Best Cheap Auto Insurance for Single Moms in Idaho

One of the more important components that help determine auto insurance rates is your zip code in Idaho. Cities with larger populations or higher claim trends like Moscow, Lewiston, and Chubbuck tend to pay higher rates, whereas areas with less congestion get the luxury of paying less.

The illustration below displays the most costly cities in Idaho for single moms to purchase auto insurance in.

Rate information is approximated as the specific Idaho residence address can modify auto insurance rates considerably.

The car, truck, or SUV you are seeking coverage for is one of the largest considerations when consumers are trying to find cheap auto insurance for single moms. Vehicles with high performance, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models. The table below estimates auto insurance costs for a handful of the cheapest automobiles to insure.

Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Idaho minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Prices do not factor in specific zip code location which can alter premium rates substantially.

Based upon the rates shown, you can assume that models like the Honda Accord, Ford Escape, Chevrolet Traverse, and Ford Edge are some of the most budget-friendly vehicles to insure for single parents.

Accidents and violations increase rates

The recommended way to snag the best auto insurance premiums in Idaho for single parents is to be a good driver and avoid accidents and traffic violations. The diagram below shows how speeding tickets and accident claims can increase insurance costs for different insured age categories. The data assumes a single male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2553,2743,3277],[‘Age 30’, 1323,1515,2047],[‘Age 40’, 1301,1493,2027],[‘Age 50’, 1191,1381,1915],[‘Age 60’, 1153,1345,1875],[‘Age 70’, 1427,1615,2149]]);var options = {title: ‘Effect of Tickets and Accidents on Idaho Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Idaho’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data above shows the average cost of an auto insurance policy in Idaho per year with no accidents and a clean driving record is $1,491. Factor in one speeding ticket and the average cost surges to $1,682, an increase of $191 each year. Then add one accident along with the one speeding ticket and the yearly cost of auto insurance for single moms jumps again to an average of $2,215. That’s an increase of $724, or $60 per month, just for not driving attentively!

Cost of full coverage in Idaho

Finding the best cheap auto insurance for single moms in Idaho is the goal of the majority of people, and one of the easiest ways to find cheaper insurance is to not pay for full coverage. The illustration below compares insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no driving violations, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $1,000 Deductibles’, ‘Liability Only’],[‘Age 20’, 1687,723],[‘Age 30’, 895,401],[‘Age 40’, 871,373],[‘Age 50’, 799,349],[‘Age 60’, 777,345],[‘Age 70’, 965,457]]);var options = {title: ‘Full Coverage and Liability Only Rates’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Idaho’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average the cost for all age groups, full coverage on your policy costs $999 per year more than just buying liability insurance. Lot’s of drivers question when is the right time to remove full coverage. There is no set guideline for excluding comp and collision coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.

For example, let’s assume your vehicle’s claim settlement value is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $10,000 after the policy deductible has been paid. If you are currently paying more than $1,000 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some circumstances where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage on your policy.