Auto Insurance for Homemakers (Rates & Discounts)
Auto insurance for homemakers costs an average of $67.92/month. Companies like GEICO consider homemakers low-risk drivers and average rates are lower as a result. Male vs. female insurance rates can vary significantly, and when looking at who pays more for car insurance, married or single people, the answer is typically married. Both of these could explain why auto insurance for homemakers is lower than for other occupations.
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Written by
Rachel Bodine
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Reviewed by
Leslie Kasperowicz
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UPDATED: Jul 19, 2021
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- Some insurance auto insurance companies use occupation as a factor when adjusting auto insurance rates
- Companies like GEICO offer auto insurance for homemakers at an average rate of $68 per month
- Ask about discounts for being married or being a newlywed to lower homemaker auto insurance rates
If you’re a homemaker looking to save on auto insurance, understanding auto insurance is a great place to start. Does being a homemaker affect auto insurance rates? Do females pay higher insurance premiums than males, true or false? Who pays more for car insurance, married or single people?
Read this article now for answers to these and more of your questions regarding auto insurance for homemakers, including the average auto insurance rates for homemakers.
Ready to start shopping for affordable auto insurance for homemakers? Use your ZIP code in the tool on this page to compare free auto insurance quotes from multiple local companies today.
Table of Contents
How much does auto insurance for homemakers cost?
Insurance companies use several factors to estimate risk level, including age, gender, driving record, credit score, and ZIP code.
In addition, companies like GEICO consider occupation in the risk assessment equation. The lower the assessed risk, the lower your insurance rates.
Homemaking is considered a lower-risk occupation as compared to other jobs. Take a look at this table below to see how car insurance rates for homemakers compare to other occupations, both low and high risk.
| Occupation | Perceived Occupation Risk Level | Average Monthly Auto Insurance Rate | Average Annual Auto Insurance Rate |
|---|---|---|---|
| Homemaker | Low Risk | $67.92 | $815.00 |
| Professor w/ College Degree | Low Risk | $71.68 | $860.20 |
| Currently Unemployed | High Risk | $165.33 | $1,984.00 |
| Nanny/Caretaker | High Risk | $165.33 | $1,984.00 |
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Based on the data in this table, GEICO considers homemakers to be one of the lowest-risk occupations. There could be several reasons for this, including the estimated amount of time on the road, gender, marital status, and more.
When comparing male vs. female insurance rates, you’ll find that despite the traditional stereotype that men pay more, depending on age, marital status, where you live (specifically which state), etc., women often actually pay more than men.
So how can you save on your car insurance for homemakers? Keep reading to find out.
How can you save on auto insurance for homemakers?
There aren’t any discounts specifically for homemakers, but discounts for newlyweds and married couples could help homemakers save.
Additionally, you should speak with your insurance company about other discounts you may qualify for; depending on available discounts, you could save up to 35% on your rates.
You should also compare auto insurance quotes for homemakers from at least three companies to ensure you’re getting the best rates for your coverage.
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What are the auto insurance requirements for homemakers?
All drivers, including homemakers, are required to purchase at least enough insurance coverage to meet the auto liability insurance minimum set in their state to drive legally.
GEICO and other companies use occupation as a factor when adjusting auto insurance rates. Homemakers are considered low risk and see commensurately low auto insurance rates.
Average GEICO rates for homemakers are $68 per month, but you may be able to save even more on your rates by asking about discounts and shopping around.
If you want to buy auto insurance for homemakers, enter your ZIP code in the tool on this page to get your first free quote right now.
Frequently Asked Questions: Auto Insurance for Homemakers
If you still need more information on auto insurance for homemakers, read through these frequently asked questions.
#1 – Where can you find the cheapest auto insurance for women?
Several factors beyond gender are considered when adjusting car insurance rates. However, where you live can determine the significance of gender on rates.
In states like Michigan and Nevada, women often pay more for their insurance than men, while in states like Wyoming and Connecticut, women may pay less.
#2 – Are there states where auto insurance rates are the same for men and women?
Several states across the country have made it illegal to use gender as a factor in adjusting insurance rates, including California and Hawaii.
In these states, insurance rates may be the same for men and women, or may not, depending on other factors that are still legal to be used, including driving records.
#3 – Are there auto insurance discounts specifically for women?
There are no specific insurance discounts for women, but drivers can always speak to their insurance company about what discounts they may qualify for and how much they can save.