When is auto insurance required for someone in New Hampshire?

For a lot of people, owning a car in the Manchester, NH area is practical necessity. If you are a car owner here, you do need to make sure that you get the insurance you need. There are a variety of situations when having auto insurance will be required for someone in this area.

When Driving on a Public Road

If you are going to get a car and drive it on a public road in New Hampshire, you need to make sure that you have the right auto insurance. An auto insurance policy is going to be required to ensure you have the ability to pay for damages that you could cause in an accident when driving. 

When Taking out an Auto Loan

Many people that purchase a car are also going to take out a loan. If you do take out a loan, you need to review the section of your loan agreement that discusses your auto insurance requirements. In most situations, you are going to need to have a full auto insurance policy that provides you with both collision and comprehensive insurance coverage. The lender may also require that you have a reasonably low deductible. 

There are a lot of situations when someone in the Manchester, NH area will need to get auto insurance. When you need to get a new policy, it is important that you spend time thinking about your needs and choosing a policy that is right for your situation. The team at Associated American Insurance can be a great resource when you are looking for a new insurance policy. When you call Associated American Insurance, you can receive a lot of support and guidance that is needed to pick a new policy that is right for your situation. 

A guide to picking the right auto policy

There are various types of coverages available for auto insurance. It is essential to understand the differences in the policies available, so you can build a plan that makes the most sense for you. If you live in the Manchester or Concord, NH area and are unsure what options you have, please reach out to an agent at Associated American Insurance today. 

Liability insurance

Each state typically has a minimum amount of liability coverage drivers need to carry. Liability coverage is essential because it protects you when you cause an accident. It can help pay for the damage to the other persons’ car or property as well as their medical bills. Because liability claims under an auto policy can add up quickly, drivers should consider carrying limits higher than what is required by the state.

Collision coverage

Collision coverage will pay to have your car repaired in the event of an accident. If your vehicle is totaled, it would pay you the value of your vehicle. If you have an expensive car, this coverage is essential. This may also be required by a lender if you have a loan on your vehicle.

Comprehensive coverage 

Comprehensive coverage is insurance for when something happens that is not an accident. For example, if your car was in the garage, and it burns down, or your vehicle is stolen, comprehensive coverage would pay out the value of the car. 

Personal injury protection  

It is important to remember that the medical coverage under the liability portion of the policy only covers the third person injured as a result of the crash. PIP covers your medical bills and the bills of the passengers in your car. 

Uninsured /Underinsured Motorist Protection

Although all states require liability coverage; some drivers do not follow the rules. If you are in an accident with an uninsured driver, you may not be able to collect any money from them for medical bills or damage to your car. It will also cover you if the driver does not have enough coverage to fully reimburse the damages.

If you live in the Manchester or Concord, NH area and would like to discuss your auto policy, please reach out to an agent at Associated American Insurance today. We can help you get a quote and answer your questions.