What's the best car insurance for young drivers in New Hampshire?

Car insurance for a new driver in New Hampshire costs an average of $831 per year to $2,412 per year. Auto insurance premiums for new drivers in New Hampshire vary widely depending on a driver’s age and whether they are being added to an existing policy or purchasing their own. For example, the premium increase from adding a teenager to a parent’s policy is significantly less than the cost of a teenager getting their own policy.… read full answer

Average Cost of Car Insurance for New Drivers in New Hampshire

Note: Premiums are representative of a 16-year-old good driver with a minimum coverage policy; individual premiums will vary.

New drivers aren’t only teens and those in their early 20’s. A new driver could be an adult who got their license later in life, a recent immigrant, or anyone who has a long gap in their driving or insurance history. For these types of new drivers in New Hampshire, insurance rates will still likely be higher than the average of $42 per month for an experienced adult.

A new driver’s lack of experience can classify them as high risk. Once new drivers get a bit more practice and have a proven track record of safe driving, however, they’ll begin to see their rates decrease. To learn more about minimizing the cost of car insurance in New Hampshire, check out WalletHub’s picks for the cheapest New Hampshire car insurance companies.

You can get car insurance discounts in New Hampshire based on how you drive, the car you own, and your relationship with your insurance company. In New Hampshire, car insurance companies are allowed to consider factors like employment, residential, and marital status when setting premiums. That means there are also discounts available for being married, owning a home, or being affiliated with certain employers or educational institutions.… read full answer

Almost anyone can get a discount on car insurance in New Hampshire because most insurance companies make it easy to qualify for a variety of savings. New Hampshire insurers typically offer discounts that fall into one of three categories—policy discounts, driver discounts, and vehicle discounts.

Policy discounts typically reward customer behavior that is desirable to the insurance company. For example, most New Hampshire drivers can save by registering for paperless billing or getting both home and auto policies from the same company. Driver discounts are available to New Hampshire residents who are lower-risk to insure, like those with clean driving records. And vehicle discounts help drivers save if their car has certain safety features or anti-theft systems.

Car Insurance Discounts in New Hampshire

Remember, discounts vary among different insurance companies, so it’s always best to contact the provider directly to determine which discounts you qualify for.

Drivers in New Hampshire need $25,000 of bodily injury liability insurance per person (up to $50,000 per accident) and $25,000 of property damage liability insurance. New Hampshire also requires MedPay and uninsured motorist insurance. MedPay covers medical expenses for you and your passengers after an accident, and UM replaces the liability coverage an at-fault driver should’ve had and pays for your costs up to your policy limits.… read full answer

Here’s How Much Car Insurance Drivers Need in New Hampshire:

In New Hampshire, you don't need car insurance if you prove you meet liability requirements by depositing money with the state treasury.

If you lease or finance your car, you may be required to carry coverage types that are not mandatory under New Hampshire law. Lenders usually require comprehensive and collision insurance. Collision insurance covers repairs to your car when you hit another car or object. If the damage to your vehicle was caused by something other than a collision—like a natural disaster, vandalism, falling objects, or animals—it is most likely covered by comprehensive insurance. Lenders may also require gap insurance, which covers the difference between what you owe on your loan or lease and what the vehicle was worth if it gets stolen or totaled.

Even if you’re not required to carry these optional coverage types, you may still need them. You can learn more about when to drop optional coverage and the penalties for driving without insurance in New Hampshire to make sure you’re paying for the coverage you need.