New Hampshire lets drivers skip auto insurance but there is a $100,000 catch

New Hampshire is a very unique state, particularly when it comes to auto insurance.

This is because it allows its drivers to skip having it.

But don’t start packing your bags just yet, though.

Because there is a $100,000 catch.

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New Hampshire is a state like nowhere else

New Hampshire is a state literally unlike any other.

The US territory has lived by the motto ‘Live Free or Die’ since 1945.

With such an emphatic state motto, it might not shock you to learn that the state approaches things a little differently.

And that is no different when it comes to operating vehicles in the state.

New Hampshire is the only US state where auto insurance is not a legal requirement.

Yes, you read that right – having auto insurance is not mandatory in New Hampshire.

It appears that those who live devoutly by the state’s motto won out in that debate.

But wait just a minute before you start booking that airplane ticket.

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State’s freedom comes at quite a price

Because this rule – like almost every other – comes with a big catch.

And the catch in question comes to the tune of $100,000.

Because, in the event of a crash, you have to be able to prove you can cover damages caused as a result.

So, it’s absolutely your right not to buy auto insurance in New Hampshire if you don’t want to.

But if you don’t, then the state’s Motor Vehicle Financial Responsibility requirement still has to be met.

This boils down to needing $100,000 for every vehicle you register in the state.

Unfortunately, the state is not so trusting as to simply take your word for it, either.

You have to deposit the money with the state treasurer.

What is also important to note is that you can still be forced to buy insurance in New Hampshire.

And there are a couple of examples where this can happen.

If you don’t buy your car outright, for one, then the lender will often require full insurance in order to protect their asset.

This is often true irrespective of the state you live in.

Your own personal driving history can also play a part in whether you must purchase insurance or not.

In an extreme example, if you are convicted of a DUI or repeatedly breaking traffic laws, then the state can file an SR-22 against you in New Hampshire.

Anybody with an SR-22 must have auto insurance in New Hampshire, regardless of their financial resources.

It turns out that maybe freedom isn’t actually free – in fact, it could cost quite a lot of money.