New Hampshire is one of the only states that maintain optional auto insurance laws for motorists in the state. Under the law, drivers, excluding those convicted for specific driving offenses, can choose whether or not to purchase coverage. However, New Hampshire’s Motor Vehicle Financial Responsibility laws require drivers to demonstrate that they have sufficient funds if they are “at fault” for an accident. Those who are unable to meet this requirement risk license suspension and other repercussions. Notwithstanding the optional coverage, all motorists should consider the implications of driving without insurance in New Hampshire.
Generally, there are three primary ways to collect damages after suffering injuries in a New Hampshire accident. The first way involves filing a claim with the injury victim’s insurance company; this method is possible if the policy covers the victim’s loss. Many times the insurance company will pursue a subrogation claim against the negligent driver’s insurance carrier. Next, the claimant may file a third-party claim against the negligent driver’s insurance carrier. Finally, the victim may file a personal injury lawsuit against the at-fault motorist or other entity that may be responsible for the accident.
Despite the optional laws, purchasing auto insurance is an attractive option for many motorists. Those who purchase auto insurance must have coverage that meets the statutory minimums. The minimums include at least: