It may sting a little bit for men to hear the news, but car insurance is always going to be cheaper for women, no matter what age you are and no matter how good a driver you may think that you are. Car insurance for men under the age of 25 can be very steep, especially for those who have not been driving for a long time. However, the young women out there could see literally hundreds of pounds knocked off their insurance compared to their peers of the same age and it is all down to gender.
So why is it that girls are entitled to cheaper car insurance premiums each year? The simple fact is that, based on the statistics collated by insurance firms, those of the male gender are ‘worse’ drivers. What this means is not that their distance perception, speed estimation and reaction times are worse than women’s, but rather that they are more likely to have an accident because of their inherent tendency to drive a little recklessly, whilst the girls’ statistics suggest a more cautious, sedate style.
Even more importantly, car insurance companies take into account the speed and severity of the accidents with which members of each gender are involved rather than simply the volume of accidents in each group. For example, men tend to get themselves into accidents after high speed driving, which ultimately results in more extensive damage to the vehicles involved simply because of the closing speed, the insurance companies thus bearing a higher cost for each accident. Women of the same age, who typically drive more slowly, will also inevitably suffer accidents, but because of their reduced speed the damage and its associated costs will be lower.
Other factors that reduce the premiums for car insurance for girls include statistics that prove women are far less likely to commit a vehicle-related crime than men. This includes getting speeding tickets, points on the licence and other factors which make men riskier for insurance companies to cover.
Those who are new to driving are most likely to see the benefits of being a girl. Even a set of 17 year old twins, one male and one female, would see a marked difference between the cost of car insurance despite their genetic similarity, with the male of the pair likely to be paying much more in his early years than his near-identical sister. However, as you look at the older end of the car insurance market you will start to see the gap between the different in price for men and women close. With age comes responsibility and experience, developing the foresight needed to drive carefully. Over time, statistically speaking this makes accidents in men and women almost equally likely and consequently creates near parity between the genders in the cost of car insurance.
So, if you are looking for car insurance for girls, whether it is for yourself or for your daughter, then you should expect to pay a lot less than if you were attempting to insure a male. There are even car insurance companies that offer policies exclusively to women drivers in order to provide the best possible premiums, but as always it is worth shopping around if you are looking for a bargain. If you are an older woman then the benefits of a female-only provider may have less of an impact on the cost of your car insurance, but every option is worth investigating if there are potential savings.
Information correct on 04 Feb 2010
Car Insurance For Girls
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