Riders looking for a way to keep themselves safe on the road should consider getting motorcycle insurance in New Hampshire. MoneyGeek collected quotes and rated insurance carriers in the state to help find you the best and cheapest motorcycle insurance in New Hampshire. Ratings are based on a unique scoring system, which considers affordability, products and services offered and financial stability. Review the average premiums below to find the best insurance provider for your needs.
Motorcycle Insurance in New Hampshire: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in New Hampshire
The cheapest motorcycle insurance in New Hampshire for the average driver is a liability-only policy that meets the state minimum coverage limits. However, this type of insurance only covers bodily injury and property damage liability, which means more gaps in your coverage after an at-fault accident. A full-coverage policy with comprehensive and collision insurance is the better option for most riders since it provides more protections and higher liability limits. The coverage used for this analysis was for a safe rider with 50/100/25 liability-only motorcycle insurance in New Hampshire.
Cheapest Liability-Only Motorcycle Insurance Quotes in New Hampshire
Based on motorcycle insurance quotes in New Hampshire, the cheapest companies for liability-only coverage are:
- GEICO: $99 per year
- Progressive: $140 per year
On the more expensive side is Dairyland, with an average $334 annual rate for liability-only coverage. That’s 70.4% more costly than GEICO.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in New Hampshire
Getting a full coverage policy with comprehensive and collision insurance provides better protection for your assets. It covers damages due to collisions with another vehicle or other structures and the damages to or loss of your bike because of non-collision incidents, including vandalism, theft or fire. If you are making payments on your motorcycle, you will likely need a full coverage policy.
For this study, MoneyGeek compared quotes for a good rider with 50/100/25 coverage and a $500 deductible. The most affordable motorcycle insurance in New Hampshire for full coverage are:
- GEICO: $167 per year
- Progressive: $264 per year
The most expensive insurance carrier for a full coverage policy, Nationwide, has an average rate of $467 per year. That means shopping around can help you save up to 64.2% annually.
Average Annual Premium for Comprehensive and Collision
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What Is the Average Motorcycle Insurance Cost in New Hampshire?
Generally, the cost to insure a motorcycle in New Hampshire depends on various factors, including coverage amounts, motorcycle model, riding record, age and years of riding experience. MoneyGeek gathered motorcycle insurance quotes in New Hampshire from multiple insurance providers.
The average cost of liability-only motorcycle insurance in the state is $206 per year or approximately $17 per month. The national average is $141, which means New Hampshire riders typically pay 46% more than average for motorcycle insurance. This type of policy does not cover the policyholder’s bike or their injuries if they are at fault in an accident.
Full-coverage motorcycle insurance in New Hampshire costs $358 per year on average or $30 per month. The average rate in the state is 1.65% less expensive than the national average of $364.
The policy coverages used to determine New Hampshire averages were $50,000/$100,000 bodily injury coverage with $25,000 property damage and a $500 deductible for full coverage policies.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in New HampshireAverage 12-Month National CostVariance
- Full Coverage$358$364-$6
- Liability Only$206$141$64
The Best Motorcycle Insurance Companies in New Hampshire
Using a unique rating system, MoneyGeek ranked companies to find the best motorcycle insurance in New Hampshire. These rankings are based on motorcycle quote data unique to the state, product offerings and selection, service quality and financial stability. The company with the highest score in New Hampshire is Progressive.
Based on MoneyGeek scores, the top three motorcycle insurance providers in New Hampshire are:
- Get quotes online
- Conduct transactions using the mobile app
- Wide range of extra coverage options
- Below-average J.D. Power user satisfaction rating
- Average product and service scores
- Not all discounts are available in all states
Progressive’s final MoneyGeek score is 91.02 out of 100, making it the top motorcycle insurer in New Hampshire. The average premium for a Progressive liability-only motorcycle insurance policy is $140 per year. The company charges $264 per year for a full coverage policy. Riders can find a wide range of coverage options at Progressive. For example, enhanced injury protection allows you to claim up to $250 per week for two years if you’re injured or cannot work because of a covered incident. If a fatal accident causes your death, your beneficiaries will receive $25,000. The company also issues automatic accident forgiveness for claims less than $500, preventing premium hikes. Progressive policyholders who’ve held a policy with the company for at least four years and remain accident-free for three years are also eligible for Large Accident Forgiveness, which covers their first accident of the year.
- Competitive rates
- Convenient customer tools
- Different payment channels and methods available
- Average product offering and service ratings
- Not all discounts are available in all states
- Hard to find local agents
GEICO ranks as the second-best motorcycle insurance company in New Hampshire with a MoneyGeek score of 90 out of 100. GEICO offers the most affordable annual premiums in the state, with a liability-only policy premium averaging $99 and a full-coverage premium at $167. Convenience is what sets GEICO apart from its competitors. Riders can easily get quotes online. The company’s mobile app allows policyholders to obtain proof of insurance, adjust their coverage, chat with an agent and even find the cheapest gas nearby. Policyholders can also purchase optional towing and labor coverage that can be helpful if you need an emergency tow or jump start. Unlike other carriers, GEICO automatically includes accessories coverage in its motorcycle insurance policies. That means all extra accessories that riders have in their bikes are covered, including backrests, CB radios, chrome pieces, helmets, saddlebags and seats.
- Multiple discounts
- 24/7 customer service
- Online bills payment and claims filing
- Limited coverage area
- Limited customer tools
- Motorcycle insurance cannot be bundled with auto insurance
With a MoneyGeek score of 78.78 out of 100, Markel rounds up the top three motorcycle insurance providers in New Hampshire. The company charges an average of $172 per year for a liability-only policy and $454 per year for a full-coverage plan. Markel offers different discounts to its policyholders. For instance, you can get a 10% discount by switching to Markel. If you have safety features in place, such as anti-lock brakes or anti-theft alarms, you may be eligible for a discount. Markel policyholders who remain accident-free for four years qualify for the “so long” deductible, which reduces your deductible by 25% for every consecutive year you remain accident-free. It can even lead to a $0 deductible after four years. The company also offers roadside assistance and trip interruption coverage for an additional $25 per year per unit. Adding $50 to your annual premium will include coverage for all private passengers, non-commercial and household vehicles in the nationwide roadside assistance program.
How to Get a Motorcycle Insurance Quote in New Hampshire
Most insurers allow riders to get motorcycle insurance quotes in New Hampshire online. However, you will need to provide some pieces of information to ensure the accuracy of your quote:
- ZIP code
- New Hampshire address where your bike will be located
- Make and model of your motorcycle
- Personal information, such as your birthdate, riding record and experience level
How Much Motorcycle Insurance Coverage Do You Need in New Hampshire?
Motorcycle insurance in New Hampshire is not a state requirement, but MoneyGeek recommends it. If you choose to purchase a policy, it’s important to know your state’s minimum liability coverage limits. Your motorcycle insurance policy in New Hampshire should have at least:
- $25,000 per-person bodily injury liability (BI)
- $50,000 per-accident bodily injury liability
- $25,000 property damage liability (PD)
How Much Insurance Coverage Is Required in New Hampshire?
While New Hampshire doesn’t require that you have motorcycle insurance, it requires Financial Responsibility, meaning that the person at fault in an accident is responsible for the resulting harm and damages. Having motorcycle insurance in New Hampshire will help you deal with these expenses in the event of an accident.
The minimum level of coverage for New Hampshire riders is 25/50/25 for bodily injury and property damage. That means your motorcycle insurance in New Hampshire should at least have $25,000 for bodily injury coverage per person, $50,000 per accident and $25,000 for property damage liability. The liability limits refer to the maximum amount your insurer will pay you for damages if you caused an accident.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in New Hampshire?
Motorcycle insurance in New Hampshire is not a state requirement. Instead, the state imposes Financial Responsibility, which means uninsured motorist, underinsured motorist or personal injury protection (PIP) coverage is not required. However, riders who want better protection can purchase these coverages.
For most riders in New Hampshire, MoneyGeek recommends a full coverage policy of at least 50/100/25. Preferably, we recommend that riders purchase a 100/300/100 policy because of the small additional cost for a significant increase in coverage.
Frequently Asked Questions About Motorcycle Insurance in New Hampshire
Motorcycle insurance quotes in New Hampshire vary depending on the rider and the insurance company. Here are some of the most commonly asked questions about this type of insurance:
MoneyGeeks collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles to help our users determine which is the least expensive provider in New Hampshire. The best motorcycle insurance companies in New Hampshire were determined using three factors, including policy cost in New Hampshire (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). The most recent license laws and insurance coverage requirements in New Hampshire were gathered from the Division of Motor Vehicles of the Department of Safety to ensure accurate and up-to-date information.
About the Author
- GEICO. "Motorcycle Insurance." Accessed May 9, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed May 9, 2021.
- J.D. Power. "2020 U.S. Auto Claims Satisfaction Study." Accessed May 9, 2021.
- Markel Insurance. "Motorcycle Insurance." Accessed May 9, 2021.
- New Hampshire Department of Safety – Division of Motor Vehicles. "Financial Responsibility - Insurance Requirements." Accessed May 9, 2021.
- Progressive. "Motorcycle Insurance." Accessed May 9, 2021.