Being an insurance expert, I have encountered this question many a times- Why is it easier to find cheap car insurance than men? Men are more efficient as drivers than women. Men have better credit histories than women. Then why do the insurance companies like to offer cheap car insurance for women?
- Women drive safe. Men learn driving faster than women. When it comes to swiftness, they outperform women. But they are more likely to push the gas pedal harder than women. Women are less likely to cross the speed limits. They are less likely to take risks while driving. So, they are less prone to meet with accidents and call the insurance company. Their loyalty to the traffic rules prevents them from getting tickets very often. Consequently, insurance companies prefer women clients for offering cheap car insurance. Having a goof driving history including mainly the records of accidents and traffic rule violation can help some one save even 30% in the insurance cost.
- Women are more serious and regular as customers. They are more careful in paying the premiums in a timely manner and doing the required paper works.
- Insurance rate depends on the type of the car to be insured to a great extent. It is hard to find cheap insurance for sports cars, large SUVs, luxury cars. Cars with small engines, added safety and security features such as air bags, tire pressure monitoring systems, car alarms etc. are more insurance friendly. Statistics shows that women are more likely to use such insurance friendly cars. This many a times plays a big role in helping insurance companies offer cheap car insurance for women.
It is not that women are better driver than men. But, in general, women have certain features which give them more advantage as insurance buyers. That’s why insurance companies offer more discounts in the car insurance for women.