Cheap Insurance For Women ... A 9-Point Checklist

by : Mike Howell



So, you're trying to find cheap insurance. For women, there are two primary issues that you need to consider.

First, you should know that if your insurance agent or your insurance company recommended your plan, you are probably overpaying by up to 50% or more.

Second, when it comes to finding cheap car insurance, knowledge is power. Most of the time, the insurance company has the knowledge. With some due diligence on your part, you will have the knowledge and the power to save significant amounts on your insurance premiums.

When searching for cheap insurance for women, you need to ask lots of the right questions. Write your questions before you contact an agent so that you are organized and can cover each of the questions in detail.

You can use this checklist to guide your search for cheap insurance for women (NOTE: You can find a comprehensive, 40-page checklist at cheapinsurance.how2no.com):

.....1..... Get every discount to which you are entitled. Think of a discount as a premium reduction on your insurance if certain safety, lifestyle, or financial conditions exist regarding you or the vehicle(s) covered by your insurance company.

Make a list of the discounts you are currently receiving. Then, use an organized approach to discover additional discounts to which you are entitled. Your comprehensive checklist for additional discounts should include a variety of specific vehicle safety features as well as lifestyle issues. Also, certain financial tips might help you achieve a discount (such as paying semi-annually instead of monthly or paying online instead of sending checks).

.....2..... Review and change deductibles for comprehensive and collision. Make sure you fully understand both of these items. When searching for cheap insurance for women, you will find that your decisions regarding comprehensive and collision will revolve primarily around the age and condition of your vehicle(s).

.....3..... Review and change your bodily injury liability coverage. When determining appropriate coverage, there is an accepted formula that requires that you know your net worth. If you live in a state other than Florida, New Hampshire, or Wisconsin, you are required to carry this coverage.

.....4..... Review and change property damage liability coverage. Again, you will need to know your net worth in order to determine the appropriate coverage. If you live in a state other than New Hampshire or Wisconsin, this coverage is required.

.....5..... Review, change, cancel, or decline uninsured/underinsured motorist coverage. Your state may or may not require these coverages. If you are required to carry this coverage, be sure to take steps to minimize your premiums. Some states (including Arkansas, Hawaii, Idaho, Indiana, and New Mexico) have special requirements you will need to understand.

.....6..... Review, change, cancel, or decline no fault/personal injury protection. Depending on the state in which you live, there are a variety of options available. If you live in Kentucky, Massachusetts, or New Jersey, your search for cheap insurance for women will be easier because you can save up to 40% on this premium by electing the proper coverage.

.....7..... Review, add, cancel, or decline medical coverage/medical payments. Tip ... if you already have good medical/hospitalization insurance, you do not need this coverage (unless you live in Maine, New Hampshire, or Virginia).

.....8..... Get rid of accidental death/dismemberment coverage, loss of sight coverage, and any other "loss of" coverage. When looking for cheap insurance for women, evaluate other options for life insurance or other types of specialty coverage.

.....9..... Cancel or decline the "extras" and get rid of comprehensive/collision coverage on your old vehicles. This includes items such as roadside assistance and rental car reimbursement.

You can conduct a successful search for cheap insurance for women by simply getting organized and asking the right questions. If you will take the time to prepare properly, you will have both the knowledge and the power to realize significant savings on your insurance premiums.