Car insurance is a necessary expense for drivers in most states across the country. However, New Hampshire stands out as the only state that doesn’t require drivers to maintain an auto insurance policy. While this may seem like a cost-saving opportunity, having car insurance, even if it’s cheap, can provide essential financial protection in the event of an accident or loss.
In New Hampshire, the cheapest car insurance companies include USAA, MMG Insurance, Auto-Owners Insurance, Geico, and Safety Insurance. Good drivers in the state typically pay around $1,766 per year for full coverage, which is cheaper than the national average of $2,681. Minimum insurance in New Hampshire costs about $594 annually, also lower than the national average of $869.
USAA is often the top choice for affordable rates in New Hampshire, offering average full-coverage rates of $1,132 per year and minimum-coverage rates of $297 per year. However, USAA is only available to military members, veterans, and their immediate family members.
When looking for cheap car insurance in New Hampshire, it’s essential to consider various factors that can influence your rates. Factors such as location, age, driving record, credit history, gender, marital status, vehicle, and deductible can all impact how much you pay for car insurance. Additionally, taking advantage of discounts offered by insurance companies, such as multi-policy, multi-vehicle, military, senior, and good student discounts, can help lower your premiums.
For young drivers in New Hampshire, rates tend to be higher due to their lack of experience and higher risk of accidents. However, companies like MMG Insurance offer competitive rates for drivers as young as 16 years old. Seniors may also pay slightly higher rates due to their age group’s increased likelihood of accidents.
Drivers with speeding tickets, at-fault accidents, DUI convictions, or poor credit may face higher insurance rates. However, companies like USAA, Progressive, and Auto-Owners Insurance offer competitive rates for high-risk drivers in New Hampshire.
While car insurance premiums have been on the rise in New Hampshire, there are ways to find cheaper rates. Shopping around, raising your deductible, looking for discounts, improving your credit score, taking a driving course, and dropping unnecessary coverage are all strategies to lower your car insurance costs.
In conclusion, while New Hampshire may not require drivers to have car insurance, it’s still a wise investment to protect yourself financially in case of an accident. By comparing quotes, taking advantage of discounts, and being mindful of factors that influence your rates, you can find affordable car insurance coverage in the Granite State.