Can Women Really Save Money with a Womens Car Insurance Policy?
If you have looked on the internet lately, you may have noticed that womens car insurance has become very popular. There are many new specialist womens car insurance brands such as Diamond car insurance and Sheilas Wheels that are now offering car insurance just for women. They promise to offer cheaper premiums for women, because they claim it is cheaper for them to insure women alone. These companies say that women drive more safely and that they have fewer convictions, accidents and claims with cheaper repair bills. So, is cheap car insurance for women really true or is it just another marketing gimmick?
In reality, the answer to this question can be both yes and no. Insurance companies are marketing these policies specifically towards women drivers. Yes, it is a gimmick, but like the best gimmicks in marketing, this one is based in truth. The following are the facts when it comes to insurance for women drivers.
Fact #1 Men Get 92% of Driving Convictions
This is true, but those statistics are beginning to change as women are getting more aggressive behind the wheel. According to recent statistics, more than 16% of males have some type of driving conviction on their record, while only about 9.8% of women have a driving conviction. The numbers for females are up since three years ago when they were only at 4.8%.
Fact #2 Women and Men Drive Differently
Believe it or not, 98% of dangerous driving convictions that were handed out went to male drivers. Men tend to be more competitive and aggressive when they are driving according to research, which of course leads to having more accidents. Women usually drive slower as well, and usually within the speed limit for shorter distances. So, all these facts add up to show that women are involved in fewer accidents.
Fact #3 Insurance Companies Pay Out Less for Women
It follows that if women have fewer accidents they should make fewer claims. When they actually do have an accident, usually the damage is minimal and repairs cost less. So, companies know that women drivers usually cost them less.
It is important to note that all these facts do not mean that women are going to get the best premiums from an insurer that only deals with women. Many of these female car insurance companies actually offer quotes that are quite a bit higher than general motor insurance companies would offer. Most insurance companies today do offer lower rates for women as a general rule, so specific insurance companies for women may not offer the best price.
However, this does not mean that you wont get a great price from an insurer that caters only for women. As with any other car insurance decision the key is to take your time and shop around. Make sure that you get a variety of different quotes from different companies before you decide on the policy that is right for you. Know what cover you need, and then compare that cover with as many different companies as possible. This is the only way that you can be sure you are getting the very best cover and value for money.
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