Car Insurance in New Hampshire
What is Car Insurance?
Vehicles are a necessary mode of transportation for many people in New Hampshire, but they’re hardly a risk-free way to get around. Thousands of accidents occur on a daily basis, and vehicle owners must be prepared in case they’re in one. Part of being prepared means carrying car insurance.
Having car insurance won’t prevent an accident from occurring, but the policy can offer valuable protection post-accident. Depending on a policy’s terms and conditions, it may offer protection from the financial fallout that often follows an auto accident.
Who in New Hampshire Needs an Auto Insurance Policy?
New Hampshire is one of the few states that don’t have compulsory auto insurance requirements. Drivers in the state aren’t legally required to carry an auto policy if they’re able to meet the state’s requirements for financial responsibility. State law defines financial responsibility as being able to pay the following amounts following an accident:
$25,000 for bodily injury or death to a single person
$50,000 for bodily injury or death to multiple people in one accident
$25,000 for property damage in one accident
Although drivers who have such financial resources available might not need to purchase an auto policy, it’s still wise to get one. Even the state’s Division of Motor Vehicles “strongly recommends and urges all owners of motor vehicles” to have insurance. Not carrying a policy can leave drivers dangerously exposed to risk, for accidents can result in costs exceeding the amounts listed above.
What Protections Does Auto Insurance Provide?
The exact protections that an auto insurance policy provides depends on that policy’s terms, conditions, exclusions and limits. The following coverages are available through most policies:
Medical payments which might over injuries sustained by a driver and passengers in the insured vehicle
Bodily Injury Coverage, which might cover injuries sustained by pedestrians and people in other vehicles
Comprehensive and Collision Coverage, which might cover damage sustained to the insured vehicle
Property Damage Coverage, which might cover damage caused to other people’s property
Un-insured and Under-insured Motorist Coverage, which might cover accidents that improperly insured drivers cause
Uninsured and underinsured motorist coverage is important in every state, but it’s especially so in New Hampshire because drivers can legally self-insure.
What is Gap Coverage?
Some auto insurance policies include gap coverage, which is a specialized protection usually designed for drivers who finance their vehicle. In the event that a financed vehicle is damaged in an accident, this protection may cover the difference between the outstanding loan balance and the car’s fair-market value.
Comprehensive and collision coverage normally have limits based on the insured vehicle’s fair-market value, which is why gap coverage is sometimes needed.
Gap coverage is occasionally referred to as “guaranteed auto protection coverage.”
What Factors Impact Auto Policies’ Premiums?
The premiums assessed for an auto policy are based on many factors. Some of the items insurers might consider are:
The age, gender, marital status, age of all drivers
The named insured's credit score
The claims history and driving record of all drivers
Insured vehicle’s year, make and model
Location where the insured vehicle is garaged
Coverages, endorsements and limits chosen
How Can Drivers Get Quotes for Car Insurance Policies?
Properly comparing quotes for car insurance policies involves more than quickly filling out a form and looking only at price. Instead, drivers should carefully assess their assets, risk tolerance and insurance needs. Then, they can request policies from an agent like HPM Insurance, that represents many different insurers, and who compare those policies’ prices and protections for you.
For help with this process, New Hampshire drivers can talk with an experienced HPM Insurance agent. Our agents are able to compare different insurers’ policy offerings, and have the knowledge needed to help make coverage decisions.
Why Work With HPM Insurance?
Why have your Auto Insurance with a company or agent that only represents one company? As an independent agency, our agents work with more than ten companies to find you the best coverage, discounting options and protection designed just for you!
We have been protecting the residents and businesses of New Hampshire since 1860. We know local drivers and we know how to protect them with the right Car Insurance.
Do not delay. Be prepared for life's misfortunes.
Did You Know that Having an Insurance Agency Does Not Necessarily Cost You More Money?
The Auto Insurance ads we are all bombarded with on a daily basis give the impression that working with an insurance agent costs more money than going directly with a company. Every insurance company files its rates with each state it operates in with 100s of variables impacting the premium. Some companies charge more for young drivers, while others weigh an individual's credit score more heavily. The point is that these variables are regularly changing, so why not do business with a local agency that knows these differences and can look at many carriers to find the best coverage and price vs. going directly to a company that only represents its own interests?
Professionalism, better pricing and coverage options, local presence- why wouldn't you want to at least explore getting a quote with an experienced agent?
HPM Insurance offers Milford Car Insurance, Amherst Car Insurance, Bedford Automobile Insurance to local residents and throughout the state of New Hampshire. We have offices in Amherst, Bedford, Bristol and Laconia. If you would like more information or a quote, please feel free to enter your basic contact information. We are happy to show you various coverage and premium options.