Car insurance companies and women
drivers make for a relationship based on mutual gain. This is why car insurance
companies often favour women drivers when it comes to premiums. As a general
rule women tend to get cheaper car insurance than men. The reasons for this are
straightforward and in some ways predictable.
Budget
car insurance for women has become a reality because, although
numbers-wise women and men make a similar amount of claims, what differs is
that the claims women make are for accidents of a less serious nature, such as
minor bumps and scrapes.
Additionally, accident repairs on male drivers’ vehicles tend to be more
expensive to fix, and this is reflected in the premiums they are required to
pay.
Looking at the annual mileages travelled by drivers each year, statistically
males have significantly higher annual mileages than women and therefore are
exposed to greater risks. Cheaper car insurance premiums and low annual mileage
go hand in hand.
Another factor is that women generally drive less aggressively than men.
Because they tend to have fewer speeding fines and endorsements on their
licences they are classed by insurers as safer drivers.
Car insurance only for women in the UK can be found via a few specialist
insurers, such as Sheilas’ Wheels, Diva and Diamond.
Cheap modified
car insurance for women drivers is best sought through
insurance brokers, who will have listings of vehicle insurers who specialize in
covering modified cars.
Cheap car insurance for young women can be harder to come by. This is
because, statistically, young or newly qualified drivers have more accidents
and make more claims for things like car theft and vandalism and therefore pose
a higher risk to insurers. However cheap car insurance can be in reach for
young women drivers.
Women over 40 can get car insurance at more attractive prices due to being
classed as “mature drivers”. This would apply in particular to those female
drivers with good no claims histories and clean driving records.
Cheap car insurance for women who drive sporty cars is another example of cover
which might best be sought through specialist insurers. This is because of the
higher risk involved in insuring these types of cars.
For those men out there who may be feeling a little put out, there are ways for
male drivers to cash in on the benefits that women currently enjoy in paying
lower car insurance premiums.
Investigate being a named driver on a woman’s insurance policy. This may well
work out to be cheaper than being the principal driver yourself.
Alternatively, having a woman added to your own car insurance policy as a named
driver can in many instances result in a lower premium.