Unfortunately for men, female car insurance premiums are much lower it would seem the reason men are penalized on their auto insurance premiums is because they are involved with more claims than women drivers. Women are also keen to drive safe cars and overall will not take as many risks when driving as a man or drive as fast according to statistics.
So, female car insurance providers prefer to insure women drivers to men as the risk of an accident and claim is lower than those for men. Although the fact is they face as many accidents as males do but the damage caused by them is not as much most of the time, so their claims after the accident are also less. That is why on an average women's car insurance premiums tend to be 30 percent lower than that of the male counterparts having same demographic profile.
Because it is a known fact that women drivers generally drive within the speed limits, any accidents they do have are of a more minor nature which means repairs do not cost as much thereby keeping premiums down. As the speed that most male drivers travel at is considerably higher, often above the speed limit for the road; when accidents occur, they result in far more damage to the vehicle and a greater cost to the insurance provider.
Not only this, but women are usually treated as preferred drivers even when they have less experience than men.
Women are also able to apply for female car insurance policy from companies that will only insure lady drivers, often even refusing male partners from their policies. 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. For many women, it is now quite normal to arrange car insurance that also provides legal protection in the event of claims.
You can further lower your premium by parking your car overnight in the garage, by attending extra driving course and maintaining a good driving record.
One important piece of advice is that women only insurance companies are not necessarily less expensive than a larger, general insurance company that provides auto insurance. So, check out these women only insurance companies by all means but shop around and get the best quote you can as you may find it less costly elsewhere.
Author Resource:-
Author of this article, Dola Raheem provides detailed information on how to find cheap Car insurance for females. He professes special interest and expertise in female car insurance and in guiding you on its various details
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