Why Is Car Insurance For Women Cheaper?
Insurance companies establish premiums based on risk. Their data tells them that men have higher risk than women and therefore will have higher premiums to pay over the long run. Specifically, the data states the following: • On average, women get involved in fewer accidents than men. • The extent of the damage from such accidents is smaller as well. • Women typically commit fewer traffic violations than men. • Women buy fewer luxury vehicles and sports cars than men. • Women drivers are more likely to pass their driver licensing exams the first time. All of these reasons are taken into consideration by insurance companies when establishing rates. They know what they are doing and analyze quite a bit of data to determine the premiums paid by their customers. Of course, previous driving record is always considered when calculating the rate. Ways To Get Cheap Car Insurance For Women If are looking for ways to decrease your car insurance premium, start by purchasing the right car. When I
