What Is So Special About Womens Car Insurance?
July 29, 2008
Women drivers have a reputation on the road, although it really depends who you are talking to as to what that reputation is. Other drivers, male drivers, on the road are constantly bemoaning the bad women drivers out there that do not drive off at an acceptable speed (within the limit). However, car insurance providers love them because they do tend to have several advantages over their male counterparts. This is one reason as to why womens car insurance is generally cheaper than the same level of insurance for male drivers. There are several reasons why this is so in the eyes of insurers.
However, it is necessary to look into the financial and practical reasons as to why car insurance quotes are cheaper for women than men. The former can best be explained by the case of Mr and Mrs Bickley from a small village in the West Midlands. Their brand new Ford Focus needed insuring and so they both set about getting quotes.
Mr and Mrs Bickley live in a rural village with little crime so they have peace of mind that their car is safe. However, they take safety precautions by putting the car in the garage every night and setting the alarm system. They are both 29 and have several years no claims bonus, with Mrs Bickley having 3 and Mr Bickley having 4.
To find the best deals, they both got separate quotes from two insurers - CIS and E-Sure. When both obtained the car insurance quotes, they found that Mrs Bickley would have to pay 107 less than her husband despite the fact that she had a years less no claims bonus!
Female car insurance quotes tend to be lower primarily because the statistics prove that men have more accidents on the road, and higher serious accidents as well as general ones. As such, men make more claims than women and cost insurers their higher profit margins every year!
Taking this into account and the coupling it with speed will also make a difference. Men have a need for speed that women do not seem to have. They tend to have more convictions for speeding than women because they drive faster and fail to concentrate as much!
Men also tend to buy more powerful cars. According to some insurers, women are more likely to choose a car out of practicality rather than aesthetic appeal, which is completely the opposite of their male peers! The parts for faster cars and those more likely to be stolen are more expensive and thus so are the insurance premiums!
There are also now specialist womens car insurance providers that will only offer cover for women. They will not insure men at all. Again, this makes the insurances out there more affordable for the female of the species and narrows the options for cheap car insurance for the men!
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