How Much Is Car Insurance in New Hampshire? Rates by Coverage Level, Age, Driving History and Location

In New Hampshire, car insurance rates average around $778 per year — one of the cheapest rates in the country compared to the national average of $1,424. Average rates are based on a number of companies and locations for a sample driver. MoneyGeek also analyzed coverage level, age, driving history, credit score and location.

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Car insurance in New Hampshire costs an average of $778 annually for a 40-year-old driver with a clean driving record seeking a full coverage policy.

Conversely, a policy following state minimums would cost $430 on average for the same driver, but keep in mind that rates can change based on your individual circumstances. For example, a young driver with a full coverage policy could pay an average of $1,480 annually.

As rates can change depending on your situation, MoneyGeek took a look at the average car insurance costs in New Hampshire based on various factors.

Average Cost of Car Insurance in New Hampshire: Summary

MoneyGeek broke down the average cost of auto insurance in New Hampshire based on factors that can affect your rates the most. This includes factors such as age, coverage level, driving record and even credit score.

The most significant factors that can affect premiums in New Hampshire are your age and poor credit score.

Learning more about how average costs of car insurance in New Hampshire vary based on individual circumstance can help you find the best coverage and price for your needs.

Average Costs of Car Insurance in New Hampshire

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Why Are Car Insurance Rates Cheap in New Hampshire?

New Hampshire has some of the cheapest car insurance rates compared to other states thanks to the low percentage of uninsured motorists and vehicle theft.

Only six percent of drivers in New Hampshire are uninsured. This reduces the risk of insured drivers’ policies covering accidents because of the uninsured. In turn, this decreases the likelihood of insurance providers covering these accidents. The state also ranks within the bottom three across the country for motor vehicle theft, which plays a role in the low annual premiums in New Hampshire.

Average Cost of Car Insurance in New Hampshire: Full Coverage vs. Minimum Coverage

The average cost of full coverage car insurance in New Hampshire (100/300/100 in liability limits) is $778 per year, while a policy following state minimums costs an average of $430.

The difference between these two policies is $349, but keep in mind that rates can change based on your desired coverage level. For instance, you can opt for more than the minimum required liability limits by purchasing comprehensive and collision insurance, which can cost more but also give you additional protection.

Average Cost of Car Insurance in New Hampshire by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in New Hampshire - By Company

Insurance providers play a role in the cost of car insurance as they can offer varying rates. For example, the cheapest liability-only auto insurance policy in New Hampshire is offered by Amica Mutual at $304 per year, while the most expensive is from MetLife at $734.

On the other hand, Progressive offers the most affordable full coverage car insurance at $593 per year, while MetLife also has the most expensive at $1,238.

USAA also offers affordable rates at $204 for minimum coverage policies and $435 for full coverage policies, but they only offer their services to military families.

Average Annual Costs of Car Insurance in New Hampshire - By Company

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How Much Is Car Insurance in New Hampshire by Age

Age is a major factor that contribute to expensive car insurance rates in New Hampshire. For instance, auto insurance for teens can get costly as providers consider them risky drivers.

Case in point, a policy for a 16-year-old can cost an average of $2,258 per year — $1,480 more than the cost to insure a car for a 40-year-old driver. Fortunately, teens can be added to their parents auto policy which will save more money annually compared to a teen with their own policy.

New drivers in New Hampshire also receive similar rates to teens, as auto insurance for first-time drivers is high due to the lack of driving experience.

Average Costs of Full Coverage Car Insurance in New Hampshire - By Age

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How Does Driving History Affect Car Insurance Costs in New Hampshire?

Drivers with a number of accidents or violations are viewed as high-risk by insurance providers, which can significantly increase auto insurance premiums. The more severe the violation is, the higher the insurance costs you will likely pay.

MoneyGeek’s analysis shows that receiving a speeding ticket in New Hampshire can increase your annual premium by $127 from $778, while a DUI can increase it by $576.

Note that it’s still possible to find affordable car insurance with a bad driving record, but a thorough comparison of premiums is needed to identify the best one for your situation.

Average Costs of Full Coverage Car Insurance in New Hampshire - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $778
  • Speeding Ticket
    $905
  • At-Fault Accident
    $1,083
  • DUI
    $1,354

Credit Scores and the Cost of Car Insurance in New Hampshire

Insurers in New Hampshire use your credit score as one of the factors to determine your premiums. The better your score is, the lower your premium. For instance, drivers in New Hampshire with an excellent credit rating pay $125 less than those with a good credit rating.

In contrast, a poor credit rating can lead you to pay more in annual premiums. Car insurance for drivers with bad credit costs an average of $1,274 per year in New Hampshire, which is $508 more than if they had a good credit rating.

Average Costs of Full Coverage Car Insurance in New Hampshire - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $641
  • Good
    $766
  • Fair
    $904
  • Below Fair
    $1,065
  • Poor
    $1,274

How Much Is Car Insurance in Your City?

Insurance costs can vary greatly within different cities and states due to various external factors that affect the location. For example, urban areas and densely populated cities are more likely to have costly auto insurance rates as there is a higher chance of accidents. Likewise, areas that are susceptible to natural disasters such as earthquakes and floods are also liable to have more expensive rates.

MoneyGeek’s analysis on average car insurance costs in New Hampshire profiled the city of Manchester, which features the same annual average of $778 as the state.

Average Costs of Full Coverage Car Insurance in New Hampshire - By City

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Frequently Asked Questions About New Hampshire Car Insurance Rates

To help drivers who are interested in getting insured, MoneyGeek answered a few commonly asked questions on auto insurance in New Hampshire.

Methodology

MoneyGeek collected auto insurance quotes across New Hampshire in collaboration with Quadrant Information Services using a sample driver profile. This profile was of a 40-year-old driver with a safe driving record looking for full coverage insurance, but averages were also collected based on the factors such as coverage levels, age, driving violations and credit scores. Policy averages were for full coverage policies based on MoneyGeek’s methodology.

Data was also collected on the traffic density, uninsured motorists, urban share of the population and motor vehicle theft rate in New Hampshire.

  • Data on the highway traffic density in 2019 was drawn from the Federal Highway Administration
  • Data on uninsured motorists was taken from the Insurance Research Council’s 2019 study
  • Urban share of population was calculated using the latest data from the U.S. Census Bureau
  • Motor vehicle theft rates were taken from the FBI Crime in the United States Status Report for 2019

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.