How Much Does Car Insurance Cost for Teenagers in New Hampshire?

How Much Does Car Insurance Cost for Teenagers in New Hampshire?

Finding dependable, low-priced insurance is challenging, and finding out which company has the cheapest auto insurance rates for teenagers will involve even more diligence. Policy rates should be significantly more expensive than the average price in New Hampshire attributed to the potential for higher claims related to offering coverage for teen drivers, but economical coverage may be attainable if you thoroughly shop around. Each auto insurer has a different formula for setting prices, so we’ll go over the auto insurance companies with the overall best prices in New Hampshire.

It’s important to understand that New Hampshire auto insurance rates are influenced by many factors which can significantly increase or decrease the policy price. This is why it is crucial to compare lots of rates when trying to get the best auto insurance quotes for teenagers. Rates are calculated by many different factors and can change without notice, so the cheapest company six months ago may now be wasting a lot of money.

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Cheapest auto insurance in New Hampshire ranked by cost per year
Rank Company Cost Per Year
1 Concord $691
2 Travelers $702
3 Patriot $820
4 USAA $845
5 Vermont Mutual $900
6 Amica $907
7 Encompass $1,014
8 MMG Insurance $1,070
9 Progressive $1,085
10 State Farm $1,133
11 MetLife $1,279
12 Liberty Mutual $1,357
13 GEICO $1,400
14 Safeco $1,689
15 The Hartford $1,749
16 Allstate $1,777
17 Hanover $2,148
18 Commerce Group $2,538
19 Nationwide $6,130
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Concord generally has some of the cheapest car insurance rates in New Hampshire at around $691 a year. Travelers, Patriot, USAA, and Vermont Mutual also make the cut as some of the more affordable New Hampshire auto insurance companies.

As depicted above, if you are a customer of Vermont Mutual and switched to Travelers, you may see annual savings of approxmiately $198. New Hampshire drivers with Amica might save as much as $205 a year, and Encompass customers might lower prices by $312 a year.

If you would like to find cheap car insurance for teenagers in New Hampshire, click here or visit any of the low-priced companies below.

Bear in mind that those estimates are averages across all drivers and vehicles in New Hampshire and and are not figured with a rate surcharge for teenagers. So the insurer that is most affordable for your situation may not even be shown in the chart above. That emphasizes why you need to get auto insurance quotes using your own specific driver and vehicle information.

For teen drivers, one of the more important components that play a part in determining car insurance rates is your zip code in New Hampshire. Cities with larger populations or higher claims like Manchester, Derry, and Pinardville tend to have higher rates, whereas areas with less traffic congestion and claims receive better rates.

The information below rates the most costly cities in New Hampshire for teenagers to buy car insurance in.

Most expensive New Hampshire cities for auto insurance
Rank City Annual Rate
1 Manchester $1,289
2 Nashua $1,183
3 Derry $1,176
4 South Hooksett $1,168
5 Pinardville $1,165
6 Hampton $1,158
7 Londonderry $1,137
8 Claremont $1,125
9 Exeter $1,123
10 Hudson $1,120
11 Berlin $1,118
12 Milford $1,118
13 Newmarket $1,116
14 Durham $1,102
15 Rochester $1,098
16 Franklin $1,091
17 Hanover $1,083
18 Portsmouth $1,073
19 Somersworth $1,072
20 Dover $1,068
21 Laconia $1,065
22 Lebanon $1,040
23 Keene $1,014
24 Concord $1,006
25 Suncook $995
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Price information shown is approximated as the specific area where the vehicle is garaged can revise prices noticeably.

New Hampshire auto insurance companies

Insuring your vehicle with the highest-rated car insurance provider is difficult considering how many choices drivers have in New Hampshire. The company ratings below can help you decide which car insurance companies you want to consider when comparing auto insurance rates for teenagers. These rankings only include companies with a nationwide focus, so smaller regional companies are not factored into this list.

New Hampshire Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
Esurance 70 80 89 77% A+ 79.2
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Data Source: Best Car Insurance Companies

Who is cheaper: Geico, Allstate, Progressive, or State Farm?

If you’re looking for the best auto insurance for teen drivers in New Hampshire, the first places to look would be Geico, Allstate, Progressive, and State Farm. Each company has different features and discounts that you can choose from. The following table ranks price and claims rank as well as some different options that are available.

Car Insurance Companies Compared
Geico Allstate Progressive State Farm
Discounts Offered 2nd 1st 4th 3rd
Customer Satisfaction 1st 2nd 3rd 4th
Price Overall 1st 4th 3rd 2nd
Handling of Claims 3rd 1st 4th 2nd
Percent of U.S. market 11.4% 10% 8.8% 18.3%
Rating based on usage No Yes Yes Yes
Coverage for ridesharing Yes Yes Yes Yes
New car replacement insurance No Yes No No
Accident forgiveness Yes Yes Yes No
Emergency roadside service Yes Yes Yes Yes
Breakdown insurance Yes No Yes No
Types of agents used From a Geico agent or online Can only buy from Allstate agents Buy online or from an independent agent Only from State Farm agents
Number of agents 150+ 11,000+ 30,000+ 18,000+
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Cheapest insurance quotes for teen drivers

There are many ways to quote and buy auto insurance in New Hampshire, but the most popular methods are from a captive (or exclusive) agency such as Allstate or Liberty Mutual, a non-exclusive or independent agent, or from a direct company like Geico.

Each way is similar, but buyers need to know the differences in how they provide rate quotes.

Independent insurance agencies have contracts with many companies and can get policy pricing from each one. These types of agents possess the freedom to get prices from more than one company, which may provide you with the best chance of finding a lower price. If your agent finds better pricing, your policy can be moved which requires no work on your part.

An agent who is captive is only able to place business with one company like an Allstate or State Farm agent. Exclusive agents generally are unable to provide rate quotes from other companies, so it’s a good idea to shop around.

The third popular method of shopping for auto insurance is direct, which means you skip local agents and buy direct from companies such as Esurance or Progressive. Buying direct may be good for families who do not need advice for asset protection and have a decent understanding of how auto insurance works.

So what is the best way for finding cheap car insurance for teenagers in New Hampshire? Our initial answer would be buying from a direct company saves money since there isn’t an agent involved, but that generally is not the case. And we’d like to say an independent agency guarantees the best prices because they can shop around, but again, that’s not a true statement. In some circumstances, exclusive agents have coverage prices that are the lowest in New Hampshire.

Since auto insurance prices are based on many different factors, the only real way to ensure you are not overpaying for auto insurance is to get rate quotes and compare. We highly recommend getting rate quotes from all three in order to find the best price. For a list of companies offering online discounts, click here to view.

How to find more affordable car insurance for teenagers

Below you’ll find some of the better money-saving ideas that can help New Hampshire drivers quote lower-cost coverage.

  • Save money by staying claim-free
  • Being accident-free can lower rates significantly
  • Save money by observing traffic laws and speed limits
  • Home or renters coverage can save on auto insurance
  • Vehicles with safetly features generally cost less to insure
  • Keep rates low by comparing prices once a year

The last tip in the list is remarkably crucial, as we emphasized in this article. Rates fluctuate constantly, so drivers shouldn’t hesitate to buy a policy from a new company if you find a cheaper price.

Having a favorite company is great, but is isn’t recommended if your bullheadedness ends up costing you money that could be going to better use. Take a few minutes and compare rates to find cheaper auto insurance for teenagers.