Is Womens Vehicle Insurance coverage Just A Marketing and advertising Gimmick?
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Women's automobile insurance has been popping up all over the net and our Television screens lately. There is a entire new class of insurers like Sheila's Wheels and Cover Girl who provide automobile insurance for ladies only. They promise reduced premiums for females drivers because, they claim, it's cheaper for them to insure females. Girls are much better visit drivers so a reduce threat, they say. They have fewer accidents, fewer driving convictions and when they do have an accident, the repairs are typically more affordable. So, is it actually correct, or is it just another advertising gimmick?
The answer to the query is both yes and no. Females only insurance coverage firms are advertising to a specific niche - women drivers. Of course it's a gimmick, but like the finest advertising and marketing gimmicks, it is based in truth. Here are the facts about girls drivers and insurance:
-92% of driving convictions are handed out to guys.
Those figures are modifying, though, as ladies grow to be more aggressive drivers. According to statistics gathered by the auto insurance coverage comparison site confused.com, 16.8% of male drivers have convictions on their driving record, compared to 9.8% of female drivers. That number is up from four.8% of female drivers just three years ago.
-Guys drive in a different way than ladies.
A whopping 98% of dangerous driving convictions had been handed out to male drivers final year. According to all the research, males tend to be a lot more aggressive and competitive behind the wheel than girls, and that naturally leads to much more accidents. Ladies tend to drive much more gradually - normally inside the speed limits - and to drive shorter distances. All of those details add up to fewer accidents that involve ladies. (So much for all those jokes about lousy girls drivers. The statistics say otherwise.)
-Insurance companies spend out much less in damages for policies taken out by women.
When women do get into an accident, they tend to be of the fender-bender scrape variety. General, insurance coverage firms have always identified that female drivers price them much less in payouts.
Nevertheless, that doesn't necessarily translate to the lowest premiums from organizations that only insure ladies. In truth, several of them provide actual quotes that are greater than the rate you'd be quoted from a much more generic motor insurance coverage business. The truth is that regardless of the widespread sentiment that ladies drivers underwrite their more costly male counterparts by paying larger insurance coverage, most insurance coverage businesses provide reduced insurance rates to female drivers as a customary part of doing enterprise.
That's not to say that you will not get the best price from an insurer who only insures women's cars. The bottom line is the exact same as it is with any other auto insurance choice. Shop around. Get insurance rate quotes from a number of various firms prior to you determine on the policy that is very best for you. Maintain in thoughts when you're comparing policies that you must always compare like with like. Determine on the specific cover that you want prior to you start requesting quotes, and make confident that the rate you're quoted includes all the cover you want. It is actually the only way to be definitely certain you're finding the greatest cover for your money.
