So you think women are lousy drivers and they pay more for insurance? Wrong! The truth of the matter is males need to pay more for auto insurance than females.
Have you ever wondered why car insurance for women is cheaper? According to statistics, men encounter accidents more than women.
This is shocking because there are more women than men (in number) in the United States.
The gender ratio is found to be 105 women to 100 men.
We're not saying though that women are better drivers.
Car insurance companies actually rely to the said statistics so they can come up with specific premium rates.
Based on statistical information, the gender that posts higher risks is more likely to pay higher premium.
Since men encounter accidents more frequently, car insurance for women is cheaper.
Statistics also show that it is always men who break the law.
Companies would normally collect and study date acquired from vehicular accident records.
They will use these records to raise rates to those who have been and who will be in a higher probability of loss and hence lower the cost for those who post lower risks.
Women are lucky these days because they can opt for mainstream insurance that caters to all drivers or a company that is solely dedicated for women drivers.
Sorry to break the news guys but women drivers are less of a risk than men drivers which is why they tend to get the best insurance deals.
Women are naturally careful about driving (at least generally speaking), they follow the rules and they are less inclined to speed.
Another reason why car insurance for women is cheaper is because they usually pick a car that has a smaller engine.
This means that these cars have cheaper replacements and cheaper labor cost for the repair.