New Hampshire Commercial Vehicle Insurance

Get a full analysis of New Hampshire commercial vehicle costs, coverage, and companies.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.

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Male driver standing in front on his truck. New Hampshire Commercial Vehicle Insurance.

Find the Best Commercial Vehicle Insurance Options in New Hampshire

Commercial vehicles in New Hampshire come in all shapes and sizes. If your business owns and operates any vehicles, you need commercial vehicle insurance to protect you when one of them is involved in an accident.  

Commercial vehicle insurance can cover just about any vehicle you need for your business. And it can prevent a serious accident from impacting your company’s bottom line. An independent insurance agent in New Hampshire can help you find competitively priced coverage that is compliant with all state and federal laws and affordable for your business. 

Best Commercial Vehicle Insurance Companies in New Hampshire

Several insurance companies offer commercial vehicle insurance in New Hampshire. Where do you even start your search? 

The following are some of the best commercial vehicle insurance companies in New Hampshire. They are highly rated for their mix of valuable coverage offerings and competitive pricing. 

  • Progressive: Progressive is based in Ohio but offers commercial vehicle insurance across all 50 states, including New Hampshire. New Hampshire business owners can look to Progressive for most of their business insurance needs. 
  • Nationwide: Nationwide provides commercial auto insurance and other popular types of business insurance coverage in New Hampshire. The company is headquartered in Columbus, OH, and is represented by independent insurance agents in 50 states. 
  • Liberty Mutual: Liberty Mutual is headquartered in Boston, MA, and has been offering business insurance since 1912. Today, the company offers a flexible, multi-line range of coverages, including commercial vehicle insurance, designed to meet the needs of any business, regardless of size or industry. 
  • Travelers: Travelers offers highly-rated commercial vehicle insurance in New Hampshire. The company provides a variety of other business insurance options, including inland marine, workers' compensation, and general liability. 
  • EMC Insurance CompaniesEMC is in the top 60 business insurance companies in the United States. The company specializes in designing well-rounded insurance programs to protect the financial assets of many types of businesses and organizations.

An independent insurance agent in your area can help you learn more about these and other New Hampshire commercial vehicle insurance companies. A local agent can help you get competitive quotes for the coverage that fits your needs.

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New Hampshire Commercial Vehicle Insurance Requirements

New Hampshire motor vehicle laws do not require you to carry auto insurance. However, commercial vehicle owners in New Hampshire must be able to demonstrate financial responsibility if they’re at fault for a car accident. 

While not mandatory, New Hampshire commercial auto insurance policies provide coverage that protects your business. Most business owners in the state choose to purchase commercial auto insurance for this reason. 

If you purchase commercial auto insurance in New Hampshire, your policy must include the following coverage for each covered vehicle, at a minimum:

  • $25,000 bodily injury liability coverage per person
  • $50,000 bodily injury liability coverage per accident
  • $25,000 property damage liability coverage per accident

New Hampshire also requires uninsured motorist coverage of $25,000 per person and $50,000 per accident.

Your insurance agent might recommend higher liability coverage limits based on the types of vehicles you own and how they’re used. Certain other types of heavy vehicles may have additional liability requirements depending on the type of vehicle and how it’s used. Your independent insurance agent can help you learn more about the requirements for commercial vehicle insurance in New Hampshire.

What Commercial Vehicle Insurance Covers in New Hampshire

Businesses are much more likely to be sued than individuals and far more likely to be sued for large sums. Commercial auto insurance works to reduce the financial risks you take by putting your employees and property out on the highways and roads each day. 

All commercial vehicle insurance policies in New Hampshire will include at least the state-mandated coverage. 

  • Bodily injury liability coverage: Protects your business if you or one of your drivers injures or kills someone else while driving a company-owned vehicle. It covers an injured party's claims for damages, including medical expenses, lost wages, and pain and suffering. It also covers your legal defense fees if another party involved in the accident sues you.
  • Property damage liability coverage: Pays for any damage that you or one of your drivers cause to the property of others (e.g., another driver’s car) and for your legal defense if you are sued.
  • Uninsured/underinsured motorist coverage: Covers your driver’s medical expenses and your vehicle’s damage following an accident caused by an uninsured or underinsured driver. 

In addition, insurance companies offer several other types of coverage that may be included as standard in their policies or offered as optional coverage. 

  • Collision coverage: Covers damage to your vehicle sustained in a collision, regardless of who was at fault. 
  • Comprehensive coverage: Covers the cost to repair or replace your vehicle if it is damaged or totaled by a non-collision event such as a hailstorm or theft.
  • Medical payments coverage: Helps pay for medical, dental, and funeral expenses for you or your passengers, regardless of who is at fault for an accident.
  • Towing and roadside assistance: Covers the cost of a service call if your company vehicle becomes disabled while it is out on the road. 
  • Non-owned or hired auto liability insurance: Provides liability coverage for non-owned vehicles being used for business purposes, such as when you rent or lease a vehicle or when you or an employee use a personal vehicle for business purposes. 

Your local independent insurance agent can help you determine which coverage types may be beneficial for your unique needs. 

Average Cost of Commercial Vehicle Insurance in New Hampshire

The cost of commercial auto insurance can vary significantly from one New Hampshire business to the next. Insurance companies assess risk and calculate rates according to a variety of factors that are unique to your business, including:

  • The number of vehicles your business is insuring
  • Each vehicle’s type, year, make, model, and safety features
  • Each vehicle’s passenger capacity if used for transporting people
  • Whether your vehicle(s) will be used to transport hazardous materials
  • The estimated number of miles your vehicle(s) will be driven annually
  • The driving histories of the employees who will be operating the vehicles
  • The amount of coverage you wish to purchase

Because each insurance company has its own method for determining costs, it pays to compare rates before purchasing a policy. That way, you can be sure you are getting the coverage you want at a competitive price. An independent insurance agent can help you understand all the risks you face and get quotes for affordable commercial auto insurance in New Hampshire. 

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Find Commercial Auto Insurance

Our independent agents shop around to find you the best coverage.

How to Find the Best Commercial Vehicle Insurance Quote in New Hampshire

Finding the best commercial auto insurance quote in New Hampshire requires comparing several insurance companies and making an informed choice. But you don’t have to go it alone. 

An independent insurance agent in New Hampshire can help you obtain quotes and choose the one that offers the best coverage for your needs and budget. A local agent can answer your insurance-related questions, offer trustworthy advice, and obtain customized quotes from multiple insurance companies. And an independent agent works for you, free of charge, to help you through the process. 

New Hampshire Commercial Vehicle Insurance FAQs

Commercial vehicles are assumed to face greater risks than most personal vehicles. They are out on the road more, and for that reason alone have a greater risk of being involved in a crash. 

If your commercial vehicle is involved in an accident that results in serious injuries or fatalities, you can be faced with a very expensive lawsuit. And even minor fender-benders can result in property damage costs and loss of income for your business. Any New Hampshire business that owns vehicles needs commercial auto insurance to protect itself from the large financial losses that can result from a car accident.

Commercial auto insurance is not required in New Hampshire. If you have business vehicles registered in the state, you must provide proof of financial responsibility if you wish to forgo purchasing commercial vehicle insurance. This ensures you’ll be able to pay for damages if you cause an accident. 

All commercial vehicle insurance policies in New Hampshire must include at least the following types of coverage:

  • Bodily injury liability coverage: Protects your business if you or one of your drivers injures or kills someone else while driving a company-owned vehicle. It covers an injured party's claims for damages, including medical expenses, lost wages, and pain and suffering. It also covers your legal defense fees if another party involved in the accident sues you.
  • Property damage liability coverage: Pays for any damage that you or one of your drivers cause to the property of others (e.g., another driver’s car) and for your legal defense if you are sued.
  • Uninsured/underinsured motorist coverage: Covers your driver’s medical expenses and your vehicle’s damage following an accident caused by an uninsured or underinsured driver. 

In addition, your commercial vehicle policy in New Hampshire may include several other types of coverage, including:

  • Collision coverage: Covers damage to your vehicle sustained in a collision, regardless of who was at fault. 
  • Comprehensive coverage: Covers the cost to repair or replace your vehicle if it is damaged or totaled by a non-collision event such as a hailstorm or theft.
  • Medical payments coverage: Helps pay for medical, dental, and funeral expenses for you or your passengers, regardless of who is at fault for an accident.
  • Towing and roadside assistance: Covers the cost of a service call if your company vehicle becomes disabled while it is out on the road. 
  • Non-owned or hired auto liability insurance: Provides liability coverage for non-owned vehicles being used for business purposes, such as when you rent or lease a vehicle or when you or an employee use a personal vehicle for business purposes. 

If you purchase commercial auto insurance in New Hampshire, your policy must include the following coverage for each covered vehicle, at a minimum:

  • $25,000 bodily injury liability coverage per person
  • $50,000 bodily injury liability coverage per accident
  • $25,000 property damage liability coverage per accident

New Hampshire also requires uninsured motorist coverage of $25,000 per person and $50,000 per accident.

Your insurance agent might recommend higher liability coverage limits based on the types of vehicles you own and how they’re used. Certain other types of heavy vehicles may have additional liability requirements depending on the type of vehicle and how it’s used.

Business owners in New Hampshire can deduct from their taxes the ordinary and necessary cost of any business insurance policy as a business expense. This includes any insurance policy that is common, helpful, and appropriate for your industry. What’s more, most businesses are required to carry some types of business insurance — including commercial auto insurance — because of state laws, industry regulations, or contracts. Premiums for these policies are tax-deductible. 

In addition, self-employed people who use their cars for business-related purposes can deduct many of the expenses associated with that vehicle, including car insurance premiums. If you use your car strictly for work-related purposes, you can write off all costs associated with operating and maintaining it. If your car use is mixed between business and personal reasons, you can only deduct costs that are related to the business usage of the vehicle.

Commercial vehicle insurance costs in New Hampshire can vary significantly from one business to the next. In general, commercial auto insurance costs more than personal auto insurance. 

The following factors influence what you’ll pay for New Hampshire commercial vehicle insurance:

  • The number of vehicles your business is insuring
  • Each vehicle’s type, year, make, model, and safety features
  • Each vehicle’s passenger capacity if used for transporting people
  • Whether your vehicle(s) will be used to transport hazardous materials
  • The estimated number of miles your vehicle(s) will be driven annually
  • The driving histories of the employees who will be operating the vehicles
  • The amount of coverage you wish to purchase

Liberty MutualNationwideTravelersProgressive, and EMC are some of the best commercial vehicle insurance companies in New Hampshire. They are highly rated for offering broad coverage, top-notch customer service, and a variety of affordable options for business owners.

Searching for the best and most affordable commercial auto insurance in New Hampshire can be frustrating and confusing. That’s why it pays to have an experienced insurance professional in your corner.

Find an independent insurance agent in New Hampshire now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options so you can make the best choice.  

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https://www.nh.gov/insurance/consumers/documents/nh_auto_guide.pdf