Insurance

Best Ways To Get Affordable Car Insurance In New Hampshire

Auto insurance in the Granite State, as New Hampshire is popularly called, is relatively cheap with an average well below the national average. 

Drivers in New Hampshire have a lot of freedom when it comes to insuring their vehicles but this doesn’t mean that they are not responsible for the accidents they cause. So purchasing car insurance is important. 

Several factors affect the rate you pay for auto insurance in New Hampshire. Auto insurance companies consider a number of factors. 

They include age, marital status, location, driving history, make and type of vehicle, and credit score. 

Premiums for a particular type of coverage vary from company to company. Each auto insurance company has its own unique rating system. This means that while one company’s rate might be higher, another could be lower.

Searching for the best policies that would suit your needs can be a tasking job. However, we are here to take you through that journey and help you find the most affordable auto insurance for you.

Read also:

Tips To Help You Lower Your Premiums For Auto Insurance In New Hampshire

Go shopping

One way to save is to shop. Explore your options. Shopping for quotes from multiple insurance companies and comparing them to find the one with the cheapest premiums for your desired coverage type can save you a whole lot of money. 

If you are looking for ways to cut costs, you should consider this.

Take advantage of discounts

Most insurers offer discounts to their customers. For instance, parents who add a teen to their policy typically pay higher rates but, insurers offer good student discounts to such parents as long as their teen maintains at least a B average while he is in school. 

There are also discounts given to customers who buy other policies with their insurers. It is advised that you speak with your insurance agent so that you can find out the discounts you qualify for.

Increase your deductibles 

A deductible is the amount of money a policyholder pays out-of-pocket when he is involved in an accident before his auto insurer steps in.

Typically, increasing your deductibles lowers your premium cost. Be sure to set aside some money for deductibles at events where you have a claim.

Maintain a good credit score

Auto insurance companies charge drivers with good credit scores less than drivers with bad credit. Research shows that drivers with poor credit tend to make more claims and drivers who manage their credit effectively make lesser claims.

Minimum Liability Coverage In New Hampshire

Unlike many states in the US, New Hampshire law does not require drivers to buy car insurance. But that doesn’t mean you will not be held responsible for the accidents you cause. 

You must be able to show that you have sufficient funds to meet New Hampshire Motor Vehicle Financial Responsibility Requirements.

If you do not show this financial responsibility (being able to pay for the damages and injuries you cause), then your license can be suspended.

One proof to show this financial responsibility is through the liability of car insurance. The liability car insurance pays for the property damage and bodily injuries you cause to others in an accident. It also pays for your legal defense when you’re sued.

The minimum liability coverage you can buy when you purchase liability insurance in New Hampshire includes:

  • $25,000 for bodily injury
  • $50,000 for bodily injury to multiple people in one accident
  • $25,000 for damage to property in one accident

This is usually written as 25/50/25.

Although it is the minimum coverage required by the State, experts advise drivers to purchase higher liability coverage to protect their finances when involved in a serious accident. If their minimum limits are not able to pay for all the expenses incurred, they can be sued for the rest.

Some other components of the liability auto insurance are:

Underinsured and Uninsured Motorist Coverage

This type of coverage protects you when a driver with little or no insurance coverage hits you. 

It pays for your medical expenses. Auto insurance companies offer you both the underinsured and uninsured motorist coverage but you can reject them in writing.

Comprehensive and Collision Coverage

This type of coverage protects you from a wide range of problems including damages to your car, vandalism, riots, car theft, etc.

Cheap Car Insurance For Good Drivers in New Hampshire

Auto insurance companies offer good drivers the best rates. Having a clean driving record in New Hampshire automatically qualifies you to pay less. As a good driver, you can still shop around to obtain the best quotes.

USAA and Concord are the cheapest companies for good drivers in New Hampshire. It is important to note that USAA is strictly for veterans, military members, and their family members.

Cheapest companiesAverage annual rates
USAA$776
Concord$818
Geico$853
State Farm$908
State Average$1,066

Cheap Car Insurance For Drivers With A Speeding Ticket In New Hampshire

There is a 22% increase for drivers with a speeding ticket on their record. A speeding ticket signals to insurance providers that you do not take necessary precautions while driving and it puts you at a higher risk of causing an accident.

However, not all companies hike that much. Below are some companies that offer the lowest rates for drivers with speeding tickets:

Cheapest companiesAverage annual rates
USAA$895
State Farm$908
Concord$938
Geico$1,126
State Average$1,303

Cheap Car Insurance For Drivers Who Caused An Accident With Injury In New Hampshire

A driver in New Hampshire with a recent at-fault accident with injury to someone else pays an extra $500 a year for insurance than good drivers. 

Shopping around can get you cheaper rates since not all companies hike as much.

State Farm and Concord offer great rates for drivers who caused an accident with injury.

Cheapest companiesAverage annual rates
USAA$1,091
State Farm$1,133
Concord$1,181
MMG Insurance$1,361
State Average$1,622

Cheap Car Insurance For Drivers With A DUI In New Hampshire

A DUI conviction in New Hampshire is a criminal offense that can make you lose your driving license, serve a jail term and even pay fines.

The average rates for drivers with a DUI are double the rates for good drivers. However, not all insurers raise their premiums that high.

Progressive hike their premiums by only 15% in New Hampshire. USAA is another good option but it is exclusive to the military, veterans, and their family members.

Cheapest companiesAverage annual rates
Progressive$1,249
USAA$1,268
Concord$1,426
State Farm$1,523
State Average$2,209

Cheap Car Insurance For Drivers With Poor Credit In New Hampshire

Auto insurance companies usually charge higher rates to drivers with poor credit. Insurers believe that drivers with poor credit are likely to make more claims.

Check out Concord and Geico if you are a driver with poor credit in New Hampshire. They offer the cheapest rates.

Cheapest companiesAverage annual rates
Concord$1,179
Geico$1,279
USAA$1,357
Nationwide$1,423
State Average$1,941

Cheap Car Insurance For Adding A Teen Driver In New Hampshire

Parents who add a teen driver to their policy pay really high rates. This is largely due to the lack of experience the teen has behind the wheel and that puts him at a higher risk of being involved in an accident. 

Parents with teen drivers in New Hampshire should consider Auto-Owners, MMG Insurance, and Geico. They offer the best rates in New Hampshire.

Cheapest companiesParents onlyParents plus teen driverAverage % increase for adding a teen
Auto-Owners$706$1,00743%
MMG Insurance$955$2,210132%
Geico$982$2,596164%
Safety Insurance$1,427$2,65586%
State Average$1,300$3,095139%

Cheap New Hampshire Car Insurance For Young Drivers Ages 18 to 25

Young drivers typically pay high auto insurance. Concord, Geico, and USAA offer cheaper rates for young drivers between the ages of 18 and 25 in New Hampshire.

Cheapest companiesAverage annual rates
Concord$1,284
Geico$1,418
USAA$1,428
MMG Insurance$1,462
State Average$2,004

Cheap New Hampshire Car Insurance For Senior Drivers Age 65+

Senior drivers in New Hampshire pay a little more than good drivers. Concord, Geico, and State Farm are good options for seniors in New Hampshire looking to cut costs on their car insurance premiums.

Cheapest companiesAverage annual rates
Concord$902
Geico$959
State Farm$967
USAA$1,014
State Average$1,553

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