Best Cheap Car Insurance Quotes for Single Moms in Virginia

Our editors always tell us that when writing about car insurance, the words “affordable” or “cheap” should never be used anywhere in the article. Please forgive the oxymoron, but cheap auto insurance for single moms is pretty hard to find. But don’t let that discourage you, because there may be ways you can still find and buy auto insurance that is cheaper than what you are paying now.

The make and model of vehicle that is being insured is probably the most important factor when consumers are trying to find cheaper insurance for single moms. Vehicles with average performance, a great safety record, or a low likelihood of liability claims will cost quite a bit less to insure than adrenaline junky models. The list below outlines coverage rates for a number of the most budget-friendly vehicles to buy insurance for.

Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Price information does not factor in your specific Virginia location which can decrease or increase insurance rates considerably.

Looking at the data, we can tell that vehicles like the Honda Accord, Honda CR-V, and Ford Escape will definitely be the cheaper vehicles to insure for single parents.

Finding reliable, reasonably-priced insurance is challenging, and determining which companies have the cheapest auto insurance rates for single moms may require even more diligence. Each auto insurance company uses their own calculation for determining rates in each state, so let’s begin by examining the overall cheapest auto insurance companies in Virginia.

We do need to point out that Virginia auto insurance rates are calculated based on many things which can substantially decrease or increase the policy price. Events such as a birthday, buying a new vehicle, or having a fender bender can trigger rate changes resulting in some rates now being more expensive than competitors.

Best Insurance Companies for Single Moms

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Travelers may have some of the most affordable car insurance rates in Virginia at around $659 each year. USAA, Penn National, Cincinnati Insurance, and Utica National also qualify as some of the cheapest Virginia auto insurance companies.

In this example, if you are currently insured with Cincinnati Insurance and switched to USAA, you could see an annual premium reduction of about $39. Drivers with Utica National could save as much as $49 a year, and The Hartford customers might realize rate reductions of up to $61 a year.

To see if you’re overpaying, click here to get quotes or visit any of the companies below.

Understand that those policy prices are averaged for all types of drivers and the different vehicles they drive and and are not figured with a rate discount for single moms. So the auto insurance company that is most affordable for your situation may not even be in the rate chart shown above. That point stresses why you need to get car insurance quotes using your own driver and vehicle profiles.

When shopping for the cheapest insurance for single parents, one of the many criteria that is used by insurance companies to calculate the policy price is your address. Areas with more people or higher crime rates like Burke, Richmond, and Centreville tend to pay higher rates, whereas areas with less congestion generally have lower rates.

The information below displays the most expensive cities in Virginia for single moms to buy an auto insurance policy in.

Table data uses estimated as the specific zip code location can modify premium rates greatly.

Does full coverage make sense?

Finding the best cheap auto insurance for single moms in Virginia is important to the majority of vehicle owners, and one of the easiest ways to find cheaper insurance is to not buy full coverage. The information below illustrates the difference between insurance prices with and without full coverage. The rate quotes are based on no accidents, no driving violations, $100 deductibles, drivers are single, and no discounts are taken into consideration.

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If we average the cost for all age groups, physical damage coverage costs $1,481 per year more than just buying liability insurance. That may make you wonder if paying for full coverage is worth it. There is no written rule that is best for determining when to drop physical damage coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let’s pretend your vehicle’s claim settlement value is $10,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company would pay you is $9,000 after paying your policy deductible. If it’s costing you more than $900 annually to have full coverage, then you may need to consider dropping full coverage.

The example below illustrates how choosing a deductible can change yearly insurance costs when getting quotes for cheap insurance for single moms. The premiums are based on a married male driver, full coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2445,2219,1967,1729],[‘Age 30’, 1289,1171,1031,899],[‘Age 40’, 1237,1125,999,877],[‘Age 50’, 1129,1031,915,807],[‘Age 60’, 1107,1011,897,789],[‘Age 70’, 1261,1153,1035,919]]);var options = {title: ‘Deductible Levels and Insurance Cost in Virginia’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 30-year-old driver could pocket $238 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $360 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old example, can cut $716 or even more just by choosing larger deductibles. If you make the decision to raise deductibles, it will be required to have enough savings set aside to cover the extra out-of-pocket expense associated with higher deductibles.

Which major car insurance company is best?

When shopping around for car insurance, the companies that insure more vehicles than anyone else are Allstate, Geico, State Farm, and Progressive. When combined, they make up over 48% of all policies written. The following table breaks down some of the different options that are available.