The car insurance companies are said to believe that the women, on an average are safer drivers than men. This statement gets proven by the fact that car insurance for women is cheaper everywhere as compared to the men’s one.
Is it Just a Notion or the Ignored Truth that Women are Safe Drivers?
As drivers, the women are considered to be risk-averse as they drive carefully on the road and follow most of the rules and regulations just as given by the book of records.
It can be given to their maturity or a more empathetic view of the human life that makes them cause lesser harm to other individuals. Disciplined as women are considered, they tend to follow the protocols as declared by the department of motor vehicles.
The statistics also prove that out of all the accidents caused by roads due to rash driving, the involvement of women in them was less than even half of the total! This is one reason that some of the companies have brought up car insurance, specific policies that are more in value and mostly lesser in price.
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Women Car Insurance is Quite Impressive
As discussed above, the policy for women is priced lesser than that for men. Some of the cited reasons for the above are:
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Lesser cases of involvement of women in road accidents due to rash driving or uncontrolled vehicle behavior. Most of the accidents by women are seen as low impact and low-speed collisions.
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They follow the rules and signboards as per the guidelines.
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Compared to men, there are fewer women drivers on roads but most of them own smaller vehicles as women mostly are not techno-freaks. The more expensive the vehicle is, the costlier it is to maintain.
Considering these points, the car insurance companies tend to reduce the charges of insurance as they consider it as a less risky deal. They do not have to chuck out a large amount of money for the maintenance and repair of the vehicles in case of women drivers.
One important point to be noted here is that though the car insurances are cheaper for women, there are different notions when it comes to car insurance for young female drivers. The fact is quite the opposite here. Young female drivers are not as safe drivers as adults. As a result, the insurer doesn’t offer a lower premium for them in most of the situations.
How to Find the Most Suitable Policy?
In financial matters, women are considered to be more calculative and organized.
The very first step to deciding on car insurance is to take the quotes from various companies. This information can be availed online very easily or by filling out some application forms on the web page of a few insurance companies and meeting their agents in real time. We are also offering free quotes to our readers, check here.
The state insurance department is another viable source of providing contemporary information on this matter. However, it’s not a feasible choice.
The second step should be to calculate the final price for insurances after levying the discounts. While some of the policies may be cheaper in price but do not offer great value such as coverage benefits, so the third step is to compare the benefits against the price of the insurance.
These steps are essentially useful in deciding the most suitable deal.
Are Cheap Policies are Always Good?
No, certainly not. Though the lowers prices of insurance are given to the fact that the car insurance firms consider them less risky but it certainly doesn’t imply that those cheap insurances are always the best for women!
Additional Benefits Truth
For example, an insurance policy that is cheaper in rate comes with additional benefits that are devised specifically for women drivers, can result in an expensive deal. These additional benefits come with additional costs too. It is better to get the quote separately for additional benefits and basic policy so that one can freely decide which policy suits her/him as per requirements.
Low Price is Not Always Good
As it is considered that women mostly cover short distances in a car compared to men, so if they are offered a discount on mileage as an additional benefit with the insurance policy, it will be of no use for the client. Similarly, some cheap insurance policies may not appear to be high in prices, but if it offers lesser benefits of coverage in case of a mishap, it may not be suitable for some women.
The price should be one deciding factor while buying any car insurance, but it should not be the only reason for buying insurance.
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How Age Affect the Insurance Plan?
Age has a significant impact on each car insurance plan. The earlier(after 18) you can purchase the better plan you may get. However, most of the car insurance plans for females over 20 are affordable but if you are not over this age, it will be very expensive to cover your car.
Tips to avail the best car insurance:
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Maintain a clear record of driving. A good credit score can play a functional role in deciding the price of your car insurance. The better the credit score, the more the chances to get cheaper car insurance. So keep your driving record free of rules violations and accidental damages. However, there are also policies without a credit check.
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Try to pass the driving test in minimum chances, if possible in the first chance itself. Due to their sincere analytical skills, it is believed that women pass the driving skills quickly. This also helps in making the insurance policies favorable for women at lower prices.
Make a note of what kind of benefits are you expecting from your car insurance policy and allocate a budget to it. If you will be mentally aware of what you want to buy and how much do you want to spend, it will be easier to decide whether what insurance policy will be the best deal for you.
