Why Do Women Get Cheaper Auto Insurance Rates Than Men?

Did you know that women are more likely to find affordable auto insurance than their male counterparts? The automobile insurance rates in America have been on the rise over the past few years. This is something that everyone knows. This could be due to an increase in people driving and the growing population of the United States. However, it is important to remember that even though prices are rising in the auto insurance industry, this does not mean that you cannot get low-cost insurance, especially if yours is a female policy.

There are several reasons women have lower premiums than men. Although many believe that women are terrible drivers, it is actually the case that they are the ones who are most likely to save money when opening an auto insurance policy. Women are statistically less likely to be involved in accidents than men and experience less road rage than their male counterparts. This is why they have lower rates. Actuaries have also observed that women don’t tend to display the dangerous driving behavior that can be seen in their testosterone-rich male counterparts. Insurance companies reward them with great discounts and high prices for their policies.

A woman can save enough money simply by being a female, but it is important to understand that there are many ways a woman could lower her rates and get cheap auto insurance. You can shop around online to compare rates and get multiple quotes. It saves time and eliminates the need to go from one auto insurance agency to the next. It is important to compare as many insurance companies online before you make the decision to buy cheap insurance online. While the biggest companies like All State, GEICO and Progressive are the most popular, you can also look into local companies within your state. These small companies can sometimes offer the lowest rates, as they are more willing to compete against the big dogs and draw more customers to their offices. You should first find the lowest rate and the most suitable company for you, as insurance rates for women can be up to $1,000 per policy. This will allow you to focus on getting more discounts, which will reduce your rate even further.

Women who are looking for affordable automobile insurance can also visit the local agencies. You can meet the agents and get as many quotes and questions as you like. This is a great way to find affordable auto insurance. Important to note is that you need to visit at most three companies before you can actually look for your policy. You will be able to compare the rates, discounts and customer service of each company. After you have visited each company’s offices, you can return to them and compare their rates. Because they are paid by how many people they sign, insurance agents will often try to convince you to sign with their company. This is a great advantage as you are the customer. There are many insurance agencies, so they have to convince you to sign with their company.

If you find that the rate you are quoted is higher than you expected, there are a few things you can do to reduce the amount you pay. Most companies will ask you to fill out a questionnaire before they give you an online quote. This is mainly to determine the discounts you may be eligible for. Good driving record (usually includes no accidents or convictions for three years), defensive driving courses, vehicle safety features (alarms air bags anti-lock brakes etc.) and good student can help a woman save significant money on her final rate. The discounts won’t lower your rate much, but they can make a difference in whether you have a regular policy or one that is very affordable. After all, who wouldn’t like to save even 5% each month on auto insurance and spend that money instead to buy a meal out?

A higher deductible can be a good idea, but only if you have the funds to pay it in the case of an emergency. A higher deductible means that you will have to pay more out-of-pocket costs. The final rate will therefore be lower. This is only available if you have health insurance. A health insurance policy will likely cover you in the event of an accident. The medical portion of your automobile policy will only cost you an extra dollar each year.