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

Quick Facts

• Looking at the national averages for car insurance, Foremost offers significantly more affordable prices than Hanover
• Foremost tends to be a much less expensive option for drivers with a DUI
• Hanover may help you save more money -- they offer more discounts than Foremost Insurance Group

Foremost or Hanover: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. You've probably seen commercials and billboards from companies offering sizable savings, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Foremost or Hanover for your next policy, but between the two, which carrier will offer you cheaper rates?

Looking at the national average rates for both carriers, Hanover has average rates that are around 70% a month more expensive than those from Foremost.

Even so, Foremost may not be the most affordable or best option for every single driver out there. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like your driving record, where you call home, your age, or even your credit score (among other things), so prices will change quite a bit from person to person.

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

Foremost vs. Hanover: Average Car Insurance Rates by State

Foremost and Hanover only compete against each other in one states, with Foremost offering more affordable rates to the average driver in all of them. New Jersey has the most noticable difference, where Foremost prices are $404 less expensive than auto insurance rates at Hanover.

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

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any other group of drivers out there on the road. That's generally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use Foremost save over 70% per month compared to those who use Hanover.

That being said, both companies will decrease premiums once you turn 25. Hanover offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Foremost still has the cheapest rates at $228 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the lowest insurance premiums out there. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for auto insurance.

But who has the best rates for retired drivers between Foremost and Hanover? Foremost gets the edge here, with average premiums coming in at about $219 per month compared to Hanover's $613.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are normally more expensive for single policyholders than they are for married couples? That's because policies for married policyholders typically cover more than one vehicle, which lots of carriers will give you a discount for.

For single drivers, the difference in average rates between these two companies is significant, with Foremost prices coming in at around a third of Hanover's. The advantage for married drivers with Foremost is also obvious, where drivers save about $450 a month.

Foremost or Hanover: Average Rates by Gender

Did you know women normally pay less for auto insurance than men? That's because men are more likely to get speeding tickets and get into collisions, which increases the chances of filing a claim with insurance.

On average, men see rates around $4 per month higher with Foremost, but with Hanover, the difference is closer to $60 a month.

Looking at overall affordability, Foremost offers the most affordable average premiums for both men and women, with average rates $611 less for men and $555 cheaper for women.

Foremost vs. 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.

For most people, insurance can be pretty complicated. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

However, most policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability coverage).

Looking specifically at state minimum limits for liability insurance, Foremost has the significant edge, with average monthly premiums coming in at $173. If you want a full coverage policy with the same state minimum limits, Foremost again has the edge, with policies averaging about $366 per month to Hanover's 1196.

Is Foremost or Hanover Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Speeding tickets and at-fault collisions will most likely raise your prices, but is Foremost or Hanover cheaper for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Foremost for their insurance can usually expect their monthly bill to go up around 22% after getting a speeding ticket. Hanover policyholders can expect a bit more drastic of an increase of about 26%.

But Foremost has less expensive premiums for drivers in both categories. With Foremost Insurance Group, drivers with a clean record can save around $415 a month and drivers with a ticket can save about $580 per month.

Which Company is Best for Drivers After an Accident?

Foremost drivers who get in an accident can expect to see their prices climb by just under $200, while those who have insurance through Hanover will see around a $350 increase.

At the end of the day, drivers who use Foremost end up with the cheaper prices after an accident, with average rates coming in at $381 compared to Hanover Insurance's $943.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your car insurance bill. Hanover drivers usually see a 39% climb in their insurance prices after a DUI charge, while Foremost will typically increase rates by about 15%.

But if you end up with a DUI charge and are looking for more affordable premiums, Foremost tends to be cheaper for the average driver, with monthly premiums coming in at around $238 to Hanover's 1013.

How does Credit Score Impact Foremost and Hanover Rates?

Did you know many car insurance carriers take your credit score into account when determining rates? This isn't true for everyone (for example, Michigan and Hawaii are two states that ban the practice entirely), but it does affect many policyholders out there.

Auto insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with more affordable premiums.

So, which company offers the cheapest prices for policyholders 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 Foremost 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 premiums. That's because the more milage you put on your car each year, the more likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Foremost charges. However, there's a small difference in monthly prices for Hanover, with policyholders who drive 6,000 miles each year paying about $1 less every month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Foremost is the cheaper carrier.

Foremost or Hanover: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a considerable impact on your monthly car insurance payment. Generally, those who live in rural areas will pay less than drivers in urban areas since there are a lot fewer vehicles on the road where they live, which reduces the chances of an accident.

Foremost boasts the cheapest average premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Foremost Insurance Group's average rates are around $648 less than Hanover Insurance. People who live in suburban areas pay about $555 less with Foremost compared to Hanover. Those in rural areas can expect to save around $545 with Foremost compared to Hanover.

Foremost vs. Hanover Discounts

No matter 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 you can, and the best way to do that is by taking advantage of as many insurance discounts as possible.

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

Luckily, we did the hard work for you and looked at all of the different discounts Foremost and Hanover offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

Hanover blows Foremost away when it comes to the sheer amount of discounts available, offering nine more discounts than Foremost.

Both carriers offer a lot of the same discounts -- like discounts for being a defensive driver, distant student discounts, and multi-policy discounts -- but Hanover also offers discounts for ABS, annual mileage, driver training, and more.

On the other hand, Foremost has a few proprietary discounts of their own for things like minor child discounts, multi-car/single driver discounts, paperless discounts, and more.

Final Thoughts: Is Foremost or Hanover Best for You?

So, we've broken down the average prices for many of the factors auto insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but at the end of the day, is Foremost or Hanover the right fit for you?

Foremost might be best for you if....

• Your driving record includes a DUI charge.
• Your home is located in the suburbs.
• You live in a rural neighborhood.

Hanover might be best for you if...

• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a better idea of the difference between Foremost and Hanover and that it aids in making a more informed decision about your insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on car insurance -- comparing quotes from several carriers, not just Foremost 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 the top insurance companies in your area, all in just a few minutes.

Foremost vs. Hanover FAQs

Is Foremost or Hanover cheaper?

Foremost is the more affordable of the two carriers when looking at national average rates, with policies averaging $270 a month with Foremost and $853 for Hanover. That being said, that doesn't mean Foremost will be the lowest carrier for each policyholder, since there are multiple different variables that come into play when it comes to your car insurance cost.

Who is better, Foremost or Hanover?

Unfortunately, the only answer we can give you is "it depends.". One company is not "better" for every policyholder -- it all boils down to your unique auto insurance profile. For example, Hanover is less expensive for drivers with excellent credit, while Foremost offers more affordable premiums for drivers with a recent DUI.

Why do Foremost and Hanover offer me different rates?

Car insurance companies use quite a few different factors when calculating the prices they charge. Things like where your home is, where you park your car, age, gender, and sometimes even things like your credit score can all come into play. Both Foremost and Hanover calculate premiums using different variables, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from many different carriers.

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

The only way to find the auto insurance company that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the lowest premium. And maybe you'll find that the best carrier for you isn't Foremost or Hanover at all, but another you hadn't even thought of!

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.