Your Personal Finance Questions – Women’s Auto Insurance, Health Coverage, and Designating a Beneficiary for a Life Insurance Policy

Q My auto insurance renewal date is approaching and I don’t know what to do. I have dealt directly with an insurer over the past few years, and it has been generally positive. But I think it’s time for a change and they don’t seem to have a special offer for women pilots. I wonder if there really is a premium difference in choosing a female-focused provider, especially since men can purchase their insurance through them as well?

A There are several factors to consider when renewing your auto insurance. It is good practice to treat your renewal letter from your insurer as a guideline price. Think of it as the highest bid.

You certainly don’t want to pay more, and you can quite possibly do better while shopping, says manager Deirdre McCarthy. Insurers generally reserve their best prices for new customers. Therefore, starting your research about three weeks before the renewal date will give you plenty of time to get the best value for your money, she said.

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Justin D. O'Neill

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