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


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Updated: June 19, 2024

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In New Hampshire, the annual cost for a full coverage car insurance policy averages at $729. For those seeking minimum coverage, the average cost is lower at $371 per year. These figures show that there are affordable options depending on the level of coverage you choose.

The cost of your car insurance premium 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.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the New Hampshire Insurance Department to get the most precise average costs for a variety of New Hampshire drivers.

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These rates reflect the average cost of car insurance in New Hampshire as of June 2024.

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Average Car Insurance Costs in New Hampshire

New Hampshire's average full coverage car insurance cost is approximately $729 annually. Knowing the average cost of car insurance in your state helps you determine if rates are high or affordable 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.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$729Average Monthly Premium$61
100/300/100 Liability OnlyAverage Annual Premium$434Average Monthly Premium$36
State Minimum Liability OnlyAverage Annual Premium$371Average Monthly Premium$31

Why Are Car Insurance Rates Moderate in New Hampshire?

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 $371, lower than the national average cost of car insurance for the same level of coverage, at $573 annually. One reason why insurance might be less expensive in New Hampshire could be due to its relatively low number of uninsured drivers, less congested roads and fewer claims reported, which overall reduces the risk for insurers.

Average Car Insurance Costs in New Hampshire by Company

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

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
HanoverAnnual Premium$479Monthly Premium$40
Vermont MutualAnnual Premium$560Monthly Premium$47
Safety GroupAnnual Premium$612Monthly Premium$51
MAPFREAnnual Premium$667Monthly Premium$56
GEICOAnnual Premium$680Monthly Premium$57
Concord GroupAnnual Premium$707Monthly Premium$59
NationwideAnnual Premium$806Monthly Premium$67
ProgressiveAnnual Premium$822Monthly Premium$68
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Average Car Insurance Costs in New Hampshire by Coverage Level

The cost of car insurance in New Hampshire is influenced by the type of coverage selected. Minimum coverage costs around $31 monthly, while full coverage with a $1,000 deductible averages at $61 monthly. A full coverage policy is recommended for more comprehensive protection despite the higher expense.

Enhancing your policy with comprehensive and collision coverages increases your premium. To manage this hike, selecting higher deductibles is a strategy that can lead to premium reductions. The chosen deductible applies separately to each comprehensive and collision claim.

State Minimum Liability OnlyAverage Annual Premium$371Average Monthly Premium$31
100/300/100 Liability OnlyAverage Annual Premium$434Average Monthly Premium$36
300/500/300 Liability OnlyAverage Annual Premium$583Average Monthly Premium$49
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$692Average Monthly Premium$58
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$729Average Monthly Premium$61
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$738Average Monthly Premium$61
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$747Average Monthly Premium$62
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$775Average Monthly Premium$65

Minimum Car Insurance Requirements in New Hampshire

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

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    $25,000 for bodily injury liability per person

    In New Hampshire, drivers must have a minimum of $25,000 coverage for injuries to one person in an accident.

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    $50,000 for bodily injury liability per accident

    New Hampshire requires at least $50,000 in coverage for all injuries in a single accident.

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    $25,000 for property damage liability per accident

    New Hampshire mandates a minimum of $25,000 for property damage per accident.

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    $25,000 uninsured motorist bodily injury per person

    Drivers need $25,000 coverage for injuries per person caused by an uninsured motorist.

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    $50,000 uninsured motorist bodily injury per accident

    New Hampshire requires $50,000 coverage for all injuries per accident caused by an uninsured motorist.

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    $25,000 uninsured/Underinsured property damage coverage

    There's a $25,000 minimum for damage caused by an uninsured or underinsured driver.

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    $1,000 medical payments coverage

    New Hampshire drivers must carry at least $1,000 in medical payments coverage.

Average Car Insurance Costs in New Hampshire by City

Your location can significantly affect your car insurance premiums. In New Hampshire, the full coverage rate in Manchester is $1,391. Several factors could affect your car insurance costs. These include driving history, credit score, vehicle type, annual mileage and age. Choose a plan that balances affordability with your coverage needs.

ManchesterFull Coverage Annual Premium$1,391Minimum Coverage Annual Premium$722

Average Car Insurance Costs in New Hampshire by Age

In New Hampshire, age is a critical factor in determining the cost of car insurance. Younger drivers, specifically those between 22 and 29 years old, typically pay the most, with an average annual premium of $1,221. As drivers mature and gain experience, insurance rates generally decrease. Middle-aged drivers, from 30 to 59, enjoy lower premiums, at roughly $729 annually. But premiums can slightly increase for drivers above 60, with an average of $770 annually.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,221Average Monthly Premium$102
30-59Average Annual Premium$729Average Monthly Premium$61
60 +Average Annual Premium$770Average Monthly Premium$64

Average Car Insurance Costs in New Hampshire for Teens

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.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$1,898Individual Premium$3,837
17Added to Family Policy Premium$1,879Individual Premium$3,347
18Added to Family Policy Premium$1,629Individual Premium$2,917
19Added to Family Policy Premium$1,462Individual Premium$2,084
20Added to Family Policy Premium$1,504Individual Premium$1,843
21Added to Family Policy Premium$1,187Individual Premium$1,438
22Added to Family Policy Premium$1,226Individual Premium$1,305
23Added to Family Policy Premium$1,272Individual Premium$1,187

Average Car Insurance Costs in New Hampshire for New Cars

The average annual cost of full coverage car insurance for a 2012 car model is $746, lower than the $963 required for that with 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 that contribute to greater 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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$746Monthly Premium$62
2022 VehicleAnnual Premium$963Monthly Premium$80
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ACTUAL CASH VALUE

The actual cash value (ACV) of your vehicle is the insurer's assessment of its market value just before damage or loss. This figure is important because it determines the maximum payout you'll receive from your insurer for a comprehensive or collision claim. If the ACV is less than the cost to repair or replace your vehicle, you'll receive up to the ACV amount, less any deductible.

Average Car Insurance Costs in New Hampshire by Driving Record

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: $917 per year; $76 per month
  • With an at-fault accident: $1,133 per year; $94 per month
  • With a DWI: $1,532 per year; $128 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 to see how each driving record affects the premiums.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$729Average Monthly Premium$61
TicketAverage Annual Premium$917Average Monthly Premium$76
At-fault AccidentAverage Annual Premium$1,133Average Monthly Premium$94
DUIAverage Annual Premium$1,532Average Monthly Premium$128

Average Car Insurance Costs in New Hampshire by Credit Score

In New Hampshire, your credit score can mean the difference between paying $46 or $86 monthly for car insurance. 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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$552Monthly Premium$46
GoodAnnual Premium$663Monthly Premium$55
FairAnnual Premium$789Monthly Premium$66
Below FairAnnual Premium$885Monthly Premium$74
PoorAnnual Premium$1,029Monthly Premium$86
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Factors Affecting 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 men, usually face higher premiums. As drivers age and gain experience, rates in New Hampshire can decrease.

Vehicle Type: The cost of car insurance is influenced by the make and model of your vehicle, with luxury and sports cars generally carrying 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 the event 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 matches your driving needs and fits your budget. You could miss potential savings by not exploring your options.

How to Save Money on Car Insurance in New Hampshire

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

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    Shop Around

    Comparing rates from multiple insurers can lead to finding the most affordable car insurance in New Hampshire. Use online tools to streamline this process.

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    Maintain a Clean Driving Record

    Safe driving habits can significantly reduce your premiums. Avoid traffic violations and accidents to qualify for lower rates.

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    Bundle Policies

    Combine your auto insurance with other policies, such as homeowners or renters insurance, to take advantage of multi-policy discounts.

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    Increase Deductibles

    Opting for higher deductibles can lower your monthly premiums. Ensure you can afford the deductible in case of a claim.

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    Look for Discounts

    Insurers offer various discounts, including good driver, student and military discounts. Check which ones apply to you for additional savings.

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    Choose the Right Vehicle

    Driving a car that's cheap to insure, like those with safety features and a low theft rate, can lead to savings. Research before buying.

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    Review Coverage Annually

    Life changes can affect your insurance needs. Regularly review your policy to ensure you're not overpaying for coverage you don't need.

FAQ: Car Insurance Costs in New Hampshire

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

What are the minimum car insurance requirements in New Hampshire?
What is the average cost of full coverage and minimum coverage auto insurance in New Hampshire?
What is the average cost of car insurance for a 22-year-old in New Hampshire?
What are the cheapest car insurance companies in New Hampshire?

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.