Cheap Car Insurance

Cheaper Rates Today in NH

Car Insurance in New Hampshire

  • Compare cheap car insurance quotes in NH.
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your New Hampshire car insurance.

Cheap Car Insurance

Cheaper Rates Today in NH

Car Insurance in New Hampshire

  • Compare cheap car insurance quotes in NH.
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your New Hampshire car insurance.

Cheap Car Insurance Companies In New Hampshire

The average semiannual cost of car insurance in the state of New Hampshire is $548.17. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in New Hampshire across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

CompanySemi Annual Permium
State Farm$514.50

*Data Methodology – Updated 2/29/2024

The New Hampshire car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in NH. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

New Hampshire Minimum Liability Coverage

New Hampshire requires all drivers to carry a minimum level of auto insurance liability coverage. This minimum coverage includes:

Bodily Injury Liability: $25,000 per person and $50,000 per accident. This covers injuries and losses caused by the policyholder to other drivers, passengers, and pedestrians as a result of an accident.

Property Damage Liability: $25,000 per accident. This covers damages to other vehicles and property resulting from an accident caused by the policyholder.

In addition to this minimum liability insurance, New Hampshire requires drivers to carry:

• Uninsured/Underinsured Motorist Coverage of $25,000 per person and $50,000 per accident. This covers injuries and damages caused by drivers who do not have adequate insurance coverage.
• Medical Payments Coverage of $1,000 per person. This covers medical expenses for the policyholder and passengers in the insured vehicle after an accident, regardless of fault.

Penalties for Driving Without Insurance in New Hampshire

Driving without insurance is illegal in New Hampshire and can result in severe penalties. If caught driving without insurance, you may face the following penalties:

• Fines. New Hampshire law requires a minimum fine of $500 for a first offense of driving without insurance. The maximum fine is $1,000. Subsequent offenses within three years carry higher minimum fines of $750 for a second offense and $1,000 for a third or subsequent offense.
• License Suspension. For a first offense, your license will be suspended for three months. For a second offense within three years, the suspension is six months. For a third or subsequent offense within three years, the suspension is one year.
• Vehicle Registration Suspension. Your vehicle registration will also be suspended for the same time period as your license suspension. You will not be able to register your vehicle until your license is reinstated.
• Court Fees. The court may also assess additional fees of up to $50 for driving without insurance.
• Possible Jail Time. In some cases, the court may sentence offenders to up to one year in jail, though jail time is less common for first-time offenders.

Auto Insurance Rates in New Hampshire

Auto insurance rates in New Hampshire tend to be comparatively lower than the national average. New Hampshire residents pay an annual average of $840 for auto insurance, while the national average is $1,100. Several factors contribute to the lower rates in New Hampshire.

First, New Hampshire has one of the nation’s lowest traffic fatality rates, which means insurance companies have fewer claims to pay out. In 2019, New Hampshire had 0.85 traffic fatalities per 100 million vehicle miles traveled, compared to the national average of 1.11. Fewer accidents means lower risk for insurance companies and lower premiums for drivers.

Second, New Hampshire has relatively lenient insurance regulations, giving insurers more flexibility to set rates. New Hampshire is the only state that does not require drivers to carry minimum liability insurance. While many drivers do carry insurance, the lack of a mandate keeps rates lower for those who do. New Hampshire also does not require drivers to carry personal injury protection or uninsured motorist coverage, which some states mandate.

Third, New Hampshire has a lower population density compared to most states, which means fewer vehicles are sharing the road and there is less congestion. Less congestion tends to correlate with fewer accidents and lower insurance costs.

A combination of fewer accidents per capita, lenient insurance laws, and less congestion all contribute to lower average auto insurance rates for New Hampshire drivers.

Low Cost Car Insurance Programs and Discounts in New Hampshire

There are several ways for New Hampshire residents to reduce the cost of their car insurance. Comparing rates from multiple insurers and shopping around is one of the most effective methods. Some insurance companies also offer low-income auto insurance programs and discounts to qualified drivers.

State-sponsored programs like the New Hampshire Automobile Insurance Plan provide basic liability coverage to drivers who cannot obtain insurance through standard carriers. Eligibility is based on income, credit score, driving record, and other factors. Coverage limits tend to be lower through these plans, but they ensure drivers meet the state’s financial responsibility requirements.

Many insurers offer discounts for good students, multiple policies, safe driving, and more. Discounts can range from 5% to over 20% off premiums. Some of the most common discounts include:

• Good student: Available for students maintaining a B average or higher.
• Multi-policy: Bundling home and auto insurance with the same company.
• Safe driver: For drivers with a clean driving record for several years.
• Anti-theft devices: For vehicles equipped with anti-theft devices like alarms, immobilizers, or GPS trackers.
• Military: Active duty and retired military personnel may qualify.
• Pay in full: For paying the full annual premium upfront instead of in installments.

New Hampshire Car Insurance Statistics

New Hampshire has some of the lowest average car insurance premiums in the nation. According to the National Association of Insurance Commissioners, the average annual expenditure for auto insurance premiums per New Hampshire private passenger vehicle was $698 in 2019. This placed New Hampshire as the 3rd least expensive state for car insurance that year.

Factors Affecting Premiums:

Several factors influence the cost of car insurance in New Hampshire:

  • Driving Record: Tickets, crashes and moving violations can significantly raise insurance rates. Safe drivers with clean records tend to pay the lowest premiums.
  • Vehicle Type: Sports cars and luxury vehicles generally cost more to insure due to higher repair costs and frequency of claims.
  • Driving Experience: Younger or inexperienced drivers are seen as higher risks, resulting in higher rates. Premiums tend to decrease as drivers gain more experience.
  • Bodily Injury Liability Limits: Higher liability limits provide more financial protection but also cost more for coverage.
  • Comprehensive and Collision Coverage: Drivers who carry comprehensive and/or collision coverage pay higher premiums.
  • Credit History: Some insurers use an applicant’s credit-based insurance score to determine premiums, particularly for non-standard policies.

The 10 Largest New Hampshire Car Insurance Companies

New Hampshire drivers have many options when shopping for car insurance. The top 10 largest insurance companies in the state by market share are:

  1. Progressive – Progressive is the largest car insurance provider in New Hampshire, insuring around 15% of the market. Progressive offers many discounts and usage-based programs to help keep rates down.
  2. Liberty Mutual – Liberty Mutual has around 12% of the New Hampshire market. They offer a wide range of coverage options and discounts for things like bundling policies, good driving records, and more.
  3. State Farm – State Farm has about 11% of the New Hampshire car insurance market. State Farm is known for offering affordable rates and many discounts, like multiple policy, good student, and safe driver.
  4. Allstate – Allstate insures roughly 8% of drivers in New Hampshire. Allstate provides a range of coverage options and discounts, including for good grades, multiple policies, and safe driving.
  5. Geico – Geico has captured around 7% of the New Hampshire car insurance market. Geico is known for its affordable rates, 24/7 claims service, and many available discounts.
  6. Farmers – Farmers insures about 6% of drivers in New Hampshire. Farmers offers many discounts and coverage options to help keep rates competitive.
  7. MAPFRE Insurance – MAPFRE has a 5% market share in New Hampshire. They offer a variety of coverage options and discounts for things like safe driving, bundling policies, and multiple vehicles.
  8. Plymouth Rock – Plymouth Rock Assurance insures approximately 4% of New Hampshire drivers. They offer affordable rates and many discounts for things like safe driving, good student status, and multiple policies.
  9. Merchants Insurance Group – Merchants has a 3% market share in New Hampshire. They provide a variety of coverage options and discounts for things like multi-policy, safe driving, and good student status.
  10. Amica Mutual – Amica insures around 2% of drivers in New Hampshire. Amica is known for providing exceptional customer service and many available discounts.