Do female owners get better classic car insurance premium rates?
For the most part, female drivers get a bit of a break on their insurance premium rates compared to their male counterparts. This is because, statistically speaking, female drivers are less likely to be involved in accidents. Additionally, when they do get into accidents, female drivers’ accidents are usually less serious compared to those experienced by male drivers. Female drivers also drive more slowly, and for less mileage, compared to male drivers. All of this means that, from an insurance company’s perspective, compared to male drivers, female drivers are likely to incur less damage, fewer liabilities, and therefore have less potential cost to insurers, and less likelihood of a claim. Therefore, competitive insurance companies are able to offer female drivers somewhat lower premiums. This effect can carry over to insurance for a classic car as well. However, even if you’re a female driver, over the age of 25, with a pristine driving record, living in a jurisdiction with relativel
