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The average New Hampshire driver will pay $ 847 per year for
car insurance
, according to Insurance Information Institute. Compared to the national average of $ 935 per year, auto insurance in New Hampshire is affordable.
Auto insurance companies take your location, age, gender, and driving record into account when calculating premium rates. Other factors like credit score, marital status, type of vehicle, previous coverage, and miles driven can all play a role in how much you’ll pay for coverage.
There are opportunities to save money by shopping and comparing coverage beyond the premium or the amount you will pay for the coverage.
Minimum Automobile Liability Insurance Requirements in New Hampshire
Liability coverage is required by law, except in New Hampshire. If you are involved in an accident in New Hampshire, you are financially liable for damage, unless you have liability insurance that covers damage you cause to the other vehicle, the driver, and its passengers.
However, if you finance or lease your car, your lender likely requires full coverage and collision coverage.
The two main components of liability insurance are personal injury and property damage, which are required by most states. Liability insurance also includes coverage for uninsured motorists and underinsured motorists, to protect you when a faulty driver hits you and they have no coverage, or not enough coverage.
Although liability insurance is not required in New Hampshire, it is recommended that you have a minimum liability of 25/50/25, which means up to $ 25,000 of personal injury protection for each person. involved in an accident, up to $ 50,000 in injuries per incident, and up to $ 25,000 in property damage per incident.
Best Cheap Auto Insurance In New Hampshire Based On Credit Score
Consumer reports has compiled a list of all auto insurance pricing formulas from all companies in each state. He used an average single adult driver to find the best price in each state and found that three companies ranked top for three different credit levels. Here are the top three companies and their average coverage prices:
*USAA is only available to service members, veterans and their families
Average Premiums for Senior and Teen Drivers in New Hampshire
The table below shows the average amount senior and teenage drivers can expect to pay in New Hampshire. Because teenage drivers are new drivers with little driving history and more accident prone, their rates are high. Most insurance companies offer discounts to teenage drivers for good grades or for taking road safety courses.
Older drivers typically see an increase in auto insurance premiums as they get older, but not as much as new or teenage drivers. If you’re still driving in your sixties or sixties, there are ways to negotiate cheaper auto insurance rates, such as using pay-per-kilometer.
Data provided by Hen head insurance
New Hampshire Auto Insurance Rates By City
Where you live affects your premium. Those in urban areas pay more than those in rural areas. Below is the estimated average annual premium of
car insurance
policies per household in New Hampshire’s most populous cities:
S&P Global Market Intelligence data
Best Auto Insurance In New Hampshire Based On Customer Satisfaction
Customer satisfaction with auto insurance providers may be a factor in your decision. Customer satisfaction is defined by five factors: the billing process and policy information, complaints, interaction, policy offerings, and price. According to a 2021 survey conducted by JD Power, a consumer research company that surveys customers, here are the top auto insurance companies in the New England area (which includes New Hampshire):
Most Popular Auto Insurance Companies in New Hampshire by Market Share
Here are the most popular auto insurance companies in New Hampshire, based on the percentage of New Hampshire insured drivers who use them:
* USAA is restricted to serving military personnel, veterans and their families.
S&P Global Market Intelligence data
Who Gets the Best Auto Insurance in New Hampshire?
The drivers who get the best auto insurance rates will be the ones with the best credit. There are several other factors that can affect how an insurance company will price your premium, including your age, gender, type of car you drive, and where you live in New Hampshire.
Another way to save money is to shop around – each insurance company rates their policies differently, and no two policies are the same. Prices vary widely depending on whether you get Third Party Liability, Full Liability, or Collision Liability coverage.
Consider the amount of coverage and the types of coverage listed on your quote. Remember, you are looking for the best coverage for your money. Remember to look at the deductible, or how much you will pay out of pocket if you have an accident.
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