Who Has the Cheapest Car Insurance Quotes in New Hampshire? (2022)

Who Has the Cheapest Car Insurance Quotes in New Hampshire? (2022)

State Farm offers the best quotes for minimum coverage to New Hampshire drivers. The state average is $598 annually, but State Farm charges just $332 per year.

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The average cost of car insurance in New Hampshire is $598 per year, or $50 per month, for a minimum liability policy. Full coverage rates average $1,455 per year, or $121 a month. That's 26% cheaper than the average cost of car insurance across all states, at $1,956 per year.

Cheapest auto insurance in New Hampshire: State Farm

State Farm is the cheapest car insurance company for minimum liability quotes. With an average annual premium of $332, State Farm's minimum liability coverage is 45% cheaper than the New Hampshire state average.

Cheapest car insurance companies in New Hampshire

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However, veterans and military families may qualify for even cheaper coverage from USAA. Annual rates from USAA average $276 per year — $56 cheaper than State Farm’s rate and 44% cheaper than the state average.

Company
Annual rate
Monthly rate
State Farm$332$28
Geico$335$28
Concord$446$37
Progressive$604$50
Allstate$661$55
Hanover$1,531$128
USAA*$276$23

*USAA is only available to current and former military members and their families.

Minimum liability policies have the lowest legal coverage limits the state allows, making them the cheapest form of insurance.

The average difference in cost between full and minimum coverage in New Hampshire is $857 per year. While minimum coverage costs much less than full coverage, it risks insufficient protection in the event of an accident. If the cost of damage or injuries you cause in a crash exceeds the liability limits on your policy, you'll be responsible for those additional costs, as well as any damage to your own vehicle and medical bills.

Minimum state-required coverage might be affordable, but it could leave you on the hook for repairs after a costly accident.

Cheapest quotes for full coverage: State Farm

State Farm offers New Hampshire drivers an average annual rate that is far cheaper than the state average, charging $758 annually. We found that full coverage auto insurance quotes in New Hampshire averages $1,455 per year, or $121 per month.

If you are eligible for a USAA policy, we highly recommend taking a look. At just $699 a year, or $58 a month, USAA's full coverage premium is even cheaper than State Farm's. However, USAA is only available to people who are affiliated with the U.S. military and their families.

Company
Annual rate
Monthly rate
State Farm$758$63
Geico$806$67
Concord$911$76
Progressive$1,205$100
Allstate$1,840$153
Hanover$3,967$331
USAA*$699$58

*USAA is only available to current and former military members and their families.

Full coverage car insurance policies include comprehensive and collision insurance, while minimum coverage does not. Collision and comprehensive insurance protect against damage to your vehicle as a result of a collision, theft, vandalism or natural disaster — regardless of who's at fault. Full coverage is required if you have a car lease or haven't paid off your car loan.

Cheap car insurance for drivers with prior incidents

Incidents on your driving record — whether it’s an at-fault accident, a DUI citation or a speeding ticket — make you a riskier driver to insure and generally cause insurance companies to raise your rates.

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Cheapest car insurance for people with a speeding ticket: State Farm

State Farm customers with one speeding ticket on their record won't see an increase on their insurance quotes, with the same price of $758 per year for full coverage. Compared to the average cost for people with a speeding ticket, State Farm's rate is over $1,000 cheaper, and the most affordable we found.

Speeding tickets generally don't increase your rates as much as accidents do, but you'll likely still find yourself paying more if you're caught driving above the speed limit on New Hampshire roads. Our research found that New Hampshire drivers with a speeding ticket on their record pay 22% more on average than drivers with a clean record.

Company
Annual rate
Monthly rate
State Farm$758$63
Geico$806$67
Concord$1,068$89
Progressive$1,606$134
Allstate$2,134$178
Hanover$5,264$439
USAA*$805$67

*USAA is only available to current and former military members and their families.

Cheapest quotes for drivers after an accident: State Farm

Drivers in New Hampshire with a prior accident in their driving history can find the cheapest full coverage auto quotes at State Farm, where the average price after a crash is $928 per year. By contrast, the average cost of a full coverage auto insurance policy for a New Hampshire driver with a recent at-fault accident is $2,197 annually.

Company
Annual rate
Monthly rate
State Farm$928$77
Geico$1,090$91
Concord$1,335$111
Progressive$1,912$159
Allstate$2,720$227
Hanover$6,414$535
USAA*$982$82

*USAA is only available to current and former military members and their families.

An at-fault accident in New Hampshire could increase your quotes by an average of 51%. The good news is that the increase is only temporary: Incidents like at-fault accidents usually disappear from your record after three years.

To make sure you're getting the best rates, however, we recommend shopping around after an accident. The rate from Hanover, the most expensive insurer, is $5,486 higher than the rate from State Farm. The huge range highlights why it's critical to compare quotes after your driving record changes if you want to maximize your savings.

Cheapest car insurance for a DUI: Progressive

Progressive offers the lowest rates we found for New Hampshire drivers after a DUI. At just $1,404 annually, the company's premium is 41% more affordable than average for most drivers.

In New Hampshire, DUIs raise average annual premiums for full coverage by 64%.

Company
Annual rate
Monthly rate
Progressive$1,404$117
Geico$1,480$123
Concord$1,606$134
State Farm$2,064$172
Allstate$2,348$196
Hanover$6,684$557
USAA*$1,147$96

*USAA is only available to current and former military members and their families.

Cheapest car insurance for drivers with poor credit: Geico

If you have a low credit score, Geico may offer you the most affordable quotes in New Hampshire: With an average price of $1,106 per year for full coverage, its premium is 62% cheaper than the state average.

We found that New Hampshire drivers with poor credit pay, on average, 102% more than drivers with average credit. This is because insurers have found a correlation between poor credit and increased likelihood of filing a claim, and they raise rates to account for that risk.

Company
Annual rate
Monthly rate
Geico$1,106$92
Concord$1,262$105
State Farm$1,519$127
Progressive$1,824$152
Allstate$2,468$206
Hanover$11,258$938
USAA*$1,171$98

*USAA is only available to current and former military members and their families.

Cheapest car insurance quotes for married drivers: Geico

Geico offers married drivers the best deal in New Hampshire: Its average annual premium is just $746 for full coverage, $621 cheaper than the statewide average.

If you're a married driver in New Hampshire, auto insurers see you as a lower risk and may offer slightly cheaper quotes. Our analysis found that married drivers pay $88 less on average than single drivers.

Company
Annual rate
Monthly rate
Geico$746$62
State Farm$758$63
Concord$776$65
Progressive$1,004$84
Allstate$1,818$151
Hanover$3,833$319
USAA*$635$53

*USAA is only available to current and former military members and their families.

Cheapest car insurance for young drivers: Geico

If you're a young driver looking for affordable rates in New Hampshire, consider taking out a policy with Geico. The average annual premium from Geico is $900 — 54% cheaper than the state average.

Our analysis found that the average rate for young New Hampshire drivers is more than three times as expensive as for adult drivers.

Young drivers statistically get in more accidents, which means those drivers cost insurers far more to cover. New Hampshire drivers who are 18 years old pay $1,954 a year on average for liability-only coverage — that's $1,356 more than older drivers.

Company
Liability only
Full coverage
Geico$900$2,106
Concord$939$1,799
State Farm$1,177$2,648
Allstate$1,230$3,062
Progressive$2,781$5,998
Hanover$5,670$14,563
USAA*$984$2,474

*USAA is only available to current and former military members and their families.

Cheapest for young drivers with one accident: Geico

Geico offers the most affordable insurance for young people who have caused an accident. At $1,209 annually and $101 monthly, the company's rates for minimum coverage are 72% cheaper than average.

Insurers already charge young drivers high premiums, but those with an at-fault accident on their record are charged even more. We found young New Hampshire drivers pay an average annual premium of $2,696 each year after a crash — 38% more than young drivers with a clean record.

Company
Annual rate
Monthly rate
Geico$1,209$101
State Farm$1,267$106
Concord$1,402$117
Allstate$1,892$158
Progressive$3,178$265
Hanover$8,564$714
USAA*$1,357$113

*USAA is only available to current and former military members and their families.

Cheapest for young drivers with one speeding ticket: Geico

Geico is the cheapest option for 18-year-old drivers with a speeding ticket. With an average rate of $900 for minimum coverage, Geico charges the same price for a teen with a clean record — and 54% less than the average across all insurers.

If you're a young New Hampshire driver caught speeding, you can expect your car insurance rates to jump by 17% on average.

Company
Annual rate
Monthly rate
Geico$900$75
Concord$1,103$92
State Farm$1,177$98
Allstate$1,401$117
Progressive$2,960$247
Hanover$7,362$613
USAA*$1,146$95

*USAA is only available to current and former military members and their families.

Best auto insurance companies in New Hampshire

State Farm and USAA are the best insurers in New Hampshire, based on our editors' reviews, as well as J.D. Power's Auto Insurance Claims Satisfaction Survey.

However, USAA is only open to people affiliated with the military and their families, so State Farm is our top recommendation for most people. State Farm has generally affordable rates, well-rated customer service and a wide range of different coverage options available. Plus, as the largest U.S. insurer, it offers all different types of insurance as well.

Company
Editor's rating
J.D. Power
AM Best
State Farm
855A++
Geico
841A++
Progressive
840A+
Allstate
810A+
USAA*
887A++
ConcordNRNRA+
HanoverNRNRA

*USAA is only available to current and former military members and their families.

All the companies we looked at had a financial strength rating from AM Best of A or better, meaning AM Best believes they have an "Excellent" or "Superior" ability to pay out claims.

Average car insurance cost in New Hampshire by city

Depending on the city you live in, full coverage car insurance rates in New Hampshire can vary by as much as $456 per year. Insurers generally charge policyholders who live in larger cities higher rates, as accidents and auto theft are more common in urban areas.

Manchester is the most expensive New Hampshire city for car insurance, at $1,751 per year. Meanwhile, West Swanzey is the cheapest at $1,295 per year.

City
Average annual cost
Percentage difference from average
Alton Bay$1,4590%
Antrim$1,446-1%
Ashland$1,397-4%
Ashuelot$1,325-9%
Barnstead$1,4510%
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Minimum requirements for auto insurance coverage in New Hampshire

In New Hampshire, auto insurance is not a requirement, unlike in nearly every other state. If you opt out of car insurance, you'll have to prove your financial responsibility instead, which shows the state DMV you can pay for damage if you cause an accident. But most drivers in New Hampshire do opt for auto insurance, and the state has a relatively low rate of uninsured drivers.

We recommend carrying car insurance to protect yourself and your assets. If you are deemed at fault for an accident, you will be held liable for damage you cause to others.

Drivers who do buy auto insurance must meet the minimum coverage requirements:

  • Bodily injury liability coverage: $25,000 per person and $50,000 per accident
  • Property damage liability coverage: $25,000 per accident
  • Uninsured/underinsured bodily injury liability coverage: $25,000 per person and $50,000 per accident
  • Medical payments coverage: $1,000 per accident

Although your car insurance policy may meet New Hampshire's minimum coverage requirements, we recommend all drivers consider higher coverage limits and full coverage policies. Otherwise you risk having to pay out of pocket after an expensive car crash.

Recap of the cheapest car insurance in New Hampshire

  • Minimum coverage: State Farm
  • Full coverage: State Farm
  • After a speeding ticket: State Farm
  • After an at-fault accident: State Farm
  • After a DUI: Progressive
  • Poor credit history: Geico
  • Married drivers: Geico
  • Young drivers: Geico
  • Young drivers after a ticket: Geico
  • Young drivers after an accident: Geico

Frequently asked questions

Do you need car insurance in New Hampshire?

Car insurance is not required in New Hampshire. However, drivers who choose not to purchase a policy need to provide proof of financial responsibility by depositing $75,000 in cash or securities with the state treasurer. Most drivers prefer to purchase an insurance policy, which is easier, does not require access to $75,000 and also provides protection if you're involved in an accident.

Who has the cheapest car insurance in New Hampshire?

State Farm has the cheapest insurance rates in New Hampshire. A minimum-coverage policy costs $332 per year (45% below average), and a full-coverage policy costs $758 per year (48% below average).

How much is car insurance in Berlin, New Hampshire?

On average, drivers in Berlin pay $1,528 per year for a full-coverage policy, which is 5% more expensive than the state average. In comparison, those living in Manchester pay the most expensive rate in that state — $1,751 per year.

Methodology

We collected thousands of rates from ZIP codes across New Hampshire for the largest insurers in the state. We used a sample driver with the following profile:

  • 30-year-old man
  • Drives a 2015 Honda Civic EX
  • Average credit

The base policy for the study was a full coverage policy with the following limits:

Coverage type
Study limits
Bodily injury liability$50,000 per person/$100,000 per accident
Medical payments$10,000
Property damage liability$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

For our minimum coverage policy, we received quotes for a policy with the minimum required limits in New Hampshire. We also used minimum coverage for 18-year-old drivers.

For other rates analyses (credit score, prior incidents and marital status) the base policy listed above was altered to reflect the new driver.

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.