Statistically, it is been proven that woman are safer drivers than men. Due to this reason, if you are a woman, you’re likely going to be able to get cheaper car insurance. However, your driving record will be taken into account when you’re insurance rates are determined. On top of that, your age will also be taken into account. If you are a really young or old driver, you can expect to pay more for your car insurance premium. However, it is likely that you are going to be paying less money than a male driver who is the same age as you if you have a clean driving record.

Why Is Car Insurance for Males Higher Than Females?

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There are a number of different statistics that insurance companies look at to decide that males deserve higher car insurance premiums. When looking at statistics, for people under the age of 25, men have twice as many accidents as females. Men are statistically proven to drive faster and wear seatbelts less often. Should an accident occur with a male driver, it is more likely to be a fatal one. Men are also statistically proven to drink and drive more often than that of females. Drinking and driving is the number one cause of teenage deaths and due to all of these statistics, insurance companies deem male drivers to be a higher risk to insure.

How Do You Get Cheap Car Insurance As a Female?

No matter whether you are male or female, you should still shop around for car insurance. Different companies offer different insurance premiums and you can save a substantial amount of money by going with a cheaper auto insurance company. On top of that, you can get cheap car insurance five make sure that you drive safely, not get into accidents or get any speeding tickets on your record. The cleaner your record is, the less you’re going to pay for car insurance. Finally, you can also make sure that you have minimum coverage on your vehicle, a high insurance deductible to lower the risk for your insurance company and you can also make sure that you have a vehicle with a high safety rating. Anything that lowers the risk for an insurance company will give you cheaper auto insurance premiums.

At What Age Does Car Insurance Decrease If You Are Female?

Car insurance decreases for females when you are over the age of 25. Generally, between the ages of 21 and 25, your car insurance rates will go down by as much as 25%. Once you hit 25, you should see your car insurance drop by as much as 20%. It is at this age that woman tend to be mature and there might even be a child in the car, which can cause a female driver to drive with a safer approach. Once a woman hits the age of 50 to 55, you will likely pay be paying the least amount for your auto insurance. It is at this age where you still have all of your mobility and a ton of driving experience. Statistically, women of this age group are the least likely to get into an accident.

At What Age Does Car Insurance Increase If You Are Female?

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Car insurance increases when you are a female if you are 16 to 25 years of age. This age group is statistically proven to be a higher risk to insure. The age group gets into more accidents than any other age group. On top of that, you can also expect that your insurance will start to increase when you are 65 or older. Once you are this age, insurance companies will start to look at you more carefully to make sure that you are still able to drive safely. You might have cheap insurance when you are close to the 65 year age mark. However, the older you get, the more you are going to have to pay your insurance premium.

Are There Any Female Car Insurance Benefits?

Although there is not a specific benefit that you can apply for her, rest assured, you’re going to be paying less for your auto insurance than male drivers. Statistics have revealed that the average man pays about 5% more for auto insurance than women. In addition to that’s, men also pay up to 8% more for house insurance and they also pay up to 25% more than females for a life insurance policy. So, although you might not directly see a car insurance package/discount for female drivers, there is one calculated into your car insurance premium.

How Can I Keep My Car Insurance Premiums Low As a Female Driver?

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There are several different tactics that you can employ to make sure you keep lower car insurance premiums. On top of safe driving, you can make sure that you maintain good grades. Most car insurance companies will give a discount for good grades. On top of that, you can also take a driver’s education program and avoid making claims on your driver’s record. The less an insurance company has to pay out, the more likely they are to keep your premiums low. Informing your insurance company about marriage and your occupation is also important. Married individuals pay less than single individuals statistically. The closer you are to your place of work, the less you can expect to pay for your car insurance as well. The fewer kilometers you’re putting on your vehicle, the lower your car insurance premium should cost.

To Conclude

Just because you are a woman doesn’t necessarily mean that you will have cheap car insurance. You need to make sure that you drive carefully on Canadian roads and maintain a clean driving record. Any accident that you get into can cause a substantial rise in your insurance premiums. Once an accident occurs, you are likely going to be paying much more for your insurance than a male driver with a clean record. The less risk an insurance company has, the less you’re going to have to pay for your insurance policy. Always remember to shop around and look at the details of an insurance policy before signing up. The more you look into your insurance, they more likely it is that you will be covered when you actually need it.

Resources:

https://coverhound.com/blog/post/car-insurance-women-age
https://www.esurance.com/info/car/why-women-pay-less-for-car-insurance
https://www.huffingtonpost.com/casey-cavanagh/what-women-need-to-know-a_1_b_7818142.html
https://www.thestar.com/business/personal_finance/retirement/2012/02/28/why_women_pay_less_for_insurance.html