Cheap Car Insurance For Single Moms






Single moms, in fact, all women, have it better than men do when it comes to car insurance rates. Insurance companies consider women safer drivers than men, and statistics back this up. According to the Insurance Institute for Highway Safety, accident statistics for males and females reveal interesting information that translates into cheaper insurance for women. Based on 2009 data, 70% of all traffic-related deaths were male. Over 90% of motorcycle deaths were male, as well as 87% of bicyclist deaths.

To be fair, however, statistics also show women log fewer miles on the road than men. But they also tend to practice safer driving habits, such as consistently wearing seat belts, driving posted speed limits, obeying traffic rules and not driving under the influence of drugs or alcohol. The good news for women, especially single moms, is that this all adds up to cheaper insurance rates.

Cars and Child Safety

The most precious cargo is your child, and single moms do double-duty in protecting their child since there is no partner to help. Buying a car with all the latest safety features protects your child and yourself, while paying off big-time when it comes to insurance premiums. Newer cars have enhanced safety features such as side impact airbags, reinforced roofs to protect occupants in rollover crashes and advanced seat belt and headrest technology. Every year, the Insurance Institute for Highway Safety ranks the safest cars, which are also the cheapest to insure. Many of the safest models are SUVs and minivans, including the Toyota Sienna, Ford Flex, Honda Element and Volkswagen Tiguan. The list includes over 60 different models, and it’s a great idea to check the list if you’re in the market for a new car — just type “top safety picks” and the year into your computer browser.

Discounts and Bundling

The first rule about insurance discounts — just ask! Like many things in life, you don’t get if you don’t ask. Insurance companies have numerous discounts to help drop the price of your coverage. Is your child a stellar student? Most insurance companies will give up to 25 percent discounts for students with a B-average or higher. If you drive without an accident for one year, you may be able to get a good driver 10% discount. Paying your insurance all at once is great if you can afford it, since you have now given yourself a discount by avoiding the finance charge. If you need any coverage such as homeowner’s or renter’s insurance, bundle it with your car insurance and save money. Adding more than one car onto a policy is another great way to bundle and save.

After exhausting all the discounts, see if you can pare down your coverage. Drop towing insurance, especially if you already have roadside assistance through AAA or another auto group. Drop the rental car insurance if you can borrow a car temporarily or know that you can get deals on car rentals. Moving closer to your job cuts your mileage, which cuts risk, which lowers insurance premiums. If you drive an older car, consider dropping comprehensive and collision coverage.

This will probably not work if you are still financing your car, since most lenders require both of these coverages. However, if you have paid off your car and it is worth less than 10x the amount of comprehensive and collision cost, consider dropping the coverage. Do make sure, though, that you have money set aside to pay for any damage to your vehicle. Oh, and one other thing — check your current deductibles and consider doubling them. This simple move can save you a substantial amount in monthly premiums.

Pay as You Drive

This type of coverage is new, and we can only hope that more insurance companies take up this trend. This may not help some moms who drive a lot, especially with more than one child and tons of sports and other activities. For those with a short commute, though, pay-as-you-drive insurance may provide huge cost savings. Progressive Insurance offers this type of coverage, and installs a tracking unit in your car. The tracking unit not only tracks mileage, but driving behavior as well. If you tend to speed, slam on the brakes a lot or have other erratic driving behaviors, this may actually work against you. The monitor transmits your mileage to Progressive Insurance once every six months, as part of pricing your new policy. One of our partners, GMAC Insurance, provides another option. GMAC is working with OnStar to provide a similar type of program. The benefit of the GMAC/OnStar program is that it only tracks mileage. The downside — this only works for cars that use the OnStar system.

Have Your Information Ready

They say knowledge is power, and that is definitely true when shopping for new car insurance. Find the declaration page, usually the first page of your current insurance policy, and have it with you while you are shopping around so you can compare features and prices. In order to get quotes, you also need to have your car’s make, model and year handy. You may also need to provide your Social Security number and driver’s license number. Know your current coverage and deductibles. With all this information ready, getting multiple quotes is easier. This is one of the fastest ways to get cheaper insurance.

Shop ‘Till You Drop

Life circumstances change. Maybe you have changed jobs and now have a shorter commute. Maybe a ticket or two has just dropped off your driving record, or maybe you are thinking of buying a new car. If circumstances change, heck, even if they haven’t — it’s a great idea to get new quotes every six months on new auto insurance. External economic factors also affect the cost of auto insurance, which might drop premiums, even if nothing has changed in your personal situation. CarInsurance.com maintains a list of average car insurance prices by state, by month. If the price trends for your state are headed downward, it’s time to get some new quotes.

These days, long phone conversations with pushy agents are not necessary as far as getting quotes is concerned. Use the Internet, and promise yourself you will get a minimum of three different quotes. Two easy ways to do this: go to Esurance.com and enter your information. Esurance.com sends your information to several different companies at once, and within about 10 minutes, you will receive quotes from several different insurance companies. Second, stop by ProgressiveInsurance.com and request a quote. Progressive will provide quote comparisons from its competitors when it delivers your quote, and the best part is all of these quotes are provided free.


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