Why Women Are Likely to Avail of Cheaper Car Insurance
Car insurance for women is cheaper in many more cases than it is for men. There are many reasons for this. Statistics indicate that there are more male car owners than female car owners. This is probably due to the fact that men are more confident in driving than women are. Many women also choose to hire drivers. At the same time, a lot of women do not fancy cars, because they find it expensive to own one, considering there are maintenance and repair costs involved in the future. So, one reason why car insurance is cheaper for women is because there are fewer women driving on the road than men.
The driving behavior of women can also be cited as a reason. Women are generally more careful drivers, while men tend to be very adventurous and careless. You would see more men than women speeding along the highway. Female drivers tend to run their cars with caution. At the same time, fewer women drive drunk. These are why women are less likely to be involved in car accidents.
The car buying preferences of women also make them likely candidates for cheap car insurance. Women’s cars are usually smaller than men’s. Men prefer huge autos and sports vehicles, which are expensive to insure. The differences between the car choices of women and men also cause variations in the cost of insurance.
Take note that while cheap car insurance for women seems to be unfair for men, women did not quite enjoy these insurances, until recently. In the past, women could not own cars, let alone obtain car insurances. However, women are now being given opportunities that men used to enjoy alone. Car insurance firms have somehow made themselves attractive to female drivers by giving them discounts on auto policy.
Women should not rely on their gender when obtaining auto insurance. Just because you are a female does not mean you can always obtain cheap car insurance. There are other factors that come into play, too. Even if you are a woman, if you have a bad driving record, your premiums can still increase.
Vehicle choice influences much the decision of the insurer whether to give you a cheap or expensive insurance policy. If you really want to get inexpensive auto insurance, stay away from sports cars, high performance autos, and luxury SUVs. Also, stay away from cars that have a higher chance of getting stolen or broken into. This only means one thing: before you purchase a car, consider whether you would likely be paying high or low insurance premiums on it.
Women should be wise when shopping for car insurance, especially because there are different types. Common insurance policies provide coverage for injury and property damage, personal injury, collision damages, and other damages not resulting from collision (comprehensive coverage).
When choosing the type of coverage, consider your driving behavior. If you think you are too careful that your driving would not even hurt a fly, consider skipping coverage for collision and start opting for comprehensive coverage. Of course, you may have to include liability coverage, as your state most probably requires it. Then again, if your car is old, it’s probably impractical to maintain comprehensive insurance coverage.
