Cheap Car Insurance For Women

Contrary to popular belief, women drivers actually pay lower car insurance premiums than their male counterparts. Why is car insurance cheaper for women? Find out below.

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Why do women drivers pay cheaper car insurance premiums?
Insurance companies have discovered that women tend to 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 women 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 women are involved in less severe accidents, women 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 Cindy who gets into three “fender benders” that cost the insurance company $3000. We can see how that doesn’t compare to Jake who gets into one huge highway accident causing multiple causalities, injuries and property damage. The fees for court expenses alone would dwarf Cindy’s claims.

Shop Around – Compare Rates
The best way for women drivers to get cheap car insurance is to shop around. Take advantage of websites like ours that allow you to compare rates from multiple companies. You can not only compare rates but also buy online. This way you get even more savings passed on to you as well as the ability to find the cheapest quote.