Cheap Auto Insurance for Single Moms in Louisiana

It’s impossible to miss the ads from companies like Liberty Mutual and Allstate that promise enormous savings. So you should just choose one randomly, right?

It’s just not that simple, as there are a ton of unknown elements such as the safety ratings of your vehicle, the area where you live, what liability limits you need, and the number of years of driving experience you have, that all have an effect on the price. This article should teach you a little about the best ways to avoid overpriced car insurance and also should give you a good start in finding the cheapest car insurance in Louisiana.

Buying reasonably-priced auto insurance is hard enough, and determining which companies quote the lowest-priced insurance rates for single moms will involve even more diligence. Every insurance provider uses their own calculation for setting prices, so we need to take a look at the most affordable insurance companies in Louisiana.

It’s important to know that Louisiana insurance rates are determined by lots of factors that will increase or decrease the price of your policy. This is why it is important to compare rates to get the most budget-friendly insurance quotes for single moms. Auto insurance prices are determined by many factors and can change substantially, so the most economical company a year ago may now cost much more than other companies.

Lowest Insurance Price Quotes for Single Moms

Compare Rates and Save

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USAA may offer some of the cheapest car insurance rates in Louisiana at around $1,626 annually. MetLife, GEICO, Progressive, and Southern Farm Bureau would also make the list of some of the lowest-priced Louisiana auto insurance companies.

As shown above, if you currently have coverage with Progressive and switched to MetLife, you might achieve a yearly savings of in the neighborhood of $113. Policyholders with Southern Farm Bureau may save as much as $289 a year, and Safeway insureds might realize rate reductions of up to $328 a year.

These policy rates are averages across all types of drivers and the different vehicles they drive and do not take into consideration a rate discount for single moms. So the car insurance company that has the cheapest price for you may not even be featured in the company chart above. That point stresses why you need to quote rates from many companies using your own driver information and specific vehicle type.

When buying insurance for single parents, one of the key things that insurance companies use to calculate the amount you pay for auto insurance is where you keep your vehicle. Areas with more people or even just a higher incidence of claims like New Orleans, Harvey, and Kenner tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.

The next table illustrates the higher priced cities in Louisiana for single moms to buy car insurance in.

Rate quotes are estimated as the specific geographic location can decrease or increase price quotes greatly.

The vehicle requiring coverage is one of the largest factors when comparing the most economical car insurance for single moms. Vehicles with more horsepower, poor passenger safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models. The next table features coverage rates for some of the most budget-friendly vehicles to insure in Louisiana.

Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can affect rates considerably.

Based upon these rates, we can presume that models like the Ford Escape, Hyundai Elantra, Toyota Prius, and Dodge Grand Caravan are likely to be the most economical vehicles to insure for single parents.

Cost of full coverage

Finding cheap auto insurance for single moms in Louisiana is the goal of most people, and one of the fastest ways to buy cheaper insurance is to not pay for full coverage. The illustration below shows the difference between insurance rates with and without full coverage. The premiums are based on no violations or claims, $100 deductibles, single marital status, and no discounts are factored in.

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If we average the cost for all age groups, full coverage on your policy costs an extra $2,957 per year over having just liability coverage. At some point, every insured wonders when is it safe to stop buying full coverage. There is no clear-cut rule of when to exclude physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

There are a few cases where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

How to find budget-friendly auto insurance for single moms

Below you’ll find some of the better thrifty solutions that can help Louisiana drivers find cheaper car insurance.

• Pay lower rates with good credit
• Buy a vehicle with excellent safety ratings
• Do not get into accidents that are your fault
• Just one traffic violation will increase your rates
• Try paying for small claims out-of-pocket
• Shop around for cheaper prices often

The last item on the list is incredibly crucial, as we noted in this article. Insurance prices go up and down frequently, so drivers shouldn’t be reluctant to buy a different policy if a lower price can be found.

We understand brand loyalty, but we do not recommend it if that stubbornness costs you major coinage every year. In just a few minutes you could compare prices to find cheaper car insurance for single moms.