Some of the factors that can make a significant impact on your car insurance premium are: gender, age, driving history, and the type of vehicle being insured.
First, the type of car being insured.
Obviously, a BMW is going to cost more to insure than a Geo Metro.
If you have excellent driving records, insurance companies will think of you as less likely to be involved in accidents, hence offering you lower rates.
Further, women tend to be considered safer drivers than men, so stand a better chance of obtaining a deal on auto insurance.
If you're female and over the age of 23, you're even more likely to get a lower quote.
However, just as we cannot choose the kind of family we were born into, gender and age are not something we have control over.
Being a woman does not guarantee that you will get cheap car insurance.
Below are some of the things you can do to lower your insurance premium:
- Decline rental coverage.
If you live in an area that has convenient mass transportation system, take advantage of that.
With gas prices going up, you'll end up saving even more.
- Increase your deductible.
By increasing the amount that you pay, per claim or per accident, toward the total amount of an insured loss, you can generally lower your premium. - Decline comprehensive coverage.
There is no point in protecting your car from every kind of damage conceivable if we are talking about a 1998 Toyota that has already got 10 thousand miles on it. - Decline medical coverage.
If you have excellent medical insurance, there is no need to pay extra to include medical coverage in your auto insurance policy. - Decline towing coverage.
If you are member of an auto club, you're already eligible to towing benefits.
Why pay additional for towing? - Combine car insurance.
Almost all insurance companies offer multiple car discounts, so tap into that when you can. - Decline rental coverage.
If you live in an area that has convenient mass transportation system, take advantage of that.
With gas prices going up, you'll end up saving even more.