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Female Driver Holding The WheelYour background plays a big role in how much you pay for auto insurance. Factors such as your driving habits and your credit score can play a role. Even your gender can impact how much you pay for car insurance.

There's often not much you can do about the impact of gender on insurance rates. However, you can select an auto insurance provider that doesn't use it as a determining factor in costs.

Which Factors Affect Insurance Rates?

The most common factors impacting how much you pay for auto insurance include:
  • The type of vehicle you own (make and model) and its year
  • Your driving record
  • Your credit history
  • Your age
However, many insurers will also consider whether your gender will increase the likelihood of claims. Insurance providers will generally take this into consideration when drivers are younger.

Who Pays More? Men or Women?

Typically, women will pay less for car insurance when they are younger than men. By the time most people are in their mid-20's, this rate difference goes away.

So, why does this happen? It's because women are less likely to be in high-risk situations. Comprehensive studies performed over decades have indicated women are less likely to:
  • Commit moving violations, such as DUIs and speeding
  • Cause a car accident
  • Buy high valued cars that are much more expensive to insure
  • Drive as much as men
A variety of factors play a role in determining insurance rates, though. In fact, there are some areas where men will pay significantly more than women.

What Should You Do About This?

As you can see, many of the factors that lead to a gender gap in insurance rates are directly related to driving behavior. But, by taking steps to drive safer, you can likely reduce your rates. Regardless of your gender, you should consider these tips:
  • Avoid high-risk driving, such as speeding.
  • Don't drink and drive.
  • Purchase a sensibly priced vehicle.
  • Avoid car accidents by improving your on-the-road skills.
  • Remain a vigilant driver and take defensive driving courses.
Keep in mind that, in 2012, 71 percent of all car accident-related deaths were males. Also, studies have shown 88 percent of women in the front seat wear seat belts, but only 84 percent of men do. Do your part to help lower these statistics, and you might be rewarded with a lower premium.

Allegiance Insurance Group can help you get the best level of financial protection behind the wheel. Call us at (803) 546-4707 for an instant car insurance quote.
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