Is Womens Car Insurance Just A Marketing Gimmick?
Women’s vehicle insurance has been popping up all around the web and our TV screens currently. There’s a complete new class of insurers like Sheila’s Wheels and Cover Girl who provide motor insurance for ladies only. They offer lower costs for women motorists because, they state, it is cheaper for them to cover women. Women are better people therefore a lesser risk, they say. They have fewer accidents, fewer driving convictions and when they do have an, the repairs are usually cheaper. So, is it actually true, or is it yet another advertising device?
The clear answer to the problem is both no and yes. Women only insurance companies are marketing to a certain niche - women drivers. Of course it is a device, but such as the most useful advertising gadgets, it is located in fact. Listed below are the facts about women drivers and insurance:
-92% of driving convictions are given out to men.
Those numbers are changing, although, as women be much more aggressive people. In accordance with statistics gathered by the vehicle insurance assessment site confused.com, 16.8% of male drivers have convictions on their driving record, compared to 9.8% of female drivers. That number is up from 4.8% of female individuals just 3 years ago.
-Men drive differently than women.
A monstrous 98% of dangerous driving convictions were given out to male drivers a year ago. According to most of the research, men tend to be competitive and more aggressive behind the wheel than women, and that naturally contributes to more injuries. Women have a tendency to drive more slowly - generally within the speed limits - and to drive shorter distances. All those facts add up to fewer accidents that involve women. (So much for all those jokes about lousy women drivers. The data say otherwise.)
-Insurance organizations pay out less in damages for policies taken out by women.
When women do get into an accident, they tend to be of the fender-bender scrape variety. Overall, insurance firms have always known that female drivers cost less to them in payouts.
But, that doesn’t necessarily translate to the best premiums from women that are only insured by companies. In fact, many offer real estimates which are greater than the price you’d be quoted from the more simple motor insurance carrier. The simple truth is as a customary part of conducting business that despite the widespread sentiment that women drivers underwrite their more costly male counterparts by paying higher insurance, most insurance companies offer lower insurance costs to female drivers.
That is not to state that you’ll not get the best price from an insurer who just insures women’s vehicles. it’s with every other car insurance decision underneath line may be the same. Shop around. Get insurance rate quotes from a quantity of different businesses before you decide on the policy that is best for you. When you are comparing policies that you should always compare like with like keep in mind. Determine the specific cover that you need before you start seeking prices, and make certain that the rate you are quoted includes all of the cover you need. It’s really the only method to be absolutely certain you are obtaining the most useful cover for the money.
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