The make and model of vehicle you are trying to insure is probably the biggest factor that determines if you can find the most economical auto insurance for single moms. Vehicles with more horsepower, a lack of modern safety features, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models.
The table below estimates car insurance prices for a selection of the most cost-effective automobiles to insure in Nevada.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$675|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$795|
|Chevrolet Malibu LT||$803|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$795|
|Ford Escape XLS 4WD||$810|
|Hyundai Elantra SE Touring Station Wagon||$821|
|Honda Odyssey EX-L W/Rear Entertainment||$827|
|Toyota Corolla XLE||$821|
|Jeep Grand Cherokee SRT-8 4WD||$835|
|Nissan Altima 3.5 SR 4-Dr Sedan||$844|
|Nissan Rogue S AWD||$839|
|Honda Civic EX-L 4-Dr Sedan||$861|
|Honda Accord LX-S 2-Dr Coupe||$880|
|Chevrolet Silverado LT Extended Cab 4WD||$896|
|Dodge Grand Caravan CV||$907|
|Ford F-150 XLT Super Cab 2WD||$913|
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Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific Nevada garaging location which can affect premium rates considerably.
Looking at the data, you can infer that cars like the Honda CR-V, Toyota Tacoma, Chevrolet Malibu, and Jeep Wrangler are likely to be some of the cheaper vehicles to insure for single parents.
For single parents, one of the largest criteria that are looked at to determine the amount you pay each year for auto insurance is where your car is garaged. Areas with increased crime or more people like Winchester, Paradise, and Las Vegas tend to have higher rates, whereas areas with lower crime rates and fewer weather claims receive better rates.
The information below rates the most costly cities in Nevada for single moms to buy auto insurance in.
|7||North Las Vegas||$1,844|
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Price information shown is estimated as the specific zip code location can increase or decrease price quotes significantly.
Poor driving habits will raise your insurance rates
The common sense way to maintain the most affordable insurance prices in Nevada for single parents is to drive safely and avoid at-fault accidents and violations. The example below demonstrates how speeding tickets and accidents can raise insurance rates for each age group. The rates are based on a married female driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the previous chart, the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,697. Add in two speeding tickets and the average cost surges to $2,413, an increase of $716 each year. Then throw in one accident along with the two speeding tickets and the 12-month cost of insurance for single moms in Nevada jumps again to an average of $3,136. That's an increase of $1,439, or $120 per month, just for not paying attention while driving!
Types of discounts on Nevada insurance rates
Auto insurance companies that offer cheap quotes for single moms may have special discounts that could lower prices by as much as 40% or more if you meet eligibility requirements. Popular insurance companies and their possible discounts are shown below.
- Farmers Insurance discounts include electronic funds transfer, mature driver, business and professional, youthful driver, bundle discounts, and multi-car.
- State Farm has discounts for Steer Clear safe driver discount, accident-free, multiple autos, safe vehicle, good driver, defensive driving training, and Drive Safe & Save.
- Liberty Mutual offers premium reductions for newly retired, hybrid vehicle, newly married, new vehicle discount, and exclusive group savings.
- MetLife offers discounts for good student, good driver, defensive driver, accident-free, multi-policy, and claim-free.
- Progressive may have discounts that include good student, online signing, homeowner, multi-vehicle, multi-policy, and online quote discount.
The illustration below compares auto insurance costs with and without discounts applied to the policy rates. The data is based on a female driver, no driving violations, no at-fault accidents, Nevada state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with marriage, accident-free, claim-free, vehicle safety, multiple policy, and passive restraint discounts applied. With discounts applied, theamount saved on insurance for single moms is 28% or $522.
Why you should be shopping around
Nevada insurance rates are influenced by many factors which can substantially decrease or increase your annual premium. Simply improving your credit, buying a home instead of renting, or getting a few speeding tickets may cause policy rate changes that can now make some companies cheaper in comparison to the competition.
Additionally, car insurance companies change premium rates as often as every quarter in order to offset underwriting gains or losses. Higher than usual claims may cause more expensive prices, while lower claim expenses may cause cheaper Nevada car insurance rates.
As an example, the bar chart below compares the cheapest car insurance in Nevada for a 35-year-old female driver with a good driving record, no prior claims, and a high credit rating. If we look at prices based on her current risk profile, Travelers has the lowest car insurance rates in Nevada at $930 a year. This is $644 less than the average price paid by Nevada drivers of $1,574. Allied, Capital, Oregon Mutual, and Progressive are the remaining cheapest Nevada auto insurance companies.
In this next rate comparison, we will give the driver in the first chart a claim, bad credit, and a couple of points charged on her driving record. Since every car insurance company has their own guidelines for setting prices, analyzing rates may now show a substantially altered list of the cheapest Nevada car insurance companies as shown below.
GEICO now has the lowest price in Nevada with Allied, USAA, Nationwide, and Safeco also having competitive pricing. This example demonstrates why it is so important to perform an extensive rate comparison to get the most affordable insurance rates for single moms.
Insurance rates are impacted by many things and can increase or decrease at any time, so the best price six months ago may now be one of the more expensive options.