Being a single parent is one of the hardest challenges an adult can go through. Your finances are usually stretched very thin, you never have enough hours in the day to get everything done, and the task of raising your child or children to become decent human beings is doubly hard. You’d think that auto insurance companies would give single parents a break by offering specific discounts or lowering their premiums. Unfortunately, the truth is a little more complicated than that.
Sadly, there are no discounts for single parents. If anything, it’s usually married people who have lower monthly premiums despite the fact that single parents face greater financial hardship on average.Car Insurance: Single, Married, and Home Ownership Legend: Married Homeowner Single Homeowner Single Renter California Texas Florida New York Illinois 10 20 30 40 50 60 70 80 90 100 110 120 $64 $64 $64 $105 $111 $122 $96 $100 $116 $62 $66 $67 $19 $20 $22
But although your personal circumstances as a single parent might not earn you the car insurance discounts you deserve, you should ask your insurance agent about what discounts you are entitled to, which include (but are not limited to) any of the following:
Car insurance for Single Moms and Dads – Tips & Tricks
Make sure and look carefully at your policy. There may be types of coverage that you are currently paying for, but don’t actually need. Likewise, there are certain types of coverage – like Collision or Comprehensive – which will become much cheaper to maintain if you raise your deductible.
If you are unhappy with your current insurance provider, or suspect you might get a better deal with another company, be sure to shop around. And don’t just look into only one or two other companies, either. To really know whether or not you’re getting the best deal, you need quotes from at least 3 different providers. And sites like ours can help you get them quickly, efficiently, and accurately.
Finally, you can save a little money on your insurance premiums by paying in six month installments instead of monthly. You’ll save money both in the short term for your auto insurance policy, but also build a higher credit score so that you can get savings from other financial institutions as well.