The vehicle model you are insuring is a large consideration when shopping around for the best cheap auto insurance for single moms. Vehicles with high performance engines, a lack of modern safety features, or an increased likelihood of liability claims will cost substantially more to insure than more modest models. The next list illustrates car insurance prices for a number of the most cost-effective vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$1,305|
|Hyundai Elantra GLS Touring Station Wagon||$1,464|
|Ford Explorer Limited AWD||$1,535|
|Honda CR-V LX 2WD||$1,566|
|Honda Accord EX-L 4-Dr Sedan||$1,584|
|Jeep Grand Cherokee Limited 2WD||$1,615|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,646|
|Chevrolet Impala LS||$1,694|
|Ford Edge Limited 2WD||$1,701|
|Ford Focus SES 2-Dr Coupe||$1,697|
|Kia Optima SX||$1,725|
|Toyota RAV4 Sport 4WD||$1,734|
|Dodge Ram 2500 Crew Cab ST 4WD||$1,756|
|Chevrolet Malibu LT||$1,758|
|Dodge Grand Caravan SXT||$1,763|
|Ford F-150 Lariat Crew Cab 4WD||$1,758|
|Toyota Corolla S||$1,817|
|Honda Odyssey EX-L W/Navigation||$1,825|
|Toyota Tacoma X-Runner 2WD||$1,817|
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can lower or raise price quotes substantially.
Looking at the numbers, cars like the Ford Escape, Hyundai Elantra, Ford Explorer, and Honda CR-V should be the most economical vehicles to insure for single parents.
For single parents, one of the largest things that determine car insurance rates is where you keep your vehicle. Larger areas are more likely to pay higher prices, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.
The next table lists the most expensive areas in Texas for single moms to purchase a policy in. Laredo makes the list at #6 with the annual price of $1,833 for car insurance, which is about $153 each month.
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Annual rates are approximated as the specific area where the vehicle is garaged can influence rates substantially.
The example below highlights how deductible selection can change yearly insurance costs when getting quotes for cheap insurance for single moms. The costs are based on a single female driver, full coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could pocket $362 a year by switching from a $100 deductible to a $500 deductible, or save $546 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old example, could lower their rates $920 every year just by choosing larger deductibles.
If you do raise deductibles, it will be required to have enough in a savings account to satisfy the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Full coverage versus liability only rates
Saving money on insurance should be important to most drivers, and one way to save on the cost of insurance for single moms is to not pay for full coverage. The diagram below illustrates the difference between premium costs with full physical damage coverage compared to only buying liability only. The premiums are based on no claims, a clean driving record, $500 deductibles, single status, and no discounts are applied.
On average, physical damage insurance costs $2,431 per year over having just liability coverage. A very common question is if it’s worth it to buy full coverage. There is no written rule to eliminate comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your vehicle’s replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after paying your policy deductible. If you are currently paying more than $800 annually for comprehensive and collision coverage, then it might be time to buy liability only.
Finding a good quality auto insurance provider can be challenging considering how many different companies sell coverage in Laredo. The rank data listed below can help you analyze which companies to look at when comparing auto insurance rates for single moms.
These rankings are for major nationwide insurance companies, so smaller companies are not taken into consideration for these rankings. If you would like to check rates from these and other top-rated companies, click here.
Top 10 Large Auto Insurers Overall in Laredo
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Large Auto Insurers in Laredo Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
The agents listed below can probably provide answers to your questions and help you determine which insurance coverage you need, since lots of people like to have professional advice when trying to find the best insurance rates for single moms. It can be hard to find the cheapest rate yourself, and getting advice from a licensed agent can add comfort knowing you have adequate protection.
To locate a Laredo car insurance agency using an interactive map, click the link after the list.
3515 N Arkansas Ave #107 – Laredo, TX 78043 – (956) 796-1115
Cubriel Insurance LLC
1808 Commerce Dr – Laredo, TX 78041 – (956) 568-5290
1315 San Dario Ave – Laredo, TX 78040 – (956) 724-2110