When searching for cheaper car insurance options, it is necessary to look into any discounts that might be available that would help reduce costs. One such discount available is for women. Insurance companies provide cheap car insurance for women who have excellent driving records and payment history. In fact, regular insurance packages tend to be an average of 10% cheaper than those for men. Insurance companies have studied statistical data and found that women tend to be safer drivers more often than men. Therefore it is easy to get cheap car insurance for women.
Each insurance company determines their premiums based on each individual driver. Not only do they take the gender of the driver into consideration, but they also take into consideration the age of the driver. The main factor in determining premium pricing is the risk associated with the insured driver.
Some drivers are considered more of a risk to insure based on the number of accidents that person has had in the past. When an insurance company has to insure a high risk driver, the premiums for all of their insured can rise. Based on the statistical data mentioned above, insurance companies operate under the conception that men tend to be riskier to insure than women drivers so they require men to pay higher premiums. This makes it easier to get cheap car insurance for women.
The statistical data mentioned above had the following outcomes: men were involved in a larger number of accidents, women committed a lower number of traffic violations than men, the accidental damage rate for women was smaller than that of men, women bought more family style cars than sport or luxury vehicles, men bought more sport or luxury vehicles than women, and more women passed their driver exams on their first attempt than men.
Each of these outcomes leads insurance companies to believe that women are in fact safer drivers than men. It is important to remember however that each individual's driving record will be research by the insurance company. If you are a woman driver who has had several accidents or traffic violations, it will still be hard for you to find cheap car insurance.
Some proven ways to find cheap car insurance for women include purchasing the right type of vehicle, having a multiple vehicle household, comparing prices of several companies, installing safety features, and installing ant-theft devices. There are several models of vehicles that are cheaper to insure. Be care when looking to purchase some family style sedans because if the sedan has a GT or a sport package, it will require higher premiums.
Other types of vehicles that normally have higher premiums are the popular larger SUV's, sports cars, luxury vehicles, cars with advanced technological features, and cars that are favored by thieves. Before purchasing a new vehicle, it helps to contact your insurance company to get a quote on the actual vehicle. Knowing ahead of time will help you budget if the car's purchase results in a higher premium.
So here's the deal...
Finding cheap car insurance [http://happydaysinsurance.com] for women is as simple as doing some easy comparison shopping. A great place to find your very best rate is [http://happydaysinsurance.com]
Article Source: http://EzineArticles.com/expert/Bob_W._Cowell/623591
Article Source: http://EzineArticles.com/5265661
No comments:
Post a Comment