Average car insurance cost in Nashua, NH

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The average car insurance cost in Nashua, New Hampshire is $1,317 per year, according to Insure.com data analysis. Also, the car insurance rates in Nashua is $52 more than the average rates in New Hampshire and $578 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Nashua, the average car insurance rates categorized by age and gender, and the cost of car insurance in Nashua based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Nashua. Read on to learn more.

Cheap car insurance companies in Nashua

At an average of $838 per year with full coverage limits of 100/300/100, Auto-Owners provides the most affordable car insurance in Nashua.

Ranked as the second most affordable company in Nashua, The Hanover provides car insurance at $1,057 per year.

As previously noted, car insurance rates differ among companies due to variations in the factors used for calculating the rates. So, it is best to compare quotes from several insurers to secure affordable car insurance rates in Nashua that align with your needs before selecting a policy.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Nashua, New Hampshire:

Read about the best car insurance companies.

Average car insurance cost in Nashua by coverage limits

In Nashua, the average car insurance rates the coverage levels are as follows:

• State minimum coverage: $459 per year (limits are 25/50/25)
• Liability only coverage: $479 per year (limits are 50/100/50)
• Full coverage: $1,317 per year (limits are 100/300/100)
• Non-owners coverage: $360 per year

In most states, drivers are required to have state minimum coverage to drive legally, although these requirements vary by state. However, it’s important to note that state minimum coverage does not provide coverage for any vehicles listed on your policy in the event of an at-fault accident.

To prevent compromising on coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage if you frequently borrow or rent a car but do not own one.

Average car insurance rates by gender in Nashua

The average car insurance rate for a female driver in Nashua, New Hampshire, is $1,309 per year.

While the rate for a male driver is $1,325 per year, which is $16 more than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Nashua

In Nashua, teenagers have the highest car insurance rates, at $4,399 per year or $367 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,226 annually for car insurance, which is $2,173 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Nashua have car insurance rates of $1,344 and $1,388 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Nashua

Examining the trends in car insurance rates in Nashua, New Hampshire, there was an downward trend from 2022 to 2023. Between 2022 and 2023, rates decrease overall by 4% or $62.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Nashua, are higher than the average insurance cost in New Hampshire. Shopping around and taking advantage of available discounts, drivers in Nashua can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.