Cheapest Car Insurance In New Hampshire For 2024
Hanover is distinguished for its reliable and budget-friendly auto insurance offerings in New Hampshire.
We’ve saved shoppers an average of $600 per year on their car insurance.
Finding affordable car insurance in New Hampshire can be tough, but it’s far from impossible. Hanover, a top insurance company, is known for offering good rates and reliable service. Whether you’re looking for minimum coverage or something more comprehensive, Hanover has a range of options. With rising living expenses, securing cost-effective car insurance that meets your needs is critical.
Whether you’re a first-time driver, a daily commuter, or a family looking to save on insurance, understanding the factors that impact rates and knowing where to get the best deals will help you save. With over ten years of experience researching car insurance policies, I’ve compiled this guide to simplify the process for you.
We’ll explore what affects premiums and provide practical tips to find the cheapest car insurance in New Hampshire while maintaining good coverage.
Cheapest Car Insurance Companies In New Hampshire
Our Methodology
In conducting our study, I used a structured approach to collect and analyze information about various car insurance providers and their policies. First, I identified important factors to evaluate, such as coverage options, pricing, customer satisfaction, and financial stability. Then, I gathered data from trustworthy sources like insurance company websites, consumer reviews, and industry reports. After compiling the data, I categorized it and assessed each insurer based on specific criteria. This process included comparing coverage options, premium rates, discounts offered, and customer feedback to identify the strengths and weaknesses of each provider.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Car Insurance In New Hampshire For Full Coverage
In New Hampshire, Hanover stands out for its affordable full coverage car insurance, with monthly rates starting at $60 on average.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Hanover |
$60 |
$718 |
|
$82 |
$982 |
|
|
Allstate |
$173 |
$2,074 |
|
GEICO |
$112 |
$1,342 |
|
Progressive |
$100 |
$1,198 |
In New Hampshire, full coverage auto insurance offers comprehensive protection by including the state’s required liability insurance and adding collision and comprehensive options. Collision coverage helps cover repair costs if your vehicle is damaged in an accident, even if you’re at fault. Comprehensive coverage pays for damages from non-accident incidents like theft or natural disasters. This level of insurance offers peace of mind and financial security. Be sure to review your policy, including its limits and deductibles, to confirm it provides the protection you need.
Cheapest Car Insurance In New Hampshire For Young Drivers
In New Hampshire, young adults typically receive lower car insurance rates compared to teenagers. This is because as they age, they tend to practice safer driving, resulting in fewer accidents and insurance claims. Insurance providers take these factors into account and offer reduced premiums to young adults based on their improved safety histories.
Cheapest New Hampshire Car Insurance For 16-Year-Olds
MMG Insurance provides the most cost-effective insurance for sixteen-year-olds, with an average monthly premium of $276.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $615 | $7,378 |
| Geico | $462 | $5,542 |
| The Hanover | $400 | $4,798 |
| Auto-Owners | $280 | $3,358 |
| MMG Insurance | $276 | $3,310 |
Cheapest New Hampshire Car Insurance For 17-Year-Olds
The average premium for seventeen-year-olds at MMG is competitively priced at $228.
| Provider | Average Monthly Cost | Average Annual Cost |
| The Hanover | $348 | $4,174 |
| Geico | $390 | $4,678 |
| USAA | $424 | $5,086 |
| MMG | $228 | $2,734 |
| Auto-Owners | $258 | $3,094 |
Cheapest New Hampshire Car Insurance For 18-Year-Olds
MMG rates for 18-year-olds are the most affordable, averaging $205 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
| The Hanover | $308 | $3,694 |
| MMG | $205 | $2,458 |
| USAA | $370 | $4,438 |
| Auto-Owners | $236 | $2,830 |
| GEICO | $330 | $3,958 |
Cheapest New Hampshire Car Insurance For 21-Year-Olds
At $170 per month, USAA provides the cheapest insurance rates for 21-year-olds.
| Provider | Average Monthly Cost | Average Annual Cost |
| Geico | $210 | $2,518 |
| USAA | $170 | $2,038 |
| Progressive | $230 | $2,758 |
| MMG | $175 | $2,098 |
| Auto-Owners | $188 | $2,254 |
Cheapest Car Insurance In New Hampshire For Drivers With Poor Credit
Vermont Mutual has the most affordable insurance options for drivers with poor credit in New Hampshire, starting at just $60 per month.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Vermont Mutual |
$60 |
$718 |
|
Allstate |
$124 |
$1,486 |
|
State Farm |
$175 |
$2,098 |
|
Progressive |
$104 |
$1,246 |
|
Nationwide |
$92 |
$1,102 |
Car insurance rates in New Hampshire are largely determined by risk factors, with credit scores playing a key role. Drivers with poor credit are often considered higher risk, meaning they may face higher premiums. Insurance companies frequently look at credit history when setting rates, as lower scores are associated with a greater likelihood of filing claims. Even so, drivers can compare quotes and take advantage of discounts to find the best possible insurance rates.
Cheapest Car Insurance In New Hampshire For Drivers With Prior Incidents
Drivers in New Hampshire who have been involved in accidents, received speeding tickets, or faced DUI charges often find it hard to access affordable car insurance. These incidents categorize them as high-risk to insurers, resulting in increased premiums to counteract the expected rise in claims. This situation is particularly evident in New Hampshire due to its higher frequency of traffic incidents. Insurers base their pricing strategies on statistical analyses that demonstrate a correlation between past driving incidents and an increased likelihood of future claims.
Cheapest Car Insurance In New Hampshire For Drivers With A Speeding Ticket
Drivers with speeding tickets can benefit from Hanover $62 average premiums, which are among the most affordable in the market.
| Provider | Average Monthly Cost | Average Annual Cost |
| Allstate | $190 | $2,278 |
| GEICO | $140 | $1,678 |
| Hanover | $62 | $742 |
| Progressive | $135 | $1,618 |
| State Farm | $88 | $1,054 |
Cheapest Car Insurance In New Hampshire For Drivers With An At-Fault Accident
Hanover $92 average premiums are the lowest, making it a top pick for drivers with at-fault accidents.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $208 | $2,494 |
| Concord | $118 | $1,414 |
| Progressive | $162 | $1,942 |
| Hanover | $92 | $1,102 |
| Allstate | $264 | $3,166 |
Cheapest Car Insurance In New Hampshire For Drivers After A DUI
Drivers with a DUI can benefit from Hanover low premiums, averaging just $90.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $242 | $2,902 |
| Concord | $142 | $1,702 |
| Allstate | $228 | $2,734 |
| Hanover | $90 | $1,078 |
| State Farm | $330 | $3,958 |
Cheapest Car Insurance In New Hampshire For Seniors
Hanover offers the lowest monthly rates in New Hampshire for seniors, with an average of $48.
| Provider | Average Monthly Cost | Average Annual Cost |
|
State Farm |
$64 |
$766 |
|
GEICO |
$70 |
$838 |
|
Hanover |
$48 |
$574 |
|
Nationwide |
$52 |
$622 |
|
Allstate |
$75 |
$898 |
Seniors are often eligible for cheaper car insurance rates, as they’re considered experienced drivers who usually drive fewer miles. Insurers see these factors as reducing the risk of accidents. To cater to senior drivers, some companies offer age-based discounts and rewards for completing defensive driving courses. These courses aim to enhance driving skills and safety, with insurance companies offering extra discounts to seniors who complete them.
Cheapest Car Insurance In New Hampshire For Good Drivers
Car insurance rates for safe drivers in New Hampshire may vary based on their driving history, age, and preferred coverage. Typically, drivers with clean records qualify for lower premiums due to their lower risk profile with insurers. They may also receive discounts for maintaining a good driving record over time. It’s recommended that safe drivers compare quotes from multiple insurers to find the best rates and coverage options tailored to their specific circumstances.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Hanover |
$20 |
$238 |
|
State Farm |
$30 |
$358 |
|
USAA |
$32 |
$382 |
|
Progressive |
$69 |
$826 |
|
GEICO |
$60 |
$718 |
Cheapest Car Insurance In New Hampshire For Minimum Coverage
Hanover is known for its affordable rates on minimal car insurance in New Hampshire, with an average monthly premium of $20.
| Provider | Average Monthly Cost | Average Annual Cost |
|
Hanover |
$20 |
$238 |
|
State Farm |
$30 |
$358 |
|
USAA |
$32 |
$382 |
|
Progressive |
$69 |
$826 |
|
GEICO |
$60 |
$718 |
To legally drive a vehicle in New Hampshire, drivers are required to have a minimum amount of car insurance coverage. This typically includes liability insurance, which consists of two main components: bodily injury liability and property damage liability. Bodily injury liability covers medical expenses, rehab, and legal fees if you’re responsible for an accident that injures another person.
Property damage liability, on the other hand, covers the cost of repairs or replacement for someone else’s property or vehicle if you are found at fault. These minimum coverage levels are set by state law, although they can vary depending on your vehicle type and driving record. It’s essential to review these regulations to ensure you have adequate coverage to meet legal requirements and protect your finances
Average Cost Of Auto Insurance In New Hampshire – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $492 | $5,902 |
| 17 | $402 | $4,822 |
| 18 | $340 | $4,078 |
| 19 | $257 | $3,082 |
| 21 | $198 | $2,374 |
| 25 | $142 | $1,702 |
| 30 | $122 | $1,462 |
| 35 | $119 | $1,426 |
| 40 | $117 | $1,402 |
| 45 | $116 | $1,390 |
| 50 | $111 | $1,330 |
| 55 | $109 | $1,306 |
| 65 | $113 | $1,354 |
| 75 | $136 | $1,63 |
Average Cost Of Car Insurance In New Hampshire – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1,151 |
| Male | Single | $1,248 |
| Female | Married | $1,050 |
| Male | Married | $1,140 |
Average Cost Of Auto Insurance In New Hampshire – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $100 | $1,198 |
| Good | $114 | $1,364 |
| Poor | $148 | $1,774 |
Cheapest Car Insurance In New Hampshire By City
| City | Average Monthly Cost | Average Annual Cost |
| Somersworth | $99 | $1,186 |
| Dover | $100 | $1,198 |
| Concord | $98 | $1,174 |
| Keene | $101 | $1,210 |
| Newport | $94 | $1,126 |
Minimum Car Insurance Requirement In New Hampshire
New Hampshire requires drivers to carry liability insurance for bodily injury and property damage, typically with limits of 25/50/25—$25,000 per person, $50,000 per accident, and $25,000 for property damage. In addition, Personal Injury Protection (PIP) coverage is mandatory and helps cover medical costs and lost wages, regardless of fault. Drivers who opt for the Health Insurance Primary (HIP) option can have their health insurance cover medical expenses instead of PIP, but it’s essential to verify if your health insurance plan qualifies for this option.
Car Insurance Discounts In New Hampshire
Shopping for car insurance? Don’t forget to look into discounts that may apply to your situation. A quick chat with your agent could reveal even more savings. Here are some common discounts:
- Safe Driver Discount: If you maintain a clean driving record, you may qualify for this discount.
- Multi-Vehicle Discount: Insuring multiple cars on one policy often leads to savings.
- Bundling Discount: You can save by combining car insurance with another policy, such as renters or homeowners insurance.
- Good Student Discount: Students who get good grades may be eligible for discounted rates.
- Defensive Driving Discount: Completing a defensive driving course can lead to lower premiums.
FAQs
How much is car insurance a month in New Hampshire?
Monthly car insurance fees in New Hampshire are subject to change based on age, driving record, and the insurance coverage chosen.
What is the minimum car insurance one must have in New Hampshire?
Car insurance in New Hampshire is required to include liability coverage for bodily injury and property damage, and drivers must also have Personal Injury Protection (PIP) coverage.
Which insurance is better in New Hampshire?
Opting for the right insurance in New Hampshire hinges on personal preferences, driving habits, and coverage requirements. It’s wise to compare quotes from multiple insurers to find the optimal fit.
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