Do You Need Car Insurance In Nh - New Hampshire is different from most states. Technically, you don't have to have insurance, but there are exceptions to that rule. Regardless, it's always a good idea to stay covered. In this article, we'll help you answer the question, "Do you need auto insurance in New Hampshire?"
New Hampshire's official motto is "Live Free or Die". With a motto like that, it's a wonder New Hampshire doesn't require everyone to have auto insurance. That said, if you don't buy insurance, you must show that you have enough money to meet New Hampshire's vehicle financing requirements.
Do You Need Car Insurance In Nh
Without insurance, in the event of an accident, you are still liable to pay the costs of bodily or property damage. A lawsuit may be filed against you, and you may be required to pay damages. Even if you were not at fault in the accident, you can pay to defend yourself in court. New Hampshire auto insurance will protect you from going through these situations.
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According to Valuepenguin.com, if you do not pay the responsible costs of the accident to another party, your license can be suspended. Without insurance, you are responsible for repairing your own car as well. You will have to pay for a rental out of pocket as well if you need to use one. Obviously, it's in your best interest to be covered, so you don't have to pay out of pocket.
In fact, the New Hampshire Department of Safety states on their website that they strongly recommend that all vehicle owners carry liability and property damage insurance.
Thehartford.com says that in some cases you must show proof of insurance. Under the following circumstances, you are required by law to show proof of insurance. Remember that this is not a comprehensive list of all cases where proof of insurance is required.
A driver's report is an official way to find out if you need to submit proof of insurance. If you need proof of insurance, fill in form SR-22. This form guarantees that you will have insurance for the next three years.
Best Cheap Car Insurance In New Hampshire (from $68/mo)
At the very least, you should buy a liability plan. To submit proof of insurance, you should speak with an insurance representative to help you through the process.
If you want to know if enough time has passed for you to be exempt from your requirement to submit proof of insurance, you should contact the Bureau of Financial Responsibility. Ask them to review your record for you.
Liability coverage covers the costs of damages that you are legally responsible for paying. Liability coverage does not cover any costs associated with damage to your own vehicle.
If you decide to purchase liability insurance, it is necessary to meet the following minimum requirements for an accident in which the owner of the insured vehicle is at fault:
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According to New Hampshire Statutes, NH RSA 264:15 and NH RSA 264:16, when you purchase auto insurance you must also purchase medical payments insurance and uninsured motorist insurance. You do not need to purchase collision coverage or comprehensive coverage to cover your vehicles unless your loan provider forces you to do so.
While you are not required to have auto insurance in New Hampshire, it is always in your best interest to be covered. You never know what will happen, and car insurance can save you from a catastrophic debt. The minimum to protect you is liability insurance, but it's best to also have collision or comprehensive coverage.
Even if you don't own a car, you can still benefit from non-owner insurance if you plan to borrow someone else's car. Overall, there are many options, and it's a good idea to shop around to make sure you find the best plan for your circumstances.
Hearst Autos Research, conducted independently of the editorial staff of Car and Driver, provides articles about cars and the auto industry to help readers make informed purchasing choices.
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"A Big Ripple in a Small Part: Lack of Whole Chip Holds Auto Industry," The New York Times, Oct. 14, 2021
Can I Go Without Car Insurance In New Hampshire?
National Highway Safety Traffic Administration (NHSTA), US Department of Transportation; first half of 2021 compared to 2020
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There are many reasons for the current increase in car insurance rates across the market. Here are some of the notable ones:
Starting in early 2020, people started staying at home due to the pandemic. They generally drive less, which results in fewer accidents. In 2021, people began to return to pre-pandemic behaviors such as frequent driving. More cars on the road usually mean the possibility of more accidents. There is also an increase in the severity of car accidents.
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Another contributor affecting the auto insurance market: The value of most vehicles—new and used—is increasing. In fact, used car prices increased by 26.4%; New car prices rose by 9.8%.
What causes this? As with many other price increases taking place in the US and around the world today, demand for cars, SUVs and trucks – and their parts – is increasing at a time when supply is shrinking.
In addition, many of the people who moved out of the cities and into the suburbs and rural areas during the pandemic now need cars for transportation. This creates a new form of demand beyond the usual reasons why individuals buy new cars.
Vehicle supply is shrinking largely because key materials such as semiconductors, needed for the computers found in today's cars, have experienced a breakdown in production during the pandemic. Even if production resumes, current supply is still less than existing and pent-up demand. Like many other products imported into the United States, countless new cars and the components to make them sit on ships and docks, waiting to be transported to dealers and factories throughout the United States.
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More expensive vehicles and parts also make repairs and replacements more expensive. Until October 2021, the average cost of car insurance has increased by 20% and the cost of parts has increased by 6%.
There are other factors unrelated to national and global events that can increase your car insurance rates:
Although some insurance price increases are out of your control, there are things you can do to keep them in check.
In addition to standard coverage, find out if your carrier can offer you additional safe driver benefits. Offers for example:
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Car insurance is a necessary expense for many people, and there are different ways to save. Here are 10 ways to save on your car insurance.
As automotive technology continues to improve to help us drive safely, there is an opportunity to help increase awareness of your driving habits.
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See how combining multiple policies, a safe driving history or low mileage can make a big difference in your monthly premium. "Expert verified" means that our Financial Review Board has thoroughly evaluated the article for accuracy and clarity. The review board consists of a panel of financial experts whose goal is to ensure that our content is always objective and balanced.
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Written by Elizabeth Rivelli Written by Elizabeth RivelliArrow The Right Insurance Contributor Elizabeth Rivelli is a contributing insurance writer for and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, etc. Connect with Elizabeth Rivelli on LinkedIn Linkedin Get in touch with Elizabeth Rivelli via email Email Elizabeth Rivelli
Edited by Amelia Buckley Edited by Amelia BuckleyArrow Right Insurance Editor Amelia Buckley is an insurance editor covering auto, home and life insurance. He emphasizes creating informative, engaging and nuanced content to support readers in making personal insurance decisions. Amelia Buckley
Reviewed by Mark Friedlander Reviewed by Mark FriedlanderArrow Right Director of Corporate Communications, Insurance Information Institute Mark Friedlander is Director of Corporate Communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Connect with Mark Friedlander on Twitter Twitter Connect with Mark Friedlander on LinkedIn Linkedin About our review board
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