Your auto insurance premium is based on a variety of factors, including your age, location, driving record and credit score. Full coverage auto insurance premiums in New Hampshire range from $540 per year (State Farm) to $2,712 per year (Hanover). The average annual cost of insurance for a 25-year-old driver is $1,599, which is $649 higher than the cost of insurance for a 40-year-old driver.
Average Car Insurance Costs in New Hampshire (2023)
The average price of auto insurance in New Hampshire is about $950, which is less than the national average cost of auto insurance. The primary determinants of your premiums are your age, driving record and the level of coverage.
Depending on your record, you might pay:
- Clean record: $950 annually
- Ticket: $1,330 annually
- At-fault accident: $1,623 annually
- DUI: $2,117 annually
These premiums are for full coverage. You could save money by opting for a minimum coverage policy.
Why Are Car Insurance Rates Moderate in New Hampshire?
The average yearly cost of car insurance in New Hampshire is around the same as the $1,054 national average. The reasons for the low rates may include low auto theft rates, cheaper insurance companies and moderate volume of traffic. If your New Hampshire auto insurance premiums are expensive, your age and driving record could be the cause.
Average Car Insurance Costs in New Hampshire by Company
The average cost of auto insurance in New Hampshire is just an average and will vary significantly based on a number of factors, including the insurer you choose. State Farm has the cheapest minimum coverage policy at $247 ($540 for full coverage), while Hanover has the most expensive average yearly minimum coverage insurance at $1,199 ($2,712 for full coverage).
Although the cost of a full coverage insurance policy in New Hampshire is more than that of a liability-only policy, you can still get cheap full coverage insurance if you compare rates.
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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
Your age, driving record and the type of coverage all influence the cost of insurance. MoneyGeek’s New Hampshire car insurance calculator can give you an estimate of your potential rates.
Average Car Insurance Costs in New Hampshire by Coverage Level
In New Hampshire, the average annual premium for the cheapest minimum liability coverage is $463, while the average annual premium for the highest possible full coverage is $1,160. Costs will grow in proportion to the maximum coverage limit you choose. Your yearly premiums will dramatically increase if you choose full coverage insurance, also referred to as comprehensive and collision insurance. Remember that increasing your deductible will result in cheaper insurance rates.

The cheapest car insurance will only give the minimum required coverage in New Hampshire. These plans have the lowest liability limits and do not cover collision or comprehensive coverage. Uninsured and underinsured motorist coverage, medical payments coverage and coverage for injuries to third parties and damage to their property are all required by New Hampshire law. These can make your minimum coverage pricier.
Insurers may provide higher liability limits, which are commonly represented as 50/100/50 or 100/300/100. Included in a policy with liability limits of 50/100/50 are the following:
- $50,000 bodily harm liability per person
- $100,000 bodily injury liability per accident
- $50,000 property damage liability insurance per accident
The highest liability insurance limits available are generally 300/500/300. Liability insurance protects against losses or injuries sustained by third parties. Full coverage insurance includes comprehensive and collision coverage to defend you and your vehicle in the event of an accident.
Average Car Insurance Costs in New Hampshire by Age
Your age can have a big impact on how much your car insurance costs, but you can find cheap insurance for a new driver or a young driver. Here are the average premiums in New Hampshire by age group:
- 22–29: $1,599 per year
- 30–59: $950 per year
- 60+: $1,044 per year
Younger drivers frequently pay higher insurance premiums than drivers between the ages of 30 and 59, while drivers over the age of 60 must pay higher premiums. New drivers will also pay higher premiums.
Average Car Insurance Costs in New Hampshire for Teens
The yearly premium for a 16-year-old male driver in New Hampshire on a family policy with full coverage is $1,898. Getting their own policy may cost around $3,837. Keep in mind teens under 18 might need a parent’s consent to purchase insurance.
Prices tend to decrease as drivers get older and have more experience. A 22-year-old on a family plan may pay $1,226 per year, while a 19-year-old pays $1,462. Comparing cheap New Hampshire insurance could save teens money.
Furthermore, rates vary significantly by gender in New Hampshire. A family plan for a 16-year-old female costs $1,712 per year on average, which is nearly $186 less than for a 16-year-old male.
Average Car Insurance Costs in New Hampshire for New Cars vs. Older Cars
New car insurance in New Hampshire costs $963, which is 29% higher than the $746 cost of insuring older vehicles. New cars are expensive to insure due to their high replacement value, high risk of theft and high repair costs.
The actual cash value (ACV) of your car is used as the basis for both comprehensive and collision repair costs. Insurance payouts and monthly payments are reduced as a result of the ACV's natural decline with age. Full coverage insurance is highly recommended for drivers in New Hampshire driving new vehicles. It covers both their legal liability for other people's losses and the damage to their own car.
Average Car Insurance Costs in New Hampshire by Driving Record
Drivers who have traffic violations typically pay higher premiums for auto insurance than drivers with clean records. The following full coverage rates are what drivers in New Hampshire might pay based on their records:
- Clean record: $950 annually
- Ticket: $1,330 annually
- At-fault accident: $1,623 annually
- DUI: $2,117 annually
Typically, the cost is proportional to the severity of the traffic violation. For example, a DUI results in a higher insurance premium than a speeding ticket. You can find cheap car insurance in New Hampshire with a bad driving record if you compare quotes from multiple providers.
Average Car Insurance Costs in New Hampshire by Credit Score
Your credit score will have a significant impact on your auto insurance premiums. The average annual rate for drivers with poor credit in New Hampshire is $1,029, while for those with excellent credit is $552. New Hampshire drivers can anticipate to pay, on average, the following full coverage rates based on their credit-based insurance scores:
- Excellent: $552 per year
- Good: $663 per year
- Fair: $789 per year
- Below fair: $885 per year
- Poor: $1,029 per year
New Hampshire drivers with bad credit can get cheap insurance by shopping around and comparing quotes from multiple companies.
Average Car Insurance Costs in New Hampshire by City
The cost of auto insurance in New Hampshire varies significantly by region. In Manchester, full coverage auto insurance costs $1,391 annually, which is higher than the state average. Due to factors like higher theft rates and denser populations, insurance premiums in Manchester could be more than the average.
Compare Insurance Rates
Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
FAQ About Car Insurance Costs in New Hampshire
Insurance costs vary based on factors such as age, location and individual requirements. For more details, read our answers to frequently asked questions about auto insurance in New Hampshire.
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