Female Car Insurance Benefits

female car insurance

In the equality debate between genders, one area where females tend to get a better deal is car insurance rates. Car insurance for female policyholders tends to be cheaper than for their masculine counterparts.

Companies determine the price you pay based on statistics in an effort to assess risk. If you are an impeccable driver and have held insurance for over 20 years with no accidents, then you are in excellent standing with your insurance company. That is one the main goals for insurance companies, aside from helping meet legal requirements, to cover the lowest risk drivers as possible.

Women statistically have a fewer incidence of wrecks and speeding tickets, two major issues that increase the risk factor for a driver. The other figures that support lower female care insurance rates are the fact they are also involved in far less DUIs and tend to drive less pricey cars. Males have a tendency towards sports cars that cost a lot more to insure than a typical car.

Do females of all ages have lower rates?

In a way, yes and no. While females may remain at a slightly more advantageous rate than their male counterparts, they are still subject to age bracket adjustments. Younger drivers of both sexes will see higher rates.

After the age of 25 however, female car insurance rates can take a significant dip with a clean driving record. This is based on the tendency for females to reach a reasonable amount of maturity by this age.

When drivers of both sexes reach later years, between 60s and above, rates will climb once more because the heavy statistical proof of increased risk involving older drivers.

Company specialization by gender

Typically, there are no specific companies that specialize in female car insurance. Gender is only part of the equation that they use. Gender, age, location, how much you drive, if it’s for work, the household composition, driving record, vehicle make, model, and year, and many other potential factors are used.

How to get better rates on female car insurance

Some companies do offer incentives on female car insurance based on going extended periods without having an incident. Allstate is one company that many may associate the concept of ‘rewards for safe driving’ with. Their commercials are quite common, but they are not the only company that offers incentive programs.incentives on female car insurance based on going extended periods without having incidents. Allstate is one company that many may associate the concept of ‘rewards for safe driving’ with. Their commercials are quite common, but they are not the only company that offers incentive programs.

When you are shopping for a new insurance company, ask them what sort of discounts and incentive programs they may have. Another popular program is, pay as you go car insurance, multiple vehicles or multiple policy discounts.

A lot of insurance companies also offer coverage for other things like home and renters protection. Another way you can usually save on female car insurance is by making larger installments than monthly payments. Many companies will offer a discount if you pay your 6-month premiums up front instead of breaking it up. A good question to ask an insurance company is if different payment options affect the total amount.

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