Who Has the Cheapest Car Insurance for Single Moms in New Hampshire?

Establishing which company offers the cheapest insurance rates for single moms involves more time in order to find the lowest price quote. Each company uses different criteria to determine premium rates, so let’s examine the most budget-friendly insurance companies in New Hampshire.

It’s important to understand that New Hampshire insurance rates are impacted by many factors that may substantially change the price you pay. Simply improving your credit, buying another vehicle, or getting a couple of tickets can trigger rate changes that can now make some companies more affordable than competitors.

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Concord generally has some of the best car insurance rates in New Hampshire at around $705 a year. Travelers, Patriot, USAA, and Vermont Mutual would also be considered some of the cheapest New Hampshire auto insurance companies.

In the above example, if you currently buy coverage from USAA and switched to Travelers, you could earn savings of approxmiately $129. New Hampshire drivers with Vermont Mutual might save as much as $184 a year, and Amica policyholders might see rate reductions of $191 a year.

To compare your rates to other New Hampshire insurance companies, click here or quote rates from the companies below.

Understand that those prices are averages across all drivers and vehicles in New Hampshire and do not take into consideration a rate decrease for single moms. So the auto insurance company that is most affordable for your situation may not even be shown in the rate chart shown above. That emphasizes why you need to compare prices as often as possible using your own driver data and vehicle information.

The vehicle model on the policy is probably the biggest factor that determines if you can find the cheapest car insurance for single moms in New Hampshire. Vehicles with limited speed and performance, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models. The table below shows insurance costs for some of the most cost-effective automobiles to insure.

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Hampshire minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Prices do not factor in New Hampshire location which can alter rates substantially.

Looking at the rates, vehicles like the Honda Accord, Chevrolet Traverse, Kia Forte, and Toyota RAV4 should be a few of the most economical vehicles to insure for single parents.

For New Hampshire drivers, one of the components used to establish insurance cost is where you live in New Hampshire. Areas with a lot of weather claims or more people like Manchester, Londonderry, and Pinardville tend to have higher rates, whereas areas with less congestion tend to receive cheaper rates.

The following table shows the most expensive cities in New Hampshire for single moms to purchase auto insurance in.

Table data uses approximated as vehicle location can impact premiums noticeably.

The information below illustrates how choosing a deductible can impact insurance prices when researching cheap insurance for single moms. The premiums assume a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

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As shown above, a 50-year-old driver could save $186 a year by increasing from a $100 deductible up to a $500 deductible, or save $282 by choosing a $1,000 deductible. Youthful drivers, like the age 20 example, could shave $476 annually by choosing a higher deductible.

When using a larger deductible, it will now be necessary to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Does Allstate, State Farm, Geico, or Progressive have the cheapest car insurance?

When it comes to auto insurance for single parents in New Hampshire, four of the best places to start are Allstate, State Farm, Geico, and Progressive. If you combine them together, they insure about 50% of all auto insurance written. All of them offer physical damage and liability coverage, but each has unique options and discounts that buyers can choose from. The following table shows ratings for price, service, and claims, in additional to some of the optional coverages .

How to find budget-friendly insurance for single moms

It is possible to find better rates, and here are some of the recommended thrifty suggestions that can help New Hampshire drivers locate more affordable auto insurance.

• Avoid getting tickets or violations
• Increase your credit rating
• Higher physical damage deductibles lower rates
• Accident-free drivers may qualify for discounts
• Safer vehicles cost less to insure
• Full coverage may not be needed on older vehicles
• Compare prices as often as possible

The last tip is highly necessary, as was discussed in this article. Prices charged by car insurance companies can be adjusted at any time, so you should be ready to switch carriers if a lower-cost policy is available. Having brand loyalty is commendable, but it’s not recommended if that inflexibility results in costing you money that could be used for better things. It takes less than five minutes to compare rates and find cheaper car insurance for single moms.

Cheapest insurance quotes for single parents

Drivers have a lot of ways to comparison shop for insurance in New Hampshire, but the most popular are from an independent or non-exclusive agent, an exclusive insurance agency such as State Farm or Allstate, or direct from companies such as Geico or Progressive. You can use whichever method you prefer, but they are slightly different in how they provide price quotes.

Independent agencies work with multiple companies and can do rate comparisons with each one. Independent agents have the ability to give you more rates, which may provide you with the best idea of how your rates compare. If they find a lower price, they simply move the coverage in-house which is easy for the insured.

An exclusive agent is contracted to a single insurance company, examples being an Auto-Owners or State Farm agent. These agents are unable to quote prices from more than just one company, so they have to upsell other benefits.

Insurance from a direct company means you bypass an exlusive or independent agent and buy direct online or over the phone from a company like Progressive or Geico. This option can be good for drivers who have an average risk profile and have a decent understanding of the limitations of insurance.

So which of those three methods works best to buy the cheapest car insurance for single moms in New Hampshire? The quick answer would be shopping direct saves the most money because there is no agent involved, but unfortunately, it’s not that cut and dried. We’d also like to say an independent agency is the best way to save because they can shop around, but again, that’s not accurate. In many circumstances, the exclusive agents have really good rates that cannot be beaten by either independent or direct companies.

Since insurance rates vary so much, the only true way to ensure you are not overpaying is to obtain price quotes and compare them. If you want to save money, get prices from all three types to give yourself the best selection. For a list of companies offering online discounts in New Hampshire, click here to view.