
Car Insurance for Women
Women are paying almost as much as men for car insurance. Bankrate explains.
Insurance is the highest form of self-care. Protecting yourself and your family against financial ruin provides peace of mind, security and freedom.
— Lizzie Nealon
Lizzie Nealon is an insurance contributor for Bankrate. Her favorite part of writing content is making home, auto and life insurance digestible for readers so they can prepare for the future.
Lizzie earned her bachelor’s degree in political science from Clemson University. At Clemson, she co-founded a campus publication called the Sensible Tiger that made news and politics digestible to college students. This experience instilled her passion for helping audiences navigate complex topics like insurance.
She enjoys partially completing New Yorker crosswords, finding the best local restaurants and reading biographies in her free time.
Insurance is the highest form of self-care. Protecting yourself and your family against financial ruin provides peace of mind, security and freedom.
— Lizzie Nealon
Women are paying almost as much as men for car insurance. Bankrate explains.
When car insurance companies calculate rates for individual auto insurance policies, they look at a bunch of factors unique to the driver, including the make and model of their vehicle. And since the vehicle in question is a luxury sports car (which makes it more expensive), coverage for it is similarly pricey.
The cost of car insurance is determined by a number of factors, many of which involve personal information like your age, location, driving history and credit score. The type of vehicle you choose also makes a difference, as does the coverage you select and whether you need full coverage or state minimum insurance coverage.
The true cost of car insurance refers to the average proportion of income drivers spend on auto insurance coverage. Nationally, drivers spend an average of $1,771 per year on full coverage car insurance, which accounts for 2.57% of the average American’s annual income.
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