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UK Low Premium Womens Car Insurance |
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Written by Thulas Sukati
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Friday, 26 September 2008 08:54 |
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Unfortunately for men, it would seem the reason they are penalized on their auto insurance premiums is because they are involved with more claims than women drivers. The reasons for this are not conclusive but point towards a few known facts such as the speed at which women are more likely to drive at plus they are less likely to drive sports vehicles.
by ThulasSukati
Unfortunately for men, it would seem the reason they are penalized on their auto insurance premiums is because they are involved with more claims than women drivers. The reasons for this are not conclusive but point towards a few known facts such as the speed at which women are more likely to drive at plus they are less likely to drive sports vehicles.
So, car insurance providers prefer to insure women drivers to men as the risk of an accident and claim is lower than those for men. The problem is that although both sexes actually face similar driving conditions, when a man has an accident, the damage to the vehicle is normally far greater than if a woman had been driving. In light of these facts it is not surprising to find that the insurance premium a woman will pay is usually around thirty percent less than that paid by a man.
Because it is a known fact that women drivers generally drive within the speed limits, any accidents they do have are of a more minor nature which means repairs do not cost as much thereby keeping premiums down. As the speed that most male drivers travel at is considerably higher, often above the speed limit for the road; when accidents occur, they result in far more damage to the vehicle and a greater cost to the insurance provider. A lady is regarded to be a better risk as soon as they start driving, even at an early age and there are many premium discounts available for women drivers.
There are now a number of car insurance providers that have set up purely to aim their auto insurance policies at women and even married women cannot have their husband as a named driver. The reason for this is the greater risk the man poses with regard to an accident, thereby increasing the chance of a claim on the policy.
Although the lower the premiums means they won't make as much profit, if they can get as many women as possible, then the volume of business will be much higher. If you are a woman then you really need to get a quote for a lady's car insurance policy preferably one that includes legal cover as well as it will help to claim back any excess from the third party in the event of a non-fault claim. Further discounts can be made when a car is parked in a garage and if the person takes advanced driving lessons in addition to a clean license.
It is worth noting that auto insurance companies that only insure women drivers are often small and cannot always offer the same discounts as larger companies that do not have ladies only policies. Considering the ongoing costs involved with any type of insurance, the best course of action is to compare companies and obtain quotes from a number as you may discover a general insurer who is cheaper.
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