Cheap Auto Insurance Quotes for a Learners Permit in New Hampshire

The words “economical” and “insurance” really don’t belong together, in particular when you are looking for the lowest insurance prices for a learners permit. Let’s start off by going over some of the factors that help determine auto insurance prices, and figure out some ways to reduce the price of the next policy you buy.

For new drivers, one of the more important criteria used to calculate the price you pay for insurance is where you call home in New Hampshire. Areas with a lot of weather claims or more people like Manchester, Derry, and Hudson are more likely to pay higher prices, whereas areas that tend to be more rural benefit from having to pay less for coverage.

The illustration below shows the highest-priced areas in New Hampshire for a learners permit to buy auto insurance in.

Rate quotes are comparative as specific New Hampshire garaging address can alter price quotes substantially.

The make and model of vehicle that needs insurance is probably the biggest factor when consumers are trying to find cheap auto insurance for a learners permit in New Hampshire. Vehicles with average performance, advanced safety features, or low incidents of liability claims will cost much less to insure than higher performance models. The table below shows coverage costs for a handful of the most budget-friendly automobiles to insure in New Hampshire.

Premium 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. Table data does not factor in vehicle location which can alter rates greatly.

Based upon the rates shown, we can conclude that cars like the Honda Accord, Honda CR-V, Ford Escape, and Jeep Wrangler are going to be some of the most economical vehicles to insure for new drivers. Auto insurance rates will be more costly just due to the fact that there is more inherent risk for a learners permit, but generally speaking those makes and models will most likely have the lowest insurance rates compared to all other vehicles.

Finding decent, low-cost car insurance is not the easiest thing to do, and determining which company has the cheapest car insurance rates for a learners permit requires even more rate comparisons. Insurance premiums will more than likely be significantly pricier than the average policy in New Hampshire due to the extra risk related to offering insurance for new drivers, but affordable coverage may be available if you look hard enough. Each insurance company has a proprietary method for determining prices, so we need to take a look at the car insurance companies with the overall cheapest rates in New Hampshire.

It’s a good idea to be aware that New Hampshire car insurance rates are impacted by many factors that will increase or decrease the price you have to pay for coverage. This is why drivers need to compare rates to get the most affordable auto insurance rates for a learners permit. Insurance prices can be determined by many factors and change substantially, so the best company a year ago may now be one of the higher cost companies.

Cheapest Insurance Rates in New Hampshire

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Travelers may have some of the most affordable car insurance rates in New Hampshire at around $695 annually. Concord, Patriot, USAA, and Vermont Mutual would also be considered some of the cheapest New Hampshire insurance companies.

In the above rates, if you are insured with Vermont Mutual and switched to Concord, you could realize savings of about $168. Policyholders with Amica might save as much as $184 a year, and Encompass customers might reduce prices by as much as $340 a year.

Bear in mind that those premium estimates are averaged for all types of insureds and vehicles and do not factor in a rate increase for a learners permit. So the company that is best suited for you may not even be included in the list of companies above. That’s why you need to compare rates from multiple companies using your own individual information.

Safe drivers pay less for car insurance

The common sense way to score good car insurance premiums in New Hampshire for new drivers is to drive cautiously and avoid getting tickets or having accidents. The example below highlights how speeding tickets and at-fault fender-benders can affect car insurance costs for different insured age categories. Data assumes a single male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

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In the example above, the average cost of auto insurance in New Hampshire per year with no accidents or violations is $1,336. Factor in two speeding tickets and the average cost rises to $1,758, an increase of $422 each year. Then add two accidents along with the two speeding tickets and the yearly cost of car insurance for a learners permit goes up to an average of $3,529. That’s an increase of $2,193, or $183 per month, just for not keeping your driving record clean!

Liability-only versus full coverage

Finding cheap auto insurance for a learners permit in New Hampshire is probably important to most vehicle owners, and one of the quickest ways to find cheap insurance is to only buy liability insurance. The example below illustrates the difference between yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 1697,727],[‘Age 30’, 901,403],[‘Age 40’, 877,375],[‘Age 50’, 803,351],[‘Age 60’, 779,345],[‘Age 70’, 969,459]]);var options = {title: ‘Rate Comparison of Full Coverage and Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in New Hampshire’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

Averaged out for all age groups, physical damage insurance costs an extra $1,004 per year more than just buying liability insurance. At some point, almost every driver questions if you should buy full coverage at all. There is no definitive guideline of when to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

Is Allstate, Progressive, Geico, or State Farm cheaper?

When comparing car insurance for new drivers, four companies to consider are Allstate, Progressive, Geico, and State Farm. All offer your standard physical damage and liability coverages, but each one has different options that may steer you one way or another. The data below illustrates some of the different options and features that are available for customers.