Insurance Rates for Women
Gender plays a role in the pricing of car insurance, with women receiving better rates. This is because women are statistically safer drivers than men, speed less and drive cars that cost less to insure. Women typically pay 8% less than men for car insurance.
Driving Records' Role
A clean driving record is rewarded by lower insurance premiums. Moving citations and major accidents can increase your insurance rates. Minor accidents and accidents where you were not at fault usually don’t impact your rate. Accident-forgiveness policies ignore your first accident if you are an otherwise safe driver.
Effect of Age & Insurance
Based on statistical analysis, insurance companies find that older drivers tend to be safer than younger ones. Insurance policies reflect this in the decreasing premium costs as the driver ages. Elderly drivers are sometimes exempted, so it is important to find a policy that rewards an experienced and safe driver.
Overall Safe Driving
There are various factors that can influence your monthly rates. However, the best thing to remember is that safe driving will determine the best rates for your monthly insurance. Making sure that you're following the law at all times will, in all probability, keep you safe and your rates down.
September 9th, 2014
You’ve found a flight to your dream destination at the perfect price, booked time off from work, and practiced packing as lightly as you possibly can. You’ve waited all year [...]
September 8th, 2014
An insurance bond, otherwise known as a business bond, is an insurance policy or contract that protects the parties in a business arrangement. Certain businesses are required to be bonded [...]
September 4th, 2014
Many insurance companies claim to have the best rates. However, most of these companies only provide a limited solution that works for a small percentage of the American population. An [...]
August 29th, 2014
As someone who owns a business that operates trucks, you probably worry about your high commercial trucking insurance rates. If you’re wondering why you are paying so much, consider these [...]
August 27th, 2014
Learning to drive is one of the biggest rights of passage for a teen and a huge moment for parents to enjoy as well. As a parent you can teach [...]
August 21st, 2014
Regardless of how well you raised your children, sending them off on their own can be worrisome. Take one worry off your mind by making sure your children have suitable [...]