By:  Ishan Mukhopadhyay Nov. 09, 2018

“I am satisfied with my insurance company's policy because it offers all the coverage I need at a good price. The policy is easy to understand.”: one insurance holder told Raltin in its survey. Usually, getting a suitable auto insurance in New Hampshire is a difficult task and requires customers to analyze and compare multiple policy offerings

According to a recent Raltin analysis in Manchester, New Hampshire, the cheapest car insurance price starts at $430. The study focuses on the premiums offered by different companies in Manchester. It appears that prices differ by a driver’s background and driving record. The cheapest premium rates range between $430 and $1,400. Progressive Northern Insurance, for example, offers the cheapest quote for 72-year-old married drivers who have no traffic violation over the past three years.

This analysis makes the following assumptions. First, the bodily injury liability limit is $100,000 per person and $300,000 per occurrence; property damage liability is $100,000; deductibles for collision and comprehensive are $500 and $250; and medical payments are estimated at $5,000. Second, for a new business, the premium-paying period is 12 months. Third, premiums are not considered for multi-policy or package discounts. Fourth, if an insurer sells single limit liability coverage only, the premiums reflect a combined single limit of $300,000. Fourth, the insured must have prior insurance with a standard carrier at the same limit and no lapse in coverage. Fifth, if a company considers credit when calculating the premium, it means the policyholder has the highest credit rating. In other words, lower credit scores will generate higher premiums. Finally, vehicles do not have anti-theft, anti-lock, or any other safety device unless noted within the Vehicle Identification Number.

This study calculated the difference between the cheapest and median prices for a particular category of driver to estimate their potential savings. The findings suggest that 30-year-old single male drivers with a history of no traffic violation report the highest savings ($1,815) by investing in the right company. For this category, Progressive Northern Insurance offers the cheapest premium at $462 and Co-operative Insurance provides the median premium at $2,277.

The second highest savings at $1,393 are by 44-year-old married drivers with one traffic ticket in the past three years. For this cohort, the cheapest premium is offered by Main Street America Protection Insurance at $1,400 and the median premium is by Providence Mutual Fire Insurance at $2,793.

The following graph compares the premium rates charged by key companies in Manchester, New Hampshire.

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The following table compares car insurance premiums offered by key companies in Manchester, New Hampshire. In addition, it lists the names of the companies and the differences between the median and cheapest or most expensive rates.

CohortCheapest car insurance companies in Manchester, NHSecond cheapest car insurance companies in Manchester, NHCar insurance companies offering the median premium in Manchester, NHSecond most expensive car insurance companies in Manchester, NHMost expensive car insurance companies in Manchester, NHDifference between the cheapest and median pricesDifference between the most expensive and median prices
30-year-old single male drivers with no traffic violationsProgressive Northern Ins. Co. ($462)Progressive Universal Ins. Co. ($575)Co Operative Ins Cos ($2,277)Interins Exchange Of The Automobile Club ($6,124)Patriot Ins. Co. ($10,818)$1,815$8,541
44-year-old married drivers with one traffic violation in the past 3 yearsMain Street America Protection Ins. Co. ($1,400)GEICO Advantage Ins. Co. ($1,464)Providence Mutual Fire Ins. Co. ($2,793)Central Mutual Ins. Co. ($5,468)LM General Ins. Co. ($6,981)$1,393$4,188
19-year-old single female drivers with no traffic violationsAllstate Fire & Cas Ins. Co. ($868)GEICO Advantage Ins. Co. ($990)State Farm Fire & Cas Co. ($2,092)Central Mutual Ins. Co. ($4,238)LM General Ins. Co. ($5,165)$1,224$3,073
23-year-old single male drivers with no traffic violationsGEICO Advantage Ins. Co. ($562)Main Street America Protection Ins. Co. ($777)Nationwide Mutual Ins. Co. ($1,467)Central Mutual Ins. Co. ($2,539)Commerce Ins. Co. ($4,015)$905$2,548
35-year-old married drivers with one speeding violation in the past 3 yearsProgressive Northern Ins. Co. ($740)Progressive Universal Ins. Co. ($772)Standard Fire Ins. Co. ($1,587)Central Mutual Ins. Co. ($2,810)Commerce Ins. Co. ($3,009)$847$1,422
35-year-old single female drivers with no traffic violationsProgressive Northern Ins. Co. ($548)MT WA Assurance Corp. ($568)Amica Mutual Ins. Co. ($1,098)Commerce Ins. Co. ($2,098)LM General Ins. Co. ($2,193)$550$1,095
72-year-old married drivers with no traffic violations in the past 3 yearsProgressive Northern Ins. Co. ($430)Safeco Ins. Co. of America ($434)USAA Cas Ins. Co. ($774)Allmerica Financial Benefit Ins. Co. ($1,482)LM General Ins. Co. ($1,616)$344$842


ABOUT THE AUTHOR

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Ishan Mukhopadhyay

Ishan has over 5 years of experience as a freelance journalist and a content writer. He graduated from The English and Foreign Languages University and holds a Masters degree from the University of Hyderabad. Apart from the English language, Ishan's other passion is data driven journalism.

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