Cheap Car Insurance for Women in 2024

Women pay slightly less for car insurance than men in most situations. This is because insurance companies see women as less of a risk behind the wheel, allowing women to save around 5% on average for their auto insurance coverage.

If you are searching for the best car insurance companies for women in your area, it’s important to compare quotes from several options before you make your decision. Comparing quotes will help you take advantage of discounts and save money to get the coverage you need at a price that fits your budget.

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Where can women find cheap car insurance?

You should shop and compare car insurance quotes from several companies to find the cheapest coverage options for women in your area. While your gender may have an impact on your insurance rates, other factors, like your age, location, driving history, and credit score may make more of an impact on your monthly or annual insurance payments. 

How can I find affordable car insurance as a woman?

To find the most affordable car insurance rates in your area, you should compare car insurance rates for women with multiple insurance companies.

On average, State Farm offers the cheapest car insurance coverage for women. In some cases, State Farm provides rates that are 30% cheaper than rates with other auto insurance companies.

Car Insurance Monthly Rates by Age, Gender, and Coverage Level

State Farm charges around $146 per month for auto insurance for women. Geico is next, charging around $202 each month. Rates are around $219 per month for women with Progressive and $264 monthly with Allstate.

How much is car insurance for teen girl drivers?

Teen drivers pay more for car insurance than any other demographic due to a lack of experience and being more of a risk behind the wheel.

Full Coverage Car Insurance Monthly Rates for Teen Drivers

With State Farm, teen boy drivers pay $4,205 annually or $350 each month for auto insurance, while teen girls pay $3,347 annually or $279 monthly. The cost of car insurance is higher for teenage boys than teenage girls, but some companies charge higher rates for women. 

For example, in the teen driver category, Geico charges slightly more for women than men. Teen girls pay $4,794 annually or $400 per month, while teen boys pay $4,718 annually or $393 each month. With Progressive, teen male drivers pay $5,316 annually or $443 monthly, while females pay $4,786 annually or $399 per month.

Teen girls and boys pay the same rates for coverage with Allstate. Teen drivers pay $5,543 annually or $462 monthly with the company. Learn how to compare car insurance rates for teen drivers. 

Which company offers the best cheap car insurance for new or young women drivers?

The average car insurance for a 17-year-old female is $4,618 annually or $385 per month. Still, some companies offer cheaper rates for this demographic. 

State Farm offers the cheapest rates for new women drivers, charging $3,347 annually or $279 per month. However, rates for teen and young adult drivers can be expensive, so it’s important to shop online and compare quotes from multiple insurance companies before committing to a policy.

If you are a teen or young adult driver, you may save money by joining your parent or guardian’s policy. In addition, most companies charge less for auto insurance coverage if you join another adult’s policy rather than purchasing your own. Compare joint ownership car insurance to find the best rates.

You may be eligible for a good student discount or discounts based on memberships and affiliations that could help you save more on your coverage. Additionally, some insurance companies offer discounts to people who take a defensive driving course. 

As stated earlier, State Farm offers the cheapest car insurance for young female drivers under 25. The average cost for a 24-year-old female driver is $2,159 annually or $180 each month. State Farm charges $1,457 annually or $121 per month for the same age group.

Read more: State Farm Car Insurance Discounts

Young adult female drivers typically pay less for car insurance than young adult male drivers, though it varies from one insurance company to the next. 

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How much is car insurance for women over 50?

Women over 50 may pay less for coverage than men of the same age group, though it’s not nearly as noticeable as male and female teen rates.

Average Monthly Full Coverage Auto Insurance Rates for 55-Year-Old Drivers

If you’re a female over 50, you may want to get quotes from State Farm first. The company offers cheaper rates to women than many other well-known insurance companies on average. Annual rates for coverage with State Farm cost $1,049 annually or $87 per month. 

Which car insurance company is best for single women?

Your marital status and your age can significantly impact your car insurance rates. In fact, car insurance rates may be higher for singles versus married couples.

State Farm rates do not vary based on your marital status, while rates with Geico vary up to 4%, and Allstate’s rates vary around 2%. Therefore, State Farm might be a good option for single women who do not want their marital status negatively impacting their auto insurance rates.

Learn more about the cost of married car insurance versus single car insurance.

Read more: Compare Single-Mother Car Insurance Rates

Can women get specific car insurance discounts?

Women may be eligible for certain car insurance discounts that could help decrease their overall coverage rates. Some of the most common discounts include: 

• Group affiliation
• Multi-policy
• Defensive driving
• Equipment
• Safety devices
• Good driver
• Military
• Multi-car
• Preferred payment
• Good student

If any discount opportunities might work for you, speak with your insurance company to learn how much you could save on coverage. Some companies allow people to save up to 25% with auto insurance discounts, which could significantly impact your overall auto insurance rates. 

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Are there other ways for women to save money on coverage?

Here are some ways to save money on car insurance as a woman.

Lower Your Coverage Amount

If you have a full coverage policy, you could change to a liability-only policy to save money on your rates. However, keep in mind that minimum coverage does not protect you or your vehicle if you’re at fault in an accident.

Avoid Filing Claims

With a clean driving record, you should pay less for your car insurance. If you have a minor accident or your vehicle is slightly damaged, consider paying for repairs out of pocket instead of filing a claim. Doing so could help you save money on your rates in the future. 

Compare Rates

Find and compare rates with other companies to ensure you are not overpaying for your coverage. If you have auto insurance, compare rates with other companies at least once a year to find the cheapest car insurance in your area.

How much does gender matter for car insurance rates?

In the grand scheme, your gender is not the most important factor insurance companies consider when developing auto insurance rates. The factors that affect car insurance rates may include:

• Age
• Driving record
• Car make and model
• Credit score 
• Marital status

Your driving history typically has the biggest impact on your car insurance rates. If you have a clean driving record, you can expect cheaper rates. Similarly, you will pay more for your coverage if you have an at-fault accident or multiple infractions on your driving record.

Average Monthly Full Coverage Auto Insurance Rates Based on Driving Record

Rates could increase as much as 48% for young adult drivers, regardless of gender, if they have an at-fault accident on their record.

Why is car insurance cheaper for women?

Most companies charge higher rates for men because of the statistical correlation between male drivers and an increase in car insurance claims. 

Men drive more miles on average than women, making them more likely to get into an accident. Additionally, young men are more likely to be involved in an accident and make a car insurance claim. 

Statistics prove that men are more likely to engage in risky driving behaviors, like speeding and driving under the influence. Because of this, auto insurance companies offset some of the risks of payouts by charging men more for auto insurance coverage.

Why do companies use gender to determine rates?

As stated previously, men are more likely to be in a car accident and file a claim. Insurance companies increase men’s rates slightly to offset the increase in claims and payouts. Not all insurance companies charge rates based on gender, and the difference decreases substantially for individuals over 25.

Certain states — Hawaii, Pennsylvania, North Carolina, California, and Montana — do not allow insurance companies to change rates based on a person’s gender. 

Which states charge the same amount for car insurance for men and women?

The following states do not increase rates for men:

• Michigan
• California
• Hawaii
• Massachusetts
• Montana
• North Carolina
• Pennsylvania

If you live in a state that is not included in the list, speak with your insurance provider to learn whether your gender impacts your rates. 

Read more: Compare Male vs. Female Car Insurance Rates in Florida

Do men or women pay more for coverage?

Men pay more for auto insurance on average, though it depends on the company as to the difference a person’s gender makes.

As you age, your gender is less likely to impact your car insurance rates. For example, a 17-year-old male driver pays $328 more annually for car insurance, while a 65-year-old male pays just $37 more on average.

Car Insurance Rates for Women: The Bottom Line

Women tend to pay less than men for car insurance, but rates are still impacted by location, driving history, credit score, and more.

If you want cheaper car insurance as a female, you can shop online and compare rates with multiple companies. Doing so should help you find the coverage you are looking for at a price that fits your budget.

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