The basic requirement which is needed by every driver is car insurance. This car insurance is required to safeguard you in unforeseen circumstances. All states in US expect that you have atleast basic car insurance that comply to the standards set by the states. Each state will have different requirements for car insurance. Some states expect you to show the documents which determine your financial capacity to handle the accidents. If you own a car, then it is strongly recommended that you should have car insurance but the premium you may have to pay will vary for each person. Premium vary due to many factors.
Before you sign on the dotted line and opt for a car insurance policy, you need to know the benefit of credit score. This is purely based on your credit history. There are many purposes behind maintaining a good score. While securing loan, finding a house, getting telephone connection, buying insurance, your credit history and hence the credit score comes in to picture. There will be a numerical ranking given by insurance companies based on individual’s credit history and is called “insurance score”. This will be considered during underwriting and finalizing your insurance rates. This all depends on how you will maintain your financial affairs. In fact it also helps you in claiming process making it smooth and quick. A good credit history will definitely fetch you those discounts on your car insurance policy.
All you have to do is just pay your credit bills on time and be in good terms with the banks giving your credit cards. Try paying the bill in full rather than in installments and keep a record of how your credit history is and do the needful to void if any errors.
When all the things are equal for both men and women, car insurance is less expensive to women when compared with men. Women are considered to be safe drivers and it is very much justified. Most of the men think that the women drivers are not that skilled in driving. But they should still accept the fact that car insurance will be less for women, because women are reckless drivers and they are not aggressive like men when they are driving the car. There is lot of data by the car insurance companies to prove and tell that women are safe drivers than men. Women have safety record because they tend to get into lesser accident, hence their car insurance premium will be atleast 10% less for men.
Damages done by women drivers are less when compared to men. It also adds to the fact that women have less traffic violation, that is reason why women pay less insurance premium. How they see men driving record to calculate the insurance premium in the similar fashion women previous driving record is also seen to calculate the insurance premium for women. If there are many tickets and violations in the women record then her premium can be same with the as man of the same type of driving record.
Few Factors Which Affects The Premiums
- Usually women drive less when compared to men. Their annual mileage is less when compared to men..
- Bodily injury and property damage committed is less and though they are committed they are committed at less speed.
- When it comes to license examinations women clear both theory and practicals in the first attempt than men. They follow the traffic rules.
It is not too far that the disparity with the insurance premiums for women and car insurance premiums for men will narrow simultaneously.