Why are ladies car insurances cheaper?

Should women have privileges when getting a car insurance? Would it be fine that ladies’ car insurance were cheaper than men’s? well, there are several opinions, and the discussion is open. Here, we’ll just provide a few elements and considerations to take into account and be informed about the world of ladies car insurance, for lately there are lots of companies dedicating to arrange insurances for women at cheaper costs. For instance, ladiesinsurance.com, which claims itself as an enterprise that has been developed “to cater for that group of people who statistically are safer behind the wheel and have less serious accidents – LADY DRIVERS”.

Is this discriminatory? Are women really the safest drivers? Statistics guarantee that, and it has turned out to be a very fine business for companies offering this kind of insurances. So there is less risk, for the companies, that cars driven by men. In that sense, it’s perfectly comprehensible to understand why the policy is to provide low-cost insurance for ladies. This phenomenon is now widespread, as lots of companies understood that the business was there with women, who are less prone to be involved in accidents. Should we think that this happens because they drive better? Well, I think the trick is in other elements. For instance, it is clear that women drive less than men. That is a data many times omitted: they are less prone to having accidents because they have less risk, as they drive much less than men. These enterprises seeking for women who drive have developed spectacular marketing strategies so as to let them know that they are not discriminating anyone, that they want to provide fair car insurance for those who deserve it, and so on. These companies have spread all over the UK and the US, and it is clear that the move will be spawning in many other places. For women who are driving, they should know that there is plenty of offer to look about, to search and find the best quota possible so as to have an insurance for their car. There is an important fact, provided by privilege.com: “According to research by Privilege, women can afford to spend an extra £1,122 on motoring items during the course of their lifetimes thanks to the money they save on car insurance as a result of driving safely”.

Another reason generally spotted by these companies is that usually women are less prone to making expensive claims. “Although there is little difference in volume between ladies’ car insurance claims and those made by male motorists, the average claim made by men is 20 per cent higher. This means that women can be considered better risks, making ladies’ car insurance cover less costly”.

So are we allowed to talk about discriminating policies? Surely not. Guaranteed by statistics, no matter if because they drive well or because they drive less, or because they claim for less money, women have proved to be better risks for insurance companies that men. That’s why ladies car insurance happens to be in some cases much more cheaper than male’s insurance. There’s no reason to think of conspiracies or nothing like that. It’s a fact, supported by figures.