To find the best cheap car insurance in New Hampshire, first consult our guide on the types of insurance for a great starting point. Then once you understand the basic insurance terms and different types of coverage available, start by getting auto insurance quotes from different companies. Your rate will depend on various factors like your driving history, address and credit score along with the make, model and year of your vehicle. The Insurance Information Institute suggests getting car insurance quotes from at least three different companies.
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The Best Cheap Car Insurance in New Hampshire for 2020
- The Best Affordable Car Insurance in New Hampshire for 2020
The Best Cheap Car Insurance Companies for NH Drivers in 2020
Most New Hampshire drivers will be able to choose from car insurance companies like Berkshire Hathaway, Progressive, State Farm, Liberty Mutual, Allstate, and USAA — which offers insurance to members of the military and veterans and their families.
The table below lists New Hampshire’s top insurance companies and the approximate monthly premium cost for an average driver. However, these numbers are rough estimates and may vary greatly from any individual quote that would pertain to your unique driving history and situation.
Estimates give you an idea of which companies to contact for car insurance quotes, but make sure to shop around when you’re looking for New Hampshire car insurance companies and ask about multi-policy discounts and other discounts for safe driving, long tenure with the company and more.
The Best Car Insurance Companies in New Hampshire for 2020
Finding New Hampshire’s best car insurance companies just got easier. We’ve created a unique rating system, based off of key factors such as affordability, claims score, customer satisfaction, and the financial strength of the company, from reputable outlets like JD Power and AM Best. Scores are out of 100 and weighted equally. See how the following companies rank in New Hampshire.
Market Share by Company
According to 2018 data from the National Association of Insurance Commissioners, the top-rated auto insurance companies in New Hampshire are Berkshire Hathaway, Progressive, State Farm, Liberty Mutual, Allstate, USAA, Amica Mutual, Auto-Owners Insurance Group, MetLife and Travelers.
Berkshire Hathaway has the greatest market share in the state at 14.23%, followed by Progressive at 12.75%, State Farm at 12.15% and Liberty Mutual at 10.63%.
Check out the top insurers in New Hampshire in the table below.
Cheapest Car Insurance for Drivers With a DUI in New Hampshire
According to the Centers for Disease Control and Prevention, the percentage of adults who reported driving after drinking too much (in the 30 days prior to being surveyed) was 1.4% in New Hampshire.
The financial repercussions of getting a DUI are costly and can range from court and legal fees to alcohol education treatment programs. Additionally, your insurance rate will also see a spike in cost in addition to the legal fees. Consider the following auto insurance rates for drivers who receive a DUI in New Hampshire.
While each insurance company calculates premiums differently, you can expect to pay an additional $40,000 over the course of 13 years in increased auto insurance premiums. Exactly how much your rate would go up depends on your insurance company, your location and your driving record. With a DUI you’ll likely pay higher rates for up to a decade.
Cheapest Car Insurance for NH Speeding or Distracted Driving Tickets
According to the National Highway Traffic Safety Administration’s (NHTSA) 2018 Fatality Analysis Reporting System (FARS), 134 crashes in New Hampshire were caused by distracted driving. Driving while distracted can cause accidents. New Hampshire state laws prohibit all handheld device use while driving, according to the Governors Highway Safety Association.
The following table features estimates of what drivers in New Hampshire can expect to pay for auto insurance after they receive a ticket for distracted driving or speeding.
Your auto insurance rate is likely to go up if you get a ticket for speeding or for distracted driving. According to the Insurance Information Association, your driving record is taken into account when you secure your auto policy, so being riskier to insure means paying higher premiums. Your insurer can also re-evaluate your rate if you get a moving violation (i.e., a speeding ticket).
Cheapest Car Insurance Companies in NH for Drivers With Bad Credit
According to Experian, the average FICO Score in the United States hit a record high of 703 in 2019, which is lower than the New Hampshire average FICO Score of 724. Nationwide Insurance uses credit scores to determine premiums as studies show that using a credit score helps companies better predict insurance losses. If you have subprime credit (credit scores below 670), you’ll likely have to shop around to secure affordable car insurance in New Hampshire.
Consider the following table for an estimate of New Hampshire auto insurance for people with low credit scores.
To improve your credit rating, check out our guide on how to improve your credit score.
Cheapest Car Insurance Companies in New Hampshire for Seniors
When shopping for car insurance, seniors in New Hampshire should ask for discounts for completing driver safety courses, discounts for driving infrequently and discounts for choosing a vehicle that has good safety features. There are other options that seniors can consider when it comes to choosing auto insurance.
The following table is a general guideline of what seniors in New Hampshire can expect when they go looking for the most affordable car insurance.
In New Hampshire, all drivers must renew every five years, and the most common restriction for older drivers is to require glasses or corrective contact lenses. A road test may be required at renewal at the discretion of DMV personnel.
Cheapest Car Insurance for Students
New Hampshire Car Insurance: How Much a Teen Driver Will Cost You
Median annual price change for families with a teen driver on their policy:$1,900 INCREASE
This is a difference of 142%.
To best prepare teen drivers, the state of New Hampshire requires drivers younger than 18 to complete a driver education course and enroll in a graduated licensing system. This process includes a learning permit (age 15) and a youth operator license (ages 16 to 21). Parents should notify their insurance company when their teen begins to drive.
College students moving to New Hampshire to attend school are not required to establish residency there. If they do choose to become a resident, the state requires them to register their vehicles and obtain a New Hampshire driver's license within 60 days of establishing residency.
Premium Comparison by Student Type
Premium comparison for two adults + 16 years old
Town and Country Limiteds$2,837
This is 41% less expensive.
Cheaper premium for college vs. high school drivers
Median premium change with a college student vs. high school driver:
This is a savings of 14%.
Potential discounts for teens in New Hampshire
Impact on annual premium with good student and defensive driving discounts:
New Hampshire students: a long-distance discount
You may pay a smaller annual family premium if your child lives 150 miles or more away from home.
$3,499 at home
$3,046 at school
$453 IN SAVINGS
$2,920 at home
$2,647 at school
$273 IN SAVINGS
Insurance Rate Information for Military Drivers and Veterans
Military members might be able to obtain discounted auto insurance in New Hampshire. Most of the major carriers give discounts to military families, and several insurance companies sell policies only to veterans and active-duty enlisted, such as USAA.
Whether you're stationed in New Hampshire, or are a New Hampshire resident deployed elsewhere, residents must register their vehicles every year.
Age savings for New Hampshire service members
Median auto insurance for service members: $1,022
Who Needs Car Insurance in New Hampshire?
New Hampshire has no mandatory auto insurance law. However, the Division of Motor Vehicles recommends that you carry auto liability insurance policies that meet the state's minimum requirements (see below). If you have ever been convicted of driving under the influence or leaving the scene of an accident, you may be required to purchase auto insurance.
The DMV can also suspend a driver’s license or vehicle registration for any of the following violations:
- Driving while intoxicated (DWI)
- Failing to report an accident
- Vehicular homicide or assault
- Second-offense excessive speeding
- Second-offense reckless driving
Proof of Insurance in New Hampshire
New Hampshire has no mandatory insurance law. The Division of Motor Vehicles strongly recommends and urges all owners of motor vehicles to carry standard liability and property damage insurance.
If you cause an accident without insurance or proof of financial responsibility on file, you will be required to purchase the minimum amount of insurance (as noted below) and file an SR-22 form with the DMV for three years and pay a $500 fee to restore your license and registration.
Minimum Liability Insurance Requirements in New Hampshire
Although New Hampshire doesn't require auto liability insurance policies, drivers are required to show proof of financial responsibility — that means having enough money to cover the cost of an accident or buying insurance.
The minimum auto liability insurance limits in New Hampshire are 25/50/25:
- $25,000 bodily injury per person per accident
- $50,000 bodily injury for all persons per accident
- $25,000 property damage liability
- $25,000/$50,000 uninsured/underinsured motorist coverage
- You may also have medical payments coverage of at least $1,000
Alternatives to Insurance in New Hampshire
According to the State of New Hampshire Insurance Department, residents aren’t required to purchase insurance, but must be able to demonstrate that you are able to provide sufficient funds to meet New Hampshire Motor Vehicle Financial Responsibility Requirements in the event of an “at-fault” accident. If you are unable to meet these requirements, your driving privileges in New Hampshire may be suspended.
High-Risk Auto Insurance Program in New Hampshire
If you can't buy insurance through a traditional carrier, perhaps because of a spotty driving record, you may still be able to obtain coverage through the New Hampshire Automobile Insurance Plan. Applicants must demonstrate they applied for and were denied coverage within the past 60 days.
Car Insurance Requirements in NH: How Much Coverage Do You Need?
What percentage of drivers in New Hampshire lack vehicle insurance?
National average: 12.6%
Source:Insurance Information Institute.
It can be tempting to think of the savings that come along with not buying auto insurance in New Hampshire. However, no agency in New Hampshire recommends skipping insurance. No one plans on being in an accident, but you should take the "it-could-happen" approach.
To choose the right amount of insurance, consider what you stand to lose after an accident. Insurance industry experts traditionally recommend a 100/300 policy that covers up to $100,000 for an injury/death to one person and $300,000 for injury/death to two or more people. You may also want to consider adding comprehensive/collision insurance to cover your own vehicle, or getting uninsured motorist coverage in case you're hit by someone who doesn't have insurance. Uninsured motorist insurance also covers damage from hit-and-run drivers.
For more on the common types of car coverage and what's best for you, check out the MoneyGeek guide to car insurance.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
- Centers for Disease Control and Prevention. ”Drunk Driving State Data and Maps.” Accessed March 15, 2020.
- Centers for Disease Control and Prevention. “Motor Vehicle Safety.” Accessed March 15, 2020.
- Experian. “2019 Consumer Credit Review.” Accessed March 15, 2020.
- Insurance Information Institute. “Auto Rate Setting.” Accessed March 15, 2020.
- National Association of Insurance Commissioners. “Market Share Reports
- for Property/Casualty Groups and Companies.” Accessed March 15, 2020.
- National Highway Traffic Safety Administration. “2018 Fatality Analysis Reporting System (FARS).” Accessed March 15, 2020.
- New Hampshire DMV. “Financial Responsibility: Insurance Requirements/SR-22.” Accessed March 15, 2020.
- Nolo. “New Hampshire Driving Laws for Seniors and Older Drivers.” Accessed March 15, 2020.
- State of New Hampshire Insurance Department. “Your Guide to Understanding Auto Insurance
- in the Granite State.” Accessed March 15, 2020.