Cheaper Car Insurance Tips for Women

Although too many men it seems unfair, it is true that women are not as likely to claim on their car insurance as men. The reasons for this are not conclusive but point towards a few known facts such as the speed at which women are more likely to drive at plus they are less likely to drive sports vehicles.

It is for this reason that car insurance providers are happy to give policies to women than men as they know that there is less of a chance they will make an insurance claim.

Men are also more likely to make larger claims on their insurance and even though the risks faced by women drivers are the same, their claims are almost always lower. That is why on an average women’s car insurance premiums tend to be 30 percent lower than that of the male counterparts having same demographic profile.

Women usually drive slower than men so accidents caused by lady drivers are not as serious so in most instances the claims are lower ensuring insurers pay out less; lowering premiums.

Since men generally drive at higher speeds, when they have an accident, the loss is high and when the accident involves two vehicles with high amounts of damage, it becomes an insurance company’s nightmare. A lady is regarded to be a better risk as soon as they start driving, even at an early age and there are many premium discounts available for women drivers.

For many years now it has been possible for women drivers to obtain auto insurance from companies that only provide car insurance to women. Providers are just trying to protect their assets and other member’s premiums which will have to rise if they have to pay out for large claims made by male drivers.

The downfall to this specialization is that the profits for these companies is lower because the amount of each premium is less but can often be counterbalanced by the increase in members using the service.

If you are a woman then you really need to get a quote for a lady’s car insurance policy preferably one that includes legal cover as well as it will help to claim back any excess from the third party in the event of a non-fault claim. Clean driving licenses are also a way to keep premiums down and additional discounts can be included where a vehicle is stored in a garage when not in use.

One last point to consider is the size of the insurer, specialist women only insurance companies are usually smaller and may not be able to compete with a general insurance company that is much larger. Whilst it may at first seem like a good idea to use a specialist insurer, it is sensible to check out the quotes from other insurers before you commit to anything.