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Women's car insurance has been showing up throughout the web and our TV screens lately. There is a complete new class of insurers like Sheila's Wheels and Cover Girl who provide car insurance for females only. They assure lower rates for women motorists because, they state, it is cheaper for them to ensure women. Women are better people so a lowered risk, they say. They have fewer mishaps, fewer driving convictions and when they do have an, the repairs are usually cheaper. Therefore, is it actually true, or is it merely another marketing gimmick?
The answer to the question is both yes and no. Women only insurance providers are advertising to a certain niche - women drivers. Of course it is a device, but just like the best marketing jokes, it is based in reality. Listed below are the important points about women drivers and insurance:
-92% of driving beliefs are handed out to men.
These figures are changing, though, as women be aggressive individuals. According to statistics collected by the car insurance contrast website confused.com, 16.8% of male drivers have beliefs on the driving record, compared to 9.8% of female drivers. That number is up from 4.8% of female individuals just 3 years before.
-Men drive differently than women.
A year ago a monstrous 98% of dangerous driving beliefs were passed out to male owners. According to most of the research, men tend to be competitive and more aggressive driving than women, and that naturally contributes to more accidents. Women often drive more slowly - generally speaking within the speed limits - and to drive shorter distances. All of those details total up to fewer incidents that involve women. (So much for anyone jokes about lousy women drivers. The statistics say otherwise.)
-Insurance companies spend out less in damages for policies taken out by women.
They are generally of the fender-bender scrape range, when women do get into an incident. Overall, insurance companies have always known that female drivers cost less to them in winnings.
However, that does not of necessity translate to the best payments from women that are only insured by companies. In fact, many of them provide true prices which can be higher than the price you had be quoted from a more simple motor insurance carrier. The truth is that despite the common feeling that women drivers underwrite their more expensive male counterparts by paying higher insurance, many insurance companies offer lower insurance costs to female drivers as a customary part of working.
That's not to say that you'll not obtain the most readily useful price from an insurer who only protects women's vehicles. it's with any other car insurance decision the underside line may be the same. Shop around. Get insurance rate quotes from the quantity of different companies before you decide on the plan that's best for you. Keep in mind when you're evaluating policies that you should compare like with like. Determine the specific cover that you need before you start requesting estimates, and ensure that the price you're quoted includes all of the cover you need. It's really the only solution to be sure you're obtaining the most useful address for your money. advertiser