The words “low-cost” and “insurance” probably shouldn’t be used together, specifically when comparison shopping for the best car insurance rates for single moms. Because it’s not cheap, let’s lead off by showing you some situations that have a considerable impact on car insurance premiums, and find out if you can shave a little off the next policy you buy.
The vehicle needing coverage is one of the largest considerations when trying to find the most affordable car insurance for single moms. Vehicles with high performance features, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than more economical and safe models.
The next table presents coverage costs for some of the most economical vehicles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,201 |
| Honda CR-V EX-L 2WD | $1,229 |
| Ford Escape Limited 2WD | $1,236 |
| Ford Focus S 4-Dr Sedan | $1,393 |
| Chevrolet Malibu LS | $1,420 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,426 |
| Ford Explorer Eddie Bauer 4WD | $1,448 |
| Ford Edge Sport AWD | $1,495 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,522 |
| GMC Sierra SLE Extended Cab 4WD | $1,529 |
| Honda Civic Hybrid 4-Dr Sedan | $1,522 |
| Jeep Grand Cherokee SRT-8 4WD | $1,531 |
| Nissan Rogue SL 2WD | $1,522 |
| Start Your Quote Go | |
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and North Carolina minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in vehicle location which can impact prices considerably.
Looking at the data, we can tell that makes and models like the Hyundai Elantra, Honda CR-V, and Ford Escape should be a few of the less-costly vehicles to insure for single parents.
For single parents, one of the largest components that are looked at to determine the cost of insurance is where you keep your vehicle. Areas with increased crime or more people tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The illustration below lists the most expensive areas in North Carolina for single moms to purchase auto insurance in. Charlotte is ranked at #3 with an annual rate of $832 for the average policyholder, which is around $69 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Fayetteville | $923 |
| 2 | Jacksonville | $891 |
| 3 | Charlotte | $832 |
| 4 | Gastonia | $811 |
| 5 | Wilmington | $788 |
| 6 | Greensboro | $786 |
| 7 | Goldsboro | $765 |
| 8 | Durham | $765 |
| 9 | Cary | $749 |
| 10 | Apex | $747 |
| 11 | High Point | $745 |
| 12 | Greenville | $738 |
| 13 | Raleigh | $737 |
| 14 | Huntersville | $734 |
| 15 | Hickory | $732 |
| 16 | Wilson | $724 |
| 17 | Chapel Hill | $724 |
| 18 | Indian Trail | $723 |
| 19 | Rocky Mount | $718 |
| 20 | Kannapolis | $697 |
| 21 | Concord | $697 |
| 22 | Winston Salem | $695 |
| 23 | Salisbury | $691 |
| 24 | Burlington | $678 |
| 25 | Asheville | $661 |
| Find the Best Rates Go | ||
Premium costs are comparative as specific location information can modify coverage rates noticeably.
Deciding which companies quote the most affordable car insurance rates for single moms will require a little more work in order to find coverage that fits your budget.
Every auto insurer has their own unique process to set their prices, so let’s take a look at the car insurance companies with the most affordable rates in North Carolina. It’s important that readers know that Charlotte car insurance rates are based on many factors which can substantially change the price you pay. Simply improving your credit, moving across town, or getting a DUI can trigger changes in premium that may make certain companies cheaper than others.
Find the Cheapest Car Insurance for Single Moms
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Progressive | $639 |
| 2 | Utica National | $643 |
| 3 | NC Farm Bureau | $716 |
| 4 | Penn National | $717 |
| 5 | Liberty Mutual | $721 |
| 6 | Titan | $729 |
| 7 | GEICO | $742 |
| 8 | State Farm | $749 |
| 9 | Auto-Owners | $844 |
| 10 | National General | $908 |
| 11 | Allied | $928 |
| 12 | Erie | $931 |
| 13 | Travelers | $936 |
| 14 | Peerless | $992 |
| 15 | Nationwide | $1,001 |
| 16 | MetLife | $1,018 |
| 17 | Unitrin | $1,032 |
| 18 | Encompass | $1,041 |
| 19 | Allstate | $1,064 |
| 20 | Safeco | $1,076 |
| Find Your Rate Go | ||
Progressive may offer some of the most affordable car insurance rates in Charlotte at around $639 a year. Utica National, NC Farm Bureau, Penn National, and Liberty Mutual would also make the list of some of the cheaper Charlotte, NC insurance companies.
As the example above demonstrates, if you are a policyholder with Utica National and switched to Progressive, you may see yearly savings of in the neighborhood of $4. Policyholders with NC Farm Bureau may save as much as $77 a year, and Penn National insureds might reduce prices by as much as $78 a year.
To compare your rates to other North Carolina insurance companies, click here to get a free quote or click several companies below for low rates.
It’s important to note that these premium estimates are averages for all types of insureds and vehicles and and are not calculated with an exact zip code location for single moms. So the insurer that can offer you the best price may not even be in the top 20 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver and vehicle profiles.
Get discount Charlotte insurance rates
Insurance companies that offer cheap quotes for single moms may also offer premium discounts that could potentially reduce rates by 30% or more if you are eligible for them. A few popular companies and their offered discounts include:
- Mercury Insurance has savings for anti-theft, annual mileage, location of vehicle, professional/association, type of vehicle, multi-car, and multi-policy.
- Farmers Insurance may offer discounts for multi-car, early shopping, distant student, business and professional, and youthful driver.
- Farm Bureau offers discounts including multi-policy, youthful driver, 55 and retired, driver training, multi-vehicle, and renewal discount.
- State Farm has discounts for Drive Safe & Save, accident-free, passive restraint, good student, and defensive driving training.
- Allstate offers discounts for good student, premier plus, FullPay discount, auto/life discount, and multi-policy.
- GEICO offers premium reductions for anti-lock brakes, membership and employees, air bags, military active duty, and federal employee.
The example below shows the comparison of auto insurance costs with and without discounts applied. The price estimates are based on a male driver, no violations or accidents, North Carolina state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple vehicle, homeowner, passive restraint, accident-free, safe-driver, and anti-theft discounts applied. With discounts applied, theamount saved on car insurance for single moms is 27% or $355.
How careless driving impacts car insurance rates
The recommended way to maintain low car insurance prices in Charlotte for single parents is to be a good driver and avoid at-fault accidents and violations. The diagram below shows how speeding tickets and accidents influence insurance rates for each age group. The premiums are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.
The chart shows that the average cost of auto insurance in Charlotte per year with no accidents and a clean driving record is $1,189. Receive one speeding ticket and the average cost jumps to $1,369, an increase of $180 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of car insurance for single moms jumps again to an average of $1,872. That’s an increase of $683, or $57 per month, just for not maintaining a clean driving record!
The importance of shopping around
Charlotte, NC car insurance rates are impacted by many factors which can substantially change the cost of your policy. Simply turning a year older, buying a home instead of renting, or getting a driving violation can trigger changes in premium that may make certain companies more affordable than competitors. Additionally, companies amend premium rates every year to reflect underwriting profits or losses. Higher than normal claim frequency or severity can result in higher rates, while long-term profits may produce cheaper Charlotte car insurance rates.
To illustrate this point, the data below shows the companies that have the cheapest car insurance in Charlotte, NC for a 35-year-old female driver with a clean driving record, no accidents, and a good credit rating. If we compare prices based on her personal risk profile, Utica National has the cheapest car insurance rates in Charlotte at $799 annually. This is $73 less than the average price paid by North Carolina drivers of $872. Progressive, NC Farm Bureau, Liberty Mutual, and Penn National are the rest of the cheapest Charlotte, NC auto insurance companies.
The next chart shows rates after we give the driver from the first example an accident surcharge, poor credit, and a couple of points charged on her driving record. Since every insurance provider has a unique approach for determining rates, comparing insurance quotes may result in a different ranking of cheap Charlotte auto insurance companies as shown below.
Titan now has the cheapest price in Charlotte with State Farm, Auto-Owners, Allied, and Progressive now rounding out the top five. This demonstrates why it is so important to perform a complete rate comparison to find the cheapest insurance rates for single moms.
Rates can be altered by many things and can change substantially, so the most economical option six months ago may now be quite expensive.
How to find budget-friendly insurance for single moms
The list below shows some of the recommended thrifty suggestions that can help North Carolina drivers quote more affordable car insurance.
- Raise comprehensive and collision coverage deductibles
- Bundle home and auto and save
- Clean up your credit rating
- Save money by insuring older vehicles for liability only
- Earn discounts for being claim-free
- Safe vehicles generally have lower rates
- Compare rate quotes often
The last tip in the list is extraordinarily necessary, as we hit on in the prior article. Prices charged by auto insurers can change considerably based on profitability, so don’t hesitate to buy a different policy if you find a cheaper price.
Having brand loyalty is commendable, but is isn’t recommended if that dedication is costing a considerable chunk of change every month. Now is a great time to compare rates to find cheaper car insurance for single moms in Charlotte.
The agents below can probably answer your questions and help you decide which car insurance policy is best, since lots of drivers aren’t clear which coverage they need and would like to have some advice when shopping for cheaper insurance for single moms. It’s not always simple to find the best rates on your own, and getting advice from a licensed North Carolina insurance agent can give comfort knowing your coverage gives you adequate protection in case of an accident or claim.
To find a Charlotte insurance agency close to you, click the button following the list or click here to compare price quotes now.
- Craig and Preston Insurance Agency
2210 Coronation Blvd Suite A – Charlotte, NC 28227 – (704) 321-2900 - George Pettice – State Farm Insurance Agent
820 Tyvola Rd #103 – Charlotte, NC 28217 – (704) 523-1717 - Nationwide Insurance – William Laurie Agency
8820 University E Dr Ste B – Charlotte, NC 28213 – (704) 945-2331 - Juan Rubio – State Farm Insurance Agent
9401 Statesville Rd Ste E – Charlotte, NC 28269 – (704) 509-5854