The State of New Hampshire is one of the few that doesn’t require car owners to purchase any form of auto insurance coverage. However, this should not stop you from obtaining and maintaining one. This is especially true since the state mandates motorists who have caused a road traffic accident resulting in bodily injury or property damage to pay for the expenses incurred due to these after-incident results.

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Average cost of car insurance in New Hampshire

The National Association of Insurance Commissioners (NAIC) claim that the average person pays roughly $733.02 for car insurance in New Hampshire each year.

They broke this figure down to:

$391.92 is the average annual liability insurance expenditure.

$279.36 is the average annual collision insurance expenditure.

$102.02 is the average annual comprehensive insurance expenditure.

Young Drivers in New Hampshire

Our case study showed that a young driver in NH can expect to pay the following yearly premium averages:

  • $1446.8 for state minimum coverage1,
  • $2473.2 for basic full coverage2 and
  • $3347.6 for premium full coverage3.

One of the biggest reasons for these high costs is because young drivers still lack in good driving qualities. They don’t have the same level of skills that their superiors have, especially when it comes to avoiding collisions. Insurers consider this as high risk, so they charge higher rates, resulting in higher premiums.

Female Drivers in New Hampshire

A female driver can expect to pay the following yearly premium averages:

  • $532.8 for state minimum coverage,
  • $898 for basic full coverage and
  • $1256 for premium full coverage.

Our case study shows that women spend far less than teens towards their auto insurance. But there are actually several more ways to further bring this down. Choosing a vehicle with excellent safety features is an effective money-saving strategy.

Senior Drivers in New Hampshire

Based on our methodology4, we’ve learned that seniors can pay an average of:

  • $510.4 for state minimum coverage,
  • $847.2 for basic full coverage and
  • $1157.6 for premium full coverage.

From the 10 cities we selected, Claremont, with an estimated population of 12,984 (2015, latest data5), and Lebanon, with an estimated population of 13,579 (2015, latest data), offer some of the cheapest coverage. Senior drivers here can spend as low as $17/month for their insurance.

Minimum car insurance requirements

Although the State of New Hampshire doesn’t have laws obligating motor vehicle owners and operators to carry insurance, most of these people still choose to do so. In fact, the state boasts of an uninsured driver rate that goes below the national average.

You should follow in the footsteps of these responsible residents, and get yourself even at least the coverage minimums for liability insurance, medical payments insurance, and uninsured motorist insurance.

With a $25,000 minimum for bodily injury/person, $50,000 minimum for total bodily injury (applies to cases wherein several people sustained injuries in a car accident you caused), and a $25,000 minimum for property damage, your liability insurance will help cover expenses for bodily injury and/or property damage you have caused to others.

In case you get into a road accident that will result in you sustaining injuries yourself, the medical payment coverage portion of your policy (with a $1,000 minimum) will help pay for the medical/hospital costs.

Despite New Hampshire having a low uninsured/underinsured motorist rate, you can never tell when you will get into an accident involving a driver falling under this category. This is why insurers include the uninsured motorist coverage in the basic insurance programs they offer. This should have the same minimums as the liability portion of your policy.

Collision coverage, comprehensive coverage, rental reimbursement, as well as towing and labor are some of the other optional coverage types you should consider investing in.

Violations and Penalties 

Because New Hampshire doesn’t require its residents who own and drive cars to have insurance, it only follow that the state also doesn’t enforce violations and penalties. However, you should still practice extreme caution, or you can face serious expenses in the event you cause a road traffic accident. You have to pay for all the costs resulting from bodily injury and/or property damage.

Driving safety in New Hampshire

Only 69% of New Hampshire motorists and front-seat passengers wear their seatbelts, as a Centers for Disease Control and Prevention (CDC) study revealed. The national average is 86%, which means that the state falls 17% lower.

A National Highway Safety Administration study showed that 114 driving fatalities occurred in the NH in 2015. 33 cases out of this total (29%) happened due to alcohol impaired driving.

The CDC has then rated the overall vehicle occupant death in the state at 5.0 per 100,000 residents.

Final thoughts

Regardless of New Hampshire’s non-existent car insurance requirements, still consider it as a valuable investment rather than just another expense. When you have even just the basic policy, it may feel better being out there on the road.

0
licensed drivers in New Hampshire, 2014
0
privately insured vehicles in New Hampshire

Source: StatistaInsurance Information Institute

1State minimum coverage includes the minimum liability insurance limits required in your state but excludes the following:
  • No Collision and Comprehensive Coverage
  • No Towing Coverage
  • No Rental Car Coverage
  • No Full Glass Coverage
2Basic full coverage includes:
  • $50,000 Bodily Injury Liability Per Person/$100,000 Per Accident
  • $25,000 Property Damage Liability
  • $50,000 Uninsured Motorist Bodily Injury Coverage Per Person/$100,000 Per Accident
  • $25,000 Uninsured Motorist Property Damage Coverage
  • $750 Deductible Collision And Comprehensive Coverage
  • $50 Towing Coverage
  • No Rental Reimbursement Coverage
  • No Full Glass Coverage
3Premium full coverage includes:
  • $250,000 Bodily Injury Liability Per Person / $500,000 Per Accident
  • $100,000 Property Damage Liability
  • $250,000 Uninsured Motorist Bodily Injury Coverage Per Person / $500,000 Per Accident
  • $100,000 Uninsured Motorist Property Damage Coverage
  • $250 Deductible Comprehensive Coverage And No Deductible Collision Coverage
  • $75 Towing Coverage
  • $30/day Rental Reimbursement, Max Of $900
  • Full Glass Coverage
4Methodology: To achieve accurate results we obtained estimates for 10 cities in the state: 5 of the largest cities and 5 randomly picked smaller cities. For each city, we collected premiums for 3 levels of coverage: state minimum coverage, basic full coverage and premium full coverage. We used 3 different driver profiles for the case studies. For the young driver profile we used a 20-year-old single male or female with 1 year driving experience. Second, the profile fit that of a 35-year-old married female with 12 years of driving experience. The last profile we used in our studies is a male senior driver who was 68-year-old with 45 years of driving experience. The vehicle we used for all three driver profiles was a 2012 Honda Accord EX.
5Latest data: The U.S. census is conducted every 10 years as per requirement of the United States Constitution. The 23rd edition and the latest data is the 2010 United States Census. Source: https://en.wikipedia.org/wiki/2010_United_States_Census
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