New Hampshire HB1353 allows insurers to offer discounts on motor vehicle insurance premiums for vehicles that pass annual safety inspections.
New Hampshire HB1353 amends RSA 412 to allow insurers to provide premium discounts for vehicles that pass annual safety inspections. Insurers must verify that the inspection meets state guidelines before applying any discount. The discounts apply to liability, collision, and comprehensive coverage. Insurers may consider additional shop recommendations, provided these are not required for passing inspection. Insurers must base actuarial justification for rate filings on a demonstrable reduction in claims for vehicles meeting inspection standards.
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