How Much Is Car Insurance in New Hampshire? (August 2024)

In New Hampshire, the annual cost for a full coverage car insurance policy is around $759. For those seeking minimum coverage, the average cost is lower at $381 per year. These figures show that there are affordable options depending on the level of coverage you choose.

The cost of car insurance depends on several factors, like your age, the coverage level you select, where you live, your driving record and your credit history. Each of these aspects helps insurance companies decide how much to charge you.

New Hampshire's average full coverage car insurance cost is around $759 annually. Knowing the average cost of car insurance in your state can help you identify if rates are fair or high when you're comparing car insurance quotes.

This summary of what you might pay for car insurance in New Hampshire includes rates for minimum coverage and full coverage policies to help you budget for your car insurance needs.

Car insurance in New Hampshire is generally more affordable than in many other states. The average annual premium for state minimum coverage in New Hampshire is $381 ($32 per month), lower than the national average cost of car insurance for the same level of coverage, at $607 annually ($51 per month). Full coverage in New Hampshire costs around $759 per year ($63 per month), while the national average is $1,296 per year ($108 per month).

Car insurance might be less expensive in New Hampshire because of its lower population density, fewer accidents, a lower rate of uninsured drivers and a competitive insurance market, which reduces insurers' risk overall. Additionally, less severe weather contributes to keeping the insurance costs down.

Car insurance premiums vary from one company to another. For instance, in New Hampshire, Hanover offers the cheapest full coverage at $479 per year, while Allstate has the highest average annual premium at $1,086.

Compare car insurance quotes from different providers to find the cheapest car insurance in New Hampshire to find an affordable plan that meets your needs.

The cost of car insurance in New Hampshire is also determined by the level of coverage you select. For instance, minimum coverage typically runs around $32 monthly, whereas full coverage with a $1,000 deductible averages about $63 monthly. Opting for full coverage is generally advised, as it gives more comprehensive protection despite the higher price. Learn more at full coverage insurance.

Adding comprehensive and collision coverages increases your premium, yet you can mitigate the cost by selecting higher deductibles. Keep in mind, the deductible is the amount you pay for each claim under comprehensive and collision coverages before your insurer contributes.

In New Hampshire, drivers must meet the minimum car insurance requirements: $25,000 for bodily injury liability per person, $50,000 for bodily injury liability per accident, $25,000 for property damage liability per accident, $25,000 uninsured motorist bodily injury per person, $50,000 uninsured motorist bodily injury per accident, $25,000 uninsured/underinsured property damage coverage and $1,000 medical payments coverage.

In New Hampshire, age is a significant factor in determining the cost of car insurance. Younger drivers, between 22 and 29 years old, typically pay the most at around $1,265 per year. As drivers mature and gain experience, insurance rates generally decrease. Middle-aged drivers, from 30 to 59, enjoy lower premiums at roughly $759 annually. However, premiums can slightly increase for drivers above 60, with an average cost of $799 annually.

Age and gender determine car insurance rates in New Hampshire. A 16-year-old male driver added to a family policy averages an annual premium of $1,898, the highest rate among all age groups.

Teenagers under 18 often cannot legally buy car insurance without a parent or guardian’s signature. Should a 16-year-old boy opt for an individual policy, the premium would soar to $3,837.

The average annual cost of full coverage car insurance for a 2012 car model is $746, lower than the $963 required for the same policy for a 2022 model. Newer cars often have a higher actual cash value and potentially higher repair costs, and they may be more attractive to thieves — factors contributing to higher insurance premiums.

Drivers with a newer car model should secure comprehensive and collision coverage to safeguard against a range of potential losses, including theft, natural disasters or accidents.

The average cost of car insurance in New Hampshire can vary significantly based on your driving record. Here's how different violations can affect your rates:

• With a ticket: $953 per year; $79 per month
• With an at-fault accident: $1,175 per year; $98 per month
• With a DWI: $1,621 per year; $135 per month

The severity of a driving violation will impact the extra amount you pay for car insurance. These higher premiums will continue as long as the violation remains on your record, which can vary by state. In New Hampshire, for example, a first-offense DWI stays on your record for 10 years.

The table below shows the average cost of car insurance in New Hampshire by coverage and age group, allowing you to see how each driving record affects the premiums.

In New Hampshire, your credit score can mean the difference between paying $46 or $86 monthly for car insurance. Your credit score influences your auto insurance rates significantly. A score considered good is typically from 670 to 739, with higher scores leading to more affordable premiums. Scores below 580 are viewed as poor, often resulting in higher costs.

These are the most common factors that affect car insurance rates in New Hampshire:

• Driving Record: A clean driving record can lead to more affordable car insurance rates in New Hampshire because traffic violations and accidents typically increase premiums.
• Credit Score: Insurers in New Hampshire consider credit scores when setting rates, with higher scores often resulting in lower insurance costs.
• Age and Gender: Young drivers, especially males, usually face higher premiums. However, rates in New Hampshire can decrease as drivers age and gain experience.
• Vehicle Type: The cost of car insurance is influenced by the make and model of your vehicle, with luxury and sports cars generally having higher premiums.
• Location: Where you live and park your car can impact your insurance rates due to factors like theft rates and accident frequency.
• Comprehensive Insurance: Opting for comprehensive coverage can protect against non-collision-related incidents, which may affect the total cost of your policy.
• Collision Insurance: Including collision insurance in your policy protects against damages from accidents but can increase the total premium.
• Minimum Coverage: Opting for state minimum coverage can offer a more affordable option, though it may not provide comprehensive financial protection in all incidents.
• Deductible Amount: Choosing a higher deductible can lower your premium, but you'll need to pay more out of pocket in case of a claim.
• Discounts: Taking advantage of discounts for things like multi-car policies, safe driving or defensive driving courses can reduce premiums in New Hampshire.

Compare car insurance quotes to find a policy that meets your driving needs and budget. By not exploring your options, you could miss out on potential savings.

To secure affordable car insurance in New Hampshire, compare rates from multiple providers, increase your deductible and leverage all eligible discounts for lower premiums.

Get answers about what impacts the average cost of car insurance in New Hampshire and how to find affordable rates.