1. Put safety first. Take advantage of car insurance discounts for Anti-lock Braking Systems (ABS), airbags and automatic seat belts.
2. Pay policies up front instead of monthly. Over a six month policy period, this can result in a $50 to $100 savings depending on the car insurance company.
3. Take a defensive driving course. Most car insurance companies sponsor a safe driver training seminar and offer a single parent insurance discount to drivers who take the course.
4. Purchase an older vehicle. Older vehicles have lower replacement costs and thus require lower collision and comprehensive car insurance coverage.
5. Consider moving in with an older relative. If you live with a relative, many insurance companies will write a multi-car policy providing a significant discount.
6. Raise deductible levels. Raising deductibles from $250 to $1000 can reduce car insurance premiums by 25-40%.
7. Make sure the car insurance company knows about the child. Many car insurance companies consider parents a lower risk due to the responsibility for the child.
8. Consider consolidating policies. Many companies offer multi-policy discounts for home or rental and car insurance policies.
9. Even if the company does not offer homeowners insurance, many companies assess homeowners as a lower risk and thus they will receive lower premiums.
10. Consult with local single parent outreach organizations. Many times, these organizations have car insurance specialists that will explain policy details and choices objectively.
- carinsurance.com -