The words “affordable” and “insurance” really don’t belong together, especially when shopping around for the best insurance rates for unemployed drivers. In an attempt to save some money, let’s introduce you to some situations that have an effect on car insurance premiums, and find out if we can help you take the sting out of your next policy.
The vehicle that needs insurance is probably the most important factor when quoting the most economical auto insurance for unemployed drivers. Vehicles with lots of speed or power, a lack of advanced safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models.
The information below ranks coverage prices for a selection of the most budget-friendly automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,560 |
| Honda Accord LX 4-Dr Sedan | $1,567 |
| Ford Escape Limited 2WD | $1,596 |
| Honda CR-V EX-L 4WD | $1,746 |
| Ford Edge SEL AWD | $1,813 |
| Toyota RAV4 4WD | $1,850 |
| Dodge Ram Quad Cab ST 2WD | $1,881 |
| Dodge Grand Caravan Crew | $1,884 |
| Ford Explorer Limited AWD | $1,892 |
| Toyota Prius | $1,898 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,937 |
| Kia Optima LX | $1,979 |
| Chevrolet Malibu Hybrid | $2,024 |
| Jeep Grand Cherokee Laredo 4WD | $2,034 |
| Toyota Tacoma Double Cab 4WD | $2,024 |
| Get a Custom Quote Go | |
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Washington minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate quotes do not factor in specific location which can alter price quotes greatly.
Looking at the numbers, you can presume that models like the Hyundai Elantra, Honda Accord, and Ford Escape are most likely to be a few of the most economical vehicles to insure for the unemployed.
For the unemployed, one of the largest criteria that are looked at to determine insurance cost is your address. Areas with more people or even just a higher incidence of claims tend to have higher rates, whereas areas with less congestion tend to receive cheaper rates.
The next table ranks the highest-priced places in Washington for unemployed drivers to purchase car insurance in. Seattle is ranked #3 costing $1,405 for the average insured, which is about $117 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Tacoma | $1,427 |
| 2 | Federal Way | $1,421 |
| 3 | Seattle | $1,405 |
| 4 | Kent | $1,378 |
| 5 | Lakewood | $1,378 |
| 6 | Auburn | $1,366 |
| 7 | Renton | $1,361 |
| 8 | South Hill | $1,354 |
| 9 | Shoreline | $1,352 |
| 10 | Everett | $1,250 |
| 11 | Sammamish | $1,232 |
| 12 | Bellevue | $1,219 |
| 13 | Redmond | $1,214 |
| 14 | Marysville | $1,208 |
| 15 | Kirkland | $1,207 |
| 16 | Vancouver | $1,146 |
| 17 | Spokane | $1,104 |
| 18 | Spokane Valley | $1,098 |
| 19 | Lacey | $1,089 |
| 20 | Olympia | $1,072 |
| Get a Custom Quote Go | ||
Information shown are approximated as specific location information can influence prices significantly.
Comparing rates for reasonably-priced insurance is hard enough, and determining which companies have the cheapest insurance rates for unemployed drivers involves even more shopping around. Every car insurance company uses their own method for determining rates in each state, so to begin we’ll rank the insurance companies that tend to have lower prices in Washington.
Find Cheaper Auto Insurance for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Capital | $777 |
| 2 | Grange | $847 |
| 3 | Nationwide | $961 |
| 4 | PEMCO | $1,004 |
| 5 | Travelers | $1,028 |
| 6 | Mutual Enumclaw | $1,054 |
| 7 | California Casualty | $1,072 |
| 8 | The Hartford | $1,090 |
| 9 | USAA | $1,092 |
| 10 | Chubb | $1,127 |
| 11 | State Farm | $1,130 |
| 12 | Allied | $1,131 |
| 13 | American Family | $1,208 |
| 14 | Amica | $1,219 |
| 15 | Safeco | $1,228 |
| 16 | Liberty Mutual | $1,257 |
| 17 | Farmers | $1,315 |
| 18 | Progressive | $1,465 |
| 19 | National General | $1,495 |
| 20 | MetLife | $1,697 |
| Get a Custom Quote Go | ||
Capital generally has some of the most affordable car insurance rates in Seattle at around $777 per year. Grange, Nationwide, PEMCO, and Travelers also rank well as some of the best Seattle, WA car insurance companies.
As the rates illustrate above, if you currently have a policy with Nationwide and switched to Capital, you might achieve a yearly price reduction of in the vicinity of $184. Policyholders with PEMCO could save as much as $227 a year, and Travelers customers might see rate reductions of $251 a year.
If you would like to find cheaper car insurance rates, click here to get a free quote or visit any of the low-priced companies below.
Bear in mind that those premiums are averaged across all ages of drivers and types of vehicles and do not factor in a specific zip code for unemployed drivers. So the insurer that can offer you the best price may not even be in the top 25 companies shown above. That’s why you need to get rate quotes from many companies using your own driver data and vehicle information.
The example below illustrates how your choice of deductibles can influence insurance rates when quoting cheap insurance for unemployed drivers. The data assumes a married male driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 40-year-old driver could save $278 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $418 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, can save as much as $934 or even more just by using higher deductibles. When insureds make the decision to increase the deductibles on their policy, it’s a good idea to have enough in a savings account to be able to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Discount Seattle insurance rates
Insurance providers that offer quotes for unemployed drivers may additionally offer policy discounts that could potentially reduce rates by 30% or more if you qualify for them. A list of insurance companies and a summarized list of policyholder discounts are included below.
- GEICO offers discounts including anti-lock brakes, federal employee, multi-vehicle, daytime running lights, good student, air bags, and anti-theft.
- SAFECO has savings for anti-lock brakes, teen safe driver, anti-theft, teen safety rewards, accident prevention training, and drive less.
- State Farm offers premium reductions for anti-theft, Drive Safe & Save, safe vehicle, multiple policy, good driver, and driver’s education.
- MetLife discounts include defensive driver, good student, accident-free, claim-free, multi-policy, and good driver.
- 21st Century may offer discounts for good student, anti-lock brakes, student driver, 55 and older, and early bird.
- Progressive has discounts for online signing, homeowner, multi-vehicle, multi-policy, and continuous coverage.
The chart below compares car insurance rates with and without some available policy discounts. The rate quotes are based on a male driver, no accidents or driving violations, Washington state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with accident-free, homeowner, anti-theft, claim-free, multiple policy, and marriage discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on insurance for unemployed drivers is 28% or $518.
How to find economical car insurance for unemployed drivers
Here are some of the recommended money-saving ideas that can help you buy cheap coverage.
- Bundle car and home insurance and save money
- Higher credit ratings may save you money
- Accidents can significantly increase rates
- Having too many claims will increase rates substantially
- Increase your policy deductibles
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Compare price quotes at least once a year
The final tip is incredibly necessary, as was discussed in the prior article. Car insurance rates can be modified anytime, so don’t be afraid to change to a new company if a more affordable rate is found.
Staying with the same car insurance company is fine, but it isn’t a good idea if your bullheadedness ends up costing you a wad of cash every year. In just a few minutes you could compare prices and find cheaper auto insurance for unemployed drivers in Seattle.
If you wish to get some professional input when comparing insurance rates for unemployed drivers, the agents shown below can help you determine which insurance coverage will be best for you. To locate an agency by location nearest to you, click the button at the bottom of the list or click here to compare price quotes.
- David Lo – State Farm Insurance Agent
12705 Renton Ave S – Seattle, WA 98178 – (206) 772-3388 - George Fu – State Farm Insurance Agent
9026 Roosevelt Way NE – Seattle, WA 98115 – (206) 524-0330 - Brian Chambers – State Farm Insurance Agent
3206 16th Ave W – Seattle, WA 98119 – (206) 285-3003 - Johnson Insurance Agency
9200 Holman Rd NW – Seattle, WA 98117 – (206) 789-5940