Car insurance for lady drivers
by Joseph Kenny
|
Car insurance companies
prefer lady drivers to their
gentlemen counterparts
because they are considered
as much less risky drivers.
It is not that the accident
rates of ladies are low.
They face as many accidents
as males do. However, the
damage caused by them is not
as much in most of the
cases. So, their claims
after the accident are also
less. That is why on an
average women's car
insurance premiums tend to
be 30% lower than that of
the male counterparts having
same demographic profile.
They drive at speeds lower than men. Hence, accidents caused by lady drivers are not serious. So, even if they might claim as often as males do yet, in all they claim less amounts, giving insurers lesser premiums. Since the male drivers drive at higher speeds so even if they crash on their own, the loss is high. In case, the accident involves two vehicles in high damage state, it becomes an insurance company's nightmare. A lady is regarded to be a better risk right from the age of 17. There are many premium discounts available for a young lady driver, like pass plus certificate. It is a series of extra lessons that a young lady driver learns following their test. It can gain you a discount of around 30% for the first year. Some car insurance companies specialise in auto insurance for women drivers. Literally, these companies try to insure women drivers only. 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 woman with woman. It means providing less risk in total, meaning lower premiums in total. That really clicks for them. So, the calculation is simple - the lower premiums might mean that they don't make much profit. However, if they can get as many women as possible, then the volume of business can go high. Look out these companies if you are a woman. Lady car insurance quote includes legal cover as well. It 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 parking your car overnight in the garage, by getting extra driving license course, and maintaining a good driving record. About the author: Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/ where you will find information, news and links to the leading providers of car insurance in the UK. |
