Car insurance for young women drivers tends to be more expensive because young drivers, in general, are considered to be “high risk drivers” by many companies. Young drivers are usually new, less experienced drivers who may not have any driving records or histories yet. Car insurance companies use these records to “profile” the driver. Without these records, car insurance companies will have to turn to statistics to do the profiling.
Statistically young drivers are prone to road accidents and to making impulse decisions while on the road. They also tend to drive faster than most drivers and are more easily distracted. They also tend to prefer fancier, more expensive cars too (the fancier the car, the more expensive the repair costs).
Tips on How To Get Cheap Car Insurance for Young Women
Young women car insurance does not necessarily have to be very expensive. Being a female already entitles you to a suitable discount. But there are things you can do to help tone down the cost of your premiums and here are some of them:
- Get good grades. Believe it or not, car insurance companies look at your performance at school, particularly your grades, to determine your rates. Having good grades means you have a certain sense of responsibility, level of discipline and ability to make smart decisions while on the road. Hence, you are considered less risky.
- Secure your car. Protect your car by installing security systems, anti-theft alarms, anti-lock brakes and even GPS trackers. Anything you can do that decreases the likelihood your car will be stolen or the chances your car will break down while on the road helps decrease your risk level.
- Get higher deductibles. By asking for a higher deductible, you can lower your monthly premiums. Bear in mind that you have to keep both values balanced though. In the long run, the money you saved up through your cheaper monthly premiums will be enough to compensate for your high deductible.
- Drive a small car. It’s far more cost-effective to drive around a simple car with a modest engine. Repair costs are cheaper for you too. Simple engines don’t normally consume much gas so you can save some more greens there.
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