The reason why women do not pay as much for their auto insurance is overall they are involved in less insurance claims than 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.
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. The problem is that although both sexes actually face similar driving conditions, when a man has an accident, the damage to the vehicle is normally far greater than if a woman had been driving. 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.
There is also the fact that damage to vehicles driven by women is not as bad owing to the speed they travel at so the cost of repairs is generally lower and so subsequent premiums are also lower. .Insurance figures show that the damage caused to a car that is driven by a man is much greater as they travel at higher speeds. 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. They are just working with the statistics and believe that having a man on the policy will just increase the chances of a large claim meaning that premiums will have to rise.
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. 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. Further discounts can be made when a car is parked in a garage and if the person takes advanced driving lessons in addition to a clean license.
It is worth noting that auto insurance companies that only insure women drivers are often small and cannot always offer the same discounts as larger companies that do not have ladies only policies. 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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