Insurance companies like women drivers better than men drivers because women are thought to be much safer drivers. It's not that women are less likely to get into accidents. They are just as likely to get hurt as men. Most of the time, though, the damage they cause is not as bad. So, after the accident, their claims are also less. Because of this, the average car insurance rates for women tend to be 30 percent lower than those for men with the same demographics.
Men drive faster than women do. So, accidents caused by women drivers aren't really that bad. So, even if they make claims as often as men do, they do so for less money overall, so their premiums are lower. Since men drive faster, even if they crash on their own, they still cause a lot of damage. If two cars are severely damaged in an accident, it's the worst case scenario for an insurance company.
From the age of 17, a woman is seen as a bigger risk than a man. For a young woman driver, there are many ways to save on premiums, such as getting a pass plus certificate. It's a set of extra lessons that a young woman learns after she passes her test. For the first year, it can get you a discount of about 30%.
Some auto insurance companies focus on covering women drivers. These companies try to only insure women who drive. They don't even recommend that a woman and her husband get insurance together. They can't give too much of a discount because they also have to consider her husband's high risk factors. So, they'd rather have a woman with another woman. It means that you pose less risk overall, which means that your premiums will be lower overall. That makes a lot of sense to them.
So, it's easy to figure out that the lower premiums could mean they don't make much money. But if they can get as many women as they can, they can do a lot of business. If you are a woman, check out these companies. The quote for lady car insurance also includes legal coverage. It helps you get your excess back from the third party if you don't cause the accident. You can lower your premium even more by keeping your car in a garage overnight, taking an extra driving course, and keeping a clean driving record.
