Think You Know Everything About Car Insurance for Females?
Many women assume that just because they are female, they are entitled to lower premiums. This isn't necessarily the case. If you're a woman looking for coverage, there are some things you need to know before you assume you're going to get the best rates out there based on your gender alone.
The first thing you need to understand is that just because you are a woman, that doesn't mean you're going to get rock-bottom rates. Yes, car insurance is often less expensive for females but that doesn't mean all women automatically qualify for low rates. If you've had more than your fair share of traffic tickets or one or two accidents, then you can kiss low premiums goodbye.
You also need to consider your age. A woman who is 35 is going to be paying a lot less than an 18-year-old student fresh out of high school. On the other hand, teenage girls pay less than teenage boys, but they don't get the rock-bottom rates that women in their thirties or older may qualify for.
Your credit is another consideration when it comes to rates. If you don't pay your credit cards on time it's going to cost you, and not just in interest and late payments made to the card company. Your coverage's rates will actually go up if your credit score goes down. It may not seem fair, but that's the way insurance premiums work nowadays.
Can women get lower rates on car insurance? Yes, but there are a lot of factors other than gender that play a part in how much you pay. Get a variety of quotes and inquire with companies that cater to female drivers. Comparison shopping is the only way to ensure you're getting the best deal on car coverage, whether you're female or not.
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