Cheapest car insurance in New Hampshire for 2024

The average cost of full coverage insurance in New Hampshire is $1,700 per year, while the average cost of minimum coverage car insurance in New Hampshire is just $435. Both of these price points are lower than the national average. If you’re on a budget and want to save some money for car repairs or other expenses, the following cheap car insurance companies may be a good fit.

Key takeaways

• Cheapest company for minimum coverage: MMG
• Cheapest company for full coverage: MMG
• Cheapest company for drivers with prior incidents: The Hanover
• Cheapest company for young drivers: The Hanover

Getting minimum coverage is appealing to drivers on the hunt for low-cost car insurance in New Hampshire. While minimum coverage does not extend coverage to the driver’s car, it may serve the needs of drivers who just want to know they have valid insurance. According to our rate analysis, the companies below offer cheap auto insurance in New Hampshire for minimum coverage policies, and they also score well for customer service, digital tools, discount opportunities and more.

Minimum coverage requirements for New Hampshire drivers

According to New Hampshire car insurance laws, the state technically does not require a driver to carry auto insurance. However, you must still show proof that you are financially able to pay for the damages you could cause in an at-fault accident. Car insurance is generally one of the easiest ways to satisfy the New Hampshire laws. If you do choose to purchase car insurance, the lowest limits you can buy are:

• $25,000 bodily injury per person
• $50,000 bodily injury per accident
• $25,000 property damage

Minimum coverage car insurance in New Hampshire costs an average of $435 per year.

Although it may be tempting to forgo coverage to save money, most insurance professionals would advise that you purchase a policy unless you have the finances to pay for any damages that you could cause out of pocket. The costs associated with an at-fault accident can grow rapidly and can cause significant financial stress. Even if you purchase insurance, most agents recommend that you buy coverage in excess of the state minimum limits.

Purchasing full coverage insurance adds another layer of protection because it provides coverage for the damages to your own vehicle. If you have a loan or lease, you will likely be required to purchase full coverage. Financial institutions may impose their own minimum liability limits or other restrictions, such as a cap on how high your deductible can be.

Full coverage car insurance policies in New Hampshire typically combine liability insurance with comprehensive and collision coverage. These policies are more expensive, but also give you more peace of mind because of the added coverage for your personal vehicle. Having full coverage can reduce your likelihood of having to pay out of pocket in a claim. According to our analysis, the cheapest carriers for full car insurance in New Hampshire are MMG, USAA and Nationwide.

Drivers who are caught speeding, get into an at-fault accident or who are considered riskier to insure may have to search harder for cheap car insurance in New Hampshire. While these offenses eventually fall off of your driving record and stop having an impact on your premium, while they’re fresh, it helps to find insurers that penalize you less for the added risk. Consider starting with the insurance company options named below.

• Cheapest car insurance for drivers with a ticket: The Hanover
• Cheapest car insurance for drivers with an at-fault accident: MMG
• Cheapest car insurance for high-risk drivers: The Hanover

Cheapest insurance companies for drivers in New Hampshire with a speeding ticket: The Hanover

Getting a speeding ticket is a relatively common offense. However, insurance companies may interpret violations like this as a sign of risky driving. Speeding tickets for violations less than 25 miles per hour over the posted speed limit will result in three demerit points on your record in New Hampshire.The state keeps violations on your record for three years. Depending on your car insurance company, the speeding ticket may affect your premium for between three and five years. During this time, you may experience higher rates. The Hanover and USAA are the cheapest carriers for drivers with a speeding ticket in New Hampshire, on average.

Cheapest car insurance for drivers in New Hampshire with an at-fault accident: MMG

Unless you have first accident forgiveness, your car insurance will also go up after an at-fault accident. Typically, an at-fault accident will affect your car insurance premium for three to five years. The insurance companies listed below offer some of the most affordable options in New Hampshire for drivers with one at-fault accident on their record. If you’re looking for cheap insurance in New Hampshire after an at-fault accident in New Hampshire, consider MMG, The Hanover, USAA, Geico and Allstate.

Cheapest rates in New Hampshire for high-risk drivers: The Hanover

In New Hampshire, drivers who have multiple at-fault accidents, numerous speeding tickets or a DUI conviction may be considered high-risk drivers by insurance providers, resulting in higher premiums. Note that each insurance company uses their own set of criteria to determine what determines a high-risk driver. DUIs are the most serious high-risk infraction, and some insurance companies may not offer insurance policies to drivers with a DUI. The rates below reflect the average premiums for a driver in New Hampshire who has a single DUI conviction on their record. Our research found that the cheapest car insurance companies for high-risk drivers in New Hampshire are The Hanover, MMG and USAA.

Drivers under the age of 25 tend to have higher insurance premiums, because inexperience often translates to more accidents. You may want to look into good student discounts to mitigate this increase. In addition, some insurance carriers offer cheap car insurance for young drivers regardless of their grades.

• Cheapest car insurance for insuring a teen driver: The Hanover
• Cheapest car insurance for teens with a ticket: The Hanover
• Cheapest car insurance for teens with an at-fault accident: The Hanover
• Cheapest car insurance for young drivers with a DUI: The Hanover

Cheapest New Hampshire car insurance for insuring a teen driver: The Hanover

To secure a more affordable rate for teen drivers, it may be beneficial to obtain quotes from multiple insurance providers and take advantage of any young driver and student discounts available. The rates below reflect average premiums when adding a 16-year-old driver to a married couple’s car insurance policy. The cheapest car insurance for teen drivers in New Hampshire can be found through The Hanover, MMG, Geico, Allstate and USAA, based on our research.

Cheapest New Hampshire car insurance for teens with a ticket: The Hanover

Teen drivers in New Hampshire have certain restrictions under the age of 20. For instance, they can’t operate a vehicle between the hours of 1–4 a.m. Young drivers who get two or more speeding tickets within the first two years of getting their license must file an SR-22 form for three years to prove they meet minimum insurance requirements. The cheapest insurance for teens with a ticket in New Hampshire come from The Hanover, Geico and USAA. The following incident rates are for an 18 year old on their own policy.

Cheapest New Hampshire car insurance for teens with an at-fault accident: The Hanover

Since New Hampshire is a fault state, all or some of the blame can be assigned to each driver  involved. Young drivers who are at fault in an accident may see higher rates for several years. The cheapest rates for teen drivers who have been in an at-fault accident in New Hampshires are The Hanover, Geico and USAA.

Cheapest New Hampshire car insurance for young drivers with a DUI: The Hanover

Being a young driver with a DUI has serious consequences. Underage drivers need only have a blood alcohol level of just 0.02 to get a DUI in New Hampshire. Some insurance companies won’t insure these drivers at all, but other companies will insure a risky teen driver if they can pay a bigger premium. The cheapest car insurance for teens with a DUI in New Hampshire come from The Hanover, USAA and MMG.

Looking for New Hampshire car insurance savings? If you’re worried about the cost of car insurance, discounts can be a great way to save. Most insurance providers offer at least a few different discounts, such as the ones below.

• Young driver discounts: Most car insurance companies offer savings for full-time students who maintain good grades. Exact qualifications vary, but typically, the student will have to present proof of receiving a B average or better.
• Safe driver discounts: Most car insurance companies offer significant savings to drivers who have kept their driving record clean for a specific period of time.
• Other discounts: Some car insurance providers may offer savings to your alumni group, employer or a membership group like AARP. Additionally, you may qualify for savings if you’re a member of the military or a veteran.

Bankrate utilizes Quadrant Information Services to analyze the latest rates in April 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate increases filed by insurance companies and are weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Teens: Rates were determined by adding a 16-year-old teen to a 40-year-old married parent’s policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy. 

Age: Rates were calculated by evaluating our base profile with the ages 18 and 21 applied. Drivers are renters on their own policy. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.