Saving on Insurance Costs

New Hampshire does not require drivers to carry auto insurance, but you must be able to demonstrate you can meet the state’s Motor Vehicle Financial Responsibility Requirements in the event of an “at fault” collision. If you are unable to meet these requirements, then your driving privileges may be suspended unless you purchase auto insurance.

Saving Money on Car Insurance

Risk of a crash is significantly higher for teen drivers, particularly during the first year of driving. So, their car insurance rates usually cost more. Here are a few ways you can help your family save some money:

  • Keep your grades up. Most car insurers offer lower car insurance rates for students with a “B” or higher grade average.
  • Investigate discounts. Many insurers also offer discounts for teen drivers who complete driver’s education or defensive driving courses.
  • Drive carefully! Avoid crashes and tickets, which can cause a teen driver’s auto insurance rates to jump. Plus, it’s the safe thing to do.
  • Don’t get your own car yet. If you won’t be the main driver for any of your family’s vehicles and can be classified as an occasional driver of one car, you could save your family hundreds of dollars.
  • If you need a car, get a sensible one. Many experts agree that mid-sized sedans are the safest choice for teen drivers, and the cars often have the lowest auto insurance rates, too.
  • Partner with your parents. Using a Parent-Teen Driving Agreement could help you avoid a crash or ticket that would increase your rates.

Car Insurance Requirements in New Hampshire

If you are required to buy insurance, the minimum limits available for liability coverage are $25,000 per person for bodily injury, $50,000 if two or more persons are hurt and $25,000 for property damage (25/50/25). Drivers that purchase auto insurance for personal use must also buy at least $1,000 of medical payments coverage and uninsured motorist coverage at limits equal to their auto liability coverage. Insurance companies in New Hampshire determine rates based on factors such as your driving record, how long you’ve been a licensed driver, how much you drive, where you live and what you drive.

Learn more about car insurance available through AAA.