The type of vehicle requiring insurance is one of the largest factors when consumers are trying to find cheap auto insurance for single moms. Vehicles with limited top-end speed, advanced safety features, or a positive history of liability claims will cost quite a bit less to insure than fast, unsafe models. The list below ranks coverage prices for some of the most affordable vehicles to insure in Colorado.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$954|
|Toyota Tacoma 4WD||$973|
|Honda CR-V EX-L 2WD||$975|
|Ford Escape XLS 2WD||$984|
|Ford F-150 STX Super Cab 2WD||$1,047|
|Honda Civic LX-S 4-Dr Sedan||$1,066|
|Ford Explorer XLT 2WD||$1,068|
|Toyota Camry SE||$1,085|
|Chevrolet Equinox LTZ AWD||$1,104|
|Ford Fusion SEL 4-Dr Sedan||$1,110|
|Chevrolet Impala LS||$1,108|
|Ford Edge SEL AWD||$1,117|
|Chevrolet Malibu Hybrid||$1,129|
|Jeep Grand Cherokee Laredo 2WD||$1,134|
|Toyota RAV4 2WD||$1,129|
|Dodge Grand Caravan Crew||$1,152|
|Nissan Rogue SL AWD||$1,158|
|Ford Focus SE 2-Dr Coupe||$1,165|
|Hyundai Elantra Blue 4-Dr Sedan||$1,171|
|Start a Quote Go|
Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in Colorado location which can change prices substantially.
Looking at the data, we can tell that cars like the Jeep Wrangler, Toyota Tacoma, Honda CR-V, and Ford Escape will definitely be the most budget-friendly vehicles to insure for single parents.
Determining which insurers offer the cheapest auto insurance rates for single moms in Colorado calls for a little more sweat in order to find the best policy. Each insurer has a proprietary method to set policy rates, so let's take a look at the most budget-friendly auto insurance companies in Colorado.
Find the Cheapest Auto Insurance for Single Moms
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
|Compare Rates Now Go|
The Hartford may offer some of the best car insurance rates in Colorado at around $834 a year. Grange, USAA, Nationwide, and Travelers also make the cut as some of the cheaper Colorado auto insurance companies.
As shown in the rates above, if you are a customer of Nationwide and switched to Grange, you might achieve yearly savings of in the vicinity of $172. Colorado drivers with Travelers might save as much as $222 a year, and GEICO insureds might reduce prices by as much as $227 a year.
To see how much you can save, click here to start your free quote or click several companies below for low rates.
Bear in mind that those premiums are averages for all types of drivers and the different vehicles they drive and and are not calculated with a price decrease for single moms. So the auto insurance company that is most affordable for your situation may not even be in the list above. That is why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
The illustration below illustrates how your choice of deductibles can increase or decrease insurance costs when trying to find cheap insurance for single moms in Colorado. Data assumes a single female driver, comp and collision included, and no discounts are applied.
A 50-year-old driver could cut expenses by $376 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $566 by switching to a $1,000 deductible. Even younger insureds, like the age 20 example, could reduce their rates $966 each year just by using higher deductibles. If you make the decision to raise deductibles, it is a good idea to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Auto insurance rates are higher with tickets and accidents
The obvious way to get cheap auto insurance prices in Colorado for single parents is to pay attention while driving and not receive tickets or have accidents. The information below demonstrates how citations and at-fault accidents can influence insurance premiums for different age groups. The data assumes a married female driver, comp and collision included, $100 deductibles, and no other discounts are factored in.
In the example above, the average cost of a car insurance policy in Colorado per year with no accidents and a clean driving record is $1,552. Factor in two speeding tickets and the average cost jumps to $2,212, an increase of $660 each year. Then add one accident along with the two speeding tickets and the yearly cost of auto insurance for single moms in Colorado goes up to an average of $2,872. That's an increase of $1,320, or $110 per month, just for not being a responsible driver!
How to find more affordable auto insurance for single moms in Colorado
The list below summarizes some of the recommended thrifty suggestions that can help drivers find cheaper coverage.
- Improve your credit
- Raise deductibles
- Save money by only buying liability coverage for older vehicles
- You will pay more if you get tickets or have at-fault accidents
- Staying accident-free helps keep rates low
- Drive safe vehicles
- Compare rates and switch if you can find a better deal
The last idea is incredibly significant, as was stressed in this write-up. Car insurance rates can change considerably based on profitability, so don't be hesitant to switch to a new company if a lower price can be found. Brand loyalty is great, but is isn't recommended if that dedication is costing a lot of money. In less than five minutes you could compare prices and find cheaper auto insurance for single moms.