INSURANCE - CAR INSURANCE

Average Cost of Car Insurance in New Hampshire for 2024

Updated Feb. 3, 2024
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Concord Group is generally the cheapest car insurance in New Hampshire for full coverage policies.

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While car insurance is mandatory for drivers in most states, New Hampshire doesn’t require auto coverage. As a result, car insurance premiums in the Granite State are significantly lower than the national average.

The average cost of car insurance in New Hampshire is $1,194 per year for full coverage policies — compared to a national average of $1,582. But how much you’ll actually pay to insure your vehicle may vary based on your location, credit, and age.

In this article

Key takeaways

  • Car insurance is not required in New Hampshire.
  • On average, drivers pay $1,194 per year for full coverage policies.
  • Liability-only policies average just $490 per year.

How much does car insurance cost in New Hampshire?

Car insurance in New Hampshire tends to be less expensive than it is in other states. The average cost of full coverage policies that include liability, collision, and comprehensive insurance is just $1,194 per year, compared to a national average of $1,582. Liability-only policies average just $490 per year.

Avg. cost for full coverage Avg. cost for minimum coverage Cheapest insurance provider
$1,194/year $490/year Concord Group
Avg. for young drivers Avg. cost for seniors Avg. for high-risk drivers
$3,358/year $1,215/year $1,543/year

Average cost of car insurance in New Hampshire by provider

You have several insurance providers to choose from in New Hampshire, including smaller companies like Concord Group. We found that Concord Group offers the lowest average premiums for full coverage policies, and USAA offers the lowest rates for liability-only policies.

Provider Full coverage Minimum liability coverage
Concord Group
$595/year $337/year
Nationwide $885/year $473/year
Allstate $1,426/year $627/year
Progressive $1,176/year $706/year
GEICO $841/year $341/year
State Farm $799/year $323/year
USAA $630/year $214/year

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How does credit score affect car insurance rates in New Hampshire?

New Hampshire allows insurers to take drivers’ credit histories into consideration when underwriting policies. Those with poor credit tend to pay much more than those with good to excellent credit.

The average premium for drivers with credit scores between 550 and 649 is $2,764.

Credit health Avg. annual premium
Poor (550-649) $2,764/year
Average (650-699) $1,434/year
Good (700-749) $1,138/year
Excellent (750+) $959/year

Average car insurance rates for high-risk drivers in New Hampshire

As with other states, reckless driving is a problem in New Hampshire. With certain convictions, the state may require you to have insurance and submit proof of coverage. If that occurs, you’ll have to get a form for SR-22, and car insurance premiums will increase.

A driving under the influence (DUI) conviction will increase your premiums by about $1,113 per year, while an at-fault accident will increase your premiums by about $914 per year.

Violation Avg. annual premium before violation* Avg. annual premium after violation Avg. cost increase
At-fault accident $1,194/year $2,108/year $914
DUI $1,194/year $2,307/year $1,113
Speeding ticket $1,194/year $1,755/year $561

*Assumes clean driving record with good credit

How does age affect car insurance rates in New Hampshire?

Regardless of what state you live in, you’ll find that insurers typically charge much higher rates for teens and young adults than other age groups, and New Hampshire is no exception. The average premium for 18-year-old drivers is $3,695 per year. 

By contrast, drivers in their 60s pay less than the state average, with an average premium of just $1,053 per year.

Age Avg. annual premium
18 $3,695/year
25 $1,386/year
30 $1,154/year
40 $1,167/year
60 $1,053/year

New Hampshire car insurance rates by city

Your premiums may be higher based on your location; drivers in cities with high rates of property crime or accidents pay much higher premiums than drivers that live in safer areas.

In New Hampshire, Manchester has the highest average premiums for full coverage at $1,492, compared to a state average of $1,194. According to NeighborhoodScout, residents of Manchester are much more likely to be the victims of property crime than residents in the rest of the state, so it makes sense that their premiums are higher.

City Avg. annual full-coverage premium
Manchester $1,492/year
Nashua $1,470/year
Dover$1,436/year
Rochester $1,414/year
Portsmouth $1,336/year
Concord $1,274/year

NH's minimum car insurance requirements

New Hampshire is unique in that it doesn’t require drivers to have car insurance. Instead, drivers must provide proof of sufficient funds if they’re in an accident. However, the state does encourage drivers to purchase insurance. If you do buy a policy, it must meet the following minimums:

  • $25,000 in bodily injury insurance for one person
  • $50,000 in bodily injury insurance for two or more people
  • $25,000 in property damage insurance
  • $1,000 of medical payments insurance for vehicles used for personal use
  • Uninsured motorist protection that meets the $25,000/$50,000/$25,000 liability requirements.

How to save money on car insurance in New Hampshire

To save money on your insurance premiums in New Hampshire, use these tips:

  • Ask about discount programs: Call or email your agent and ask about any discount programs that may be available. Depending on the insurer, you could qualify for a rate reduction if you bundle multiple insurance policies, install an antitheft device, maintain good grades in college, or sign up for paperless billing.
  • Adjust your coverage: Car insurance isn’t required in New Hampshire, so you can choose coverage solely based on your needs and finances. If you have an older, paid off vehicle, it may make sense to drop collision and comprehensive coverage to save money. Or you may want to raise your deductible so you have a lower premium.
  • Enroll in usage-based insurance: Usage-based insurance, also known as pay-per-mile coverage, is different from traditional auto coverage. It bases your premiums on your actual driving habits and typical mileage, so safe drivers can save a substantial amount of money. In New Hampshire, usage-based insurance policies are available from several companies, including Progressive and Nationwide.
  • Compare quotes: Rates can vary by insurer, so request quotes from the best car insurance companies to find the best deal.

Methodology

Our analysis was conducted using six different auto insurance marketplaces to determine the average cost of auto insurance in each state. The data we analyzed included coverage premiums from up to 10 different insurance providers. We looked at rates by city, driver profile, and credit score, as well as factored in the impact of driving violations. This data is for comparative purposes only. Your actual quote may be different.

FAQs about car insurance costs in NH

Is car insurance expensive in NH?

Car insurance is less expensive in New Hampshire than in other states. On average, drivers in the Granite State pay $1,194 for full coverage policies — compared to a national average of $1,582. 

How much is car insurance per year in NH?

The average cost of car insurance in New Hampshire is $1,194 per year for full coverage policies. For liability-only coverage, the average premium is $490 per year. 

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Author Details

Kat Tretina Kat Tretina is a personal finance expert focusing on practical financial matters, including student loans, debt repayment, side hustles, insurance, and healthcare. Drawing from her personal experience, she aims to simplify complex financial topics and provide individuals with the information they need to make informed decisions.