There are many things that ladies are known to excel like multi-tasking. However, gentlemen aren’t going to easily concede that they are better drivers. To the contrary, there are actually tons of jokes about female driving and especially motoring skills. So, let’s have a look at if companies really offer cheaper car insurance for women and why.
Are They Safer?
One of the main reasons why drivers get offered lower rates is that they prove to be safer on the roads. That is why young drivers get wacked with almost extortionate charges because they are inexperienced and hot headed that makes them a liability. So, safety is a key issue and ladies are statically proven to involve in less accidents. A large percentage of high speed and fatal crashes are caused by male drivers. And those collisions cost a lot in terms of material damages and injuries.
The point of the argument here isn’t being a better driver but safer. Female drivers are more cautious, they observe speed limits and drive slower for many reasons. They may involve in similar number of incidents but their crashes are less impactful. One of the main reasons is that statistically ladies more often have children in the car with them that force them to be extra careful. There is no need to be defensive here because these are statistically proven points.
Do They Really Get Lower Vehicle Insurance Rates?
Again, it is a well-known fact that women on average get at least 10% cheaper quotes from most companies they apply simple because they are considered less risky. It may sound that men are penalized but they don’t actually compensate for their counterparts. One getting better prices doesn’t make the other worse off.
Also, companies are allowed to look at gender specific data and set rates accordingly. It is not a discrimination in any way but more like looking at the information available and using it to make a sound business decision. There are so many data points considered while calculating auto insurance premiums and gender is one of them.
It is best to know these things and use them to our advantage. For example, if you have only one car in the family it may be cheaper to insure it under the female partner’s name and list the male partner as a driver. Both are insured but the family ends up paying less. These simple tricks are highly useful to get the discounts available.
There are so many savings by companies and qualifying for as many of them as possible is a way to achieve more economical policies. For example, always mention it if you own your home because homeowners get discounts for some reason.
Also, no matter who you are or where you are from always shop around for the best deals. One of the easiest and largest savings are achieved by simply going online and getting a few quotes. If you don’t do this one simple thing you really cannot complain that your vehicle insurance is expensive. Of course, they will try to get as much money as they can and your job is to fight against it.