The words “economical” and “auto insurance” really shouldn’t be used in the same sentence, in particular when you are searching for the best insurance rates for single moms. Let’s get started by showing you a few of the things that significantly impact car insurance rates, and figure out some ideas to lower the price of the next policy you buy.
The make and model of vehicle that needs insurance is one of the largest factors when comparison shopping for the most economical auto insurance for single moms. Vehicles with lots of horsepower, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models. The information below outlines auto insurance prices for a selection of the cheaper automobiles to insure in California.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Explorer XLT 4WD | $1,143 |
| Honda CR-V EX 4WD | $1,196 |
| Ford F-150 Lariat Crew Cab 2WD | $1,230 |
| Ford Escape XLS 4WD | $1,251 |
| Honda Accord EX 4-Dr Sedan | $1,256 |
| Toyota Corolla LE | $1,269 |
| Ford Edge Limited AWD | $1,279 |
| Chevrolet Impala LTZ | $1,269 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,277 |
| GMC Sierra SLE Crew Cab 4WD | $1,292 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $1,354 |
| Volkswagen Jetta 2.0T Station Wagon | $1,366 |
| Kia Optima SX | $1,377 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,384 |
| Chevrolet Equinox LT AWD | $1,392 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate quotes do not factor in specific zip code location which can affect insurance rates significantly.
Based upon the rates shown, you can see that cars like the Ford Explorer, Honda CR-V, Ford F-150, and Ford Escape are going to be a few of the most affordable vehicles to insure for single parents.
Deciphering which company quotes the best car insurance rates for single moms takes a little more work in order to find coverage that fits your budget. Each auto insurance company uses a different method for establishing rates, so let’s take a look at the most budget-friendly car insurance companies in Fresno.
It’s important that you understand Fresno, CA car insurance rates are calculated based on many things that will increase or decrease the cost of having a policy. Improving your credit score, having a claim, or getting a speeding ticket can produce rate changes resulting in some companies being more affordable than competitors.
Cheapest Insurance Rates for Single Moms
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,121 |
| 2 | Wawanesa | $1,146 |
| 3 | Century National | $1,178 |
| 4 | CSAA | $1,234 |
| 5 | Nationwide | $1,250 |
| 6 | 21st Century | $1,338 |
| 7 | Grange | $1,433 |
| 8 | Mercury | $1,488 |
| 9 | GEICO | $1,529 |
| 10 | Allied | $1,541 |
| 11 | Progressive | $1,542 |
| 12 | Allstate | $1,543 |
| 13 | The Hartford | $1,591 |
| 14 | MetLife | $1,638 |
| 15 | Esurance | $1,688 |
| 16 | State Farm | $1,733 |
| 17 | Unitrin | $1,750 |
| 18 | Bristol West | $1,849 |
| 19 | Travelers | $1,860 |
| 20 | Farmers | $2,026 |
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USAA quotes some of the lowest car insurance rates in Fresno at around $1,121 per year. Wawanesa, Century National, CSAA, and Nationwide also make the cut as some of the cheaper Fresno, CA auto insurance companies.
In this example, if you are a customer of Wawanesa and switched to USAA, you might realize yearly savings of approximately $25. Customers with Century National might save as much as $57 a year, and CSAA customers might see rate reductions of $113 a year.
To see if your current coverage is too expensive, click here to start your free quote or visit any of the companies below.
It’s important to note that these prices are averaged across all types of insureds and vehicles and and are not calculated with a vehicle location for single moms. So the auto insurance company that is best suited for you may not even be in the top 24 companies in the list above. That is why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
Full coverage versus liability only rates
Saving money when shopping for car insurance should be important to the majority of vehicle owners, and one common way to find cheaper insurance for single moms is to not buy full coverage. The information below compares car insurance costs with full coverage compared to only the California minimum liability coverage. The rates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
If averaged for all ages, full coverage on your policy costs $2,772 per year over liability only. At some point, every insured wonders if full coverage is worth the money. There is no exact formula to stop paying for physical damage coverage, but there is a general convention. If the annual cost of coverage is 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s replacement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $6,500 after paying your deductible. If it’s costing you more than $650 a year to have full coverage, then it’s probably a good time to buy liability coverage only.
Poor driving habits will raise your car insurance rates
The obvious way to get the cheapest car insurance rates in California for single parents is to be a careful driver and not get tickets or have accidents. The example below demonstrates how citations and at-fault collisions can increase annual premium costs for different categories of driver ages. The prices are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.
The chart shows that the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,157. Receive two speeding tickets and the average cost hikes up to $2,986, an increase of $829 each year. Now add two accidents along with the two speeding tickets and the annual cost of car insurance for single moms goes up to an average of $5,924. That’s an increase of $3,767, or $314 per month, just for not being more responsible behind the wheel!
How to find budget-friendly auto insurance for single moms
It is possible to find better rates, and here are some of the better thrifty suggestions that can help Fresno drivers quote low-cost coverage.
- Do not get traffic citations
- Maintain a safe distance and avoid accidents
- Maintaining good credit helps earn cheaper rates
- Raise your physical damage coverage deductibles
- Vehicles with good safety ratings have lower liability rates
- Compare prices frequently to find the best deal
The final tip is certainly crucial, as was stressed in this article. Rates can be modified anytime, so don’t be afraid to change insurance companies if a better deal can be had. Brand loyalty is great, but is isn’t recommended if that loyalty ends up costing thousands of dollars over several years. Now is a great time to shop around to find cheaper insurance for single moms in Fresno.