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Most men just love to make jokes about “women drivers”, but it seems that it is the same “women drivers”, that end up having the last laugh when it comes to receiving low auto insurance rates. It is indeed the fairer sex that pays less for insurance rates than any other driver on the road today.
A number of car insurance providers offer policies specifically designed to cater to women drivers. These companies claim that they are able to offer low auto insurance rates with better coverage options because of the superior driving record that women have over all. It is their view that because women present less risk on the road they should be rewarded with less expensive auto insurance premiums.
So is the insurance practice of discounting women drivers auto insurance rates justified? If you believe today’s statistics it seems that it is in fact quite justified. Statistically, men commit more motor vehicle related crimes than women. Men are also less likely to pass their drivers exam the first time around, and men cause more monetary damage when involved in an auto accident than women. So, by all means, men’s auto insurance rates should be higher in order to properly cover the risk they present to insurance companies.
When taking these figures into account, it seems justifiable that women should receive low auto insurance rates. However, just because a particular insurance company markets primarily towards females, it doesn’t necessarily mean that their rates are less expensive than insurance providers who market to all drivers.
The insurers, who focus primarily on female drivers, may attempt to attract business by offering a number of unique incentives that target women, such as priority roadside assistance, and mobile phone locator services.
So, as a woman who is shopping for low auto insurance rates, instead of simply accepting an auto insurance quote from only one provider, you should definitely compare rates online. You can do this through an auto insurance comparison website to receive a more complete overview of the market. This research will help you to find the right deal for you. Searching specialty companies for women drivers is certainly in your best interest when it comes to finding the very best rates and policy for your needs, but not the only way to go.
