The vehicle you are insuring is a large consideration when shopping for low-priced coverage for single moms. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.
The table below presents insurance costs for a number of the most budget-friendly vehicles to insure.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 4WD | $1,455 |
| Honda Accord LX-P 4-Dr Sedan | $1,631 |
| Chevrolet Equinox LS 2WD | $1,688 |
| Ford Explorer Eddie Bauer 4WD | $1,721 |
| Toyota Tacoma Double Cab 4WD | $1,728 |
| Honda Civic LX-S 4-Dr Sedan | $1,742 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,748 |
| Honda Odyssey LX | $1,791 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,840 |
| Ford Edge SEL AWD | $1,894 |
| Ford Escape Limited 4WD | $1,899 |
| Toyota Camry Hybrid | $1,929 |
| Toyota Camry Hybrid | $1,934 |
| Kia Optima EX | $1,929 |
| Toyota RAV4 Limited 4WD | $1,932 |
| Toyota Prius | $1,940 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,994 |
| Chevrolet Impala LTZ | $2,032 |
| Jeep Grand Cherokee Limited 4WD | $2,067 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $2,076 |
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Rate information does not factor in Minneapolis, MN location which can impact coverage rates significantly.
By looking at the data, vehicles like the Honda CR-V, Honda Accord, and Chevrolet Equinox are a few of the less-costly vehicles to insure for single parents.
Finding dependable, low-priced insurance is easier said than done, and finding out which companies offer the cheapest auto insurance rates for single moms will take even more diligence.
Every insurance provider uses their own method to establish rates, so let’s rank the auto insurance companies that tend to have lower prices in Minnesota. It’s important that readers know that Minneapolis, MN auto insurance rates are based on many factors that may substantially change the price you have to pay for coverage. That is why Minnesota drivers need to shop around when trying to find cheap car insurance rates for single moms. Insurance prices can be determined by many risk factors and change dramatically, so the most affordable company the last time you compared rates may now be an over-priced policy.
Cheapest Insurance Rates for Single Moms
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Travelers | $647 |
| 2 | Farm Bureau Mutual | $805 |
| 3 | USAA | $831 |
| 4 | Western National | $901 |
| 5 | The Hartford | $936 |
| 6 | West Bend Mutual | $952 |
| 7 | Allied | $1,162 |
| 8 | California Casualty | $1,214 |
| 9 | American Family | $1,242 |
| 10 | State Farm | $1,250 |
| 11 | General Casualty | $1,261 |
| 12 | Auto-Owners | $1,321 |
| 13 | Farmers | $1,351 |
| 14 | Auto Club Group | $1,380 |
| 15 | North Star | $1,390 |
| 16 | Nationwide | $1,420 |
| 17 | Country | $1,427 |
| 18 | Progressive | $1,448 |
| 19 | Allstate | $1,467 |
| 20 | MetLife | $1,549 |
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Travelers has some of the cheapest car insurance rates in Minneapolis at around $647 a year. Farm Bureau Mutual, USAA, Western National, and The Hartford would also make the list of some of the cheapest Minneapolis, MN car insurance companies.
In this example, if you are a customer of USAA and switched to Travelers, you may see an annual premium reduction of around $184. Minnesota drivers with Western National could save as much as $254 a year, and The Hartford insureds might reduce prices by as much as $289 a year.
To see how much you can save, click here to get quotes or click through to the companies below.
These premiums are averages for all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for single moms. So the auto insurance company that is best suited for you may not even be in the top 24 companies in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
For single parents, one of the big factors that aid in calculating the amount you pay for auto insurance is where you call home in Minneapolis. Regions with larger populations or more claims tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims receive better rates.
The illustration below ranks the priciest cities in Minnesota for single moms to purchase auto insurance in. Minneapolis shows up at #3 with a yearly cost of $1,997 on average, which is about $166 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Saint Paul | $2,070 |
| 2 | Maplewood | $2,066 |
| 3 | Minneapolis | $1,997 |
| 4 | Brooklyn Park | $1,816 |
| 5 | Coon Rapids | $1,809 |
| 6 | Blaine | $1,801 |
| 7 | Richfield | $1,796 |
| 8 | Duluth | $1,794 |
| 9 | Bloomington | $1,792 |
| 10 | Edina | $1,777 |
| 11 | Saint Louis Park | $1,754 |
| 12 | Plymouth | $1,731 |
| 13 | Burnsville | $1,726 |
| 14 | Maple Grove | $1,724 |
| 15 | Eden Prairie | $1,706 |
| 16 | Minnetonka | $1,706 |
| 17 | Saint Cloud | $1,702 |
| 18 | Woodbury | $1,697 |
| 19 | Eagan | $1,661 |
| 20 | Shakopee | $1,659 |
| 21 | Lakeville | $1,649 |
| 22 | Apple Valley | $1,631 |
| 23 | Rochester | $1,575 |
| 24 | Moorhead | $1,504 |
| 25 | Mankato | $1,489 |
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Rate information is comparative as vehicle location can change coverage rates noticeably.
Should you buy full coverage?
Finding cheaper auto insurance is important to most vehicle owners, and one of the fastest ways to lower the cost of insurance for single moms is to not pay for full coverage. The information below compares auto insurance costs with and without full coverage. The prices are based on a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are factored in.
As an overall average, physical damage coverage costs an extra $1,498 per year over liability only. That raises the question when is the right time to remove full coverage. There is no clear-cut rule that works best for making the decision to drop physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.
For example, let’s assume your vehicle’s claim settlement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would receive is $2,000 after paying your deductible. If it’s costing in excess of $200 annually for full coverage, then you might want to consider buying only liability coverage.
There are some scenarios where only buying liability is not a good plan. If you haven’t paid off your loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should maintain full coverage.
Best auto insurance in Minnesota
Finding the highest-rated auto insurance provider can be a challenge considering how many different companies insure vehicles in Minnesota. The ranking data below could help you decide which car insurance companies you want to consider to insure your vehicles.
These ratings are only made up of the largest companies in America, so companies that only write business in Minnesota or surrounding areas are not taken into consideration for this list. If you’d like to compare prices and find cheaper insurance for single moms, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 99 | 100 | 90 | 92% | A++ | 97.4 |
| 21st Century | 89 | 86 | 100 | 88% | A | 92.7 |
| GEICO | 97 | 91 | 88 | 85% | A++ | 92.5 |
| Nationwide | 88 | 94 | 91 | 88% | A+ | 91.3 |
| AAA Insurance | 93 | 87 | 88 | 87% | A | 90.8 |
| Liberty Mutual | 91 | 91 | 92 | 87% | A | 90.7 |
| Safeco Insurance | 90 | 93 | 88 | 86% | A | 90.2 |
| State Farm | 91 | 94 | 80 | 88% | A++ | 90.2 |
| Travelers | 89 | 91 | 94 | 79% | A++ | 90.1 |
| American Family | 88 | 92 | 83 | 88% | A | 89.4 |
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Data Source: Insure.com Best Car Insurance Companies
The agencies below can answer your questions and help you decide which coverages you need, as some drivers aren’t sure which coverage they need and prefer to have professional advice when shopping for the best coverage for single moms. It can be complicated to do it yourself, and getting professional guidance from a licensed agent can give you satisfaction knowing you have adequate coverage when you need it most.
To find an auto insurance agency nearest to you, click the link at the bottom or click here to get price quotes now.
- Farmers Insurance: Travis Marcellus
2846 Johnson St NE – Minneapolis, MN 55418 – (612) 789-4341 - Farmers Insurance – Gretchen Frana
5445 S 28th Ave – Minneapolis, MN 55417 – (612) 724-4309 - Erickson Insurance Agency
8525 Edinbrook Crossing #401 – Minneapolis, MN 55443 – (763) 657-7608
More Minneapolis, MN insurance agents
How to find cheaper auto insurance for single moms
The list below details a few money-saving suggestions that can help Minnesota drivers locate low-cost auto insurance.
- Safer vehicles cost less to insure
- Save money by only buying liability coverage for older vehicles
- Prevent price hikes by avoiding at-fault accidents
- Good credit scores may make rates cheaper
- Bundle home or renters insurance to earn a discount on car insurance
- Look for cheaper rates once a year by shopping around
That last tip is notably significant, as was pointed out in the article above. Insurance prices in Minneapolis change frequently, so don’t hesitate to buy from a different company if you find a better deal.
Many consumers stick with the same company and that’s fine, but it’s not a good idea if that dedication is costing hundreds every year. If you have a few minutes, compare rates and find cheaper insurance for single moms.