Women's Car Insurance and The Difference Between the Sexes
We know the obvious differences between men and women, but what is the difference when it comes to women's car insurance? Consider an illuminating fact from the Office of National Statistics. In the past five years, 83 percent of speeding convictions and 85 percent of careless driving convictions were issued to male drivers.
Why Choose a Women's Car Insurance Policy?
Women have special needs and a women's car insurance policy is designed to address them. For example, these policies offer additional cover for the contents of a handbag. Considering that some women carry designer handbags worth three figures or more, this is a useful form of coverage for women. Other benefits of cover customized for women include female-friendly car repair service and the fact that mostly women are covered by the insurance company, minimizing the claims filed to keep the costs of premiums down.
Are the Types of Car Cover Offered Different?
When you choose women's car insurance, you are still selecting from the same three basic forms of coverage, which are the basis for all car cover policies. Third party coverage only covers the damages incurred by third parties in the event of an accident and the driver's expenses are not paid. This type of coverage is the minimum car insurance required by UK law. Third party fire and theft also only covers third parties and offers the additional coverage of paying for the expenses of the insured in the event their vehicle is stolen or set on fire. Finally, fully comprehensive coverage covers everyone it the accident, regardless of whose fault it was. This type of coverage offers the most peace of mind and choosing a women's car insurance policy can reduce premiums enough to make it more affordable.
How Can Women's Car Cover Save You Money?
Because the insurance company is only insuring women, they are assured there will be less claims. As a result, the insurance company can pass these savings along to savvy women.
Additionally, more women than ever before are enjoying high performance vehicles, which are notoriously more expensive to insure. Women with a need for speed benefit from cheaper car insurance according to recent research conducted by Hyperformance. Steve McPherson, sales and marketing director for Hyperformance, states, “For years we have associated high performance with men and thought it was a 'boys and their toys' thing, but it seems the girls now want top performance from their men and their motors as well. Fortunately, they are in a good position; insurance rates for women are almost always cheaper than those levied against male drivers and this extends through to more high performance vehicles as well.”
Women's car insurance is specifically designed for women because they have a better record of convictions and claims costs which is statistically proven. Because of this, women enjoy lower premiums based on the fact they are less risky to insure. However, men can also get quotes from women-oriented insurance companies to see if they can appreciate a savings themselves.
If you want to use your feminine advantage to save serious money, check out how much womens' car insurance can save you on your annual premiums.