Many or all of the products here come from our partners who pay us a commission. That’s how you make money. But our editorial integrity ensures that the opinions of our experts are not influenced by compensation. Conditions may apply to the offers listed on this page.
Buying auto insurance can be a bit confusing. There are types of coverage, driving records, deductibles and potential discounts to factor into your decision. There is good news, however, when it comes to buying car insurance in Granite State. Some of the most competitive rates are offered by the best car insurance companies.
- Least expensive for a typical driver: USAA
- Least expensive for a driver with a single speeding ticket: USAA
- The cheapest for the military: USAA
- The cheapest for a driver with an accident: state farm
- Cheapest for a driver looking for minimal coverage: USAA
Cheaper for a typical driver
is available through USAA, with an average annual rate of $917. Unfortunately, USAA is only available to military members and their families. If you don’t qualify for USAA coverage, here are two other New Hampshire auto insurance companies to consider:
- Concord General Mutual Insurance, with an average annual rate of $954
- Geico, with an average rate of $982
Cheaper for a driver with a single speeding ticket
Anyone who’s been pulled over for speeding knows how frustrating it can be. Imagine the added frustration when the driver realizes that the speeding ticket has just increased their insurance premiums. Some insurance companies would rather forget a single ticket than others, and USAA once again proves it’s among New Hampshire’s top auto insurers by offering an average annual rate of $1,042 to drivers with a only speeding ticket.
- State Farm, offering an average annual rate of $1,118
- Concord General Mutual Insurance, with an average rate of $1,140
Cheapest for military
USAA is again out of the park with an average annual rate of $871. Don’t worry if you don’t qualify for USAA insurance, though – other competing carriers include:
- Geico, offering an average annual rate of $914
- Progressive, with an average annual rate of $961
Cheaper for a driver with an accident
Talk about adding insult to injury. It’s bad enough to have a car accident, but afterwards there is usually an increase in the premium. This is because insurance companies are concerned that a driver involved in one accident is more likely to be involved in another. With an average annual rate of $1,285, State Farm offers drivers with an accident the most forgiving rate among New Hampshire auto insurance providers.
Other options include:
- Concord General Mutual Insurance, with an average annual rate of $1,308
- USAA, offering an annual rate of $1,348
Cheapest for a driver looking for minimal coverage
Once again, USAA beats its competitors’ rates by offering inexpensive liability insurance in New Hampshire at an average annual rate of $295. That’s less than $25 a month.
Other companies offering competitive rates for minimal coverage include:
- Geico, with an average annual rate of $362 (less than $31 per month)
- Commerce, with an average rate of $387 (less than $33 per month)
Average cost of car insurance in New Hampshire compared to the national average
The average cost of car insurance in New Hampshire is $2,469 per year, about 14% less than the national average. The cost of coverage depends on factors such as the driver’s age, driving history, credit rating, and location.
Average rate category
1 accident on the driving record
1 speeding ticket on driving record
Source: Quadrant Data
New Hampshire auto insurance laws
New Hampshire’s auto insurance laws differ from those of other states – it’s the only state that doesn’t require auto liability insurance. Drivers in New Hampshire are not required to carry auto insurance, but if an uninsured driver causes an accident, they must post a bond or an amount of money equal to the amount of damages.
Additionally, offending drivers must purchase SR-22 coverage for up to three years. An SR-22 form is proof that a driver has purchased at least minimal liability coverage. A driver can expect to spend an average of $300 to $800 for an SR-22. How much they will have to pay depends on factors such as age, marital status, where they live and personal driving history.
If the driver lets the SR-22 coverage expire, their license is put on administrative suspension.
New Hampshire Minimum Coverage Requirements
As mentioned, there are no minimum auto insurance requirements in New Hampshire. But driving without insurance can crush a person’s finances if they find themselves in a situation that insurance would have covered. It is always best to wear at least minimal coverage.
How to Get Cheap Car Insurance in New Hampshire
No one needs to overpay for car insurance. These steps can help a driver get cheap auto insurance in New Hampshire:
- Get quotes from multiple insurers
- Compare apples to apples (basic coverage with basic coverage, and full with full)
- Consider the discounts offered by each carrier
How much does car insurance cost in New Hampshire? The actual cost cannot be determined until all potential discounts are taken into account. And skipping discounts is like leaving money on the table. There is no reason to pay more than necessary. Discounts lower the cost of car insurance. Although the number of potential insurance discounts varies by insurance company, it pays to check them out. Here are some of the most common discounts offered:
- Discount based on usage
- Professional Discount
- Good student discount
- Discount on new cars
- Multi-policy discount
- Multi-car discount
- Graduate discount
- Discount on full payment
It surprises some people to learn that auto insurance quotes in New Hampshire are based in part on credit scores. A low credit rating generally results in higher premiums. This is because research has shown that drivers with poor credit tend to make more insurance claims. Fair or not, a person’s credit score helps determine how much they pay for insurance. One way to get affordable auto insurance in New Hampshire is to focus on paying bills on time and keeping debt levels low.
Other Things to Consider When Finding Car Insurance in New Hampshire
Driving without insurance is risky, even in a state that does not require coverage. If an uninsured driver causes an accident, they must pay for repairs, medical costs and other expenses. Given that minimal coverage can be obtained for less than $25 per month, it makes little sense to take the risk.
New Hampshire’s top auto insurance companies can provide drivers with everything they need to fairly compare rates and coverages. No one would buy a house without knowing how much comparable houses cost, or a car without understanding if they are getting a fair price. It’s a good idea to buy auto insurance only after checking to see if there’s a better policy available at a lower price.