How Much is Car Insurance for Single Moms in Arizona?

One of the more important criteria that auto insurance companies use when figuring a rate quote is the neighborhood you call home in Arizona. More populated areas like Phoenix, Avondale, and Chandler will most likely pay more, whereas areas with less crime or weather claims enjoy lower auto insurance rates.

The table below lists the most costly cities in Arizona for single moms to purchase car insurance in.

Annual rates are estimated as vehicle location can change prices noticeably.

The type of vehicle requiring insurance is one of the primary factors that determines the availablility of the best cheap coverage for single moms. Vehicles with reasonable performance levels, a plethora of safety features, or a low likelihood of liability claims will cost less to insure than higher performance models.

The list below estimates insurance prices for a selection of the most cost-effective vehicles to insure in Arizona.

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Information does not factor in Arizona location which can impact premiums significantly.

By looking at the data, you can see that cars like the Ford Escape, Chevrolet Silverado, and Subaru Outback are going to be a few of the most budget-friendly vehicles to insure for single parents.

Liability-only versus full coverage

Finding cheap insurance for single moms in Arizona is probably important to most vehicle owners, and a great way to lower the cost of insurance is to not buy full coverage. The diagram below shows the difference between car insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no accidents, no driving violations, $1,000 deductibles, marital status is single, and no policy discounts are applied.

If averaged out across all ages, full coverage costs $1,681 per year more than just buying liability only. That is a large expense which might make you wonder if you should buy full coverage. There is no set guideline to drop physical damage insurance, but there is a general guideline. If the annual cost of coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $6,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $5,500 after the deductible is paid. If premiums are more than $550 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some conditions where removing full coverage is not recommended. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage.

The diagram below illustrates how choosing a deductible can influence yearly insurance costs when trying to find cheap insurance for single moms. The rates are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.

The data above shows that a 30-year-old driver could pocket $278 a year by changing from a $100 deductible up to a $500 deductible, or save $418 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old example, could drop their prices up to $808 each year just by choosing higher deductibles. If you make the decision to raise deductibles, it’s a good idea to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Is Allstate, Progressive, Geico, or State Farm cheaper?

When shopping around for auto insurance for single parents in Arizona, the most popular companies are Allstate, Progressive, Geico, and State Farm. If you put them all together, they insure about 50% of the entire U.S. market share. They all have the same basic coverages, but each one has somewhat different options that you can choose from. The next table points out pricing and service ratings, plus some optional coverages shoppers can find with each company.