What Is So Special About Womens Car Insurance?

Women drivers are well known for their well, it really depends on the perspective you are looking at them from. If you are a male driver that has an unbelievable need to put your foot down then they are nothing but a nuisance. However, if you happen to be a car insurer then you will probably be more than happy to offer them car insurance at a cheaper rate than you would a man of the same age, driving experience and make and model of car. Womens car insurance is a big sector of the insurance industry at the minute and there are plenty of reasons why.

Before looking at those reasons, it is important to check out just how much of a difference there can be between a male and female car insurance quote. Mr Bickley and his wife, Mrs Bickley, obtained quotes online for their brand new Ford Focus.

Both Mr and Mrs Bickley are 29 years of age and enjoy rural life. As a result, their home is in a low crime area. They also have a garage and an alarm system fitted just in case. Mr Bickley does have one more years no claims bonus than his wife, but their circumstances are identical otherwise.

As an experiment, they both went to E-Sure and CIS for car insurance quotes to see how much it would cost them to insure the car individually. Despite the extra year no claims for Mr Bickley, Mrs Bickley would have obtained the insurance for 107 cheaper.

Women receive lower car insurance quotes than men because they tend to have fewer serious accidents than men. In fact, they statistically have fewer accidents in general, and fewer claims as a result. Fewer claims ultimately mean that the individual insurer is far less likely to have to pay out high amounts and thus have a greater profit. This profit is passed on to the woman in the form of a discount!

Taking this into account and the coupling it with speed will also make a difference. Men have a need for speed that women do not seem to have. They tend to have more convictions for speeding than women because they drive faster and fail to concentrate as much!

Men also tend to buy more powerful cars. According to some insurers, women are more likely to choose a car out of practicality rather than aesthetic appeal, which is completely the opposite of their male peers! The parts for faster cars and those more likely to be stolen are more expensive and thus so are the insurance premiums!

There are also now specialist womens car insurance providers that will only offer cover for women. They will not insure men at all. Again, this makes the insurances out there more affordable for the female of the species and narrows the options for cheap car insurance for the men!