Why Do Women Pay Less For Motor Insurance
Why Do Women Pay Less For Motor Insurance
On the subject of motor insurance, there are certain things that you can do so that you can qualify for lower monthly payments. You can fit a proper tracking system in your car and park the car in a locked garage at night, you can keep your claim track record as flawless as possible and stay away from speeding fines and other traffic penalties, just to mention a few.
There are however a couple of factors that you can do nothing about. You can't do something about your age (no, lying does not count) and you cannot do something about your gender. And yes, your gender can have a direct effect on your car insurance premiums!
You've probably seen some of the advertisements on the telly where it explicitly advertises that ladies can get cheaper motor insurance policies than men. I'm sure this subject has caused many discussions and feuds as time passes and can very easily turn into a battle between the male and female species.
So why are women offered reduced motor insurance premiums? Are they better motorists than men? Do they cause fewer injuries than men? Or do they earn less than men and therefore deserve discount?
It is important to bear in mind insurance companies are all about "risk". Insurance can basically be described as the uncertainty of financial loss. The insurance firm basically takes over liability for whatever might go wrong with your car or truck. They have absolutely no way of telling if you'll be involved in an accident or if your call will be stolen, therefore they are basically taking a gamble and hoping for the best. Even the most responsible driver can end up in an accident and not matter how many security precautions you install in your car, burglars can still find a way around it and leave you without your set of wheels. Accidents happen and each and every motor insurance customer is a risk to the insurance firm.
This is where the gender aspect of insurance comes in. Studies have revealed that women pose a lower insurance risk than men; and since insurance coverage is all about men, the whole subject of more affordable motor insurance policies for women starts to add up! Women generally are not big risk takers, they drive slower than men and they are not involved in as many motor vehicle collisions as their male companions. Think about the last time you saw 2 ladies in their mini-skirts and high heel shoes in a fist fight because one of them missed a robot. And the little motor vehicle in front of you on the road, driving just a little bit slower than the speed limit - generally a female, right?
The insurance providers therefore regard women as lower risk customers and women drivers are often offered cheaper motor insurance plans.
So next time before you want to throw the television with a pillow when you see that less expensive insurance policies for women are advertised, take a deep breath and realize that all is fair in love and war and you cannot argue with statistics! Techniques Insurance Companies Use To Deny Claims Acquiring Quotes For Insurance Is An Easy Undertaking Insurance during the recession The new insurance exchanges Club Insurance: An Affordable Option For Members Defining Why A Company Needs Error Omission Insurance What To Insure In Edison Insurance Job Advisor State SR22 Insurance Defending against Insurance Fraud Charges Watch Philadelphia Phillies vs Toronto Blue Jays Game Coverage Online high quality Finding Answers to the Many Questions Created with the SR22 Insurance Requirement The Basics of SR22 Insurance