It’s impossible to miss the ads from auto insurance companies like Nationwide and Allstate that promise the cheapest rates. So drivers should just pick the company with the catchiest ad, right?
Regrettably, it’s not quite that easy, as there are many unknown elements such as the safety features built into your vehicle, how far you drive each year, and if you own a home, that all influence how much you pay for auto insurance. The content below covers the best ways to avoid high prices and hopefully give you enough understanding to have a good start to your coverage search.
For single parents, one of the largest components that help determine car insurance rates is where you live in Dallas. Regions with larger populations or more claims tend to pay slightly more, whereas areas that tend to be more rural tend to receive slightly lower rates.
The table below rates the most expensive cities in Texas for single moms to buy car insurance in. Dallas is ranked at #2 with the annual price of $1,911 for the average insured, which is around $159 monthly.
|Rank||City||Premium Per Year|
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Rate information is estimated as specific Dallas garaging address can lower or raise coverage prices substantially.
The type of vehicle on the policy is one of the largest factors when quoting low-priced coverage for single moms. Vehicles with limited top-end speed, a plethora of safety features, or low incidents of liability claims will cost substantially less to insure than higher performance models. The next list showcases car insurance premiums for a handful of the more affordable vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$1,254|
|Honda CR-V LX 4WD||$1,260|
|Chevrolet Silverado LS Regular Cab 4WD||$1,379|
|Toyota Corolla XRS||$1,603|
|Toyota Tacoma 4WD||$1,613|
|Dodge Ram Crew Cab TRX 2WD||$1,623|
|Ford F-150 STX Regular Cab 2WD||$1,689|
|Toyota Camry Hybrid||$1,700|
|Kia Optima SX||$1,707|
|Chevrolet Equinox LS AWD||$1,702|
|Toyota RAV4 Sport 4WD||$1,707|
|Ford Fusion S 4-Dr Sedan||$1,702|
|Jeep Grand Cherokee Laredo 2WD||$1,707|
|GMC Sierra SL Extended Cab 2WD||$1,702|
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location which can change price quotes considerably.
Looking at the data, you can conclude that vehicles like the Ford Escape, Honda CR-V, Chevrolet Silverado, and Toyota Prius are most likely to be some of the most budget-friendly vehicles to insure for single parents.
How careless driving impacts Dallas auto insurance rates
The easiest method to enjoy the cheapest auto insurance prices in Dallas for single parents is to pay attention while driving and not have accidents or get tickets. The chart below illustrates how violations and at-fault claims impact annual premium costs for each different age category. The premium estimates are based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
The chart shows that the average cost of car insurance in Dallas per year with no violations or accidents is $1,708. Factor in two speeding tickets and the average cost increases to $2,357, an increase of $649 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for single moms goes up to an average of $4,749. That’s an increase of $3,041, or $253 per month, just for not driving carefully!
Liability only or full coverage
Saving on auto insurance is important to the majority of drivers, and one common way to pay less for insurance for single moms is to not buy full coverage. The chart below compares insurance premiums when comparing full coverage to liability only. Data assumes no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are factored in.
If averaged for all ages, physical damage coverage costs $2,131 per year over having just liability coverage. A very common question is if full coverage is worth the money. There is no definitive formula for eliminating comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $8,500 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $7,500 after you pay the deductible. If you are currently paying more than $750 a year for full coverage, then it might be time to buy liability only.
There are some scenarios where eliminating full coverage is not advised. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
How to find a good Dallas auto insurance company
Picking the top car insurance provider can be difficult considering how many companies sell coverage in Texas. The ranking information in the lists below could help you select which companies to look at comparing rates from. These ratings are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies that only write business in Texas or surrounding areas are not included in these rankings.
Top 10 Large Auto Insurers in Dallas Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century