The sparse geography of New Hampshire sees residents enjoying some of the most affordable auto insurance rates throughout the entire United States. Even though policy costs rose by an astronomical 17% in 2009, drivers in the Granite State were still paying approximately $150 less in premiums compared to the national average of $1,735.
The state of New Hampshire actually operates on a basis of financial responsibility even though Tort laws are still in place. What this effectively means is that a motorist does not have to purchase the minimum level of auto insurance coverage as long as they can provide evidence that they have the financial capacity to deal with liability costs should they be found to be at fault in a road traffic accident.
Even so, most motorists in New Hampshire prefer the cost-effective nature of auto insurance and continue to choose polices that provide the following minimum levels of coverage:
- $25,000 of bodily injury liability per person
- $50,000 of bodily injury liability per accident
- $25,000 of property damage protection
- $25,000 of protection against uninsured or underinsured motorists per person
- $50,000 of protection against uninsured or underinsured motorists per accident
- $1,000 of medical payment coverage
Most policies in New Hampshire are now purchased online. The growing popularity of price comparison websites and the affordability of purchasing over the internet can actually drive down insurance costs even further. This is of particular benefit to motorists in high-risk categories who might struggle to find cheaper policies through a call center or by visiting a land-based outlet.