Cheap auto insurance for teenagers in New Hampshire

Since New Hampshire does not have the minimum mandatory auto liability insurance law, parents of teenagers do not have to carry insurance on teen age drivers. However, considering the statistics regarding the accident rate of teens, the insurance companies in New Hampshire will strongly suggest you provide at least the minimum liability coverage for your teen driver. The minimum liability automobile insurance amounts are $25,000.00 for each individual injured or killed in an accident, $50,000.00 for all the people involved in the accident, and $25,000.00 to cover all property damages. Because statistics show that the first year behind the wheel of a car is the prime time for teenage automobile accidents, your insurance company may recommend that you carry comprehensive and collision on your teen as well as raising the limits on your liability insurance to more than the state’s suggested limits.

As the parent, you are required by the state of New Hampshire to take financial responsibility for your teenage driver. If your teen gets in an accident you will be responsible for all damages and injuries that may result from that accident. The teen’s license will be suspended until an agreement on the settlement has been reached. If you provide insurance for your teen, they will need to carry this coverage in their vehicle at all times. This proof includes the policy and an identification card from the insurance company or a form from the state proving you have sufficient assets to insure yourself and your teen. Even if the teen is not at fault for an accident, they must provide proof of financial responsibility to the officer on the scene. They must also have proof of insurance for any regular traffic stop. Failure to produce proof of financial responsibility any time they are asked for it can result in driver’s license suspension and a requirement by the state of New Hampshire that you obtain the minimum liability insurance.

Adding your teen to your policy will generally be less expensive than putting them on their own auto insurance policy. Even then, the cost of adding your teen to your insurance policy will raise your premiums from $1200.00 to $4900.00 per year. On average, the premium will raise approximately $2,171.00 per year.

For each successive year that your teen maintains a good driving record, the premiums will most likely go down. To maintain a good driving record, your teen cannot have any traffic violations or accidents on their driving record. They need to avoid the accumulation of points on their driving record. They cannot be picked up for a DWI. Even being involved in an accident that was not their fault can be a mark against their record just as it is for an adult.

In addition to a clean driving record, teens who maintain a “B” grade point average will also receive a discount on insurance premiums. Another discount available for teens will be given when the teen has successfully completed a state approved safe driving course. The type of car your teen drives will also affect your insurance premiums. Don’t put your teen in a luxury car or sports car. It may also help lower your premiums if you avoid the top 10 stolen cars in the state of New Hampshire. These cars include:

1. 1995 Honda Civic
2. 1994 Honda Accord
3. 1999 Jeep Cherokee/Grand Cherokee
4. 1999 Acura Integra
5. 1991 Toyota Camry
6. 2003 Ford F150
7. 2001 Chevrolet Blazer
8. 2000 Dodge Caravan
9. 1993 Ford Taurus
10. 2000 Ford Explorer

Following these guidelines will save you between 10 to 15% on your auto insurance premiums for your teenage driver.