exists in the state. There are no restrictions on lawsuits and using PIP benefits is strictly optional.
New Hampshire Cheap Auto Insurance Plans: Mandatory Coverage
In New Hampshire, car owners are required to prove financial responsibility in order to legally operate their vehicle. For most people this means opting to carry car insurance, even if it is not mandatory. The limits imposed as mandatory minimums for those who chose car insurance as their form of financial responsibility is $25,000 bodily injury per person; $50,000 bodily injury per accident; and $25,000 property damage per person.
In addition, New Hampshire requires car owners to carry Uninsured Motorist coverage. Despite the rather unusual rules for insurance in the state, it only has an estimated 10.9% of drivers being uninsured, a ranking of 33rd nationwide. Even though the state does not have a high rate of uninsured drivers, UM coverage is still a very wise form of coverage for the state to require. New Hampshire also requires drivers to carry Medical Payments coverage in the amount of at least $1000. This helps to provide for the no-fault insurance coverage.
New Hampshire Cheap Auto Insurance Plans: Suggested Coverage
Car owners in New Hampshire who opt for insurance to prove financial responsibility should bear in mind that the minimum liability limits are insufficient. Therefore consumers should opt for recommended liability limits of $100,000 bodily injury per person; $300,000 bodily injury per accident; and $100,000 property damage per accident.
Personal property damage coverage, including collision and comprehensive are required for those with financed vehicles. If your vehicle is not financed, you may still benefit from this coverage if the value of it is high enough. Even though the state of New Hampshire is the 6th lowest for motor vehicle thefts, comprehensive coverage is still a good choice. In addition to theft, comprehensive also covers fire, storm damage and other non-moving risks. Collision covers loss due to at-fault accidents.
In addition to the forms of coverage mentioned, drivers should also consider rental car coverage, as well as towing and labor cost coverage. While these things may be covered by an auto club membership or a premium credit card, if they are not already provided for you, they can be very welcome when needed.
