Auto Insurance For Women

Looking For Auto Insurance? Get instant quotes online:

The reason why women do not pay as much for their auto insurance is overall they are involved in less insurance claims than men. Studies have shown conclusively that men are not as safe behind the wheel mainly because they drive faster than women and are more likely to take risks, although many women prefer to drive cars with the most up-to-date safety features.

So, car insurance providers prefer to insure women drivers to men as the risk of an accident and claim is lower than those for men. Although the fact is they face as many accidents as males do but the damage caused by them is not as much most of the time, so their claims after the accident are also less. What this means is that women will only pay around seventy percent of the amount for their premium that a man will pay based on similar circumstances.

Because it is a known fact that women drivers generally drive within the speed limits, any accidents they do have are of a more minor nature which means repairs do not cost as much thereby keeping premiums down. 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. Not only this, but women are usually treated as preferred drivers even when they have less experience than men.

In view of this, a number of specialist car insurers will only sell their auto insurance plans to females with no men allowed, not even husbands. In these circumstances they have to think about the husband’s high risk factors as well and they would rather prefer two women on the policy as it means providing less risk overall, meaning the insurance premiums will be lower.

Although the lower the premiums means they won’t make as much profit, if they can get as many women as possible, then the volume of business will be much higher. For many women, it is now quite normal to arrange car insurance that also provides legal protection in the event of claims. To reduce the cost of premiums further, it is always worth storing a car in a garage where possible and of course making sure the license stays clean.

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. Considering the ongoing costs involved with any type of insurance, the best course of action is to compare companies and obtain quotes from a number as you may discover a general insurer who is cheaper.