New Hampshire Auto Insurance Requirements
Whether you’re moving to New Hampshire for the first time, or just brushing up on your insurance knowledge for a new policy or renewal, you’ll be pleased to know that not only does New Hampshire have the lowest tax burden in the Northeast, it also has the lowest car insurance rates in this pricey area of the country! The reason is simple — it is not mandatory, and therefore, is not regulated by the state, keeping the prices low and competitive.
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You won’t be getting off free and clear, for there are other laws which you need to follow:
- If you have a loan on your car, your financial institution is the primary owner. Before releasing any funds to pay for damages, they will require proof of insurance coverage.
- In order to operate a vehicle in the state, you must be able to satisfy New Hampshire's Financial Responsibility requirement. Minimum coverage amounts are outlined in the table below. A $75,000 single limit policy will also satisfy this requirement.
You should keep in mind that New Hampshire operates under the Tort system. This means that if you are at fault in an accident, claims for both bodily injury and property damage may be filed against you.
| Coverage Type |
Required? |
Minimum Coverage Amount Required |
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You may want to consider purchasing limits of coverage higher than those required by law to protect your assets or property, as you may be personally responsible for any damages above the policy limits.
New Hampshire drivers who want extra protection may want to consider purchasing add-ons to their new or current policy, including collision, comprehensive, or uninsured and underinsured motorist coverage.
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Auto Insurance for Leased Vehicles in New Hampshire (NH)
Most leasing companies in New Hampshire typically require drivers to maintain insurance coverage which exceeds the minimums set by New Hampshire state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:
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New Hampshire Division of Motor Vehicles
Stephen E. Merrill Building
23 HNHen Drive
Concord, NH 03305
www.nh.gov/safety/dmv |
State of New Hampshire Insurance Department
21 South First Street, Suite 14
Concord, NH 03301
www.nh.gov/insurance |
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**Auto Insurance Finder is not an insurance broker or carrier. Content on this site is for comparison and informational purposes only. The products and services listed on this site may not be available in all states.
Last Updated: February 14, 2008
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