When it comes to the cost of car insurance, women seem to increasingly enjoy many more benefits than their male counterparts.
Not only do they pay significantly less in premium costs than male drivers, but there are also a huge number of motor insurance companies that specifically provide policies on a female-only basis.
This is because it has become generally accepted that women provide a much lower element of risk behind the wheel of a car, particularly when young female drivers are compared to male drivers of a similar age.
There are a series of factors that companies consider when setting the costs of car insurance.
Women tend to drive more carefully and deliberately than men so when they do make an accident claim, the cost of repair is usually to cover minor scrapes and dents whereas male drivers produce a significantly higher number of written off vehicles.
Female drivers also pick up less driving convictions and fines than male drivers and this also makes a difference to the cost of car insurance.
Women only accounted for 18% of all motoring convictions last year and just 14% of careless driving offenses.
These are simply further statistical influences that continue to highlight the reasons why female drivers enjoy the benefits of cheaper car insurance.
Women continually show safer driving habits than men and although there seems to be a current rise in the number of road rage incidents and competitive driving involving female drivers, there are no official government statistics available to substantiate this.
When insurance companies decide on the price of a motor vehicle insurance policy, they do so on a basis of risk.
That risk not only accounts for the overall likelihood of an accident happening, but also allows consideration for the cost of subsequent parts or repair if the accident actually happens.
Because male drivers are involved in a much higher ratio of accidents where the level of damage to the vehicle is much worse, the insurance risk becomes greater and this is reflected in the higher cost of the premium itself.
The current trend of recognized safe female driving has seen a sharp rise in the number of companies providing car insurance solely for lady drivers.
Companies such as Sheila's Wheels and Diamond dominate this unique market and have launched very successful advertising campaigns to gain new business.
When it comes to car insurance, women really are getting some of the best deals possible!
Not only do they pay significantly less in premium costs than male drivers, but there are also a huge number of motor insurance companies that specifically provide policies on a female-only basis.
This is because it has become generally accepted that women provide a much lower element of risk behind the wheel of a car, particularly when young female drivers are compared to male drivers of a similar age.
There are a series of factors that companies consider when setting the costs of car insurance.
Women tend to drive more carefully and deliberately than men so when they do make an accident claim, the cost of repair is usually to cover minor scrapes and dents whereas male drivers produce a significantly higher number of written off vehicles.
Female drivers also pick up less driving convictions and fines than male drivers and this also makes a difference to the cost of car insurance.
Women only accounted for 18% of all motoring convictions last year and just 14% of careless driving offenses.
These are simply further statistical influences that continue to highlight the reasons why female drivers enjoy the benefits of cheaper car insurance.
Women continually show safer driving habits than men and although there seems to be a current rise in the number of road rage incidents and competitive driving involving female drivers, there are no official government statistics available to substantiate this.
When insurance companies decide on the price of a motor vehicle insurance policy, they do so on a basis of risk.
That risk not only accounts for the overall likelihood of an accident happening, but also allows consideration for the cost of subsequent parts or repair if the accident actually happens.
Because male drivers are involved in a much higher ratio of accidents where the level of damage to the vehicle is much worse, the insurance risk becomes greater and this is reflected in the higher cost of the premium itself.
The current trend of recognized safe female driving has seen a sharp rise in the number of companies providing car insurance solely for lady drivers.
Companies such as Sheila's Wheels and Diamond dominate this unique market and have launched very successful advertising campaigns to gain new business.
When it comes to car insurance, women really are getting some of the best deals possible!