Compare Auto Insurance For Women: Why Is It Cheaper Than Men’s?

In a direct comparison of similar drivers, the fairer sex can expect up to £300 less on their car insurance, which is almost unmatched. Car insurance for women benefits from insurance specialists who only deal with female drivers. However, the market niche is growing, as insurers base their rates on pure statistical risk, and with women the risk is much lower than with their male counterparts.

When insurers weigh how to price their auto insurance, the factors they take into account will adjust the variable price. These factors include the make of the car, the age of the car, the specifications of the vehicle, the age of the driver, the geographic location, but perhaps most importantly, the gender of the driver.

Of all the variables, gender is one of the most important in determining the overall price when comparing a woman’s auto insurance to a man’s. Of course, it’s not a coincidence that women also tend to choose more modest cars with a smaller engine size and fewer specifications.

Cars that don’t emphasize high performance tend to have the most abundant and cheapest parts, have cheaper labor costs to repair, and are easier to fix on the body. Taking these factors into account would make any car insurance cheaper, not just for women.

However, statistics show that when the sexes are compared, men tend to break the law much more frequently in their cars than women. Approximately 90 per cent of all driving bans and convictions in Britain are attributable to male drivers, which says a lot about car insurers looking for careful drivers.

Although women have fewer convictions than men, the number of insurance claims they make is about the same as men. What’s interesting is that, on average, when you compare women’s auto insurance claims to men’s auto insurance claims, there is a large discrepancy in cost.

Even when women are in accidents and make a claim on their auto insurance, their costs are statistically much lower than when men make claims. This not only has to do with the difference in the cars being driven, but also has to do with the severity of the damage when men and women drive.

As a generalization, women drive slower, safer and with more concentration than men, which is why they have fewer convictions but also why when they do have accidents the cost of repair is much lower on average.