Concord Group vs. Hanover: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Concord Group offers significantly less expensive premiums than Hanover
• Concord Group tends to be a much cheaper option for drivers with a DUI charge on their record
• Hanover offers more discounts than Concord Group Insurance

Concord Group vs. Hanover: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering huge discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Concord Group or Hanover as your top options, but which one will save you the most?

As you can see, Concord Group is quite a bit cheaper than Hanover, with rates averaging $74 per month compared to $853 with Hanover when looking at the national average rates for auto insurance.

That being said, that doesn't mean Concord Group will necessarily be more affordable than Hanover for every single driver. After all, insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, your age, your driving record, or even where you call home (among other things). So, at the end of the day, prices from every company will differ quite a bit from person to person.

Wanting to know if Concord Group or Hanover is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Concord Group or Hanover: Average Car Insurance Rates by State

Concord Group and Hanover only compete against each other in one states, with Concord Group offering cheaper premiums to the average driver in all of them. New Hampshire has the most noticable difference, where Concord Group prices are over 70% less expensive than car insurance rates at Hanover.

But there's more to auto insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance carriers calculate your premiums. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any other group of drivers. That's usually because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. As you can see above, teens who use Concord Group save more than $500 a month compared to those who use Hanover.

However, both companies will reduce premiums once you turn 25. For example, average rates for Concord Group policyholders drop over $80 and Hanover's prices decrease about $500 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable auto insurance premiums you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

But who has the best rates for retired drivers between Concord Group and Hanover? Concord Group gets the edge here, with average premiums coming in at around $54 monthly compared to Hanover's $613.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable insurance rates than single drivers. That's because policies for married drivers typically cover several cars, which several carriers will offer you a discount for.

When it comes to relationship status, Concord Group is the clear winner for single policyholders, with prices about $910 per month less expensive than Hanover, on average. The advantage for married couples with Concord Group is also obvious, where drivers save more than $500 a month.

Concord Group vs. Hanover: Average Rates by Gender

You may not know, but men normally pay more for auto insurance than women do. This is because men are more likely to get into collisions and get tickets, which raises the chances of an insurance claim.

On average, women see premiums nearly 15% per month less with Concord Group, and around 7% less with Hanover when compared to their male counterparts.

Looking at overall affordability, Concord Group comes out on top for both men and women. On average, women save about $754 a month and men save about $804 with Concord Group compared to the average Hanover policyholder.

Concord Group or Hanover: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

Insurance isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

Even so, most policies end up falling into two different types of coverage -- liability only (that covers property damage and bodily injury for other drivers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum liability limits, Concord Group typically offers significantly more affordable prices of $47 compared to Hanover's $509. When it comes to full coverage policies with similar limits, Concord Group again has the edge, with policies around $500 per month cheaper than Hanover, on average.

Is Concord Group or Hanover Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with accidents and tickets on your record, but which of these two companies offers the lowest rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Concord Group policyholders can expect their premiums to go up an average of $9 a month if they get a ticket, while Hanover normally raises rates about $221 per month, on average.

But Concord Group has less expensive prices for drivers in both categories, offering premiums that are $562 and $774 cheaper, respectively, compared to Hanover Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Concord Group can expect to see around an $27 -- or about 33% -- increase in their insurance prices. Drivers who use Hanover for their auto insurance will see a monthly bill around $326 (or 35%) more expensive after reporting a collision to their insurance company.

Overall, Concord Group offers the cheapest premiums for drivers with an at-fault accident on their records, with monthly rates averaging $82 compared to Hanover Insurance's $943.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even an accident. On average, Hanover will climb your prices about 39% after a DUI, while Concord Group's average rates climb by over 40%.

If you have a DUI on your record and are looking for more affordable premiums, Concord Group tends to be the much more affordable option with average prices of $95 per month compared to 1013 from Hanover.

How does Credit Score Impact Concord Group and Hanover Rates?

Did you know that many car insurance carriers take into account your credit score when calculating rates? This isn't always the case (Michigan, for example, has banned the use of credit score as a rating factor) but it might come into play for many drivers.

The reasoning auto insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will generally be forced to pay more.

So, which carrier offers the most affordable rates for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Concord Group or Hanover Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on your monthly car insurance bill. Usually, those who drive fewer miles will end up with less expensive prices since there's less of a chance of getting into a collision and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Concord Group offers cheaper premiums than Hanover. Hanover average rates for drivers with 6,000 annual miles come in around $779 more expensive than Concord Group. Those who drive 12,000 miles yearly can expect to pay about $778 more with Hanover over Concord Group.

Concord Group vs. Hanover: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for insurance, but the type of area you live in can have a sizable impact as well. Normally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers due to the number of vehicles that are on the roads in those areas.

When comparing these two carriers side-by-side, Concord Group generally comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Concord Group offers prices around $81 a month compared to Hanover's $966. People who live in suburban ZIP codes can expect to pay about $76 a month for Concord Group and $842 for Hanover. Lastly, those in rural areas tend to get the most affordable premiums from both companies, with average monthly prices coming in at $66 and $750 for Concord Group and Hanover respectively.

Concord Group vs. Hanover Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many insurance discounts as you can.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you're eligible for.

Below, we've compared all of the different discounts offered by Concord Group and Hanover so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Hanover knocks Concord Group out of the park when it comes to the sheer number of discounts available, offering eight more discounts than Concord Group.

A couple of those are overlapping for things like advance quote discounts, discounts for being a defensive driver, and group discounts. Hanover also offers annual mileage discounts, distant student discounts, driver training discounts, and more that Concord Group does not.

On the flip side, Concord Group has a couple unique discounts of its own -- COVID-19 relief discount, life policy discounts, new business discounts, and more.

Final Thoughts: Is Concord Group or Hanover Best for You?

So, you've seen how different variables can affect your auto insurance rates. We've broken down the different discounts each company offers, too. That's all well and good, but at the end of the day, which insurance carrier is the right carrier for you and your specific driver profile?

Concord Group might be best for you if....

• You're single and purchasing car insurance by yourself.
• You want basic insurance coverage at the state minimum limits.
• Your neighborhood is in a rural area.

Hanover might be best for you if...

• You want to save extra money with discounts.

We hope this guide has ben a valuable resource as you compare Concord Group and Hanover. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from a handful of carriers, not just Concord Group and Hanover. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Concord Group vs. Hanover FAQs

Is Concord Group or Hanover cheaper?

Looking just at the national average premiums, Concord Group is the more affordable of the two carriers, offering average rates of $74 per month compared to $853 for Hanover. However, Concord Group won't necessarily be the cheapest company for each policyholder, since there are several different factors that come into play when it comes to your car insurance cost.

Who is better, Concord Group or Hanover?

Unfortunately, the only answer we can give you is "it depends.". No one carrier is "better" for everyone -- it all depends on the makeup of your unique auto insurance profile.

Why do Concord Group and Hanover offer me different rates?

Car insurance companies take a look at quite a few different variables when determining the rates they charge drivers. Factors such as age, your driving record, gender, where you call home, and sometimes even things like your credit score can all be used. Both Concord Group and Hanover use different formulas, so each one will most likely offer different prices. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

How do I know if Concord Group or Hanover is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the cheapest price. And who knows, the best company for you might not be Concord Group or Hanover at all!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.