Car Insurance For Women

In recent years, one thing that has been very noticeable in the insurance industry has been the emergence of car insurance designed specifically for the woman driver. For many years niche car insurance only catered to the whims of classic and sports car owners, but recently there has been a massive interest in providing car insurance just for women. Looking at the amount of insurer's advertising their wares it seems that with each passing month another company joins the ranks of those already offering female car insurance. From the outside they all might appear brand new companies, but behind the scenes are some of the UK's most popular insurers, who with a little ingenuity have embraced the concept of car insurance for women and created whole new brands around it. The trendy ads and catchy TV commercials are aimed at the younger female driver, offering the average "Urban Miss" the opportunity to buy into these lifestyle brands. The underlying message, though, is that women's car insurance can be a lot cheaper than buying a regular car insurance policy.

Why is Women's Car Insurance Cheaper?

Behind the branding, the glamour and the marketing, women's car insurance has evolved from the concept that women on the whole tend to be safer drivers, therefore posing much less of a risk on the road. As car insurance premiums are largely based on the assessment of risks, then anything that can be done to reduce the risk will ultimately result in a cheaper car insurance policy. In this case, the tendency for female drivers to be safer is all that is necessary. It was also noted that women, on the whole, have average insurance claims that are far less costly to insurance companies than their males counterparts. This could simply be the fact that women tend to travel less, and when they do it is with greater care, concentration and at slower speeds. Statistics do show, however, that the number of insurance claims women make is very similar to that of men, yet it is this discrepancy in claim values that has given insurers the opportunity to offer cheaper car insurance for women.

Data also shows a marked difference in car choice between male and female drivers, with women tending to opt for cars with modest engine sizes and a lower spec altogether. The obvious benefit to the insurance company is that repair costs are cheaper, parts are easier to source and bodywork damage is less costly than it is with high performance cars. With men accountable for approximately 90% of all driving bans and convictions on Britain's roads, it was inevitable that someone would see the marketing potential in offering cheaper car insurance to the statistically safer woman driver.

Costing Car Insurance

When car insurance companies cost their products they take into account the losses sustained through insurance claims, this is when those who have never made a car insurance claim begin to feel they are subsidising the reckless. The whole idea of car insurance just for women alleviates this problem. It means the majority of women buying car insurance are not subsiding the expensive insurance claims, but simply covering the loss to the company of much smaller claims made by women. This enables the insurance companies to pass on their savings and offer women's car insurance at cheaper prices.

Although they are designed for women, most insurance policies will usually take into account the need for a boyfriend or husband to drive the car occasionally, so with most female car insurance there will be an option to allow them as named drivers. Though, the understanding is that the woman shall always be the main driver of the vehicle, so any quotes obtained for women's car insurance will still reflect the reduced risk you pose as a female.

Women's Car Insurance Options

When buying women's car insurance you will be offered the same options as you are with standard car insurance - Fully Comprehensive and Third Party Fire and Theft being the most common. But with female motor insurance you may also find extras are added to give extra peace of mind on the road. One extra routinely offered alongside women's car insurance is breakdown assistance. Insurers realise that safety on the road is of utmost importance to the female driver, so will frequently include this for free or at a small extra charge. If this is important to you then do search out a woman insurance policy that includes it, otherwise ask the insurer to add it as an extra.

Women's Car Insurance Summary

On the whole female car insurance can only be a good thing, it not only makes the marketplace more competitive but appears to overcome the problem of the majority subsidising the minority. However, whether it gives cheaper insurance in all cases has yet to be proved. It might just be that the only true beneficiaries of women's car insurance are the high mileage girls in their high spec cars, with the rest just buying into the dream. Most car insurance companies will look favourably upon you anyway for the simple fact you are a woman, so do shop around and get as many quotes as you can before deciding on one.