Womens Car Insurance Quote Free Important Info
Regrettably for men, it would seem the reason they are penalised on their auto insurance rates is because they are involved with more claims than females drivers. Relying on statistics alone, females seem to be better drivers - perhaps it is because they drive slower and are more cautious than males; often they driving more modest vehicles based on outstanding safety features.
For these reasons, auto insurance providers are happy to provide a discount on their insurance rates not afforded to male drivers. Men are also more likely to make larger claims on their insurance and even though the chances faced by females drivers are the same, their claims are almost always lower. What this means is that females will only pay around seventy percent of the amount for their premium that a man will pay based on similar circumstances.
Of course the primary reason insurance rates for females are lower are because they are slower, safer drivers and so accident repairs are not as high as for men. As the speed that most male drivers travel at is substantially higher, often above the speed limit for the road; when accidents occur, they result in far more damage to the vehicle and a greater price to the insurance provider. 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 females 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 big claim meaning that premiums will have to rise.
These companies may exist with a lower profit margin than most big insurance firms but they are able to attract many customers to make up for the shortfall in individual premium shortfalls. For many women, it is now quite normal to arrange car insurance that also provides legal protection in the event of claims. To reduce the cost of rates further, it is always worth storing a automobile in a garage where possible and of course making sure the driving license stays clean.
Always bear in mind that specialist insurance underwriters (and females only companies fall into this category) are not always the cheapest to deal with and now and again, despite the discounts, they are not necessarily going to be the most competitive auto insurance provider. Whilst it may at first seem like a good idea to use a specialist insurer, it is sensible to check out the quotes from other insurance companies before you commit to anything.