Women’s car insurance - debt relief
Female-only car insurance could lighten the debt load for women as these policies are often much cheaper than their generic counterparts.
If the insured has a good record, there are some good savings to be made and even better ones if the vehicle is driven only by the main driver. Lady drivers of smaller cars can also benefit from a reduction to their premiums.
So why can women receive cheaper car insurance than men?
Statistically, women take more care on the roads, they are less power mad and are more likely to abide by the Highway Code.
Government figures show that over 90% of men have been convicted for driving offences and 98% of men have been convicted for dangerous driving including drink driving. Women are less likely to take the risk.
The way that a woman drives a car is also very different to that of a man. She will usually drive shorter distances and will keep speed at a safe level because women are used to driving with children in the back. When some men get behind the wheel of a car, they see other cars on the road as competition and could be willing to take more chances.
Women are more likely to buy smaller and cheaper cars to a man, these are less costly to repair and require lower insurance claims.
So like it or not, men accelerate higher costs to insurance companies than the girls, hence the reason why women can reduce debt on their insurance premiums and men have to pay that little bit extra.
Savings News posted on 17/09/2007 09:29:39
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