Car Insurance For Women Can be Cheaper

May 12, 2017 · Posted in General 

In the past, females were underprivileged, but in modern times they are treated so special so that they pay less for car insurance compared to their male counterparts!

Women Drivers Preferred!
Auto insurance companies prefer women drivers to their gentleman counterparts because ladies are considered to be much less risky drivers. It is very ironic because ladies cause just as much accidents as males do, but the damage caused is much lower compared to their male counterparts. That is why women sometimes gets up to 30% discount at insurance companies.

Why … because women are careful
Women drivers are much more careful on roads, and they drive at lower speeds than men. Hence, fewer accidents are caused my lady drivers in general, and they are not that messy compared to men’s. So, although their accident rates are about the same as males, they claim less, resulting in lower premiums.

Men Drivers tend to Speed … Undeniable
Because male car owners driver at very high speeds, their accidents usually results in high damage and cost, even if they are the only ones involved.

A lady is regarded to be less of a risk, even from the age of 17. There are many premium discounts available for any young lady driver, like pass plus certificate. It consists of a series of extra lessons that a young lady driver can take following their drivers test. This can give you a discount of around 30% for the first year.

Insurance companies gives preferred rates to women drivers
Some car insurance companies specialise in auto insurance for women drivers. Literally, these companies insure women drivers only, for example First for Women. They don’t even encourage getting a lady insured with her husband under combined policy because they can’t give too much discount, as they have to think about her husband’s high risk factors as well. So, they would prefer women with women. It means providing less risk in total, meaning lower premiums in total.

The calculation of female car insurance is simple – the lower premiums might mean that they don’t make much profit. However, if they can get as many women as possible, then the volume of business can go higher. Look out for these companies if you are a woman. A lady car insurance quote includes legal cover as well. This helps you to claim back your excess from the third party in the event of a non-fault claim. You can further lower your premium by parking your car overnight in the garage and maintaining a good driving record.

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