Reached the Age 25? Women Drivers can Save Thousands Over Time

Since you are a woman approaching the age of 25 you probably already know this is the critical age when you car insurance rates drop, but is not always the case. In fact, according to statistics your rates should be approximately 20 percent lower after reaching the age of 25 if you have a clean driving record.

You may be asking yourself a few questions such as, "With my current insurer, am I getting the lowest rate?", or "How am I able to find the lowest possible price without limiting coverage?" and these are all good questions to ask since you are likely to pay for car insurance until the age of 65 which is another 40 years of car insurance payments and could add up to $40,000 or more.

Since you have entered the years of lower insurance you want to think of it as a long term plan. What do I mean by that? Coming up with strategies for a women over the age 25 to keep as much money over the long term in your bank account not the insurers.

Statistically women are safer drivers and many suggest one of the contributing factors for women between the age of 25 to 55 is children in the car. Over the course of a woman's driving life you will pay $15,000 less than your male counterpart. So let's go into how to keep the insurance rates from skyrocketing out of control.

Keep insurance rates low:

• Comparison shopping - Even if you have current insurance you want to compare other insurers to see how they stand up to your current policy. It is best to get as many quotes as possible and since all quotes are free it doesn't hurt to find out.
• Main Policyholder - It can be a good idea to put yourself (the woman) as the main policyholder since women cost less to insure especially after the age of 25.
• Automobile Type - If don't already have a vehicle or looking for a new one you are able to comparison shop before you buy. You can use sites such a Insurance.com or AutoInsureSavings.org. If you have children the likelihood of buying a safer insurance-friendly vehicle is higher.
• Living Alone - If you are living alone you may want to think about adding an addendum to your parents policy to keep the rates low.
• Clean Driving Record - This is going to be one of the most important factors during the course of your driving life. The less violations you have the cheaper your car insurance is going to be.

Since you are at an age where you are not going to drive as recklessly you want to keep a few things in mind while shopping for car insurance. There are determining factors which insurers use to determine your rate. Your gender is one of them and since you are a women this is a plus. If you keep the other determining factors in mind you should be able to get lower auto insurance and pay less substantially over time.

Other ideas after turning the age of 25:

• Coverage & Deductibles - Since car insurance firms allow you to choose your deducible amount and choose optional coverage this is a great way to control the amount you pay.
• How Often & Far You Drive - The more you drive you have higher chance of an auto accident. Even for women this is true and based on common sense. If you drive long distances try to reduce it as much as possible to keep your auto insurance low as possible.
• Where You Drive - If you drive in urban areas compared to rural or the outskirts of a city you are going to pay more for car insurance. This may be out of your control since you want to live in a urban area just realize your rate is going to be determined by your zip-code.
• Car Insurance Ratings - There are tools you can use such as Safercar.gov to help you find the automobile which may have the lowest auto insurance.

As a women you do have the advantage since your car insurance is going to be lower after the age of 25. However, when you are comparing other insurance firms for the base amount of coverage such as liability only there may not be much of a difference.

Older model vehicles

• Less than $3,000* - There isn't a set number for the value of vehicle as to dropping comprehensive and collision coverage. If you have an older model vehicle which isn't worth much consider dropping comprehensive and collision. A good rule of thumb is to add up both yearly coverages and see if they are more than 10 percent of the value of the vehicle. If the coverages are more than the value of the car consider dropping. There are other methods to determine if you need to drop the coverages.
• More than $3,000* - If you vehicle is in a range where you still need comprehensive and collision consider raising the deductibles to save on car insurance. This is a judgment call you have to make. If you are a women living alone you may want the comfort knowing your vehicle will be repaired in the event of an accident.
• Financed Vehicle - If you are a women which has finance your vehicle the financial institution is going to require you to carry full coverage. Other items to consider depending on your state is GAP insurance. GAP will cover the cost (or the gap) from the insurers value minus the amount you still owe to the bank.

As a woman over the age of 25 you are able to get some of the lowest rates around and if you keep your record clean you will save thousands over the time you need car insurance. If you keep some of the ideas in mind you keep money in your wallet and not in the insurers.

*the $3,000 amount is only for illustrative purposes and should not be considered absolute. Each woman's car insurance situation is unique and careful consideration is required before dropping any coverage. Be sure to consult with your local agent or auto insurance company.