Here’s what you might not know! There’s a good chance that the car insurance you pay now is a direct result of your gender. Sometimes, your gender can play a very important role in your auto insurance quote. When it comes to car insurance rates, female drivers tend to pay less than men. That’s because female drivers tend to be, statistically speaking, more reliable drivers in general, they drive safer vehicles, and they tend to file far fewer insurance claims. Not all female drivers are better at driving than men, but many auto insurers are learning the stats and adjusting their rates accordingly. This is a common practice among US and UK insurers. In fact, in the UK, there are agencies that specifically look for low-cost insurance options for female drivers. Many of these institutions can be found with just a basic search on the internet. Cheap car insurance for female drivers is usually easy to find, as long as you qualify for the coverage you apply for.
Auto insurers have been studying data related to male and female drivers for years, and many of the findings directly show that female drivers are safer and more reliable than male drivers. For example, female drivers do not appear to be involved in as many accidents as male drivers, and when they are involved, the level of damage involved is generally much less. This may be because they are more cautious in general, or it may be related to their usual choice of safer cars. Also, female drivers are more likely to pass the driver’s license test on the first try, which is less common for male drivers. This has nothing to do with the fact that one gender is smarter than the other, most likely because women actively spend more time practicing and studying before exams.
These statistics have led auto insurers to re-evaluate the way they offer car insurance premiums to female drivers. As a result, insurance providers are more likely to offer women drivers cheaper car insurance premiums than men. So women are being offered cheaper prices not because they are women – they are being offered those prices because statistics show that lower prices to safer drivers are not a dangerous bet. This has nothing to do with the fact that auto insurers tend to favor women, or because auto insurers are led to believe that gender is related to actual driving skills. This means that statistics show that female drivers tend to be safer and more cautious than male drivers, which makes them safer when it comes to car insurance risks.
While female drivers may have lower car insurance rates than men, they still need to adhere to all of the exact same criteria when it comes to determining whether they will be approved for car insurance and what quotes to offer them. All of the criteria below play a role in determining your eligibility for cheap auto insurance.
o Driving records and driving history of the insured and anyone else who will be driving the vehicle.
o Where the insured lives and where the car is parked.
o Details about the vehicle, including make, model and year. Additionally, vehicles often have to pass a safety inspection or at least appear to be in safe working condition.
o The policyholder’s credit score and history. Credit history plays a role in whether to grant auto insurance to ensure coverage is only offered to those responsible who can handle monthly premium payments.
o The age and experience of the driver and policyholder can also influence the decision. On the one hand, many young drivers can get special offers and discounts on their insurance policies because they are newbies, but some policies tend to charge more because new and inexperienced drivers are more prone to accidents or traffic breaches, which could negatively impact their premiums.
To make it easier for female drivers to find cheap car insurance, it is necessary to practice all of the following:
o Safe driving habits.
o Drive a vehicle known to be safe.
o Park or store the vehicle in a safe place.
o Keep an eye on their driving record and make improvements where possible.
o Keep an eye on their credit scores and reports and make improvements where possible.
The statistics that lead car insurers to offer cheaper premiums to female drivers have never been sexist or discriminatory, but they do a lot to help women drivers get cheaper car insurance premiums. That doesn’t mean men can’t turn around and get the same affordable car insurance rates, but it’s often easier for women to find cheaper rates than men. The hope is that rising car insurance premiums will prompt more male drivers to adopt safe driving habits or drive safer cars. If men drive as cautiously as women, their car insurance premiums may be just as cheap.