Information Comes From Insurify’s 2025 Auto Insurance coverage Developments Report
The New Hampshire Insurance coverage Division (NHID) declares promising information for Granite State drivers: New Hampshire is projected to expertise a lower in auto insurance coverage prices in 2025, making it probably the most reasonably priced states within the nation for full-coverage insurance policies.
In response to knowledge from Insurify’s 2025 Auto Insurance coverage Developments Report, New Hampshire drivers paid a median of $997 for full-coverage auto insurance coverage in 2024. This determine is already considerably decrease than the nationwide common. Furthermore, projections point out that the price will lower additional to roughly $981 in 2025, marking a 2% discount.
“With this anticipated fee discount, Granite Staters will retain entry to a various vary of aggressive insurance coverage choices, free from the burden of hovering premiums skilled elsewhere within the nation,” mentioned Insurance coverage Commissioner DJ Bettencourt. “These projections spotlight our regulatory success and showcase the colourful competitors amongst insurers in our state. By selling a free-market philosophy fueled by alternative and innovation, we empower shoppers to make knowledgeable choices, guaranteeing high quality companies and honest pricing for all.”
In comparison with different states, New Hampshire stays among the many most cost-effective areas for auto insurance coverage. Many states are dealing with rising premiums attributable to components reminiscent of inflation, automobile restore prices, and extreme climate incidents. Nevertheless, New Hampshire’s insurance coverage market continues to supply stability and affordability for policyholders.
“These updates not solely spotlight New Hampshire’s dedication to consumer-friendly insurance coverage insurance policies but in addition reinforce the state’s place as a nationwide chief in sustaining affordable insurance coverage charges,” mentioned Deputy Insurance coverage Commissioner Keith Nyhan. “Our purpose is to make sure that drivers proceed to profit from a aggressive and honest market.”
The NHID encourages shoppers to assessment their insurance policies repeatedly and examine charges with unbiased brokers to make sure they’re receiving the perfect protection on the most reasonably priced worth.
