What is cheap car insurance for women?

As of 2018, women pay more for car insurance than women - about .68% or $4.50 per 6-months. Although not a major rating factor, car insurance companies see your gender a way to predict and price what kind of client you will be. Let’s explore the ins and outs of finding car insurance for women - starting with the cheapest companies.

In this article, we will discuss:

  1. Car insurance for women
  2. Why is gender a rating factor?
  3. How can I save?

 

Cheapest car insurance companies for women

Using a methodology outlinedhere,we discovered that USAA is the cheapest car insurance company for women. At $485, USAA is $271 cheaper than the group average. If you do not qualify for USAA, as you have to be a military or family member, Geico is the next cheapest option. Geico will set you back $606 per 6-months or $101 per month.

 

Car Insurance ProviderAverage 6-month premium
Allstate$952
Farmers$790
GEICO$606
Liberty Mutual$974
Nationwide$567
Progressive$865
State Farm$807
USAA$485

 

 

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Why is gender used to determine car insurance premiums?

Like many attributes, gender can tell an insurance company what kind of driver and client you might be. For young clients, male drivers under 25 face car insurance rates significantly higher than those assigned to young female drivers. An insurance company sees young male drivers as more likely to get into an accident or moving violation. Thus, they’re more expensive to insure.

As drivers get older, women pay slightly more for car insurance.

Gender

Average 6-month premium

Female

$740

Male

$735

States are starting to phase this methodology out. Hawaii, Massachusetts, Pennsylvania, North Carolina, California, and Montana are the states that do not consider gender as a rating factor. Furthermore, California, Washington DC, and Oregon recognize non-binary gender options. Currently, women pay more than men in 25 states and pay less in 21 states.



How to save on car insurance

Although women pay only slightly more for car insurance than do male drivers, let’s explore some additional ways to save.

 

Consider auto insurance discounts

Multi-policy:This discount refers to having two types of insurance policies under one insurance company. Common policies are home/auto or renters/auto. The discounts affect both your policies, typically. Here are the typical amounts of discount you can receive.

 

Savings with Renters

Savings with Home

$73

$142

 

Defensive Driver Discount:This discount entails taking an actual defensive driving course and then presenting your insurance company with proof (sometimes a receipt or transcript) of it. The logic behind this discount is clear - a safer driver makes you a cheaper client because you’re less likely to have a claim. Prior to taking the course, however, make sure your company accepts this discount.

 

Equipment Discount:If your car comes with anti-theft devices or if you have services like LoJack, your insurance company usually provides you with a discount. The discount tends to be smaller than a multi-policy or defensive driver discount, but can still help with making premium payments.

Safety/Anti-Theft Device

Avg Annual Premium

Discount

None

$1,323

 

Passive Disabling Device

$1,312

$10

Tracking Device

$1,314

$9

Audible Alarm

$1,317

$6

Electronic Stability Control

$1,318

$5

 

You should consider that these discounts, while not a huge amount, are averaged amount across all insurance companies and across all states. Some states and some insurance companies might give more.

 

Good Driver Discount:Naturally, this discount is offered to you if you have a clean driving record - no accidents or citations. This is typically a higher paying discount and a lot of times it is automatically added to your policy when your Motor Vehicle Report is pulled at the inception of your auto policy. Still, if you are sure you have a clean driving record and are not receiving any discount, speak with your insurance company and ask if they offer a discount for good drivers. In addition to the added bonus of this discount, you stand to benefit by not having your premium raised due to a claim or citation. This is the average of how accidents can impact your premium.

 

Accident/Violation

6 Month Premium Increase

None

 

Speeding 11 - 15 MPH Over Limit

$141

Speeding 16 - 20 MPH Over Limit

$153

Speeding 21 - 25 MPH Over Limit

$165

At-Fault Accident

$306

Reckless Driving

$499

Racing

$523

DUI

$529

 

 

Military Discount:Many companies offer discounts for active or former military members and their families. The amount and qualifications differ per company so speak with your company to see if this discount is offered!

 

Multi-car discount:Like a multi-policy discount, a multi-car discount refers to have more than one car with a single insurance company. Typically, the discount is automatically added either at the policy inception (if two cars were originally added) or when you add the second vehicle to the policy.

 

Preferred Payment Discount:This discount refers to the manner in which you make your insurance payments and has tiers, typically. For example, if you pay your entire premium up front, you are often given a discount which is usually the highest preferred payment discount. Moreover, if you set up for automatic payments from a bank account, you can often receive an “EFT discount.” If you are able to pay upfront or through automatic payments, this is a discount worth considering. Amount of discounts are featured below.

Savings with Paid in Full

Savings with EFT

$61

$27



Profession Discount:This discount goes by many names but the idea is the same. Some insurance companies will give you a discount based on your occupation. Statistically, some occupations like teachers, physicians, or police officers are less likely to file a claim. Because of this, some insurance companies return the savings back to you. Usually, they will require you to submit some type of proof of your profession - a photocopy of your degree is common.

You can find more information regarding this discounthere.

 

Good Student Discount:If you or your children have the grades, typically above a 3.0 GPA, speak with your insurance company about a good student discount. Normally, they’ll ask for a transcript every policy period (6-12 months) as proof.

You can find more information regarding student discountshere.



Changing your coverage

If your vehicle is worth less than $4,000, you do not need comprehensive and collision coverage. Typically, the amount of premium you pay for this coverage isn’t worth the payout you would receive if your vehicle was totaled. You can determine the value of your vehicle by using online tools like NADA and Kelley Blue Book.

If your vehicle is worth more than $4,000, consider raising your deductible. By raising your deductible, you lower your premium.

 

Only use your coverage when necessary

Most companies will apply a surcharge to your policy if you use your coverage. While it can vary, the surcharge can remain on your premium for 3-5 years. Below are some average premium increases after an accident.

Violation

Average 6-month Premium

Increase

None

$735

 

One Comprehensive Claim

$767

$32

At-Fault Accident

$1,044

$309

 

If you’re unsure of whether or not to file a claim, see ourState of Insuranceanalysis and determine how much an at-fault accident would raise rates in your state. Consider the premium increase over three years and your deductible (as you would have to pay it in the event of a claim). For example, if your premium increased $309 the first six months, a three-year surcharge would equate to a total of $1,851. If you have a deductible of $500, the total claim would cost you $2,351. Meaning, if you wanted to file a claim, the value of damage should be greater than $2,351. You can determine the value of damage by getting an estimate at a local mechanic.

 

Shop around

The best way to find the cheapest car insurance company as a woman is to look. Enter your ZIP code below to see local and national companies for your driving profile.

 

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Recent Questions:

Cheap Car Insurance for Women

What is the average cost of car insurance in Virginia?

That's a difficult question to answer. Below are some answers based on the information you have given me.

Do all car insurance premiums increase every year?

Unfortunately, car insurance is reflective of both you and the surrounding environment. Meaning, the increase value of vehicles, rise in claims and cost of claims, and medical costs can all make insurance premiums increase.

Will my insurance company total my vehicle after damage

For New Jersey, a vehicle is determined to be a total loss if the cost of repairs plus the scrap value of the vehicle is greater or equal to the actual cash value of the vehicle. Because you know the value of the repairs, your next step would be to determine the value of your vehicle.

What's the cheapest company for a 60 year old man with a DUI

Because car insurance companies and through extension your insurance premium are incredibly specific, it's impossible for me to give you the exact company that is the cheapest. However, through our analysis here, we see that Liberty Mutual tends to be the cheapest company for a DUI conviction, all other metrics consistent.