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Women's auto insurance coverage has been popping up all over the net and our Tv screens lately. There's a entire new class of insurers like Sheila's Wheels and Cover Girl who offer you automobile insurance for ladies only. They promise reduced premiums for women drivers due to the fact, they claim, it's cheaper for them to insure ladies. Girls are greater drivers so a decrease threat, they say. They have fewer accidents, fewer driving convictions and when they do have an accident, the repairs are generally cheaper. So, is it actually accurate, or is it just an additional advertising gimmick?
The answer to the query is each yes and no. Girls only insurance organizations are advertising and marketing to a certain niche - females drivers. Of program it really is a gimmick, but like the finest marketing and advertising gimmicks, it is based in truth. Here are the facts about females drivers and insurance:
-92% of driving convictions are handed out to men.
These figures are modifying, although, as ladies grow to be much more aggressive drivers. According to statistics gathered by the automobile insurance comparison web site confused.com, 16.8% of male drivers have convictions on their driving record, compared to 9.8% of female drivers. That quantity is up from four.8% of female drivers just 3 years ago.
-Males drive differently than girls.
A whopping 98% of unsafe driving convictions had been handed out to male drivers last year. According to all the analysis, men tend to be much more aggressive and competitive behind the wheel than ladies, and that naturally leads to far more accidents. Ladies tend to drive much more slowly - usually within the speed limits - and to drive shorter distances. All of those facts add up to fewer accidents that involve ladies. (So a lot for all those jokes about lousy women drivers. The statistics say otherwise.)
-Insurance companies spend out much less in damages for policies taken out by ladies.
When ladies do get into an accident, they tend to be of the fender-bender scrape selection. All round, insurance coverage businesses have constantly identified that female drivers cost them less in payouts.
Even so, that does not necessarily translate to the lowest premiums from businesses that only insure women. In truth, many of them supply actual quotes that are higher than the rate you'd be quoted from a far more generic motor insurance company. The truth is that despite the widespread sentiment that women drivers underwrite their more expensive male counterparts by paying higher insurance, most insurance businesses supply reduce insurance coverage rates to female drivers as a customary part of undertaking company.
That is not to say that you won't get the very best price tag from an insurer who only insures women's vehicles. The bottom line is the exact same as it is with any other auto insurance selection. Shop about. Get insurance rate quotes from a number of various organizations before you determine on the policy that is best for you. Preserve in thoughts when you're comparing policies that you ought to always evaluate like with like. Make a decision on the specific cover that you want just before you begin requesting quotes, and make confident that the rate you're quoted includes all the cover you need to have. It is really the only way to be completely certain you are finding the very best cover for your income. this page is not affiliated