Unlike in most states, car insurance is not mandatory in New Hampshire. So you may be wondering what this coverage does that makes it worth spending the money on a policy.
Accidents can happen in the blink of an eye. If you are at fault, you can be held liable for other people’s property damage and the treatment of their injuries. Given the high cost of healthcare, an accident that involves injuries can be extremely expensive and could cause you a great deal of financial harm.
If you are involved in a collision, here are a few of the ways that your New Hampshire auto insurance can help.
- Fix your own car: We call this "comprehensive & collision coverage." Although it is not required by the state, it may be required by your lender, or by the dealership if you are leasing your vehicle.
- Fix someone else's car: We call this "property damage liability." If you choose to purchase a car insurance policy in this state, it must include a minimum of $25,000 worth of property damage liability coverage.
- Pay your medical bills: We call this "personal injury protection" or "PIP." This coverage also pays for medical bills for any passengers in your car who may have also been injured in the collision.
- Pay someone else's medical bills: We call this "bodily injury liability." If you choose to purchase a car insurance policy in this state, it must include a minimum of $25,000 per person / $50,000 per accident in bodily injury liability coverage.
You can also opt to include other coverage with your car insurance policy, including roadside assistance & towing and rental car reimbursement. Talk to your local insurance agent to learn more.