The reason why women do not pay as much for their auto insurance is because they are involved in less insurance claims than men. Relying on statistics alone, women seem to be safer drivers; perhaps it is because they drive slower and are more cautious than men; often driving more modest vehicles based on excellent safety features.
Whatever the reason, car insurance companies prefer lady drivers to their gentlemen counterparts because they are considered as much less risky drivers although it is because the accident rates of ladies are lower. Even though the risk of an accident is equal in both sexes, the damage caused to a car driven by a man is much greater than that caused by a woman. In light of these facts it is not surprising to find that the insurance premium a woman will pay is usually around thirty percent less than that paid by a man.
Part of this is down to the slower speed that the average woman drives at which means that most accidents do not have such severe damage which translates to smaller payouts by vehicle insurers. Whereas, road accidents where the drivers are male often result in more damage to property and other vehicles as their speed is higher which means the insurance company has to pay out more. Women are even considered to be a better risk even when they have only just passed their driving exam.
Some car insurance companies specialize in auto insurance for female drivers and will only insure women; they will not even insure a woman who wants to put her husband on the same auto insurance plan. 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.
Working to a budget like this means the company will not make as much profit so they will have to attract more members than would normally be required. 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. It is always possible to obtain further reductions in the premium by fitting anti-theft devices and parking in a secure garage when not in use.
Always bear in mind that specialist insurers (and women only companies' fall into this category) are not always the cheapest to deal with and sometimes, despite the discounts, they are not necessarily going to be the most competitive auto insurance provider. 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.
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