The Best Cheap New Hampshire Car Insurance for 2024

Shopping for auto insurance can be somewhat confusing. There are coverage types, driving records, deductibles, and potential discounts to factor into your decision. There's good news when it comes to buying auto insurance in the Granite State, though. Some of the most competitive rates are offered by the best car insurance companies.

• Cheapest for a typical driver: USAA
• Cheapest for a driver with one speeding ticket: USAA
• Cheapest for members of the military: USAA
• Cheapest for a driver with one accident: State Farm
• Cheapest for a driver looking for minimum coverage: USAA

is available through USAA, with an average annual rate of $917. Unfortunately, USAA is only available to members of the military and their families. If you don’t qualify for USAA coverage, here are two other New Hampshire auto insurance carriers worth considering:

• Concord General Mutual Insurance, with an average annual rate of $954
• Geico, with an average rate of $982

Anyone who has been pulled over for speeding knows how frustrating it can be. Imagine the further frustration when the driver realizes the speeding ticket just caused their insurance premiums to go up. Some insurance carriers are better about overlooking a single ticket than others, and USAA proves once again that it's among the best car insurance in New Hampshire by offering an average annual rate of $1,042 to drivers with a single speeding ticket.

Following close behind are:

• State Farm, offering an average annual rate of $1,118
• Concord General Mutual Insurance, coming in with an average rate of $1,140

USAA hits it out of the park again with an average annual rate of $871. Don't worry if you don't qualify for USAA insurance, though -- other competitive carriers include:

• Geico, offering an average annual rate of $914
• Progressive, with an average annual rate of $961

Talk about adding insult to injury. It's bad enough to be in a car accident, but afterward, there's typically a premium hike. That's because insurance companies are worried that a driver who is 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 one accident the most forgiving rate among New Hampshire car insurance providers.

Other options include:

• Concord General Mutual Insurance, with an average annual rate of $1,308
• USAA, offering a yearly rate of $1,348

Once again, USAA beats competitors' rates by offering cheap liability car insurance in New Hampshire at an average annual rate of $295. That's less than $25 per month.

Other companies offering competitive rates for minimum coverage include:

• Geico, with an average annual rate of $362 (less than $31 per month)
• Commerce, coming in with an average rate of $387 (less than $33 per month)

The average cost of auto insurance in New Hampshire is $2,469 annually, approximately 14% lower than the national average. The cost of coverage depends on things like age, driving history, credit score, and where the driver lives.

New Hampshire car insurance laws differ from other states' -- it's the only state that does not require vehicle liability insurance. New Hampshire drivers are not required to carry auto insurance, but if an uninsured driver causes an accident, they must post a bond or cash equal to the amount of damage.

In addition, at-fault drivers must purchase SR-22 coverage for up to three years. An SR-22 form is proof that a driver has purchased at least minimum liability coverage. A driver can expect to spend an average of $300 to $800 for an SR-22. The amount they’ll be out-of-pocket depends on factors like age, marital status, where they live, and personal driving history.

If the driver allows SR-22 coverage to lapse, their license is put on administrative suspension.

As mentioned, there are no New Hampshire minimum car insurance requirements. But driving without insurance can crush a person's finances if they're ever in a situation insurance would have covered. The best bet is always to carry at least minimum coverage.

No one needs to overpay for auto insurance. These steps can help a driver land low-cost car insurance in New Hampshire:

• Get quotes from several insurance carriers
• Compare apples to apples (basic coverage with basic coverage, and comprehensive with comprehensive)
• Factor in discounts offered by each carrier

Hunting for discounts

How much is car insurance in New Hampshire? The true cost cannot be determined until all potential discounts are factored in. And skipping discounts is like leaving money on the table. There's no reason to pay more than necessary. Discounts drive down the cost of auto insurance. While 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:

• Usage-based discount
• Occupational discount
• Good student discount
• New car discount
• Multi-policy discount
• Multi-car discount
• Alumni discount
• Pay-in-full discount

It surprises some people to learn that car insurance quotes in New Hampshire are based in part on credit scores. A low credit score typically leads to higher premiums. That’s 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 land affordable car insurance in New Hampshire is to focus on paying bills on time and keeping debt levels low.

Driving without insurance is risky, even in a state that does not require coverage. If an uninsured driver causes an accident, they bear the burden of paying for repairs, medical costs, and other expenses. Given that minimum coverage can be had for less than $25 a month, it makes little sense to take the risk.

The best car insurance companies in New Hampshire can provide drivers with everything they need to fairly compare rates and coverages. No one would buy a home without knowing how much comparable homes cost, or a car without understanding if they're getting a fair price. It's smart to purchase auto insurance only after checking to see if there's a better policy available at a lower price.