Car Insurance Deals
Car Insurance Deals
Do Women Get a Better Car Insurance Deal
Home office figures showed that men are liable for 83% of speeding offences and 97% of dangerous driving offences, so it seems it’s down to men that women pay less for their insurance. It is facts and figures like this that have resulted in the popularity of companies that only offer women’s car insurance.
Plus, statistically women drivers have significantly lower annual mileage than men, the lower the mileage, the cheaper the insurance, because the less you are on the road, the less chance there is that you will damage your car and make a claim. Women are also less likely than men to make an expensive claim or write-off their vehicle. Overall they are a cheaper and safer bet than their male counterparts.
These figures do not prove that women don’t have as many accidents as men, women simply do not do as much damage when they do crash because they drive slower than men. This is why women are offered cheaper car insurance by women-only insurers, but are they really being offered a better deal?
Despite the clever marketing used by the insurance companies that are exclusive to women, Diamond even offers handbag insurance as part of the package, it seems the products are nearly identical to those offered by mainstream insurers and are not always the cheapest.
Direct Excellence conducted independent research which concluded that three out of four women drivers would save money opting for mainstream insurers. The best option for women is to thoroughly research the prices and packages of different companies. Price comparison sites such as Only Finance, are the quickest and most efficient way to compare hundreds of different premiums while only inputting information once.
Of course, for some customers specialist women’s insurance packages will work out cheaper and offer a better package, although other factors will make a big difference. The size of the engine, the make and model of the vehicle, safety features you have installed and even the postcode in which you live will all affect your quote.
There are currently no companies who offer men an equivalent exclusive deal to those that women receive in abundance, although men can benefit from insurers’ favourable treatment of their mother/wife/sister/aunt. Being a named driver on a female’s insurance policy can often work out cheaper for men than being the policy holder, so it’s definitely worth looking into. Alternatively having a female driver named on a male’s insurance policy can also bring premiums down.
Despite the fact that at present women are classed as safer drivers with fewer high cost claims and write-offs, it seems that women are gradually becoming more aggressive drivers and more likely to drive competitively, as well as driving longer distances than in the past.
According to Confused.com’s analysis database, which surveys 5.5m users, 16.8% of men have driving convictions compared to 9.8% of women. However the gap between the sexes is closing, the number of women drivers with points on their license has more than doubled to 4.8%, compared to the figure from three years ago.
It is likely that, until the government release figures proving this theory, insurers will still look favourably upon women and offer them better deals.
About the Author
Jemma is an author of several articles pertaining to Mortgages, Insurance, Loans, Debts, Credits, Van Insurance, Life Insurance, Health Insurance, Bike Insurance, Carl Insurance and other Business and Finance articles.
What’s the difference between dealing with a car insurance company directly or a local agent?
I was with the same insurance company for 10 years using the same local agent. My car Insurance Rates kept going up every time my policy was renewed. I decided to explore and see what better rates I could get with other car insurance companies. Friends and family gave me names of local agents from insurance companies they used. All the agents quoted me really high. Then, I called a major insurance company’s 800 number (not through an agent) and got the lowest quote. So, why do people use insurance agents? Is there a reason why it’s better to use an agent?
In addition to what a-mac said; if you have a claim but you are unsure if it is covered you can discuss it with your agent without submitting it to the company. (Companies do not like this – fyi)
If you call the company, and it turns out there is no payout on the claim it will count against you and you will probably see a change in your rates.
Remember: you get what you pay for. There is one company that has an 800 number that I would be extremely cautious with…
Car Insurance Deals
What’s the difference between dealing with a car insurance company directly or a local agent?
I was with the same insurance company for 10 years using the same local agent. My car insurance rates kept going up every time my policy was renewed. I decided to explore and see what better rates I could get with other car insurance companies. Friends and family gave me names of local agents from insurance companies they used. All the agents quoted me really high. Then, I called a major insurance company’s 800 number (not through an agent) and got the lowest quote. So, why do people use insurance agents? Is there a reason why it’s better to use an agent?
In addition to what a-mac said; if you have a claim but you are unsure if it is covered you can discuss it with your agent without submitting it to the company. (Companies do not like this – fyi)
If you call the company, and it turns out there is no payout on the claim it will count against you and you will probably see a change in your rates.
Remember: you get what you pay for. There is one company that has an 800 number that I would be extremely cautious with…
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