The vehicle model needing coverage is one of the biggest factors that determines whether or not you can buy the most economical auto insurance for single moms. Vehicles with lower acceleration and performance, a great safety record, or low incidents of liability claims will cost less to insure than higher performance models.
The next list features auto insurance prices for a handful of the cheaper automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$1,103|
|Chevrolet Impala LS||$1,252|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,301|
|Dodge Grand Caravan Crew||$1,307|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,301|
|Ford Focus SEL 4-Dr Sedan||$1,318|
|Ford Escape XLS 2WD||$1,322|
|Kia Optima LX||$1,367|
|Ford Fusion SEL 4-Dr Sedan||$1,374|
|Jeep Wrangler Unlimited Rubicon 4WD 4-Dr||$1,410|
|Hyundai Sonata SE 4-Dr Sedan||$1,433|
|Honda Accord EX 2-Dr Coupe||$1,438|
|Toyota RAV4 Sport 4WD||$1,461|
|Toyota Camry LE||$1,468|
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in vehicle garaging location which can affect premiums significantly.
Based upon the table data, cars like the Honda CR-V, Toyota Prius, Chevrolet Impala, Ford F-150, and Dodge Grand Caravan will be a few of the most economical vehicles to insure for single parents.
One of the more important factors that help determine the cost of insurance is your address in Greensboro. Areas with more people or higher crime rates are more likely to pay higher prices, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The illustration below sorts the most expensive cities in North Carolina for single moms in which to buy car insurance. Greensboro is listed at #9 with a yearly premium of $763 for the average policy, which is approximately $64 per month.
|Rank||City||Average Per Year|
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Annual rates are comparative as specific Greensboro garaging address can influence insurance rates greatly.
Discounts on Greensboro auto insurance rates
Insurance companies that offer quotes for single moms may provide premium discounts that could lower prices by 35% or more if you meet certain criteria. Large car insurance companies and their offered discounts are detailed below.
- Mercury Insurance has discounts for good driver, location of vehicle, good student, annual mileage, accident-free, low natural disaster claims, and age of vehicle.
- Farmers Insurance offers discounts for electronic funds transfer, switch companies, alternative fuel, business and professional, teen driver, and youthful driver.
- Farm Bureau offers premium reductions for youthful driver, good student, driver training, multi-vehicle, and 55 and retired.
- State Farm may include discounts for driver’s education, anti-theft, passive restraint, good driver, and Steer Clear safe driver discount.
- Allstate discounts include auto/life discount, utility vehicle, EZ pay plan discount, good student, and passive restraint.
- GEICO may offer discounts for multi-policy, anti-lock brakes, military active duty, membership and employees, five-year accident-free, seat belt use, and daytime running lights.
The chart below compares auto insurance rates with and without discounts. The costs are based on a female driver, no claims, a clean driving record, North Carolina state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with anti-theft, multiple vehicle, multiple policy, homeowner, defensive driving course, and safe-driver discounts applied. With discounts applied, the average savings per year on car insurance for single moms is 28% or $278.
Ratings for North Carolina car insurance companies
Insuring your vehicle with a good quality insurance company is difficult considering how many different companies sell coverage in Greensboro. The ranking information in the next section can help you decide which car insurance providers you want to consider comparing rate quotes with.
These ratings are for companies with a national presence, so companies without a large exposure are not included in the list. To check rates from these top insurers and more, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Responsible drivers pay cheaper car insurance rates
The obvious way to find the best car insurance rates for single parents is to drive safe and avoid traffic citations and accidents. The illustration below illustrates how traffic citations and at-fault collisions can influence car insurance rates for different age groups. The premiums are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no additional discounts are factored in.
In the chart above, the average cost of a car insurance policy in North Carolina per year with a clean driving record and no accidents is $1,496. Factor in two speeding tickets and the average cost hikes up to $2,063, an increase of $568 each year. Now throw in two accidents along with the two speeding tickets and the 12-month cost of car insurance for single moms goes up to an average of $4,181. That’s an increase of $2,686, or $224 per month, just for not being attentive to the road!
If you have coverage questions and would like to get some professional advice when shopping around for cheaper insurance for single parents, the professional agents shown below can provide answers to your questions and help you determine which auto insurance coverages would be the best in your situation.
To find an auto insurance agency nearest to you, click the link at the bottom.
Nationwide Insurance: Joe Fowler
408 Wendover Ave E – Greensboro, NC 27401 – (336) 299-7447
Nationwide Insurance: Multiple Line Ins Agency Inc
1919 Boulevard St d – Greensboro, NC 27407 – (336) 299-8877
1211 E Bessemer Ave – Greensboro, NC 27405 – (336) 274-1211
Drew Baker – State Farm Insurance Agent
608 Pisgah Church Rd – Greensboro, NC 27455 – (336) 288-8802
Ideas to find budget-friendly auto insurance for single moms
It’s not impossible to find cheaper rates, and here are some of the better penny-pinching ideas that can help you find lower-cost coverage.
- Buy your homeowners policy from the same company as your auto insurance
- Vehicles with good safety ratings are usually cheaper to insure
- Older vehicles may not need full coverage
- Remain accident-free and save
- Increase your credit score
- Check for cheaper rates once a year
The last suggestion is extremely necessary, as was discussed in the prior article. Auto insurance prices adjust frequently, so don’t be unwilling to switch companies if a better deal can be had.
Loyalty to a specific company is fine, but we do not recommend it if that stubbornness costs you potentially thousands of dollars a year. In less than five minutes you could compare prices and find cheaper car insurance for single moms in Greensboro.