As a young lady who wants to purchase car insurance but has a tight budget, it’s important that you look out for the best cheap car insurance for young female drivers. This is because these insurance firms offer you coverage plans that help you save money but are of top quality.
Yes, there are so many insurance companies available for you to choose from, but it’s important you take your time to check them out by putting their cost, coverage types, customer service, and other factors into consideration so as to make informed decisions when making a purchase.
So, in this comprehensive article, we will be looking into the most affordable car insurance firms for female drivers, and what you have to do is sit tight, grab some popcorn, and a chill bottle of Coke while we walk you through this informative read.
But before we dive right in, let’s first of all see some of the challenges that you, as a young lady, could face when purchasing car insurance.
Challenges Faced By Young Female Drivers
Below are some of the difficulties that female drivers encounter when acquiring car insurance:
Overview of the Challenges Faced by Young Female Drivers
1. Gender Bias
Although it is being kicked against, young female drivers are charged higher premiums in some locations. Some regions have stopped this act, by the way, but only a very few are still on it.
2. High Premiums
Due to the fact that young female drivers are considered to be lacking in experience, they tend to pay higher premiums when purchasing car insurance packages.
3. Limited Driving History
Insurance companies rely a lot on driving history, and given that you are young, you may be lacking when it comes to years of experience in the driving field.
4. Not Enough Experience
Well, the term “young” seems to have explained it. Obviously, a lot of young ladies do not have enough experience, so they find it a bit difficult to purchase cheap insurance.
Types of Car Insurance
The following are the types of car insurance for young female drivers:
- Comprehensive insurance
- Liability insurance
- Collision insurance
- Personal injury protection (PIP)
- Roadside assistance coverage
- Rental car coverage.
Overview of the Types of Insurance for Female Drivers
This car insurance type is also referred to as “other than collision” insurance. Except for car accidents, it covers any other form of damage to your car, such as theft, vandalism, fire, floods, etc.
However, it’s important for you to remember that comprehensive insurance doesn’t cover every type of damage to your car, so you’ll want to check your policy carefully to see what’s covered and not.
This is one of the most basic types of car insurance, and in most cases, you are required to have it as a driver.
Liability insurance covers damage to other people’s property and injuries caused by a car accident in which you are at fault.
Basically, there are two types of liability insurance: bodily injury liability and property damage liability.
Bodily injury liability covers medical expenses and lost wages for other people who are injured in an accident that’s your fault while property damage liability covers the cost of the repairs or replacement of property that was damaged in an accident that’s your fault.
Collision insurance covers damage to your own car caused by a car accident, irrespective of who’s at fault. This includes damage from colliding with another car, hitting a stationary object, or overturning your car.
In a situation where you are leasing or financing your car, this type of insurance will be required. Also, it’s often recommended if you have a newer car that’s worth more than the deductible on your policy.
Just like comprehensive insurance, this insurance doesn’t cover every type of damage, so it’s necessary that you understand its limitations before making any purchase.
Personal Injury Protection (PIP)
In some countries, like the United States, this type of insurance is always required, and it covers medical expenses and lost wages in case you or your passengers are involved in an accident.
It can also cover other costs, such as funeral expenses, child care, and rehabilitation costs.
Roadside Assistance Coverage
In a situation in which you get stranded on the road probably due to a flat tire, dead battery, or other mechanical issues, this coverage comes in handy.
Roadside assistance coverage usually has a limit on the number of times you can use it per year, and it may not cover all types of vehicles.
Rental Car Coverage
Rental car coverage enables you to pay for your rental car if your car is in the shop for repairs or has been totaled in an accident.
However, it’s important to know that rental car coverage is optional, and the amount of coverage you need will depend on how often you rent cars and how much you’re willing to pay for coverage.
Criteria for Selecting the Cheapest Car Insurance For Young Female Drivers
Selecting the best cheap car insurance for young female drivers requires a careful evaluation of several key factors.
These criteria have been taken into account to determine the rankings of the following car insurance companies:
- Customer Satisfaction.
20 Best Cheap Car Insurance For Young Female Drivers
Below is a list of the best cheap car insurance for young female drivers;
- State Farm
- Liberty Mutuals
- Erie Insurance
- Safe Auto
- Mercury Insurance
- Root Insurance
- The Hartford
- Direct Auto Insurance
- Elephant Insurance
- The General
- American Family
Overview of the Best Affordable Car Insurance for Young Female Drivers
Year Founded: 1936
Average Monthly Premium: $220
Description: The idea of quality and yet very affordable insurance cannot be taken too seriously if GEICO is not in the conversation at the time of writing this article.
GEICO offers good insurance coverage with low rates which makes it easily accessible to young female drivers.VISIT
Year Founded: 1937
Average Monthly Premium: $268
Description: Talk about a reward for good driving habits, and you have Progressive. They have low rates and are very affordable, even for young females.VISIT
Year Founded: 1931
Average Monthly Premium: $383
Description: Allstate has a Drivewise program that offers discounts solely based on your driving habits, which makes it a very good choice for young female drivers.VISIT
4. State Farm
Year Founded: 1922
Average Monthly Premium: $216
Description: State Farm Insurance has a good number of agents across the country, which makes it easier to get assistance when looking to insure. It is also very cheap to buy.VISIT
Year Founded: 1953
Average Monthly Premium: $208
Description: They provide a number of insurance plans that are suitable and convenient for young car owners. Both males and females.VISIT
Year Founded: 1884
Average Monthly Premium: $284
Description: Nationwide Insurance has a program to help young female drivers develop their driving habits. This in turn enables insurance companies to offer some discounts to young drivers due to safe driving habits.VISIT
7. Liberty Mutuals
Year Founded: 1912
Average Monthly Premium: $139
Description: This insurance offers discounts to very good students. They also offer low rates to young female drivers.VISIT
Year Founded: 1999
Average Monthly Premium: $133
Description: Esurance is one of the first insurance companies to make use of the Internet to sell insurance to their customers. quite remarkable. Isn’t it?
They provide online quotes, which makes it easier for young drivers.VISIT
Year Founded: 1868
Average Monthly Premium: $200
Description: The telephone had not been invented, and the electric light was still very uncommon when this insurance was founded.
They offer a variety of insurance plans to young drivers. This makes it possible for young female divers to purchase cheap insurance from them.VISIT
Year Founder: 1922
Average Monthly Premium: $161
Description: Young female drivers with military ties can get very cheap insurance plans with USAA. They are one of the most reliable insurance firms out there.VISIT
11. Erie Insurance
Year Founded: 1925
Average Monthly Premium: $143
Description: They are known for the satisfaction of their customers and may offer some of their plans at lower rates to younger female car owners.VISIT
12. Safe Auto
Year Founded: 1993
Average Monthly Premium: $156
Description: State Auto buys into the idea of modern insurance. Their services are digitalized, and they provide easy access to customer care.
Are they very affordable? Yes. So this insurance might be a top choice for you.VISIT
13. Mercury Insurance
Year Founded: 1961
Average Monthly Premium: $250
Description: With a very good number of agents spread across the country, Mercury Insurance is a top contender when it comes to low coverage rates and affordable plans for clients.VISIT
14. Root Insurance
Year Founded: 2015
Average Monthly Premium: $129
Description: Root Insurance is an online insurance company that is licensed in over 34 countries. They are reliable and have the best interests of their customers at heart. They also offer discounts to young female drivers with good habits.VISIT
15. The Hartford
Year Founded: 1810
Average Monthly Premium: $226
Description: Hartford is an insurance company that is committed to helping its young car owners, including females get the best possible insurance plan.VISIT
16. Direct Auto Insurance
Year Founded: 1991
Average Monthly Premium: $222
Description: Are you on a tight budget? then this insurance is right for you. As a young female car owner seeking cheap car insurance, this right here could be your solution.VISIT
17. Elephant Insurance
Year Founded: 2009
Average Monthly Premium: $185
Description: Elephant Insurance is located in the United Kingdom. They believe in inclusivity. Whether you are young, old, male, or even female, you will have your car insured at a very good rate of coverage.VISIT
18. The General
Year Founded: 1963
Average Monthly Premium: $145
Description: They offer a variety of insurance plans at very cheap rates, which makes it easier for young female drivers to purchase from them.VISIT
19. American Family
Year Founded: 1927
Average Monthly Premium: $68
Description: The American family has different option plans, with discounts too. You can consider them a young female car owner.VISIT
Year Founded: 2016
Average Monthly Premium: $197
Description: This is one of the most recent insurance in the United States. It strives to provide good and very affordable insurance plans for the people.VISIT
FAQs on Best Cheap Car Insurance For Young Female Drivers
How do I get cheap insurance as a young lady?
Finding cheap car insurance for younger drivers is a challenging task, but there are several practical ways to get affordable coverage which have been enlisted in this article.
Which is the cheapest car insurance?
The list of the cheapest insurance companies have been provided in this article.
At what age is car insurance cheapest?
Car insurance starts becoming cheaper when you get to 25 years. It is statistically proven that drivers at this age are involved in less accidents compared to their younger age.
Best cheap insurance for teens?
The best cheap insurance have been listed in the article. Kindly take some time and check it out. It is worth the read.
Finding and even deciding on car insurance could be a bit tough. Hence, we advise you to always make thorough findings and identify the plan that is best for you before purchasing.
We are always here to guide you on your journey to purchasing car insurance through our carefully written article. You can always count on us.