Car Insurance for Female Drivers

Finding affordable car insurance as a woman

Although gender is not a major rating factor, car insurance companies see it as a way to predict and price for risk. Let’s explore the ins and outs of finding car insurance for women, starting with the most affordable companies.

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 may pay slightly more for car insurance. 

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.

Good Driver Discount: This discount is available if you have a clean driving record, free of accidents or citations. This is typically a higher-value discount, oftentimes automatically added to your policy when your Motor Vehicle Report is pulled at the inception of your policy. Still, if you are sure you have a clean driving record and are not receiving a 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.

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 having 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 upfront, you are often given a discount which is usually the highest preferred payment discount. Moreover, if you set up 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. The amounts of these discounts are featured below.

If you’re unsure of whether or not to file a claim, see our State of Insurance analysis 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.