The words “low-priced” and “insurance” really should not be used together, especially when searching for the cheapest coverage for single moms. In an attempt to save some money, let’s teach you some of the factors that have a considerable impact on insurance prices, and find some ways to take the sting out of your next policy.
The type of vehicle driven is a large consideration when comparing quotes for affordable auto insurance for single moms. Vehicles with lower performance, modern passenger safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than adrenaline junky models. The next table ranks coverage costs for a number of the most cost-effective automobiles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Toyota Tacoma 2WD | $1,377 |
| Ford Focus S 4-Dr Sedan | $1,383 |
| Honda Odyssey EX | $1,377 |
| Honda CR-V EX-L 4WD | $1,389 |
| Toyota RAV4 Limited 4WD | $1,404 |
| Dodge Grand Caravan Hero | $1,411 |
| Hyundai Elantra SE 4-Dr Sedan | $1,476 |
| Ford Edge Sport 2WD | $1,483 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,476 |
| Ford Escape Limited 2WD | $1,488 |
| Toyota Prius | $1,503 |
| Nissan Rogue SL 2WD | $1,508 |
| Chevrolet Silverado LT Extended Cab 2WD | $1,513 |
| Honda Accord EX-L 4-Dr Sedan | $1,580 |
| Chevrolet Equinox LS 2WD | $1,609 |
| Dodge Ram Quad Cab Sport 2WD | $1,634 |
| Ford Explorer Limited 2WD | $1,639 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,666 |
| Ford F-150 STX Super Cab 4WD | $1,672 |
| Chevrolet Impala LTZ | $1,694 |
| Ford F-250 XL Cabela Package 4WD | $1,698 |
| GMC Sierra 2500HD SLT Crew Cab 2WD | $1,708 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,721 |
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rate quotes do not factor in Houston, TX location which can lower or raise coverage rates greatly.
Based upon the rates shown, we can assume that models like the Toyota Tacoma, Ford Focus, and Honda Odyssey will definitely be a few of the most economical vehicles to insure for single parents.
One of the many components that are looked at to determine the cost of insurance is where you normally keep your vehicle. Regions with larger populations or more claims tend to have more expensive car insurance rates, whereas more rural areas have the benefit of cheaper car insurance.
The information below rates the highest-priced areas in Texas for single moms in which to purchase auto insurance. Houston makes the list at #3 with an annual premium of $1,909 for coverage, which is about $159 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | McAllen | $1,936 |
| 2 | Brownsville | $1,927 |
| 3 | Houston | $1,909 |
| 4 | Dallas | $1,855 |
| 5 | Amarillo | $1,840 |
| 6 | Laredo | $1,833 |
| 7 | Garland | $1,832 |
| 8 | Mesquite | $1,825 |
| 9 | Pasadena | $1,812 |
| 10 | Grand Prairie | $1,811 |
| 11 | Beaumont | $1,754 |
| 12 | Irving | $1,736 |
| 13 | San Antonio | $1,722 |
| 14 | Arlington | $1,692 |
| 15 | Lubbock | $1,682 |
| 16 | Austin | $1,676 |
| 17 | Carrollton | $1,647 |
| 18 | Corpus Christi | $1,636 |
| 19 | Fort Worth | $1,604 |
| 20 | Waco | $1,584 |
| 21 | Plano | $1,576 |
| 22 | El Paso | $1,568 |
| 23 | McKinney | $1,561 |
| 24 | Killeen | $1,533 |
| 25 | Abilene | $1,499 |
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Prices are comparative as specific Houston garaging address can modify insurance rates greatly.
Deciphering which company offers the lowest-priced insurance rates for single moms takes a bit more work than just comparing rates from one or two companies.
Each insurance company used slightly different criteria to set policy rates, so let’s take a look at the insurance companies with the overall cheapest rates in Houston, TX. Keep in mind that Houston insurance rates are determined by lots of factors which can substantially change the price you have to pay. Simply having another birthday, increasing deductibles, or getting a speeding ticket can produce rate changes that can cause some rates to be cheaper than before.
Cheapest Insurance Rates for Single Moms
Travelers quotes some of the cheapest car insurance rates in Houston at around $1,021 annually. This is $883 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance would also make the list of some of the cheaper Houston, TX insurance companies.
As the example above demonstrates, if you buy coverage from Germania Mutual and switched to USAA, you could realize an annual savings of upwards of $116. Texas drivers with Esurance could save as much as $237 a year, and California Casualty customers might cut rates by $268 a year.
It’s important to note that these policy prices are averaged across all drivers and vehicles and do not factor in an exact vehicle garaging location for single moms. So the company that can offer you the best rate may not even be in the top 23 companies shown above. That affirms the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.
Full coverage rates vs. liability-only
Finding cheaper insurance is the goal of the majority of drivers, and one way to buy cheaper insurance for single moms is to only buy liability insurance. The chart below shows the comparison of insurance rates when comparing full coverage to liability only. Data assumes no claims or driving violations, $500 deductibles, single status, and no additional discounts are factored in.
As an average, full coverage on your policy costs $1,793 per year more than carrying just liability coverage. That touches on the question when is it a good idea to stop buying full coverage. There is no definitive rule of when to drop physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
Picking a good quality auto insurance provider can be rather challenging considering how many different insurance companies sell coverage in Texas. The company information displayed below may help you pick which coverage providers you want to consider putting your business with. The rankings below only include the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not included in the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
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Data Source: Insure.com Best Car Insurance Companies
The example below illustrates how choosing a deductible can change annual premium costs when trying to find cheap insurance for single moms. The premiums assume a single female driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 30-year-old driver could save $344 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $520 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save $766 annually by choosing larger deductibles on their policy. If you do decide to increase your deductibles, it is necessary to have spare funds to satisfy the extra out-of-pocket expense associated with higher deductibles.