Driving in Laconia, NH is a necessity for many residents. However, without the proper car insurance, it can be a risky proposition. Car insurance is not only required by law, but it also protects you financially in case of an accident. In this article, we’ll cover everything you need to know about car insurance in Laconia NH.
What is Car Insurance?
Car insurance is a contract between you and an insurance company that protects you against financial loss if you are involved in an accident. In exchange for paying a monthly or annual premium, the insurance company will pay for damages incurred in an accident. Car insurance can also protect you against theft, vandalism, and other incidents.
Types of Car Insurance
There are several types of car insurance available in Laconia NH. The most common types include:
Liability Insurance
Liability insurance is the most basic type of car insurance and is required by law in Laconia NH. It covers damages you cause to other people and their property in an accident. However, it does not cover damages to your own car or injuries you sustain in an accident.
Collision Insurance
Collision insurance covers damages to your own car in an accident. It also covers damages to your car if it is hit by an uninsured or underinsured driver.
Comprehensive Insurance
Comprehensive insurance covers damages to your car caused by incidents other than accidents, such as theft, vandalism, or natural disasters.
Personal Injury Protection (PIP) Insurance
PIP insurance covers medical expenses and lost wages for you and your passengers in case of an accident, regardless of who was at fault.
How Much Car Insurance Do You Need?
The amount of car insurance you need depends on several factors, including:
State Requirements
As mentioned earlier, liability insurance is required by law in Laconia NH. The minimum coverage required is $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident.
Value of Your Car
If you have a newer or more expensive car, you may want to consider getting collision and comprehensive insurance to protect your investment.
Your Assets
If you have significant assets, you may want to consider getting higher liability limits to protect yourself against lawsuits in case of an accident.
How to Get Car Insurance in Laconia NH
Getting car insurance in Laconia NH is easy. You can either buy it online or through an insurance agent. Before buying car insurance, make sure to compare quotes from different companies to get the best deal.
Conclusion
Car insurance is a necessary expense for anyone driving in Laconia NH. By knowing the types of insurance available, how much coverage you need, and where to get it, you can protect yourself financially in case of an accident. Make sure to do your research and compare quotes before buying car insurance to ensure you’re getting the best deal.
