Best Cheap Car Insurance for 16 Year Olds in New Hampshire

When we talk about car insurance, the word affordable really shouldn’t be used anywhere in the article. Notwithstanding, cheap car insurance for 16 year olds may be a thing of the past. Don’t let that bother you, though, because there may be ways you can still find insurance that is more affordable than your current policy.

The vehicle model requiring coverage is one of the biggest factors when comparing quotes for the best cheap car insurance for 16 year olds in New Hampshire. Vehicles with higher performance characteristics, a lack of safety features, or high incidents of liability claims will cost quite a bit more to insure than more economical and safe models. The data below estimates auto insurance premiums for a number of the most budget-friendly automobiles to buy coverage for.

Above prices assume single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New Hampshire minimum liability limits. Discounts applied include claim-free, and safe-driver. Information does not factor in zip code location which can affect prices noticeably.

Data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New Hampshire minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in New Hampshire location which can impact coverage prices noticeably.

Prices above based on single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and New Hampshire minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in garaging location in New Hampshire which can decrease or increase coverage prices noticeably.

Finding affordable car insurance is not easy, and figuring out which company quotes the cheapest auto insurance rates for 16 year olds takes additional perseverance. Rates could be much pricier than the average price in New Hampshire attributed to the additional risk related to offering coverage for new drivers, but economical insurance should be possible if you carefully shop around.

Each insurer uses different criteria to determine premium rates, so first we will examine the auto insurance companies that tend to be cheaper in New Hampshire.

Best Auto Insurance Prices for Teens

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Concord offers some of the lowest car insurance rates in New Hampshire at around $684 a year. Travelers, Patriot, USAA, and Amica are also some of the more affordable New Hampshire insurance companies.

In the above example, if you currently buy coverage from USAA and switched to Concord, you could realize savings of roughly $136. New Hampshire drivers with Amica could save as much as $205 a year, and Vermont Mutual insureds might cut rates by $207 a year.

These policy prices are averaged across all drivers and vehicles and do not take into consideration a price surcharge for 16 year olds. So the auto insurance company that fits you best may not even be shown in the above list. That underscores the importance of why you need to get rate quotes using your own specific driver information and vehicle.

One of the more important considerations used to determine the annual cost of car insurance is where your residence is. Areas that are more densely populated like Manchester, Derry, and Londonderry tend to have higher auto insurance costs, whereas areas with less traffic congestion and claims generally pay less for auto insurance.

The information below rates the most expensive areas in New Hampshire for 16 year olds in which to buy car insurance.

Rate information is approximated as vehicle location can revise premiums considerably.

The diagram below shows how choosing a deductible can influence premium costs when researching cheap insurance for 16 year olds. The premiums assume a married female driver, full coverage, and no discounts are factored in.

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The data above shows that a 40-year-old driver could save $162 a year by increasing from a $100 deductible to a $500 deductible, or save $244 by selecting a $1,000 deductible. Youthful drivers, such as the Age 20 example, could save up to $404 each year by using higher deductibles when buying full coverage.

When choosing a higher deductible, it is important to have plenty of money set aside to cover the extra out-of-pocket expense that deters many people from opting for higher deductibles.

Drive responsibly or pay higher rates

The recommended way to score low auto insurance prices for new drivers is to be an attentive driver and not receive tickets or have accidents. The example below demonstrates how traffic citations and at-fault claims increase insurance rates for each age group. The costs are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 1753,1911,2353],[‘Age 30’, 1213,1371,1813],[‘Age 40’, 1129,1287,1729],[‘Age 50’, 987,1147,1587],[‘Age 60’, 957,1115,1553],[‘Age 70’, 1113,1267,1711]]);var options = {title: ‘Effect of Tickets and Claims on New Hampshire Auto Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in New Hampshire’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous chart, the average cost of an auto insurance policy in New Hampshire per year with a clean driving record and no accidents is $1,192. Receive one speeding ticket and the average cost swells to $1,350, an increase of $158 each year. Then add in one accident along with the one speeding ticket and the annual cost of auto insurance for 16 year olds jumps again to an average of $1,791. That’s an increase of $599, or $50 per month, just for not paying attention while driving!

How to find more affordable auto insurance for 16 year olds

The list below summarizes many money-saving solutions that can help New Hampshire drivers find cheap coverage.

• Avoid at-fault accidents and claims
• Multi-policy discounts save money
• Safer vehicles cost less to insure
• Save money by insuring older vehicles for liability only
• Clean up your credit
• Compare rates regularly and switch companies to save money

That last tip is particularly crucial, as we discussed in this write-up. Coverage rates fluctuate constantly, so don’t hesitate to switch to a new company if a cheaper price is available.

Sticking with a specific company is fine, but is isn’t recommended if that stubbornness costs you thousands of dollars over the life of your policy. Spend a few minutes and compare prices and find cheaper auto insurance for 16 year olds.

Who has the cheapest insurance quotes for new drivers?

Drivers have a lot of ways to shop around for auto insurance in New Hampshire, but the three most common ways are from an exclusive agency such as Allstate or Liberty Mutual, a non-exclusive or independent agent, or buying direct from a company like Progressive or Geico.

They all have the same basic principle, but buyers should know the differences in how they function.

Independent agents work for many companies and can get rate quotes from all of them. These types of agencies can give you more rates, which can help you get the best chance of finding a lower price. If prices rise, you can get a different policy which is easy for the insured.

Exclusive agents are able to place business with a single insurance company, two of the more popular are a State Farm or Liberty Mutual agent. This type of agents cannot provide prices from multiple companies, so keep that in mind.

The third popular method of shopping for auto insurance is direct, which means you bypass local insurance agents and buy direct either online or via phone. Shopping for auto insurance direct is a good choice for drivers who have limited assets and have a good understanding of how auto insurance works.

So which of those three methods works best to find the best cheap car insurance for 16 year olds in New Hampshire? One answer would be shopping direct saves the most money since there is no need to pay agent commissions, but that generally is not the case. A valid argument could also be made that going through an independent agent guarantees the lowest rates since they can quote with many companies, but that is not accurate either. In many cases, the exclusive agents have coverage prices that are the lowest in New Hampshire.

Because there is so much variation in auto insurance prices, the only real way to buy the cheapest coverage is to do a thorough rate comparison. Smart shoppers will get price quotes all three ways to give yourself the best selection. We compiled a list of companies with some of the cheapest online rates that you can click here to view.