Vehicles

Auto Insurance

How can a Woman Driver get the Best Car Insurance Rates?

Unfortunately, car insurance companies can not advertise "better rates for women" or offer any kind of incentive solely based on gender but what they do offer are a large number of discounts not always advertised or offered. Take a moment and think aboutâ?¦

When was the last time you called your car insurance agent?

Do you know most drivers took out a policy years ago and have never spoke to the agent since. It's worth your time to learn more about the car insurance discounts currently available and either (a) schedule a call with your current company to make sure they are applying all the discounts available and/or (b) start a car insurance comparison search online. Some of the discounts available today include:

• Good Driver discounts
• Good Student discounts
• Multi-Policy discounts
• Multi-Vehicle discounts
• Safety Discounts (ABS brakes, security features etc...)
• Hybrid or Electric Vehicle discounts

You may also want to ask about low mileage discounts. More and more people are working from home and it's quite possible to save over 50% on premiums by opting for a low mileage policy. Not all companies offer this but if you no longer commute to work the low mileage discount is something you need to inquire about.

Another key element is the type of vehicle you drive. The Insurance Institute for Highway Safety also publishes a wealth of data on car safety ratings for different vehicles so always make sure to research any car before buying a vehicle.

Shopping for car insurance is not exciting, but the possible amount of money you can save by shopping companies certainly is. At the very least, it will provide an education about existing coverage to aid in the event of an accident and provide a baseline of knowledge for getting better rates the next time you buy a car.

So are women better drivers? Yes, but most men will never admit it - surely not this one. :)

Alan Dunn is a Licensed Mortgage Broker and serial entrepreneur. Purchased his first domain name in 1998, struck gold in the mortgage industry, crashed like everybody else and quickly realized trees with money do not exist. Coupons and savings are his new favorite things thus he's committed to educating people about saving a buck until someone is nice enough to buy him a yacht. Currently he is the Managing Editor of HowtoSaveMoney.com