Cheapest Car Insurance In New Hampshire (2024) (original) (raw)
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, Writer
10/18/2024 08:00 AM
As car insurance prices go up, New Hampshire drivers should compare different policy options to find the cheapest coverage. Our reviews team has researched the best car insurance companies nationwide. We carefully examined the reputation, customer satisfaction, coverage options, and average premiums of each provider.
In this review, we will show you the top methods to save money on insurance and where to find the most affordable car insurance in New Hampshire that matches your driving profile.
Key Points
- Hanover is the cheapest car insurance company in New Hampshire overall, with an average rate of $23 per month for minimum coverage and $166 per month for full coverage.
- USAA and MMG also offer affordable car insurance rates for many driver profiles.
- If you’re under 25 or have traffic violations on your record, your car insurance rates will be higher than the average.
- You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
Different car insurance companies assess driver profiles in various ways, meaning that the provider that offers the lowest rates for one driver may not be the most affordable option for you. To illustrate this, here is a summary of the most inexpensive auto insurance providers and their rates for different types of drivers in New Hampshire.
| Cheapest Car Insurance Company | Average Monthly Cost | Average Annual Cost | |
|---|---|---|---|
| Minimum coverage | Hanover | 23∣23 | 23∣274 |
| Full coverage | USAA | 99∣99 | 99∣1,188 |
| 16-year-olds | Hanover | 58∣58 | 58∣695 |
| 45-year-olds | USAA | 22∣22 | 22∣265 |
| High-risk drivers | Hanover | 30∣30 | 30∣360 |
| After a speeding ticket | Hanover | 23∣23 | 23∣274 |
| After an accident | Hanover | 35∣35 | 35∣421 |
| After a DUI | Hanover | 32∣32 | 32∣385 |
| Poor credit drivers | USAA | 26∣26 | 26∣314 |
*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.
What Is The Cheapest Car Insurance Company In New Hampshire?
In general, we discovered that Hanover provides the most affordable car insurance in New Hampshire for most types of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in New Hampshire.
These rates apply to drivers in New Hampshire who are of various ages, living in different areas, and have different driving experiences. The cheapest companies are organized by minimum coverage costs.
Cheapest Minimum Coverage In New Hampshire: Hanover
Drivers looking for the most affordable coverage that just meets New Hampshire state minimum requirements may find it at Hanover for about $23 per month or $274 per year on average.
| Cheapest Car Insurance in New Hampshire | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| Hanover | 23∣23 | 23∣274 |
| USAA | 26∣26 | 26∣314 |
| MMG | 34∣34 | 34∣407 |
| Auto-Owners | 35∣35 | 35∣422 |
| Safety | 40∣40 | 40∣475 |
| GEICO | 40∣40 | 40∣476 |
| State Farm | 44∣44 | 44∣524 |
| Progressive | 50∣50 | 50∣603 |
| Farmers | 69∣69 | 69∣823 |
| Allstate | 84∣84 | 84∣1,012 |
Cheapest Full Coverage In New Hampshire: USAA
If you want the best coverage for a good price, USAA is the best choice. The provider offers full-coverage insurance for an average of $99 per month.
Full-coverage insurance policies in New Hampshire generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.
| Cheapest Car Insurance in New Hampshire | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| USAA | 99∣99 | 99∣1,188 |
| Auto-Owners | 103∣103 | 103∣1,235 |
| MMG | 123∣123 | 123∣1,482 |
| GEICO | 130∣130 | 130∣1,561 |
| Progressive | 133∣133 | 133∣1,592 |
| Safety | 134∣134 | 134∣1,612 |
| Hanover | 166∣166 | 166∣1,995 |
| State Farm | 170∣170 | 170∣2,042 |
| Allstate | 211∣211 | 211∣2,537 |
| Farmers | 227∣227 | 227∣2,729 |
Cheapest Car Insurance In New Hampshire: Age
Below, you’ll find average insurance costs for New Hampshire drivers ages 16 to 55 as well as the top five budget-friendly car insurance companies for each age group. Drivers who are between the ages of 30 and 55 often receive the most affordable car insurance rates. This is because they have spent more time driving and therefore have more experience. Additionally, statistics show that they are less likely to be involved in car accidents compared to younger drivers.
Average Car Insurance Rates By Age
| Age | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| 16 | 182∣182 | 182∣577 |
| 25 | 49∣49 | 49∣167 |
| 35 | 40∣40 | 40∣132 |
| 45 | 40∣40 | 40∣126 |
| 55 | 38∣38 | 38∣119 |
Cheapest New Hampshire Car Insurance: Young Drivers
As mentioned, drivers in their teens and early 20s typically pay the most expensive car insurance rates. That’s mainly because these drivers have less practice driving and are more likely to ignore traffic rules and get into car crashes.
In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.
Cheapest New Hampshire Car Insurance For 16-Year-Olds: Hanover
If you’re a teen driver or the parent of one, Hanover may be your best bet for finding the most affordable car insurance in New Hampshire.
The company’s cheapest average rates for 16-year-old drivers are $58 per month or $695 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $222 per month or $2,658 per year from Auto-Owners.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 58∣58 | 58∣355 |
| Auto-Owners | 86∣86 | 86∣222 |
| MMG | 121∣121 | 121∣303 |
| GEICO | 123∣123 | 123∣456 |
| USAA | 140∣140 | 140∣600 |
| State Farm | 187∣187 | 187∣636 |
| Progressive | 253∣253 | 253∣809 |
| Allstate | 266∣266 | 266∣518 |
| Safety | 291∣291 | 291∣1,024 |
| Farmers | 294∣294 | 294∣849 |
Cheapest New Hampshire Car Insurance For 25-Year-Olds: Hanover
Car insurance rates for young drivers in their 20s decrease a lot when compared to what teen drivers pay. However, the rates for this age group can still be high depending on which company you go with.
Hanover provides the cheapest car insurance costs on average at $24 per month or $291 per year for minimum coverage. Auto-Owners costs $115 per month or $1,375 per year for full coverage.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 24∣24 | 24∣174 |
| USAA | 30∣30 | 30∣115 |
| Auto-Owners | 41∣41 | 41∣115 |
| GEICO | 42∣42 | 42∣148 |
| MMG | 42∣42 | 42∣140 |
| Safety | 47∣47 | 47∣162 |
| State Farm | 48∣48 | 48∣193 |
| Progressive | 53∣53 | 53∣143 |
| Farmers | 77∣77 | 77∣251 |
| Allstate | 88∣88 | 88∣234 |
Cheapest New Hampshire Car Insurance: Adult Drivers
Auto insurance is generally the cheapest for people in their 40s when compared to other age groups of drivers. You can compare average auto insurance premiums of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.
Cheapest New Hampshire Car Insurance For 35-Year-Olds: Hanover
Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from Hanover. The company offers average minimum-coverage costs of $21 per month or $257 per year. For full coverage, USAA’s rates average $83 monthly or $996 annually.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 21∣21 | 21∣159 |
| USAA | 23∣23 | 23∣83 |
| MMG | 26∣26 | 26∣107 |
| Auto-Owners | 30∣30 | 30∣91 |
| Safety | 32∣32 | 32∣106 |
| GEICO | 38∣38 | 38∣112 |
| State Farm | 39∣39 | 39∣147 |
| Progressive | 48∣48 | 48∣122 |
| Farmers | 60∣60 | 60∣204 |
| Allstate | 80∣80 | 80∣189 |
Cheapest New Hampshire Car Insurance For 45-Year-Olds: USAA
Forty-five-year-old drivers may find the most affordable minimum coverage from USAA, with average rates of $22 per month or $265 per year. The cheapest full coverage comes from USAA at $80 per month or $957 per year.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 22∣22 | 22∣80 |
| Hanover | 22∣22 | 22∣156 |
| MMG | 23∣23 | 23∣94 |
| Auto-Owners | 26∣26 | 26∣83 |
| Safety | 31∣31 | 31∣104 |
| GEICO | 38∣38 | 38∣107 |
| State Farm | 40∣40 | 40∣145 |
| Progressive | 47∣47 | 47∣117 |
| Farmers | 69∣69 | 69∣198 |
| Allstate | 79∣79 | 79∣181 |
Cheapest New Hampshire Car Insurance For 55-Year-Olds: USAA
USAA generally offers the most affordable car insurance rates for drivers in their 50s in New Hampshire. The insurer’s average premiums are $22 monthly or $262 annually for minimum coverage. The cheapest full coverage option is from USAA, costing $80 monthly or $957 annually
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 22∣22 | 22∣76 |
| MMG | 22∣22 | 22∣91 |
| Hanover | 22∣22 | 22∣137 |
| Auto-Owners | 25∣25 | 25∣81 |
| Safety | 27∣27 | 27∣90 |
| GEICO | 36∣36 | 36∣108 |
| State Farm | 39∣39 | 39∣137 |
| Progressive | 47∣47 | 47∣106 |
| Farmers | 62∣62 | 62∣179 |
| Allstate | 79∣79 | 79∣182 |
Cheapest Car Insurance In New Hampshire: High-Risk Drivers
Besides the type of coverage and your age, how safely you drive is a significant factor in determining your car insurance cost. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding citations, at-fault accidents, and DUI convictions.
Average Car Insurance Rates For High-Risk Drivers
Drivers who are considered high-risk must pay car insurance rates that are above the average because they have multiple violations on their driving records. On average, New Hampshire motorists who are deemed high-risk may find the most affordable rates from Hanover for minimum coverage or USAA for full coverage.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 30∣30 | 30∣220 |
| USAA | 38∣38 | 38∣139 |
| MMG | 51∣51 | 51∣189 |
| Auto-Owners | 51∣51 | 51∣150 |
| State Farm | 61∣61 | 61∣192 |
| Progressive | 63∣63 | 63∣177 |
| Safety | 65∣65 | 65∣223 |
| GEICO | 66∣66 | 66∣225 |
| Allstate | 106∣106 | 106∣276 |
| Farmers | 110∣110 | 110∣354 |
Cheapest New Hampshire Car Insurance For Drivers With A Speeding Ticket: Hanover
Drivers with a speeding citation on their record can generally find the most affordable coverage from Hanover, with average rates of $23 per month or $274 per year for minimum coverage and $166 per month or $1,995 per year for full coverage.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 23∣23 | 23∣166 |
| USAA | 30∣30 | 30∣115 |
| Safety | 40∣40 | 40∣134 |
| Auto-Owners | 40∣40 | 40∣118 |
| State Farm | 44∣44 | 44∣170 |
| MMG | 47∣47 | 47∣175 |
| GEICO | 49∣49 | 49∣163 |
| Progressive | 62∣62 | 62∣175 |
| Farmers | 94∣94 | 94∣301 |
| Allstate | 94∣94 | 94∣245 |
Cheapest New Hampshire Car Insurance For Drivers With An At-Fault Accident: Hanover
Getting into a car accident in New Hampshire may lead to higher car insurance costs. Hanover tends to offer the most affordable rates on average at about $35 per month or $421 per year for minimum coverage and $247 per month or $247 per year for full coverage.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 35∣35 | 35∣247 |
| USAA | 38∣38 | 38∣140 |
| MMG | 50∣50 | 50∣184 |
| Auto-Owners | 52∣52 | 52∣149 |
| State Farm | 53∣53 | 53∣187 |
| GEICO | 64∣64 | 64∣223 |
| Safety | 70∣70 | 70∣243 |
| Progressive | 71∣71 | 71∣205 |
| Allstate | 121∣121 | 121∣313 |
| Farmers | 124∣124 | 124∣396 |
Cheapest New Hampshire Car Insurance For Drivers With A DUI: Hanover
If you’re a motorist with a DUI conviction, you may find the cheapest minimum car insurance in New Hampshire from Hanover for $32 per month or $385 per year on average. They also have rates of $247 monthly or $2,967 annually for full coverage.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Hanover | 32∣32 | 32∣247 |
| USAA | 46∣46 | 46∣161 |
| Progressive | 56∣56 | 56∣152 |
| MMG | 56∣56 | 56∣208 |
| Auto-Owners | 62∣62 | 62∣181 |
| Safety | 84∣84 | 84∣292 |
| GEICO | 85∣85 | 85∣290 |
| State Farm | 86∣86 | 86∣219 |
| Allstate | 104∣104 | 104∣270 |
| Farmers | 113∣113 | 113∣365 |
Cheapest New Hampshire Car Insurance For Drivers With Poor Credit: USAA
People with bad credit have to pay more money for car insurance. Those who don’t have the best credit history may want to check out USAA, which has an average minimum-coverage rate of $44 per month or $526 per year and an average full-coverage rate of $179 per month or $2,144 per year.
| Cheapest Car Insurance in New Hampshire | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| USAA | 44∣44 | 44∣179 |
| Auto-Owners | 52∣52 | 52∣150 |
| GEICO | 54∣54 | 54∣198 |
| Safety | 66∣66 | 66∣228 |
| Progressive | 68∣68 | 68∣212 |
| MMG | 77∣77 | 77∣279 |
| Hanover | 81∣81 | 81∣547 |
| Allstate | 109∣109 | 109∣290 |
| Farmers | 136∣136 | 136∣424 |
| State Farm | 184∣184 | 184∣717 |
Average Cost Of Car Insurance In 10 New Hampshire Cities
Another thing that affects how much you spend on car insurance in New Hampshire is where you live. Auto insurance companies consider drivers riskier to cover in areas with:
- Larger numbers of people
- There are a higher number of cars driving on the roads.
- More car accidents happening at a greater frequency.
- More incidents of breaking traffic laws
- More incidents of car theft and slashed tires
- Extreme weather conditions
Certain factors pose a higher risk for car owners in bigger cities, leading to drivers in busy urban areas paying the highest average cost for minimum car insurance coverage. On the other hand, drivers in rural areas with lower crime rates and smaller populations usually enjoy cheaper rates.
| City | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Manchester | 49∣49 | 49∣150 |
| Nashua | 45∣45 | 45∣137 |
| Concord | 39∣39 | 39∣125 |
| Dover | 41∣41 | 41∣127 |
| Keene | 36∣36 | 36∣119 |
| Rochester | 40∣40 | 40∣126 |
| Derry | 47∣47 | 47∣142 |
| Portsmouth | 40∣40 | 40∣124 |
| Laconia | 39∣39 | 39∣128 |
| Claremont | 36∣36 | 36∣126 |
Top 5 Car Insurance Companies In New Hampshire
We’ve examined more than 40 insurance companies in New Hampshire. Our analysis considered factors like cost, coverage, service quality, and reliability. As a result, we have identified the top five insurers for residents in the state. Based on our research, we found Hanover to be the best provider for most drivers in New Hampshire. Here are the ratings we gave to our top recommendations.
| Overall Rating | Cost | Coverage | Reliability | Service | |
|---|---|---|---|---|---|
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5.0 | 4.5 |
| #2 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #3 Progressive | 4.5 | 4.0 | 4.8 | 4.8 | 4.1 |
| #4 USAA | 4.5 | 4.7 | 4.8 | 4.5 | 4.3 |
| #5 Allstate | 4.4 | 3.8 | 4.6 | 4.8 | 4.2 |
*The overall and category ratings above are based on nationwide factors.
How To Get The Cheapest Car Insurance In New Hampshire
You can reduce your car insurance expenses in New Hampshire in different ways. These include:
- Opting for minimum coverage: If you only get the amount of coverage that your state requires, you can get the car insurance that is the least expensive.
- Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
- Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
- Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
- Comparing quotes: Asking for price estimates from different companies can help you figure out which provider will give you the best offer.
Many insurance companies offer usage-based insurance programs as a way to save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may be eligible for a significant discount, but certain programs may increase your rates if you engage in risky driving actions.
Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.
What Does New Hampshire Require For Car Insurance?
Drivers in New Hampshire must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $25,000 property damage liability per accident
- $50,000 underinsured/uninsured motorist bodily injury coverage per accident
- $25,000 underinsured/uninsured motorist bodily injury coverage per person
- $25,000 underinsured/uninsured motorist property damage coverage per accident
- $1,000 medical payments coverage also required
Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.
Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.
Our Take: Best Cheap Car Insurance In New Hampshire
When it comes to both minimum and full coverage, Hanover is the best and cheapest auto insurance company for most drivers in New Hampshire. While the above costs can give you an idea of what you’d pay for car insurance in New Hampshire, requesting a customized quote will help give you a more accurate picture of what you’ll pay.
Many companies offer quick and cost-free tools on their website to get insurance quotes. Alternatively, you can directly contact an insurance agent or representative from the company. Once you have gathered quotes from three or more providers, compare them to find the best option for you.
Best Cheap Car Insurance In New Hampshire: FAQ
Here are some frequently asked questions about car insurance in New Hampshire:
How much is car insurance per month in New Hampshire?
The average cost of minimum-coverage car insurance in New Hampshire is $44 per month or $533 per year. For full coverage, the average is $150 per month or $1,797 per year.
Is New Hampshire Car Insurance Cheaper?
New Hampshire auto insurance is typically cheaper than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinNewHampshireis∗∗670 per year, while the average in New Hampshire is 670peryear,whiletheaverageinNewHampshireis∗∗533 per year. For full coverage, residents of New Hampshire pay about $1,797 per year on average, which is less than the national average of $2,216 per year.
How We Rate Insurers
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Data accurate at time of publication.