Cheap New Hampshire Low-Income Car Insurance for Families and Individuals

New Hampshire does not have assistance programs offered by the government to help low-income drivers with the cost of car insurance. MoneyGeek’s analysis brings you the most affordable low-income car insurance in New Hampshire to help you save on your premiums. We found that Amica Mutual and Commerce Group Inc. have the cheapest quotes in the state for low-income families and individuals.

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Last Updated: 4/19/2022
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Your income level does not impact the amount you pay for car insurance. Instead, car insurance rates in New Hampshire change depending on your age and if you have a teen driver on your policy. MoneyGeek shows the best low-income car insurance providers in New Hampshire for varying credit ratings.

Is There Car Insurance for Low-Income Families and Individuals in New Hampshire?

Although car insurance is compulsory, there is no government car insurance program in New Hampshire to help low-income drivers buy insurance. Some 6.1% of New Hampshire drivers are uninsured, many of whom avoid purchasing car insurance because they can’t afford to.

The cheapest car insurance in New Hampshire for low-income families and individuals is a minimum coverage policy. Additionally, infrequent drivers may also consider purchasing pay-per-mile insurance that is affordable for some low-income drivers.

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Does New Hampshire Have a Government Program to Support Low-Income Drivers with Insurance?

New Hampshire does not provide government assistance programs to help low-income drivers with the high costs of car insurance. To get the cheapest coverage, drivers can compare quotes from several companies and consider purchasing insurance with minimum coverage. MoneyGeek ranked the most affordable insurers in New Hampshire to enable low-income drivers to save on car insurance costs.

The Cheapest New Hampshire Car Insurance Companies for Low-Income Drivers

Insurance companies consider various factors when calculating your car insurance rates. These include your age, coverage level and credit score. However, insurers do not include your income level in their calculations.

While the cheapest insurance is a minimum coverage policy, it also provides the least protection. MoneyGeek analyzed the cheapest car insurance companies in New Hampshire for low-income drivers using the above factors. Our research found that the most affordable companies in the state are Amica Mutual and Commerce Group Inc.

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The Cheapest New Hampshire Car Insurance Companies for Low-Income Families

Income levels do not influence car insurance rates in most states, including New Hampshire. However, your rates may vary significantly depending on your credit score. For example, single parents with a teen driver and poor credit score pay roughly $970 more than those with good credit. Meanwhile, couples with a teen driver pay as much as $1,253 more if they have poor credit rather than good.

The cheapest car insurance for low-income couples in New Hampshire with a teenage driver and poor credit is provided by:

  • Amica Mutual: $2,329 per year
  • Commerce Group Inc: $2,398 per year

USAA has the cheapest coverage for families with poor credit scores at an average of $1,563 per year, but its policies are limited to members of the military and their families.

Low-income single parents with a poor credit score can obtain the cheapest car insurance from:

  • Amica Mutual: $1,809 per year
  • Concord Group: $1,831 per year

The cheapest coverage is from USAA at approximately $1,232 per year. However, USAA is exclusive to members of the military and their families.

It is important to note that you can have a good credit score despite having a low income. Use the table below to toggle between poor and good credit scores and compare the different rates for your profile.

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  • Company
    Annual Rates
  • USAA
    $737
  • Amica Mutual
    $1,083
  • Concord Group
    $1,096
  • Commerce Group Inc
    $1,115
  • GEICO
    $1,125
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The Cheapest New Hampshire Car Insurance Companies for Low-Income Individuals

New Hampshire individuals with poor credit pay about $282 per year more than drivers with good credit scores.

The most affordable car insurance providers in New Hampshire for low-income individuals with a poor credit rating are:

  • Amica Mutual: $524 per year
  • Commerce Group Inc: $539 per year

The cheapest insurance in New Hampshire for low-income drivers with poor credit is $351 per year on average through USAA. However, only retired and current members of the military and their families can obtain car insurance through that insurer.

Low income does not imply that you have a poor credit rating. And if you maintain a good record, your rates will reduce significantly. Individuals with good credit pay $313 per year on average for car insurance with Amica Mutual, while those with a Commerce Group Inc. policy pay $323.

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  • Company
    Annual Rates
  • USAA
    $210
  • Amica Mutual
    $313
  • Commerce Group Inc
    $323
  • GEICO
    $340
  • Concord Group
    $348

The Cheapest New Hampshire Car Insurance Companies for Low-Income Students

Student drivers pay higher premiums for car insurance because they are more likely to get into accidents. While they are typically low-income, their high rates do not arise from their low income levels. Their credit score does matter, though. Student drivers with poor credit pay $685 more per year for car insurance than those with good credit.

The cheapest car insurance for low-income students in New Hampshire with poor credit is from:

  • Amica Mutual: $1,273 per year
  • Commerce Group Inc: $1,311 per year

If you come from a military background, you can purchase the cheapest insurance in New Hampshire USAA at approximately $854 annually.

Low-income student drivers do not necessarily have poor credit scores. And if your credit scores are good, you’ll enjoy much cheaper car insurance premiums. For instance, you will pay an average of $762 per year for car insurance from Amica Mutual and $784 for a Commerce Group Inc. policy.

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  • Company
    Annual Rates
  • USAA
    $511
  • Amica Mutual
    $762
  • Commerce Group Inc
    $784
  • GEICO
    $826
  • Concord Group
    $845

The Cheapest New Hampshire Car Insurance Companies for Low-Income Seniors

Car insurance carriers in New Hampshire feature higher rates for senior drivers than middle-aged drivers. Costs also vary depending on each driver’s credit score. Our sample 70-year-old driver can expect to pay $319 more per year for car insurance if they have a poor rather than good credit score.

The two cheapest car insurance companies for low-income senior drivers with poor credit in New Hampshire are:

  • Commerce Group Inc.: $515 per year
  • GEICO: $572 per year

At an average of $446 per year, USAA has the lowest car insurance rates for senior drivers with a poor credit score. However, that insurer’s policies are limited to active and retired military members and their families.

You can have a low income without necessarily having a poor credit score. And it pays. If you have good credit, for instance, you will pay an average of $308 per year for a policy from Commerce Group Inc. and $342 for a GEICO policy, respectively.

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  • Company
    Annual Rates
  • USAA
    $267
  • Commerce Group Inc
    $308
  • GEICO
    $342
  • Concord Group
    $370
  • State Farm
    $380

Does Income Affect Car Insurance Rates in New Hampshire?

Car insurance companies do not determine your rates based on your income. Instead, they consider factors that may be related to your income, like your credit score and age.

For example, young drivers pay higher premiums because they are more likely to get into accidents. The fact that they may also be low-income doesn’t factor into the cost of their insurance. However, insurers do look at an applicant’s claim history. Low-income drivers tend to file more claims than higher-income drivers because they can't afford repair costs out-of-pocket.

MoneyGeek determined the top factors that influence car insurance rates in New Hampshire are:

  • Your age.
  • The coverage level you select.
  • Adding a teen driver to your policy.

Other factors that impact your rates are your credit score and the model of your car.

  • Factor
    How it Affects Your Rates
  • Adding a Teen Driver

    Adding a teen driver to your car insurance policy in New Hampshire can make the rates 3.5x as costly.

  • Age of Driver

    The age of the driver also influences your rates in New Hampshire. Young drivers pay 2.4x more than middle-aged drivers.

  • Coverage Levels

    How much coverage you purchase in New Hampshire determines your costs. A full coverage policy is twice as expensive as the state minimum.

  • Car Model

    Depending on your car’s model, your rates may be twice as expensive.

  • Credit Score

    Drivers in New Hampshire with a poor credit score pay twice more than those with good scores.

Frequently Asked Questions About Low-Income Car Insurance in New Hampshire

MoneyGeek answers some frequently asked questions below about cheap car insurance for low-income families and individuals in New Hampshire.

Methodology

MoneyGeek calculated the cost of car insurance for low-income drivers in New Hampshire using quotes sourced in partnership with Quadrant Information Services. The sample driver is either a 40-year-old male, a single 40-year-old parent with a 16-year-old child, an adult couple each 40 years old or a couple with a 16-year-old child. The individual or family drives a 2010 Toyota Camry LE. The driver buys the minimum car insurance required in New Hampshire.

Costs for poor and good credit scores were extrapolated based on MoneyGeek’s dataset of credit score rate adjustments by score categorization.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.