Car Insurance For Young Female Drivers

Contrary to popular belief, young female drivers actually pay lower car insurance premiums than their male counterparts. Why is this? Find out below.

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Why Do Young Female Drivers Pay Lower Car Insurance Premiums Than Young Males?
Insurance companies have discovered that females in general get into less severe accidents than males which results in the insurance company having to pay less for their claims. As a result, insurance companies charge female drivers less than they would male drivers as they can pass the savings on to them.

What About the Social Myth That Women Are Bad Drivers?
While it is true that females are involved in less severe accidents, female drivers as a whole are involved in more accidents than males. In order to understand this better we must talk about frequency and severity.

Frequency vs. Severity
One person can get into a whole bunch of small accidents while another person can get into just one big accident. Who will cost the insurance company more? Studies have shown that the one big accident will cost more than a slew of minor accidents.

For example, if we have Janet who gets into three “fender benders” that cost the insurance company $3000. We can see how that doesn’t compare to James who gets into one big highway accident causing multiple causalities, injuries and property damage. The fees for court expenses alone would dwarf Janet’s claims.

Shop Around – Compare Rates
The best way for young female drivers to save on car insurance is to shop around. Take advantage of websites like ours that allow you to compare rates from multiple companies. This way you can be assured you’re getting the most affordable car insurance.