Despite all the jokes that people (usually men) love to tell about women drivers, in the car insurance industry the fact remains that car insurance is cheaper for women.
Why is Car Insurance Cheaper for Women?
The reason why ladies get better rates on car insurance is that they are seen as less of a risk by car insurance companies. Women tend to be safer drivers and have fewer accidents. If a woman does have an accident, it is usually a bump or scrape and not a complete write-off. Also, statistically women drivers have lower mileage on their cars than their male counterparts.
Online Auto Insurance Quotes for Women
In addition to the usual discounts offered to women drivers, an even better quote can be obtained by shopping online. It is firstly convenient to compare rates online from the comfort of home and secondly an insurance applicant can benefit from an additional discount of up to 10% by shopping on-line for auto insurance.
Men and Women can Benefit from Car Insurance for Women
Men can benefit from a woman's car insurance policy. Being added as a named driver on a woman's policy can work out much cheaper than a policy in a man's name, its worth looking at what is available. If a man does have a policy in his own name, it can also help to add woman as a driver onto the policy as this can bring premiums down.
Tips to Bring Down the Cost of Car Insurance
- Build up a record of safety by driving within the speed limit, slowing down and being alert on the roads. Leave on time for a destination so that impatience, road rage and weaving in the traffic can be avoided.
- If the insured has a record of not claiming, a no-claims bonus can be added to the car insurance policy which will make the premiums much lower.
- Arrange to have a higher excess on the policy. This means if there is a claim, the insured will pay a stipulated amount and the insurance company will pay the rest. The higher the excess the insured agrees to pay, the lower the premiums will be.
- If the insured lives in a high crime area and the car is parked in the street, premiums will be higher. If at all possible, lock the car in a garage or behind a locked gate at night.
- An additional discount will be offered by many car insurance companies if the car has an immobilizer or satellite tracking device installed.
Most people need to cut back and save wherever possible in these times of financial crisis. The cheap insurance options available for a woman (and her husband/boyfriend) make comparison shopping, especially online, well worth the time. It may well save hundreds of dollars on a car insurance policy.
Related articles:
Life Insurance Policies - Choosing Between Term and Whole Life Insurance
What is a Car Insurance No Claims Bonus
Fleur Hupston - Fleur Hupston is a professional freelance writer based in Botswana, Southern Africa. From this unique perspective, she writes travel ...
Join the Conversation