There are over 15,200 miles of public roadway in New Hampshire and ample opportunity for residents to be involved in automobile accidents. A motorist without adequate coverage could be financially devastated by a collision while behind-the-wheel, but buying a suitable policy can be a helpful investment. Drivers in the Granite State are not necessarily required to purchase car insurance, but they are required to be financially responsible in the event that they are “at-fault” for an accident. Choosing not to buy a policy could leave a motorist with costly repairs or medical bills. Motorists are encouraged to consider researching multiple policies and purchasing enough vehicle protection to be adequately insured for a broad range accident related costs at a reasonable price.
A popular way for residents to meet state motor vehicle financial responsibility requirements is to buy automobile coverage. When buying a plan, however, there are certain minimum requirements that must be met. Drivers must purchase a policy that includes bodily injury and property damage liability with limits of 25/50/25, medical payment coverage with a minimum limit of $1,000 and uninsured motorist protection. While seemingly extensive, many NH auto insurance companies encourage residents to consider purchasing more extensive policies with higher limits to be better prepared. An individual’s liability protection, for example, is designed to cover bodily injury and property damage that the policyholder is responsible for. If this basic threshold is exceeded, however, the driver may have to pay any remaining costs out-of-pocket.
Get Extensive NH Auto Insurance Coverage
If a resident purchases a policy, they are encouraged to consider improving on the minimum medical payment coverage that is required by the state. Policyholders are required to carry a limit of at least $1,000 but injuries or emergency procedures that may follow a car accident can quickly become expensive. For example, the average cost of a medium severity emergency room procedure in New Hampshire can range from roughly $629 to $2440 for an uninsured individual. The additional costs of riding in an ambulance, staying overnight in a hospital or physical therapy can also become incredibly expensive. Paying for a higher policy threshold may end up saving a motorist a fair amount of money in the event of an accident.
With additional coverage often comes an increased premium. The NAIC estimates that in 2008 the average expenditure in the Granite State was roughly $727 but taking the time to shop around may help motorists find adequately priced policies that also include suitable levels of protection. Drivers can usually see dozens of estimates at once by starting their search on the Internet by completing a quick quote comparison. By inputting a small amount of information, such as an individual’s age, gender, marital status, driving record and location, a vehicle owner can easily expedite their search. It may also be helpful Understanding How Insurers Use Credit Information to avoid being surprised by specific estimates.