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Car Insurance For Lady Drivers
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.
Joseph Kenny
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