The Cheapest Car Insurance in New Hampshire (April 2023)

Hanover is the cheapest car insurance provider in New Hampshire for full and minimum coverage. It is also the most affordable insurer for military members, seniors, young adults and drivers with poor credit. State Farm is the cheapest for drivers with tickets, whereas Concord Group provides less expensive insurance to sports car 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: $105 per year
• MAPFRE: $221 per year

The most expensive minimum coverage option comes from Allstate and costs approximately $517 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: $393 per year
• Vermont Mutual: $529 per year

The insurance company with the highest premium rate for full coverage is Allstate, at an average of $882 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 $288 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 may 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.

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: $648 per year
• State Farm: $736 per year

The insurance carrier with the most pricey policy for young adults is MAPFRE. Policies cost about $2,438 per year.

Based on our findings, young drivers in New Hampshire pay $255 more on average for full coverage from Hanover than 40-year-olds. In general, younger drivers pay more for coverage than middle-aged drivers because they are riskier to insure.

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

• Hanover: $521 per year
• Concord Group: $533 per year

At an average of $924, 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. With the cheapest provider, Hanover, you will pay $128 more if you are in your 60s vs. 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.

Generally, severe traffic offenses hurt your premiums, so you will pay significantly higher rates than drivers with a clean record. The cheapest car insurance option for a full coverage policy for drivers with a ticket in New Hampshire is State Farm. Vermont Mutual is the cheapest for drivers with an at-fault accident and Progressive for those with a DUI record.

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

• State Farm: $581 per year
• Concord Group: $608 per year

With an average of $989 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 $140 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: $636 per year
• MAPFRE: $746 per year

Safety Group has the highest average at $1,348 per year. Our research shows that you might spend as much as $356 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: $805 per year
• Hanover: $833 per year

Safety Group is the most expensive option in New Hampshire for drivers with DUIs, at an average of $2,370 annually.

You will pay about $714 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:

• Hanover: $554 per year
• Vermont Mutual: $636 per year

The costliest coverage for drivers with bad credit is State Farm, at an average of $1,373 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 $287 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: $585 per year
• State Farm: $700 per year

GEICO has the highest average rate for drivers with a sports car at $956, 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 $186 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 may 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 $393 per year, on average.

USAA is the second-cheapest insurer for military members and their families, costing $506 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 $494 per year.

You can click to learn about car insurance in the city.

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 may also be required if you financed your car purchase. Comprehensive coverage pays for non-road incidents that may 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.