How Much Does Auto Insurance Cost for College Graduates in New Hampshire?

You’ve seen the captivating ads from auto insurance companies like Liberty Mutual and GEICO that say if you switch you’ll get the cheapest price. So you just need to pick the one with the best commercial, right?

Unfortunately, it’s just not that easy, as there are a lot of unknown aspects such as how old you are, if you just need liability coverage, and what liability limits you need. In this article, we will cover some of these criteria and will hopefully give you a solid foundation to find cheaper car insurance.

We all like different vehicles, and the type of vehicle that is being insured is a large factor in finding cheaper car insurance for college graduates. Vehicles with higher performance characteristics, a lack of safety features, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The next lists shows coverage prices for a number of the cheaper vehicles to insure in New Hampshire.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Hampshire minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in vehicle garaging location which can increase or decrease insurance rates significantly.

Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Hampshire minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in zip code location which can affect price quotes significantly.

Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Hampshire minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Price information does not factor in specific location which can alter coverage prices significantly.

One of the many things that affect car insurance rates is where you keep your vehicle in New Hampshire. Urban areas that are densely populated like Manchester, Pinardville, and Hudson tend to have higher rates, whereas cities that are not as densely populated benefit from having to pay less for coverage.

The illustration below displays the most expensive cities in New Hampshire for college graduates to purchase a policy in.

Information shown are approximated as the specific garaging location can decrease or increase premiums substantially.

Drive safe and save

One of the best ways to earn the cheapest insurance rates in New Hampshire for college grads is to drive safely and avoid accidents and traffic citations. The illustration below highlights how traffic violations and at-fault collisions impact auto insurance rates for each age group. Data assumes a married female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

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In the chart above, the average cost of car insurance in New Hampshire per year with a clean driving record and no accidents is $1,151. Get written up for two speeding tickets and the average cost hikes up to $1,630, an increase of $479 each year. Next add two accidents along with the two speeding tickets and the annual cost of insurance for college graduates increases to an average of $3,521. That’s an increase of $2,370, or $198 per month, just for not keeping your driving record clean!

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

When shopping for auto insurance, four companies to definitely compare rates with are Geico, Allstate, State Farm, and Progressive. All offer your standard physical damage and liability coverages, but each one has a different combination of discounts, features, and options that add value to each policy. The next table rates some of the ratings and options that are available for policyholders.

How to find cheap auto insurance for college graduates in New Hampshire

It is possible to find better rates, and here are a few thrifty suggestions that can help New Hampshire drivers quote the cheapest coverage.

• Serious violations like DUI or reckless driving can increase rates dramatically
• Earn a discount by not filing claims
• Choose a safer vehicle and pay lower rates
• Staying accident-free helps keep rates low
• Good credit can mean cheaper rates
• Shop around for cheaper rates regularly

The last tip in the list is highly critical, as we pointed out in the prior information. Auto insurance prices fluctuate constantly, so don’t be hesitant to switch carriers if a lower-cost policy is available.

Brand loyalty is great, but it isn’t a good idea if that dedication is costing hundreds every year. Spend a few minutes and compare prices to find cheaper auto insurance for college graduates.

Cheap insurance quotes for college grads

You have many ways to buy insurance in New Hampshire, but the most common are from an exclusive insurance agency such as Allstate or Auto-Owners, a non-exclusive or independent agent, or buying direct from a company like Geico or Progressive. Each way has the same basic steps, but it’s important to point out the distinctions in how they provide rate quotes.

Independent agents are appointed by several companies and can get policy pricing from every one. They possess the freedom to give you more rate choices, which can help you get better odds of saving money. If they find a cheaper price, an independent agent can move your coverage and you won’t have to switch agencies.

A captive, or exclusive, agent is only able to quote rates from one insurance company such as an Auto-Owners or Allstate agent. Exclusive agents generally are unable to quote prices from more than just one company, so keep that in mind.

Consumers who buy insurance direct do not use either of the other two types of agents and instead shop from a direct company like Progressive. Buying direct may be a decent choice consumers who do not need high amounts of coverage and have some degree of understanding of what insurance covers and what it doesn’t.

So comparing independent agents, exclusive agents, and direct, which one works best to buy cheap auto insurance for college graduates in New Hampshire? The majority of insurance shoppers assume that buying direct saves the most money because you bypass the agent, but that generally is not the case. We could also assume that buying from an independent agent is the best way to save since they can provide multiple quotes, but that’s not always true, either. And often times, exclusive agencies may have very competitive prices that are well below what direct and independents offer.

Because there are so many factors that make up insurance rates, the best way to get the cheapest rates is to do a thorough rate comparison. Make the effort to get price quotes all three ways in order to have the best selection to choose from. To see some of the cheapest online companies available, click here to view.