Our society, rightly or wrongly, treats men and women differently. Each sex is held to different standards in various areas of life. Though in some aspects of our culture, we have been able to ignore gender differences, and view men and women equally. Automobile insurance, however, is not one of these areas.
Car insurance companies base their premiums on statistics. They evaluate a number of factors when deciding the amount you will have to pay for car insurance. These factors can range from where you park your car, to how many miles drive annually, to your individual driving record. And, of course, as noted above your gender also helps shape your premium.
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Why Gender Matters
When comparing the driving records of men and women, a definite, undeniable trend emerges. Women motorists, as a whole, get into less accidents and file less claims. This may surprise many of you. Aren’t men supposed to be better drivers than women? It’s true, women drivers are often stereotyped as being reckless, easily distractible, and more accident-prone. Yet this portrayal of women drivers flies in the face of the facts.
Here are some statistics, courtesy of the Insurance Institute of Highway Safety:
• Over 70% of all people killed in car accidents are male.
• Men are three times more likely to be cited for reckless driving.
• Men are three times more likely to be cited for a DUI.
• Men are two times as likely to be cited for speeding.
Those figures are pretty hard to ignore, right? They certainly add more fuel to the “who are better drivers, men or women?” debate. But we should also not forget another important fact: men drive more miles annually than women. 60% more miles, according the IIHS. More time spent on the road means more traffic violations, more accidents, and more claims filed.
What This Means To Car Insurance Companies
In short, it means that men on average will pay higher car insurance rates than women. Now, some of this depends upon your age. For instance, it is likely that a 17 year-old girl will face higher insurance rates than a 50 year-old man. This is because the girl doesn’t have an established driving record and her age group has a higher likelihood of becoming involved in a collision. But if you compare all the age groups of men with women, on average, will have cheaper car insurance rates. Women represent less of a risk to car insurance companies, and are less costly to underwrite.
How Women Can Save Even More On Car Insurance
Women can save more cash on car insurance. Here are some ways for female motorists to get the most inexpensive car insurance possible:
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GOOD DRIVER DISCOUNT
Women who stay accident-free for a period of five years avoid traffic tickets for a period of seven years will earn a good driver discount. This can translate into some serious savings. Up to 20% off the base premium in most cases.
MULTI-LINE DISCOUNT
Women should try to consolidate all of their insurance policies under one company. This could include home insurance, life insurance, rental insurance and life insurance. This discount can mean up to 10% off your car insurance premium.
LOYALTY DISCOUNT
If a female motorist stays with the same car insurance company for a year or more, she can save on her car insurance premium. These savings will increase every year, usually up to the sixth year. Stay loyal, save money.
GET MULTIPLE ONLINE QUOTES
The best way for women to find the most inexpensive car insurance rates possible is to receive multiple online quotes. Women need to know all of the options that are available. Set car insurance companies against one another; make them compete for your business. The easiest way to get multiple online quotes is to fill out at form here at Cheap Quotes Car Insurance. Maximize your savings today!