Car Insurance for Woman : Low risk segment for insurers

Car insurers base the price of premiums on the driving skills and safety precautions of the drivers. The drivers are judged on their knowledge of traffic rules, driving history, previous penalties, violation track records, etc., There are a lot of surveys, trending and pattern identification methods that are used to establish the basis of driving skills and ability of the drivers. The large amount of data gather for this purpose also helps in establishing age wise, group wise and segment wise trending of safety and accident claim patterns.

It has been found that women are safer behind the wheels when compared to the men, on a broader scale. They not only have a history of lesser insurance claims, they also score well when it comes to traffic violations and infringements. It is no wonder that the women drivers are the insurance companies’ favorite and the car insurance for woman is a better business bet for all insurers.

A well maintained car is less likely to be the cause of a road accident. Women are found to be better when it comes to maintenance of their vehicles. Women drivers also are traditionally known to drive a lot slower than men and this results in a better ‘on the road’ control of their vehicles. Another factor that determines the low cost of the insurance is the mileage of the car and women score better in this factor too. Women drive lesser distances on their cars and their long distance travels are also done slower than anyone else.

The traffic violation trends also point favorably to the women drivers. Their overall violations percentage is in the single digits and there are very few drunk driving and rash driving cases registered against women. Under this overwhelming proof of the superiority of the women driver, it is no surprise that the car insurance for woman is a lot cheaper than any other option that is available in the market.

Car insurance for woman is specially designed to suit the specific needs of the woman driver. It is ideally priced for less distance traveling and low claims coverage. This is purely based on the history and trends that point that the claims made by the women drivers are a lot lesser than the men and the distances traveled are also a lot lesser. The woman driver is also rewarded by a bigger discount on premiums that result out of no claims.

The women score better on performance in all the age groups till the age of 45. Beyond that there is no statistical proof of better performance and their car insurance prices are almost similar to that of men. Women in the age group of 20 to 25 are much sought after by the insurance companies (no pun intended!) because of a very good safety and accident track record. In comparison, their male counter parts of the same age group are considered to be the riskiest of all insurance groups. Car insurance for woman is cheap and is a safer option for all the insurers.

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