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Best Cheap Auto Insurance Quotes for Drivers Under 21 in New Hampshire

Enter your New Hampshire zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 14, 2019

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The make and model of vehicle that needs insurance is a large consideration in finding the best cheap auto insurance for drivers under 21 in New Hampshire. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models. The table below presents auto insurance prices for some of the more affordable vehicles to insure.

Cheapest Auto Insurance Rates for Drivers Under 21 in New Hampshire
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,028
Ford Escape XLT 4WD $1,044
Honda Accord EX-L 4-Dr Sedan $1,120
Chevrolet Traverse LT AWD $1,135
Toyota Prius $1,144
Toyota Tacoma 4WD $1,145
Dodge Grand Caravan SE $1,150
Ford Explorer XLT 4WD $1,145
Subaru Outback 2.5I $1,159
Ford Focus SE 4-Dr Sedan $1,206
Chevrolet Malibu LS $1,221
Hyundai Tucson Limited 2WD $1,229
Jeep Grand Cherokee Laredo 2WD $1,221
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Premium data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Hampshire minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in your specific New Hampshire location which can alter premiums noticeably.

Based upon the table data, you can see that vehicles like the Honda CR-V, Ford Escape, and Honda Accord are a few of the cheapest vehicles to insure for minors. Rates will be more costly just due to the fact that there is more exposure for drivers under 21, but overall those vehicles will tend to have the cheapest auto insurance rates compared to all other vehicles.

When buying auto insurance for minors, one of the key criteria that aid in calculating rate quotes is where your residence is. Cities with larger populations like Manchester, Londonderry, and South Hooksett will most likely have higher rates, whereas areas with less congestion profit from lower rates.

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The illustration below sorts the more expensive cities in New Hampshire for drivers under 21 to purchase car insurance in.

Where does New Hampshire rank for car insurance cost?
Rank City Average Per Year
1 Manchester $1,328
2 Derry $1,176
3 Londonderry $1,171
4 Pinardville $1,165
5 South Hooksett $1,156
6 Exeter $1,145
7 Nashua $1,137
8 Hampton $1,124
9 Hudson $1,120
10 Durham $1,113
11 Dover $1,112
12 Berlin $1,106
13 Milford $1,096
14 Somersworth $1,094
15 Claremont $1,092
16 Laconia $1,087
17 Rochester $1,087
18 Newmarket $1,083
19 Hanover $1,083
20 Portsmouth $1,073
21 Franklin $1,058
22 Lebanon $1,040
23 Suncook $1,025
24 Keene $1,014
25 Concord $976
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Annual rates are estimated as the specific New Hampshire residence address can decrease or increase premiums greatly.

Locating cost effective auto insurance is challenging, and determining which companies quote the cheapest auto insurance rates for drivers under 21 calls for even more rate comparisons. Coverage rates will probably be much more expensive than the average policy in New Hampshire because of the posibility of more claims that goes along with offering coverage for minors, but affordable insurance may be available if you compare enough companies.

Every insurance company uses their own formula for establishing rates, so first let’s look at the rankings for the most affordable auto insurance companies in New Hampshire. It’s important that you understand New Hampshire auto insurance rates are determined by lots of factors which can significantly increase or decrease the price you pay for coverage. That is why it is crucial to take the time to shop around when trying to find the most affordable auto insurance rates for drivers under 21. Prices consist of many things and change frequently, so the most economical company the last time you checked may now be priced much higher than other options.

Enter your zip code below to view companies that have cheap auto insurance rates.

Rankings for the cheapest New Hampshire auto insurance companies
Rank Company Cost Per Year
1 Concord $691
2 Travelers $695
3 Patriot $812
4 USAA $845
5 Amica $880
6 Vermont Mutual $891
7 Progressive $1,043
8 Encompass $1,045
9 MMG Insurance $1,080
10 State Farm $1,144
11 MetLife $1,279
12 Liberty Mutual $1,398
13 GEICO $1,428
14 Safeco $1,740
15 The Hartford $1,785
16 Allstate $1,849
17 Hanover $2,106
18 Commerce Group $2,538
19 Nationwide $5,950
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Concord normally has some of the best car insurance rates in New Hampshire at around $691 per year. Travelers, Patriot, USAA, and Amica also qualify as some of the lowest-priced New Hampshire insurance companies.

As depicted above, if you are insured with Amica and switched to Travelers, you may realize a yearly savings of about $185. Insureds with Vermont Mutual may save as much as $196 a year, and Progressive policyholders might reduce prices by as much as $348 a year.

Remember that these prices are averaged for all drivers and vehicles in New Hampshire and and are not figured with a rate increase for drivers under 21. So the auto insurance company that can offer you the best rate may not even be featured in the list above. That’s why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

Enter your zip code below to view companies that have cheap auto insurance rates.

The information below shows how different deductible levels can change annual premium costs when quoting cheap insurance for drivers under 21. The rate quotes are based on a single female driver, full coverage, and no policy discounts are applied.

A 50-year-old driver could pocket $186 a year by changing from a $100 deductible to a $500 deductible, or save $282 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old example, could reduce their rates as much as $476 or more just by choosing higher deductibles.

When using a larger deductible, it is important to have enough in a savings account to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Rate increases following a ticket or accident

The common sense way to score the best auto insurance prices in New Hampshire for minors is to drive safe and not receive tickets or have accidents. The illustration below shows how traffic citations and at-fault collisions impact insurance costs for each different age group. The data assumes a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.

In the previous example, the average cost of car insurance per year with no accidents and a clean driving record is $1,186. Add in two speeding tickets and the average cost increases to $1,637, an increase of $451 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of auto insurance for drivers under 21 goes up to an average of $2,089. That’s an increase of $903, or $75 per month, just for being a little careless behind the wheel!

Buying coverage from the best car insurance provider can be challenging considering how many choices you have in New Hampshire. The ranking information shown below may help you select which providers you want to consider comparing rates from.

These ratings are only comprised of the largest companies in America, so smaller companies will not be included in this list. To view rates from the insurers below and more, follow this link.

Top 10 Large Car Insurance Companies in New Hampshire Ranked by A.M. Best Rating

  1. GEICO – A++
  2. Travelers – A++
  3. State Farm – A++
  4. USAA – A++
  5. Esurance – A+
  6. Allstate – A+
  7. Nationwide – A+
  8. Progressive – A+
  9. The Hartford – A+
  10. The General – A-

Top 10 Large Car Insurance Companies Overall in New Hampshire

  1. The General
  2. The Hartford
  3. Progressive
  4. Travelers
  5. State Farm
  6. Farmers Insurance
  7. Safeco Insurance
  8. USAA
  9. GEICO
  10. 21st Century

Don’t make the mistake of not shopping around

New Hampshire auto insurance rates are influenced by many factors that control the price you have to pay. Simply improving your credit, having a claim, or having an at-fault accident can trigger changes in premium resulting in some rates now being cheaper than before.

In addition to those changes, companies file new rates at least once a year in order to remain profitable. Higher than normal claims can result in rate increases, while lower claim levels may cause lower-cost New Hampshire car insurance rates.

For example, the chart below analyzes the cheapest car insurance in New Hampshire for a 30-year-old female driver with a good driving record, no prior claims, and good credit. If we compare prices based on her personal risk profile, Travelers might quote the lowest car insurance rates in New Hampshire at $695 per year. This is $835 less than the average premium paid by New Hampshire drivers of $1,530. Concord, Patriot, USAA, and Vermont Mutual are also included in the cheapest New Hampshire auto insurance companies.

Now we will pretend the driver from the first example a claim or two, less-than-perfect credit, and a few blemishes on her driving record. Since each auto insurer uses their own formula for setting prices, comparing insurance quotes may now result in a new list of companies as shown below.

Encompass now has the cheapest auto insurance in New Hampshire with Concord, Progressive, MMG Insurance, and State Farm completing the list. This illustrates why it is crucial to perform a complete rate comparison when trying to find affordable auto insurance rates for drivers under 21. Insurance rates can be altered by many different factors and change dramatically, so the cheapest rate three years ago may now be quite expensive.

Use our FREE quote tool to compare rates now!

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

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