Being a female vehicle owner in modern times has never been so beneficial seeing that you can enjoy lower insurance premiums than your male counterparts.
Auto insurance companies prefer women drivers to their gentleman counterparts because ladies are considered to be much less risky drivers. It is very ironic because ladies cause just as much accidents as males do, but the damage caused is much lower compared to their male counterparts. That is why women sometimes gets up to 30% discount at insurance companies.
Women drivers tend to be more cautious on the roads by driving at lower speeds than men. Hence, accidents caused by lady drivers are in general not that serious. So, even if they might claim as often as males do yet, in all they claim less amounts, giving insurers lesser premiums.
Because male car owners driver at very high speeds, their accidents usually results in high damage and cost, even if they are the only ones involved.
Ladies are believed to be less of a risk, even at the age of 17. Many premium discounts exist for young lady drivers, like the pass plus certificate. Discounts of up to 30% are sometimes achievable.
Some car insurance companies specialise in auto insurance for women drivers. Literally, these companies insure women drivers only, for example First for Women. They don’t even encourage getting a lady insured with her husband under combined policy because they can’t give too much discount, as they have to think about her husband’s high risk factors as well. So, they would prefer women with women. It means providing less risk in total, meaning lower premiums in total.
Calculation of lady auto insurance can be extremely simple – Lower premiums results in less profit. However, many of the insurance companies rely on a huge customer base. Look out for these companies if you are a woman. A Lady car insurance quote includes legal cover as well. This helps you to claim back your excess from the third party in the event of a non-fault claim. You can further lower your premium by
Want to find out more about car insurance, then visit Freedom Insurance and get the best car insurance quotes for your needs.
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