Best Auto Insurance Rates in New Hampshire
The average cost of car insurance in New Hampshire is $33 a month for minimum coverage and $72 a month for full coverage. Coverage rates depend on where you live in the state, which company you choose and more. This article focuses on the best car insurance tips in New Hampshire, including:
- Cheap car insurance companies in NH
- Average costs for auto insurance by city
- Do you need car insurance in New Hampshire?
Cheap car insurance in New Hampshire
In New Hampshire, full-coverage car insurance costs $860 on average and a minimum-coverage policy costs $392 on average. That’s a $469 difference. Minimum coverage will cost you less in premiums, but you may want to consider purchasing comprehensive and collision coverage to protect yourself in case of an accident.
Although New Hampshire doesn’t require drivers to carry car insurance, you must meet financial obligations when you’re involved in an accident. If you opt for auto insurance, you need to carry at least the state’s minimum insurance limits — 25/50/25 liability coverage and $1,000 medical payments coverage.
Best car insurance companies for a full-coverage policy
MMG has the cheapest rates for a full-coverage policy in New Hampshire at $632 a year, according to our data. These insurance companies offer the lowest rates for car insurance in the state:
| Insurance company | Average policy cost (yearly) | |||
|---|---|---|---|---|
| USAA* | $520 | |||
| MMG | $632 | |||
| Concord General | $633 | |||
| Amica | $699 | |||
| State Farm | $720 | |||
| New Hampshire average | $860 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. *USAA membership is only available to active, retired and separated U.S. military veterans and their family members. | ||||
USAA actually offers the cheapest rates, but it’s only available to military members and their families. Besides USAA, MMG is the cheapest option for a full-coverage policy in NH ($632 per year), followed closely by Concord General ($633 per year).
On average, New Hampshire drivers pay $860 for full-coverage car insurance. That’s $196 more than MMG’s annual rates. This is why it’s a good idea to compare car insurance quotes before choosing an insurer.
Best car insurance companies for minimum coverage
GEICO offers the cheapest minimum-coverage auto insurance in New Hampshire at $313 a year. According to our data, these insurance companies offer some of best rates in the state for a minimum-coverage policy:
| Insurance company | Average policy cost (yearly) | |||
|---|---|---|---|---|
| USAA* | $224 | |||
| GEICO | $313 | |||
| Concord General | $320 | |||
| Amica | $321 | |||
| State Farm | $338 | |||
| New Hampshire average | $392 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. *USAA membership is only available to active, retired and separated U.S. military veterans and their family members. | ||||
GEICO premiums average $313 annually or $26 per month for a minimum-coverage policy. That’s $79 less than New Hampshire’s average annual minimum policy cost.
Rate factors like ZIP code, driving history, age and more all influence what you pay for car insurance, so your premiums may vary significantly.
Best car insurance companies for drivers with an accident
If you’re involved in an at-fault accident, you’ll probably see a jump in your insurance rates. But different insurers weigh your driving history to a varying extent. Concord General offers the cheapest rates for drivers with an accident at $832 a year. These are the least expensive insurers in NH for drivers with an accident on their record:
| Insurance company | Average policy cost (yearly) | |||
|---|---|---|---|---|
| USAA* | $710 | |||
| Concord General | $832 | |||
| State Farm | $891 | |||
| MMG | $936 | |||
| GEICO | $1,004 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. *USAA membership is only available to active, retired and separated U.S. military veterans and their family members. | ||||
Our data shows that drivers with an accident on their record pay an average $832 per year or $69 per month with Concord General.
Popular car insurance companies in New Hampshire
What insurers do NH drivers rely on for car insurance? These are the most popular insurance companies in the state, according to market share percentages from S&P.
| Insurance company | Market share percentage |
|---|---|
| GEICO | 13% |
| Progressive | 12.6% |
| Allstate | 11.3% |
| State Farm | 11.2% |
| Liberty Mutual | 10.4% |
GEICO holds 13% of the state’s market share, followed closely by Progressive, which holds 12.6%.
Cost of car insurance by city in New Hampshire
In addition to factors like your age and driving record, where you live also impacts the price of your car insurance policy. These are the average rates for cities across New Hampshire:
| City | Premium cost (yearly) | |||
|---|---|---|---|---|
| Derry | $1,000 | |||
| Georges Mills | $817 | |||
| Hudson | $934 | |||
| Manchester | $1,092 | |||
| Rochester | $862 | |||
| Rye Beach | $865 | |||
| Winnisquam | $831 | |||
| Average rates are based on non-binding estimates by Quadrant Information Services. Your rates may vary. | ||||
On average, drivers in Georges Mills pay $817 per year for car insurance, the least of the cities we compared. Whereas Manchester drivers pay $1,092 per year on average, the most expensive rates in New Hampshire.
Minimum auto insurance requirements in New Hampshire
New Hampshire is the only state that does not require all drivers to have car insurance. Although car insurance isn’t required, New Hampshire does require drivers to meet their financial obligations when they’re involved in an accident.
For drivers who do use car insurance, all policies in New Hampshire must include the minimum coverage below:
- $25,000 of coverage for bodily injury liability per person.
- $50,000 of coverage for bodily injury liability per incident.
- $25,000 of coverage for property damage liability per incident.
- $1,000 of medical payments coverage.
Liability coverage is meant to help pay for other peoples’ medical and repair bills if you're found at fault in a car accident. Medical payments coverage is intended to pay for your medical expenses after an accident, regardless of who was at fault.
Methodology
Best insurance for a full-coverage policy: This data is based on the driving profiles of 35-year-old men and women in New Hampshire with a clean driving record, excellent credit score and a full-coverage policy (comprehensive, collision and liability).
Best insurance for a minimum-coverage policy: This data was compiled using driving profiles from 35-year-old men and women in New Hampshire with a clean driving record, excellent credit score and a minimum-coverage policy:
- $25,000 of coverage for bodily injury liability per person.
- $50,000 of coverage for bodily injury liability per incident.
- $25,000 of coverage for property damage liability per incident.
- $1,000 of medical payments coverage.
Best insurance for drivers with an accident: This data is based on the driving profiles of 35-year-old men and women in New Hampshire with a single, at-fault accident, an excellent credit score and a full-coverage policy (comprehensive, collision and liability).
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