Statistically, women are safer drivers than men. Each year, men are involved in a reportable accident almost twice as often as are women, within each age group. In spite of all the stereotypes, women represent less of a risk to car insurance companies so they get lower premiums than men. But other than these lower rates, finding affordable car insurance for ladies is fundamentally the same as for men.
Factors Affecting Lower Rates
Women receive lower car insurance rates for many reasons. The most important is that women get into half as many accidents as men. Further, the accidents they do get into are at lower speeds, resulting in less property damage and fewer instances of bodily harm. Women also drive less than men, putting fewer miles on their cars. Women drive slower and on average obey laws more often. Women tend to pass their driver’s license exams – both written and practical – on their first try. Men are also much more likely to commit a crime involving a car. Women get lower rates for all these reasons and more, but beyond indicating their gender, the process for finding affordable womens car insurance is the same as for a man.
Insurance Requirements
Buyers should know what insurance is required by their state of residence, but they should also recognize that the minimum might not be sufficient. Every driver must have property damage liability and bodily injury liability. Property damage liability covers any damage done to someone else’s property. Bodily injury liability covers the costs of being sued for injuring someone else in an accident. But cars that are purchased with financing have additional insurance requirements: collision and comprehensive. Collision coverage pays for car repair regardless of who is deemed at fault in an accident. Comprehensive coverage pays for many other things that could potentially damage the car, including natural disasters, vandalism, fire, theft, road debris, and so on.
Internet Research
Researching online is the single best thing buyers can do when looking for cheap car insurance for women. The Internet allows buyers to get multiple quotes at once, making the process more efficient. Some sites even automatically standardize the scales each company uses so that rates can be directly compared. This is quite important since the key to finding affordable insurance is shopping around and comparing plans. If something isn’t clear, buyers can still ask questions, even online. It’s essential to understand every aspect of a proposed policy before choosing it. Buyers can even talk to customer service representatives over the phone if that’s more helpful.
Other Discounts
Beyond the lower premiums women receive, there are other ways to ensure getting cheap car insurance for ladies. Buyers should get copies of their driving record and their credit report; make sure all information is accurate and if it’s not, get it changed. Certain organizations offer members discounts on insurance, so investigate those. Additionally, buyers should check to see if insurance companies waive billing and processing fees if insurance is paid on a quarterly or bi-annual basis. That can add up to real savings after a while.
Insurance Companies
When looking for insurance, buyers may want to get referrals from friends and family. Given the wide array of insurance companies – and that buyers will likely be able to find affordable coverage from several of them – the choice may ultimately come down to the company offering the insurance. If a driver does get into an accident, they’ll soon find that customer service becomes important. Buyers who scrimp by patronizing less customer-focused insurance companies may find the process maddening. On the other hand, if buyers make sure to take into account qualities beyond just the quantitative numbers – if they seek out a company’s reputation for hassle-free service – they’ll be much more likely to have an easier time filing a claim. Insurance companies are rated by JD Power and Associates and AM Best, so buyers can look up a company’s reputation online. And friends and family will also likely have an opinion.
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