Cheapest Car Insurance in New Hampshire (June 2024)

Hanover offers the cheapest car insurance overall for many different types of drivers. However, the cheapest for you will depend on your personal characteristics. MoneyGeek also found that Vermont Mutual has the cheapest rates in New Hampshire for certain types of drivers.

MoneyGeek also ranked the top auto insurance in New Hampshire that combines quality service and cost.

On average, the cheapest auto insurance providers in New Hampshire for minimum liability policies are:

• Hanover: $133 per year
• Vermont Mutual: $262 per year

The most expensive minimum coverage option comes from Allstate and costs approximately $667 per year.

New Hampshire’s state minimum auto insurance covers bodily injury liability, property damage, medical payments and uninsured/underinsured motorist coverage.

If you purchase a minimum coverage policy, it will only cover injuries to others and damage to their property. To get protection for your own car, you must purchase comprehensive and collision coverage, also known as full coverage, which costs a bit more but offers better protection.

On average, the cheapest providers of full coverage in New Hampshire are:

• Hanover: $479 per year
• Vermont Mutual: $554 per year

The insurance company with the highest premium rate for full coverage is Allstate, at an average of $1,086 per year.

Full coverage policies cost more than minimum coverage since they offer higher protection limits during an accident. In New Hampshire, the cheapest policy from Hanover costs $346 more if you select full coverage vs. minimum coverage.

With full coverage insurance, drivers get protection from on-road and off-road injuries and damages.

Typically, how much car insurance you need will determine your actual rate. Our sample driver had the following limits for a full coverage policy:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $100,000 property damage liability per accident

A lower coverage limit can save you money, but it might not meet all your needs after an accident. Another way to reduce your premiums is by selecting a policy with a high deductible amount or dropping comprehensive and collision coverage.

Although you can obtain car insurance quotes from most company websites, the process may take up to 15 minutes per insurer, translating to hours for those who have to compare rates from multiple insurers. You will have to provide personal information and wait to receive the quote.

Fortunately, MoneyGeek has an auto insurance calculator that allows you to compare quotes from all insurers easily. The following calculator provides estimates based on essential factors like gender, driving record and credit score. It gives you a starting point to find the cheapest car insurance.

Age is one of the biggest factors affecting car insurance rates in New Hampshire. Concord Group, Hanover, Vermont Mutual offer the cheapest options, depending on what age group you and your family belong to.

According to MoneyGeek, the lowest average auto insurance rates in New Hampshire if you have a teen driver on your policy come from:

• Concord Group: $1,078 per year for male teens and $1,029 per year for female teens
• Nationwide: $1,409 per year for male teens and $1,219 per year for female teens

The most expensive provider for teen drivers on their parent’s policy is Progressive, which costs approximately $2,802 for females and $3,093 for males.

There's a significant difference in the car insurance rates of 16- and 19-year-old drivers because their rates decrease with age. In New Hampshire, the provider with the lowest rate for a 19-year-old male is Concord Group ($913).

Ultimately, it is cheaper to add teen drivers to their parents' policies than to purchase a separate policy. For example, coverage for families with a male teen costs $1,858 per year in New Hampshire, whereas an individual policy for a teen driver costs $3,807. This is a difference of approximately $1,949.

Despite the high cost of coverage for policies with teen drivers, parents can still lower their premiums by taking advantage of discounts offered to young drivers. Allstate, Progressive and State Farm offer distant student and good student discounts. Nationwide and GEICO both have good student discounts.

On average, the most affordable auto insurance in New Hampshire for full coverage if you are in your 20s are:

• Hanover: $800 per year
• GEICO: $1001

The most expensive full coverage insurance policy for young adults in New Hampshire is offered by MAPFRE, with a premium of $2,870.

On average, young adults in New Hampshire pay $496 more for a full coverage insurance policy than middle-aged drivers.

For senior drivers, the two cheapest car insurance providers for comprehensive and collision coverage are, on average:

• Vermont Mutual: $632 per year
• Hanover: $636 per year

At an average of $1,142, Allstate is the most expensive option for 60-year-olds in New Hampshire.

Insurance providers charge different rates for senior drivers than for middle-aged drivers. You will pay about $39 more if you are in your 60s compared to middle-aged drivers. Costs also tend to go up for drivers in their 70s and 80s.

Senior drivers can save on auto insurance through discounts offered by most of the cheapest insurers. Allstate and GEICO offer car insurance discounts to senior drivers in New Hampshire. You can also get the lowest rates by comparing several insurance providers since insurers consider multiple factors when calculating rates.

In New Hampshire, Safety Group offers the cheapest full coverage policy for drivers with a ticket, and Concord Group is the most affordable provider for sports car owners. Progressive is the cheapest provider for those with a DUI record. Vermont Mutual is the most affordable provider for people with poor credit, as well as drivers with an at-fault accident.

In New Hampshire, the providers with the lowest average full coverage car insurance cost for drivers with a speeding ticket are:

• Safety Group: $726 per year
• Concord Group: $820 per year

With an average of $1,213 per year, Allstate has the highest premium if you have a speeding ticket.

Many insurers charge higher premiums for car insurance after a ticket. New Hampshire’s rates for our sample driver spike by $188 after a ticket.

Based on the average car insurance rates for a full coverage policy, the most affordable options in New Hampshire for drivers with at-fault accidents are:

• Vermont Mutual: $668 per year
• MAPFRE: $878 per year

Safety Group has the highest average at $1,442 per year. Our research shows that you might spend as much as $411 more annually for full coverage with an at-fault accident.

On average, the cheapest auto insurance carriers in New Hampshire for a driver with a DUI are:

• Progressive: $950 per year
• MAPFRE: $998 per year

Safety Group is the most expensive option in New Hampshire for drivers with DUIs, at an average of $2,533 annually.

You will pay about $823 more for the cheapest auto insurance in New Hampshire if you have a DUI.

The cheapest average auto insurance in New Hampshire for those with bad credit is from:

• Vermont Mutual: $668 per year
• Hanover: $678 per year

The costliest coverage for drivers with bad credit is State Farm, at an average of $2,309 per year.

With a good credit score of above 750, you can secure the lowest rates from insurance providers. A bad credit score, usually below 580, indicates that you are more likely to file a claim. Based on our sample profile, you will pay up to $374 more in New Hampshire if you have a poor credit score.

Individuals with poor credit scores tend to file claims more often and are likely to pay higher premiums for car insurance. Although this isn’t allowed in all states, it is in New Hampshire. To get the best rates, improve your credit score. You can also get the cheapest coverage by comparing quotes from multiple companies and taking advantage of discounts.

The cheapest insurers in New Hampshire for a driver with a sports car and full coverage are, on average:

• Concord Group: $790 per year
• Nationwide: $949 per year

State Farm has the highest average rate for drivers with a sports car at $1,185, on average, per year.

Generally, sports car drivers pay more for insurance than those with standard cars due to the high repair and replacement costs incurred after an accident. In New Hampshire, drivers pay $258 more than the average cost if they have a sports car.

To determine the cheapest rates for drivers with a sports car, we used a Ford Mustang to collect quotes from multiple insurers. You are more likely to pay higher premiums with an electric, luxury or sports car than any other car model type. However, this might not apply to your state since insurance carriers consider several other factors while determining rates.

From our study, the cheapest car insurance provider in New Hampshire for active duty and military veterans is Hanover. Eligible drivers pay about $479 per year, on average.

USAA is the third-cheapest insurer for military members and their families, costing $581 per year.

Car insurance rates vary greatly based on where you live in New Hampshire. Generally, cities with a high risk of accidents, theft and similar incidents have higher car insurance premiums due to an increased probability of filing claims.

The most affordable provider in Manchester for a full coverage policy is Hanover. Policies from the company cost an average of $614 per year.

In most states, minimum coverage car insurance policies require bodily injury liability and property damage liability protection. In New Hampshire, your policy should also include medical payments coverage and uninsured/underinsured motorist coverage.

In New Hampshire, your car insurance policy must meet the minimum state requirements, including property damage, bodily injury, medical payments and uninsured/underinsured motorists coverage.

Although a minimum coverage policy may save you money, it may leave you with inadequate coverage. We recommend buying a policy with the highest possible liability coverage that you can afford.

You also need to purchase SR-22 insurance after a high-risk traffic offense. This could increase your required coverage limits.

MoneyGeek recommends getting a policy with $100,000 bodily injury liability per person, $300,000 per accident and $100,000 property damage liability coverage per accident.

A comprehensive and collision insurance policy might also be required if you financed your car purchase. Comprehensive coverage pays for non-road incidents that damage your car, including vandalism and flooding. Collision coverage pays for the cost of damage from hitting another car, a pole or any other object.

If you have a valuable car, getting full coverage can be a wise decision.

New Hampshire does not have a legal requirement for drivers to buy auto insurance. If you get involved in an accident, you will have to comply with the state financial responsibility laws. Failure to do so will get you penalized.

For drivers who purchase auto insurance in the state, the limits are 25/50/25, plus medical payments coverage and uninsured/underinsured motorist coverage.

You can also comply with the state’s car insurance laws by filing a receipt at the Department of Safety indicating a cash or securities deposit in amounts that meet the minimum liability insurance requirements.

It's not unusual to have questions about the cost and quality of car insurance in New Hampshire. We answered some common questions about auto insurance in the state to get you started.